Slide 1: Make Things Happen
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Slide 2: Important notice and disclaimer
Important notice and disclaimer + This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071), Goodman Funds Management Limited (ABN 48 067 796 641; AFSL Number 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839) and Goodman Logistics (HK) Lim
Slide 3: Contents
Contents + Section 1 Quarterly operational highlights + Section 2 Brazil platform + Appendices - Leasing - Development - Management platform - Global platform 3
Slide 4: Section 1 Quarterly Operational Highlights
+ Section 1 Quarterly Operational Highlights Centenary Distribution Centre, Australia
Slide 5: Quarterly operational highlights
Quarterly operational highlights + Strong operating performance maintained – Increased activity levels resulting in upgraded guidance at the half year maintained – Ongoing demand for prime industrial space across the global portfolio remains robust, reflecting the quality of the portfolio and custom
Slide 6: Quarterly operational highlights
Quarterly operational highlights + Ability to create long term value is underpinned by a globally diversified platform – Australia: Yield spreads to low interest rates remaining attractive and therefore demand in industrial assets expected to continue. Urban renewal providing further rotation opport
Slide 7: Snapshot
Snapshot A$33.2 billion A$28.1 billion A$3.2 billion A$5.1 billion total assets under management 9.3%¹ external assets under management 11.5%¹ Development work in progress 3.2%¹ direct property investment portfolio 1.1%¹ + 1,750 32 1,116 customers cities people globally (approx) worldwide 427 18 mil
Slide 8: Quarterly operational highlights - Own
Quarterly operational highlights - Own + Property fundamentals remain sound, reflecting the quality of the assets and customers – Leased 2.3 million sqm across the platform over the nine months Total assets under management equating to $239 million of annual net property income – Maintained occupanc
Slide 9: Quarterly operational highlights - Own
Quarterly operational highlights - Own Sale Leasing Goodman Business Park, Chiba, Japan Northampton Commercial Park, UK Goodman Qingpu Centre, China Transaction Transaction Transaction 65% leased on completion Amazon, Pforzheim,65% Germany Vatry, 97% leased on completion Type Type leased on completi
Slide 10: Quarterly operational highlights - Develop
Quarterly operational highlights - Develop + Development workbook of $3.2 billion across 72 projects with a Development WIP ($bn) forecast yield on cost of 8.1% – Active development workbook across all regions – North America growing to 12% of development WIP and will trend higher + Development comm
Slide 11: Quarterly operational highlights - Develop
Quarterly operational highlights - Develop Sale Leasing Oakdale Industrial Estate, Eastern Creek, Australia Goodman Kunshan North Park, Kunhsan, China Landshut, Germany Estimated end Estimated end Estimated end $91 m (site 3) value $37 m $60 m value value Land area 93,490 sqm Land area 73,980 sqm La
Slide 12: Quarterly operational highlights - Manage
Quarterly operational highlights - Manage + Growth in external AUM to $28 billion driven by External AUM ($bn) – Growing development work book and revaluations + $1.5 billion of asset rotation (excluding urban renewal) enhancing the quality of portfolios – Primary funding source of developments – Fu
Slide 13: Section 2 Brazil platform
+ Section 2 Brazil platform Centenary Distribution Centre, Australia
Slide 14: Brazil platform
Brazil platform 100% OWNERSHIP OF OPERATING PLATFORM + Goodman Group and WTorre split respective interests in the assets of the joint venture – Goodman has 100% ownership of the operating and management platform – 100% ownership of the 276,000 sqm of stabilised assets in Rio de Janeiro and Sao Paulo
Slide 15: Brazil platform
Brazil platform Location GLA sqm Customer Betim Duque de Caxias – Rio de Janeiro 73,768 2016 Olympic Committee Campo Grande– Rio de Janeiro 145,392¹ Via Varejo Itupeva – São Paulo 84,497 Annixter, Bosch Betim – Minas Gerais 62,783 Major US retailer Total 366,440 Duque de Caxias Campo Grande Itupeva
Slide 16: Appendices
+ Appendices Centenary Distribution Centre, Australia
Slide 17: Leasing
Leasing¹ Across the Group and Partnership platform: + 2.3 million sqm of leases during 9 months to 31 March 2016 + Positive lease reversions of 3.5% per annum on new leasing deals + Occupancy maintained at 96% Region Leasing area (sqm) Net annual rent (A$m) Average lease term (years) Australia 495,3
Slide 18: Development
Development Q3 FY16 Developments Completions Commencements Work in progress Value ($m) 2,174 2,325 3,239 Area (m sqm) 1.9 2.0 2.3 Yield (%) 9.0 8.0 8.1 Pre-committed (%) 82 61 62 Weighted Average Lease Term (years) 9.0 8.8 10.3 Development for Third Parties or Partnerships (%) 77 63 74 Australia / N
Slide 19: Management platform
Management platform GAIP GHKLP GAP GEP GCLP GMT1 GJCP2 ABPP Total assets $6.5bn $4.4bn $3.8bn $3.8bn $2.6bn $2.1bn $1.7bn $1.1bn GMG co-investment 27.5% 20.0% 19.9% 20.4% 20.0% 20.8%3 20.0%3 43.1% GMG co-investment $1.2bn $0.7bn $0.6bn $0.4bn $0.5bn $0.3bn3 $0.2bn3 $0.3bn Number of properties 116 13
Slide 20: Global platform
Global platform Europe/UK AS1.2bn in assets 5 properties, 252 people North America ‘A$6.0bn in assets 38 people 143 properties US$3.0bn in assets‘ 12 properties * A$0.1bn in assets 3 properties Brazil 28 people A$0.3bn in assets’ 4 properties + Total GMG Partnerships A$5.1bn in assets A$28.1bn in as
Slide 21: Thank you
thank+you