Charter Hall Group · ASX:CHC
Charter Hall — Investor Day (May 2011)
108 slides from Charter Hall's investor day presentation, May 18, 2011
Slide 1: Charter Hall Group Investor Day 2011
For personal use only Charter Hall Group Investor Day 2011 18 May 2011
Slide 2: Opening Address
For personal use only Charter Hall Group 01 Opening Address David Southon Joint Managing Director
Slide 3: Fully integrated property group
Charter Hall Group For personal use only Fully integrated property group • 20 years in business • Approx. 270 employees • Offices around Australia, and in Chicago (US), and Warsaw (Poland) • Approx. 300 assets • $10.4bn funds under management BRISBANE 23 people ADELAIDE PERTH 12 people 2 people SYDN
Slide 4: Our investment proposition
Our investment proposition For personal use only Our competitive advantage – Access to off balance sheet equity – Dynamic business model – Creation of value through in-house property skills Our core competencies – Experienced management team – Strong property expertise across all sectors – Indus
Slide 5: Dynamic business model
Dynamic business model For personal use only Charter Hall Group (ASX:CHC) Stapled Security Charter Hall Property Trust (CHPT) Charter Hall Limited (CHL) Property Investment Property Development Investment Total co-investments: $605m Funds Management Total co-investments: $58m EBITDA: 60% EBITDA: 33%
Slide 6: Experienced management team
Experienced management team For personal use only Strong management and property services capabilities David Harrison / David Southon Joint Managing Directors Cedric Fuchs Chief Financial Officer Executive Director Wholesale Investment Charter Hall Office REIT Charter Hall Retail REIT Opportunistic
Slide 7: Strong property expertise across all core property sectors
Strong property expertise across For personal use only all core property sectors HIGHER RISK OPPORTUNISTIC DIVERSIFIED VEHICLES (Development) Charter Hall Opportunistic Fund 4 / Charter Hall Opportunistic Fund 5 CORE PLUS OFFICE VEHICLES INDUSTRIAL VEHICLES (70% Core 30% Enhanced) Core Plus Office F
Slide 8: Business update
Business update For personal use only Activities since half year results – Executed $75 million Group debt facility – Significant progress on a range of development projects – Progressing initiatives to reweight listed entities to Australia – Increased stake in CQO to strategic weighting of 10% –
Slide 9: Key business goals
Key business goals For personal use only Recycling assets to optimise earnings and total investor returns Continue to re-weight FUM platform to Australia Short term Utilise in-house skills to reposition existing assets and enhance portfolio values Additional balance sheet allocation to incub
Slide 10: Order of the day
Order of the day For personal use only Presentations on key business units – Wholesale unlisted funds – Andrew Glass – Retail investor funds – Richard Stacker – Charter Hall Office REIT update – Adrian Taylor – Charter Hall Retail REIT update – Steven Sewell – Asset and property management – Craig
Slide 11: Wholesale Investment Funds
For personal use only Charter Hall Group 02 Wholesale Investment Funds Andrew Glass Head of Wholesale Investment Funds Management
Slide 12: Wholesale Investment Funds
Wholesale Investment Funds For personal use only Total assets in the superannuation sector of $1.32 trillion (Aust ranked 4th globally, Mercer) Latest APRA statistics highlight quarterly contributions of $13.1 billion received by industry, corporate and public sector funds (Dec qtr 2010) Chart
Slide 13: Core Plus Office Fund (CPOF) Overview
Wholesale Investment Funds For personal use only Core Plus Office Fund (CPOF) Overview Launched in 2006 to hold A-grade office assets in CBD locations across Australia $1.4bn in gross assets across 15 properties – exposure to all major capitals cities Fund managed by Chris Forbes (joined in 20
Slide 14: CPOF capital raising
Wholesale Investment Funds For personal use only Core Plus Office Fund (CPOF) Capital raising Fund opened to new capital in 3Q 2010 – supported by asset consultants Purpose of raising: acquire new assets at or near the bottom of the valuation cycle – de-leveraging completed through asset sales
Slide 15: CPOF recent acquisitions
Wholesale Investment Funds For personal use only Core Plus Office Fund (CPOF) Recent acquisitions Proceeds raised have been applied to acquire: Remaining 50% in 570 Bourke street, Melbourne ($76.5m); and 50% interest in Brisbane Square ($159m)with joint venture partner TelstraSuper Brisbane Squa
Slide 16: Core Plus Industrial Fund (CPIF) Overview
Wholesale Investment Funds For personal use only Core Plus Industrial Fund (CPIF) Overview Launched in 2007 to own modern logistics facilities on long term leases $500m in gross assets across 16 properties – exposure to all major capital cities Fund managed by Paul Ford (joined in 2006) Inve
Slide 17: CPIF capital raising
Wholesale Investment Funds For personal use only Core Plus Industrial Fund (CPIF) Capital raising Fund opened to new capital in 3Q 2010 – supported by asset consultants Purpose of raising: to acquire new assets at or near the bottom of the valuation cycle – no de-leveraging was required as fund
Slide 18: CPIF recent acquisitions
Wholesale Investment Funds For personal use only Core Plus Industrial Fund (CPIF) Recent acquisitions Proceeds raised have been applied to acquire: 24 Muir Road, Chullora on a forward funded basis ($51m); and Woolworths Regional Distribution Facility on a forward funded basis ($75m) 24 Muir Road
Slide 19: Third party mandate business overview
Wholesale Investment Funds For personal use only Third Party mandate business Overview Larger domestic pension funds have expressed demand for holding real estate assets directly Costs involved in establishing an in-house property team are prohibitive Offshore investors who have in-house resou
Slide 20: Third party mandate: 5 George Street, Brisbane
Wholesale Investment Funds For personal use only Third Party mandate business 275 George Street, Brisbane 41,000sqm prime CBD office building (5 Star Green Star rating) Developed by Charter Hall Opportunity Fund 4. 50% sold to K-REIT, Singapore for $166m in Feb 2010 Charter Hall continues to
Slide 21: Investor trends - Australia
Wholesale Investment Funds For personal use only Third Party mandate business Investor Trends - Australia Wholesale investors: total return focus with five to ten year investment horizon. Holding illiquid - due diligence critical and generally underwritten by specialist asset consultant research
Slide 22: Investor trends - Offshore
Wholesale Investment Funds For personal use only Third Party mandate business Investor Trends - Offshore Offshore groups are “first movers” across the pool of pension capital Offshore fund-of-fund managers most active offshore investor group in Australian unlisted funds. Fund-of-fund groups ac
Slide 23: Retail investor funds
For personal use only Charter Hall Group 03 Retail investor funds Richard Stacker CEO, Charter Hall Direct Property
Slide 24: Charter Hall Direct Property Overview
Charter Hall Direct Property For personal use only Overview Charter Hall Direct Property Management Ltd Funds under management $1.5 billion Number of Funds 13 Retail investors benefit from the Group’s: – Highly experienced property specialists – Pipeline of investment grade property – Focus on qua
Slide 25: Retail Investor Funds - Business/Fund Objectives
Charter Hall Direct Property For personal use only Retail Investor Funds - Business/Fund Objectives Providing educational and practical strategies for advisers and their investors in making portfolio and lead the unlisted property sector by investment decisions around property Provide retail inv
Slide 26: Team/Product
Charter Hall Direct Property For personal use only Team/Product CEO RETAIL INVESTOR FUNDS Richard Stacker FUND MANAGER FUND MANAGER FUND MANAGER HEAD OF RETAIL PSF OFFICE/SYNDICATES INDUSTRIAL RETAIL DISTRIBUTION Steven Bennett Richard Mason Campbell Aitken Ross Victor DIF DRF CHDPF $110m (open)¹ $1
Slide 27: Unlisted property funds – pre and post GFC
Charter Hall Direct Property For personal use only Unlisted property funds – pre and post GFC Total Assets % of Total Fund Manager1 2010 Ranking 2008 Ranking ($M) Industry Centro Properties Group 1 1 4,193 22% Orchard Funds Limited (Group Ranking) 2 2 1,817 10% Charter Hall Funds Management Ltd 3 10
Slide 28: Accessing SMSF growth – the opportunity
Charter Hall Direct Property Accessing Self Managed Super Fund (SMSF) For personal use only growth – the opportunity $3,000bn $3.0 trillion (10% growth pa) SMSFs $2,500bn Retail $2.5 trillion Public sector (7% growth pa) $2,000bn Industry Corporate $1,500bn Other 1997-2010: 11% pa average growth $1,
Slide 29: Longevity vs. Investment Risk
Charter Hall Direct Property For personal use only Longevity vs. Investment Risk Experiences like the Global Financial Crisis may cause some investors to favour defensive assets eg. term deposits Investors may lock in losses by selling down growth assets at bottom of cycle Low levels of growth
Slide 30: Issues faced by Unlisted Retail Sector (post GFC)
Charter Hall Direct Property For personal use only Issues faced by Unlisted Retail Sector (post GFC) Issues Lesson learned Outcome Lower quality assets increased Diversified portfolio of investment Asset quality income, valuation and refinancing grade assets; risk Long term leases Gearing adjusted f
Slide 31: Funds launched to meet new retail investor requirements
Charter Hall Direct Property For personal use only Funds launched to meet new retail investor requirements Term of investment and exit Asset management period Liquidity Strict investment mandate Target equity Initial 5 years event 2/3 years & portfolio assets Acquire quality portfolio Potential di
Slide 32: Example - Direct Industrial Fund
Charter Hall Direct Property For personal use only Example - Direct Industrial Fund Lettable Area Development Independent Committed Initial Lease Fixed Rent Properties State (sqm) Cost Valuation Occupancy Term Increases Toll Fleet & Auto Logistics Centre VIC 6,318 $23.2 million $24.4 million 100% 15
Slide 33: Outlook
Charter Hall Direct Property For personal use only Outlook Business positioned and recognised as leading unlisted retail sector Preferred partner for major dealerships and boutique planning firms for unlisted property allocation Inflows into growth assets such as property, will increase as fin
Slide 34: Charter Hall Office REIT
For personal use only Charter Hall Group 04 Charter Hall Office REIT Adrian Taylor CEO, Charter Hall Office REIT
Slide 35: Team Structure
Charter Hall Office REIT For personal use only Team Structure Board Majority Independent Directors with Independent Chairman CEO Chief Operating Officer Head of US Portfolio Management Chief Financial Officer Charter Hall Group shared service Financial management Asset & Facilities management Proper
Slide 36: Strategic initiatives enhancing earnings quality
Charter Hall Office REIT For personal use only Strategic initiatives enhancing earnings quality Agreed terms over 7.3% of portfolio since December 2010 Active Portfolio Management Rent increases over 16% of the portfolio since December 2010 WALE of 4.8 years Sold interest in Japanese assets
Slide 37: Outperformance since announcement of strategic initiatives
Charter Hall Office REIT For personal use only Outperformance since announcement of strategic initiatives CQO unit price increased by 45.8% between announcement of strategic initiatives in August and 16 May 2011, while the ASX 200 REIT Index performance was -3.1% in the same period 3.60 OPERATIONA
Slide 38: Active Portfolio Management
Charter Hall Office REIT For personal use only Active Portfolio Management Key achievements to 1 May 2011 include: – Leases agreed across 85,700 square metres since December 2010 – 5 Queens Road, Melbourne – occupancy recently taken to 100% – NCR House, North Sydney – terms agreed over 2,629 squar
Slide 39: United States strategy update
Charter Hall Office REIT For personal use only United States strategy update Current status Bank of America Merrill Lynch (BoAML) has engaged with a broad range of parties seeking their interest in respect of the US portfolio Invitation for Expressions of interests has closed with broad ranging
Slide 40: Proactive Capital management
Charter Hall Office REIT For personal use only Proactive Capital management Closed US$275m secured credit facility for five of its United States assets – Comprises $190m five-year term loan and $85m revolver facility for capital expenditure – Refinances loan maturities and One & Three Christina Ce
Slide 41: Outlook
Charter Hall Office REIT For personal use only Outlook Reconfirm FY11 operating earnings guidance to approximately 26 cpu1 despite FX impact CQO positioned to capitalise on economic and property recovery and CQO investors are expected to benefit from: Continued execution of strategy Strengthen
Slide 42: Charter Hall Retail REIT
For personal use only Charter Hall Group 05 Charter Hall Retail REIT Steven Sewell CEO, Charter Hall Retail REIT
Slide 43: Highlights
Charter Hall Retail REIT For personal use only Highlights Since March 2010, acquired six properties valued at $265m1 at average initial Reweighting to yield of 8.9% Australia Contracted to acquire eight neighbourhood and sub-regional properties from Woolworths in 50/50 partnership with Telstra S
Slide 44: Balance sheet strength and liquidity
Charter Hall Retail REIT For personal use only Balance sheet strength and liquidity Positioned to take advantage of identified growth opportunities and deliver solid returns to investors Sale of non-core assets: 15 New Zealand properties sold for NZ$85.3m, remaining two expected to settle by Septe
Slide 45: Woolworths portfolio acquisition
Charter Hall Retail REIT For personal use only Woolworths portfolio acquisition The REIT has contracted to acquire six neighbourhood and two sub-regional shopping centres in a newly formed 50/50 joint venture with Telstra Super The portfolio represents an excellent fit for the REIT and Rutherford
Slide 46: Australian CMBS refinancing
Charter Hall Retail REIT For personal use only Australian CMBS refinancing Funding commitment to repay A$CMBS facility in September 2011, twelve months ahead of its maturity Refinanced by a placement of notes to Australian superannuation fund manager, UniSuper Key Terms: – Facility limit: $250
Slide 47: Core portfolio performance
Charter Hall Retail REIT For personal use only Core portfolio performance March 2011 Same Number of Anchor Performance metrics Occupancy property NOI Rent growth2 properties WALE3 growth1 Australia 62 98.7% 3.7% 10.0% 9.2 years Europe 7 98.3% 1.8% 4.5% 3.3 years Total 69 98.5% 3.2% 8.9% 8.9 years
Slide 48: Unit price performance
Charter Hall Retail REIT For personal use only Unit price performance 125.0 120.0 115.0 110.0 105.0 100.0 95.0 30 Jun 10 31 Jul 10 31 Aug 10 30 Sep 10 31 Oct 10 30 Nov 10 31 Dec 10 31 Jan 11 28 Feb 11 31 Mar 11 30 Apr 11 CQR S&P A-REIT 200 The REIT’s unit price has outperformed the broader A-REIT
Slide 49: Relative performance
Charter Hall Retail REIT For personal use only Relative performance Despite an attractive earnings yield and strong forecast earnings growth compared to its listed peers, CQR continues to trade at a significant discount to NTA NTA Premium / (Discount) Capitalisation Rate 8.13% WDC BWP CQR CFX WRT 7.
Slide 50: Strategy and outlook
Charter Hall Retail REIT For personal use only Strategy and outlook Reinforce leadership position as pre-eminent owner of neighbourhood and sub-regional shopping centres in Australia Focus on completion of remaining contracted offshore disposals and redeployment of net proceeds to optimise long
Slide 51: Questions and answers
For personal use only Questions and answers 51
Slide 52: Asset and property management
For personal use only Charter Hall Group 06 Asset and property management Craig Newman Head of Asset Management
Slide 53: Asset and property management Overview
Asset and property management Overview For personal use only The Charter Hall asset management team provides services over commercial, industrial and retail assets which seek to improve property performance by maximising income and asset values. Team of 20 asset managers and support members with
Slide 54: Office asset locations
Asset and property management Office asset locations For personal use only 54
Slide 55: Industrial asset locations
Asset and property management Industrial asset locations For personal use only 55
Slide 56: What does the team do?
Asset and property management What does the team do? For personal use only Mission: maximise income and value, maintain high occupancy levels & tenant retention Key functions: – Setting strategies for leasing : vacancies and renewals – Driving rental growth through direct negotiation of leases a
Slide 57: Deliverables - outputs for fund managers
Asset and property management For personal use only Deliverables - outputs for fund managers Item Frequency Use Strategic asset plans Annual Key action items Hold/Sell/Trade assessment Budgets – income & expenditure Annual – reviewed monthly Income forecasting Budgets – capital expenditure Annual –
Slide 58: Integrated property business
Asset and property management Integrated property business For personal use only Utilising skills and experience across the Group Leveraging across services Budgets Setting and managing assets to achieve income targets Property management Property performance Monthly management meetings Tenant relat
Slide 59: Delivering results…
Asset and property management Delivering results… For personal use only Recent leasing achievements by the Australian team include: Asset Tenant CHDPF 300 La Trobe St, • Telstra renewal over 23,482 sqm for 12 years Melbourne VIC 5 Queens Rd, • Beca renewal over 3,359 sqm + expansion Melbourne VIC ov
Slide 60: Integrated property management
Asset and property management Integrated property management For personal use only Mission: Deliver quality integrated property services to maximise asset performance On 1 January 2011 Charter Hall extended internal property management over CQO & CHDPF Team functions: – Day-to-day running of o
Slide 61: Charter Hall Property Management
Asset and property management Charter Hall Property Management For personal use only Key statistics are as follows: Total Retail Office & Industrial No of Properties 147 77 70 No of Tenants 2,001 1,451 550 GLA (‘000 sqm) 1,524 524 1,000 61
Slide 62: Development Services
For personal use only Charter Hall Group 07 Development Services Chris Chapple Head of Development Services
Slide 63: Development Services
Development Services For personal use only Team of 20 highly skilled people Provide active development management services to all funds Completed in excess of $3.5 billion of projects Proven ability to provide innovative property solutions Long standing relationships with our partners Ab
Slide 64: Development Profile
Development Services Development Profile For personal use only 29 Active Over projects book 1,000 $1.8b dwellings 170,000sqm 190,000sqm 120,000sqm office retail industrial space space space As at 31 December 2010. 64
Slide 65: Value of development book
Development Services Value of development book For personal use only Sector State Industrial SA NZ Household 8% 2% Retail 6% Tas 6% 3% WA NSW Retail Commercial 18% 37% 22% 47% Residential Vic Qld 19% 24% 8% As at 31 December 2010. 65
Slide 66: Active development book
Development Services Active development book For personal use only Name Address Sector Fund Anticipated Completion Date 40 Creek Street, 40 Creek St Commercial CHOF5 Completed Brisbane, QLD Home HQ, Corner of Frederick Street and Reserve Road, Household Retail CHOF4 Completed North Shore Artarmon, N
Slide 67: Recent achievements
Development Services Recent achievements For personal use only Secured development partner (TA Global) to develop the $600 million Little Bay project (CHOF5). Works commenced on site by CIP. BHPB pre-committed to 12,000sqm at 171 Collins Street (CQO). Brookfield Multiplex subsequently commenced
Slide 68: Recent achievements
Development Services Recent achievements For personal use only Lacrosse apartments in Docklands, Melbourne (CHOF5) has achieved 98% pre-sales 12 months before completion and Aquilo (in Mentone) (CHOF5) has achieved over 80% pre-sales with completion not due until end 2012. Mitre 10 and The Wareh
Slide 69: Commercial developments
Development Services Commercial developments For personal use only Pirie Street 51 Pirie Street, Adelaide, SA CPOF 21 storey, A-grade office building 32,700sqm (NLA) Completion – Late 2014 Indicative Image 171 Collins 171 Collins Street, Melbourne, Vic CQO Premium grade 31,000sqm office deve
Slide 70: Retail developments
Development Services Retail developments For personal use only Gowrie Street Mall Corner Gowrie Street and John Street, Singleton, NSW CQR A redeveloped and extended neighbourhood shopping centre 20,611sqm (NLA) Completion – Early 2013 Indicative Image Allenstown Plaza Corner Derby Street and
Slide 71: Industrial developments
Development Services Industrial developments For personal use only Volkswagen 24 Muir Road Chullora, Sydney, NSW CPIF Warehouse and Distribution Centre 26,650sqm (NLA) Completion – August 2011 Indicative Image Development constructed by CIP Grace 450 Sherbrooke Road, Willawong, QLD DIF Log
Slide 72: Sustainability
For personal use only Charter Hall Group 08 Sustainability Claire Orton Head of Sustainability
Slide 73: Sustainability
For personal use only Sustainability 73
Slide 74: What does sustainability mean for Charter Hall?
What does sustainability mean for For personal use only Charter Hall? 74
Slide 75: Sustainability and our developments
Sustainability and our developments For personal use only Home HQ North Shore 130 Stirling Street ♦ First development to achieve Green Star ♦ Practical Completion June 2009 Retail Centre rating ♦ 100% leased to key tenants ♦ Adaptive re-use of heritage listed building ♦ Sustainable design features ♦
Slide 76: Sustainability and our managed properties
Sustainability and our managed For personal use only properties Implementing energy efficiency strategies is delivering results in the retail sector: ♦ Orange Metro Plaza achieves 20% reduction in energy consumption in 1 year ♦ Savings on energy costs of 10% in 2010 ♦ Achieved through improved monit
Slide 77: Sustainability and our stakeholders
Sustainability and our stakeholders For personal use only Development projects continue to partner with local Connecting with communities charities: ♦ $95,000 raised for Young Care by 40 Creek Street, Brisbane development ♦ $20,000 raised to date for Lighthouse Foundation by Lacrosse Apartment devel
Slide 78: Sustainability and our future
Sustainability and our future For personal use only Ensuring oversight of our sustainability activities by senior management Continue to collect robust, auditable sustainability data Establishing measurable objectives and targets for each Fund Developing and implementing property specific su
Slide 79: Questions and answers
For personal use only Questions and answers 79
Slide 80: Charter Hall Opportunistic Funds
Charter Hall Group For personal use only 09 Charter Hall Opportunistic Funds Michael Winnem Head of Wholesale Opportunistic Funds Management
Slide 81: CHOF series
Charter Hall Opportunistic Funds CHOF series For personal use only Targets projects with Gross Equity IRR of 20% + Fund Management Fee (FMF) of 1% on drawn equity, equity drawn from investors as required to meet project requirements Performance Fees payable at 33.34% of profit above an equity
Slide 82: CHOF4 - (2005 Vintage)
Charter Hall Opportunistic Funds For personal use only CHOF4 - (2005 Vintage) CHOF4 is fully allocated ($165 million committed equity) with diversity across eight projects Forecast gross equity IRR of 19.7% Two projects yet to be realised Home HQ North Shore Reserve Rd, Artarmon, NSW First 4
Slide 83: CHOF5 – (2007 Vintage)
Charter Hall Opportunistic Funds CHOF5 – (2007 Vintage) For personal use only CHOF5 has currently allocated 94% of its equity ($300 million committed equity) across six projects Forecast gross equity IRR of 8.3% 40 Creek St 40 Creek St, Brisbane, QLD 12,373sqm commercial office building fully
Slide 84: CHOF5: WorkZone and Little Bay
Charter Hall Opportunistic Funds CHOF5 For personal use only WorkZone 202 Pier Street, Perth, WA Development Application approved for a 27,911sqm commercial office building Construction tendered with price and program within feasibility allowances Major leasing pre-commitment close to being se
Slide 85: CHOF5: Aquilo and Lacrosse Apartments
Charter Hall Opportunistic Funds CHOF5 For personal use only Aquilo Oak Avenue, Mentone, Melbourne, Vic 119 architecturally designed townhouses over three stages First 27 townhouses under construction with completion scheduled for December 2011 Currently exchanged on 97 townhouses (82%) Indica
Slide 86: New Fund Initiatives
Charter Hall Opportunistic Funds New Fund Initiatives For personal use only Limited investor appetite for equity commitments to blind pooled funds, such as CHOF6 at this point in the cycle Appetite for project by project equity commitments Investor interest in Segregated Mandate style funds wi
Slide 87: Case Study – Home HQ North Shore
Charter Hall Opportunistic Funds Case Study – Home HQ North Shore For personal use only Heritage listed industrial building which has been converted into a modern functional 3 level household retail centre First 4 Star Green Star Household retail centre in Australia 22,200sqm facility with str
Slide 88: CIP
For personal use only Charter Hall Group 10 CIP Paul McKenna Managing Director, CIP
Slide 89: CIP Overview
CIP Overview For personal use only • Specialist developer of Commercial and Industrial Property • Active in each of the capital cities. Brisbane, Sydney, Melbourne, Adelaide and Perth • Experienced Senior Management Team • Hands on ‘In house” expertise to provide fully integrated services to clients
Slide 90: History of CIP
History of CIP For personal use only • CIP Founded in 2003 • Initially managing and developing Santilli family industrial portfolio • CIP quickly gained support from network of tenants and investors • CIP assembled a highly skilled, experienced team of professionals • Most had worked with founders i
Slide 91: CIP Net Profit Before Tax
CIP Net Profit Before Tax For personal use only NPBT Financial Year Actual Page | 91 Developing Relationships Building Success
Slide 92: Senior Management Team
Senior Management Team For personal use only • A Broad range of skills is required to successfully operate • The senior management team has intentionally been assembled to have a wide and varied range of qualifications • Staff have qualifications in many fields including; • Planning • Architectural
Slide 93: CIP Executive Structure
CIP Executive Structure For personal use only CIP Board of Directors David Southern David Harrison Dennis Santilli Paul McKenna Deputy Managing Managing Director Director Therese Lynch Paul McKenna Chief Financial Procurement & New Business Commercial/Legal General Manager Acquisition Officer Design
Slide 94: Clients
Clients For personal use only • CIP’s revenue is intentionally spread both geographically and across market sectors.(e.g. Development, Design & Construct Building, Project Management) • This assists in reducing the impact of negative trends in any particular geographic or market sector • CIP has dev
Slide 95: Clients (cont…)
Clients (cont…) For personal use only • CIP has placed its product with a variety of end investors. Charter Hall managed funds have continued to be a strong investor in CIP product where the product meets investment criteria. (e.g. Coles WA, VGA Chullora NSW, Smorgans Pinkenba QLD- CPIF, Grace Willa
Slide 96: Current Projects
Current Projects For personal use only State Current Projects Queensland • Grace, Willawong, QLD Willawong — 12 year pre‐lease — 21,880m2 Office, Warehouse • Brisbane Bus depot, Sherwood, QLD — 25 year pre‐lease — 6.3 Ha Site • Logan link industrial development, Berrinba, QLD — Development managemen
Slide 97: Current Projects
Current Projects For personal use only State Current Projects VIC • Toll Dnata — Design and construct Building contract at Melbourne Airport • Primus, Melbourne Airport Business Park, VIC — 10 year pre‐lease — 18,036m2 office warehouse SA • P&O – Gillman, SA — 15 Year pre‐lease — 30,000m2 site for O
Slide 98: Case Study: VGA – Chullora
Case Study For personal use only VGA – Chullora Page | 98 Developing Relationships Building Success
Slide 99: Case Study: VGA – Chullora (cont…)
Case Study For personal use only VGA – Chullora (cont…) • CIP approach landowner of 7Ha parcel of well located land within Chullora Technology Park • The corporation who owned the land had no further need for the land • CIP agreed to purchase the land subject to acquiring a suitable pre-lease for pa
Slide 100: Case Study: VGA – Chullora (cont…)
Case Study For personal use only VGA – Chullora (cont…) • CIP & Charter Hall worked in close partnership to close out the necessary lease & investment documentation • CIP Design team work closely with client to prepare the detailed design to clients operational requirements • CIP Planning team prepa
Slide 101: Case Study: Brisbane Bus Depot
Case Study For personal use only Brisbane Bus Depot Page | 101 Developing Relationships Building Success
Slide 102: Case Study: Brisbane Bus Depot (cont…)
Case Study For personal use only Brisbane Bus Depot (cont…) Brisbane Council call for expressions of interest for a party to buy 7.8Ha of land at Sherwood, Design and Construct a purpose built Bus Depot and enter a 25 year lease back with the successful party. • The Bus Depot included a Service Gara
Slide 103: Outlook for CIP
Outlook for CIP For personal use only • CIP is readily scalable • CIP is well positioned to take advantage of improving markets as the economic recovery matures. • CIP growth is largely dependent on business confidence & business growth in the economic community • The medium term prospects for econo
Slide 104: Questions and answers
For personal use only Questions and answers 104
Slide 105: Important Information
Important Information For personal use only This presentation has been prepared by Charter Hall Group (Charter Hall Limited (ABN 57 113 531 150) and Charter Hall Funds Management Limited (ABN 31 082 991 786) (AFSL 262861) (“CHFML”) as the responsible entity for Charter Hall Property Trust (ARSN 113
Slide 106: Property tour: Asset notes
For personal use only Charter Hall Group Property tour Asset notes
Slide 107: Further information
For personal use only Further information David Southon David Harrison Joint Managing Director Joint Managing Director +61 2 8908 4025 +61 2 8908 4033 david.southon@charterhall.com.au david.harrison@charterhall.com.au Kylie Ramsden Head of Listed Investor Relations +61 2 8295 1016 kylie.ramsden@char
Slide 108: charterhall.com.au
For personal use only charterhall.com.au