Arena Reit · ASX:ARF
Arena Reit — Shareholder Meeting (November 2019)
24 slides from Arena Reit's shareholder meeting presentation, Nov 22, 2019
Slide 1: Annual General Meeting 22 November 2019
ARENA REIT For personal use only Annual General Meeting 22 November 2019
Slide 2: Agenda
AGENDA For personal use only Chair’s address 3 Managing Director’s report 6 Questions 11 Formal Business 12 Counting of Votes, Close 23 Important Notice 24 2 ARENA REIT 2019 ANNUAL GENERAL MEETING
Slide 3: Chair's Address
For personal use only CHAIR’S ADDRESS David Ross Chair
Slide 4: FY19 Highlights
$37.7m 13.8 cents FY19 HIGHLIGHTS For personal use only Net operating Earnings per security Strong result and earnings growth profit (EPS)3 • Annual underlying rental income growth: average like-for-like rent reviews +8.7% on FY18 +5.3% on FY18 +3.6%1. • Healthcare portfolio leases with existing ten
Slide 5: Delivering on Investment Objective
DELIVERING ON INVESTMENT OBJECTIVE For personal use only Earnings and distributions per security (cents) To generate attractive and predictable distributions to investors 20 with earnings growth prospects over the medium to long term. 15 14.3 13.5 13.8 • FY20 DPS guidance of 14.3 CPS 12.8 13.1 12.0
Slide 6: Managing Director's Report
For personal use only MANAGING DIRECTOR’S REPORT Rob de Vos Managing Director
Slide 7: Portfolio Performance
PORTFOLIO PERFORMANCE For personal use only Disciplined strategy supporting positive outcomes Working in partnership: Lease management: • Acquisition of $24 million portfolio of • 100% occupancy. specialist disability accommodation • Average like-for-like rent increase of properties. +3.6%1. • Healt
Slide 8: FY19 Contributors to EPS Growth
FY19 CONTRIBUTORS TO EPS For personal use only GROWTH 15 • Continued growth in property income from: 14 – Annual rental growth; – Investment in operating 13 healthcare and ELC properties, including a $24 million portfolio 12 of specialist disability Cents Per Security (CPS) accommodation properties;
Slide 9: Portfolio Overview
PORTFOLIO OVERVIEW For personal use only 30 June 2019 30 June 2019 Number of assets Net revaluation movement Change valuation passing yield $m $m % % bps ELC portfolio 216 676.2 21.6 3.5 6.44 (2) Healthcare portfolio 10 122.1 10.8 12.7 6.08 (77) Total portfolio 226 798.3 32.4 4.6 6.38 (14) Sector di
Slide 10: Outlook
OUTLOOK For personal use only Strong underlying earnings growth I N C O M E G R O WT H • FY20 distribution guidance of 14.3 cents per security, an increase of 5.9%1 on FY19. • Annual rent increases, of which market rent reviews comprise: o Approximately 8% of income in FY20; and o Approximately 9% o
Slide 11: Questions
For personal use only QUESTIONS
Slide 12: Formal Business
For personal use only FORMAL BUSINESS
Slide 13: Resolution 1: Remuneration Report advisory vote
ORDINARY BUSINESS For personal use only Resolution 1: Non-binding advisory vote on the Remuneration Report To consider and, if thought fit, to pass the following as an advisory resolution of the Company: ‘That the Remuneration Report for the financial year ended 30 June 2019 be adopted.’ 13 ARENA RE
Slide 14: Resolution 2: Election of Rosemary Hartnett
OTHER BUSINESS For personal use only Resolution 2: Election of Ms Rosemary Hartnett as a director of the Company To consider and, if thought fit, to pass the following as an ordinary resolution of the Company: ‘That Ms Rosemary Hartnett, who was appointed as a director of the Board on 13 August 2019
Slide 15: Resolution 3: Re-election of Dr Simon Parsons
OTHER BUSINESS For personal use only Resolution 3: Re-election of Dr Simon Parsons as a director of the Company To consider and, if thought fit, to pass the following as an ordinary resolution of the Company: ‘That Dr Simon Parsons, who retires by rotation in accordance with ASX Listing Rules 14.4 a
Slide 16: Resolution 4: Ratification of Placement
OTHER BUSINESS For personal use only Resolution 4: Ratification of Placement To consider and, if thought fit, to pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 7.4 and for all other purposes, the previous issue of
Slide 17: Resolution 5: Deferred STI rights to Rob de Vos
OTHER BUSINESS For personal use only Resolution 5: Grant of deferred STI rights to Mr Rob de Vos To consider and, if thought fit, to pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purposes,
Slide 18: Resolution 6: LTI performance rights to Rob de Vos
OTHER BUSINESS For personal use only Resolution 6: Grant of LTI performance rights to Mr Rob de Vos To consider and, if thought fit, to pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purpos
Slide 19: Resolution 7: Deferred STI rights to Gareth Winter
OTHER BUSINESS For personal use only Resolution 7: Grant of deferred STI rights to Mr Gareth Winter To consider and, if thought fit, to pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purpos
Slide 20: Resolution 8: LTI performance rights to Gareth Winter
OTHER BUSINESS For personal use only Resolution 8: Grant of LTI performance rights to Mr Gareth Winter To consider and, if thought fit, to pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other pur
Slide 21: Proxy Voting Results
PROXY VOTING RESULTS For personal use only Resolutions 1 through 4 Proxy votes For Open Against Abstain Proxy votes for Resolution 1 (%) 98.22% 1.29% 0.49% Proxy votes for Resolution 1 (quantity) 162,293,532 2,138,177 813,510 2,506,492 Proxy votes for Resolution 2 (%) 98.69% 1.16% 0.15% Proxy votes
Slide 22: Proxy Voting Results
PROXY VOTING RESULTS For personal use only Resolutions 5 through 8 Proxy votes For Open Against Abstain Proxy votes for Resolution 5 (%) 98.11% 1.19% 0.70% Proxy votes for Resolution 5 (quantity) 162,212,504 1,974,159 1,162,452 3,446,680 Proxy votes for Resolution 6 (%) 94.57% 1.21% 4.22% Proxy vote
Slide 23: Counting of Votes, Close
For personal use only COUNTING OF VOTES, CLOSE
Slide 24: Important Notice
IMPORTANT NOTICE For personal use only This presentation has been prepared by Arena REIT (Arena) comprising Arena REIT Limited (ACN 602 365 186), Arena REIT Management Limited (ACN 600 069 761 AFSL No. 465754) as responsible entity of Arena REIT No.1 (ARSN 106 891 641) and Arena REIT No.2 (ARSN 101