Australian Unity Office Fund · ASX:AOF
Australian Unity Office Fund — FY2023 Earnings Presentation
14 slides from Australian Unity Office Fund's earnings presentation, Aug 28, 2023
Slide 1: Australian Unity Office Fund 2023 Full Year Results
30 Pirie Street, Adelaide, artists impression, subject to change Australian Unity Office Fund 2023 Full Year Results August 2023 (ASX: AOF) Webcast | Teleconference 1
Slide 2: Acknowledgement of Country; Overview and Agenda
Acknowledgement of Country We acknowledge the traditional owners of the lands and waters within Australia and recognise the important connection to Country that Aboriginal and Torres Strait Islander People have. Overview and Agenda 1. Portfolio review 2. Financial results 3. Outlook and Guidance 4.
Slide 3: Delivering on strategy
Strategy Delivering on strategy Asset Sales Distributions Three assets sold at or above 30 June 2022 independent Distributions of $53.4 million, or 32.5 cents per unit (cpu), valuations comprising: Proceeds of ~$220 million used to repay debt and fund a • ordinary distribution of 10.0 cpu special di
Slide 4: Asset Sales
Asset Sales Maximising returns to unitholders 30 Pirie Street, Adelaide Suggest we change 30 P to an ugly Gross sale price equal to the 30 June 2022 independent valuation of $73.0 million picture Settlement occurred on 20 December 2022 30 Pirie Street 30 Pirie Street, Adelaide, artists impression, A
Slide 5: Portfolio
Portfolio1 Value-add assets supported by income generation from multi-tenanted assets Independent Capitalisation NLA2 Value WALE3 Occupancy Market Property State Valuation ($’m) rate (%) (sqm) $/sqm (years) (by NLA) Value-add Portfolio Parramatta 2-10 Valentine Ave, Parramatta4 NSW 104.75 6.25% 15,5
Slide 6: Refurbishments
Refurbishments 10 Valentine Avenue, Parramatta The works include floor upgrades, new lobby with contemporary end of trip & wellness facilities and upgraded services infrastructure The objective is to create a regenerated office building offering enhanced tenant amenity, including contemporary and fl
Slide 7: Financial and Capital Management - Year Ended June 2023
Financial and Capital Management1 - Year Ended June 2023 FFO reflects: FFO per unit 11.7 cpu • • leasing outcomes at multi-tenanted assets, and Property NSW occupying up to 3,000 sqm at 10 Valentine Avenue, Paramatta for approximately 6 months Distributions of 32.5 cpu for the year, comprise: Distri
Slide 8: Outlook and Guidance
Outlook and Guidance Guidance Distribution guidance1 of 1.30 cpu for the September 2023 quarter Distribution guidance1 will be provided on a quarterly basis Outlook Deliver on leasing and occupancy outcomes Continue proactive approach to portfolio construction, asset sales and active asset managemen
Slide 9: Appendices
150 Charlotte Street, Brisbane, artists impression subject to site amalgamation and change 468 St Kilda Road, Melbourne, Outlook and Strategic Guidance Appendices Review Australian Unity 9
Slide 10: Income Statement
Income Statement $’000 FY2023 FY2022 Change Note i . Reduction in rental income and property expenses due to: • Sale of three assets in FY2023 Rental income1 36,649 52,843 (16,194) i • Property NSW largely vacating 10 Valentine Avenue, Parramatta in June 2022 Property expenses2 (10,659) (12,881) (2,
Slide 11: Balance Sheet
Balance Sheet $’000 30 June 2023 30 June 2022 Change Note Assets i. Following the sales of 30 Pirie Street, Adelaide and 2 & 5 Eden Park Drive, Macquarie Park all drawn debt Cash and cash equivalents 43,864 3,261 40,603 i was repaid, with the cash balance being used to fund a special distribution (p
Slide 12: Property Portfolio
Property Portfolio As at 30 June 2023 Key Portfolio Metrics Lease expiry profile1 Number of properties 5 40% 35% Occupancy1 (excluding asset under refurbishment) 92.5% Boeing 30% 150 Charlotte St Occupancy1 (all assets) 63.0% 25% 20% Portfolio Value $310.4m 37% 18% 15% Weighted Average Capitalisatio
Slide 13: AOF – Portfolio Environmental Performance as at June 2023
AOF – Portfolio Environmental Performance as at 30 June 2023 National Australian Built NABERS Energy Rating (No Greenpower Site Address Environment Rating System NABERS Water Included, public rating only) (NABERS) Rateable 10 Valentine Avenue, Parramatta, NSW Yes Asset currently under refurbishment
Slide 14: Important notice and disclaimer
Important notice and disclaimer The information provided in this presentation is issued by Australian Unity Investment Real Estate Limited ABN 86 606 414 368 AFSL 477434 (AUIREL), as responsible entity for the Australian Unity Office Fund (AOF). AUIREL is a wholly owned subsidiary of Australian Unit
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