Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — Shareholder Meeting (October 2020)
20 slides from Charter Hall Long Wale Reit's shareholder meeting presentation, Oct 22, 2020
Slide 1: Annual General Meeting 22 October 2020
For personal use only Charter Hall Long WALE REIT Annual General Meeting 22 October 2020 Charter Hall Long WALE REIT
Slide 2: 2020 Annual General Meeting Agenda
For personal use only 1. Independent Chair’s Address: Peeyush Gupta AM 2. Fund Manager’s Address: Avi Anger 3. Questions 2020 Annual General Meeting Agenda 4. Items of Business Charter Hall Long WALE REIT
Slide 3: Independent Chair's Address
Independent For personal use only Chair’s Address Coles Distribution Centre, Perth Charter Hall Long WALE REIT
Slide 4: Board of Directors and Fund Managers
Independent Chair’s Address Board of Directors For personal use only Peeyush Gupta AM Chair Glenn Fraser Ceinwen Kirk-Lennox David Harrison Non-Executive Director Non-Executive Director Managing Director & Group CEO Fund Managers Scott Martin Avi Anger Darryl Chua Head of Finance – Diversified Fund
Slide 5: Delivering on strategy
Independent Chair’s Address Delivering on strategy High quality, diversified portfolio delivering stable and secure long term income For personal use only – ✓ Average 18.7 year WALE on new acquisitions Increase portfolio – Including leasing extensions, increased portfolio WALE from WALE 12.5 years t
Slide 6: Summary of COVID-19 impact
Independent Chair’s Address Summary of COVID-19 impact Negligible impact to FY20 operating earnings as a result of CLW’s defensive, non-discretionary income profile For personal use only – 1 SME tenants 0.4% of net rent – Negligible relief of 0.2% of net rent provided to tenants in FY20 28.3c 2 – Po
Slide 7: Reliable and growing distributions
Independent Chair’s Address Reliable and growing distributions CLW has delivered consistently growing distributions per security each year since IPO For personal use only 28.3c 26.9c 26.4c 25.4c 1 FY17 FY18 FY19 FY20 1. Reflects the FY17 DPS of 16.2 cents for the period from IPO to 30 June 2017, whi
Slide 8: Fund Manager's Address
Fund Manager’s For personal use only Address The Glasshouse, Macquarie Park, Sydney Charter Hall Long WALE REIT
Slide 9: FY20 highlights
Fund Manager’s Address FY20 highlights1 Delivered EPS growth of 5.2% over FY19 For personal use only Financial Portfolio Capital performance performance management Operating EPS of 28.3 cents 14.0 year WALE $1.4 billion up 5.2% over FY19 up from 12.5 years at 30 June 2019 of new investments increasi
Slide 10: Post balance date - bp NZ portfolio acquisition
Fund Manager’s Address Post balance date - bp NZ portfolio acquisition bp leased, NNN convenience retail properties with a portfolio WALE of 20 years For personal use only Portfolio overview ‒ Acquired in September 2020, the bp NZ Portfolio comprises 70 convenience retail properties that are integra
Slide 11: CLW portfolio impact from bp NZ acquisition
Fund Manager’s Address CLW portfolio impact from bp NZ acquisition1 Increases CLW’s proportion of NNN leases to 48% For personal use only Pre-Acquisition2 Acquisition Post-Acquisition Number of properties 386 70 456 Property valuation $3,630m $121m $3,751m Proportion of NNN leases 46% 100% 48% Weigh
Slide 12: Strong track record since IPO
Fund Manager’s Address Strong track record since IPO Step change in portfolio quality with resilient increasing distributions For personal use only IPO Jun 17 Jun 18 Jun 19 Jun 20 ✓ Tripled portfolio scale $1,253 million $1,397 million $1,525 million $2,133 million $3,630 million ✓ Doubled NNN expos
Slide 13: Questions
Questions For personal use only Woolworths Distribution Centre, Dandenong, Melbourne Charter Hall Long WALE REIT
Slide 14: Items of Business
Items of For personal use only Business BP Caringbah, Sydney Charter Hall Long WALE REIT
Slide 15: Re-election of Independent Director
Items of Business Resolution 1 Re-election of Independent Director For personal use only To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of the Securityholders: “That Mr Glenn Fraser, a Director of Charter Hall WALE Limited be re-elected as a di
Slide 16: Re-election of Independent Director results
Items of Business Resolution 1 Re-election of Independent Director For personal use only FOR: 96.03% OPEN: 0.06% AGAINST: 3.91% Charter Hall Long WALE REIT 2020 Annual General Meeting 16
Slide 17: Ratification of Institutional Placement
Items of Business Resolution 2 Ratification of Institutional Placement For personal use only To consider, and if thought fit, to pass the following resolution, as an ordinary resolution of Securityholders: “To ratify, for the purposes of Listing Rule 7.4 and for all other purposes, the issue of 12,3
Slide 18: Ratification of Institutional Placement results
Items of Business Resolution 2 Ratification of Institutional Placement For personal use only FOR: 99.84% OPEN: 0.09% AGAINST: 0.06% * Figures do not add to 100% due to rounding. Charter Hall Long WALE REIT 2020 Annual General Meeting 18
Slide 19: Contact information
Contact information For personal use only Avi Anger Scott Martin Darryl Chua Philip Cheetham Fund Manager Head of Finance Deputy Fund Manager Head of Listed Investor Relations Charter Hall Long WALE REIT Charter Hall Long WALE REIT Charter Hall Long WALE REIT Charter Hall Group Charter Hall Group Ch
Slide 20: Office locations
For personal use only Sydney Head Office Melbourne Brisbane Perth Adelaide Level 20, No.1 Martin Place Level 14, 570 Bourke Street Level 22, Northbank Plaza Level 5, St Georges Square Level 2, 80 Pirie Street Sydney, NSW, 2000 Melbourne VIC 3000 69 Ann Street 225 St Georges Terrace Adelaide SA 5000
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