Waypoint Reit Ltd. · ASX:WPR
Waypoint Reit — Shareholder Meeting (May 2025)
24 slides from Waypoint Reit's shareholder meeting presentation, May 12, 2025
Slide 1: ASX Release: 2025 Annual General Meeting
ASX Release 12 May 2025 Company Announcements Australian Securities Exchange Limited Electronic lodgment For personal use only Dear Sir/Madam 2025 Annual General Meeting The following documents are authorised for release by the Board of Waypoint REIT and will be presented at Waypoint REIT’s Annual G
Slide 2: Chair and Managing Director & CEO Address
ASX Release 12 May 2025 Chair and Managing Director & CEO Address - Annual General Meeting 2025 The Notice of Meeting was distributed on 10 April 2025 and will be taken as read. The formal part of the For personal use only Meeting comprises the presentation of the Financial Report, Directors’ Report
Slide 3: Chair address continued: balance sheet and Viva Energy
Rising interest rates continued to put pressure of real estate capitalisation rates in 2024, with the weighted average cap rate of Waypoint REIT’s portfolio increasing by four basis points during the year. Despite this increase in weighted average cap rate, the value of Waypoint REIT’s portfolio inc
Slide 4: CEO address: OTR conversion program
Viva provided an update on the OTR conversion program in its recent quarterly operating report, noting that most of the conversions to be completed in 2025 will be relatively minor in scope and will be funded by Viva at an average cost of $1.5 million per store. Viva also noted that negotiations wit
Slide 5: Annual General Meeting May 2025
Annual General Meeting For personal use only 12 May 2025 – 10:00am Georgina Lynch – Independent Non-Executive Chair Hadyn Stephens – Managing Director and CEO
Slide 6: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Waypoint REIT (“WPR” or Industry data and third party market data the inherent regulatory risks in the business of WPR such forward looking “Waypoint REIT”) which is a stapled entity comprising shares in Waypoint This presentatio
Slide 7: Voting online
Voting online For personal use only Lodging your votes Click “Get a Voting Card” (top and bottom of platform) Enter your Holder Number and Postcode or your Proxy Number Click “Submit Details and Vote” Fill out your voting card for each item of business Click “Submit Vote” 3
Slide 8: Asking questions online
Asking questions online For personal use only Asking questions Only Shareholders and Proxyholders are able to ask questions Click on “Ask a Question” Select “General Business” or a specific resolution Type in your question and click “Submit” Comments on resolutions can also be submitted through “Ask
Slide 9: Asking questions by web-phone
Asking questions by web-phone For personal use only Asking questions Only Shareholders and Proxyholders are able to ask questions Click on “Ask a Question” Select “Go to Web-phone” Click on the green phone button You will now be connected to the meeting. Press *1 to ask a Important when using Web-Ph
Slide 10: Agenda
For personal use only Agenda 1. Chair’s Address 7 2. Business Update 9 3. Formal Business 11 4. Closing Remarks 19 6 Image: Caltex Findon (SA)
Slide 11: Chair's Address
For personal use only g Director Chair’s Address Georgina Lynch Independent Non-Executive Chair 7 Image: OTR Hope Valley (SA)
Slide 12: FY24 Overview
FY24 Overview Distributable EPS2 5-year CAGR: 2.54% For personal use only DEPS: 16.48 cents NTA: $2.76 per security 16.48c 16.48c 16.48c 15.81c In line with guidance $0.03 (1.1%) since Dec-23 15.15c 14.54c Portfolio value: $2.80bn Portfolio WACR: 5.72% 401 assets 1 , 99.9% occupancy, 7.1-yr W ALE
Slide 13: Business Update
For personal use only g Director Business Update Hadyn Stephens Managing Director and CEO 9 Image: OTR Kingsford (NSW)
Slide 14: Business Update
Business Update • Viva Energy Australia on track to open between 40 and 60 OTR format stores in 2025 (mix of conversions and new stores) OTR For personal use only • Most 2025 conversions to be ‘remodels’ (within existing roofline) and concentrated in NSW; average capex of $1.5 million to be funded b
Slide 15: Formal Business
For personal use only g Director Formal Business Georgina Lynch Independent Non-Executive Chair 11 Image: OTR Hope Valley (SA)
Slide 16: Financial Report, Directors' Report and Auditor's Report
Item 1 Financial Report, Directors’ Report and Auditor’s Report To receive and consider the Financial Report of the Company and its controlled entities and the Reports of the Directors and For personal use only Auditor for the year ended 31 December 2024. There is no vote for this item. 12
Slide 17: Adoption of Remuneration Report
Item 2 Adoption of Remuneration Report To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: For personal use only ‘That the Remuneration Report for the year ended 31 December 2024 be adopted.’ Note: The vote on this resolution is advisory only and
Slide 18: Re-election of Susan MacDonald as a Director
Item 3 Re-election of Susan MacDonald as a Director To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: For personal use only ‘That Susan MacDonald, being eligible, be elected as a Director of the Company.’ FOR AGAINST OPEN1 ABSTAIN2 420,944,955 1
Slide 19: Election of Gai McGrath as a Director
Item 4 Election of Gai McGrath as a Director To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: For personal use only ‘That Gai McGrath, being eligible, be elected as a Director of the Company.’ FOR AGAINST OPEN1 ABSTAIN2 408,219,508 25,314,261 6
Slide 20: Grant of performance rights to the Managing Director and CEO
Item 5 Grant of performance rights and restricted securities rights to the Managing Director and CEO, Hadyn Stephens To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company and the Trust: For personal use only ‘That approval be given for the grant of p
Slide 21: Amendments to the Company Constitution
Item 6 Amendments to the Company Constitution To consider and, if thought fit, pass the following as a special resolution of the Company: For personal use only ‘That the Constitution of the Company be amended to re-insert the proportional takeover approval provisions in rule 16 of the document table
Slide 22: Amendments to the Trust Constitution
Item 7 Amendments to the Trust Constitution To consider and, if thought fit, pass the following as a special resolution of the Trust: For personal use only ‘That the Constitution of the Trust be amended to re-insert the proportional takeover approval provisions in clause 17 of the document tabled at
Slide 23: Closing Remarks
For personal use only g Director Closing Remarks Georgina Lynch Independent Chair 19 Image: OTR Strathfield (NSW)
Slide 24: For personal use only
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