Dexus Industria Reit · ASX:DXI
Dexus Industria Reit — 2024 Bell Potter Foundations Conference
13 slides from Dexus Industria Reit's conference presentation, Oct 17, 2024
Slide 1: ASX release: 2024 Bell Potter Foundations Conference presentation
Dexus Industria REIT (ASX:DXI) ASX release 17 October 2024 2024 Bell Potter Foundations Conference presentation Dexus Industria REIT (DXI) releases the attached presentation to be presented at the 2024 Bell Potter Foundations Conference, which is being held virtually today. Authorised by Scott Mahon
Slide 2: Bell Potter Foundations Conference
For personal use only Bell Potter Foundations Conference 17 October 2024 Dexus Asset Management Limited ACN 080 674 479, AFSL 237500 Dexus Asset Management Limited | ACN 080 674 479, AFSL 237500 as responsible entity for Industria Trust No. 1, Industria Trust No. 2, Industria Trust No. 3 As responsi
Slide 3: Acknowledgement of Country
Acknowledgement For personal use only of Country Dexus Industria REIT acknowledges the Traditional Custodians of the lands on which our business and assets operate, and recognises their ongoing contribution to land, waters and community. We pay our respects to First Nations Elders past and present.
Slide 4: DXI investment proposition
DXI investment proposition To generate strong risk-adjusted returns for investors seeking listed industrial real estate exposure in Australia For personal use only Delivering organic income Act as a reliable custodian Active portfolio management Aligned manager with deep growth of capital real asset
Slide 5: Portfolio primarily comprises high-quality industrial assets
Portfolio primarily comprises high-quality industrial assets Industrial – 89% of portfolio BTP – 11% of portfolio For personal use only Industrial (excl. ASCEND) ASCEND at Jandakot Brisbane Technology Park Book value $795m $431m (at 33.3% DXI share) $159m • 22 properties across 298,100sqm • 33.3% in
Slide 6: Delivering resilient income growth with development upside
Delivering resilient income growth with development upside For personal use only Property Embedded growth Income resilience Track record of leasing success Fixed reviews with strong inflation protection Stable earnings with potential development upside (sqm)1 (% by income) (% by income) ~3% 150 30%
Slide 7: Diverse and high-quality tenant base
Diverse and high-quality tenant base Diversified tenant base across range of sectors Top 10 tenants account for 41% of portfolio income For personal use only (% of DXI income) (% of DXI income) 10.2 years remaining on 16% WesTrac lease 2 Heads of agreement signed with global 11% 5% manufacturer at 2
Slide 8: Proactive capital management track record
Proactive capital management track record Preserving balance sheet strength and enhancing underlying portfolio quality For personal use only Divestments since FY22 Capital redeployment Future pipeline remaining development total divestments look-through gearing, below $295m across five assets 27.3%
Slide 9: Strategic execution of our investment proposition
Strategic execution of our investment proposition For personal use only Strategic priority areas Consider divestments and value-enhancing Active asset management Inherent growth through developments acquisitions in line with strategy • Execute on asset plans • Disciplined approach to activating proj
Slide 10: Inherent growth delivered through development pipeline
Inherent growth delivered through development pipeline Disciplined approach to activating projects For personal use only High-quality development pipeline in major hubs across Sydney and Perth (sqm to be delivered, at 100%) Fixed priced contracts limits construction cost risk 263,200 1,063,200 77% o
Slide 11: Questions
For personal use only Questions 10 1 West Park Drive, Derrimut VIC
Slide 12: Important information
Important information This presentation (“Material”) has been prepared by Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) ("DXAM") as the responsible entity of Industria Trust No. 1 For personal use only (ARSN 125 862 875), Industria Trust No. 2 (ARSN 125 862 491), Industria Trust
Slide 13: For personal use only
For personal use only
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