Asset Plus Limited · NZX:APL
Asset Plus — Augusta Capital — Merger or Acquisition (March 2018)
6 slides from Asset Plus's merger presentation, Mar 19, 2018
Slide 1: Proposal to Externalise Management of NPT Limited to Augusta Capital Limited
PROPOSAL TO EXTERNALISE MANAGEMENT OF NPT LIMITED TO AUGUSTA CAPITAL LIMITED 19 March 2018
Slide 2: About Augusta
About Augusta • Established in 2001 • Listed on the NZX in 2006 • Manage over $1.7b of real estate on behalf of more than 4,000 investors and shareholders • NZ’s most diverse real estate based fund manager • A strong track record of asset and share price performance • 36 staff across two NZ offices
Slide 3: NPT – On Strategy for Augusta
0) NPT — On Strategy for Augusta © AUGUSTA 7 ; \ y | | AUGUSTA AUGUSTA AUGUSTA AUGUSTA AUGUSTA
Slide 4: Augusta Track Record
Augusta Track Record 310 2013 5 Year Growth ($m) ions 1,456 a (km 178 rc == ! ! I | KCL & IPT; l Acquisit- | lO? | 2014 2015 2016 = Other Properties Under Management 107 = Augusta Syndicates (NZ and Australia) = Augusta Capital - Directly Owned 1,678 Pon 1,489 2017
Slide 5: Highlights of Augusta Proposal
Highlights of Augusta Proposal • Refocus NPT to a yield plus growth orientation • Adopt a wide ranging diversified, value-add strategy • Mandate to seek assets capable of benchmark outperformance • Sector agnostic with a focus on Auckland • Give NPT a unique strategic direction for its future August
Slide 6: Benefits for NPT Shareholders
Benefits for NPT Shareholders • A plan to increase market cap, liquidity and investor interest • An aligned manager as NPT’s largest shareholder • Strategy suits current low-yield and debt environment • Augusta recognised as a value-add manager with resources and track record to execute the strategy