Gpt Group · ASX:GPT
Gpt — Investor Presentation (January 2015)
13 slides from Gpt's investor presentation, Jan 21, 2015
Slide 1: GPT Equity Raising
For personal use only GPT EQUITY RAISING 21 January 2015 Redemption of Exchangeable Securities and Equity Raising NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 2: Important Notices
IMPORTANT NOTICES Not an offer For personal use only Nothing in this announcement constitutes an offer of securities for sale or an offer to purchase any securities, or an invitation to any person to make such an offer, in any jurisdiction. This announcement does not constitute an offer to sell, or
Slide 3: Key Points
KEY POINTS Redemption of Exchangeable Securities, Equity Raising and Earnings Update For personal use only Redemption of Exchangeable Securities GPT to redeem Exchangeable Securities owned by GIC for $325 million, plus accrued distribution Equity Raising Redemption to be funded with an equity ra
Slide 4: 2014 Key Financial Results
2014 KEY FINANCIAL RESULTS1 Delivering on strategy and well positioned for growth For personal use only Competitive returns in 2014 4.1% FFO of $452 million, representing FFO per security growth of 4.1% 2014 FFO per security compared to 2013 growth NTA per security of $3.94, representing an incr
Slide 5: Transaction Benefits
TRANSACTION BENEFITS Strong balance sheet and improved WACC For personal use only Repurchasing the Exchangeable Securities on attractive terms − Transaction is accretive to 2015 FFO per security on an equity funded basis Maintaining a strong balance sheet − Fully underwritten equity raising of $
Slide 6: Equity Raising
EQUITY RAISING Fully underwritten institutional placement For personal use only Institutional Placement $325 million fully underwritten Placement to institutional investors − Conducted following market close on 21 January, 2015 New Placement securities will be issued at a fixed price of $4.23 pe
Slide 7: 2015 Target & Outlook
2015 TARGET & OUTLOOK Earnings outlook driven by portfolio performance For personal use only Earnings guidance: FFO per security growth of 5%1 Distribution payout ratio: 100% of AFFO Targeting Total Return > 9% Outlook The Group remains in a strong capital position with an improved WACC Le
Slide 8: International Offer Restrictions
IMPORTANT INFORMATION International Offer Restrictions For personal use only This document does not constitute an offer of new stapled securities ("New Securities") of the Group in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to any person, and
Slide 9: Statutory rights of action for damages and rescission
IMPORTANT INFORMATION (CONT.) Unless stated otherwise, all dollar amounts contained in this document are in Australian dollars. For personal use only Statutory rights of action for damages and rescission Securities legislation in certain of the Provinces may provide purchasers with, in addition to a
Slide 10: Canadian tax and language considerations
IMPORTANT INFORMATION (CONT.) These rights are in addition to and not in derogation from any other right the purchaser may have. For personal use only Certain Canadian income tax considerations. Prospective purchasers of the New Securities should consult their own tax adviser with respect to any tax
Slide 11: Hong Kong and New Zealand offer restrictions
IMPORTANT INFORMATION (CONT.) The contents of this document have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise For personal use only caution in relation to the offer. If you are in doubt about any contents of this document, you should obtain independent profess
Slide 12: Singapore, South Africa and Switzerland restrictions
IMPORTANT INFORMATION (CONT.) Any offer is not made to you with a view to the New Securities being subsequently offered for sale to any other party. You are For personal use only advised to acquaint yourself with the SFA provisions relating to resale restrictions in Singapore and comply accordingly.
Slide 13: United Arab Emirates offer restrictions
IMPORTANT INFORMATION (CONT.) Securities within the UAE. Nothing in connection with the offer of the New Securities, including the receipt of applications and/or For personal use only the allotment of securities in the Group, have been or will be rendered within the UAE by the Group. Nothing contain