Riocan Real Estate Investment Trust · TSX:REI.UN
Riocan Real Estate Investment Trust — Shareholder Meeting (January 2016)
39 slides from Riocan Real Estate Investment Trust's shareholder meeting presentation, Jan 6, 2016
Slide 1: RioCan Real Estate Investment Trust
RILO*CAN REAL ESTATE INVESTMENT TRUST
Slide 2: Paul Godfrey, Chairman, Board of Trustees
Paul Godfrey, C.M.,O.Ont. Chairman Board of Trustees
Slide 3: Forward Looking Statements
Forward Looking Statements Certain information to be discussed during this management presentation, contains forward-looking statements within the meaning of applicable Canadian securities laws including, among others, statements concerning RioCan’s 2016 objectives, RioCan’s strategies to achieve th
Slide 4: Revenue Growth Since 2010
Revenue Growth Since 2010 $Billions 2010 2015
Slide 5: Operating Funds From Operations
Operating Funds From Operations 2012 2013 2014 2015 $Millions This slide refers to non-GAAP Measures. For a definition of such measures,! please refer to RioCan’s March 31, 2016 MD&A.
Slide 6: Target
TARGET. RIO#CAN See REAL ESTATE INVESTMENT TRUST
Slide 7: Target settlement and backfill progress
• RioCan succeeded in coming to a settlement with Target • To the end of the first quarter of 2016, leases included in our backfill progress, if all completed, we will produce 114% of the rental revenue previously generated by Target
Slide 8: Distribution 250% higher than first distribution in 1995
• 250% higher per unit, than our first distribution, in 1995
Slide 9: US Holdings
US HOLDINGS RIO*CAN Sect REAL ESTATE INVESTMENT TRUST
Slide 10: Governance
GOVERNANCE RIO*CAN oo REAL ESTATE INVESTMENT TRUST
Slide 11: Ray Gelgoot
fa 3 : Lee RIO*CAN so REAL ESTATE INVESTMENT TRUST aa
Slide 12: RioCan
RILO*CAN REAL ESTATE INVESTMENT TRUST
Slide 13: Edward Sonshine, Chief Executive Officer
Edward Sonshine, O.Ont., Q.C. Chief Executive Officer
Slide 14: Opportunistic U.S. entry and divestment
• We were opportunistic in our entry into the U.S. and I believe we have been the same in the divestment of our American portfolio.
Slide 15: Development rewards and balance sheet strength
• Reward of successful development is outsized gains from both a cash flow and value creation perspective • Best way to deal with the enhanced risk is through having the strongest balance sheet and liquidity possible
Slide 16: U.S. sale proceeds and leverage reduction
• Profit in the neighbourhood of $900 million CAD • With the proceeds we will reduce RioCan’s leverage ratio and have one of the best REIT Balance Sheets in Canada
Slide 17: Liquidity
Liquidity • $1 billion unsecured operating facility • Canada’s six largest banks all participated in this facility
Slide 18: Target
TARGET. RIO#CAN See REAL ESTATE INVESTMENT TRUST
Slide 19: Current Trends
Current Trends • Rise of e-commerce • Urbanization • Aging population, low growth economy and gridlock
Slide 20: Yonge Sheppard Centre
YONGE SHEPPARD GENTRE REAL ESTATE INVESTMENT TRUST
Slide 21: Yonge Eglinton Centre
YONGE EGLINTON GCENTRE
Slide 22: REAL ESTATE INVESTMENT TRUST
REAL ESTATE INVESTMENT TRUST
Slide 23: Residential Intensification
Residential Intensification • Four projects under construction totalling approximately 1,500 rental apartments • A portfolio of about 10,000 apartments
Slide 24: Yonge Sheppard Centre and Yonge Eglinton residential projects
a... Z inge Sheppard Centre approx 400 units RIO¥CAN REAL ESTATE INVESTMENT TRUST NE Yonge Eglinton “@ Sunnybrook approx 460 units RIO¥CA REAL ESTATE INVESTMENT TRUST
Slide 25: Residential Intensification
Residential Intensification • Four projects under construction totalling approximately 1,500 rental apartments • A portfolio of about 10,000 apartments • Key growth driver • The residential portfolio is expected to produce 2% or 3% income growth annually
Slide 26: Short Term Growth
Short Term Growth • Headline occupancy rate is back to almost 95% • $24 Million of annualized income signed but not yet paying rent
Slide 27: Greenfield and Urban Developments
GREENFIELD AND URBAN DEVELOPMENTS — so RIO*CAN
Slide 28: Bathurst College Centre
BATHURST GOLLEGE GENTRE bathurst i college centre REAL ESTATE INVESTMENT TRUST
Slide 29: College
491 COLLEGE
Slide 30: College and Manning
COLLEGE AND MANNING
Slide 31: REAL ESTATE INVESTMENT TRUST
REAL ESTATE INVESTMENT TRUST
Slide 32: Yonge Sheppard Centre
YONGE SHEPPARD GENTRE
Slide 33: Sage Hill Crossing
SAGE HILL GROSSING
Slide 34: East Hills Shopping Centre
EAST HILLS SHOPPING CENTRE RIO*¥CAN REAL ESTATE INVESTMENT TRUST
Slide 35: East Hills Shopping Centre
EAST HILLS SHOPPING CENTRE ee = aT ONT RILO*CAN REAL ESTATE INVESTMENT TRUST —_—s
Slide 36: Fifth and Third, East Village
FIFTH a. THIRD STHSTHIRD east village RIO*#CAN REAL ESTATE INVESTMENT TRUS —
Slide 37: Shoppers City East
SHOPPERS Clty EAST RIO*CAN REAL ESTATE INVESTMENT TRUST
Slide 38: Long Term Growth
Long Term Growth • The Well: 8 acres=3MM square feet
Slide 39: RioCan
RILO*CAN REAL ESTATE INVESTMENT TRUST
RioCan Real Estate Investment Trust — Shareholder Meeting (January 2016) on 6ix