Arena Reit · ASX:ARF
Arena Reit — Shareholder Meeting (November 2020)
27 slides from Arena Reit's shareholder meeting presentation, Nov 19, 2020
Slide 1: Annual General Meeting 19 November 2020
ARENA REIT For personal use only Annual General Meeting 19 November 2020
Slide 2: Arena Directors
ARENA DIRECTORS For personal use only From left: Gareth Winter, David Ross, Rob de Vos, Rosemary Hartnett, Dennis Wildenburg, Simon Parsons. 2 ARENA REIT 2020 ANNUAL GENERAL MEETING
Slide 3: Agenda
AGENDA For personal use only Instructions for Virtual Meeting 3 Chair’s address 5 Managing Director’s report 8 Questions 14 Formal Business 15 Meeting Close 25 Important Notice 26 3 ARENA REIT 2020 ANNUAL GENERAL MEETING
Slide 4: Asking Questions Virtually via Lumi
ASKING QUESTIONS VIRTUALLY VIA LUMI For personal use only • When the Question function is available, the Q&A icon will appear at the top of the app. • To send in a question, simply click in the ‘Ask a question’ box, type your question and the press the send arrow. • Your question will be sent immedi
Slide 5: Voting Virtually via Lumi
VOTING VIRTUALLY VIA LUMI For personal use only • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen. • To vote simply select the direction in which you would like to cast your vote, the selected option will change colour. • There is no submit or
Slide 6: Chair's Address
For personal use only CHAIR’S ADDRESS David Ross Chair
Slide 7: FY20 Highlights
$76.6 million 14.55 cents FY20 HIGHLIGHTS For personal use only Statutory net Earnings per security Result demonstrates portfolio resilience in profit (EPS)1 a challenging environment +29% on FY19 +5% on FY19 • 5% growth in EPS1 driven by contracted rental growth, acquisitions and development comple
Slide 8: 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 with earnings growth prospects over 14.4-14.61 the medium to long term. 15 14.0 14.6 13.5 13.8 12.8 13.1 12.0 12.3 • FY21 DPS gui
Slide 9: Managing Director's Report
For personal use only MANAGING DIRECTOR’S REPORT Rob de Vos Managing Director
Slide 10: COVID-19 Update
COVID-19 UPDATE For personal use only Decisive response, uncertainties remain Impact • All of Arena’s properties remain open and in operation. • Lockdowns in response to COVID-19 significantly impacted ELC attendances however there has been a strong rebound post easing of lockdown restrictions. • St
Slide 11: Delivering on Strategy
DELIVERING ON STRATEGY For personal use only Consistent approach delivering positive portfolio and capital management outcomes Working in partnership: Lease management: • Commenced renewable energy • 100% occupancy. program. • Average FY20 like-for-like rent increase • Completed rejuvenation of exis
Slide 12: Contributors to EPS Growth
CONTRIBUTORS TO EPS GROWTH For personal use only Rental growth and development completions supporting EPS growth 16 0.65 - 0.15 - 0.20 -0.10 14.55 13.8 0.55 14 EPS1 cents per share 12 10 8 6 FY19 EPS Contracted like-for-like Completed Net operating expenses Funding mix - equity Rent abatement FY20 E
Slide 13: Portfolio Overview
PORTFOLIO OVERVIEW For personal use only Number of 30 June 2020 Net valuation movement 30 June 2020 Change versus assets1 valuation versus 30 June 2019 passing yield 30 June 2019 $m $m % % bps ELC portfolio 228 777.4 +34.7 +5.1% 6.24% (21) Healthcare portfolio 11 136.6 +2.2 +1.8% 6.12% 4 Total portf
Slide 14: Outlook
OUTLOOK For personal use only Well positioned despite ongoing uncertainty I N C O ME G R O WTH • FY21 distribution guidance of 14.4-14.6 cents per security, an increase of 3-4%1 on FY20. • Annual rent increases, including market rent reviews: o Approximately 8% of FY20 income unresolved; and o Appro
Slide 15: Questions
For personal use only QUESTIONS
Slide 16: Formal Business
For personal use only FORMAL BUSINESS
Slide 17: Ordinary Business: Financial Reports
ORDINARY BUSINESS For personal use only Financial Reports To receive and consider, the Financial report, the Directors’ Report and the Auditor’s Report, each for the financial year ended 30 June 2020. 17 ARENA REIT 2020 ANNUAL GENERAL MEETING
Slide 18: Resolution 1: Remuneration Report
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 2020 be adopted.’ Proxy votin
Slide 19: Resolution 2: Election of Mr David Ross
OTHER BUSINESS For personal use only Resolution 2: Election of Mr David Ross as a director of the Company To consider and, if thought fit, to pass the following as an ordinary resolution of the Company: ‘That Mr David Ross who retires by rotation in accordance with ASX Listing Rules 14.4 and 14.5 an
Slide 20: Resolution 3: Ratification of Placement
OTHER BUSINESS For personal use only Resolution 3: 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 21: Resolution 4: Deferred STI rights to Rob de Vos
OTHER BUSINESS For personal use only Resolution 4: 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 22: Resolution 5: LTI performance rights to Rob de Vos
OTHER BUSINESS For personal use only Resolution 5: 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 23: Resolution 6: Deferred STI rights to Gareth Winter
OTHER BUSINESS For personal use only Resolution 6: 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 24: Resolution 7: LTI performance rights to Gareth Winter
OTHER BUSINESS For personal use only Resolution 7: 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 25: Resolution 8: Amendment of Constitutions
OTHER BUSINESS For personal use only Resolution 8: Amendment of Constitutions To consider and, if thought fit, to pass the following as separate special resolutions of the Company and each of the Trusts: ‘That, in accordance with sections 136 and 601GC of the Corporations Act 2001 (Cth), each Consti
Slide 26: Close
For personal use only CLOSE MEETING
Slide 27: 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