Asset Plus Limited · NZX:APL
Asset Plus — H1 FY2018 Earnings Presentation
15 slides from Asset Plus's earnings presentation, November 2017
Slide 1: Interim Result: six months ended 30 September 2017
Contents Interim Result For the six months ended 30 September 2017
Slide 2: Contents
Contents 1. Highlights Heading goes here 2. Financial Performance 3. Capital Management 4. Portfolio Summary 5. Outlook 12
Slide 3: Highlights
Heading goes here Highlights 23
Slide 4: Highlights
Highlights Financial Performance (30 September 2016 figures in brackets) • Total income of $8.65m ($8.43m) up 2.6% • Operating profit before other gains/(losses) of $3.56m ($3.39m) up 5.0% • Net profit before taxation of $3.07 ($2.88m) up 6.4% • Net profit after taxation of $2.41m ($2.53m) down 4.7%
Slide 5: Financial Performance
Heading goes Financial Performance here 45
Slide 6: Financial Performance
Financial Performance 30 Sep 2017 30 Sep 2016 $m $m Change $m Change % Heading goes here Total income Direct property operating expenses 8.65 (2.54) 8.43 (2.74) 0.22 0.20 2.6% 7.3% Total operating income 6.11 5.69 0.42 7.4% Interest and finance charges (1.43) (1.30) (0.13) Administration expenses (1
Slide 7: Distributable Profit
Distributable Profit 30 Sep 2017 30 Sep 2016 $m $m Change $m Change % Heading goes here Net profit before taxation Adjustments: 3.07 2.88 0.19 6.6% Net change in fair value of interest rate swaps 0.03 0.42 (0.39) Net change in fair value of other assets 0.08 0.06 0.02 Net lease incentives 0.01 (0.04
Slide 8: Balance Sheet
Balance Sheet 30 Sep 2017 31 Mar 2017 $000’s $000’s Heading goes here Total shareholders’ funds Shares on issue (millions) 116,568 161,920 117,073 161,920 Net tangible assets (NTA) per share 71.99 cps 72.30 cps Gross property value 174,350 174,350 Work in progress 4,720 2,217 Combined property value
Slide 9: Capital Management
HeadingManagement Capital goes here 89
Slide 10: Banking
Banking 30 Sep 2017 31 March 2017 $m $m Heading goes here Bank facility limit (BNZ) Drawn bank debt 70.0 61.0 70.0 58.50 Available undrawn debt 9.0 11.50 Weighted average cost of debt (incl. margins & line fees) 4.75% 5.08% Remaining duration of bank facility 2.8 years 3.3 years % of drawn debt hedg
Slide 11: Portfolio Summary
Heading Portfoliogoes here Summary 10 11
Slide 12: Portfolio Summary
Portfolio Summary Location Occupancy WALT 31 March 2017 Net Rental Valuation Income ($000) AA Centre Auckland 99.47% 2.0 yrs $40.85m 1,331.8 Eastgate Shopping Christchurch 95.92% 4.2 yrs $59.50m 1,935.0 Centre Print Place Christchurch 78.51% 1.1 yrs $11.00m 527.9 Heinz Wattie‘s Hastings 100.00% 9.3
Slide 13: Outlook
Heading Outlook goes here 12 13
Slide 14: Outlook
Outlook • Continue to focus on improving net revenue from the existing portfolio. • With additional resources provided by Colliers International at Eastgate, we expect to Heading build somegoes momentum here in leasing of vacant space. • Additional leasing focus should result in development opportun
Slide 15: Thank You
Heading goes here Thank You 14 15