Goodman Group · ASX:GMG
Goodman — Goodman Property Trust — Shareholder Meeting (July 2021)
28 slides from Goodman's shareholder meeting presentation, Jul 7, 2021
Slide 1: Annual Meeting 2021
Annual Meeting 2021 Goodman Property Trust 1
Slide 2: Meeting agenda
Goodman Property Trust Annual Meeting of Unitholders 2021 Meeting agenda + Review the operating performance of the Trust, new sustainability commitments and the strategy for future growth + Consider and vote on three ordinary resolutions - re-appointment of Laurissa Cooney, David Gibson and Leonie F
Slide 3: Online voting
Goodman Property Trust Annual Meeting of Unitholders 2021 Online voting To cast a vote 1 Click on the bar graph icon on the far right of the page 2 Click on either “For, Against or Abstain” and it will change colour to orange to show your vote has been received 3
Slide 4: Online questions
Goodman Property Trust Annual Meeting of Unitholders 2021 Online questions To ask a question 1 Click on the speech bubble icon on the top centre of the page 2 Type your question in the text box and click the send arrow 4
Slide 5: Board and executives
Goodman Property Trust Annual Meeting of Unitholders 2021 Board and executives Keith Smith Greg Goodman Leonie Freeman John Dakin Chair & Independent Director Non-executive Director Independent Director Executive Director and CEO Laurissa Cooney Phil Pryke David Gibson Andy Eakin Independent Directo
Slide 6: Meeting formalities
Goodman Property Trust Annual Meeting of Unitholders 2021 Meeting formalities + Nominated Chair of meeting + Notice formally given + Quorum confirmed 6
Slide 7: Year in review
Goodman Property Trust Annual Meeting 2021 Year in review Profit before tax $648.9m Cash earnings 6.40cpu FY22 distribution guidance 5.50cpu 7
Slide 8: Sustainable business
Sustainable business Carbonzero Sustainable Financial certified operations development stability Target gearing range 20% to 30% Gateway warehouses – Highbrook Business Park 8
Slide 9: COVID-19 response
Goodman Property Trust Annual Meeting of Unitholders 2021 COVID-19 response + Health and wellbeing of staff, customers and contractors always the priority + Essential business classification and agile work practices limited disruption + Vulnerable customers supported, only minor financial impact for
Slide 10: Financial highlights
Financialhighlights Financial highlights Profit after tax Portfolio revaluation Loan-to-value ratio1 $631.7m $560m 19.2% Net rental income Net tangible assets Wholesale bond issue $153m 212.5cpu $200m 1 LVR is a non-GAAP financial measure used to assess the strength of GMT’s balance sheet, refer to
Slide 11: Treasury
Goodman Property Trust Annual Meeting of Unitholders 2021 Treasury GMT has a variety of funding sources Bank debt 8% Wholesale bonds + These facilities have a weighted 28% term to expiry of five years + Over $300 million of undrawn bank debt provides operational flexibility Retail bonds 42% + GMT cr
Slide 12: Urban logistics
Urban logistics Well-located industrial property and highly efficient freight networks are essential links in the supply chain. 12
Slide 13: GMT portfolio
GMT portfolio Portfolio value $3.8bn Net lettable area (sqm) 1.1m Efficient and desirable distribution locations 13
Slide 14: E-commerce
Goodman Property Trust Annual Meeting of Unitholders 2021 E-commerce + National online retail spend grew 25% to $5.8 billion in 2020 + E-commerce now makes up 11% of total retail sales + Digital economy is a growing demand driver for urban logistics space + Auckland is NZ’s largest consumer market N
Slide 15: Development programme
Development Programme Completed projects 33,900sqm Work in progress $250.1m 15
Slide 16: Completed developments
Goodman Property Trust Annual Meeting of Unitholders 2021 Completed developments Waiouru Point, Highbrook Business Park 68 Westney Road, Westney Industry Park OfficeMax expansion, Highbrook Business Park Savill Drive Units, Savill Link 16
Slide 17: Completed developments
Goodman Property Trust Annual Meeting of Unitholders 2021 Completed developments Timberly Road, Westney Industry Park Ingram Micro Expansion, M20 Business Park Highbrook Crossing Units, Highbrook Business Park 17
Slide 18: Favona Estate
Favona Estate Land area 7ha 18
Slide 19: Roma Road
Roma Road Completion value $200m Net lettable area 42,000sqm NZ Post – Artist’s impression 19
Slide 20: Sustainable development
Goodman Property Trust Annual Meeting of Unitholders 2021 Sustainable development + Targeting a five-star Green Star rating for all our new projects + Reuse of demolition waste on site + Carbon neutral developments OfficeMax, Highbrook Busines Park: 880-panel solar array + Maximising solar and rainw
Slide 21: Savill Link extension
Savill Link extension Land area 13.3ha Savill Link Acquisition properties 21
Slide 22: Mt Wellington extension
Mt Wellington extension Land area 1.2ha Mt Wellington Estate Acquisition properties 22
Slide 23: Foundation community support
Goodman Foundation Community support $500,000 KiwiHarvest 2.1m kgs rescued food KiwiHarvest and New Zealand Food Network, Highbrook Business Park 23
Slide 24: Looking ahead
Goodman Property Trust Annual Meeting of Unitholders 2021 Looking ahead + GMT’s strong operating performance and record financial results have shown that it is a resilient business + The structural trends that are driving demand for warehouse and logistics facilities close to consumers have accelera
Slide 25: Questions
Goodman Property Trust Annual Result 2021 Questions OfficeMax – Highbrook Business Park 25
Slide 26: Formal business
Goodman Property Trust Annual Meeting of Unitholders 2021 Formal business Resolution 1 As an ordinary resolution, that, Unitholders approve the re-appointment of Laurissa Cooney as an Independent Director of the Manager. Resolution 2 As an ordinary resolution, that, Unitholders approve the re-appoin
Slide 27: Voting and close
Goodman Property Trust Annual Meeting of Unitholders 2021 Voting and close We will now proceed to a poll and conclude the meeting Can all webcast participants please submit your votes now The result will be announced to the NZX 27
Slide 28: Thank you
Thank you Disclaimer: The information and opinions in this presentation were prepared by Goodman (NZ) Limited on behalf of Goodman Property Trust and its subsidiaries (Goodman). Goodman makes no representation or warranty as to the accuracy or completeness of the information in this presentation. Op
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