Asset Plus Limited · NZX:APL
Asset Plus — NPT — Shareholder Meeting (2017)
18 slides from Asset Plus's shareholder meeting presentation, 2017
Slide 1: Annual Meeting of Shareholders 2017
Annual Meeting of Shareholders 2017
Slide 2: Annual Meeting of Shareholders
Annual Meeting of Shareholders For the year ended 31 March 2017
Slide 3: Chairman's Welcome
Chairman’s Welcome . \ snl
Slide 4: NPT Board and Management
NPT Board and Management Bruce Cotterill Allen Bollard NON-EXECUTIVE INDEPENDENT CHAIRMAN DIRECTOR Carol Campbell Paul Duffy NON-EXECUTIVE INDEPENDENT NON-EXECUTIVE DIRECTOR DIRECTOR
Slide 5: Agenda
Agenda 1. Introduction Heading goes 02. Chairman’s here Welcome 03. Chief Executive’s Address (by Bruce Cotterill) 04. Chairman’s Address 05. Resolutions 06. General Business 5
Slide 6: Chief Executive's Address
Chief Executive’s . Address \ snl
Slide 7: Financial Results
Financial Results • Net Profit After Tax $3.1m. Heading goes here • Net Rental Income increased by 2.62%. • NPT’s Distributable Profit in line with forecasts. • Total Cash Distribution for the year 3.6 cents per share. • Dividend a minimum of 3.6 cents per share. • NPT’s total property portfolio $17
Slide 8: Eastgate Shopping Centre, Christchurch
Eastgate Shopping Centre, Christchurch • NPT’s largest asset by value. Heading goes here • Adding community based services – known as “The Loft”. • Working on planning a child care centre to add to services. • Market value $59.5m. • Occupancy 96%. • WALT (Weighted Average Lease Term) 4.5 years. 8
Slide 9: 99 Albert Street, Auckland
99 Albert Street, Auckland • Located cnr Albert and Victoria Streets, central Auckland. Heading goes here • Enhanced by construction of International Convention Centre and the City Rail Link. • AA Insurance relocating in February 2018. • Market value $40.85m. • Occupancy 99%. • WALT 1.95 years. 9
Slide 10: Elwood Road, Hastings
Elwood Road, Hastings • Opportunity to explore expansion to accommodate Heading goes here Heinz Wattie’s growth. • Market value $27m. • Occupancy 100%. • WALT 9.8 years 10
Slide 11: 22 Stoddard Road, Auckland
22 Stoddard Road, Auckland • Anchored by The Warehouse. Heading goes here • Full occupancy restored. • Market value $36m. • Occupancy 100%. • WALT 4.9 years. 11
Slide 12: 17 Print Place, Christchurch
17 Print Place, Christchurch • Close proximity to Christchurch city. Heading goes here • Market value $11m. • Occupancy 77.81%. • WALT of 1.3 years. 12
Slide 13: Chairman's Address
Chairman’s Address . \ snl
Slide 14: Chairman's Address
Chairman’s Address • Bruce Cotterill, Allen Bollard and Paul Duffy appointed at Special Heading goes here Meeting of Shareholders, April 2017. • Shareholders made it clear they were seeking change. • The Board are working on a number of initiatives that would deliver better returns to shareholders.
Slide 15: Resolutions
Resolutions on > KS NI a AR
Slide 16: Resolution 1: Re-election of Carol Campbell
Resolution 1 That Carol Campbell be re-elected as a Director of NPT Limited Heading goes Carol Campbell here joined the Board of NPT in May 2015. A Chartered Accountant and a member of the Chartered Accountants Australia and NZ. Carol has extensive financial experience and a sound understandin
Slide 17: Resolution 2: Auditor fees and expenses
Resolution 2 To authorise the Directors to fix the fees and expenses of the Auditor of the Company Heading goes here 17
Slide 18: General Business
General Business . \ snl