Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (October 2010)
18 slides from Goodman's shareholder meeting presentation, Oct 29, 2010
Slide 1: ASX cover letter: Chairman's presentation for EGMs
29 October 2010 For personal use only The Manager Company Notices Section ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir GOODMAN GROUP (“GOODMAN”) EXTRAORDINARY GENERAL MEETINGS – CHAIRMAN’S PRESENTATION Please find attached the Chairman’s presentation for Goodman’s Extraordin
Slide 2: Extraordinary General Meetings Chairman's Presentation
For personal use only Goodman Group Extraordinary General Meetings Chairman’s Presentation 29 October 2010 1
Slide 3: Directors and Executives
Directors and Executives For personal use only Mr Ian Ferrier Mr Phil Pryke Independent Chairman Independent Director Mr Gregory Goodman Mr John Harkness (Apology) Group Chief Executive Officer Independent Director Ms Anne Keating Mr Patrick Goodman (Apology) Independent Director Non Executive Direc
Slide 4: Agenda
Agenda For personal use only + Chairman’s Address + Formal Business + Q&A 3
Slide 5: Executive summary
Executive summary For personal use only + Goodman Group is proposing to acquire a substantial 294 hectare airport and business park in Melbourne’s inner south-east from Goodman Holdings¹ for $201.5 million - Strategic to Goodman Group’s Melbourne operations comprising - $91.6 million income-producin
Slide 6: Executive summary: governance measures
Executive summary For personal use only + Transaction subject to the following stringent governance measures – Reviewed and recommended by a sub-committee of the Goodman Group Board, comprised of Independent Directors – Purchase price supported by an independent valuation by CB Richard Ellis – Appoi
Slide 7: Goodman Melbourne strategy
Goodman Melbourne strategy For personal use only + Goodman’s strategy in Melbourne is to focus on the Western market (larger pre-commit warehouses) and the Inner South East market (small to medium sized users in business park environment) and the infill location of Port Melbourne. Clayton Business P
Slide 8: The Property
The Property For personal use only + Located 21 kilometres from the Melbourne CBD 1998 2010 + Substantial 294 hectare business park and airport in Melbourne’s inner south-east + 123 hectares of prime business park space plus the Moorabbin Airport, being - 50 hectares of industrial and retail land ha
Slide 9: Masterplan
Masterplan For personal use only + An important and valuable asset in the economic and transport infrastructure of Victoria. + 99 year¹ leasehold interest (87 years remaining) from the Commonwealth Government. + Latest Masterplan approved in July 2010 for next five years. + Commitment to work closel
Slide 10: Proposed Airport Management Terms
Proposed Airport Management Terms For personal use only AIRPORT MANAGEMENT AGREEMENT TERMS Airport Management Goodman Holdings is to be retained as Airport Operator to manage the aviation components including Agreement airport operations and associated aviation leases. Term 10 year term, breakable a
Slide 11: Activity since August announcement
Activity since August announcement For personal use only Major Pre Committed Development + Goodman Holdings has signed terms with a major blue chip customer for a proposed pre committed development of almost 14 500sqm at Moorabbin Airport and business park.¹ + The proposed new development, will cons
Slide 12: Board Reasons to Support the transaction
Board Reasons to Support the transaction For personal use only 1. In line with Goodman Group’s business strategy The proposed acquisition is in line with Goodman Group’s business strategy to own, develop and manage business space in prime locations. 2. In line with Goodman Group’s Melbourne strategy
Slide 13: Board Reasons to Support the transaction (cont)
Board Reasons to Support the transaction (cont) For personal use only 4. Has a favourable financial impact – The proposed transaction has a favourable financial impact for the Group, providing: – EPS on the issue of each new ordinary Security issued at the upper end of FY11 guidance of 5.3 to – 5.5
Slide 14: Formal Business
For personal use only Formal Business+ 13
Slide 15: Resolution
Resolution 1 For personal use only + Ordinary Resolution to approve the Moorabbin Proposal under the Listing Rules “ That approval is given for the Moorabbin Proposal, including the issue of 225 384 615 Stapled Securities to the Vendors at an issue price of 65 cents each as part consideration for th
Slide 16: Resolution 1 Discussion
For personal use only Resolution 1+ Discussion 15
Slide 17: Important notice and disclaimer
Important notice and disclaimer For personal use only + This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL Number 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839)). It
Slide 18: Thank you
For personal use only thank+you 17