Goodman Group · ASX:GMG
Goodman — Q3 FY2015 Earnings Presentation
19 slides from Goodman's earnings presentation, May 6, 2015
Slide 1: GMG Quarterly presentation
GMG Quarterly presentation 6 May 2015 For personal use only 1
Slide 2: Important notice and disclaimer
Important notice and disclaimer For personal use only + This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071), Goodman Funds Management Limited (ABN 48 067 796 641; AFSL Number 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839) and Good
Slide 3: Contents
Contents For personal use only + Section 1 Quarterly operational highlights + Section 2 Urban renewal + Appendices - Leasing - Development - Management platform - Global platform 3
Slide 4: Quarterly Operational Highlights
For personal use only + Section 1 Quarterly Operational Highlights Centenary Distribution Centre, Australia
Slide 5: Quarterly operational highlights
Quarterly operational highlights For personal use only + Benefiting from globally diversified operating, development and property platform + Strong operating performance continuing into the second half of financial year 2015 – Activity levels providing certainty around FY2015 earnings and transparen
Slide 6: Quarterly operational highlights
Quarterly operational highlights For personal use only + Urban renewal progressing in line with strategy with $0.7 billion of sites conditionally contracted – Urban renewal precincts continuing to evolve. Currently 35,000 apartments in Sydney and Melbourne which is expected to increase meaningfully
Slide 7: Snapshot
Snapshot For personal use only A$30.3 billion A$25.4 billion A$3.0 billion A$4.9 billion total assets under management 13.3%¹ external assets under management 13.4%¹ Development work in progress 15.4%¹ direct property investment portfolio 12.7%¹ + 1,800 32 1,091 customers cities people globally (app
Slide 8: Quarterly operational highlights - Own
Quarterly operational highlights - Own For personal use only + Total assets under management (AUM) increased to $30 billion – Leased 2.5million sqm across the platform over the 9 months equating to $284 Total assets under management million of annual net property income – Occupancy maintained at 96%
Slide 9: Quarterly operational highlights - Develop
Quarterly operational highlights - Develop For personal use only + Globally diverse development workbook with globally diverse customers Development WIP ($bn) + At this point in the cycle, development continuing to provide the best risk adjusted returns CAGR = 15% + WIP at $3.0 billion across 71 pro
Slide 10: Quarterly operational highlights - Manage
Quarterly operational highlights - Manage For personal use only + Total assets under management increased to $30 billion + External assets under management of $25.4 billion Total AUM ($bn) – Development completions, revaluations and currency movements continue to be a key driver of AUM growth CAGR =
Slide 11: Urban Renewal
For personal use only + Section 2 Urban Renewal Centenary Distribution Centre, Australia
Slide 12: Australian urban renewal pipeline
Australian urban renewal pipeline For personal use only + Deliberate strategy of ensuring returns are optimised for individual properties + $0.7 billion of sites conditionally contracted in Sydney + Proceeds from sales to be realised over the next 2 years – Currently the Group’s lowest cost of capit
Slide 13: Australian urban renewal pipeline
Australian urban renewal pipeline For personal use only Site Area Potential GFA Approx # of Entity State Suburb (ha) (sqm) apartments Zoned residential sites GMG NSW Erskineville 6.9 156,200 1,763¹ Partnership NSW Epping 1.3 65,000 809¹ GMG NSW Alexandria 2.1 52,500 622 Projects actively undergoing
Slide 14: Appendices
For personal use only + Appendices Centenary Distribution Centre, Australia
Slide 15: Leasing
Leasing¹ For personal use only Across the Group and Funds platform: + Positive lease reversions of 4.4% on new leasing deals + Occupancy maintained at 96% with weighted average lease expiry of 4.3 years Region Leasing area (sqm) Net annual rent (A$m) Average lease term (years) Australia 898,034 112.
Slide 16: Development
Development For personal use only Q3 FY15 Developments Completions Commencements Work in progress Value ($m) 1,760 1,881 3,013 Area (m sqm) 1.4 1.5 2.3 Yield (%) 8.8 8.7 8.8 Pre-committed (%) 89 70 62 Weighted Average Lease Term (years) 8.9 10.2 9.6 Development for Third Parties or Partnerships (%)
Slide 17: Management platform
Management platform For personal use only GAIF GHKLF GTA GELF GMT1 GCLH GJCF2 EPF ABPP Total assets $6.2bn $3.8bn $3.6bn $3.4bn $2.1bn $1.8bn $1.3bn $1.2bn $1.1bn GMG co-investment 27.5% 20.0% 19.9% 20.4% 17.8%3 20.0% 22.7% 37.5% 43.1% GMG co-investment $1.0bn $0.6bn $0.5bn $0.4bn $0.2bn3 $0.3bn $0.
Slide 18: Global platform
Global platform For personal use only Map to be updated 18
Slide 19: Thank you
For personal use only thank+you