Charter Hall Group · ASX:CHC
Charter Hall — Shareholder Meeting (November 2024)
32 slides from Charter Hall's shareholder meeting presentation, Nov 20, 2024
Slide 1: Charter Hall Group 2024 Annual General Meeting
For personal use only Charter Hall Group 2024 Annual General Meeting ASX:CHC Charter Hall Group 2024 Annual General Meeting
Slide 2: Agenda
Agenda For personal use only 1. Independent Chair’s Address: David Clarke 2. Managing Director’s Address: David Harrison 3. Questions 4. Formal Business 5. Questions Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our r
Slide 3: Independent Chair's Address: David Clarke
1 For personal use only Independent Chair’s Address: David Clarke 60 King William Street Adelaide (CPOF) Charter Hall Group 2024 Annual General Meeting 3
Slide 4: Board of Directors
Chair’s Address Board of Directors For personal use only David Clarke Chair David Ross Karen Moses David Harrison Jacqueline Chow FAICD Stephen Conry AM Karen Penrose Greg Paramor AO Independent Independent Managing Director & Independent Independent Independent Independent Non-Executive Non-Executi
Slide 5: Operating earnings and distributions growth
Chair’s Address Operating earnings growth Operating earnings and distributions growth DPS (cash paid) For personal use only DPS (grossed up)1 - Strength of underlying retained earnings driving OEPS (post-tax) fund creation and growth - Cumulative retained earnings of $1.2bn since 115.6cps FY14 fundi
Slide 6: ESG Leadership
Chair’s Address ESG Leadership Achievements in FY24 Looking Forward Net Zero by 2025 Clean energy Circular economy Scope 3 emissions Environment For personal use only Achieved >70% reduction in Scope 1 and >80% renewable electricity supplied Achieved more than 5% improvement in Partner with tenant c
Slide 7: Managing Director's Address: David Harrison
2 For personal use only Managing Director’s Address: David Harrison Eastgate, Bondi Junction (CQR) Charter Hall Group 2024 Annual General Meeting 7
Slide 8: Group highlights
Managing Director’s Address Group highlights1 Group Returns Property Investments Funds Management Investment Capacity For personal use only Operating earnings Property Investment portfolio Group FUM4 Group investment capacity2 $359 million $2.8bn $80.9bn $6.6bn Balance sheet OEPS Property Investment
Slide 9: Diversified tenant customers
Managing Director’s Address Diversified tenant customers The top 20 tenants are represented by Government, multinationals and listed companies – The top 20 tenants represent 55% of property platform income with a WALE of 9.3 years For personal use only – 23% of platform leases are NNN and 22% of pla
Slide 10: Modern, high-occupancy Industrial & Logistics portfolio
Managing Director’s Address Modern, high-occupancy Industrial & Logistics portfolio Strong leasing momentum with 689,129 sqm leased across 61 transactions – 11.4 year WALE achieved on all transactions nationally For personal use only – 99.3% Industrial & Logistics portfolio occupancy versus national
Slide 11: Modern, high-occupancy Office platform
Managing Director’s Address Modern, high-occupancy Office platform Strong leasing momentum with 320,347 sqm leased1 across 237 transactions – 6.4 year WALE achieved on all transactions nationally For personal use only – 96.0% office portfolio occupancy versus national average of 84.0%2 – CPOF contin
Slide 12: Modern, high-occupancy Retail platform
Managing Director’s Address Modern, high-occupancy Retail platform Strong leasing momentum with 65,852 sqm leased across 356 transactions Shopping Centre Retail Net Lease Retail For personal use only – 10.3 year WALE achieved on all transactions nationally1 – 11.6 year WALE across our Net Lease Reta
Slide 13: Equity inflows
Managing Director’s Address Equity inflows ($m) FY21 FY22 FY23 FY24 For personal use only - Diverse sources of equity across Wholesale, Listed and Direct Wholesale pooled funds 2,111 1,575 817 305 - Wholesale flows weighted towards partnerships Wholesale partnerships 1,448 1,137 1,432 1,140 - ~100 w
Slide 14: FY25 operating earnings guidance
Managing Director’s Address FY25 operating earnings guidance Based on no material change in current market conditions, FY25 guidance is for post-tax For personal use only operating earnings per security of approximately 79 cents. FY25 distribution per security guidance is for 6% growth over FY24. He
Slide 15: Questions
3 For personal use only Questions 555 Collins Street Melbourne (CPOF) Charter Hall Group 2024 Annual General Meeting 15
Slide 16: Formal Business
4 For personal use only Formal Business Criterion Industries Glendenning Logistics Estate Glendenning (CLP) Charter Hall Group 2024 Annual General Meeting 16
Slide 17: Annual Report
Formal Business Item 1 – Annual Report For personal use only To receive and consider the Annual Report, consisting of the Financial Report and Directors’ Report, and Auditor’s Report for the year ended 30 June 2024. Note: There is no requirement for Securityholders to approve these reports. Charter
Slide 18: Re-election of Directors
Formal Business Item 2 – Re-election of Directors For personal use only To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions of CHL: a) “That, Ms Karen Penrose, appointed as an additional Director of CHL by the Board, is elected as a Director of CHL.” b) “
Slide 19: Proxies – Re-election of Directors
Formal Business Item 2 – Proxies – Re-election of Directors For personal use only For Open Against Karen Penrose 98.31% .07% 1.62% Jacqueline Chow FAICD 98.93% .07% 1.00% Charter Hall Group 2024 Annual General Meeting 19
Slide 20: Adoption of Remuneration Report
Formal Business Item 3 – Adoption of Remuneration Report For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL: “That the Remuneration Report included in the Annual Report for the year ended 30 June 2024 be adopted.” Note: The vote on this resolution is
Slide 21: Proxies – Adoption of Remuneration Report
Formal Business Item 3 – Proxies – Adoption of Remuneration Report For personal use only FOR: 96.19% OPEN: .07% AGAINST: 3.74% Charter Hall Group 2024 Annual General Meeting 21
Slide 22: Issue of service rights to Mr David Harrison
Formal Business Item 4 – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY24) For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT: “That appro
Slide 23: Proxies – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Proxies – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY24) For personal use only FOR: 98.41% OPEN: .07% AGAINST: 1.52% Charter Hall Group 2024 Annual General Meeting 23
Slide 24: Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY25) For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT: “That approval is given for all purposes
Slide 25: Proxies – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY25) For personal use only FOR: 97.96% OPEN: .07% AGAINST: 1.97% Charter Hall Group 2024 Annual General Meeting 25
Slide 26: Remuneration of Non-Executive Directors
Formal Business Item 6 – Remuneration of Non-Executive Directors For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL: “That, for the purposes of rule 43(b) of the constitution and Listing Rule 10.17, the maximum aggregate remuneration that may be paid
Slide 27: Proxies – Remuneration of Non-Executive Directors
Formal Business Item 6 – Remuneration of Non-Executive Directors For personal use only FOR: 99.78% OPEN: .07% AGAINST: .15% Charter Hall Group 2024 Annual General Meeting 27
Slide 28: Capital Reallocation
Formal Business Item 7 – Capital Reallocation For personal use only Refer to the Charter Hall Group 2024 Notice of Meeting. Item 7 – Capital Reallocation: items 7.1, 7.2 and 7.3. Charter Hall Group 2024 Annual General Meeting 28
Slide 29: Proxies – Capital Reallocation
Formal Business Item 7 – Proxies – Capital Reallocation For personal use only FOR: 99.91% OPEN: .08% AGAINST: .01% Charter Hall Group 2024 Annual General Meeting 29
Slide 30: Questions
5 For personal use only Questions Charter Hall Offices 275 George Street, Brisbane (CPOF) Charter Hall Group 2024 Annual General Meeting 30
Slide 31: Meeting closed
6 For personal use only Meeting closed Gateway Plaza Leopold (CQR) Charter Hall Group 31
Slide 32: Further information
Further information For personal use only Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/chc IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Charter
Charter Hall Group — Shareholder Meeting (November 2024) on 6ix