Gowing Bros. Ltd. · ASX:GOW
Gowing Bros — Investor Presentation (November 2009)
13 slides from Gowing Bros's investor presentation, Nov 13, 2009
Slide 1: Port Central Shopping Centre Presentation
For personal use only GOWINGS Est. 1868 Port Central Shopping Centre Presentation 13 November 2009
Slide 2: For personal use only
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only
Slide 3: For personal use only
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only
Slide 4: For personal use only
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only Source: www.portcentral.net.au
Slide 5: Port Central Shopping Centre key facts
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only Location Port Macquarie, NSW Asset Type Sub Regional Shopping Centre Retail Space 15,023 sqm Freehold Interest 100% Occupancy 99.4% Number of Tenants 60 specialty + 2 majors (Target, Super IGA) Car Spaces 851 spaces Major Tenants T
Slide 6: Strategic Rationale for Investment
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only STRATEGIC RATIONALE FOR INVESTMENT Gowings has been seeking to acquire a higher yielding asset whose cashflows are reliable and stable. With the Australian economy and unemployment remaining highly resilent, we believe it is an
Slide 7: Key Benefits of the Asset
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only KEY BENEFITS OF THE ASSET Modern well maintained property (completed in 1995). Significant portion of tenants are national retailers. Income diversification with built in rental growth. Strong majors on long term leases.
Slide 8: Gowings' Retail Property Expertise
Port Central Shopping Centre GOWINGS Est. 1868 For personal use only GOWINGS’ RETAIL PROPERTY EXPERTISE Developed (1924 – 1929), managed, re-developed (1994 – 2000) and sold Market Street, Sydney building Sydney (1924 – 2006) Developed, managed and sold George Street, Sydney (Wynard) building (1
Slide 9: Gowings Investment Portfolio
Gowings Investment Portfolio GOWINGS Est. 1868 For personal use only Current Portfolio Post Port Central Acquisition Portfolio 2% 8% 25% Cash 36% 8% Listed Equities Property (net of debt) Private Equities 13% 53% 53% 1 Based on unaudited financial accounts as at 30 September 2009 adjusted for the im
Slide 10: Gowings Investment Portfolio: Pre and Post Acquisition
Gowings Investment Portfolio GOWINGS Est. 1868 For personal use only PRE ACQUISITION1 POST ACQUISITION1 $ million $ million Cash 53.7 19.1 Listed Equities 79.0 79.0 Property 15.7 76.3 Borrowings (13.0) (39.0) Net Property 2.6 37.2 Private Equities 12.3 12.3 Net Assets before provision for tax on unr
Slide 11: About Gowings: Investment Objective and Philosophy
About Gowings For personal use only INVESTMENT OBJECTIVE To maximise and protect shareholder wealth over the long term. INVESTMENT PHILOSOPHY Investments are made across different asset classes to take advantage of changing cycles. This greatly assists to outperform the equity market during periods
Slide 12: About Gowings: History
About Gowings For personal use only HISTORY The Gowing family started the company in 1868 and continues to use the company as its principal wealth creation and preservation vehicle. The company, under 4 generations of the Gowing family, has prospered through 141 years of economic booms and busts, wo
Slide 13: Disclaimer
Disclaimer For personal use only This Presentation may contain forward-looking statements. Forward-looking statements can be identified by the use of words such as “may”, “should”, “will”, “expect”, “anticipate”, “believe”, “estimate”, “intend”, “scheduled” or “continue” or similar expressions. Any