Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — Shareholder Meeting (May 2022)
17 slides from Irish Residential Properties Reit's shareholder meeting presentation, May 19, 2022
Slide 1: AGM Presentation
Building Communities & Creating Value AGM Presentation Irish Residential Properties REIT plc 19th May 2022 Project Merrion | Dublin 4
Slide 2: Unique full operating platform in the Irish market
INTRODUCTION Unique full operating platform in the Irish market Investment and Sustainable Family friendly urban Good public Educational & social capital allocation Sustainability employment locations transportation links infrastructure strategy opportunities Investment in Fully integrated Professio
Slide 3: Contents
Elmpark Green | Dublin 4 Contents 1. Financial Highlights 2. Sustainable Business 3. Delivering on our Growth Strategy 4. Summary IRES REIT plc | AGM Presentation | May 2022 3
Slide 4: Resilient business with growing value and returns for our shareholders
FINANCIAL HIGHLIGHTS AS AT 31 DECEMBER 2021 Resilience business with growing value and returns for our shareholders 20.2% 6.7% 0.7% €79.7m 98.3% 98.4% 99.1% €74.7m €62.1m 8.6% 3.57% Total Annual Return Dividend Yield (FY2021) (FY2021) 2019 2020 2021 2019 2020 2021 Interim Final 5.97 5.99 5.60
Slide 5: Strong balance sheet, with significant liquidity
FINANCIAL HIGHLIGHTS AS AT 31 DECEMBER 2021 Strong balance sheet, with significant liquidity 8.2% 1.5% €1,493.4 39.9% 40.7% €1,359.2 €1,380.4 39.2% Weighted average cost of debt of 2.3% c.30% fixed providing a hedge against increases in interest rates Weighted average facility maturity 5.2 yea
Slide 6: Contents
Contents 1. Financial Highlights 2. Sustainable Business 3. Delivering on our Growth Strategy 4. Summary IRES REIT plc | AGM Presentation | May 2022 6
Slide 7: Modern portfolio with strong operating metrics
SUSTAINABLE BUSINESS Young modern portfolio, average age of 12 years2 Modern portfolio with strong operating metrics 4% 12% 6% 5% <2 3,915 100% 94% 7% 2 to 4 5 to 7 Age 6% Portfolio 8 to 10 High-quality Renewable energy 11 to 13 homes across 37 for common areas2 A-C BER2 14 to 16 properties1 60% 17
Slide 8: ESG Key Priorities
SUSTAINABLE BUSINESS ESG Key Priorities ▪ Board commitment to Net Zero 2021 ▪ Regular engagement with key stakeholders ▪ Materiality matrix identifying key priorities for our sustainability strategy as well as the impact on our business success 2022 ▪ Currently working on science-based target settin
Slide 9: Placing people at the heart of our business
SUSTAINABLE BUSINESS Placing people at the heart of our business Tenant Engagement ▪ Annual resident survey completed 43% 22.5 ▪ Recycling and waste Tallaght University Hospital management programmes Female Average hours of Space leased to Tallaght University Hospital ▪ Energy efficiency awareness p
Slide 10: Contents
Bakers Yard | Dublin 1 Contents 1. Financial Highlights 2. Sustainable Business 3. Delivering on our Growth Strategy 4. Summary IRES REIT plc | AGM Presentation | May 2022 10
Slide 11: 1,500+ homes added to the portfolio in five years
DELIVERING ON OUR GROWTH STRATEGY 1,500+ homes added to the portfolio in five years Disciplined capital allocation policy to generate value and FUTURE PIPELINE growing dividends for Pipeline for growth of c.22% shareholders 6% Phoenix Park Acquired 146 homes in 2021 at 5.3% gross yield +56% ACQUIS
Slide 12: Portfolio growth of c.6% by June 2022
DELIVERING ON OUR GROWTH STRATEGY Portfolio growth of c.6% by June 2022 Ashbrook, Clontarf Project Merrion, Dublin 4 Bakers Yard, Dublin 1 Acquisition and forward purchase of 152 69 homes due for delivery in June 2022 61 homes due for delivery in June 2022 homes – delivery in two phases1 5.1% gross
Slide 13: Contents
Phoenix Park Racecourse| Dublin 15 Contents 1. Financial Highlights 2. Sustainable Business 3. Delivering on our Growth Strategy 4. Summary IRES REIT plc | AGM Presentation | May 2022 13
Slide 14: Resilient business with strong balance sheet and growing returns for shareholders
SUMMARY Resilient business with strong balance sheet and growing returns for shareholders Strong fundamentals in the Irish Macro factors Business resilient and well positioned multifamily sector… ▪ Inflation pressure, affordability & cost of ▪ Growing young population ▪ Strong track record & proven
Slide 15: Thank you! Q&A
SUMMARY Thank you! Q&A IRES REIT plc | AGM Presentation | May 2022 15
Slide 16: Disclaimer
DISCLAIMER Cautionary Statements liability whatsoever (in negligence or otherwise, whether reasonableness of, and no reliance should be placed on, This presentation has been prepared by Irish Residential direct or indirect, in contract, tort or otherwise) for any loss such forward-looking statements
Slide 17: South Dock House, Hanover Quay
South Dock House Hanover Quay DO2 XW94 Ireland www.investorrelations.iresreit.ie IRES REIT plc | AGM Presentation | May 2022 17
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