360 Capital Reit · ASX:TOT
360 Capital Reit — Shareholder Meeting (February 2025)
27 slides from 360 Capital Reit's shareholder meeting presentation, Feb 6, 2025
Slide 1: Presentation for Extraordinary Meeting (ASX Release)
ASX Release 6 February 2025 360 Capital REIT (ASX:TOT) Presentation for Extraordinary Meeting In accordance with ASX Listing Rule 3.13.3, attached is a copy of 360 Capital REIT’s presentation for the Page 1 of 1 Extraordinary Meeting to be held at 11am AEST today. For personal use only Authorised fo
Slide 2: 2025 Extraordinary Meeting Presentation
For personal use only 360 Capital REIT (ASX:TOT) 2025 Extraordinary Meeting Presentation 6 February 2025 P.1
Slide 3: Table of contents
Table of contents For personal use only 1 Welcome and introduction 3 2 Chairman’s address and TOT operational update 6 3 FY25 key focus and TOT’s growth prospects 18 3 Questions 21 4 Business of the meeting 22 P.2
Slide 4: Responsible Entity Board
360 Capital FM Limited (Responsible Entity) Board For personal use only Tony Pitt David van Aanholt Andrew Graeme Moffat Tony McGrath Founder and Independent Non-Executive Independent Non-Executive Independent Non-Executive Executive Chairman Deputy Chairman Deputy Chairman Deputy Chairman Tony is a
Slide 5: Key Executives
Key Executives For personal use only Tony Pitt James Storey Glenn Butterworth Chris Dempsey Founder and Chief Executive Officer Chief Financial Officer Investment Manager Executive Chairman Tony is a founding Director of 360 Capital and has James has over 16 years' experience in real estate Glenn Bu
Slide 6: Why invest in TOT?
Why invest in TOT? Highly Attractive Yield Forecast FY25 fully franked distribution yield of 7.6%1 paid quarterly. For personal use only Modern Portfolio Average building age only 4.2 years2, 5.0 Star3 NABERS rating across portfolio, minimal capital expenditure or tenant incentives, all independentl
Slide 7: 2. Operational update
REAL ASSETS PRIVATE EQUITY PUBLIC EQUITY CREDIT For personal use only 2. Operational update P.6
Slide 8: HY25 unaudited highlights
360 Capital REIT (ASX:TOT) – HY25 unaudited highlights Regular income and the potential for capital growth from a diversified portfolio of well leased, modern assets 7.6% 1.5cpu $0.60 For personal use only FY25 forecast fully franked HY25 fully franked distributions Unaudited NTA per security distri
Slide 9: Portfolio overview
For personal use only Industrial / Manufacturing; Office; 33.1% 14.9% Office / Healthcare; Portfolio overview 52.0% P.8 P.8
Slide 10: Income profile
Income profile Top 10 Tenants1 Income and review profile1 Tenant Type: 83.0% Government and publicly listed companies For personal use only Commonwealth Government 36.2% Private 17.0% Michael Hill 15.9% Public 39.2% Dentsu 13.5% Government Monash IVF 8.2% 43.8% SRC Australia 6.6% Kane 4.4% Review Ty
Slide 11: Lease expiry profile
Lease expiry profile Lease expiry profile (by income)1 100% For personal use only 90% 80% Portfolio WALE 73.4% 70% 6.9 years 60% 50% 40% 30% 20% 13.0% 10% 6.7% 7.0% 0% Vacant FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32+ Minimal capex, tenant incentives, leasing fees required due to no tenant expires and
Slide 12: Leasing strategy
Leasing strategy 38 Sydney Avenue, Canberra Speculative Suite Strategy – 510 Church Street, Cremorne • Leases executed for the remaining vacancies at 38 Sydney Avenue, Canberra For personal use only comprising a total of 2,158sqm1 or 23.6% of the building and approximately 7.7% of the portfolio. • S
Slide 13: Sydney Ave, Forrest, ACT
38 Sydney Ave, Forrest, ACT Tenancy Profile Summary Metrics % total Option December Valuation4 $66.8m NLA Review Expiry Tenant Gross to Independent Valuation (sqm) type date For personal use only Rent1 extend June 2024 Date Comm Gov (ANAO) 56.3% 4,857 Fixed Dec-34 5 Ownership interest 100% Comm Gov
Slide 14: Southgate Ave, Cannon Hill QLD
34 Southgate Ave, Cannon Hill QLD Tenancy Profile Summary Metrics % total Option December Valuation2 $30.0m NLA Review Expiry Tenant Gross to Independent Valuation For personal use only (sqm) type date June 2024 Rent1 extend Date Ownership Interest 100% Michael Hill 100.0% 3,585 Fixed Sept 32 2x5 Ti
Slide 15: Church Street, Cremorne VIC
510 Church Street, Cremorne VIC Tenancy Profile Summary Metrics % Total NLA3 Review Expiry Option to December Valuation1,5 $105m (50%) Tenant Gross (sqm) type date extend For personal use only Rent4 Independent Valuation June 2024 Date Dentsu 26.8% 4,668 Fixed Jul-29 3 Ownership Interest 50% Comm Go
Slide 16: FY25 ESG initiatives
FY25 ESG initiatives Current / Target Property FY25 Initiatives NABERS Rating For personal use only Continue optimising building performance to 510 Church Street, Cremorne, VIC Achieved: 5.0 Star1 achieve a 5.0 Star NABERS rating without Green Power once 5.0 Star NABERS the building has reached 100%
Slide 17: Valuations, capital management, interest rate strategy
Valuations, capital management, interest rate strategy Valuations Debt facility and interest rate strategy • All properties were independently valued for 30 June 2024. Debt terms • Internal valuations were undertaken for 31 December 2024, with values to be For personal use only • Debt facility was r
Slide 18: TOT peer comparison
TOT peer comparison “TOT generally priced in line with peers, except for no value attributable to TOT’s unique franking of distributions” Market Capitalisation ($m) Gearing $900 50% $85.5m For personal use only $800 Market Capitalisation1 45% $700 Average gearing: 35.1% $600 40% Average market capit
Slide 19: 3. FY25 key focus and TOT's growth prospects
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 3. FY25 key focus and TOT’s growth prospects P.18
Slide 20: FY25 key focus
FY25 key focus Focus Status For personal use only • Ongoing leasing 2,582 square metres (6.7% of portfolio) Complete leasing of only remaining vacancy at: Leasing • 510 Church Street, Cremorne during HY25 period, focused on leasing remaining vacancy at 510 Church Street. Capital • Capital management
Slide 21: TOT position and growth prospects
TOT position and growth prospects Current Position Growth For personal use only • No Legacy Issues: TOT has no legacy issues and therefore is • Relevance and Investor Support: As the smallest A-REIT, positioned for growth, however, market conditions, although TOT needs to become relevant by increasi
Slide 22: 4. Questions
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 4. Questions P.21
Slide 23: 5. Business of the meeting
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 5. Business of the meeting P.22
Slide 24: Proposed Investment Management Agreement
Proposed Investment Management Agreement • Key terms of the Investment Management Agreement (IMA) between the Responsible Entity and the proposed Investment Manger are as For personal use only follows: Investment Manager: 360 Capital REIT IM Pty Limited (100% owned by 360 Capital) Commencement Date:
Slide 25: Resolution 1: Enter into Investment Management Agreement
Item A: Resolution 1: Enter into Investment Management Agreement The meeting is asked to consider and if thought fit, pass the following resolution as an Ordinary Resolution of Members: “That, for the purposes of Chapter 2E (as modified by Part 5C.7) of the Corporations Act 2001 For personal use onl
Slide 26: Disclaimer
Disclaimer This presentation has been prepared by 360 Capital FM Limited (ACN 090 664 396) (Responsible Entity) as responsible entity for 360 Capital For personal use only Active REIT (ARSN 602 303 613) and 360 Capital Passive REIT (ARSN 602 304 432), together 360 Capital REIT (‘TOT’ or the ‘Fund’).
Slide 27: Contact details
Contact details: Tony Pitt For personal use only Executive Chairman +61 2 8405 8860 Tony.Pitt@360capital.com.au www.360capital.com.au James Storey Chief Executive Officer +61 2 8405 8860 James.Storey@360capital.com.au www.360capital.com.au Glenn Butterworth Chief Financial Officer +61 2 8405 8860 Gl
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