Mirvac Group · ASX:MGR
Mirvac — Debt Investor Presentation (October 2003)
29 slides from Mirvac's debt investor presentation, Oct 7, 2003
Slide 1: CMBS III Presentation
_ La oe _ : : oo mn ee ne a i Ee - - - if _ a _ — _ - _ Cs =——rs—eE rr —=Eeee LL q sa i, Westpac five 7) »t Beryl 2pae f » Investment Bank Institutional Bank | w HIVESTMENT DANK COO . — _ 2 2c une ( .
Slide 2: Agenda
Slide 3: ie ee
ee ie ee se or ei. SOE Coe ee es Se He Se ae Gee coe
Slide 4: Transaction Summary
Slide 5: eee
eee eae HG SS OU Nag Sa VERS NGG ACERS : ee ore ne Comin Gs ee ie ee Sianeli CON ene EN
Slide 6: Mirvac Overview
Slide 7: Mirvac Group
‘Mirvac Group — Revenue Net Profit After Tax Net Assets
Slide 8: Debt and gearing
Debt So A z Gearing “Net Profit: Wa A Percentage of Total
Slide 9: Size of combined Mirvac Property Trust and Commercial Trust portfolio
Size of combined: Mirvac Property Trust and Mirvac: Commercial Trust portfo 9§ at June-éach year.
Slide 10: eae
eae oe foe ae oo Coa a cae (ieee om mone Es ear Le oe ee a a
Slide 11: Property market update: office markets
Sydney CBD North Sydney Parramatta St Kilda Road — Southbank
Slide 12: oe one é
ae aa ee oe one é Ao eee Oe eee ee ee foo (oe ee Oe
Slide 13: Transaction Details: Class Notes
SS aston 000. 000 AAA- iase Noe S = SO AA- Class 2 Notes; and
Slide 14: Series 2003-1 portfolio
‘Andis MIRVAC Weighted Average Lease > Matur y exceeds 5 5. 7 —
Slide 15: Series 2003-1: LVR, DSCR and max debt
MIRVAC LVR DSCR* Max Debt * refinance constant of 9.5%
Slide 16: Series 2003-1: Diversification
- Series 2003-1: 5 Year Notes (con D Diversification by Value Sector Diversification - Geographic Diversification ve Retail Industrial: 10% 12% Carpark 6% Office
Slide 17: Lease Expiry Profile
Lease Expiry Pr Lo | Verenoy FY 0004 FY 0405 Fy USN) yt Y O7/D8 | Ry, OBIO8!| FY 09)
Slide 18: Series 2003-1 Notes terms
* Rated 7 Standard & Poors — . e Scheduled Maun 2 years from the Koc Date A October 2005 ES aN eS rr
Slide 19: Series 2003-2
‘Andis MIRVAC
Slide 20: Series 2003-2: Valuation, LVR, DSCR
MIRVAC | Valuation | $227.6m | _ LVR DSCR* DAK Max Debt | $88.0m_ * refinance constant of 9.5%
Slide 21: Diversification by Value
Diversification by Value Sector Diversification Geograph Office 44% Retail 56%
Slide 22: fe oul
fe oul : - 7 | | a 2 _ : a / . it yaa
Slide 23: eee
s eee GE Ss € Be lee ee oe
Slide 24: Structural features: payment support
to support payments due by the ~_|ssuer under the Notes as well as RS «DSCR
Slide 25: Structural features: expenditure and loss of rent
and forlossofrentaldueto +Capital © —_—_—‘The Responsible Entity is required to Expenditure undertake repairs and maintenance —__
Slide 26: Security Properties
Security | 7 Properties —
Slide 27: Transaction structure diagram
MIRVAC | Liquidity Facility : Provider J SSSEESS Swap Class 1 Notes Class 3 Notes ass Security Trustee <——_____ Issuer Agreement ans <8 | Treasury No 2 and No 3 Treasury No 2 Loan Note Subscription And No 3 Charge: Debenture {q Borrower — Trustee Securities and — =|: Class 1 Debentures, Guarantee Cl
Slide 28: ene S ee
oS ene 2 S ee ir er ee See ae i. eae ons
Slide 29: Timetable
Mirvac Group — Debt Investor Presentation (October 2003) on 6ix