Aspen Group Limited · ASX:APZ
Aspen — Emerging Property Leaders Conference March 2006
22 slides from Aspen's conference presentation, Mar 31, 2006
Slide 1: Aspen Group – Emerging Property Leaders Conference March 2006
Slide 2: Disclaimer
This presentation has been prepared by Aspen Group Limited (“Aspen”). This presentation is not an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anything in it shall form the basis of any contrac
Slide 3: Agenda
4. Introduction 2. Overview 3. Financial Highlights 4. Property Portfolio 5. Key Strengths 6. Summary
Slide 4: Established in 2002 in Perth via a backdoor listing
Established in 2002 in Perth via a backdoor listing into the shell of a former DOT.COM. by current executive directors and support of private investors In 4 years Aspen has grown to be a well established Stapled Property Group, with a strong investor base including a number of Australia’s largest in
Slide 5: Half Year to December 2005
Half Year to 31 December 2005 Profit After Tax $7.63m J 154% EPS 6.162cps T 42% DPS 4.5cps FT 8% AUM $517m Go 12% NTA $0.90 Fo 11% Gearing 34% G 44% Market Cap $203m FT 92%
Slide 6: $189m Portfolio of diversified property assets
$189m Portfolio of diversified property assets Property assets characterised by strong income security through high quality tenants and long term leases 5.6 yrs WALE $30.2m co-investment in Aspen funds a Secure income stream underpins distribution. = § funds with $337m GAUM — Aspen Parks ($94m) ~ As
Slide 7: Property Portfolio
Slide 8: Property Portfolio
yperty Portfo Book Value Property Location Sector © Occupancy A$ millions Septimus Roe Square Perth, WA Office 30.2 94% Alcoa Office Complex Booragoon, WA Office 18.3 100% Elders Woolstores Spearwood, WA Industrial 42.8 100% Noble Park Melbourne, VIC Industrial 22.3 100% Rocklea Brisbane, QLD Indust
Slide 9: Portfolio Sector Diversification
Portfolio Sector Diversification December 2005 December 2004 Retail 8% Office 48% Industrial 44% Retail 19% Office 43% Industrial 38% Portfolio Geographic Diversification December 2004 Qid 5% Vic 27% WA 68% December 2005 NSW 2% Qld 24% Vic 24% WA 52%
Slide 10: Aspen's key strengths as a smaller player in the Listed Property Trust market
Aspen’s key strengths as a smaller player in the Listed Property Trust market ¥ Results driven both for listed entity and managed funds ¥ Innovative approach to create new Fund opportunities ¥ Strategic use of balance sheet to establish new opportunities, and incubate opportunities for future funds
Slide 11: Strengths – Distribution growth
—Strengths.-Re Distribution growth driven by: » Acquisition of properties with attractive yields >» Growth in the funds management business >» Organic growth in rents Current annualised distribution of 10.5 cps commencing March quarter Forecast 57% tax deferral 1 CENTS PER SECURITY 14.0 EPS/DPS Grow
Slide 12: Aspen Parks Property Fund
Aspen Parks Property Fund ca Established April 2004 with objective to achieve AUM of $150 million within 5 years Initial portfolio acquired from Fleetwood Corp Current AUM of $94 million with 14 parks Caravan Park Home Resorts: Asset class not readily available to retail investors Parks generally in
Slide 13: cas
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Slide 14: Location of properties owned by Aspen Parks
Exmouly CAPE Monkey Mia DoLPHin RESORT [eoocee Bexc Woopman Point ¢ Location of properties owned by Aspen Parks 14 A ISLAND GATEWAY B WALLAMEA _ TWoro.d Bay am HORSESHOE YARRABY
Slide 15: Aspen Diversified Property Fund
Aspen Diversified Property Fund > Launched April 2005 — objective to achieve AUM $250 million within 5 years Recent acquisition of three properties underwritten by Aspen Group ahead of retail inflows Leverages Aspen’s core commercial property expertise Target properties in the $5 — $30 million range
Slide 16: We
We 8
Slide 17: Aspen Diversified Property Fund
Aspen Diversified Property Fund Sector Diversification Geographic Diversification Asset State Asset Book Value Type Abernethy Park WA Office $11.0M Champion Drive WA Retail $8.4M Shopping Centre Riseley Corporate WA Office $7.8M Centre Midland Cinema WA Retail $6.6M Complex Cardno BSD Centre WA Offi
Slide 18: Dunsborough Lakes golf course estate
Established to acquire the 230ha Dunsborough Lakes golf course estate for $93.7M from in off market transaction Equity of $40M to be raised from institutional/sophisticated investors 85% complete Aspen hold 20% equity and acts as Project Manager Scale and expected 12.5yr life of the project provides
Slide 19: Busselton and Dunsborough as new coastal cities
“,.and Busselton (including Dunsborough) on the south west cape of WA epitomise ascendant new coastal cities” Bernard Salt, The Big Shift, 2004 19
Slide 20: Management team
Stuart Price Head of Property (Perth) Stuart Martin Head of Property (Sydney) Brendan Acott Project Manager Corey Johnson Asset/ Leasing Manager Reg Gillard Angelo Dei Borrello Gavin Hawkins Andrew Martin Seng Fai Chan Terry Budge Non-executive Chairman Managing Director Director Finance Non-executi
Slide 21: Listed property fund manager with assets under management in excess of $500m
Listed property fund manager with assets under management in excess of $500m Established track record in EPU and DPU growth Secure income and organic growth from balance sheet assets Exponential, non-dilutive growth from funds management Creating wealth through in-house strengths: ¥ Results driven v
Slide 22: Contact details
Level 8 Level 5 256 Adelaide Terrace 33 York Street PERTH WA 6000 SYDNEY NSW 2000 PH: +61 8 9220 8400 PH: +61 2 8916 6700 www.aspengroup.com.au Creating wealth through intelligent property ownership 22
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