Dexus Convenience Retail Reit · ASX:DXC
Dexus Convenience Retail Reit — 2023 Bell Potter Foundations Conference
12 slides from Dexus Convenience Retail Reit's conference presentation, Nov 22, 2023
Slide 1: ASX release: 2023 Bell Potter Foundations Conference
Dexus Convenience Retail REIT (ASX:DXC) ASX release 22 November 2023 2023 Bell Potter Foundations Conference Dexus Convenience Retail REIT (DXC) releases the attached presentation to be presented at the 2023 Bell Potter Foundations Conference, which is being held virtually today. Authorised by Scott
Slide 2: Dexus Convenience Retail REIT - Bell Potter Foundations Conference
For personal use only Dexus Convenience Retail REIT Bell Potter Foundations Conference 22 November 2023 Dexus Asset Management Limited ACN 080 674 479 AFSL 237 500 as responsible entity for Dexus Convenience Retail REIT
Slide 3: Acknowledgement of country
Acknowledgement of country For personal use only Dexus Convenience Retail REIT acknowledges the Traditional Custodians of the lands on which our business and assets operate, and recognises their ongoing contribution to land, waters and community. We pay our respects to First Nations Elders past and
Slide 4: DXC investment proposition
DXC investment proposition Providing investors with defensive income with embedded rental growth For personal use only Generate defensive income with Maintain prudent capital Active approach to portfolio Aligned manager with deep real embedded rental growth structure optimisation asset capability ›
Slide 5: Defensive, diversified income with embedded rental growth
Defensive, diversified income with embedded rental growth For personal use only Diversified tenant base Income resilience Growth Tenant % income Chevron 33% Viva Energy & OTR 16% 99.4% 95% 9.7 year 75% 25% +3.7% occupancy income from WALE income fixed income linked FY23 average rent 7-Eleven 13% (by
Slide 6: Strategic portfolio underpinned by valuable landbank
Strategic portfolio underpinned by valuable landbank National footprint of 105 assets For personal use only Key metrics 77% weighted to eastern seaboard 676,000sqm total site area 23% 35% average site coverage exposure to total Queensland Western Australia QLD motor vehicle fleet daily2 $471m valuat
Slide 7: Sub-sector spotlight: fuel & convenience retail
Sub-sector spotlight: fuel & convenience retail For personal use only Key trends Sales volumes of petroleum products1 Thousands 50 Sale of fuel volumes remain robust, particularly 45 diesel for long-haul transport 40 35 30 25 Varied tenant approaches to rise in electric 20 vehicle adoption 15 10 5 0
Slide 8: Manager spotlight: significant portfolio curation
Manager spotlight: significant portfolio curation Enhancing the portfolio and balance sheet in a subdued market For personal use only FY23 outcomes1 Portfolio enhancement1 of assets sold located in 11 assets divested 42% regional areas total divestments value reduction in assets with $52.3m (7% of p
Slide 9: What is the equity market pricing in?
What is the equity market pricing in? For personal use only Listed market pricing implies significant cap rate expansion from here1… …despite positive indicators in the direct market 6.1% WACR c.180bps NTA: implied 65 market transactions over FY23 and $3.75 1H24 at an average cap rate of 6.1% cap ra
Slide 10: Questions
For personal use only Questions
Slide 11: Important information
Important information This presentation (“Material”) has been prepared by Dexus Asset Management Limited (ACN 080 674 479, AFSL No. 237500) ("DXAM") as the responsible entity of Convenience Retail For personal use only REIT No. 1 (ARSN 101 227 614), Convenience Retail REIT No. 2 (ARSN 619 527 829) a
Slide 12: For personal use only
For personal use only
Dexus Convenience Retail REIT — 2023 Bell Potter Foundations Conference on 6ix