Dexus Convenience Retail REIT · ASX:DXC

Dexus Convenience Retail REIT — APN Regional Property Fund — FY2018 Earnings Presentation

10 slides from Dexus Convenience Retail REIT's earnings presentation, Aug 16, 2018

  1. Slide 1: FY18 Annual Results

    APN REGIONAL PROPERTY FUND FY18 ANNUAL RESULTS RESULTS RELEASE DATE

  2. Slide 2: At a Glance

    At a Glance $51.1m 2 9,471 PORTFOLIO VALUE A-GRADE OFFICE PROPERTIES SQUARE METRES $1.41 8.56% 9.31% NET TANGIBLE ASSETS PER TOTAL RETURN P.A. DISTRIBUTION YIELD1 SECURITY SINCE INCEPTION2 80% 100% 29.4% INCOME FROM GOVT OR OCCUPANCY GEARING3 NATIONAL TENANTS 1. Calculated as FY18 distribution rate

  3. Slide 3: FY18 Results

    FY18 Results Financial  Net Profit of $8.22 million  FY18 distribution of 9.5 cents per unit, reflecting a distribution yield of 8.6% pa(2) (paid quarterly)  NAV per unit $1.41, up 18.5% from $1.19 at June 2017  Current gearing of 29.4%(1), down from 30.9% at December 2017 Operational  80% of t

  4. Slide 4: Fund Key Metrics

    Fund Key Metrics Fund Total Return(1) Expiry Profile by Income 27.7% Income Capital Growth 42.5% 24.3% 36.4% 18.2% 11.1% 14.6% 9.3% 15.5% 6.3% 2.5% 9.5% 9.7% 5.6% 4.8% 6.8% 0.0% 6 months 1 year 3 years pa Since inception pa FY19 FY20 FY21 FY22 FY23+ Tenant Profile by Income 2% 2% Government Property

  5. Slide 5: Property – Honeysuckle Drive (26)

    Property 1 – 26 Honeysuckle Drive Overview Metrics as at 30 June 2018  Modern building within the Honeysuckle Precinct, located Independent Valuation $21,900,000 1.5km to the west of the Newcastle City Centre Capitalisation rate 7.50% Net Lettable Area 4,141 sq m  Five commercial and two retail te

  6. Slide 6: Property – Honeysuckle Drive (28)

    Property 2 – 28 Honeysuckle Drive Overview Metrics as at 30 June 2018  Built in 2002, comprising seven storeys Independent Valuation $29,200,000 Capitalisation rate 7.50%  Five commercial tenancies, a single retail tenancy and a Net Lettable Area 5,330 sq m rooftop telecommunications tenancy Valua

  7. Slide 7: Active Asset Management

    Active Asset Management  To assist with tenant retention and the long term marketability of the assets, APN has committed to a number of capital expenditure/maintenance programs including: - Upgrade to the foyers of both 26 & 28 Honeysuckle drive - Upgrade and expansion of the end of trip facilitie

  8. Slide 8: Fund Strategy

    Fund Strategy  As outlined in our 1H FY18 investor presentation, the Board is committed to providing investors with a liquidity event. The original timeframe for this was 30 June 2018.  As outlined to investors on 24 May 2018, the Board is now targeting to provide the liquidity event by 31 Decembe

  9. Slide 9: Additional Information

    Additional Information For additional information on the Fund including the audited financial statements for the year ended 30 June 2018, please visit the APN Property Group website at www.apngroup.com.au 9

  10. Slide 10: Disclaimer

    Disclaimer This presentation has been prepared by APN Funds Management Limited (ACN 080 647 479, AFSL No. 237500) (the "Responsible Entity") as the responsible entity and issuer of the financial products in respect of APN Regional Property Fund (ARSN 110 488 821). The APN Regional Property Fund is a

APN Regional Property Fund — FY2018 Earnings Presentation on 6ix