Australian Unity Office Fund · ASX:AOF
Australian Unity Office Fund — H1 FY2023 Earnings Presentation
14 slides from Australian Unity Office Fund's earnings presentation, Feb 27, 2023
Slide 1: Australian Unity Office Fund 2023 Half Year Results
30 Pirie Street, Adelaide, artists impression, subject to change Australian Unity Office Fund 2023 Half Year Results February 2023 (ASX: AOF) Webcast | Teleconference 1
Slide 2: Acknowledgement of Country; Overview and Agenda
Acknowledgement of Country We acknowledge the traditional owners of the lands and waters within Australia and recognise the important connection to Country that Aboriginal and Torres Strait Islander People have. Overview and Agenda 1. Portfolio review 2. Financial results 3. Outlook and Guidance 4.
Slide 3: Delivering on Strategy
Delivering on Strategy Successful divestments provide an opportunity to continue to progress active asset management and the potential to return capital Asset Sales Distributions Three assets sold at or above 30 June 2022 independent 2.5 cents per unit (cpu) guidance for the March 2023 valuations qu
Slide 4: Asset Sales
Asset Sales Maximising returns to unitholders 30 Pirie Street, Adelaide Suggest we change 30 P to an ugly Gross sale price of $73.0 million in line with the 30 June 2022 independent valuation picture Settlement occurred on 20 December 2022 30 Pirie Street 30 Pirie Street, Adelaide, artists impressio
Slide 5: Portfolio
Portfolio1 Portfolio post the settlement of 2 and 5 Eden Park Drive, Macquarie Park presenting value add opportunities, supported by income producing assets Independent Capitalisation NLA2 Value WALE3 Occupancy Market Property State Valuation ($’m) rate (%) (sqm) $/sqm (years) (by NLA) Value-add Por
Slide 6: Refurbishment and Repositioning Opportunities
Refurbishment and Repositioning Opportunities 10 Valentine Avenue, Parramatta The opportunity includes floor upgrades, new lobby with contemporary end of trip & wellness facilities along with refurbished services infrastructure The objective is to create a workplace that is attractive to tenants, de
Slide 7: Financial and Capital Management - Half Year Ended December 2022
Financial and Capital Management1 - Half Year Ended December 2022 FFO per unit 7.4 cpu FFO benefitted from on-going strong leasing outcomes at multi-tenanted assets and Property NSW continuing to occupy approximately 3,000 sqm at 10 Valentine Avenue, Paramatta Distribution of 5.0 cpu for the half ye
Slide 8: Outlook and Guidance
Outlook and Guidance Guidance Distribution guidance1 of 2.50 cpu for the March 2023 quarter Distribution guidance1 will be provided on a quarterly basis until further notice Outlook Deliver on leasing and occupancy outcomes Continue proactive approach to portfolio construction, asset sales and activ
Slide 9: Appendices
150 Charlotte Street, Brisbane, artists impression subject to site amalgamation and change 468 St Kilda Road, Melbourne, Outlook and Strategic Guidance Appendices Review Australian Unity 9
Slide 10: Income Statement
Income Statement $’000 HY2023 HY2022 Change Note i . Reduction in rental income due to Property NSW largely vacating 10 Valentine Avenue, Parramatta in Rental income1 23,229 26,376 (3,147) i June 2022 and sale of 32 Phillip Street, Parramatta in December 2021 Property expenses2 (6,418) (6,021) (397)
Slide 11: Balance Sheet
Balance Sheet $’000 31 Dec 2022 30 June 2022 Change Note Assets i. Reduction in borrowings and increase in cash Cash and cash equivalents 8,155 3,261 4,894 i reflects sale of 30 Pirie Street, Adelaide Receivables 426 1,357 (931) Other Assets 241 873 (632) ii. Swap terminated following the sale of 30
Slide 12: Property Portfolio
Property Portfolio As at 31 December 2022 and adjusted for the sale of 2 and 5 Eden Park Drive, Macquarie Park Key Portfolio Metrics Lease expiry profile1 35% Number of properties 5 Boeing 30% 150 Charlotte St Occupancy1 67.4% 25% 20% Portfolio Value $316.0m 18% 33% 15% Weighted Average Capitalisati
Slide 13: AOF – Portfolio Environmental Performance as at December 2022
AOF – Portfolio Environmental Performance as at 31 December 2022 National Australian Built NABERS Energy Rating (No Greenpower Site Address Environment Rating System NABERS Water Included, public rating only) (NABERS) Rateable 10 Valentine Avenue, Parramatta, NSW Yes 5.5 5.5 150 Charlotte Street, Br
Slide 14: Important notice and disclaimer
Important notice and disclaimer The information provided in this presentation is issued by Australian Unity Investment Real Estate Limited ABN 86 606 414 368 AFSL 477434 (AUIREL), as responsible entity for the Australian Unity Office Fund (AOF). AUIREL is owned equally by subsidiaries of Australian
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