Centuria Industrial Reit · ASX:CIP
Centuria Industrial Reit — BAML Australian Real Estate Conference 2017
22 slides from Centuria Industrial Reit's conference presentation, Oct 25, 2017
Slide 1: Centuria Industrial REIT – BAML Australian Real Estate Conference
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Centuria Industrial REIT BAML Australian Real Estate Conference 25 October 2017 24-32 STANLEY DRIVE, SOMERTON, VIC
Slide 2: Agenda
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only 1 Introduction 2 Portfolio Overview 3 Market Overview 4 Q1 Operating Update 5 Strategy & Summary 52-74 QUARRY ROAD, ERSKINE PARK, NSW
Slide 3: Introduction
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Section 1 Introduction
Slide 4: Centuria profile
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 Centuria profile For personal use only ASX-listed specialist investment manager Centuria Capital Group $4.3b FUM 1 Listed Property Industrial REIT (CIP) Unlisted Property Centuria Diversified Investment Cen
Slide 5: Introduction
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Introduction Australia’s largest income focused industrial REIT, with a portfolio exceeding $1bn A geographically diverse portfolio of 39 high quality fit for purpose assets Market cap
Slide 6: Portfolio Overview
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Section 2 Portfolio Overview
Slide 7: Portfolio composition
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Portfolio composition Fit for purpose assets in key metropolitan markets Geographic Diversification (by value) ‒ Portfolio value exceeding $1 billion ‒ Well diversified to accommodate
Slide 8: Tenant Composition
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Tenant Composition Income underpinned by high quality tenants Top 10 tenants (by Income) Tenant industry (by Income) Woolworths Limited 8.4% 9.20% Transport Logistics AWH Pty Ltd 7.8%
Slide 9: Market Overview
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Section 3 Market Overview
Slide 10: Economic Overview
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Economic Overview Positive economic indicators - Long period of sustained economic growth - Population growing at 1.6% yoy, fastest rate since Q1 2014 – underpinning demand for warehou
Slide 11: Supply
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Supply Availability reducing across all key markets Sydney (40% CIP portfolio) Melbourne (28% CIP portfolio) Brisbane (18% CIP portfolio) Significant reduction in available space sin
Slide 12: Manufacturing Sector
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Manufacturing Sector Manufacturing sector showing signs of improvement Trade Weighted Exchange Rate 80 - The ending of the resource investment boom has allowed other industries and the
Slide 13: Q1 Portfolio Update
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Section 4 Q1 Portfolio Update
Slide 14: Operating Highlights
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Operating Highlights Active approach generating results ‒ Portfolio occupancy increased by 1.4% to 93.5%¹ ‒ Portfolio WALE improved by 0.4yrs to 4.8yrs¹ ‒ 134,000sqm of leasing2 – 17.5
Slide 15: Leasing overview
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Leasing overview Leasing momentum continues in Q1-FY18 ‒ Secured 11 lease transactions in Q1-FY18 across 134,352sqm¹ Lease transactions by property¹ Tenant sqm Term Type ‒ 4new leases
Slide 16: Portfolio Metrics
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Portfolio Metrics Portfolio expiry risk transformed ‒ Significant de-risking of future lease expiry profile: ‒ Occupancy increased to 93.5% ‒ FY20 Expiries have reduced from 24.8% at J
Slide 17: Capital transactions
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Capital transactions Transactional activity improves portfolio quality Acquisitions − Invested $120.4 million in the first quarter, including 3 property acquisitions and stake in PLG.
Slide 18: Strategy & Summary
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Section 5 Strategy & Summary
Slide 19: Strategy
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Strategy Providing investors exposure to high quality income producing industrial investments Fund Strategy − Provide investors with exposure to a high quality portfolio of industrial
Slide 20: Summary
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Summary Key Metrics 39 $1.0b $635m 41.5% High quality assets Portfolio value1 Market capitalisation2 Gearing3 93.5% 4.8y 19.4cpu 7.6% Portfolio occupancy4 Portfolio WALE4 FY18 distribu
Slide 21: Disclaimer
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Disclaimer This presentation has been prepared by Centuria Property Funds No. 2 Limited (ABN 38 133 363 185, AFSL 340 304) (‘CPF2L’) as responsible entity of the Centuria Industrial RE
Slide 22: Thank you
CENTURIA INDUSTRIAL REIT I BAML AUSTRALIAN REAL ESTATE CONFERENCE I CIP:ASX I 25 OCTOBER 2017 For personal use only Thank you
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