Goodman Group · ASX:GMG
Goodman — Goodman Property Trust — Shareholder Meeting (August 2024)
27 slides from Goodman's shareholder meeting presentation, Aug 27, 2024
Slide 1: Goodman Property Trust Annual Meeting of Unitholders 2024
GOODMAN PROPERTY TRUST ANNUAL MEETING OF UNITHOLDERS O24
Slide 2: Agenda
AGENDA 1. Review GMT’s 2024 operating results and our strategy for growth 2. Sustainability programme update Questions from Unitholders 4. Consider and vote on four resolutions including the reappointment of three Independent Directors and the proposed increase to the remuneration pool for Directors
Slide 3: Formalities
FORMALITIES + Nominated Chair of meeting + Notice formally given + Quorum confirmed + Hybrid format
Slide 4: Board and Executives
BOARD AND EXECUTIVES John Dakin Chair and Non-executive Director David Gibson Deputy Chair and Independent Director | oh Greg Goodman Non-executive Director Laurissa Cooney Independent Director TF an J or, 9 ’ oom 4 ? © eal @ if Hie? Leonie Freeman Keith Smith Independent Director Independent Direct
Slide 5: Management continuity and greater alignment with a reduction in operating expenses
Management continuity and greater alignment with a reduction in operating expenses An enhanced growth profile with the opportunity to establish a complementary property funds management business Scalable platform with improved funding flexibility Ongoing relationship with Goodman Group Unitholder ap
Slide 6: Director Remuneration
DIRECTOR REMUNERATION + Proposed increase in fees reflects greater demands on Directors with a more complex business and growing regulatory obligations + PwC completed an independent benchmark report that assessed the average entitlement pool for similar Boards at $1,147,000 per annum + The proposed
Slide 7: Slide 7
Slide 8: Almost $1.3 billion of net fair value gains from property valuations
Almost $1.3 billion of net fair value gains from property valuations have been recognised in GMT's statutory results over the last 10 years
Slide 9: First quarter distribution of 1.625 cents per unit
First quarter distribution of 1.625 cents perunit announced. today, payment to be made on 19 September 2024
Slide 10: Growth Opportunity
GROWTH OPPORTUNITY Internalisation is a positive change that will GOOD 10 GREAT shape the future direction of our business. Target Fund Size, 3-5 year timeframe + Establishi nga property funds ~$2 billion management platform + Engaging with potential capital partners Initial Goodman Group commitment
Slide 11: Investment Strategy
INVESTMENT STRATEGY Goodman Property Trust is exclusiv urban logistics secto e Aucklan invested in the = y _ NetLettable Area roperty market. 1 am sq m ROMA == Customers WAITOMOKIA TAMAKI ey == m eae ~~ ge = 900+ i : | 5 z= = SS WESTNEY oe ee Occupancy PO =. 99.5% Ng 5% . < The Trust's $4.5 billion
Slide 12: FY24 Development Completions
FY24 DEVELOPMENT COMPLETIONS Completion value $368.9m Net lettable area 19,452 sqm 100% Weighted lease term 17.4 years
Slide 13: Roma Road Estate
ROMA ROAD ESTATE PEC ee CeO CON See BRReBeaes Net Lettable Area 26,961 sqm Leased 81 Weighted Lease Term 13.4 years Recycled ~90% Demolition material diverted from landfill
Slide 14: Development is a central element of GMT's investment strategy
Development is a central element of GMT’s investment strategy, with around 90% of the core portfolio developed since 2004 Development potential within GMT ~400,000 sqm Additional spend to develop pipeline $1 billion + Brownfield opportunities ~ 15% of sites
Slide 15: GMT's strong operating results show it is a resilient business
GMT’s strong operating results show it is a resilient business Ina more challenging economic environment, we have grown revenue and delivered earnings growth of almost 5% We have progressed our development programme and refined our corporate structure, initiatives that will drive future growth The q
Slide 16: Slide 16
Slide 17: Slide 17
Slide 18: FY24 total emissions were 39,930 tonnes CO2e
FY24 total emissions were 39,930 tonnes CO,e Lower carbon development solutions provide the greatest opportunity to reduce emissions Targeting 10% to 20% reduction in upfront embodied carbon for new projects 5 Green Star rating has been our target building standard since 2020
Slide 19: Multi-warehouse development designed to be highly sustainable
Completed in 2028, the multi-warehouse development was designed to be highly sustainable and operationally efficient. Features include: Rooftop 83 kWp solar energy systems Electrical submetering to facilitate ongoing energy monitoring Rainwater harvesting and low-flow water fittings Efficient LED li
Slide 20: Boosting Biodiversity
BOOSTING BIODIVERSITY
Slide 21: Goodman Foundation
GOODMAN FOUNDATION We partner with community groups to improve social outcomes in the areas where we invest. + Focused on food rescue KiwiHarvest is our largest community partnership + Located at Highbrook, it redistributed arecord 2,700 tonnes of food in FY24 + Equivalent to 5.9 meals, the social g
Slide 22: Slide 22
Slide 23: sf
sf
Slide 24: Resolutions 1-3
RESOLUTIONS 1-3 RE-APPOINTMENT OF DIRECTORS 1. Asanordinary resolution, that Unitholders approve the reappointment of Laurissa Cooney as a Director of the Manager 2. Asanordinary resolution, that Unitholders approve the reappointment of Leonie Freeman as a Director of the Manager 3. Asanordinary res
Slide 25: Resolution 4
RESOLUTION 4 INCREASE TO THE REMUNERATION POOL 4. Asanordinary resolution, that Unitholders approve, for the purposes of NZX Listing Rule 2.11.1, that the maximum aggregate amount of remuneration payable by the Manager to Directors (in their capacity as Directors) be increased to $1,070,000 per annu
Slide 26: Voting and Close
VOTING AND CLOSE + Wewill now proceed to a poll and conclude the meeting + Webcast participants please submit your votes now + The result willbe announced to the NZX
Slide 27: information and opinions inthis presentation were
information and opinions inthis presentation were prepared by Goodman Property Services (NZ) Limited on behalf of Goociman Property Trust or one of its subs (GMT). GMT makes no representation or warranty. acouracy or completeness of the information in this presentation. Opinions inoluding estimates
Goodman Property Trust — Shareholder Meeting (August 2024) on 6ix