Goodman New Zealand Limited & Goodman Property Services Limited Units · NZX:GNZ
Goodman New Zealand Limited & Goodman Property Services Limited Units — Goodman Property Trust — Shareholder Meeting (August 2012)
37 slides from Goodman New Zealand Limited & Goodman Property Services Limited Units's shareholder meeting presentation, Aug 7, 2012
Slide 1: Annual Meeting
Annual Meeting+ Goodman Property Trust Title Date Millennium Centre, New Zealand
Slide 2: Introduction
Introduction+ Keith Smith 2
Slide 3: Meeting objectives
Meeting objectives + Review the performance and strategy of the Trust + Consider today’s business outlook
Slide 4: Directors and Executives
Directors and Executives + Andy Eakin, Chief Financial Officer + Leonie Freeman, Independent Director + Peter Simmonds, Independent Director + Phil Pryke, Non-executive Director + Susan Paterson, Independent Director + Greg Goodman, Non-executive Director + John Dakin, Chief Executive Officer and Ex
Slide 5: Trustee and Auditors
Trustee and Auditors + Trustee, Perpetual Trust + Auditors, PricewaterhouseCoopers
Slide 6: Overview
Bes, Overview:
Slide 7: Introduction
Introduction + Sound operating result in FY12 + Pre-tax distributable earnings of $80.9 million + 10.4% increase in profit after tax
Slide 8: Capital management
Capital management+
Slide 9: Capital management: credit ratings
Capital management + Standard & Poor’s BBB corporate credit rating for GMT BBB+ credit rating for Goodman+Bonds + Diversified capital structure
Slide 10: Capital management
Capital management 35.7 % 3.1 years 2.5 times $63.4 million loan to value ratio weighted term interest cover raised through across debt ratio DRP facilities
Slide 11: Earnings and distributions
Capital management Earnings and distributions+ 35.7 % 3.1 years 2.5 times $63.4 million loan to value ratio weighted term interest cover raised through across debt ratio DRP facilities
Slide 12: FY12 earnings result
FY12 earnings result + Distributable earnings before tax 8.41 cents per unit + Cash distributions (tax paid) 6.25 cents per unit
Slide 13: FY13 guidance
FY13 guidance + Consistent operating result expected + Cash distributions (tax paid) 6.25 cents per unit
Slide 14: First quarter distribution
First quarter distribution + Cash distribution (tax paid) 1.5625 cents per unit + Payment Date September 2012
Slide 15: Outlook
Outlook + Robust business and strategy + Benefits of global platform + Broader interests of Unitholders represented
Slide 16: Operational review
Operational review+ John Dakin
Slide 17: Business strategy
Business strategy + Invest in modern, high quality assets + Long term investment view + Portfolio of scale + Customer relationships
Slide 18: Operational summary
Operational summary 155,875 96 % 5.4 years $1.6 billion sqm leased in occupancy weighted average high quality FY12 lease term property portfolio
Slide 19: Valuation impacts
Valuation impacts + Premium assets and active management + 1.2% devaluation in FY12 + Improving investor sentiment
Slide 20: Development progress
Development progress+
Slide 21: Development summary
Development summary Proven 500,000+ 49,615 sqm 35,855 sqm sqm developed of new projects of new projects capability since 2004 in FY12 YTD +
Slide 22: Supercheap Auto
Supercheap Auto $24 million total project cost 22
Slide 23: Highbrook Business Park
Highbrook Business Park
Slide 24: Development update
Development update + Recent facilities completed for Plytech, Nalco and Scalzo + New projects underway for Stanley Black & Decker and Panasonic
Slide 25: Perspective of The Crossing at Highbrook
Perspective of The Crossing at Highbrook
Slide 26: Construction progress
Construction progress
Slide 27: Perspective of Building 7 at Central Park
Perspective of Building 7 at Central Park
Slide 28: Christchurch
Christchurch+
Slide 29: Glassworks Industry Park estate plan
Glassworks Industry Park estate plan
Slide 30: Glassworks Industry Park
Glassworks Industry Park
Slide 31: Glassworks Industry Park
Glassworks Industry Park
Slide 32: Solid Energy building
Solid Energy building
Slide 33: Committed to Christchurch
Committed to Christchurch + GMT’s portfolio sustained only superficial damage + Long term investment strategy + Local communities and stakeholders supported
Slide 34: Summary
Summary+
Slide 35: Summary and outlook
Summary and outlook + Active business + Value adding development programme + Consistent operating result expected in FY13
Slide 36: General business
General business The floor is now open for questions
Slide 37: Thank you
Thank you+ Important Notice This presentation has been prepared by Goodman (NZ) Limited as the manager of Goodman Property Trust (“GMT”). The details in this presentation provide general information only. It is not intended as investment or financial advice and must not be relied upon as such. You s
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