Gpt Group · ASX:GPT
Gpt — Shareholder Meeting (May 2024)
20 slides from Gpt's shareholder meeting presentation, May 8, 2024
Slide 1: ASX Announcement: The GPT Group 2024 Annual General Meeting
ASX Announcement 8 May 2024 The GPT Group 2024 Annual General Meeting The GPT Group (‘GPT’ or ‘Group’) provides the following documents in respect of the 2024 Annual General Meeting (‘AGM’) being held today at the Swissotel at 10.00am (Sydney time): 1. Chairman’s Address 2. CEO and Managing Director
Slide 2: Chairman's and CEO and Managing Director's Addresses for 2024 AGM
Chairman’s and CEO and Managing Director’s Addresses for The GPT Group 2024 Annual General Meeting (including presentation) 8 May 2024
Slide 3: Chairman's Address
Chairman’s Address Good morning ladies and gentlemen. My name is Vickki McFadden and I am the Chairman of The GPT Group and on behalf of my fellow directors, I welcome you to our 2024 Annual General Meeting. Before we commence I acknowledge the traditional custodians of this land on which we are mee
Slide 4: Chairman's Address (continued)
delivering Logistics developments and maintaining high occupancy across our investment portfolio. However higher interest rates and the disruption in the office sector impacted valuations and earnings during 2023. The Group delivered a statutory net loss after tax of $240.0 million for the year, aft
Slide 5: Chairman's Address (continued)
managed Office and Retail assets are now operating carbon neutral, with independent certification to be completed by the end of this year. Gender equality is a focal point of our diversity and inclusion strategy. GPT was recently ranked fifth globally from more than 3,700 listed companies across 27
Slide 6: CEO and Managing Director's Address
CEO and Managing Director’s Address Thank you, Vickki. Welcome and good morning to everyone participating today. I am delighted to be here today, addressing you, our Securityholders, so early in my tenure as Chief Executive Officer of GPT. I would like to thank the Board for their support and guidan
Slide 7: CEO Address (continued)
partnering in the form of funds, partnerships, and mandates. It will also involve expanding in our current core sectors in which we operate, as well as selectively extending into new areas. Our success will be achieved by continuing to be a trusted partner who is committed to delivering value to all
Slide 8: CEO Address (continued)
to date. While the leasing market remains competitive, we are targeting to deliver Office net income results for the year in line with 2023. The Logistics portfolio continues to deliver strong results for the Group. Ongoing tenant demand and low vacancy in each of our key markets is driving rents hi
Slide 9: Annual General Meeting
Experience First Annual General Meeting 8 May 2024 GPT – 2024 ANNUAL GENERAL MEETING 1
Slide 10: Acknowledgement of Traditional Custodians
GPT acknowledges the Artwork: ‘Saltwater Spirit’ by Lowell Hunter (proud Nyul Nyul Traditional Custodians of the Saltwater man) and Bobbi Lockyer (proud Ngarluma, lands on which our business Kariyarra, Nyul Nyul and operates. Yawuru woman). We pay our respects to Elders past, present and emerging, a
Slide 11: Chairman's Address
Experience First Chairman’s Address GPT GPT –– 2024 2024 ANNUAL ANNUAL GENERAL GENERAL MEETING MEETING Vickki McFadden3 3
Slide 12: The GPT Group Board of Directors
The GPT Group Board of Directors Vickki Russell Anne Shane Tracey Louise Mark Robert McFadden Proutt Brennan Gannon Horton AO Mason Menhinnitt Whitfield AM Chairman Chief Executive Non-Executive Non-Executive Non-Executive Non-Executive Non-Executive Non-Executive Officer Director Director Director
Slide 13: 2023 Year in Review
2023 Year in Review • Funds from Operations and Distribution per security delivered in line with guidance • Portfolio occupancy of 98.2%1 • Disciplined approach to capital management • Continued expansion of the Funds Management platform − QuadReal Student Accommodation portfolio − Commonwealth Supe
Slide 14: Leadership in ESG
Leadership in ESG • Ranked #2 real estate company in S&P Global Corporate Sustainability Assessment 2024 Sustainability Yearbook • Climate and Nature Disclosure Statement released in 2024 • All owned and managed Office and Retail assets are now operating carbon neutral with independent certification
Slide 15: Corporate Governance
Corporate Governance • Louise Mason appointed effective 1 May 2024 − Extensive background as a property executive − Complementary to the Board’s existing skills mix, particularly given her experience across multiple property sectors and development • Rob Whitfield stepping down at conclusion of AGM
Slide 16: CEO and Managing Director's Address
Experience First CEO and Managing Director’s Address GPT GPT –– 2024 2024 ANNUAL ANNUAL GENERAL GENERAL MEETING MEETING Russell Proutt 8 8
Slide 17: Initial observations
Initial observations • Operational excellence • Depth of experience and expertise across sectors • High brand trust with proven track record • Opportunities exist to enhance returns and growth • Capital partners are essential for the business • GPT is a trusted partner to deliver value for all stake
Slide 18: GPT's platform
GPT’s platform $35.3b • Scale platform • Fully integrated investment manager • Broad range of asset types and investment strategies Assets under management 1 • >$9b growth in Mandate funds under management in the last 24 months • Active management with industry specialists • Continue to grow Funds M
Slide 19: March 2024 quarter update
March 2024 quarter update • Portfolio occupancy1 of 98.2% • Retail portfolio occupancy of 99.6%, with high sales productivity and sustainable occupancy cost • Office portfolio occupancy1 of 92.0% and leasing of 33,700sqm • Logistics portfolio occupancy1 of 99.5%, with strong leasing outcomes achieve
Slide 20: Disclaimer
Disclaimer This Presentation (Presentation) has been prepared by The GPT Group comprising GPT RE To the maximum extent permitted by law, The GPT Group, its related companies, officers, Limited (ACN 107 426 504; AFSL 286511), as responsible entity of the General Property Trust, and employees and agen