Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Merger or Acquisition (December 2012)
10 slides from Growthpoint Properties Australia's merger presentation, Dec 24, 2012
Slide 1: Purchase of Erskine Park Portfolio
Growthpoint Properties Australia (ASX Code: GOZ) For personal use only Purchase of Erksine Park Portfolio 24 December 2012 Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 Proposed new building at 27-49 Lenore Drive, Erks
Slide 2: Contents
Contents For personal use only Glossary & Disclaimer 1 Transaction Overview 2 Property Summaries 3 Strategic Rationale 4 Funding 5 Impact on GOZ 6 Conclusion 7 Timothy Collyer Aaron Hockly Managing Director Company Secretary & General Counsel Dion Andrews Michael Green Chief Financial Officer Portfo
Slide 3: Glossary & Disclaimer
Glossary & Disclaimer Balance Sheet Gearing borrowings divided by total assets For personal use only cps cents per stapled security deps distributable earnings per stapled security dps distributions per stapled security GOZ or Group Growthpoint Properties Australia comprising Growthpoint Properties
Slide 4: Transaction Overview
Transaction Overview For personal use only • GOZ has entered transaction documents for the acquisition of three adjoining industrial properties in Erskine Park, NSW for a total purchase price of $104.7 million before costs at an average initial yield of approximately 8.07%. The vendors are associate
Slide 5: Property Summaries
Property Summaries For personal use only 1. On completion. 2. The independent valuation for the truck facility and warehouse was prepared as one figure of $58,450,000 and has been separated by purchase price for ease of reference. Growthpoint Properties Australia | Purchase of Erskine Park Portfolio
Slide 6: Strategic rationale
Strategic rationale For personal use only PREMIER Erskine Park in western Sydney houses several major corporate tenants INDUSTRIAL Excellent access to the M4 and the M7 Motorways LOCATION The locality is benefitting from on-going infrastructure upgrades MODERN LOGISTICS Completion in 2008, 2011 and
Slide 7: Funding
Funding For personal use only • Utilising net proceeds of sale of Goulburn property (announced on 24 December 2012) for $71.5 million provides the bulk of funding • Continuation of the successful DRP program, where equity has been raised above NTA per security. Growthpoint Properties Limited of Sout
Slide 8: Impact on GOZ
Impact on GOZ For personal use only FINANCIAL PORTFOLIO • FY2013 DPS: 18.3 cps (no change on previous guidance) • WALE: 7.1 years (+0.1 years) • FY2013 DEPS: 19.0 – 19.4 cps • WARR: 3.2% (no change) (previous guidance of 19.4 – 19.8cps) • Total property assets: 43 (increased by two) • Balance Sheet
Slide 9: Conclusion
Conclusion For personal use only • GOZ has again demonstrated its ability to acquire properties which provide security holders with a stable and growing income stream • Selling an asset (at above book value) and using the proceeds to acquire better located properties demonstrates GOZ’s focus on incr
Slide 10: For more information contact us
For personal use only For more information contact us at: Growthpoint Properties Australia Level 10, 379 Collins Street Melbourne VIC 3000 P: +61 3 8681 2900 F: +61 3 8681 2910 E: info@growthpoint.com.au Investor services line: 1800 260 453 www.growthpoint.com.au
Growthpoint Properties Australia — Merger or Acquisition (December 2012) on 6ix