Charter Hall Retail Reit · ASX:CQR
Charter Hall Retail Reit — Shareholder Meeting (November 2023)
20 slides from Charter Hall Retail Reit's shareholder meeting presentation, Nov 1, 2023
Slide 1: Charter Hall Retail REIT 2023 Annual General Meeting
For personal use only Charter Hall Social Infrastructure REIT Charter Hall Retail REIT 2023 Annual General Meeting
Slide 2: Acknowledgement of Country
For personal use only Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall Retail REIT Charter Hall Retail
Slide 3: Agenda
For personal use only Agenda 1. Independent Chair’s Address: Roger Davis 2. Retail CEO’s Address: Ben Ellis 3. Questions 4. Item of Business Left: bp, Forestville NSW CharterHall Charter HallRetail RetailREIT REIT 2023Full 2023 Annual YearGeneral ResultsMeeting 3
Slide 4: Independent Chair's Address: Roger Davis
1 Independent Chair’s Address: For personal use only Roger Davis Campbellfield Plaza, Campbellfield Vic CharterHall Charter HallRetail RetailREIT REIT Charter 2023 Hall Retail Annual REIT 2023 Full YearGeneral ResultsMeeting 2023 Half Year Results
Slide 5: Chair's Address: Board of Directors and Fund Managers
Chair’s Address Board of Directors Fund Managers For personal use only Michael Gorman Roger Davis David Harrison Sue Palmer Ben Ellis Ben Ellis Joanne Donovan Independent Director Independent Chair Managing Director & Group CEO Independent Director Retail CEO Retail CEO/Fund Manager Head of Retail F
Slide 6: CQR Convenience Strategy
Chair’s Address CQR Convenience Strategy Providing a resilient and The leading owner growing income stream of convenience retail property For personal use only for our investors from convenience shopping centres and long WALE retail KEY DRIVERS Enhance Active asset Prudent capital portfolio quality
Slide 7: Delivering on Convenience Strategy
Chair’s Address Delivering on Convenience Strategy Active portfolio curation driving major tenant income growth FY18 FY23 For personal use only Long Term Stable 4% of major tenant rent reviews 38% of major tenant rent reviews Forecast CPI based and 0% NNN leases CPI based and 35% NNN lease % of inco
Slide 8: CQR ESG Leadership
Chair’s Address CQR ESG Leadership Achievements in FY23 Focus areas in FY24+ Environment For personal use only Net Zero Carbon by 2025 Investing in clean energy 4.9 Star NABERS Energy for Retail Partnering with tenant customers to increase Commitment to net zero Scope 1 and 20.2MW1 of installed sola
Slide 9: Retail CEO's Address: Ben Ellis
For personal use only 2 Retail CEO’s Address: Ben Ellis CharterHall Charter HallRetail RetailREIT REIT Bass Hill Plaza, Bass Hill NSW Charter 2023 Hall Retail Annual REIT 2023 Full YearGeneral ResultsMeeting 2023 Half Year Results
Slide 10: Portfolio Highlights
Retail CEO’s Address Portfolio Highlights Key metrics FY22 FY23 Movement Operating earnings per unit Distributions per unit For personal use only Operating earnings 28.71 cents 25.80 cents $164.4m $166.9m +1.5% 1.1% from FY22 5.3% from FY22 Operating earnings per unit 28.40 cents 28.71 cents +1.
Slide 11: Portfolio Summary
Retail CEO’s Address Portfolio Summary – Convenience shopping centre retail occupancy improved from 98.5% to 98.6% Portfolio snapshot Jun 22 Jun 23 – 5.9% total MAT growth1,2 Number of convenience shopping centre retail assets 51 49 For personal use only Number of convenience long WALE retail assets
Slide 12: Portfolio Tenant Customer Composition
Retail CEO’s Address Portfolio Tenant Customer Top 10 tenant customer groups1 Composition 14.7% For personal use only - Major tenants Woolworths, Coles, bp, Wesfarmers2, Ampol, Endeavour, Aldi and Gull 13.0% represent 57% of portfolio income - Following the off-market acquisitions, Ampol, 12.3% Ende
Slide 13: Tenant Customer Relationships
Retail CEO’s Address Tenant Customer Relationships - Delivered annual CentreSAT survey in March Top ranked landlord by our tenants (NPS) For personal use only 2023 through Monash Business School’s ACRS Research unit 1 - Participation from 1,173 Retail tenant customers 2021 2022 2023CQR achieving a 9
Slide 14: Outlook and Guidance
Retail CEO’s Address Outlook and Guidance – Strategy remains consistent and focused on non-discretionary convenience retailers, providing income growth and resilience For personal use only – Portfolio curation and active asset management with an increased focus on convenience long WALE retail will c
Slide 15: Questions
For personal use only 3 Gateway Plaza, Leopold Vic Charter Hall Retail REIT Questions Charter Hall Retail REIT Charter Hall Retail REIT 2023 Annual General Meeting 2023 Full Year Results 2023 Half Year Results
Slide 16: Item of Business
For personal use only CharterHall Charter Charter 2023 2023 Full HallRetail RetailREIT Hall Retail Annual YearGeneral REIT REIT ResultsMeeting 2023 Half Year Results 4 Albany Plaza, Albany WA Item of Business
Slide 17: Item of Business: Re-election of Independent Director
Item of Business Re-election of Independent Director For personal use only To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Unitholders: “That Mr Michael Gorman be re-elected as a Director of Charter Hall Retail Management Limited”. Charte
Slide 18: Item of Business: Re-election of Independent Director Results
Item of Business Re-election of Independent Director For personal use only FOR: 85.63% OPEN: .11% AGAINST: 14.26% Charter Hall Retail REIT 2023 Annual General Meeting 18
Slide 19: Meeting Closed
For personal use only Meeting Closed Charter Hall Retail REIT Rockdale, NSW Charter Charter 2023 Hall HallRetail Annual RetailREIT REITMeeting General 2022 2022Annual Annual General General Meeting Meeting
Slide 20: Further information
Further information For personal use only Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/cqr IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been pr
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