Dexus Convenience Retail REIT · ASX:DXC

Dexus Convenience Retail REIT — APN Property Group — Microequities Rising Stars Conference 2015

16 slides from Dexus Convenience Retail REIT's conference presentation, Jun 23, 2015

  1. Slide 1: Microequities Rising Stars Conference Investor Presentation

    MICROEQUITIES RISING STARS CONFERENCE INVESTOR PRESENTATION 23 JUNE 2015 www.apngroup.com.au ASX Code: APD

  2. Slide 2: Important Notice and Disclaimer

    Important Notice and Disclaimer This investor presentation (Presentation) has been prepared by APN Property Group Limited (ACN 109 846 068) (APN). Summary information This Presentation contains summary information about APN. The information in this Presentation is of general background and does not

  3. Slide 3: Agenda

    AGENDA  Company overview  New products / investment opportunities  View on the market  Questions Chris Aylward Tim Slattery Michael Groth Executive Chairman Executive Director Chief Financial Officer 3

  4. Slide 4: What do we do? Philosophy

    What do we do? Overview APN PROPERTY GROUP IS A SPECIALIST REAL ESTATE INVESTMENT MANAGER The Marketplace, Auburn NSW Philosophy PROPERTY FOR INCOME Coburg Hill Shopping Centre, Coburg North VIC INVESTMENT OUTSTANDING Approach PERFORMANCE SERVICE APN Property Plus Portfolio 4

  5. Slide 5: What's our strategy?

    What’s our strategy? External fund manager, co-investing: ‘capital light’ Investors Management services + Business Model Co-investment capital Funds APN Fees + Co-investment income Property Four key areas Investments of expertise… Objective: building shareholder value… › Specialist expertise  Grow

  6. Slide 6: Products and customers?

    Products and customers? Specialist property expertise in four key areas... ... Across multiple risk / return profiles $1,225 million $390 million Funds Under Management1 Funds Under Management1 Securities $187 million Direct $406 million Funds Under Management1 Funds Under Management1 6% - 8% 9% - 1

  7. Slide 7: Who are we?

    Who are we? Overview Share Price and Volume 45 1400000  Listed on ASX (Code: APD) Volume (RHS) Volume (daily shares traded) 1200000  Melbourne-based specialist real estate investment manager 40 Share price (cents) Price 1000000  Established 1996, listed 2005 35 Update 800000  Over $2.2 billion i

  8. Slide 8: Leadership Team

    Who are we? Highly experienced real estate team, Independent Responsible Entity, well supported platform Board of Directors Management Team Chris Aylward  See left  Over 30 years experience in property and construction industry Chris Aylward  Founding director of Grocon Pty Limited Executive Chai

  9. Slide 9: What's driving our business?

    What’s driving our business? Attractive Industry Dynamics and Market Position Australian superannuation assets $1.8 trillion1; Projected superannuation assets 2012 - 2033 1 forecast to grow to $3 trillion by 20202 Income-orientated investment products attractive 2 APN’s ‘property for income’ commerc

  10. Slide 10: How are we going?

    How are we going? A solid start to 2015, with strong investment performance… Securities Funds Under Management ($ million)  AREIT Fund monthly net inflows of ~$17.5 million average  Asian operations transitioning to Melbourne 2,207 Generation Healthcare REIT (ASX: GHC) 2,128  $45.8 million expans

  11. Slide 11: New products / investment opportunities

    New products / investment opportunities1 APN Steller Development Fund  Sophisticated investors  ~20% IRR, ~1.5x equity multiple  ~$20 million of equity, end asset value ~$120 million  Six SE Melbourne medium density projects  Risk parameters: pre-sales, gearing  Subject to due diligence and do

  12. Slide 12: New products / investment opportunities – continued

    New products / investment opportunities1 – continued APN Asian REIT Fund  Asian listed commercial property  20%+ pa total return since inception  Below market risk / volatility  Exposure to Asian growth markets  ~5.0% current distribution yield  Daily liquidity  Independent research ratings 

  13. Slide 13: What's our view on the market?

    What’s our view on the market?  High level of transaction activity in Australian commercial property markets  Domestic and international buyers active  Disconnect between transactional and occupier (leasing) markets, particularly across different parts of Australia  Timing of economic growth unc

  14. Slide 14: Where are we headed?

    Where are we headed?  Remain focused on putting our investors’ interests first  Simple culture of excellence and continuing to challenge ourselves to improve  Continue to grow each of our four business divisions  Continue to manage our costs  Significantly larger, more efficient (scale), profit

  15. Slide 15: Thanks and Questions

    THANKS AND QUESTIONS APN | Property Group

  16. Slide 16: Contact details

    Contact details Chris Aylward Tim Slattery Michael Groth Executive Chairman Executive Director Chief Financial Officer Ph: (03) 8656 1000 Ph: (03) 8656 1000 Ph: (03) 8656 1000  chris.aylward@apngroup.com.au  tim.slattery@apngroup.com.au  mgroth@apngroup.com.au APN Property Group Limited Level 30,

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