Region Group · ASX:RGN
Region — Investor Presentation (February 2016)
17 slides from Region's investor presentation, Feb 11, 2016
Slide 1: Acquisitions and Upsized Placement
SCA PROPERTY GROUP Acquisitions and Upsized Placement 12 June 2015
Slide 2: Market Update
MARKET UPDATE • FY15 Distributable Earnings guidance increased to 12.8 cpu (from 12.6 cpu) FY15 Earnings • FY15 Distribution guidance maintained at 11.4 cpu guidance • Consistent with prior periods, SCP will provide FY16 earnings guidance with its FY15 results upgraded announcement • Property valuat
Slide 3: [Upsized] Transaction Overview
[UPSIZED] TRANSACTION OVERVIEW • SCP Property Group (“SCP”) has entered into agreements to acquire a portfolio of three quality shopping centres in Tasmania and has recently acquired Mount Warren Park in Queensland (“Acquisitions”) – Consideration for the Acquisitions of $99.4 million (1) with a wei
Slide 4: Transaction Rationale
TRANSACTION RATIONALE #1 Attractive Quality portfolio of shopping centres that are consistent with SCP’s investment criteria Acquisitions – Non-discretionary retail portfolio anchored by supermarket tenants with strong credit rating providing secure income Further demonstration of SCP management
Slide 5: Acquisition Funding
ACQUISITION FUNDING • The Acquisitions and associated transaction costs will be funded via the $80.0 million Placement of SCP units to institutional investors(1) with the balance of consideration funded utilising existing undrawn debt facilities Source of funds $m Use of funds $m Placement 80.0 Acqu
Slide 6: Summary of Financial Impact
SUMMARY OF FINANCIAL IMPACT Earnings impact Pro forma balance sheet impact • Neutral to FY15 and Distributable Total • 5.2% increase in total asset value approximately 1.6% accretive to EPU FY16 Distributable EPU assets to $2.0 billion EPU • More mature, higher growth • Reduced pro forma gearing of
Slide 7: Asset Overviews
ASSET OVERVIEWS Burnie Shopping Centre1 Glenorchy Central Shopping Centre Meadow Mews Shopping Centre Mount Warren Park • Single level sub regional shopping centre • Full enclosed neighbourhood shopping centre • Single level fully enclosed neighbourhood • A single level, modern open design situated
Slide 8: Strengthens SCP's Existing Portfolio
STRENGTHENS SCP’S EXISTING PORTFOLIO • The Acquisitions are consistent with SCP’s Portfolio Metrics SCP Pre(1) Acquisitions(2) SCP Post investment criteria and further diversify Properties 78 4 82 SCP’s portfolio: Book value ($m) 1,829.1 99.4 1,928.5 – Introduces a number of more mature Capitalisati
Slide 9: Summary of Equity Raising
SUMMARY OF EQUITY RAISING • Underwritten institutional placement to raise $80 million offered to existing and new institutional investors • Units will be issued at a fixed price of $2.02 per new unit (“Offer Price”) • Units will rank equally with existing SCP units and will be entitled to the full d
Slide 10: Appendix 1: Pro Forma Balance Sheet
APPENDIX 1: PRO FORMA BALANCE SHEET
Slide 11: Pro Forma Balance Sheet
PRO FORMA BALANCE SHEET Acquisitions and ($ millions) 31-Dec-14 Adjustments(1) Pro forma Placement Pro forma Cash 9.0 9.0 9.0 Investment properties 1,800.1 29.0 1,829.1 99.4 1,928.5 Other assets 59.2 59.2 59.2 Total assets 1,868.3 1,897.3 1,996.6 Debt 675.0 (20.3) 654.7 26.5 681.2 Other liabilities
Slide 12: Appendix 2: Key Risks
SGA Property Group APPENDIX 2: KEY RISKS
Slide 13: Risk Factors
RISK FACTORS General risk factors SCP Property Group’s (“SCP”) business activities are subject to risks, specific both to its investment in property and its operations, as well as of a general nature. Individually, or in combination, these risks may affect the future operating performance of the SCP
Slide 14: Appendix 3: International Selling Restrictions
APPENDIX 3: INTERNATIONAL SELLING RESTRICTIONS
Slide 15: Foreign Jurisdictions
FOREIGN JURISDICTIONS Warranties and agreements By accessing this presentation, you acknowledge that you understand the contents of this disclaimer and that you agree to abide by its terms. This presentation is presented to you on the basis that you are, and you warrant that: • if you are in Austral
Slide 16: Foreign Jurisdictions (Con't)
FOREIGN JURISDICTIONS (CON’T) to “professional investors” as defined in the SFO and any rules made thereunder. The information relating to the offering contained herein may not be used other than by the person to whom it is addressed and may not be reproduced in any form or transferred to any person
Slide 17: SCP Property Group Contact and Disclaimer
SCP Property Group Level 5, 50 Pitt Street Sydney NSW 2000 Tel: (02) 8243 4900 Fax: (02) 8243 4999 www.scaproperty.com.au Disclaimer This presentation has been prepared by Shopping Centres Australasia Property Group RE Limited (ABN 47 158 809 851) (SCPRE) as responsible entity of Shopping Centres Au