Centuria Industrial Reit · ASX:CIP
Centuria Industrial Reit — Corporate Update (May 2021)
31 slides from Centuria Industrial Reit's corporate update, May 11, 2021
Slide 1: Centuria Industrial REIT (CIP) Sydney Asset Tour
Centuria Industrial REIT (CIP) Sydney Asset Tour SYDNEY (Tuesday, 11 May 2021) – Centuria Industrial REIT (ASX: CIP) provides a presentation that will be used as part of a Sydney asset tour with sell-side analysts today. – Ends – For more information or to arrange an interview, please contact: Jesse
Slide 2: Sydney Asset Tour
Sydney Asset Tour A S X: C I P 11 May 2021 Centuria Industrial REIT CENTURIA OFFICE REIT ASX:COF 1 29 PENELOPE CRESCENT, ARNDELL PARK, NSW
Slide 3: Agenda
Australia’s largest domestic pure play industrial REIT Agenda 1. Welcome and Introduction – Centuria Office, Sydney 2. Guest speaker | CBRE Leasing 3. Sydney North West 4. Sydney West 5. Sydney Inner West 6. Conclusion – Centuria Office CENTURIA INDUSTRIAL REIT ASX: CIP 2 8 PENELOPE CRESCENT, ARNDEL
Slide 4: Introduction
COLD STORE FACILITIES SECTION ONE Introduction A S X: CIP CENTURIA INDUSTRIAL REIT ASX: CIP 3 67-69 MANDOON ROAD, GIRRAWEEN, NSW
Slide 5: CNI: ASX300-listed funds manager positioned for growth
CNI: ASX300-listed funds manager positioned for growth $15.5bn1 $1bn2 Pro forma Group AUM on balance sheet ~$191m Pro forma cash on balance sheet $0.9bn $14.6bn Investment Centuria Office (ASX:COF) Real Estate AUM Bonds $217m (19.9%)4 Listed Centuria Industrial (ASX:CIP) co- $328m (17.0%)4 investmen
Slide 6: Enhanced sector diversification creating new growth opportunities
Enhanced sector diversification creating new growth opportunities 72% focused on existing capabilities in office and industrial with the introduction of three new sectors $14.6bn 1 Real Estate Platform Daily Needs Large Format Office Industrial Healthcare Agriculture Other Retail (“DNR”) Retail (“LF
Slide 7: CIP: Strategic vision and objectives
CIP: Strategic vision and objectives VISION To be Australia’s leading domestic pure play industrial REIT A CLEAR AND SIMPLE Deliver income and capital growth to investors from a portfolio of high quality Australian industrial assets STRATEGY Overseen by an active Prudently managing its Australia’s l
Slide 8: Key metrics – Australia's largest domestic pure play industrial REIT
Key metrics – Australia’s largest domestic pure play industrial REIT PORTFOLI O 1 FI NANCI AL 1 61 $2.6bn $3.33 98% High quality Portfolio value Pro forma Net Average rent assets Tangible Assets per collections unit January to March 2021 98.8% 9.7yrs 28.2% >$110mn Portfolio occupancy2 Portfolio WALE
Slide 9: Industrial Market Drivers
DISTRIBUTION CENTRES SECTION TW O Industrial Market Drivers A S X: CIP CENTURIA INDUSTRIAL REIT ASX: CIP 8 2-8 LEXINGTON DRIVE, BELLA VISTA, NSW
Slide 10: Structural tailwinds for the broader industrial real estate sector
CENTURIA MANAGEMENT Structural tailwinds for the broader industrial real estate sector INDUSTRIAL & LOGISTICS GROSS TAKE-UP FROM THE RETAIL TRADE 2 SECTOR AND ONLINE RETAIL SALES (12 MTH ROLLING)1 bn sqm $45 900,000 ONLINE RETAIL SALES (LHS) $40 800,000 INDUSTRIAL TAKE-UP FROM RETAIL TRADE SECTOR $4
Slide 11: Accelerating Industrial occupier demand
Accelerating Industrial occupier demand1 NATIONAL INDUSTRIAL % GROSS NATIONAL INDUSTRIAL % GROSS TAKE NATIONAL INDUSTRIAL GROSS TAKE UP 2011 to 2021 YTD TAKE UP BY CITY 1Q2021 UP BY INDUSTRY 12 MONTH ROLLING (‘000 sqm) Wholesale Adelaide, Trade, 7% Manufacturing, 3000 5% 19% Perth, 7% Sydney, 28% Br
Slide 12: Future development supply
Future development supply1 SYDNEY INDUSTRIAL VACANCY2 5.0% 4.9% 4.8% 4.4% 3.1% Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 AVERAGE NET FACE RENTS ($/sqm) 2 Prime Secondary Low High Low High CIP Assets $123 $136 $113 $123 AVERAGE GROSS INCENTIVES2 Prime Secondary 10.5% 11.7% • Vacancy rate of 3.1% in Sydney a
Slide 13: Australia remains attractive compared to Global Prime Industrial Yields
Australia remains attractive compared to Global Prime Industrial Yields1 2020-2022 GDP Growth by Country / Region (%)1 United Kingdom Japan France Hong Kong Germany Singapore Advanced Economies New Zealand Canada United States Australia 0 1 2 3 4 5 6 7 8 Strong forecast economic growth coupled with
Slide 14: CIP Portfolio
TRANSPORT LOGISTICS SECTION THREE CIP Portfolio A S X: CIP CENTURIA INDUSTRIAL REIT ASX: CIP 13 74-79 NEWTON ROAD, WETHERILL PARK, NSW
Slide 15: Centuria Industrial REIT / Recent Market Transactions
Centuria Industrial REIT / Recent Market Transactions CIP PORTFOLIO SNAPSHOT 1 RECENT SALES TRANSACTIONS Number of assets # 61 Book value $m 2,621 Milestone Portfolio2 WACR % 4.95 45 Assets GLA sqm 1,062,871 Date: April 2021 Price2: $3.8bn Average asset size sqm 17,424 Initial Yield3: ~4.0% Occupanc
Slide 16: Transformation of CIP NSW Portfolio
Transformation of CIP NSW Portfolio LEASING SUCCESS 67-69 MANDOON ROAD, GIRRAWEEN 54K SQM LEASED TO WOOLWORTHS 28K SQM LEASED TO VISY 15K SQM LEASED TO WEIR MINERALS SELECTIVE ACQUISITIONS ON A 10-YEAR TERM ON A 10-YEAR TERM ON A 5-YEAR TERM 73.6 2-8 LEXINGTON DRIVE, BELLA VISTA 38.5 38.4 22.1 19.1
Slide 17: Portfolio growth driving scale and relevance
Portfolio growth driving scale and relevance CIP ACQUISITION TRACK RECORD ($m) NET TANGIBLE ASSETS PER UNIT ($) 3.33 8.4% CAGR 2.99 2.83 2.36 2.66 2.46 1 DEC-16 DEC-17 DEC-18 DEC-19 DEC-20 MAR-21 Portfolio growth while delivering unitholder value through increased NTA Increased investor relevance, 3
Slide 18: NSW Value-add Opportunities
Opportunities to Extract Embedded Portfolio Value 21 Jay Street, Townsville QLD 74-94 Newton Rd, Wetherill Park NSW • Expanded asset by ~5,700sqm • Medium term opportunity Completed • Reset lease with Woolworths on a new 12-year • Potential development of a new industrial facility term of up to ~30,
Slide 19: Asset Tour
TRANSPORT LOGISTICS SECTION FOUR Asset Tour A S X: CIP CENTURIA INDUSTRIAL REIT ASX: CIP 18 457 WATERLOO ROAD, CHULLORA, NSW
Slide 20: CIP NSW portfolio and Tour Agenda
CIP NSW portfolio and Tour Agenda CENTURIA INDUSTRIAL REIT ASX: CIP 19
Slide 21: 8 Lexington Drive, Bella Vista
8 LEXINGTON DRIVE, BELLA VISTA DESCRIPTION • The asset is located 40kms North of the Sydney CBD in market with limited warehousing stock and benefits from its ‘last mile’ characteristics, surrounded by business parks and residential • The 1.7ha site offers 7,678sqm of warehouse and 591sqm of modern
Slide 22: 29 Penelope Crescent, Arndell Park
29 PENELOPE CRESCENT, ARNDELL PARK DESCRIPTION • Located approximately 40kms west of the Sydney CBD. Arndell Park is an established industrial precinct located on the northern side of the Great Western Highway • The modern asset constructed in 2003 provides a 9,400sqm generic industrial facility wit
Slide 23: 8 Penelope Crescent, Arndell Park
8 PENELOPE CRESCENT, ARNDELL PARK DESCRIPTION • Located approximately 40kms west of the Sydney CBD. Arndell Park is an established industrial precinct located on the northern side of the Great Western Highway • The property is a modern warehouse with providing up to 9.5 metre clearance and associate
Slide 24: 74-94 Newton Road, Wetherill Park
74-94 NEWTON ROAD, WETHERILL PARK DESCRIPTION • The asset is located in Sydney’s outer central west industrial region with access to the M4,M5 and M7 motorways. The site benefits from the infill location within a supply constrained market • The property is a high capacity logistics facility that inc
Slide 25: 67-69 Mandoon Road, Girraween
67-69 MANDOON ROAD, GIRRAWEEN DESCRIPTION • The 4.9ha site is situated in an established and strategic industrial market which is considered a core Western Sydney last mile growth precinct • The site includes two cold storage warehouse providing ambient, refrigerated and freezer facilities that can
Slide 26: 457 Waterloo Road, Chullora
457 WATERLOO ROAD, CHULLORA DESCRIPTION • Located approximately 15kms south west of the Sydney CBD and within 3kms of the Enfield Intermodal Logistics Centre. • The property comprises a freestanding warehouse and office facilities which was extensively refurbished in 2013. The warehouse benefits fro
Slide 27: Disclaimer
Disclaimer This presentation has been prepared by Centuria Property Funds No.2 Limited (ABN 38 133 363 185, The information in this presentation has been obtained from and based on sources believed by CPF2L to AFSL 340304) (CPF2L) as responsible entity of Centuria Industrial REIT (‘CIP’ or the ‘Trus
Slide 28: Notes
Notes CENTURIA INDUSTRIAL REIT ASX: CIP 27
Slide 29: Notes
Notes CENTURIA INDUSTRIAL REIT ASX: CIP 28
Slide 30: Notes
Notes CENTURIA INDUSTRIAL REIT ASX: CIP 29
Slide 31: CENTURIA INDUSTRIAL REIT ASX: CIP
CENTURIA INDUSTRIAL REIT ASX: CIP 30
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