Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (November 2023)
27 slides from Goodman's shareholder meeting presentation, Nov 14, 2023
Slide 1: ASX cover letter: Chairman's and CEO's Presentations
14 November 2023 Market Announcements Office ASX Limited Via ASX Online Dear Sir / Madam Goodman Group (Goodman) Annual General Meetings - Chairman's and CEO's Presentations Please find attached the Chairman’s and Group CEO’s written addresses and presentations for Goodman's Annual General Meetings
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS GOODMAN GROUP AGM 2023 14 NOVEMBER 2023, 10AM WELCOME AND INTRODUCTIONS Good morning and welcome to the 2023 Annual General Meetings of Goodman Group. I’m Stephen Johns, an Independent Director and Chairman of the Board. I extend a warm welcome to everyone here in the room with us
Slide 3: Chairman's Address (continued)
Greg Goodman will talk in greater detail about both the operational and financial performance of the Group in his CEO address. The long-term sustainability of our business remains a priority. In addition to the strong financial performance, Goodman has made considerable progress against its sustaina
Slide 4: Chairman's Address: remuneration and board progression
• Challenging operating EPS hurdles were set for the Long-term incentive plan with 6% to 11% compound annual growth over the 4-year testing period. It is important to note that these challenging earnings targets were set in the context of the deteriorating global economic and operational environment
Slide 5: Chairman's Address: closing
the Remuneration Committee from 2010 until earlier this year, has been instrumental in the formulation of the Group’s remuneration strategies and a keen contributor to Board deliberations more generally. He has helped steward a successful international business with a strong shared culture and long-
Slide 6: CEO AGM speech 2023
CEO AGM speech 2023 Good morning and welcome. Sustained growth Goodman Group had a strong year. We delivered operating profit of approximately $1.8 billion, translating to operating earnings per security increase of 16%. Operating profit has almost doubled over the last five years, with average oper
Slide 7: CEO AGM speech: ESG and data centre progress
our developments, and reducing carbon emissions in line with our targets. Highlights include reaching around 75% of our 2025 solar PV target, and contributing over $10 million to community causes via the Goodman Foundation. Data centre progress As you saw from the video played earlier, the digital e
Slide 8: Goodman Group Annual General Meetings 2023
GOODMAN GROUP ANNUAL GENERAL MEETINGS 2023 Goodman Joso, Greater Tokyo, Japan
Slide 9: Agenda
AGENDA 01 Welcome and introductions 02 Chairman’s address 03 Group strategy video 04 Group CEO’s address 05 Formal business 06 Close Goodman Group Annual General Meetings 2023
Slide 10: Directors and Executives
DIRECTORS AND EXECUTIVES Greg Goodman Anthony Rozic Kitty Chung Group Chief Executive Officer Executive Director Independent Director Carl Bicego Chris Green George Zoghbi Company Secretary Independent Director Independent Director Phillip Pryke Hilary Spann Danny Peeters Independent Director Indepe
Slide 11: Chairman's Address
CHAIRMAN’S 02 ADDRESS STEPHEN JOHNS Goodman Group Annual General Meetings 2023
Slide 12: 2023 Overview
2023 02 OVERVIEW Tsuen Wan West, Hong Kong SAR, China Delivered a very strong result Operating earnings per security increased by 16%, well ahead of our 11% market guidance Long term sustainability of the business remains a priority Significant progress made against our sustainability targets Cautio
Slide 13: Sustainability and Innovation
02 SUSTAINABILITY AND INNOVATION + October 2022 established Sustainability ATL Logistics Centre, Hong Kong SAR, China and Innovation Committee + Focus on initiatives supporting sustainable developments and the impact of emerging technology + Sustainability and innovation are strategic business issue
Slide 14: Remuneration
02 REMUNERATION + Continued to engage with institutional Highbrook Business Park, Auckland, New Zealand investors during the year to confirm alignment with securityholders’ long-term interests + For our key management personnel: – The short-term incentive component for FY23 was reduced by 10%; –T he
Slide 15: Board Progression
02 BOARD PROGRESSION + Directors standing for election Goodman Board Diversity Metrics (Non-Executive Directors) – Ms Belinda Robson GENDER DIVERSITY GEOGRAPHIC DIVERSITY – Mr George Zoghbi 14% – Kitty Chung – Goodman Logistics (HK) 37.5% 30% 14% 62.5% 60% + Directors standing for re election 71% 12
Slide 16: Closing
02 CLOSING + A sustainable business with a solid long-term strategy to deliver on future growth opportunities + High quality global industrial real estate + Committed and experienced management team + Proven business model + Supportive capital partners + Strong balance sheet. Goodman Group Annual Ge
Slide 17: Essential Infrastructure for the Digital Economy
03 ESSENTIAL INFRASTRUCTURE FOR THE DIGITAL ECONOMY Goodman Group Annual General Meetings 2023
Slide 18: CEO's Address
CEO’S 04 ADDRESS GREG GOODMAN Goodman Group Annual General Meetings 2023
Slide 19: Sustained Growth
04 SUSTAINED GROWTH + $1.8 billion operating profit, up 17% OPERATING PROFIT on FY22 + 94.3 cents EPS, up 16% on FY22 17% CAGR + $1.56 billion statutory profit + 9% growth in Net Tangible Assets. $1.8bn $1.5bn $1.2bn $1.1bn $0.9bn FY19 FY20 FY21 FY22 FY23 Goodman Group Annual General Meetings 2023
Slide 20: Balance Sheet Strength
04 BALANCE SHEET STRENGTH + Gearing low at 8.3% + Group liquidity $3.1 billion + Liquidity across Partnerships c. $17.6 billion*. As at 30 June 2023. * Partnership investment subject to Investment Committee approval. Goodman Group Annual General Meetings 2023
Slide 21: Strategic Locations
04 STRATEGIC LOCATIONS + 99% occupancy* Axis Alexandria, Sydney, Australia + 4.9% rental growth* + 5.4 years WALE*. As at 30 September 2023. * Partnership industrial and warehouse assets (excludes office properties which have been earmarked for redevelopment) and represents 97% of Partnership assets
Slide 22: Development Depth
04 DEVELOPMENT DEPTH + $12.7 billion WIP + $7 billion annual production rate + 80 projects + 98% leased on completion. As at 30 September 2023. Goodman Group Annual General Meetings 2023
Slide 23: Partnership Platform
04 PARTNERSHIP PLATFORM + Total AUM $82.9 billion* + External AUM $78.4 billion* + Partnership return 7.3%. * As at 30 September 2023. Goodman Group Annual General Meetings 2023
Slide 24: Here for Good
04 HERE FOR GOOD + ESG integrated throughout Goodman + Practical measures to improve resilience + Sustainable design features + Reducing emissions + Renewable energy + Regeneration of infill sites + $10.8 million facilitated by the Goodman Foundation in FY23. Goodman Group Annual General Meetings 20
Slide 25: Data Centre Progress
04 DATA CENTRE PROGRESS + Providers of essential infrastructure CONTINENTAL for the digital economy EUROPE/UK 1.2 GW + Unprecedented demand Power bank + 0.6 GW delivered Greater London Amsterdam over 15 years Frankfurt Paris ASIA + 3.7 GW power bank Los Angeles Madrid Tokyo 1.5 GW Osaka Power bank +
Slide 26: FY24 Outlook
FY24 04 OUTLOOK Artist's impression: Data centre development, Sydney, Australia Market disruption and volatility Goodman well placed Customer focus on maximising efficiency Data centres increasing contributor to growth Strong capital position 9% EPS growth $1.9 billion operating profit. Goodman Grou
Slide 27: Thank You
XX XXXX THANK YOU For more information visit goodman.com Important Notice This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 21