Charter Hall Group · ASX:CHC
Charter Hall — Shareholder Meeting (November 2020)
28 slides from Charter Hall's shareholder meeting presentation, Nov 12, 2020
Slide 1: 2020 Annual General Meeting
For personal use only Charter Hall Group 2020 Annual General Meeting 130 Lonsdale Street, Melbourne VIC 12 November 2020 Charter Hall Group 2020 Annual General Meeting
Slide 2: Agenda
For personal use only 1. Chair’s Address: David Clarke Agenda 2. Managing Director’s Address: David Harrison 3. Formal Business Charter Hall Group 2020 Annual General Meeting
Slide 3: Chair's Address
Chair’s Address For personal use only Charter Hall Group 2020 Annual General Meeting Dandenong Distribution Centre, Dandenong South, Melbourne VIC 130 Lonsdale Street, Melbourne VIC 3
Slide 4: Board of Directors
Chair’s Address Board of Directors For personal use only David Clarke Chair David Ross Anne Brennan Karen Moses Philip Garling David Harrison Greg Paramor AO Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Managing Director & Non-Executive Director Group C
Slide 5: Operating in the COVID-19 environment
Chair’s Address Operating in the COVID-19 environment Charter Hall strategy demonstrating its resilience For personal use only Access Deploy Manage Invest - Accelerating demand for - Continued momentum in sale - Proportion of rent from SME - Incremental balance sheet industrial & logistics and lease
Slide 6: Operating earnings growth
Chair’s Address Operating earnings growth For personal use only Operating earnings per security growth Operating earnings per security growth (excluding CHOT Performance fee) OEPS (pre-tax) cps OEPS (post-tax) cps 53.9cps 86.6cps 39.4cps 69.3cps 33.6cps 33.8cps 56.3cps 30.4cps 27.5cps 25.3cps 43.5cp
Slide 7: ESG
Chair’s Address ESG For personal use only Environment Social Governance Climate resilience Strong communities Responsible Business Net zero target Pledge 1% TCFD alignment underway Implementation of Scope 1 and Scope 2 Net Zero by $933,000 donated to the community through our 2030 pathway. partnersh
Slide 8: Managing Director's Address
Managing Director’s Address For personal use only Campbellfield Plaza, Vic Charter Hall Group 2020 Annual General Meeting 2 Chifley, Square, Sydney NSW 130 Lonsdale Street, Melbourne VIC 8
Slide 9: Managing Director's Address: Total Shareholder Return and Return on Contributed Equity
Managing Director’s Address 15 years as a listed company 15 years of outperformance relative to the AREIT index For personal use only Total Shareholder Return vs. ASX 200 Property Accumulation Index (XPJAI) Return on Contributed Equity (Compound Annual Growth Rate) 23.3% CHC XPJAI Return on contribu
Slide 10: Group funds management portfolio
Managing Director’s Address Group funds management portfolio FY21 YTD FUM growth of $2.9bn (7.2%) to $43.4bn For personal use only Portfolio value Lettable area No. of Net income WALE Occupancy WACR ($bn) (m sqm) Properties ($m) (years) (%) (%) 31 October 2020 43.4 8.2 1,379 2,235 8.9 97.2 5.26 30 J
Slide 11: Funds under management growth
Managing Director’s Address Funds under management growth FY21 YTD FUM growth of $2.9bn (7.2%) to $43.4bn For personal use only • FUM growth of 33.2% in FY20, to $40.5bn Funds under management movement ($bn) Funds under management by equity source ($bn) Wholesale Listed Retail $43.4bn $43.4bn $40.5b
Slide 12: Transactional activity
Managing Director’s Address Transactional activity FY21 YTD transactional activity led by Industrial & Logistics and Long WALE Retail For personal use only FY20 Industrial & Long WALE Social Shopping Centre Total Office ($m) Logistics Retail Infrastructure / Other Retail Acquisitions 1,906 1,212 3,3
Slide 13: Equity Flows
Managing Director’s Address Equity Flows FY21 YTD Equity flows led by CPIF & new partnerships For personal use only • Diversified equity sources with $5.1bn gross equity flows across 24 funds in FY20 • Listed equity flows of $1.4bn with 6 raisings across CLW, CQR and CQE in FY20 • FY21 YTD total equ
Slide 14: FY21 operating earnings guidance
Outlook & Guidance FY21 operating earnings guidance For personal use only – Based on no material change in current market conditions and assuming the COVID-19 operating environment does not deteriorate markedly from here, the Group upgrades FY21 guidance for post-tax operating earnings per security
Slide 15: For personal use only
Formal Business For personal use only Charter Hall Group 2020 Annual General Meeting ALDI Prestons Distribution Centre, Prestons NSW
Slide 16: Item – Annual Report
Formal Business Item 1 – Annual Report For personal use only To receive and consider the Annual Report, consisting of the Financial Report and Directors' Report, and Auditor's Report for the year ended 30 June 2020. Note: There is no requirement for Securityholders to approve these reports. Charter
Slide 17: Item – Election and Re-Election of Director of CHL
Formal Business Item 2 – Election and Re-Election of Director of CHL For personal use only To consider and, if thought fit, pass the following ordinary resolutions of CHL: “That Mr David Ross, a Director of CHL retiring in accordance with the CHL Constitution, is re-elected as a Director of CHL." Ch
Slide 18: Proxies – Election and Re-Election of Director of CHL
Formal Business Item 2 – Proxies – Election and Re-Election of Director of CHL For personal use only FOR: 96.89% OPEN: 0.09% AGAINST: 3.03% Note: Figures do not add to 100% due to rounding. Charter Hall Group 2020 Annual General Meeting 18
Slide 19: Item – Adoption of Remuneration Report
Formal Business Item 3 – Adoption of Remuneration Report For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL: "That the Remuneration Report included in the Annual Report for the year ended 30 June 2020 be adopted." Note: The vote on this resolution is
Slide 20: Proxies – Adoption of Remuneration Report
Formal Business Item 3 – Proxies – Adoption of Remuneration Report For personal use only FOR: 98.37% OPEN: 0.08% AGAINST: 1.55% Charter Hall Group 2020 Annual General Meeting 20
Slide 21: Item – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Deferred portion of Short Term Incentive (STI) for FY20) For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT: “That approval is given
Slide 22: Proxies – Issue of service rights to Mr David Harrison
Formal Business Item 4 – Proxies – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Deferred portion of Short Term Incentive (STI) for FY20) For personal use only FOR: 99.26% OPEN: 0.08% AGAINST: 0.66% Charter Hall Group 2020 Annual General Meeting 22
Slide 23: Item – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI)) For personal use only To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT: “That approval is given for all purposes under th
Slide 24: Proxies – Issue of performance rights to Mr David Harrison
Formal Business Item 5 – Proxies – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI)) For personal use only FOR: 99.26% OPEN: 0.08% AGAINST: 0.66% Charter Hall Group 2020 Annual General Meeting 24
Slide 25: Questions
Questions For personal use only Charter Hall Group 2020 Annual General Meeting GPO Exchange, Adelaide SA
Slide 26: Meeting closed
Meeting closed For personal use only Charter Hall Group 2020 Annual General Meeting Arnott’s Distribution Centre, Huntingwood, Sydney NSW
Slide 27: Further information
Further information For personal use only Presentation authorised by the Board David Harrison Sean McMahon Russell Proutt Philip Cheetham Managing Director & Group CEO Chief Investment Officer Chief Financial Officer Head of Listed Investor Relations Charter Hall Group Charter Hall Group Charter Hal
Slide 28: Important Notice & Disclaimer
For personal use only IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Charter Hall Funds Management Limited ACN 082 991 786)) (together, with its related bodies corporate, the Charter Hall Group). This presentation has been prepared without reference to your particular investmen
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