Dexus · ASX:DXS
Dexus — Shareholder Meeting (October 2017)
21 slides from Dexus's shareholder meeting presentation, Oct 24, 2017
Slide 1: Dexus 2017 Annual General Meeting: Chair's address
Dexus (ASX:DXS) ASX release 24 October 2017 2017 Annual General Meeting Chair’s address Good afternoon ladies and gentlemen and welcome to Dexus’s 2017 Annual General Meeting. My name is Richard Sheppard and I’m the Chair of the Board of Directors of Dexus Funds Management Limited. I’ll table my app
Slide 2: Chair's address: key achievements consistent with strategy
Taking a closer look at some of the key achievements that were consistent with our strategy. For our objective of Leadership in office, the group office portfolio outperformed the IPD Investment Performance Index over one, three and five years and Dexus’s office portfolio occupancy increased above 9
Slide 3: Portfolio, development and funds management update
The portfolio weighted average lease expiry for both office and industrial remains high at around five years. In terms of returns, the office portfolio delivered a strong one year unlevered total return of 14.1% and the industrial portfolio a return of 12.6%. The property portfolio is positioned for
Slide 4: For further information please contact
For further information please contact: Melanie Bourke Louise Murray Investor Relations Media +61 2 9017 1168 +61 2 9017 1446 +61 405 130 824 +61 403 260 754 melanie.bourke@dexus.com louise.murray@dexus.com About Dexus Dexus is one of Australia’s leading real estate groups, proudly managing a high q
Slide 5: Dexus 2017 Annual General Meeting
Dexus 2017 Annual General Meeting 24 October 2017 Dexus Funds Management Limited ABN 24 060 920 783 AFSL 238163 as responsible entity for Dexus Dexus Board of Directors 2 Dexus 2017 Annual General Meeting 1
Slide 6: Chair's address
Elizabeth Alexander 3 Dexus 2017 Annual General Meeting Chair’s address 4 Dexus 2017 Annual General Meeting 2
Slide 7: Dexus today and FY17 performance
Dexus today Group portfolio totalling $24.9 billion Dexus portfolio Funds Management portfolio Office $6.5bn Office Industrial $2.0bn $12.2bn $10.2bn $12.7bn Retail $4.7bn Industrial $1.4bn Healthcare $0.1bn 5 Dexus 2017 Annual Results Appendices FY17 performance Strong financial results and strateg
Slide 8: Cities of the future and urbanisation
Cities of the future and urbanisation Dexus’s investment strategy is focused on Australia’s major cities ‐ Australia’s major cities are set to benefit MLC Centre expands footprint in the Martin Place precinct of Sydney CBD from urbanisation and the globalisation of the workforce ‐ Urbanisation is su
Slide 9: Responding to the evolving customer
Responding to the evolving customer Workspace extending beyond the physical space ‐ It has become important to get closer to our customers, understand their business and be more agile in how we respond ‐ Workspace Dexus offers products and services that genuinely add value to our customers’ experien
Slide 10: Creating value from key earnings drivers
Creating value from key earnings drivers Driver How Dexus creates value PROPERTY Maximising cashflow from the Dexus owned office and industrial portfolio PORTFOLIO through leasing, asset and property management FUNDS Leveraging core capabilities to drive performance MANAGEMENT for third party client
Slide 11: Progressing development pipeline; Funds Management and Trading
Progressing development pipeline 105 Phillip Street, Parramatta 100 Mount Street, North Sydney 175 Pitt Street, Sydney Quarry at Greystanes City retail 201 Elizabeth Street, Sydney Office Office Mixed use Industrial 13 Dexus 2017 Annual General Meeting Funds Management and Trading Funds Management T
Slide 12: Summary and FY18 guidance
Summary ‐ Well positioned for FY18 due to: ‐ Expected strong performance in office markets in Sydney and Melbourne and improving dynamics in Brisbane and Perth ‐ Progress opportunities in the development pipeline ‐ Further growth in Funds Management business ‐ Market guidance1 for the 12 months endi
Slide 13: Discussion and questions; Formal business
Discussion and questions 17 Dexus 2017 Annual General Meeting Formal business 18 Dexus 2017 Annual General Meeting 9
Slide 14: Resolution 1: Remuneration Report; Resolution 2.1
Resolution 1 Resolution 1: Adoption of the Remuneration Report To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the Remuneration Report for the financial year ended 30 June 2017 be adopted.” Proxy votes Resolution For Open Against 1. Adoption of remunerat
Slide 15: Resolution 2.2: Peter St George
John Conde 21 Dexus 2017 Annual General Meeting Resolution 2.2 Resolution 2.2: Approval of Independent Director To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the continuing appointment of Peter St George as a Director of Dexus Funds Management Limited
Slide 16: Resolution 2.3: Mark Ford
Peter St George 23 Dexus 2017 Annual General Meeting Resolution 2.3 Resolution 2.3: Approval of Independent Director To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the continuing appointment of Mark Ford as a Director of Dexus Funds Management Limited b
Slide 17: Resolution 2.4: Nicola Roxon
Mark Ford 25 Dexus 2017 Annual General Meeting Resolution 2.4 Resolution 2.4: Approval of Independent Director To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the continuing appointment of Nicola Roxon as a Director of Dexus Funds Management Limited be a
Slide 18: Resolution 3: Capital Reallocation Proposal
Nicola Roxon 27 Dexus 2017 Annual General Meeting Resolution 3 Resolution 3: Capital Reallocation Proposal To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the Capital Reallocation Proposal described in Section 3 of the Explanatory Memorandum to the 2017
Slide 19: Resolution 4 and Resolution 5
Resolution 4 Resolution 4: Ratification of placement To consider and if thought fit pass the following Resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 7.4, the issue of 49,019,608 stapled securities, each comprising a unit in each of Dexus Diversified Trust, Dexus I
Slide 20: Discussions and questions; Thank you for attending
Discussions and questions 31 Dexus 2017 Annual General Meeting Thank you for attending 32 Dexus 2017 Annual General Meeting 16
Slide 21: Disclaimer
Disclaimer ‐ This presentation is issued by Dexus Funds Management Limited (DXFM) in its capacity as responsible entity of Dexus (ASX code: DXS). It is not an offer of securities for subscription or sale and is not financial product advice. ‐ Information in this presentation including, without limit