Dexus · ASX:DXS
Dexus — ASX CEO Connect Series 2017
15 slides from Dexus's conference presentation, Nov 21, 2017
Slide 1: Dexus ASX release: ASX CEO Connect
Dexus (ASX: DXS) ASX release 21 November 2017 ASX CEO Connect Dexus provides an overview presentation that is being presented today at the ASX CEO Connect Series. For further information please contact: Investor Relations Media Relations Melanie Bourke Louise Murray +61 2 9017 1168 +61 2 9017 1446 +
Slide 2: CEO Connect
CEO Connect Alison Harrop, CFO 21 November 2017 Dexus Funds Management Limited ABN 24 060 920 783 AFSL 238163 as responsible entity for Dexus
Slide 3: Dexus Overview
Dexus Overview - Dexus is a top 50 entity on the ASX with a market capitalisation of approximately $10 billion - Australia’s largest owner of prime office properties, with the majority of the portfolio located in Sydney - Outperforming and growing funds management business with $12.7 billion of thir
Slide 4: Strategy
Dexus Strategy Being the leading owner and manager of Australian office property Customer & Marketing Strengthen brand and apply customer centric approach 3 CEO Connect Leadership in office Technology Utilise the most efficient technology and systems turns for in Funds management partner of choice T
Slide 5: Dexus today
Dexus today Group portfolio totalling $24.9 billion Dexus portfolio Funds Management portfolio Office $6.5bn Office Industrial $2.0bn $12.2bn $10.2bn $12.7bn Retail $4.7bn Industrial $1.4bn Healthcare $0.1bn 4 CEO Connect
Slide 6: Sydney CBD and CBD Fringe assets valued at $8.7 billion
DRAFT Dexus has ownership or management of 21 Sydney CBD and CBD Fringe assets valued at $8.7 billion1 1. Based on Dexus and Dexus managed fund ownership share. 5 CEO Connect
Slide 7: Creating value from key earnings drivers
Creating value from key earnings drivers Driver How Dexus creates value PROPERTY Maximising cashflow from the Dexus owned office and industrial portfolio PORTFOLIO through leasing, asset and property management FUNDS Leveraging core capabilities to drive performance MANAGEMENT for third party client
Slide 8: Performing property portfolio
Performing property portfolio Total Dexus Dexus office Dexus industrial property portfolio portfolio portfolio 14.1% 12.6% 1-year unlevered Office $12.2bn Industrial 1-year unlevered total return total return 7 CEO Connect
Slide 9: Performing property portfolio
Performing property portfolio Dexus office Dexus industrial portfolio portfolio 97.5% 4.6 years 96.6% 5.0 years Occupancy Weighted average Occupancy Weighted average lease expiry lease expiry 30% By income 30% By income 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% Available FY18 FY19 FY20 FY21 FY22 A
Slide 10: Progressing development pipeline
Progressing development pipeline 105 Phillip Street, Parramatta 100 Mount Street, North Sydney 175 Pitt Street, Sydney Quarry at Greystanes City retail 201 Elizabeth Street, Sydney Office Office Mixed use Industrial 9 CEO Connect
Slide 11: Maintaining balance sheet strength
Maintaining balance sheet strength History of Dexus gearing ratio1 (%) Diversified sources of debt2 50% 144A 8% 45% 40% Bank USPP 22% Facilities 33.7% 49% 35% 30.7% 29.8% 28.4% 28.5% 30% 29.0% 27.2% 26.7% 25% 20% FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 MTN 19% Commercial Paper 2% 1. FY17 pro forma g
Slide 12: Outlook
Outlook We are constantly assessing our operating environment Macro environment Customer demands Urbanisation Market forces - Optimistic about Australian economic - Demographic shifts and technological - Population and economic growth outlook advancements are changing how concentrated in cities arou
Slide 13: Summary
Summary - Well positioned for FY18 due to: - Expected strong performance in office markets in Sydney and Melbourne and improving dynamics in Brisbane and Perth - Progress opportunities in the development pipeline - Further growth in Funds Management business - Market guidance1 for the 12 months endi
Slide 14: Disclaimer
Disclaimer - This presentation is issued by Dexus Funds Management Limited (DXFM) in its capacity as responsible entity of Dexus (ASX code: DXS). It is not an offer of securities for subscription or sale and is not financial product advice. - Information in this presentation including, without limit
Slide 15: Dexus
dexus