Riocan Real Estate Investment Trust · TSX:REI.UN

Riocan Real Estate Investment Trust — Shareholder Meeting (May 2014)

62 slides from Riocan Real Estate Investment Trust's shareholder meeting presentation, May 27, 2014

  1. Slide 1: Annual and Special Meeting

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  2. Slide 2: Paul Godfrey, C.M., Chairman

    Paul Godfrey, C.M. Chairman, RioCan Real Estate Investment Trust Tuesday, 27 May, 14 2

  3. Slide 3: Forward Looking Statements

    Forward Looking Statements Certain information to be discussed during this annual and special meeting, or in the management presentation which will follow the formal portion of the meeting, contains forward-looking statements within the meaning of applicable securities laws including, among others,

  4. Slide 4: Tuesday, 27 May, 14

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  5. Slide 5: RioCan Real Estate Investment Trust

    RIO*CAN a oo ee EUGUR EI Tuesday, 27 May, 14

  6. Slide 6: Leasable Space

    Leasable Space < 1,000,000 ft2 Tuesday, 27 May, 14 6

  7. Slide 7: Leasable Space

    Leasable Space > 50,000,000 ft2 Tuesday, 27 May, 14 7

  8. Slide 8: Rental Income

    Rental Income , 2 0 0 M $1 $ 1 3 M Tuesday, 27 May, 14 8

  9. Slide 9: Enterprise Value

    Enterprise Value . 5 B $14 0 0 M $1 Tuesday, 27 May, 14 9

  10. Slide 10: Tuesday, 27 May, 14

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  11. Slide 11: US Growth

    US Growth MA 20% of RioCan’s CT income-producing PA A NJ properties, by square MD feet, are in the US – VA generating 16% of RioCan’s overall rental revenue TX Tuesday, 27 May, 14 11

  12. Slide 12: Tuesday, 27 May, 14

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  13. Slide 13: Executive Team

    Executive Team Tuesday, 27 May, 14 13

  14. Slide 14: Tuesday, 27 May, 14

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  15. Slide 15: Tuesday, 27 May, 14

    RIO*CAN REAL ESTATE INVESTMENT TRUST £108 a4¥934095 039 | ON Tee felt Y OF THE TO SAVE COMPANIES CANADAS LR. OUTSTANDING focused on the Tuesday, 27 May, 14

  16. Slide 16: Tuesday, 27 May, 14

    RIO#CAN REAL ESTATE INVESTMENT TRUST Tuesday, 27 May, 14 [NANCLA SINE *ANADAS CAN ADNG Ed Sonshine: (; a KO OF} | 0 of the year EAR LPAI unada's Outstanding focused on the

  17. Slide 17: Tuesday, 27 May, 14

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  18. Slide 18: Vision 20/20

    Vision 20/20 Tuesday, 27 May, 14 18

  19. Slide 19: Tuesday, 27 May, 14

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  20. Slide 20: Edward Sonshine, Chief Executive Officer

    Edward Sonshine O. Ont., Q.C. Chief Executive Officer, RioCan Real Estate Investment Trust Tuesday, 27 May, 14 20

  21. Slide 21: Tuesday, 27 May, 14

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  22. Slide 22: Revenues

    Revenues In Millions at RioCan’s Interest CAGR 12% 1,195 1,114 988 882 758 2009 2010 2011 2012 2013 Tuesday, 27 May, 14 22

  23. Slide 23: Net Operating Income

    Net Operating Income In Millions at RioCan’s Interest CAGR 12.9% 758 704 622 551 466 2009 2010 2011 2012 2013 Tuesday, 27 May, 14 23

  24. Slide 24: Operating FFO Per Unit

    Operating FFO* Per Unit CAGR 7.5% $1.63 $1.52 $1.43 $1.33 $1.22 2009 2010 2011 2012 2013 * Note: FFO reported under IFRS for 2010 onwards, excludes trading gain income Tuesday, 27 May, 14 24

  25. Slide 25: Payout Ratio

    Payout Ratio Distributions Per Unit net of DRIP 104% 93% 87% 86% 81% 75% 73% 66% 70% 64% 2009 2010 2011 2012 2013 Payout Ratio AFFO Payout Ratio OFFO Tuesday, 27 May, 14 25

  26. Slide 26: Portfolio Concentration in Canada's Six Major Markets

    Portfolio Concentration in Canada’s Six Major Markets 71.7% 72.2% 67.5% 66.3% 65.9% 65.2% 2009 2010 2011 2012 2013 Q1 2014 Tuesday, 27 May, 14 26

  27. Slide 27: Growth in Assets and Debt in the Past Five Years

    Growth in Assets and Debt in the Past Five Years In Millions 20.5% CAGR 2008 2009 12.9% CAGR 2010 2011 2012 2013 Debt Assets Tuesday, 27 May, 14 27

  28. Slide 28: Leverage and Interest Coverage

    Leverage and Interest Coverage 2.9x 2.9x 2.9x 2.8x 2.8x 2.6x 2.6x 2.7x 2.7x 2.7x 2.6x 2.5x 2.5x 2.2x 56.6% 56.3% 54.9% 55.6% 51.9% 53.1% 53.8% 53.9% 47.3% 48.2% 49.1% 46.4% 43.5% 44.0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Leverage Interest Coverage Tuesday, 27 May, 1

  29. Slide 29: Tuesday, 27 May, 14

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  30. Slide 30: 1717 Avenue Rd.

    1717 Avenue Rd. Toronto, Ontario Tuesday, 27 May, 14 30

  31. Slide 31: Tuesday, 27 May, 14

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  32. Slide 32: Development Program Advantages

    Development Program Advantages • Risk management • Capital strategy • Continued growth Tuesday, 27 May, 14 32

  33. Slide 33: The Stockyards

    2014 The Stockyards Weston Road & St. Clair Toronto, Ontario Tuesday, 27 May, 14 33

  34. Slide 34: The Stockyards

    2014 The Stockyards Weston Road & St. Clair Toronto, Ontario Tuesday, 27 May, 14 34

  35. Slide 35: The Stockyards

    2014 The Stockyards Weston Road & St. Clair Toronto, Ontario Tuesday, 27 May, 14 35

  36. Slide 36: Tanger Outlet Mall Expansion

    2014 Tanger Outlet Mall Expansion Cookstown, Ontario Tuesday, 27 May, 14 36

  37. Slide 37: Tanger Outlet Mall

    2014 Tanger Outlet Mall Ottawa, Ontario Tuesday, 27 May, 14 37

  38. Slide 38: Redevelopment of Blue Mountain Mall

    2014 Redevelopment of Blue Mountain Mall Collingwood, Ontario Tuesday, 27 May, 14 38

  39. Slide 39: Sage Hill Shopping Centre

    2015 Sage Hill Shopping Centre Calgary, Alberta Tuesday, 27 May, 14 39

  40. Slide 40: The Cube

    2015 The Cube RioCan Yonge Eglinton Centre Toronto, Ontario Tuesday, 27 May, 14 40

  41. Slide 41: Herongate Shopping Centre

    2015 Herongate Shopping Centre Ottawa, Ontario Tuesday, 27 May, 14 41

  42. Slide 42: 1860 Bayview Avenue

    2015 1860 Bayview Avenue Toronto, Ontario Tuesday, 27 May, 14 42

  43. Slide 43: Redevelopment & Expansion of Yonge Sheppard Centre

    2016 Redevelopment & Expansion of Yonge Sheppard Centre Toronto, Ontario Tuesday, 27 May, 14 43

  44. Slide 44: 430 Bathurst Street

    2016 430 Bathurst Street Toronto, Ontario Tuesday, 27 May, 14 44

  45. Slide 45: 547–555 College Street

    2016 547–555 College Street Toronto, Ontario Tuesday, 27 May, 14 45

  46. Slide 46: Redevelopment & Expansion of Colossus

    2016 Redevelopment & Expansion of Colossus Shopping Centre Vaughan, Ontario Tuesday, 27 May, 14 46

  47. Slide 47: East Village

    2017 East Village Calgary, Alberta Tuesday, 27 May, 14 47

  48. Slide 48: East Hills Power Centre

    2017 East Hills Power Centre Calgary, Alberta Tuesday, 27 May, 14 48

  49. Slide 49: King Street West & Portland Redevelopment

    2017 King Street West & Portland Redevelopment Toronto, Ontario Tuesday, 27 May, 14 49

  50. Slide 50: North East Corner of Yonge & Eglinton

    2017 North East Corner of Yonge & Eglinton Toronto, Ontario Tuesday, 27 May, 14 50

  51. Slide 51: Tuesday, 27 May, 14

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  52. Slide 52: Brentwood Shopping Centre Redevelopment

    2018 Brentwood Shopping Centre Redevelopment Calgary, Alberta Tuesday, 27 May, 14 52

  53. Slide 53: Expansion & Redevelopment of Eglinton & Laird Shopping Centre

    2018 Expansion & Redevelopment of Eglinton & Laird Shopping Centre Toronto, Ontario Tuesday, 27 May, 14 53

  54. Slide 54: Expansion & Redevelopment of Silver City Gloucester

    2018 Expansion & Redevelopment of Silver City Gloucester Ottawa, Ontario Tuesday, 27 May, 14 54

  55. Slide 55: Tuesday, 27 May, 14

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  56. Slide 56: The Well

    2020 The Well Toronto, Ontario Tuesday, 27 May, 14 56

  57. Slide 57: The Well

    2020 The Well Toronto, Ontario Tuesday, 27 May, 14 57

  58. Slide 58: The Well

    2020 The Well Toronto, Ontario Tuesday, 27 May, 14 58

  59. Slide 59: The Well

    2020 The Well Toronto, Ontario Tuesday, 27 May, 14 59

  60. Slide 60: Tuesday, 27 May, 14

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  61. Slide 61: Year to Year Comparison

    Year to Year Comparison A unit purchased on June 5th, 2013 and held until yesterday would have yielded a total return of 9.0% Tuesday, 27 May, 14 61

  62. Slide 62: Tuesday, 27 May, 14

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RioCan Real Estate Investment Trust — Shareholder Meeting (May 2014) on 6ix