Emirates Reit (ceic) Plc · NASDAQDUBAI:REIT
Emirates Reit (ceic) — Shareholder Meeting (June 2017)
30 slides from Emirates Reit (ceic)'s shareholder meeting presentation, Jun 14, 2017
Slide 1: Annual General Meeting
annual general meeting wednesday 14th june 2017
Slide 2: Disclaimer
disclaimer This presentation has been prepared by Emirates REIT Management (Private) Limited as the Manager of Emirates REIT (CEIC) Limited. Whilst every care has been taken in relation to the acc no warranty is given or implied. The information provided is not investment advice and recipients shoul
Slide 3: Agenda
agenda portfolio highlights financials questions and answers resolutions
Slide 4: Portfolio Highlights
portfolio highlights
Slide 5: Portfolio Highlights
portfolio highlights portfolio value AED2.8 bn USD 763.5mn net asset value AED 1.64 bn USD 492.0 mn
Slide 6: Portfolio Overview
PORTFOLIO OVERVIEW au Emirates REIT WAULT Lease expiries 31-Mar-17 31-Mar-16 | 8.2 years 76% Number of 8.0 years ‘ 9 8 properties 6.8 years Leasable area in ft? 1.97m 1.785m pela 4.1 years WAULT in years 8.0 6.4 2.7 years 4% 8% 5% 5% Ay Total occupancy rate 81% 78% Ce 0.0 year 2017 2018 2019 2020 20
Slide 7: Portfolio Highlights: Annualized Rent Contribution
portfolio highlights annualized rent contribution As at 31 March 2017
Slide 8: Operational Update
OPERATIONAL UPDATE 5 i)) \|)) mh al os oBCCS | | | | | 3, pad TULN Tuu tHe tote Index Tower Index Mall Sept 2017 Office Leases 1H 2017 Expect delivery on time & budget 20 New Tenants Appointed contractor for remodeling & fit out NT
Slide 9: BCCS Development
bccs development
Slide 10: Financials
financials
Slide 11: Strong property income growth
Strong property income growth
Slide 12: Strong FFO Growth
STRONG FFO GROWTH # cS FFO (USD m) Emirates REIT +907 4.2 3.6 2.8 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
Slide 13: Strong rental income conversion to FFO
Strong rental income conversion to ffo
Slide 14: Dividend increase trigger
Dividend increase trigger ILLUSTRATI VE
Slide 15: Portfolio Highlights: Annualized Rent Contribution
portfolio highlights annualized rent contribution As at 31 March 2017
Slide 16: Balance Sheet Overview
BALANCE SHEET OVERVIEW cs cS Emirates REIT USD 825.7 USD 825.7 In USD million 31-Mar-17 31-Mar-16 Change INVESTMENT PROPERTY 763.5 692.2 10.3% TOTAL ASSETS 825.7 737.8 11.9% EQUITY 490.5 471.9 4.0% fe LIABILITIES 335.2 265.9 26.0% 763.5 ISLAMIC FINANCING 308.8 251.6 22.7% Investment Property 490.5 N
Slide 17: Summary
SUMMARY it Emirates REIT 2011 2012 2013 2014 2015 2016 grostet 046% +10.94% +25.00% +10.33% +14.23% +10.18% $764m USD 763.5m 1.97m sqft as 5 Solshere, $700m Portfolio Value Net Leasable Area $1.55/share 367] $1.50/share ‘$600m Ly $1.45/share USD 490.5m 81.2% a son A0/share Net Asset Value Occupancy
Slide 18: Questions & Answers
questions & answers
Slide 19: Resolutions
resolutions
Slide 20: Resolution 1 - Special
Resolution 1 - special To approve the revised Articles of Association of the REIT to reflect the change of name and address of Equitativa (Dubai) Limited. Article 5.2 shall be amended to: “The Fund Manager of the Company at the time of adoption of these Articles is Emirates REIT Management (Private)
Slide 21: Resolution 2 - Ordinary
Resolution 2 - ordinary To receive and approve the annual report and the accounts of the REIT for the year ended 31 December 2016 together with the director's report and auditor's report on those accounts.
Slide 22: Resolution 3 - Ordinary
Resolution 3 - ordinary To approve the declaration of a dividend of USD 0.04 per ordinary share, an aggregate of USD 11.98 million, for the financial year ending 31 December 2016, such dividend to be paid on or before 30 June 2017 to shareholders on the register as of 8 June 2017.
Slide 23: Resolution 4 - Ordinary
Resolution 4 - ordinary Subject to the provisions of the REIT Regulations, the Board may, at its discretion, pay interim dividends to the shareholders, if the REIT has sufficient retained earnings and is able to pay its debts as they become due immediately after any such dividend is paid.
Slide 24: Resolution 5 - Ordinary
Resolution 5 - ordinary To authorise the REIT Manager on behalf of the REIT to enter into Related Party Transactions for the acquisition or sale of Real Property in the United Arab Emirates pursuant to the DFSA CIR Rule 13.4.11A and 8.3.2 without obtaining specific approval from the shareholders of
Slide 25: Resolution 6 - Ordinary
Resolution 6 - ordinary To authorize the REIT to make one or more market purchases of its ordinary shares, provided, that: i. the number of ordinary shares which may be purchased in any given period and the price which may be paid for such ordinary shares be in accordance with the rules of the Dubai
Slide 26: Resolution 7 - Ordinary
Resolution 7 - ordinary To extend the appointment of Mr Abdullah Al Hashemi, Mr Marwan bin Ghulaita, and Mr David Savy, each an existing member of the Investment Board, until the conclusion of the next Annual General Meeting of the REIT.
Slide 27: Resolution 8 - Ordinary
Resolution 8 - ordinary To extend the appointment of Dr Mohamed Abdul Hakim Zoeir, Mr Mian Muhammad Nazir, and Mr Fazal Rahim, each an existing member of the Shari'a Supervisory Board, until the conclusion of the next Annual General Meeting of the REIT, or until any other such term determined by the
Slide 28: Resolution 9 - Ordinary
Resolution 9 - ordinary To approve for the Board of the REIT to appoint the Shari’a Supervisory Board members in accordance with Article 35(2) of the DIFC Collective Investment Law, without obtaining specific approval from the shareholders of the REIT, provided that: i. the appointed Shari’a Supervi
Slide 29: Resolution 10 - Special
Resolution 10 - special To approve the revised Articles of Association of the REIT to reflect that the Shari’a Supervisory Board shall be appointed by the Board of the REIT. Article 116.1 shall be amended to:“The Company Board shall appoint a Shari’a Supervisory Board and shall enter into agreements
Slide 30: Resolution 11 - Ordinary
Resolution 11 - ordinary To re-appoint PricewaterhouseCoopers (Dubai Branch) as the auditor of the REIT to hold office until the conclusion of the next Annual General Meeting of the REIT at which time the accounts for the financial year ending 31 December 2017 will be provided to the shareholders of
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