New Zealand Rural Land Co. Ltd. · NZX:NZL
New Zealand Rural Land — Shareholder Meeting (June 2023)
12 slides from New Zealand Rural Land's shareholder meeting presentation, Jun 23, 2023
Slide 1: ASM Presentation 23 June 2023
v New Zealand Rural Land Co The Rural Land Investors ASM PRESENTATION 23 JUNE 2023 www.nzrlc.co.nz listed on: NEW ZEALAND RURAL LAND COMPANY 1
Slide 2: Disclaimer
v DISCLAIMER The information and opinions in this presentation were prepared by New Zealand Rural Land Company (NZL). NZL makes no representation or warranty as to the accuracy or completeness of the information in this report. Opinions including estimates and projections in this report constitute t
Slide 3: ASM Agenda
ASM Agenda 1. Chair’s Introduction 2. Presentation to Shareholders 3. Questions 4. Resolutions NEW ZEALAND RURAL LAND COMPANY 3
Slide 4: At a Glance - December 2022
NZL: At a Glance - 31 December 2022 INTRODUCTION $298.8m $190.9m Total Assets Net Asset Value (NAV) $1.652 36.2%* NAV per Share Gearing *Total tangible assets divided by total bank debt. NEW ZEALAND RURAL LAND COMPANY 4
Slide 5: Today
NZL: Today INTRODUCTION New Zealand Rural Land Company is a landlord to New Zealand’s attractive agricultural sector. We own rural land and lease it to high quality tenants. 14,847 NZL currently owns 8 High Quality Tenants 100 % hectares of rural land. (36,688 acres) Occupancy Rate 11.5 Years Weight
Slide 6: Summary of FY23 - Acquisitions
NZL: Summary of FY23 - Acquisitions F Y 2 3 AC Q U I S I T I O N S On 14 April 2023, NZL announced the settlement of a forestry estate acquisition which comprises five individual properties with a total area of approximately 2,400 hectares. The total acquisition cost was ~$63m. The estate is leased
Slide 7: Summary of FY23 - Corporate Actions
NZL: Summary of FY23 - Corporate Actions C O R P O R AT E AC T I O N S On 26 May 2023 NZL announced an upgrade of FY24 earnings guidance, suspension of the FY23 interim dividend and an on- market share buyback. Due to the accretive nature of NZL’s forestry acquisitions, NZL upgraded its FY24 AFFO gu
Slide 8: Operational Update and Outlook
NZL: Operational Update and Outlook O P E R AT I O N A L U P DAT E NZL continues to work on mapping its current portfolio for marginal land (approx 171 ha) which can be enhanced with replanting and a programme to increase biodiversity. This is in the final stages of completion and NZL then plans to
Slide 9: Lease Income Outlook
NZL: Lease Income Outlook O U T LO O K NZL’s leases incorporate regular, uncapped, CPI reviews. Accordingly, high inflation will result in rental growth. Furthermore, NZL is insulated from inflation-impacted (and all other operational) on-farm costs by owning only the land. From 15 April 2024, NZL w
Slide 10: Resolutions
RESOLUTIONS NEW ZEALAND RURAL LAND COMPANY 10
Slide 11: Resolutions
3 Resolutions O U T LO O K To consider and, if thought fit, to pass the following ordinary resolutions: 1. Re-Election of Rob Campbell: that Rob Campbell, who retires as a Director in accordance with NZX Listing Rule 2.7.1 and NZL’s constitution, and being eligible, be re-elected as a Director of NZ
Slide 12: Rural Land Co
v New Zealand Rural Land Co The Rural Land Investors New Zealand Rural Land Company +64 9 218 2177 Level 1, 85 Fort Street info@nzrlc.co.nz Auckland CBD www.nzrlc.co.nz Auckland 1010 nzrlc New Zealand nzrlc listed on:
New Zealand Rural Land Company — Shareholder Meeting (June 2023) on 6ix