Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — Shareholder Meeting (October 2023)
22 slides from Charter Hall Long Wale Reit's shareholder meeting presentation, Oct 19, 2023
Slide 1: Charter Hall Long WALE REIT 2023 Annual General Meeting
Charter Hall Social Infrastructure REIT Charter Hall Long WALE REIT 2023 Annual General Meeting 2023 Full Year Results
Slide 2: Acknowledgement of Country
Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall Long WALE REIT Charter Hall Long WALE REIT 2022 Full Y
Slide 3: Agenda
Agenda 1. Independent Chair’s Address: Peeyush Gupta AM 2. Fund Manager’s Address: Avi Anger 3. Questions 4. Items of Business Cover: Coles Distribution Centre Truganina, Melbourne VIC Left: Telstra Exhibition Street Exchange, Melbourne VIC Charter Hall Long WALE REIT 2023 Full Year Results
Slide 4: Independent Chair's Address: Peeyush Gupta
1 Independent Chair’s Address: Peeyush Gupta Crows Nest Hotel Charter CharterHall HallLong RetailWALE REIT REIT Charter Hall Long WALE REIT 2023 Full Year Full Year FY21 Results Results Sydney, NSW
Slide 5: Board of Directors and Fund Managers
Board of Directors Peeyush Gupta AM Chair Glenn Fraser Ceinwen Kirk-Lennox David Harrison Carmel Hourigan Non-Executive Director Non-Executive Director Managing Director & Group CEO Office CEO Fund Managers Avi Anger Darryl Chua Charter Hall Long WALE REIT Fund Manager Deputy Fund Manager 5
Slide 6: Best in class diversified real estate portfolio
Chair’s Address Best in class diversified real estate portfolio Woolworths Distribution Centre Dandenong, VIC $6.8 billion portfolio value High quality diversified portfolio1 Agri-logistics 4% Social Infrastructure Hospitality 15% 22% Hospitali… Convenience Office retail 18% 11% Diversified long WAL
Slide 7: 8.2% distribution yield generated from blue-chip tenants
Chair’s Address 8.2% distribution yield1 generated from blue-chip tenants in resilient industries 11.2 years long portfolio WALE provides income security Blue chip tenants proportion of Government, ASX-listed, multinational or national tenants 99% 51% of leases are linked to CPI with a 7.1% weighted
Slide 8: CLW ESG leadership
Chair’s Address CLW ESG leadership Achievements in FY23 Focus areas in FY24+ Environment Net Zero Carbon by 2025 Investing in clean energy 5.3 Star NABERS Energy Active partnership with tenants Accelerated Scope 1 and Scope 2 target 2MW of installed solar, an increase for Office Portfolio rating to
Slide 9: Fund Manager's Address: Avi Anger
2 Fund Manager’s Address: Avi Anger Australian Red Cross Alexandria Charter CharterHall HallLong RetailWALE REIT REIT Sydney, NSW 2023 Full Year Full Year FY21 Results Results
Slide 10: FY23 full year highlights
Fund Manager’s Address FY23 full year highlights1 Financial Portfolio Capital performance performance management Operating EPS of 11.2 year WALE 80% of drawn debt hedged 28.0 cents per security long term income security providing protection against rising interest rates in line with FY23 OEPS guidan
Slide 11: $6.8 billion diversified portfolio of high quality real estate
Fund Manager’s Address $6.8 billion diversified portfolio of high quality real estate Diversified across geography, real estate sector and tenant industries Key metrics Jun 22 Jun 23 Number of properties 549 549 Property valuation (A$m) 7,127 6,831 Weighted Average Capitalisation Rate (WACR) 4.35% 4
Slide 12: Transaction activity highlights
Fund Manager’s Address Transaction activity highlights Strategic portfolio curation and asset recycling into new WALE enhancing high quality investments Divestments – 3.1 years average WALE1 Investments – 10.2 years average WALE Industrial & logistics Social infrastructure Hospitality $112 million $
Slide 13: Best in class tenant register
Fund Manager’s Address Best in class tenant register Strong and stable tenant base of government, ASX-listed, multinational and national tenants Major tenants1 19% 4% 19% 3% 13% 3% 10% 3% 5% 2% 4% 1% 4% 1% 1. Weighted by net passing income as at 30 June 2023 Charter Hall Long WALE REIT 13
Slide 14: Focus on key defensive tenant industries
Fund Manager’s Address Focus on key defensive tenant industries1 Defensive and resilient to economic shocks Government (19%) Pubs and bottle shops (19%) Telecommunications (13%) Grocery & distribution (10%) The Glasshouse (NSW Government), Sydney New Brighton Hotel, Sydney 242 Exhibition Street, Mel
Slide 15: Long portfolio WALE
Fund Manager’s Address Long portfolio WALE1 Blue chip covenants providing long term income security 11.2 years 15.8% 12.0% 9.7% 8.6% 8.1% 6.7% 4.8% 4.8% 3.7% 3.7% 3.8% 3.2% 3.3% 3.4% 3.1% 2.0% 1.2% 0.6% 0.9% 0.3% 0.5% -% FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39
Slide 16: FY24 guidance
Fund Manager’s Address FY24 guidance Based on information currently available, including current interest rate and inflation expectations and barring any unforeseen events, CLW provides FY24 Operating EPS guidance of 26.0 cents and DPS guidance of 26.0 cents Coles Distribution Centre Truganina, VIC
Slide 17: Questions
Charter Hall Retail REIT Charter Hall Long WALE REIT Full Year FY21 Results 3 Geoscience Australia Canberra, ACT Questions
Slide 18: Items of Business
CharterHall Charter HallLong LongWALE WALEREIT REIT 4 Young & Jackson Melbourne, VIC Items of Business
Slide 19: Resolution 1 Re-election of Independent Director
Item of Business Resolution 1 Re-election of Independent Director To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Securityholders: “That Mr Glenn Fraser be re-elected as a director of Charter Hall WALE Limited.” Charter Hall Long WALE REI
Slide 20: Resolution 1 Re-election of Independent Director
Item of Business Resolution 1 Re-election of Independent Director FOR: 97.79% OPEN: .41% AGAINST: 1.80% Charter Hall Long WALE REIT 20
Slide 21: Meeting Closed
Meeting Closed Australian Red Cross Alexandria Charter Hall Retail REIT Sydney, NSW Charter Hall Long WALE REIT Full Year FY21 Results
Slide 22: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/clw IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the s
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