Dexus · ASX:DXS

Dexus — DEXUS Property Group — ASX Investor Series 2014

17 slides from Dexus's conference presentation, Oct 16, 2014

  1. Slide 1: DEXUS presentation to ASX Investor Series

    DEXUS Property Group (ASX: DXS) ASX release 16 October 2014 DEXUS presentation to ASX Investor Series For personal use only DEXUS Property Group (DEXUS) provides an overview presentation that will be presented at the ASX Investor Series in Sydney today. For further information please contact: Invest

  2. Slide 2: DEXUS Property Group ASX Investor Series Presentation

    DEXUS PROPERTY GROUP ASX INVESTOR SERIES PRESENTATION – 16 OCTOBER 2014 For personal use only DEXUS Funds Management Limited ABN 24 060 920 783 DEXUS AFSL Property 238163 Group – ASX as responsible Investor entity SeriesProperty for DEXUS 2014 Group Slide 1

  3. Slide 3: Important Information

    IMPORTANT INFORMATION  This presentation is issued by DEXUS Funds Management Limited (DXFM) in its capacity as responsible entity of DEXUS Property Group (ASX:DXS). It is not an offer of securities for subscription or sale and is For personal use only not financial product advice.  Information in

  4. Slide 4: Agenda

    AGENDA  Overview For personal use only  Portfolio overview  Development  Third Party Funds Management platform  Capital Management  Summary Information as at 30 June 2014 unless otherwise stated and quoted in Australian dollars. DEXUS Property Group – ASX Investor Series 2014 Slide 3

  5. Slide 5: Overview – DEXUS Property Group

    OVERVIEW – DEXUS Property Group $17.8bn For personal use only Total funds under management $9.1bn $8.7bn DEXUS portfolio Third Party Funds Management  A leading Australian real estate group  A Top 50 entity by market capitalisation on the ASX  30 years of experience in property investment, develo

  6. Slide 6: Overview – A clear and focused strategy

    OVERVIEW – A clear and focused strategy For personal use only DEXUS Property Group – ASX Investor Series 2014 Slide 5

  7. Slide 7: Overview – Earnings composition

    OVERVIEW – Earnings composition For personal use only FUNDS MANAGEMENT PROPERTY PORTFOLIO & PROPERTY SERVICES TRADING Maximising performance Driving performance and Delivering trading profits FY15 DRIVERS from the DEXUS property generating revenue from from identified properties portfolio funds mana

  8. Slide 8: Overview – Investor returns and distributions

    OVERVIEW – Investor returns and distributions DEXUS investor returns For personal use only  Total security holder return of 17.0%1 for the 12 months ended 30 September 2014  Distribution per security growth of 4.3% for FY14 and guidance of 8.5% growth for FY15 DISTRIBUTION GROWTH – CENTS PER SECUR

  9. Slide 9: Overview – Commonwealth Property Office Fund (CPA) transaction

    OVERVIEW –Commonwealth Property Office Fund (CPA) transaction CPA transaction For personal use only Transaction completed in $3.4bn 9 months transaction significantly and introduced new increased capital partner the Group’s office market share Successfully completed the integration of 20 properties

  10. Slide 10: Portfolio Overview – DEXUS office portfolio

    PORTFOLIO OVERVIEW – DEXUS office portfolio – 85% of balance sheet Geographical weighting by book value $7.7bn For personal use only Other Prime quality office portfolio Perth 4% 9%  Largest listed office portfolio in Australia Sydney Brisbane 61% — DEXUS owns interests in 53 office buildings 11% 5

  11. Slide 11: Portfolio Overview – Office occupancy and lease expiry profile

    PORTFOLIO OVERVIEW – DEXUS office occupancy and lease expiry profile  Maintained office occupancy rates well above Historical outperformance vs. National office occupancy rates1 For personal use only National average and 90%3 since 2004 100%  No more than 11.9%3 of the Group’s existing 95% office

  12. Slide 12: Portfolio Overview – DEXUS industrial portfolio

    PORTFOLIO OVERVIEW – DEXUS industrial portfolio – 15% of balance sheet Geographical weighting $1.4bn For personal use only by book value Prime quality industrial portfolio Melbourne 40% Sydney  50 industrial properties focused on major industrial hubs and 55% arterial roadways in Sydney, Melbourne

  13. Slide 13: Development – Overview

    DEVELOPMENT – Overview $3.3bn Up to15% For personal use only Group development pipeline of DEXUS portfolio $1.3bn $2.0bn allocated to development/ trading/value-add DEXUS portfolio Third Party Funds 42% committed 55% committed1 71% committed2 Mid-2015 completion Mid-2015 completion Early 2016 comple

  14. Slide 14: Third Party Funds Management Platform – Overview

    THIRD PARTY FUNDS MANAGEMENT PLATFORM – Overview $8.7bn 50 For personal use only Third party funds management platform Institutional investors  Third party funds represents 49% of total Group FUM Third party funds under management  DEXUS strives to be the wholesale partner of choice DEXUS Industri

  15. Slide 15: Capital Management – Conservative and disciplined approach

    CAPITAL MANAGEMENT – Conservative and disciplined approach  Highly experienced team with proven track record Key metrics 30 June 14 For personal use only Gearing (look-through)1 33.7%  Strong investment grade credit ratings Cost of debt2 5.4%  Maintained a solid balance sheet with gearing well in

  16. Slide 16: Summary

    SUMMARY  Expect economic conditions to strengthen For personal use only — However will face competitive leasing markets where vacancy remains elevated  Well positioned to deliver earnings growth through the cycles  Market guidance1 for FY15 — Property Council of Australia (PCA) Funds from Operati

  17. Slide 17: DEXUS Property Group ASX Investor Series Presentation

    DEXUS PROPERTY GROUP ASX INVESTOR SERIES PRESENTATION – 16 OCTOBER 2014 For personal use only DEXUS Funds Management Limited ABN 24 060 920 783 DEXUS AFSL Property 238163 Group – ASX as responsible Investor entity SeriesProperty for DEXUS 2014 Group Slide 16

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