Charter Hall Group · ASX:CHC
Charter Hall — Emerging Leaders Conference 2006
28 slides from Charter Hall's conference presentation, Mar 31, 2006
Slide 1: Emerging Leaders Conference Presentation
CHARTER HALL 34 March 2006 The Manager Company Notices Section Australian Stock Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir EMERGING LEADERS CONFERENCE PRESENTATION Please find attached a copy of an investor presentation provided yesterday at the Emerging Leaders Confe
Slide 2: Charter Hall March 2006
CHARTER HALL 80 MARCH 2006
Slide 3: Contents
CONTENTS v GROUP BACKGROUND INFORMATION v POINTS OF DIFFERENCE ¥ OVERVIEW OF FUNDS v APPENDIX CHARTER HALL GROUP
Slide 4: At-a-Glance
CHARTER HALL GROUP AT-A-GLANCE v V Property Funds Management and Development Group Established in 1991 and listed on ASX in June 2005 as stapled security combining Charter Hall Limited and Charter Hall Property Trust Strong track record of performance, growth and innovation in managing institutional
Slide 5: Group Structure
GROUP STRUCTURE BOARD OF DIRECTORS 2 Executive (Andre Biet and Cedric Fuchs}, 2 Non-executive, 4 Independent CHARTER HALL LIMITED Joint CEO David Harrison Stapled & Managed via Responsible Entily Li CHARTER HALL FUNDS MANAGEMENT LTD CHARTER HALL PROPERTY TRUST. Joint CEO David Southon FUNDS: MANAGEM
Slide 6: Security Price Movement
SECURITY PRICE MOVEMENT Core Plus Office Fund launched Charter Hall Group Listing price 10 Jun 05" $0.75 198 Diversified Property Fund launched ASX closing price “$1.05 Entry ino S8P (ASX 900 90 CHOFA raised LPT ASX 300 75 DPU (per stapled security)3 3.73c 60 : Jun 05 Aug 05 Oct 05 Dec 05 Feb 06 4 1
Slide 7: Charter Hall
CHARTER HALL
Slide 8: Key Points of Difference
KEY POINTS OF DIFFERENCE v INVESTMENT PRODUCT SPECTRUM v EQUITY SOURCES ¥ DEAL FLOW CHARTER HALL GROUP 7
Slide 9: Investment Product Spectrum
INVESTMENT PRODUCT SPECTRUM ¥ CHARTER HALL OPPORTUNITY FUND 4 [lv CHARTER HALL PROPERTY TRUST (CHOF 4) (CHPT) y PROPERTY DEVELOPMENT PORTFOLIO v DIVERSIFIED PROPERTY FUND (DPF) 283 (PDP 283) Y CORE PLUS OFFICE FUND (CPOF)* fl” an —. CHARTER HALL GROUP * CPOF equity raising currently underway. First
Slide 10: Investment Product Spectrum
INVESTMENT PRODUCT SPECTRUM OPPORTUNISTIC) ENHANCED CORE PLUS DPF CHOP 4 CHG PRODUCT. P + 70% pass CHARTER HALL GROUP * CPOF equity raising currently underway. First close Q2 2006 9
Slide 11: Equity Sources
EQUITY SOURCES OFF BALANCE SHEET SOURCE vy WHOLESALE INVESTORS v HIGH NET WORTH INVESTORS v_ RETAIL INVESTORS BALANCE SHEET vy CHARTER HALL PROPERTY TRUST CHARTER HALL GROUP * CPOF equity raising currently underway. First close Q2 2006 40
Slide 12: Equity Sources
EQUITY SOURCES TRACK RECORD ¥ $434m of institutional equity raised across 4 opportunity funds since 1997 ¥ $165m Charter Hall Opportunity Fund 4 (part of above) significantly oversubscribed in July 05, largest fund of its kind to-date in Australia Y Currently raising new Core Plus Office Fund (CPOF)
Slide 13: Deal Flow
DEAL FLOW RELATIONSHIPS WITH VENDORS & AGENTS ¥ 15 assets totalling $508m acquired over last 12 months, 100% off-market v¥ 50% increase in core investment, recurring income style assets under management since IPO ¥ Geographic acquisition spread: QLD, WA, VIC and NSW. Y Sectoral acquisition spread: O
Slide 14: Deal Flow
DEAL FLOW 2,500 2000 Opportunistic Assets (completion value} : ig Core Investment Assets 4,500 Current AUM $1,165m 4,000 . ! i 2 ——s 2000 2001 2002 2003 2004 2005 2006 6 months CHARTER HALL GROUP Fully invested CPOF
Slide 15: Charter Hall
CHARTER HALL
Slide 16: Property Trust (CHPT)
PROPERTY TRUST (CHPT) ¥ Strong asset diversification and quality tenant composition Bourke 20.8% Kent 81% Chullora DPF 4.8% 3.3% Menai POF 13.0% AY Mentone 178% Nunawading 22.9% ASSET DIVERSIFICATION by Acquisition Price Menai Central Kent Street, Sydney CHARTER HALL GROUP Industrial 6.1% Retail / B
Slide 17: Property Trust (CHPT)
PROPERTY TRUST (CHPT) v WALE increased to 6.1 years from PDS 5.2 years"? ¥ Occupancy increased to 99% (100% including income support) v All properties performing well with 85% of income generated from government related, national and chain retailer tenants ¥ CHPT to hold approx 20% stake in CPOF? an
Slide 18: Property Trust (CHPT)
PROPERTY TRUST (CHPT) LEASE EXPIRY PROFILE BY NETINCOME 50% ciNunawading & Mentone represent uncommitted tenancies 40% = Wilson Parking 30% @ Lease Expiry Profile 20% - 10% O% Ll a 2006 2007 2008 2009 2010 20141 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 ope | eee) 57 °° ST <> oe = Nunawading
Slide 19: CHOF
CHOF 4 ¥ Launched in July 2005 after being significantly oversubscribed v Raised $165m of equity - largest opportunity fund in Australia ¥ Capacity created for over $500m of project end value ¥ 2 projects in Brisbane underway with total end value of approx $160m Y Balance of equity to be allocated o
Slide 20: CHOF
CHOF 4 PROJECT 1: NORTHBANK PLAZA, BRISBANE (STAGE 1) ¥ Refurbishment of existing 26,000sqm office building 50/50 JV with local development & investment group Indigo v ¥ Completion Value $134m, Completion Date late 2007 v Stage 2 (adjacent site co-owned by CHOF 4) under investigation for a new A-gra
Slide 21: Diversified Property Fund
DIVERSIFIED PROPERTY FUND ¥ Launched in September 2005 v Current AUM $48m comprising 5 assets in 4 states, NSW, QLD, WA and VIC v Targeting asset size in $5-30m price bracket Y Open-ended fund with strong potential for growth — primary vehicle for CHIF AUM growth Y CHG receives acquisition, funds ma
Slide 22: Diversified Property Fund
DIVERSIFIED PROPERTY FUND ¥ Good asset diversification and quality tenant composition St Georges Tce Perth CBD Mulgrave 30.5% Melb Metro 11.9% St Pauls Tce Brisbane Fringe Kent St 9.8% Sydney CBD 24.7% Geelong 23.2% ASSET DIVERSIFICATION by Acquisition Price St Georges Tce, Perth CBD Kent St, Sydney
Slide 23: Core Plus Office Fund (CPOF)
CORE PLUS OFFICE FUND (CPOF) v V Launched in December 2005 and $137m seed asset acquired Open-ended fund targeting institutional investors Target raising $250-500m of equity providing up to $1,100m asset capacity Fund to hold primarily passive and some assets with enhanced component Annual fund mana
Slide 24: Core Plus Office Fund (CPOF)
CORE PLUS OFFICE FUND (CPOF) SEED ASSET Y $137m, 20,000sqm Atrium acquired from PDP 2 v Pre-leased to AMEX and Coles Supermarket Y Located in Pyrmont on Sydney’s CBD fringe ¥ Stable, secure and growing distribution yields v A-Grade office building with retail area & parking v Under construction unti
Slide 25: Charter Hall
CHARTER HALL
Slide 26: Key Events Since IPO
KEY EVENTS SINCE IPO Eee $44 In Enis Howe. ofccasst Di project see tee (604m end vee) 2006 acgulied in Perth CED Nothbark Plaza Brisbane CED 4 100sam at 870 Bourke OF 4 CHP TS NOV fo gy | DPF al Cote VIC, _ Gesiong (ced pose!) JUN 2005 CHARTER HALL GROUP * CPOF equity raising currently underway. Roa
Slide 27: New Products Since IPO
NEW PRODUCTS SINCE IPO Opportunity Fund 4 (CHOF 4) Core Plus Office Fund (CPOF) Diversified Property Fund (DPF) CHARTER HALL GROUP 26
Slide 28: Existing Products at IPO
EXISTING PRODUCTS AT IPO Property Development Portfolio 1,283 (PDP 1,2,3) Investment Funds (CHIF 1-6, WI0DT) seis in total (p é quality assets, LT lea: Property Trust (CHPT) * Excludes Nunawading and Atrium projects which have been pre-sold, however CH |s stil receiving Fund Management flees on Nuna
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