Dexus · ASX:DXS
Dexus — 2017 Macquarie Australia Conference
13 slides from Dexus's conference presentation, May 2, 2017
Slide 1: Dexus ASX release: 2017 Macquarie Australia Conference
Dexus (ASX:DXS) ASX release 2 May 2017 2017 Macquarie Australia Conference Dexus today releases the attached presentation to be presented at the 2017 Macquarie Australia Conference, which is being held at The Sheraton on the Park, 161 Elizabeth Street, Sydney. For further information please contact:
Slide 2: Macquarie Australia Conference Agenda
Macquarie Australia Conference 2 May 2017 1 Macquarie Australia Conference 2017 Agenda – Portfolio update – March 2017 – The evolving workspace environment – FY17 outlook Dexus Place, One Farrer Place, Sydney, NSW. 2 Macquarie Australia Conference 2017 1
Slide 3: Dexus overview
Dexus overview – Proxy for Australian office – overweight Sydney – Outperforming and growing Funds Management business – $4.5 billion Group pipeline of development/value enhancement opportunities – Strong balance sheet with gearing of 26.5% – Market cap of circa $10 billion – Current distribution yi
Slide 4: Portfolio update – March 2017: Office
Portfolio update – March 2017 Office: Sydney and Melbourne most active office markets 42,295sqm Leased 96.7% $9.2 billion1 Occupancy (by income) Office portfolio 17% 12.5% Average incentives 7% 62% 4.7 years 11% Weighted average lease expiry (WALE) 1. As at 31 December 2016. 5 Macquarie Australia Co
Slide 5: Portfolio update – Industrial and development
Portfolio update – March 2017 Industrial: maintained positive leasing momentum 148,792sqm Leased $1.8 billion1 95.7% Occupancy (by income) Industrial portfolio 5% 14.6% Average incentives 2% 58% 36% 4.8 years Weighted average lease expiry (WALE) 1. As at 31 December 2016. 7 Macquarie Australia Confe
Slide 6: The evolving workspace environment
Portfolio update – March 2017 Development: activating new industrial developments – Secured six industrial customers from health, logistics, retail, manufacturing and automotive industries across 72,000sqm Quarrywest at Greystanes Dexus Industrial Estate, Laverton North 9 Macquarie Australia Confere
Slide 7: The business environment is rapidly evolving
The business environment is rapidly evolving Past Business environment Future Millennial & Centennials Connected Standalone businesses & Collaborative and socially conscious business individuals High value on experiences “A set place “Services & for a set resources – when & period of time” Work & pe
Slide 8: Millennials and technology: implications for Dexus and its customers
Millennials – the next generation of leaders Expect to have left their current Report high job satisfaction where employer within 2 years culture is creative and inclusive Would like to have greater ability Good work life balance is the most to work flexibly important factor in evaluating job opport
Slide 9: Evolution of how customers use space and our product
Evidenced in the evolution of “how” customers use space… 1980’s 1990’s 2000’s 2010 + Individual offices Open plan Activity based working Flexible workspace Computers eliminated Cost savings and greater Multiple environments Mobile workforce enabled need for central filing collaboration within worksp
Slide 10: Services we are investing in; Australia a top global workplace destination
…as are the services we are investing in Attracting new customers Retaining existing customers Direct sales Dexus Place Concierge Community capability services portals Customer databases Simplified lease Childspace Health and & analytics documentation Wellbeing 17 Macquarie Australia Conference 2017
Slide 11: International companies are driving incremental demand
International companies are driving incremental demand Reasons why Australia is attractive Recent international market entrants Highly transparent Growing economy Proximity to Asia Highly skilled workforce Source: JLL, Australian Trade & Investment Commission, ABS. 19 Macquarie Australia Conference
Slide 12: FY17 outlook
…and will support long term value creation and further evolution of spaces within the Dexus portfolio Australia’s population is expected to grow by ~6 million people by 2030 The majority of this growth will occur in the four major cities 201 Elizabeth Street, Sydney1 Waterfront Place precinct, Brisb
Slide 13: Important information
Important information – This presentation is issued by Dexus Funds Management Limited (DXFM) in its capacity as responsible entity of Dexus (ASX:DXS). It is not an offer of securities for subscription or sale and is not financial product advice. – Information in this presentation including, without