Charter Hall Retail Reit · ASX:CQR
Charter Hall Retail Reit — Shareholder Meeting (October 2024)
20 slides from Charter Hall Retail Reit's shareholder meeting presentation, Oct 30, 2024
Slide 1: 2024 Annual General Meeting
Charter Hall Retail REIT 2024 Annual General Meeting ASX:CQR Charter Hall Retail REIT 2024 Annual General Meeting
Slide 2: Agenda
Agenda 1. Independent Chair’s Address: Roger Davis 2. Retail CEO & Fund Manager’s Address: Ben Ellis 3. Questions 4. Items of Business 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 pres
Slide 3: Independent Chair's Address: Roger Davis
1 Independent Chair’s Address: Roger Davis Rye Hotel Mornington Peninsula, Vic Charter Hall Retail REIT 2024 Annual General Meeting 3
Slide 4: Board of Directors and Fund Managers
Independent Chair’s Address Board of Directors Fund Managers 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 Finance C
Slide 5: CQR Convenience Retail Strategy
Independent Chair’s Address CQR Convenience Retail Strategy Convenience Retail Every day needs focused goods and services in highly accessible locations Providing a resilient and growing income stream for our investors from Shopping Centre Retail Net Lease Retail convenience retail property − Strate
Slide 6: Delivering on Strategy
Independent Chair’s Address Delivering on Strategy Strategic portfolio curation and asset recycling into accretive higher quality assets Divestments Acquisitions Active Asset Management - Five non-core assets1 divested for $315m in - $25m acquisition in RP6 with our wholesale - Completed Dan Murphys
Slide 7: ESG Leadership
Independent Chair’s Address ESG Leadership Achievements in FY24 Looking Forward Net Zero by 2025 Clean energy 4.9 Star NABERS Energy Scope 3 emissions Environment Remained on track to achieve Net Zero 17.5MW of solar installed to date will portfolio rating for Retail assets. Increase diversion from
Slide 8: Retail CEO & Fund Manager's Address
2 Retail CEO & Fund Manager’s Address Butler Central Butler, WA Charter Hall Retail REIT 2024 Annual General Meeting 8
Slide 9: Portfolio Highlights
Retail CEO & Fund Manager’s Address Portfolio Highlights Key metrics FY23 FY24 Movement Same property NPI growth Total MAT growth1 Operating earnings $166.9m $159.0m (4.7%) 3.6% 3.7% Operating earnings per unit 28.7 cents 27.4 cents (4.7%) from 3.3% for FY23 Supermarket MAT growth 4.3% Distributio
Slide 10: 4-Year Valuation Cycle
Retail CEO & Fund Manager’s Address 4-Year Valuation Cycle CQR 4-year like-for-like cap rates and valuations1 - On a like-for-like basis1 weighted average cap rates have expanded over the past two years 8.00% LFL portfolio $3.5bn by the same amount they compressed from valuation growth 30 June 2020
Slide 11: Portfolio Summary
Retail CEO & Fund Manager’s Address Portfolio Summary – Convenience shopping centre retail occupancy improved from 98.6% to 98.8% Portfolio snapshot Jun 23 Jun 24 – 3.7% total MAT growth1,2 Number of convenience shopping centre retail assets 49 45 Number of convenience net lease retail assets 597 59
Slide 12: Portfolio Tenant Customer Composition
Retail CEO & Fund Manager’s Address Top 10 tenant customer groups1 Portfolio Tenant Customer Composition 14.3% - Major tenants Woolworths, Coles, bp, Wesfarmers2, Ampol, Endeavour, Aldi and Gull 13.4% represent 57% of portfolio income - Largest mini-major and specialty tenant 12.2% represent 1.6% an
Slide 13: Convenience Net Lease Portfolio
Retail CEO & Fund Manager’s Address Convenience Net Lease Portfolio Portfolios Value Number of Cap rate WALE Rent $’m assets (years) review – Convenience net lease retail1 represents 28% of bp Australia 537 220 4.8% 15.5 CPI total portfolio by value and 22% of total portfolio bp New Zealand 168 70 5
Slide 14: Outlook and Guidance
Retail CEO & Fund Manager’s Address Outlook and Guidance – Strategy remains consistent and focused on non-discretionary convenience retail, providing resilient income growth – Portfolio curation and active asset management will continue to improve portfolio quality – Positive leasing spreads, high o
Slide 15: Questions
3 Questions Carnes Hill Marketplace Horningsea Park, NSW Charter Hall Retail REIT 2024 Annual General Meeting 15
Slide 16: Items of Business
4 Items of Business Secret Harbour Square Secret Harbour, WA Charter Hall Retail REIT 2024 Annual General Meeting 16
Slide 17: Resolution 1 Re-election of Independent Director
Items of Business Resolution 1 Re-election of Independent Director To consider, and if thought fit, pass the following resolution, as advisory, non-binding resolution of the Unitholders: “That Mr Roger Davis be re-elected as a director of Charter Hall Retail Management Limited.” Charter Hall Retail
Slide 18: Resolution 1 - Proxies – Roger Davis
Items of Business Resolution 1 - Proxies – Roger Davis Re-election of Independent Director FOR: 81.66% OPEN: .14% AGAINST: 18.20% Charter Hall Retail REIT 2024 Annual General Meeting 18
Slide 19: Meeting Closed
5 Meeting Closed Gateway Plaza Leopold, Vic Charter Hall Retail REIT 2024 Annual General Meeting 19
Slide 20: Further information
Further information 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 prepared by and is the s
Charter Hall Retail REIT — Shareholder Meeting (October 2024) on 6ix