Waypoint Reit Ltd. · ASX:WPR
Waypoint Reit — Shareholder Meeting (May 2022)
25 slides from Waypoint Reit's shareholder meeting presentation, May 12, 2022
Slide 1: ASX Release
ASX Release 12 May 2022 The Manager Market Announcements Office Australian Securities Exchange Electronic Lodgement 2022 Annual General Meeting The following materials will be presented at Waypoint REIT’s 2022 Annual General Meeting (AGM) being held today: 1. Chair and Managing Director/CEO Addresse
Slide 2: Chair and Managing Director & CEO Address
Annual General Meeting 2022 12 May 2022 Chair and Managing Director & CEO Address Annual General Meeting 2022 The Notice of Meeting was distributed on 8 April 2022 and will be taken as read. The formal part of the Meeting comprises the presentation of the Financial Report, Directors’ Report and Audi
Slide 3: Chair and CEO Address (continued)
Annual General Meeting 2022 capital management initiatives. Waypoint REIT’s NTA per security has now increased by a compound annual growth rate of 7.9% over the five-year period to 31 December 2021. Portfolio optimisation and capital management were key priorities for Waypoint REIT during FY21, with
Slide 4: CEO Address: non-core asset sales
Annual General Meeting 2022 The key focus for the Waypoint REIT team year-to-date has been on further portfolio improvement via non-core asset sales, and in late April we were pleased to announce the sale of a portfolio of 29 assets to Fawkner Property Group for $141.8 million, with settlement expec
Slide 5: CEO Address: interest rate exposure and outlook
Annual General Meeting 2022 In terms of our exposure to rising interest rates, our average fixed rate cover in FY22 (via either fixed rate debt or interest rate swaps) is approximately 70%, which minimises the impact of rising interest rates on FY22 earnings. Hedging levels will be increased over ti
Slide 6: Annual General Meeting
Annual General Meeting 10:00am – 12 May 2022
Slide 7: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by Waypoint REIT (“WPR” or Industry data and third party market data exchange rates, competition in the markets in which WPR operates “Waypoint REIT”) which is a stapled entity comprising shares in This presentation contains statist
Slide 8: How to vote online
How to vote online 1 2 3 Enter your Shareholder Number Fill out your voting card and click Click on Get a Voting Card Submit Vote on the top or bottom of the (SRN/HRN) or Proxy Number and portal home page click on Submit Details and Vote If you experience any technical ? difficulties, please call th
Slide 9: How to ask a question online
How to ask a question online 1 2 3 Click on Ask a Question When prompted, enter your Shareholder Enter your question in the space on the top or bottom of the provided (if you have multiple Number or Proxy Number and portal home page questions, please submit them click on Submit Details and Ask a Que
Slide 10: Contents
Contents 1. Chair’s Address 2. Business Update 3. Formal Business 4. Closing Remarks 5
Slide 11: Chair's Address
Chair’s Address Laurence Brindle Independent Chair 6
Slide 12: FY21 Highlights
FY21 Highlights Strong financial performance, focus on portfolio improvement and capital management Distributable EPS1 15.80cps 1 28bps 5-year CAGR: 4.50% +4.25% Distributable EPS MER +3.69% +4.25% 15.80c Remains one of the lowest +4.54% 15.15c +4.25% year on year +5.75% 14.54c in S&P/ASX 200 REIT I
Slide 13: Business Update
Business Update Hadyn Stephens Managing Director and Chief Executive Officer 8
Slide 14: Asset Sales
Asset Sales1 Disposals have significantly improved the overall quality of WPR’s investment portfolio Properties sold: WALE2: Asset Sales by Value (Sale Price) 69 7.9 years Capital City 18% Gross sale Avg. fuel volume Other Metro proceeds: per site3: 10% $278.9m +8% Regional Highway 70% 2% Premium to
Slide 15: FY22 Priorities and Outlook
FY22 Priorities and Outlook Retain focus on portfolio optimisation and capital management, cautious approach to acquisitions $141.8m of asset sales YTD (29 assets) Investment $150m asset sale target maintained (4 properties currently being marketed, combined book value of ~$12m) Portfolio Caut
Slide 16: Formal Business
Formal Business Laurence Brindle Independent Chair 11
Slide 17: Item 1: Financial Report, Directors' Report and Auditor's Report
Item 1 Financial Report, Directors’ Report and Auditor’s Report To receive and consider the Financial Report of the Company and its controlled entities and the Reports of the Directors and Auditor for the year ended 31 December 2021. There is no vote for this item. 12
Slide 18: Item 2: Adoption of Remuneration Report
Item 2 Adoption of Remuneration Report To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: ‘That the Remuneration Report for the year ended 31 December 2021 be adopted.’ Note: The vote on this resolution is advisory only and does not bind the Dire
Slide 19: Item 3: Re-election of Laurence Brindle as a Director
Item 3 Re-election of Laurence Brindle as a Director To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: ‘That Laurence Brindle, being eligible, be re-elected as a Director of the Company.’ FOR AGAINST OPEN1 ABSTAIN2 421,401,403 9,991,222 1,889,34
Slide 20: Item 4: Election of Susan MacDonald as a Director
Item 4 Election of Susan MacDonald as a Director To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company: ‘That Susan MacDonald, being eligible, be elected as a Director of the Company.’ FOR AGAINST OPEN1 ABSTAIN2 430,044,128 1,323,773 1,891,478 190,74
Slide 21: Item 5: Grant of performance rights to CEO
Item 5 Grant of performance rights to the Managing Director and CEO Hadyn Stephens To consider and, if thought fit, pass the following resolution as an ordinary resolution of the Company and the Trust: ‘That approval be given for the grant of performance rights to the Managing Director and CEO, Hady
Slide 22: Item 6: Amendments to the Company Constitution
Item 6 Amendments to the Company Constitution To consider and, if thought fit, pass the following as a special resolution of the Company: ‘That the Constitution of the Company be amended to re-insert the proportional takeover approval provisions in rule 16 of the document tabled at the 2022 Annual G
Slide 23: Item 7: Amendments to the Trust Constitution
Item 7 Amendments to the Trust Constitution To consider and, if thought fit, pass the following as a special resolution of the Trust: ‘That the Constitution of the Trust be amended to re-insert the proportional takeover approval provisions in clause 17 of the document tabled at the 2022 Annual Gener
Slide 24: Closing Remarks
Closing Remarks Laurence Brindle Independent Chair 19
Slide 25: Operator Update
Operator Update1 Performance impacted by Omicron and Natural disasters in NSW and QLD during 1Q22 Alliance Fuel Volumes (ML/wk) Sales Revenue ($m) 275 (2.2%) 269 58.3 (4.6%) 55.6 1Q21 1Q22 3Q21 sales 3Q22 sales • 1Q22 fuel volumes continued to be impacted by reduced mobility arising from the • 3Q22