Waypoint Reit Ltd. · ASX:WPR
Waypoint Reit — Viva Energy REIT — Shareholder Meeting (May 2018)
16 slides from Waypoint Reit's shareholder meeting presentation, May 15, 2018
Slide 1: Viva Energy REIT Annual General Meeting 15 May 2018
VVR ANNUAL GENERAL MEETING For personal use only Viva Energy REIT Annual General Meeting 10.00am 15 May 2018
Slide 2: Disclaimer
For personal use only Disclaimer: The information is in summary form has otherwise been reviewed in associates, related entities or by these forward-looking statements. This presentation has been prepared and does not purport to be complete. preparation of the presentation. All directors, give any w
Slide 3: Agenda
For personal use only AGENDA Chairman’s Address 4 Business Update 6 Formal Business 15 Concluding Remarks 16
Slide 4: Chairman's Address
For personal use only Chairman’s Address LAURENCE BRINDLE Chairman Viva Energy REIT 4
Slide 5: Key 2017 Highlights
CHAIRMAN'S ADDRESS VVR ANNUAL GENERAL MEETING 15 MAY 2018 Key 2017 Highlights For personal use only CONTINUED EARNINGS PER UPLIFT IN NTA GROWTH SECURITY ABOVE FROM PROPERTY THROUGH FORECAST REVALUATIONS ACQUISITIONS 5
Slide 6: Business Update
For personal use only Business Update MARGARET KENNEDY Managing Director VER Manager Pty Limited 6
Slide 7: 2017 Financial Highlights
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 2017 Financial Highlights FOR FULL YEAR ENDED 31 DECEMBER 2017 For personal use only $170.5 million 13.41 CPS NTA +5.8% to 11% pa 0.24% pa 32% statutory Distributable $2.19 per total property management gearing profit Earnings security 1 return
Slide 8: Portfolio Overview
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Portfolio Overview AT 31 DECEMBER 2017 For personal use only $2.28 billion 1.86 million m 2 76% metro WALE of 100% portfolio of real estate properties 13.7 years occupancy Portfolio of 438 high-quality Geographically diversified 24% regional pro
Slide 9: Portfolio Overview
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Portfolio Overview For personal use only PORTFOLIO AT 31 DECEMBER 2017 Properties Value Average Value Average size WACR WALE $m $m m2 % years Metropolitan 311 1,743 5.6 3,514 5.5 14.0 Regional 127 538 4.2 6,031 6.8 13.1 Total 438 2,281 5.2 4,244
Slide 10: Property Revaluations
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Property Total portfolio valuation For personal use only Revaluations • Gross increase of $87 million or 4.2% • Cap Rate tightened from 5.9% to 5.8% AT 31 DECEMBER 2017 167 properties independently valued by JLL • Total gross increase of $36 mil
Slide 11: Acquisition Strategy
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Acquisition VVR will continue to consider acquisition and For personal use only Strategy development opportunities consistent with the following investment criteria: 1 Investment is high quality and strategically located; 2 Portfolio remains geo
Slide 12: Acquisition Summary
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Acquisition Summary For personal use only TOTAL ACQUISITIONS FROM INITIAL LISTING TO 31 DECEMBER 2017 Properties Purchase price Average cost Average size WACR1 WALE $m $m m2 % years Metropolitan 7 76.4 10.9 5,002 5.7 9.2 Regional 6 26.8 4.5 23,2
Slide 13: Strategy
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Strategy MARKET-LEADING NATIONAL SERVICE STATION AND For personal use only CONVENIENCE PROPERTY DISTRIBUTION PLATFORM Irreplicable high- National 100% occupancy, 3% per annum rent Portfolio quality strategically distribution predominantly long-
Slide 14: Outlook
BUSINESS UPDATE VVR ANNUAL GENERAL MEETING 15 MAY 2018 Outlook For personal use only Optimise core Ongoing Progressing FY2018 Distributable Target payout ratio business and opportunities for capital Earnings guidance 1 100% 1 of maintain low acquisition and management of 13.81-13.91 CPS Distributabl
Slide 15: Formal Business
For personal use only Formal Business LAURENCE BRINDLE Chairman Viva Energy REIT 15
Slide 16: Closing Remarks
For personal use only Closing Remarks LAURENCE BRINDLE Chairman Viva Energy REIT 16