Goodman Group · ASX:GMG
Goodman — Q1 FY15 Earnings Presentation
32 slides from Goodman's earnings presentation, Oct 28, 2014
Slide 1: Goodman Group Quarterly Update
Goodman Group Goodman Group Quarterly Update For personal use only May 2014 Global partner + Global platform
Slide 2: Contents
Contents For personal use only + Section 1 Quarterly operational highlights + Section 2 Global development business + Section 3 Brazil platform + Appendices - Leasing - Development - Funds management - Urban renewal 2
Slide 3: Important notice and disclaimer
Important notice and disclaimer For personal use only + This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071), Goodman Funds Management Limited (ABN 48 067 796 641; AFSL Number 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839) and Good
Slide 4: Section 1 Quarterly operational highlights
For personal use only Section 1+ Quarterly operational highlights Munich Airport Logistics Centre, Germany
Slide 5: Quarterly operational highlights
Quarterly operational highlights For personal use only + Globally, demand and pricing of industrial real estate is increasing as a result of capital flows and limited supply. Goodman is benefiting from this by: – Executing on asset recycling program, divesting $322 million of investment properties d
Slide 6: Snapshot
Snapshot¹ For personal use only $27.7 billion $23.2 billion $2.7 billion $4.5 billion total assets under management 3%² external assets under management 4%² Development work in progress 3%² direct property investment portfolio 2%² + 1,800 18 million 432 customers sqm of industrial and properties und
Slide 7: Quarterly operational highlights
Quarterly operational highlights¹ For personal use only + Occupancy maintained at 96% across all markets + Retention at 77% and WALE of 4.8 years Own + 0.8 million sqm leased year to date, representing $91 million in annual rental income across the Group and managed funds + Positive reversions of 3.
Slide 8: Quarterly leasing highlights
Quarterly leasing highlights For personal use only Sale Leasing Park West Industrial Estate, Melbourne, Australia Goodman Kangqiao Distribution Centre, Shanghai, Citadel, Wolverhampton, UK China Amazon, Pforzheim, Germany Vatry, Framce Transaction Transaction Transaction Leasing type Leasing type Le
Slide 9: Section 2 Global development business
For personal use only Rheinberg Logistics Centre , Germany Section 2+ Global development business Bungarribee Industrial Estate, Australia
Slide 10: Quarterly development highlights
Quarterly development highlights For personal use only + Customer demand for quality warehouse facilities continues to be observed – supply and demand remains in balance + Primarily demand driven by e-commerce operators, third party logistic operators and parcel and express companies + The Americas
Slide 11: Global development business
Global development business For personal use only Sale Leasing Lytton Industrial Estate, Brisbane, QLD Central Park Corporate Centre, Auckland, New Zealand Goodman Citylink, Langfang, China Lettable area 40,920 sqm Lettable area 42,821 sqm Lettable area 129,000 sqm Contracted Contracted owner GAIF o
Slide 12: Global development business
Global development business For personal use only Sale Leasing Goodman Mizue, Tokyo, Japan Geopost, Hinckley, United Kingdom Oakland, San Francisco , USA Land area 29,810 sqm Land area 8 acres Land area 19 acres Lettable area 164,500 sqft Lettable area 58,932 sqm Lettable area 374,725 sqft Contracte
Slide 13: Urban renewal highlights
Urban renewal highlights For personal use only + Continued strategy of ensuring returns are optimised for individual properties + Higher and better use continues to be a key value add driver achieved through planning outcomes and subsequent sale – Positive outcomes on a number of Southern, Northern
Slide 14: For personal use only
For personal use only
Slide 15: Brazil platform
Brazil platform For personal use only + Goodman Group entered the Brazilian market in November 2012 through a joint venture with WTorre + The platform combines Goodman’s global expertise and access to capital and WTorre’s local market knowledge and experience – Joint venture established through the
Slide 16: Brazil industrial market snapshot
Brazil industrial market snapshot For personal use only + GDP growth projection for 2014 is approximately 0.3% per annum Summary + Investment volumes are increasing due to the arrival of new international investors + In 2013, Class A logistic facilities reached 9 million sqm of inventory, an increas
Slide 17: Market Overview: Target Markets – Sao Paulo State
Market Overview For personal use only Target Markets – Sao Paulo State Jundiaí Campinas Itupeva São Paulo metro Cajamar Campinas Jundiaí Industrial infill Cajamar Hortolândia Louveira locations Vinhedo 17
Slide 18: Market Overview: Target Markets – Rio de Janeiro State
Market Overview For personal use only Target Markets – Rio de Janeiro State Dutra Av Brasil Washington Luís Queimados Campo Grande Duque de Seropédica Santa Cruz Caxias Nova Iguaçu Itaguaí Xerém Belford Roxo 18
Slide 19: Development Pipeline
Development Pipeline For personal use only Development site Deliverable WIP GLA sqm GLA sqm Betim IBP – Rio de Janeiro 131,000 74,000 Itupeva – São Paulo 270,000 58,000 Campo Grande – Rio de Janeiro 280,000 155,000 Cajamar 132,000 - Betim – Minas Gerais 63,000 - Total 876,000 287,000 Cajamar IBP Itu
Slide 20: WTGoodman Itupeva
WTGoodman Itupeva For personal use only Itupeva – Sao Paulo Site Area 816,032 sqm Total Lettable 269,858 sqm area Phase I 84,497 sqm + The site is located approx. 60 km to the northwest of São Paulo on the Bandeirantes Phase II 57,933 sqm (Exp. Delivery: 2015) Highway, one of the main industrial/log
Slide 21: WTGoodman Itupeva Phase II
WTGoodman Itupeva For personal use only Phase II 21
Slide 22: WTGoodman Campo Grande
WTGoodman Campo Grande For personal use only Campo Grande – Rio de Janeiro – Phases I and II Site Area 291,000 sqm Phase I and II 145,392 sqm (Exp. Delivery: 2015) + Via Varejo is one of the largest consumer goods retailers in Brazil. Currently the company is controlled by Groupe Casino, and has ann
Slide 23: Appendix 1 Leasing
For personal use only Appendix 1+ Leasing M20 Business Park, New Zealand 23
Slide 24: Leasing
Leasing¹ For personal use only Across the Group and Funds platform: + Positive lease reversions of 3.8% on new leasing deals + Occupancy maintained at 96% with weighted average lease expiry of 4.8 years Region Leasing area (sqm) Net annual rent (A$M) Average lease term (years) Australia 288,836 42.9
Slide 25: Appendix 2 Development
For personal use only Appendix 2+ Development Kobe, Japan
Slide 26: Developments
Developments For personal use only Q1 FY15 Developments Completions Commitments Work in progress Value ($M) 434 490 2,678 Area (m sqm) 0.4 0.4 2.3 Yield (%) 8.2 10.5 8.6 Pre-committed (%) 92 92 61 Weighted Average Lease Term (years) 9.6 8.8 9.6 Development for Third Parties or Funds (%) 100 76 86 Au
Slide 27: Appendix 3 Funds management
For personal use only Appendix 3+ Funds management Westney Pinnacle Industry Park, Corporate Park,New Zealand Australia Banfield Distribution Centre, Australia Kobe, Japan
Slide 28: Management platform
Management platform For personal use only GAIF GTA GELF GHKLF GMT1 ABPP EPF GCLH GJCF2 Total assets $5.7bn $3.4bn $3.3bn $3.2bn $2.0bn $1.4bn $1.1bn $1.3bn $1.0bn GMG co-investment 27.5% 19.9% 20.4% 20% 17.6%3 43.1% 37.9% 20% 23.0% GMG co-investment $1.0bn $0.4bn $0.4bn $0.5bn $0.2bn3 $0.4bn $0.2bn
Slide 29: Global platform
Global platform For personal use only Map to be updated 29
Slide 30: Section 2 Urban renewal
For personal use only Section 2+ Urban renewal Westney Pinnacle Industry Corporate Park, Park, New Zealand Australia Banfield Distribution Centre, Australia Kobe, Japan
Slide 31: Australian urban renewal pipeline
Australian urban renewal pipeline For personal use only Entity State Suburb Site Area Potential GFA Approx # of (ha) (sqm) apartments¹ Zoned residential sites GMG NSW Erskineville 6.9 156,200 1,763 Fund NSW Epping 1.3 65,000 770 Projects actively undergoing planning approval and consultation GMG NSW
Slide 32: Thank you
For personal use only thank+you 32