Segro Plc · LSE:SGRO
Segro — Shareholder Meeting (April 2019)
13 slides from Segro's shareholder meeting presentation, Apr 18, 2019
Slide 1: 2019 Annual General Meeting
WE CREATE THE SPACE THAT ENABLES EXTRAORDINARY THINGS TO HAPPEN S EG RO S—<eeagges SEGRO PLC [ese 2019 ANNUAL ge GENERAL MEETING 18 APRIL 2019
Slide 2: 2018: Another year of delivery
2018: Another year of delivery SEGRO Strong financial results, balance sheet further strengthened Disciplined approach to capital allocation Further operational excellence, strong property operating metrics Well set for further outperformance in 2019 and beyond
Slide 3: Strong financial results and balance sheet
Strong financial results and balance sheet SEGRO Adjusted earnings per share Pence 16.4 2014 176 2015 Total Property Portfolio c So a 1 2 9 6 3 0 FA i 2014 2015 2016 - AUM 2016 2017 2017 +17.6% 2018 +18.3% © O° r< EPRA NAV per share 800 600 8 5 400 ' : ® 200 = a 0 2014 2015 2016 2017 Dividend per sh
Slide 4: Disciplined capital allocation: £327m net investment in 2018
Disciplined capital allocation: £327m net investment in 2018 SEGR * Including four urban warehouses estates in * £501m of development capex * Remaining assets in Belgium France and Poland * £47m infrastructure spend * 1.5m sq ft warehouse in Rome ¢ Newly built big box warehouse in the Netherlands fo
Slide 5: Operational excellence: driving rental growth on existing portfolio
Operational excellence: driving rental growth on existing portfolio SEGRO Strong leasing success in 2018! Capturing reversion from renewals Record levels of customer retention and reviews? and sustained high occupancy? 70 mNew rent contracted 6 90 60 mNet new rent on existing space 1 Net new rent on
Slide 6: Operational excellence: development securing further profitable growth
Operational excellence: development securing further profitable growth Development capex, £m Capex on developments and infrastructure £m (SEGRO share) 600 500 400 300 2012 i 2013 2014 2015 i, 2016 Ds 2017 I 2019 SEGRO 673,400 sq m of developments completed £40m of potential rent — 83% leased 8.2% av
Slide 7: Well set for further outperformance in 2019 and beyond
Well set for further outperformance in 2019 and beyond SEGR Prime portfolio of warehouses in strong locations A diversified customer base Future performance supported by powerful structural tailwinds Substantial land bank offers significant growth opportunity
Slide 8: Prime portfolio of warehouses in strong locations
Prime portfolio of warehouses in strong locations SEGRO Our key markets Portfolio split by geography and asset type (at 31 December 2018) Other, £0.6bn Italy, £0.6bn ‘| Poland, . London, £3.7bn , £0.9bn owe ‘Orns Orwsteno ee rozwas Set O DUsse.DoRF France, AUM %° Oranseunr @iaronce £1.2bn Orans * Or
Slide 9: A diversified customer base
A diversified customer base SEGRO Customer sectors (headline rent, SEGRO share) fot WORT CREO DSV weaarclays @) cata raponeoasis e aincevaa | KUEHNE/NAGEL @ — XPO a GEODIS EQUINIX VIRTUS Data Centres Transport & logistics 23% BOOKER —— % WP Hl Bidvest Wholesale & retail distrib - 7%. Sainsburys i "
Slide 10: Future performance supported by powerful structural tailwinds
Future performance supported by powerful structural tailwinds SEGRO Urbanisation Technological revolution oom Reducing land E-commerce Growth of digital Population growth availability growth data and the cloud Environmental and Power and data regulatory pressures connectivity 10
Slide 11: Substantial land bank offers significant potential for further income growth
Substantial land bank offers significant potential for further income growth SEGRO Annualised gross cash passing rent', £ million (as at 31 December 2018) Plus: further growth potential from rising ERVs and indexation SEGRO land bank (1 December 2018) Berlin , |_Diisseldort Leipzig 651 1% , Cologne
Slide 12: SEGRO has continued to perform well in 2019
SEGRO has continued to perform well in 2019 SEGRO Operational excellence: continuing to deliver profitable growth — £21m of new headline rent — vacancy reduced to just 4.4% — good uplifts from rent reviews and lease renewals Disciplined capital allocation: investment focused on development — £100m o
Slide 13: Forward-looking statements and Disclaimer
Forward-looking statements and Disclaimer SEGRO This document has been prepared by SEGRO plc (‘SEGRO’) solely for use at the presentation of SEGRO’s results announcement in respect of the year ended 31 December 2018 and subsequent performance of SEGRO for the first quarter of 2019. For the purposes