Goodman Group · ASX:GMG
Goodman — Q1 FY2016 Earnings Presentation
19 slides from Goodman's earnings presentation, Nov 17, 2015
Slide 1: Q1 2016 Quarterly operational update
Carla updating GMG Quarterly presentation Q16 2016 - Quarterly operational update 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 + Current global economic environment is resulting in the following – Goodman’s strategy has remained unchanged – Focus remains on improving asset and income quality across the portfolio – Asset rotation continuing at the same pace as 2015 with
Slide 6: Quarterly operational highlights
Quarterly operational highlights For personal use only + Globally diversified platform providing sustainable growth opportunities – Australia: Continued cap rate compression on the back of recent market transactions. Recycled $0.3 billion of property assets in the quarter – New Zealand: development
Slide 7: Snapshot
Snapshot For personal use only A$32.3 billion A$26.9 billion A$3.4 billion A$5.4billion + total assets external assets Development work direct property under under in progress investment portfolio management management 6.4%¹ 6.6%¹ 12.7%¹ 5.1%¹ 1,850 32 1,118 customers cities people globally (approx)
Slide 8: Quarterly operational highlights - Own
Quarterly operational highlights - Own For personal use only + Property fundamentals remain sound across all markets, reflecting the quality of assets and customers Total assets under management – Leased 0.7 million sqm across the platform over the quarter equating to $83 million of annual net prope
Slide 9: Quarterly operational highlights - Develop
Quarterly operational highlights - Develop For personal use only + Development workbook of $3.4 billion across 78 projects with a forecast yield on Development WIP ($bn) cost of 8.7% – Active development book with a focus on location and quality – Globally diverse development workbook with globally
Slide 10: Quarterly operational highlights - Manage
Quarterly operational highlights - Manage For personal use only + Continued growth in AUM to $32 billion driven by Total AUM ($bn) – Growing development work book – Revaluations and favourable FX movements + $0.6 billion of asset recycling enhancing the quality of portfolios – Primary funding source
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 + Sale of $1.8 billion of sites completed and conditionally contracted representing approximately 10,000 apartment sites – $110 million settled in the quarter – I
Slide 13: Australian urban renewal pipeline
Australian urban renewal pipeline For personal use only Site Area Potential GFA Approx # of Entity State Region (ha) (sqm) apartments Partnership NSW Northern Sydney 1.3 59,778 809 GMG NSW South Sydney 9.0 186,153 2,396 GMG NSW Western Sydney 27.2 546,622 6,667 Completed and conditionally contracted
Slide 14: Appendices
For personal use only + Appendices Centenary Distribution Centre, Australia
Slide 15: Leasing
Leasing¹ For personal use only Across the Group and Funds platform: + 0.7 million sqm leased during the quarter + Reversions of 6.4% per annum on new leasing deals primarily attributable to contributions from Hong Kong + Occupancy maintained at 96% Region Leasing area (sqm) Net annual rent (A$m) Ave
Slide 16: Development
Development For personal use only Q1 FY16 Developments Completions Commencements Work in progress Value ($m) 708 908 3,430 Area (m sqm) 0.5 0.8 2.2 Yield (%) 8.5 8.1 8.7 Pre-committed (%) 75 73 66 Weighted Average Lease Term (years) 8.8 9.3 10.6 Development for Third Parties or Partnerships (%) 69 3
Slide 17: Management platform
Management platform For personal use only GAIP GHKLP GAP GEP GCLP GMT1 GJCP2 ABPP Total assets $6.1bn $4.4bn $3.5bn $3.9bn $2.2bn $2.1bn $1.7bn $1.3bn GMG co-investment 27.5% 20.0% 19.9% 20.4% 20.0% 18.0% 20.0%3 43.1% GMG co-investment $1.0bn $0.7bn $0.5bn $0.5bn $0.3bn $0.2bn $0.2bn3 $0.3bn Number
Slide 18: Global platform
For personal use only Global platform 18
Slide 19: Thank you
For personal use only thank+you