Goodman Group · ASX:GMG
Goodman — Goodman Property Trust — Shareholder Meeting (2022)
28 slides from Goodman's shareholder meeting presentation, 2022
Slide 1: Essential Infrastructure
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 ESSENTIAL INFRASTRUCTURE
Slide 2: Meeting Agenda
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 MEETING AGENDA 1. Review the Trust’s recent operating results and the strategy for sustainable, long-term growth 2. Consider and vote on the re-appointment of Keith Smith as an Independent Director Dicker Data, M20 Business Park 2
Slide 3: Online Voting
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 ONLINE VOTING To cast a vote 1 Click on the vote tab 2 Click on either “For, Against or abstain” – a tick indicates your vote has been cast 3
Slide 4: Online Questions
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 ONLINE QUESTIONS To ask a question 1 Click on the Q&A tab 2 Type your question in the text box and click send 4
Slide 5: Board and Executives
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 BOARD AND EXECUTIVES Keith Smith Greg Goodman Leonie Freeman John Dakin Chair & Independent Director Non-executive Director Independent Director Executive Director and CEO Laurissa Cooney Phil Pryke David Gibson Andy Eakin Independent Direc
Slide 6: Leadership: James Spence to succeed John Dakin
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 LEADERSHIP James Spence to succeed John Dakin as CEO from 1 January 2023 James Spence John Dakin 6
Slide 7: Meeting Formalities
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 MEETING FORMALITIES + Nominated Chair of meeting + Notice formally given + Quorum confirmed 7
Slide 8: Summary
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 SUMMARY Highbrook Business Park PROFIT BEFORE TAX CASH EARNINGS FY23 DISTRIBUTION 17.1% INCREASE 6.5% INCREASE 7% FORECAST INCREASE $763.8m $93.1m 5.9cpu 8
Slide 9: Operating Environment
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 OPERATING ENVIRONMENT + Work practices continue to reflect COVID-19 appropriate health and safety precautions + The pandemic has accelerated demand for warehouse and logistics space close to consumers + New leasing and development enquiries
Slide 10: Sustainable Business
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 SUSTAINABLE BUSINESS CDP CLIMATE SUSTAINABLE FINANCE SCORE FRAMEWORK Rated B ESTABLISHED 10
Slide 11: FY22 Highlights
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 FY22 HIGHLIGHTS Highbrook Business Park $157.1m $118.3m NET PROPERTY INCOME OPERATING EARNINGS1 NET TANGIBLE ASSET BACKING $2.61pu $660.4m 99.4% PORTFOLIO REVALUATION PORTFOLIO OCCUPANCY LOAN TO VALUE RATIO2 11 2 LVR is a non-GAAP financial
Slide 12: Green Bonds
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 GREEN BONDS + Sustainable Finance Framework aligns new debt funding with green property investment + Inaugural issue of $150 million of five-year, green bonds was made in April 2022 + The margin was just 110 bps, with the annual interest ra
Slide 13: Property Portfolio
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 PROPERTY PORTFOLIO ■ EXISTING ESTATES ■ ACQUISITIONS1 NET LETTABLE AREA2 CUSTOMERS 1.1m sqm 220+ 1 Map includes post balance date acquisition of Sleepyhead 2 Total stabilised office and warehouse area 13
Slide 14: Top Customers
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 TOP 8 CUSTOMERS NZ Post Mainfreight DHL OfficeMax Big Chill (Freightways) Linfox T&G Toll 14
Slide 15: Development Programme
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 DEVELOPMENT PROGRAMME + $426 million of projects under development + Almost 100,000 sqm of net lettable area + 100% pre-committed + $21 million of annual rental once complete 15
Slide 16: NZ Post Developments
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 NZ POST DEVELOPMENTS ROMA ROAD, MT ROSKILL BUSH ROAD, ALBANY NZ POST ROMA ROAD Artists impression 16
Slide 17: Green Star Features
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 GREEN STAR FEATURES 17
Slide 18: 3,600 Natives Planted
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 3,600 NATIVES PLANTED 18 Highbrook Business Park
Slide 19: Mainfreight Supersite
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 MAINFREIGHT SUPERSITE + To feature 35,860 sqm, twin-warehouse facility + 90% of demolition waste, MAINFREIGHT recycled SUPERSITE + 70% of all current projects are redevelopments Artists impression www.goodmanfavona.co.nz 19
Slide 20: Future Pipeline
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 FUTURE PIPELINE COMPLEMENTARY ACQUISITIONS $300m VIILLA MARIA SITE PURCHASE PRICE $75m VIILLA MARIA SITE LAND AREA 34ha 20
Slide 21: Goodman Foundation
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 GOODMAN FOUNDATION + KiwiHarvest largest community partnership + Focused on food rescue, located at Highbrook + Redistributed a record 1.8m kgs of food in FY22 21
Slide 22: CEO Succession
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 CEO SUCCESSION + John Dakin continuing as a Director and Goodman Executive + James Spence new CEO from 1 January 2023 + James has 16+ years experience in senior roles with Goodman, in NZ and Europe 22 Highbrook Business Park
Slide 23: Highbrook Business Park
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 HIGHBROOK BUSINESS PARK 23 Highbrook Business Park
Slide 24: Outlook
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 OUTLOOK + GMT’s strong operating performance and record financial results have shown again, that it is a resilient and robust business + The Trust is benefitting from the growth of e-commerce and the structural trends that are driving deman
Slide 25: Questions
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 QUESTIONS 25 Highbrook Business Park
Slide 26: Resolution
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 RESOLUTION + As an ordinary resolution, that, Unitholders approve the re-appointment of Keith Smith as an Independent Director of the Manager 26
Slide 27: Voting and Close
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 VOTING AND CLOSE + We will now proceed to a poll and conclude the meeting + Webcast participants please submit your votes now + The result will be announced to the NZX 27
Slide 28: Thank You
GOODMAN PROPERTY TRUST | ANNUAL MEETING OF UNITHOLDERS 2022 THANK YOU DISCLAIMER The information and opinions in this presentation were prepared by Goodman (NZ) Limited on behalf of Goodman Property Trust or one of its subsidiaries (GMT). GMT makes no representation or warranty as to the accuracy or