Dexus · ASX:DXS
Dexus — DEXUS Property Group — Investor Presentation (June 2010)
17 slides from Dexus's investor presentation, Jun 4, 2010
Slide 1: DEXUS Property Group US Property Tour
2010 DEXUS Property Group US Property Tour DEXUS Funds Management Limited ABN 24 060 920 783 AFSL DEXUS238163 as responsible Property Group, US entity for Tour Property DEXUS—Property Slide 1 Group
Slide 2: Presenters: Victor Hoog Antink and Jane Lloyd
TITLE DEXUSSLIDE US HEADER (Trebuchet Bold 28pt) Sub title (Trebuchet 16 pt) Jane Lloyd, Victor Hoog Managing Antink Director, US Investments Chief Executive Officer 3691 North Perris Boulevard, Perris, CA DXS 2009 Annual Results — Slide 2
Slide 3: DEXUS US Vision
DEXUS US VISION Our goal in the US is to become a market leader in industrial real estate on the west coast within three years by: — Repositioning our existing portfolio to create critical mass, and — Establishing a full service asset management platform Our brand proposition Quality assets Active
Slide 4: US Industrial: The task at hand
US INDUSTRIAL The task at hand Establish US team Manage existing portfolio - improved operational performance Transition management of existing core portfolio Reposition portfolio to preferred west coast markets 13602 12th Street, Chino, CA DEXUS Property Group, US Property Tour — Slide 4
Slide 5: Industrial Markets: Some perspective on relative size
INDUSTRIAL MARKETS Some perspective on relative size DEXUS Property Group, US Property Tour — Slide 5
Slide 6: US Operating Environment: Weak but improving
US OPERATING ENVIRONMENT Weak but improving US industrial net absorption weak US Industrial absorption and US GDP but forecast to improve with economy 2011-13 US industrial transaction volumes US Industrial transactions remain low following 2007 peak Source: RCA, RREEF, DEXUS Research * To Q1/10
Slide 7: 1. Existing Portfolio Management
1. EXISTING PORTFOLIO MANAGEMENT What do we want? How do we measure? What are we doing? — Stabilized portfolio — Rental growth, retention — Building DEXUS team and receivables — Consistent performance — Regular visits to assets — Benchmarking — Long-term sustainable — Weekly calls earnings gro
Slide 8: 2. Establishment of US Team
2. ESTABLISHMENT OF US TEAM DEXUS Property Group, US Property Tour — Slide 8
Slide 9: 3. Transition Portfolio and Asset Management
3. TRANSITION PORTFOLIO AND ASSET MANAGEMENT DEXUS US – An Integrated Property Model Jun 2010 Investment management (portfolio oversight) Asset Leasing & Development IT, Finance, Jan 2011 Management Transactions Management CR&S CBRE Property management ENHANCED PERFORMANCE AND VALUE DEXUS Property G
Slide 10: Portfolio – April 2009
4. TRANSITION PORTFOLIO TO PREFERRED WEST COAST MARKETS Portfolio – April 2009 DEXUS Property Group, US Property Tour — Slide 10
Slide 11: Portfolio – current
4. TRANSITION PORTFOLIO TO PREFERRED WEST COAST MARKETS Portfolio – current DEXUS Property Group, US Property Tour — Slide 11
Slide 12: Portfolio – following repositioning
4. TRANSITION PORTFOLIO TO PREFERRED WEST COAST MARKETS Portfolio – following repositioning DEXUS Property Group, US Property Tour — Slide 12
Slide 13: Target Asset Criteria
TARGET ASSET CRITERIA What type of assets do we want? — A-Grade and quality B-Grade — Institutional grade (high spec) Core portfolio — Assets that can become A-Grade Criteria — Preferred west coast markets — Location – transport nodes — Specification — Disciplined approach Why? — Operational e
Slide 14: US Investments: Where we are and where we want to be
US INVESTMENTS Where we are and where we want to be MARKETS 2010 2012/13 Markets 17 markets Preferred west coast markets People 12 people 20-25 people 3 parties with multiple interests One organization One culture One brand Tenant relationships Portfolio managed by 2 x third Core portfolio managed b
Slide 15: Key Performance Indicators
KEY PERFORMANCE INDICATORS Short-term — Third party providers — More aggressive deals — Stronger enforcement/expectation on benchmarks Assemble team — Selection — DEXUS approach: service excellence Assume asset management responsibility Implement integrated management Future opportunities
Slide 16: Questions
TITLE SLIDE HEADER QUESTIONS (Trebuchet Bold 28pt) Sub title (Trebuchet 16 pt) Victor Hoog Antink Chief Executive Officer 4190 Santa Ana Street, Ontario, CA DXS 2009 Annual Results — Slide 16
Slide 17: DEXUS Property Group US Property Tour
2010 DEXUS Property Group US Property Tour DEXUS Funds Management Limited ABN 24 060 920 783 AFSL DEXUS238163 as responsible Property Group, US entity for Tour Property DEXUS—Property Slide 17 Group
DEXUS Property Group — Investor Presentation (June 2010) on 6ix