Value and Indexed Property Income Trust PLC · LSE:VIP
Value and Indexed Property Income Trust — Shareholder Meeting (July 2021)
20 slides from Value and Indexed Property Income Trust's shareholder meeting presentation, Jul 23, 2021
Slide 1: Manager's AGM Presentation 23 July 2021
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Manager’s AGM Presentation 23 July 2021
Slide 2: Contents
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP CONTENTS • Overview • Update - at 30 June 2021 • Vip Property Portfolio • Vip Equity Portfolio LONG, STRONG, INDEXED PROPERTY INCOME 2
Slide 3: Overview
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Overview • VIP invests in UK Commercial Property • Long, Strong, Indexed Property Income streams • Single let properties on full repairing and insuring leases • Delivers long-term above average real returns from a well spread portfolio • Strategic in
Slide 4: Overview: Year to March 2021
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Overview Year to 31 March 2021 • Annual dividend increased by 1.7% to 12.3p, 34th year of consecutive increases • NAV total return 12.3% • Share price total return 39.3% as the discount narrowed • Property portfolio outperformed benchmark with 92.6%
Slide 5: Overview
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Overview Data to 31 March 2021, rebased to 100 LONG, STRONG, INDEXED PROPERTY INCOME 5
Slide 6: Performance record over years
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Overview VIP Property Portfolio Performance record over 34 years Year to 31march 2021 14% 12% 12% 10% 10% Total Annualised Returns 9% 9% 9% 8% 8% 7% 7% 7% 6% 6% 5% 5% 4% 4% 3% 3% 3% 3% 3% 2% 2% 2% 2% 1% 1% 1% 0% 1 year 3 years 5 years 10 years 20 yea
Slide 7: VIP Update
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Update Asset Split at 31 March 2021 Asset Split at 30 June 2021 28.1% 37.5% 46.0% 55.4% 16.5% 16.5% UK Property UK Equities Cash UK Property UK Equities Cash Source: BNP Paribas. Data to 31/3/21, 30/6/2021 LONG, STRONG, INDEXED PROPERTY INCOME 7
Slide 8: VIP Property Portfolio - update at June 2021
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP PROPERTY PORTFOLIO - update at 30 JUNE 2021 INDUSTRIALS PUBS SUPERMARKETS • 10 Properties • 11 Properties • 8 Properties • 31% of Contracted Rent • 22% of Contracted Rent • 16% of Contracted Rent • WAULT* 11 Years • WAULT* 21 Years • WAULT* 11 Ye
Slide 9: VIP Property Portfolio at June 2021
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP PROPERTY PORTFOLIO at 30 JUNE 2021 PORTFOLIO HIGHLIGHTS 31 March 2021 30 June 2021 Portfolio Value: £80,550,000 £98,350,000* Total Number of Properties: 31 37 Contracted income as a % of Portfolio Value: 6.4% 6.3% Total Number of Tenants: 32 38 C
Slide 10: VIP Property Portfolio Purchases
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio Purchases post March 2021 Property Sector Tenant Completed Dundee Industrial Screwfix April 2021 Blandford Forum Supermarket Marks & Spencer April 2021 Staines Industrial Halfords Autocentres May 2021 Thurrock Industrial Halfor
Slide 11: VIP Property Portfolio: Sector Weighting
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio Sector Weighting % Capital Value at 30 June 2021 Industrials - 32% Pubs - 20% 6% 0% 6% Supermarkets - 17% 7% 32% Other (Caravan Park & Library) - 12% Hotel - 7% 12% Roadside - 6% Leisure Bingo & Bowling - 6% Non-Food Retail - 0
Slide 12: VIP Property Portfolio: by Region
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio by Region % Capital Value at 30 June 2021 South East - 35% (9 Properties) 4%1% North - 26% (12 Properties) 5% 5% South West - 13% (4 Properties) 35% Scotland - 11% (5 Properties) 11% London - 5% (2 Properties) East Anglia - 5%
Slide 13: VIP Property Portfolio: Contracted Income by Tenant
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio Contracted Income by Tenant % at 30 June 2021 Co-operative Group 15% Stonegate 12% H.M. Government 9% Park Resorts 9% Local Authorities 7% Kier Group 7% Ten Entertainment Group 7% Premier Inn 6% Winterbotham Darby 5% Shepherd N
Slide 14: Contracted indexed share of rental income
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio Contracted indexed share of rental income % 91% 92% 86% 79% 74% 52% 39% 2013 2017 2018 2019 2020 March 2021 June 2021 LONG, STRONG, INDEXED PROPERTY INCOME 14
Slide 15: Indexed Rent Review Pattern
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP Property Portfolio Indexed Rent Review Pattern at 3o June 2021 8% 10% 11% 71% Retail Price Index - 71% (26 Tenancies) Consumer Price Index - 11% (5 Tenancies) Fixed Increases - 10% (5 Tenancies) Open Market - 8% (2 Tenancies) LONG, STRONG, INDEXE
Slide 16: Effects of COVID-19 on VIP Property Rental Payments
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Effects of COVID -19 on VIP Property Rental Payments MARCH Quarter 2021 • 91% Contracted rent for the quarter received • 8% On rent free periods in return for lease extensions by 5 years • 1% Outstanding JUNE Quarter 2021 • 83% Contracted rent for th
Slide 17: VIP UK Equities
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP VIP UK Equities Portfolio Changes to 30 June 2021 • Following Shareholders’ approval of the new Investment Policy in February, sales were made across the portfolio • The direct equity portfolio was reduced from £104m to £29m in value • New property-b
Slide 18: UK Equities - holdings at 30 June 2021
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP UK Equities - holdings at 30 June 2021 Property Backed Equities Value (£m) Percentage Wm Morrison £3.7 12.9% Tritax Big Box REIT £2.9 10.3% Civitas Social Housing REIT £2.3 8.1% Real Estate Credit Investments £2.2 7.7% Residential Secure Income REIT
Slide 19: Disclaimer
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Disclaimer • This document has been prepared by OLIM Property Limited solely for presentation to the Value and Indexed Property Income Trust PLC Annual General Meeting on 23 July 2021. For the purpose of this disclaimer, ‘Presentation’ shall mean thi
Slide 20: Managed by OLIM Property
VALUE AND INDEXED PROPERTY INCOME TRUST PLC - VIP Managed by olim property
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