Vital Infrastructure Property Trust · TSX:VITL.UN
Vital Infrastructure Property Trust — NorthWest Healthcare Properties Real Estate Investment Trust — Shareholder Meeting (May 2017)
14 slides from Vital Infrastructure Property Trust's shareholder meeting presentation, May 16, 2017
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING May 16, 2017
Slide 2: Presenters
PAUL DALLA LANA CEO BERNARD CROTTY PRESIDENT PETER RIGGIN COO & MD CANADA SHAILEN CHANDE CFO
Slide 3: Core Healthcare Infrastructure in Major Markets
CORE HEALTHCARE INFRASTRUCTURE IN MAJOR MARKETS TORONTO NorthWest Healthcare Properties Real AUCKLAND SÃO PAULO Estate Investment Trust (TSX: NWH.UN) is a specialist healthcare real estate investor that owns a high quality portfolio of medical office and hospital properties located MELBOURNE B E R L
Slide 4: Transformational Growth Continues
TRANSFORMATIONAL GROWTH CONTINUES Canadian Medical Office Building (MOB) Consolidation International growth Strategic International Growth Operational Strength Scalable Platform Defensive Healthcare Assets Internal value creation opportunities 4
Slide 5: Unit Price Performance
UNIT PRICE PERFORMANCE Strong Unit Price Performance: ~20% increase in share price since Jan 01, 2016 (~73% total return) Returns for 2016 and for last twelve months (LTM): • Total return of 41% and 36%, respectively • Share price return of 14.2% and 10.8%, respectively 5
Slide 6: NWH 2016 – Highlights
NWH 2016 – HIGHLIGHTS Business transformation continues 2016: $375M investments Brazil strategic growth Initial GHC investment 2017 YTD: $115M + Guidance achieved ahead of schedule $0.94 normalized AFFO per NAV of $12.55 per unit LTV 48.0% unit Improved capital markets profile 2016 : $535M in
Slide 7: Financial Dashboard
FINANCIAL DASHBOARD GROSS BOOK VALUE NORMALIZED AFFO / UNIT 7x increase since inception 17.5% since inception $3,866m $4,194m $0.94 $2,700m $0.82 $0.92 $572m $0.80 At inception Q4-2015 Q4-2016 Q1-2017 At inception FY2015 FY2016 Q1-2017 NAV LTV +33% growth since inception LTV down 600 bps 11.66 12.55
Slide 8: Operational Dashboard
OPERATIONAL DASHBOARD NUMBER OF PROPERTIES WEIGHTED AVERAGE LEASE EXPIRY 3 x Growth +1.1yr 16 x 16 - Long-term Stability 122 139 142 10.0 11.1 11.2 45 4.0 At inception Q4-2015 Q4-2016 Q1-2017 At inception Q4-2015 Q4-2016 Q1-2017 OCCUPANCY SPNOI GROWTH % International Portfolio above 98% 3 x Growth 9
Slide 9: Portfolio Overview
PORTFOLIO OVERVIEW CANADA GERMANY $4.2BN International Platform Canada / Brazil / Germany / Australia & NZ 22 Medical Office Buildings 463 Tenants 1 Development Site 58 Medical Office Buildings VITAL PROPERTY TRUST 1,114 tenants Toronto Berlin São Paulo New Zealand Listed Entity 39 Properties BRAZIL
Slide 10: Regional Dashboard
REGIONAL DASHBOARD C A N A D A B R A Z I L LEADING MEDICAL STRONG Acquisitions $ 2.2 M OFFICE BUILDING RELATIONSHIPS WITH Acquisitions $ 156.0 M PLATFORM LEADING OPERATORS Dispositions $ 27.8 M Dispositions - Completed developments $ 62.0 M Completed developments - Under development - Under developm
Slide 11: Generation Overview and Offer Summary
GENERATION OVERVIEW AND OFFER SUMMARY Offer summary On April 24, 2017 the REIT launched an all cash bid at A$2.24/unit for remaining GHC units On May 4, 2017 the bid was increased to A$2.30/unit and recommended by GHC Offer is expected to close in the H2 2017 HIGH QUALITY MAJOR Status update M
Slide 12: Global Platform with Regional Capability and Expertise
GLOBAL PLATFORM WITH REGIONAL CAPABILITY AND EXPERTISE REGIONAL OPERATING PLATFORM AND HIGHLY EXPERIENCED MANAGEMENT – COMBINED REIT EXPERTISE AND ALIGNED Leading healthcare real EXECUTIVE estate asset management Paul Dalla Founder of NWH & NWI Gerson Amado platform MANAGEMENT TEAM Lana REITs Ma
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS • Favourable demographics and industry trends Supportive • Aging populations Fundamentals • Rising healthcare expenditures • Defensive core healthcare infrastructure Attractive • Global gateway cities Asset Class • Leading healthcare operators • Significant internal and externa
Slide 14: Questions
QUESTIONS S NORTHWEST HEALTHCARE PROPERTIES
NorthWest Healthcare Properties Real Estate Investment Trust — Shareholder Meeting (May 2017) on 6ix