Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Shareholder Meeting (March 2016)
27 slides from Growthpoint Properties Australia's shareholder meeting presentation, Mar 30, 2016
Slide 1: ASX Announcement: Presentation to the combined AGM and general meeting
LEVEL 10, 379 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA TEL: +61 3 8681 2900 FAX: +61 3 8681 2910 WEB: WWW.GROWTHPOINT.COM.AU 25 November 2010 ASX ANNOUNCEMENT GROWTHPOINT PROPERTIES AUSTRALIA (ASX Code: GOZ) Presentation to the combined AGM and general meeting Pursuant to ASX Listing Rul
Slide 2: Growthpoint Properties Australia Annual General Meeting 25 November 2010
SKM Building, SW1: 32 Cordelia Street, South Brisbane, QLD Outlook for Group to complete Growthpoint Properties Australia (ASX Code:GOZ) Annual General Meeting 25 November 2010 www.growthpoint.com.au 1
Slide 3: Outlook for Group
Woolworths property, Perth Airport, WA Outlook for Group Positive outlook for Group - asset values have stabilised/increasing in some markets. Majority of properties are to be revalued in December 2010 - 100% occupancy, WALE of 9.3 years - no lease expiries FY 2011. Asset management strategies to im
Slide 4: Agenda
Agenda Group Overview & Strategy Presentation Presentation of Annual Report – Trust and Company Voting on Resolutions Close of Meeting 3
Slide 5: Group Overview & Strategy
Caterpillar property, Tullamarine, VIC Group Overview & Strategy Timothy Collyer Managing Director
Slide 6: Group Overview & Strategy Presentation
Group Overview & Strategy Presentation Introduction 6 Results Summary – Distrutable Income 7 ASX Performance – GOZ vs. S&P / ASX 300 A-REIT 8 ASX Performance – GOZ Comparative Total Return 9 Portfolio Overview 10 Tenant Profile 11 Property Acquisitions 12 Strategy 13 Outlook for Group 14 5
Slide 7: Introduction
Introduction Growthpoint Properties Australia (ASX Code: GOZ) is an ASX listed A-REIT that owns 32 quality investment properties located throughout Australia with a book value of approximately $930 million1 Since its restructure in mid 2009, GOZ has: - raised $301 million in equity via 2 successful
Slide 8: Results Summary – Distributable Income
Results Summary – Distributable Income FY 2010 H2 June 2010 H1 December 2009 Item $ million $ million $ million Net property income 59.3 31.0 28.3 Net interest (34.0) (16.2) (17.8) Management fee (0.3) (0.1) (0.2) Fund expenses (2.6) (1.1) (1.5) Distributable income 22.4 13.6 8.8 Distributions paid
Slide 9: ASX Performance – Growthpoint vs. S&P/ASX 300 A-REIT
ASX Performance- Growthpoint vs. S&P / ASX 300 A-REIT 8
Slide 10: ASX Performance – GOZ Comparative Total Return
ASX Performance – GOZ Comparative Total Return 9
Slide 11: Portfolio Overview
Portfolio Overview Sector diversity 30 June 2010 Portfolio value $928.3 million1 Number of properties 32 Occupancy2 100% Weighted average lease expiry 9.3 (years) Weighted average cap rate 8.5% Geographic diversity Typical annual rent reviews 2.5% to 4% p.a. Net lettable area (m²) 777,705 1 Includes
Slide 12: Tenant Profile
Tenant Profile Lease expiry profile Top 10 tenants % Portfolio Tenant WALE1 100.0% leased Woolworths Limited 12.1 48% 81% 80.0% Coles Group Limited 11.6 8% Sinclair Knight Merz 8.3 6% 60.0% Star Track Express 9.0 4% Macmahon Contractors 4.1 3% 40.0% Fletcher Building (Laminex) 2.0 2% Willow Ware Aus
Slide 13: Property Acquisitions
Property Acquisitions Goulburn, NSW Property Portfolio, Brisbane, QLD Portfolio of modern office (2), industrial (4) Description: Modern distribution centre of 42,826 m2 Description: and carpark buildings located in Brisbane Purchase Price: $65.5 million Purchase Price: $171.5 million Purchase compl
Slide 14: Strategy
Strategy Diversify property portfolio over time - office, retail and industrial markets - improve geographic spread of assets - diversify tenancy base Increase asset base and market capitalisation - greater liquidity - more diverse security holder base - potential for future S+P/ASX A-REIT index inc
Slide 15: Outlook for Group
Outlook for Group Positive outlook for Group - asset values have stabilised/increasing in some markets. Majority of properties are to be revalued in December 2010 - 100% occupancy, WALE of 9.3 years - no lease expiries FY 2011. Asset management strategies to implement for FY 2012 expiries - no refin
Slide 16: Combined Annual Report Trust & Company
10 Gassman Drive, Yatala, QLD Combined Annual Report Trust & Company 15
Slide 17: Proposed Resolution – Remuneration Report
Proposed Resolution 1 – Remuneration Report That the Remuneration Report of the Company (which forms part of the directors’ report) for the financial year ended 30 June 2010 be adopted. 16
Slide 18: Proxies Received – Remuneration Report
Proxies Received – Remuneration Report For Against Undirected Abstain Total 178,366,151 443,825 455,109 174,357 179,439,442 17
Slide 19: Voting
Laminex (Fletcher Building) property, Tullamarine VIC Voting
Slide 20: Proposed Resolutions 2 and 3 – Election of Directors
Proposed Resolutions 2 and 3 – Election of Directors That Mr Norbert Sasse, who retires under rule 11.1 (d) of the Company’s constitution and, being eligible, offers himself for election, be elected as a director of the Company; and That Mr Estienne de Klerk, who retires under rule 11.1 (d) of the C
Slide 21: Proxies Received – Election of Directors
Proxies Received - Election of Directors Resolution Director For Against Undirected Abstain Total Norbert 1. 178,854,197 64,693 455,776 64,776 179,439,442 Sasse Estienne 2. 178,608,319 310,471 455,776 64,776 179,439,342 de Klerk 20
Slide 22: Voting
Laminex (Fletcher Building) property, Tullamarine VIC Voting
Slide 23: Close of Meeting
Woolworths property, Perth Airport, WA Close of Meeting Please join the Directors & Management for refreshments Visit the Group’s new website at www.growthpoint.com.au
Slide 24: Chairman's Address
LEVEL 10, 379 COLLINS STREET, MELBOURNE, VICTORIA, 3000, AUSTRALIA TEL: +61 3 8681 2900 FAX: +61 3 8681 2910 WEB: WWW.GROWTHPOINT.COM.AU CHAIRMAN’S ADDRESS Annual General Meeting of Growthpoint Properties Australia Limited Meeting of the unit holders of Growthpoint Properties Australia Trust Thursda
Slide 25: Chairman's Address: distribution guidance and business plan
Ladies and Gentlemen, it gives me great pleasure to be able to report that we achieved our distribution guidance of 14.0 cents per stapled security for the previous financial year. This distribution, coupled with an increase in the security price, enabled the Group to outperform the major indices fo
Slide 26: Chairman's Address: acknowledgements of directors and management
Growthpoint Properties Australia’s property portfolio, prior to its acquisitions, was independently valued at December 2009 and we reported an increase in the value of the portfolio. Finally, I would like to acknowledge the role played by directors and management in our success. First to my fellow d
Slide 27: Item 2 – Remuneration Report
Item 2 – Remuneration Report As this is the first year the Group has had internalised management, this is the first time a remuneration report has been required to be included in the annual report. Security holders are entitled to pass a non-binding resolution for or against this report. The propose
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