Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — EPRA Corporate Access Day London 2019
24 slides from Irish Residential Properties Reit's conference presentation, Jun 26, 2019
Slide 1: Irish Residential Properties REIT plc
PRIVATE & CONFIDENTIAL Irish Residential Properties REIT plc June 2019 EPRA CORPORATE ACCESS DAY – LONDON 26 JUNE 2019
Slide 2: I•RES REIT's Key Investment Attractions – The Story So Far
I•RES REIT’s Key Investment Attractions – The Story So Far… Established Operating High Quality Performing Attractive Market Backdrop Effective Platform Asset Base & Growth Opportunities Capital Allocation • Leveraging knowledge, • Portfolio of 2,6792 high- • Ireland was the fastest • Strategic deplo
Slide 3: I•RES REIT Financial Performance
I•RES REIT Financial Performance Revenue from Investment Properties Occupancy For the year ended 31 December 2018 2017 €60m 100% Operating Performance 99.8% 99.8% €50m 99% Revenue from Investment Properties (€m) 50.6 44.7 €50.6m €40m €44.7m 98.7% Net Rental Income (€m) 41.2 36.3 €38.8m 98% €30m Prof
Slide 4: Market Backdrop
Market Backdrop I•RES REIT Growth Strategy Continues to be Underpinned by Favourable Market Conditions Continued Strong Economic Growth Forecast Rapid Population Growth Housing Demand Significantly Above Supply 4% 3.8% 5.5m 1.6m 40,000 35k Est. National Annual Demand 35,000 5.3m 1.4m 3% New Dwelling
Slide 5: I•RES REIT Growth Strategy
I•RES REIT Growth Strategy Multi-Channel Growth Strategy to Deliver Sustainable Long-Term Growth 1 2 3 Acquisition of Development Development Completed Assets Partnerships of Existing I•RES Properties • Continued evaluation of new • Forward purchase agreements • Opportunity to add approx. acquisitio
Slide 6: Strong Execution on Growth Strategy
Strong Execution on Growth Strategy Hampton Wood Hansfield Wood II The Coast, Baldoyle Waterside, Swords Marathon XVI Portfolio2 Key: 128 units 95 units 52 units 55 units 815 units Completed acquisition • Acquisition in May 2018 for • Development agreement in • Acquisition in May ‘19 for c. • Acquis
Slide 7: Marathon XVI Portfolio Acquisition
Marathon XVI Portfolio Acquisition1 Portfolio Transaction Highlights I•RES REIT Asset Locations in Dublin Area • A significant, diversified and income producing PRS portfolio of 815 residential units M1 Existing I•RES Properties • Comprises 16 established properties in areas with strong rental deman
Slide 8: I•RES REIT Development Pipeline
I•RES REIT Development Pipeline Development and Intensification of Existing I•RES Properties is a Core Element of Growth Strategy Development Initiatives Planning Status • During 2018, significant progress made with No. of several planning applications for development Location Residential Units Stat
Slide 9: Ability to Drive Value Through an Efficient Operating and Investment Management Model
Ability to Drive Value Through an Efficient Operating and Investment Management Model By leveraging the global expertise, systems and technology platforms of CAPREIT (a global market leader), I•RES REIT seeks to deliver a superior tenant experience and performance for shareholders The “I•RES Advanta
Slide 10: A Place to Call Home
A Place to Call Home 2018 Annual Shareholders’ Meeting Irish Residential Properties REIT plc 10
Slide 11: Prudent Balance Sheet Management
Prudent Balance Sheet Management EPRA NAV I•RES Value Creation €650m €620m 170c €600m 160c • Pipeline of opportunities across I•RES’ three growth channels 150c €550m 142.0 €504m 140c • Expected market rental growth and capture of existing €500m €470m rent reversion 130c €435m €450m 118.5 112.5 120c
Slide 12: I•RES REIT │ Summary Conclusions
I•RES REIT │ Summary Conclusions Attractive market backdrop with strong economic fundamentals and significant demand and supply imbalance Three pronged growth strategy to continue to support building a leading residential rental business Portfolio growth strengthens I•RES’ position and ability
Slide 13: Appendix
Appendix
Slide 14: Significant, Diverse Portfolio in the Dublin Area
Significant, Diverse Portfolio in the Dublin Area 15 19 Dublin City Centre Secondary Suburbs 01 Kings Court 13 Priorsgate Smithfield D7 (83 Units) Tallaght D24 (103 Units) 18 02 The Marker Residence 14 The Laurels Docklands D2 (85 Units) Tallaght D24 (19 units) 03 Bakers Yard 15 Charlestown Portland
Slide 15: Existing Portfolio
Existing Portfolio No of apartments Average mthly rent Gross Yield at Property Location Year Built Occupancy 1,2 owned1 per apt.1,2 Fair Value City Centre 1 Kings Court Smithfield 2006 83 € 1,464 100.00% 6.6% 2 The Marker Docklands 2012 85 € 2,771 97.60% 4.4% 3 Bakers Yard Portland Street North 2007
Slide 16: Existing Portfolio (Cont.) – City Centre
Existing Portfolio (Cont.) City Centre Kings Court The Marker Residences Bakers Yard City Square 83 Residential Apartments 85 Residential Apartments 86 Residential Apartments 23 Residential Apartments Smithfield, Dublin 7 Grand Canal Dock, Dublin 2 Portland Street North, Dublin 1 Gloucester Street,
Slide 17: Existing Portfolio (Cont.) – Prime Suburbs
Existing Portfolio (Cont.) Prime Suburbs Beacon South Quarter Grande Central Rockbrook Grande Central The Forum 225 Residential Apartments 65 Residential Apartments & Rockbrook South Central 8 Residential Apartments Sandyford, Dublin 18 Sandyford, Dublin 18 270 Residential Apartments Sandyford, Dubl
Slide 18: Existing Portfolio (Cont.) – Prime Suburbs
Existing Portfolio (Cont.) Prime Suburbs The Maple Elmpark Green Bessboro 68 Residential Apartments 201 Residential Apartments 40 Residential Apartments Sandyford, Dublin 18 Merrion Road, Dublin 4 Terenure, Dublin 6 The Company completed the The Company acquired Elmpark The Company acquired Bessboro
Slide 19: Existing Portfolio (Cont.) – Secondary Suburbs
Existing Portfolio (Cont.) Secondary Suburbs Priorsgate The Laurels Charlestown Tallaght Cross West 103 Residential Apartments 19 Residential Apartments 235 Residential Apartments 442 Residential Apartments Tallaght, Dublin 24 Tallaght, Dublin 24 Finglas, Dublin 11 Tallaght, Dublin 24 The Company ac
Slide 20: Existing Portfolio (Cont.) – Secondary Suburbs, Inchicore/Drimnagh
Existing Portfolio (Cont.) Secondary Suburbs Inchicore/Drimnagh Coldcut Park Camac Crescent Lansdowne Gate Tyrone Court 90 Residential Apartments 90 Residential Apartments 224 Residential Apartments 95 Residential Apartments Clondalkin, Dublin 18 Inchicore, Dublin 8 Drimnagh, Dublin 12 Inchicore, Du
Slide 21: Strong Governance
IRISH RESIDENTIAL PROPERTIES REIT plc 2018 Investor Presentation Irish Residential Properties REIT plc Strong Governance Board of Directors Margaret Mark Kenney Aidan O’Hogan Declan Moylan Sweeney Independent Non-Executive Independent Non- Non- Independent and Non-Executive I-RES CEO & Executive Dir
Slide 22: Investment Management
2018 Investor Presentation Irish Residential Properties REIT plc Investment Management Investment Management Arrangements Summary I-RES Fund Management, an Irish subsidiary of • IRES Fund Management Limited (“IRES Fund”), an indirect wholly CAPREIT, is the company’s investment owned subsidiary of CA
Slide 23: Cautionary Statements
DISCLAIMER Cautionary Statements This presentation has been prepared by Irish Residential Properties REIT PLC (the “Company” or “I-RES”) for information purposes only. This presentation has been prepared in good faith but the information contained in it has not been independently verified and does n
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