Property For Industry Limited · NZX:PFI
Property For Industry — Shareholder Meeting (March 2023)
31 slides from Property For Industry's shareholder meeting presentation, Mar 29, 2023
Slide 1: 2023 Annual Meeting
TO THE 2023— ANNU. { MEETIN
Slide 2: Agenda
OL, BOAR SEATON S=SO222 MANAGEMENT TEAM — _ PRESENTATION ~ SHAREHOLDER DISCUSSION ORDINARY RESOLUTIONS - GENERAL BUSINESS
Slide 3: Board Presentation
Anthony Beverley Board Annual Chair of the Board Presentation Meeting i BOARD PRESENTATION
Slide 4: Introductions
a Anthony Beverley Introductions Annual = r) Chair of the Board Meeting 2023 Anthony Beverley Craig Peirce Simon Woodhams Angela Bull Board Chair Chief Finance and Chief Executive Independent Director Independent Director Operation Officer Officer ; | ; i) | I j Carolyn Steele David Thomson Dean Bra
Slide 5: A Shift in Focus: Steady Underlying Result
Anthony Beverley A Shift in Focus Annual Chair of the Board Meeting 2023 STEADY BROWNFIELD OPPORTUNITIES UNDERLYING SET TO RESULT COMMENCE SUSTAINABILITY PROGRAM ADVANCED PROACTIVE AND STRONG CONSERVATIVE RENTAL CAPITAL GROWTH RESILIENT INDUSTRIAL MANAGEMENT PORTFOLIO OF SCALE 5
Slide 6: Robust Portfolio
Anthony Beverley Robust Annual Chair of the Board Portfolio Meeting 2023 CURRENT VALUATION 2,117.2 $ M 100 % OCCUPANCY AFFO 8.83 CENTS Weighted Average Lease Term $ 95.6M NET RENTAL 5.08 PER SHARE INCOME 5.0 % 1.4 M YEARS $ 6
Slide 7: Healthy Leasing Activity
Anthony Beverley Healthy Leasing Annual Chair of the Board Activity Meeting 2023 2022 - LEASED $ 98.2 104,433 MILLION CONTRACT RENT UP 2022 SQM ▲ 15% of portfolio by rent 2021 ~11% POSITIVE RE-LEASING $ 2.988 NTA PER SHARE SPREAD UNDER RENTED 12% on previous contract rent 4.6C 7
Slide 8: Environmental, Social and Governance
a Anthony Beverley Environmental, Annual ba A Chair of the Board Social and Meeting Governance 2023 Peguero Saracts Refurbishment Project ° Framework Sustainability Strategy Refreshed Third TCFD Report Solar Strategy Released Created
Slide 9: Increased Cash Return for Shareholders
Anthony Beverley Increased Cash Annual Chair of the Board Return for Meeting Shareholders 2023 GROWING RETURNS TO SHAREHOLDERS 2023 DIVIDEND GUIDANCE OF 8.10-8.30 2.5% CENTS PER SHARE FROM 2022 9
Slide 10: Confident in Our Strategy
Anthony Beverley Confident in Annual Chair of the Board Our Strategy Meeting 2023 FOCUS VALUE RETURNS Deliver stable returns for investors Continued focus on industrial property Maximise the value of current portfolio 10
Slide 11: Management Team Presentation
Management Annual. Team Meeting Presentation 2023 MANAGEMENT TEAM PRESENTATION
Slide 12: Focused on the Future: Reading Prevailing Market Conditions
Simon Woodhams Reading Annual Chief Executive Prevailing Market Meeting Officer Conditions 2023 FOCUSED ON THE FUTURE MARKET TENANTS TEAM Reading the prevailing Maintaining strong Strengthening the market conditions relationships with our tenants expertise in our team 12
Slide 13: Sustainability Strategy: Our Focus Areas
Simon Woodhams Sustainability Annual Chief Executive Strategy Meeting Officer 2023 OUR FOCUS AREAS GREENHOUSE RESOURCES DISASTER & PEOPLE & ECONOMIC EMISSIONS & WASTE CLIMATE WELLBEING VALUE RESILIENCE 13
Slide 14: Sustainability Strategy: Green Star
Simon Woodhams Sustainability Annual Chief Executive Strategy Meeting Officer 2023 SOLAR SUSTAINABLE EMISSION MATERIALS PERFORMANCE SETTINGS RAINWATER DIVERSION OF HARVESTING LANDFILL WASTE GREEN STAR 14
Slide 15: Sustainability Strategy: Metering, Solar, Emissions
ae a Simon Woodhams Sustainability Annual A Chief Executive Strategy Meeting Officer 2023 METERING EMISSIONS Implement power metering Minimise and offset residual and monitoring for 50% of Scope 1 + 2 greenhouse properties by the end of 2025. gas emissions. SOLAR SYSTEMS GREEN STAR Install solar sys
Slide 16: = > —— ian a
= > —— ian a Sa LO ERINGS ROAD
Slide 17: Brownfield Opportunities: Stage 1 Warehouse
Simon Woodhams Brownfield Annual Chief Executive Opportunities Meeting Officer 2023 FULL SITE 10.4 HECATARES STAGE 1 - WAREHOUSE 25,500 SQM GREEN STAR TARGET STAGE 1 – FISHER & PAYKEL 17
Slide 18: 30-32 Bowden Road
pri 30-32 BOWDEN ROAD
Slide 19: Brownfield Opportunities: Stage 2 Warehouse
Simon Woodhams Brownfield Annual Chief Executive Opportunities Meeting Officer 2023 FULL SITE 3.9 HECATARES STAGE 2 - WAREHOUSE 11,200 SQM GREEN STAR TARGET STAGE 2 – SPECULATIVE BUILD 19
Slide 20: Looking Ahead: Well Placed
Simon Woodhams Looking Ahead Annual Chief Executive Meeting Officer 2023 WELL PLACED SUSTAINABILITY RESILIENCE A strong sustainability Continuing to grow a strategy to prepare us for resilient industrial portfolio tomorrow. of scale. DEVELOPMENT PREPARATION A clear path of development, Our strong ba
Slide 21: Shareholder Discussion
SHAREHOLDER DISCUSSION
Slide 22: Resolutions
| ae RESOLUTIONS
Slide 23: Resolution 1: Election of Angela Bull
Angela Bull Resolution Annual Independent 01. Meeting Director 2023 RESOLUTION That Angela Bull (appointed by the Board as a Director on 20 February 2023), who retires and is eligible for election, be elected as a Director of the Company.
Slide 24: Resolution: Election of Anthony Beverley
RESOLUTION That Anthony Beverley, who retires and is eligible for election, be elected as a Director of the Company.
Slide 25: Resolution: Election of Carolyn Steele
RESOLUTION That Carolyn Steele (appointed by the Board as a Director on 22 August 2022), who retires and is eligible for election, be elected as a Director of the Company.
Slide 26: Resolution: Election of Dean Bracewell
RESOLUTION That Dean Bracewell, who retires and is eligible for election, be elected as a Director of the Company.
Slide 27: Resolution: Auditor Fees and Expenses
RESOLUTION That the Directors are authorised to fix the fees and expenses of the auditors, PricewaterhouseCoopers Auckland.
Slide 28: Resolution: Directors' Remuneration
RESOLUTION That the Directors are authorised to fix the remuneration of the Directors of the Company from the close of this meeting as per the table shown in the Explanatory Notes of the Notice of Meeting.
Slide 29: General Business
Chair of the Board Meeting rr em Anthony Beverley General Business | Annual ——— See = — 1 is
Slide 30: Annual Meeting
Annual Meeting
Slide 31: Disclaimer
The information included in this presentation is provided as at 29 While every care has been taken in the preparation of this March 2023. presentation, PFI makes no representation or warranty as to the accuracy or completeness of any statement in it including, without Property for Industry Limited (
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