Centuria Industrial Reit · ASX:CIP

Centuria Industrial Reit — UBS Australasia Conference 2018

23 slides from Centuria Industrial Reit's conference presentation, Nov 13, 2018

  1. Slide 1: UBS Australasia Conference 2018 ASX announcement

    Australian Securities Exchange – Company Announcements Platform Centuria Property Funds No. 2 Limited For personal use only CENTURIA INDUSTRIAL REIT UBS Australasia Conference 2018 Tuesday, 13 November 2018 Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of Centuria Industrial R

  2. Slide 2: Centuria Industrial REIT UBS Australasia Conference

    For personal use only Centuria Industrial REIT UBS AUSTR AL ASIA CONFERENCE A S X : C I P | 13 N O V E M B E R 2 0 1 8

  3. Slide 3: Contents

    For personal use only Contents 1 Introduction 2 Market Indicators 3 Financial Results 4 Portfolio Overview 5 Guidance & Strategy C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 2

  4. Slide 4: Introduction

    For personal use only SECTION ONE Introduction WOOLWORTHS WAY, WARNERVALE, NSW C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 3

  5. Slide 5: Centuria is an established ASX-listed specialist investment manager

    Centuria is an established ASX-listed specialist Centuria isinvestment manager an established ASX-listed specialist investment manager For personal use only Centuria Capital Group $497m Market Capitalisation1 $5.5bn $0.4bn Assets Under Management (AUM) Co-Investments $4.6bn $0.9bn Centuria Metropoli

  6. Slide 6: CIP, Australia's largest ASX listed income focused industrial REIT

    CIP, AUSTRALIA’S LARGEST ASX LISTED INCOME FOCUSED INDUSTRIAL REIT Key metrics as at 30 September 2018 For personal use only 39 $1.1bn 94.1% 5.0yrs High quality assets1 Portfolio value1 Portfolio occupancy2 Portfolio wale2 $698m 6.54% $2.69 20.3% Market capitalisation3 Portfolio weighted Net tangibl

  7. Slide 7: Market Indicators

    For personal use only SECTION TWO Market Indicators 69 STUDELY COURT, DERRIMUT, VIC C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 6

  8. Slide 8: Economic indicators: GDP and CPI

    For personal use only 1.0 1.0 4.0 4.0 3.0 3.0 2.0 2.0 5.0 5.0 0.0 0.0 6.0 6.0 DEC 06 DEC 06 2 Source: IMF 1 Source: ABS DEC 07 DEC 07 DEC 08 DEC 08 DEC 09 DEC 09 AUSTRALIAN GDP AND CPI1 ECONOMIC INDICATORS DEC 10 DEC 10 DEC 11 DEC 11 DEC 12 DEC 12 DEC 13 DEC 13 DEC 14 DEC 14 GDPGDP DEC 15 DEC 15 Und

  9. Slide 9: Economic indicators: manufacturing and online retail

    ECONOMIC INDICATORS Underlying conditions remain positive for industrial occupiers For personal use only AUSTRALIAN MANUFACTURING PURCHASING MANAGERS INDEX1 (3 MONTHS AVERAGE) DRIVERS TRANSFORMING DEMAND REQUIREMENTS 65 60 55 Manufacturing has experienced 50 POSITIVE CLIMATE sustained positive momen

  10. Slide 10: Competition for assets drives transaction volumes

    MARKET INDICATORS Competition for assets drives transaction volumes For personal use only TRANSACTION VOLUMES AND AVERAGE CAP RATE1 AVERAGE INDUSTRIAL YIELD BY CITY (2017)1 5.0% 4.7% 6.0% 4.5% Transaction Volume ($Billions) Average Cap Rate (%) CHICAGO FRANKFURT SHANGHAI 8 10 VANCOUVER 4.6% BEIJING

  11. Slide 11: Market indicators: market supply

    0 For personal use only 0 APR-11 0 200 200 200 400 400 400 600 600 600 800 800 800 JUL-11 10001000 1000 12001200 1200 APR-11 OCT-11 JUL-11 JAN-12 APR-11 PRIME OCT-11 APR-12 JUL-11 JAN-12 SYDNEY JUL-12 OCT-11 APR-12 OCT-12 JAN-12 JUL-12 JAN-13 APR-12 OCT-12 APR-13 JUL-12 JAN-13 JUL-13 OCT-12 APR-13 1

  12. Slide 12: Portfolio indicators

    AUSTRALIA'S LARGEST ASX LISTED INCOME FOCUSED INDUSTRIAL REIT Potfolio indicators VALUE OF OWNED INDUSTRIAL PORTFOLIO (EX BUSINESS PARKS)1 For personal use only $2.0bn 100% $2.0bn 100% $1.6bn $1.6bn $1.5bn $1.5bn 1.5 $1.6bn $1.6bn 75 1.5 $1.5bn $1.5bn 75 $1.1bn $1.1bn •• Only ASX listed REIT with 10

  13. Slide 13: Financial Results

    For personal use only SECTION THREE Financial Results ASHBURN ROAD, BUNDAMBA, QLD C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 12

  14. Slide 14: Accelerated de-leveraging and NTA uplift strengthens balance sheet

    CAPITAL MANAGEMENT Accelerated de-leveraging and NTA uplift strengthens balance sheet For personal use only GEARING 1 AND HEDGING PROFILES NTA PER UNIT 110% CIP became a Centuria managed REIT HEDGING CIP became a Centuria managed REIT $2.69 100% GEARING $2.56 90% 43.4% 43.1% 42.6% 42.9% $2.46 40.6%

  15. Slide 15: Portfolio Overview

    For personal use only SECTION FOUR Portfolio Overview ASHBURN ROAD, BUNDAMBA, QLD C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 14

  16. Slide 16: 100% exposure to high quality Australian industrial assets

    PORTFOLIO COMPOSITION 100% exposure to high quality Australian industrial assets For personal use only GEOGRAPHIC DIVERSIFICATION (BY VALUE) WEIGHTED AVERAGE LEASE EXPIRY (% BY INCOME) WA QLD 12% 4.5yrs 20% 6.2yrs 30 SEP 2019 30 JUNE 2018 (WALE 5.0YRS) (WALE 5.1YRS) 60% 59.0 57.5 NT 50% QLD Reduced

  17. Slide 17: Unlocking infill sites in strong performing industrial markets

    Unlocking infill sites in strong performing industrial markets 207-219 BROWNS ROAD 92 ROBINSON AVENUE 616, BOUNDARY ROAD 1 INTERNATIONAL DRIVE For personal use only NOBLE PARK, VIC BELMONT, WA RICHLANDS, QLD TULLAMARINE, VIC $37.0m acquisition, $11.2m acquisition, $15.9m acquisition, $42.0 million a

  18. Slide 18: Demonstrating track record of execution

    DEMONSTRATING TRACK RECORD OF EXECUTION TRANSACTION INITIATIVES $267 million of transactions since FY18 FY18 $152.7m FY19 YTD $114.2m only $2.2m 43-45 Mica St, Carole Park, QLD $11.2m 92 Robinson Ave, Belmont, WA use $28.0m Lot 14 Sudlow Rd, Bibra Lake, WA $37.0m personal 207-219 Browns Rd, Noble Pa

  19. Slide 19: Guidance & Strategy

    For personal use only SECTION FIVE Guidance & Strategy 6 MACDONALD ROAD, INGELBURN, NSW C E N T U R I A I N D U S T R I A L R E I T | A S X : C I P | 13 N O V E M B E R 2 0 1 8 18

  20. Slide 20: FY19 Priorities

    FY19 PRIORITIES Continue to build Australia’s dominant income focused industrial REIT For personal use only 1 Maintain leasing momentum through FY19 2 Maintain Victoria leasing momentum engaging known upcoming expiries 3 Prudently manage debt book including renegotiation of FY19 debt maturity 4 Cont

  21. Slide 21: Strategy & Guidance

    STRATEGY & GUIDANCE Continue to build Australia’s dominant income focused industrial REIT For personal use only CIP has a simple Strategy – to deliver income and capital growth to investors from a portfolio of high quality Australian industrial assets; by STRATEGY ••Focusing on ‘fit for purpose’ ass

  22. Slide 22: Disclaimer

    Disclaimer This presentation has been prepared by Centuria Property Funds No. 2 Limited (ABN 38 133 363 185, AFSL 340 This presentation may contain forward-looking statements, guidance, forecasts, estimates , prospects, projections For personal use only 304) (‘CPF2L’) as responsible entity of the Ce

  23. Slide 23: Thank you

    For personal use only Thank you

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