Ram Essential Services Property Fund · ASX:REP
Ram Essential Services Property Fund — Investor Presentation (November 2021)
18 slides from Ram Essential Services Property Fund's investor presentation, Nov 25, 2021
Slide 1: RAM Essential Services Property Fund Investor Presentation to Joint Lead Managers and Investors
RAM Property Funds Management Limited ABN 29 082 494 362 Suite 3201, Level 32, Australia Square 264 George Street Sydney NSW 2000 Tel: +61 2 8880 6688 www.ramgroup.com 25 November 2021 RAM Essential Services Property Fund – ASX Code REP Managed by RAM Property Funds Management Ltd (ABN 28 629 968 16
Slide 2: For further information please contact
For further information please contact: Investors investor.relations@ram.com.au Authorised for release by the Board of the Responsible Entity 2
Slide 3: RAM Australia Essential Services Property Fund Investor Presentation
REAL ASSET MANAGEMENT RAM Australia Essential Services Property Fund Investor Presentation November 2021 REAL ASSETS REAL RETURNS
Slide 4: Table of Contents and Today's Presenters
TABLE OF CONTENTS EXECUTIVE SUMMARY ACQUISITIONS VALUE ADD PIPELINE RELATIVE VALUE REAFFIRMATION OF GUIDANCE CONCLUSION TODAY'S PRESENTERS Scott Kelly ) MANAGING DIRECTOR, CEO AUSTRALIA > REAL ASSET MANAGEMENT William Gray HEAD OF REAL ESTATE REAL ASSET MANAGEMENT Ben Bochow CHIEF FINANCIAL OFFICER
Slide 5: Executive Summary
EXECUTIVE SUMMARY A unique portfolio of medical and essential retail real estate, with exposure to essential services tenants, long-WALE profile and the opportunity for capital growth High quality, High quality portfolio of 33 assets (including 11 medical properties settled with IPO proceeds) occupi
Slide 6: Acquisition Settlements
ACQUISITION SETTLEMENTS 11 high quality medical acquisitions settlements funded via IPO proceeds as set out in the PDS. © 11 medical properties valued at $128M (WACR 6.0%) bringing the total portion of medical in REP to 45% of total gross income @ Assets settled across 5 states enhancing geographic
Slide 7: Value-Add Pipeline
VALUE-ADD PIPELINE Updates @ The delivery of the value add pipeline has continued whilst the opportunity vy has expanded from $120M pre-IPO to $135M, resulting from increased ; scope in medical projects. @ Coles Gunnedah & Keppel Bay Plaza Stage 1 completed. @ Near term projects at Ballina Central,
Slide 8: Value-Add Pipeline - Program Update
VALUE-ADD PIPELINE - PROGRAM UPDATE Project Overview Property Name Sector Immediate Value-Add Projects - Development Approved by Council & Major Anchor Tenant/s Committed. Phase 1 - Development Approval Phase 3 - Construction | Forecasted Completion Development Update Phase 2 - Income Pre-commitment
Slide 9: Value-Add Pipeline - Leveraged Relationships
VALUE-ADD PIPELINE —- LEVERAGED RELATIONSHIPS 93.7% of gross income generated from essential services tenants’ Top 20 tenants - 8 relationships leveraged (c40% of fund income) facilitating accretive value add projects Rank Tenant 1 health@.care 2 Woo LworTHs GROUP 3 coles A ws Wesfarmers 5 3% endeav
Slide 10: Portfolio Update - As per PDS
PORTFOLIO UPDATE - AS PER PDS Number of Properties! Portfolio Geography’ Total Property Value! Gross Lettable Area (GLA) Occupancy? WALE? Essential Services income weighting® Medical / Essential Retail Weighting (% of Portfolio}! 44.9% / 48.8% , ; Essential Services Income Breakdown? Gym & Fitness N
Slide 11: Relative Value - Medical Portfolio
RELATIVE VALUE —- MEDICAL PORTFOLIO Recent comparable transactions confirm embedded valuation upside 5.75% 5.60% 5.50% 5.30% 5.25% 5.00% 4.88% 4.75% 4.50% % 4.50% 4.49% 4.25% 4.05% 4.00% mz RAM Medical Deception Bay Coonan Street Genesis Care Sunbury Medical Perth Clinic Portfolio Portfolio Centre $
Slide 12: Medical Portfolio Summary
MEDICAL PORTFOLIO SUMMARY ase ste | Yagauen | Coparn | Orpugney | Wale | TeehGia | sprit, Medical / Healthcare Corrimal Private Healthcare Centre Nsw $6.1 6.50% 96% 3.5 980 100% Southern Healthcare Specialists Dubbo Private Hospital NSW $21.0 5.25% 100% 14.1 5,588 100% Healthe Care Mayo Private Hosp
Slide 13: Relative Value - Essential Retail Portfolio
RELATIVE VALUE — ESSENTIAL RETAIL PORTFOLIO Recent comparable transactions confirm embedded valuation upside 6.50% 6.02% 6.00% 5.50% 5.01% 5.00% 4.93% 4.83% 4.81% 4.80% 4.50% 4.00% RAM Essential Retail Cherrybrook Village Coles Moggil Melton Station Oatley Village | Town Centre Victoria Portfolio Sq
Slide 14: Essential Retail Portfolio Summary
ESSENTIAL RETAIL PORTFOLIO SUMMARY Valuation | Cap rates | Occupancy | WALE Total GLA | Essential Services ($m)1 (%)1 (% GLA) (years)2 (sam) Income (%) [ey ton Essential Retail Broadway Plaza NSW $53.5 5.75% 100% 7.4 8,452 90% Woolworths Group Gunnedah NSW $15.9 6.75% 100% 4.2 5,560 93% Coles Group
Slide 15: Financial Update
FINANCIAL UPDATE @ REP maintains a forecast annualised Distribution per Security of 3.9c for FY22. (5.7% yield on the offer price) © The portfolio has an annual average weighted rent review of 2.2% with a 7.1 year WALE which provides investors with long-term certainty of growing dividends. These ann
Slide 16: Conclusion
CONCLUSION Geographically diversified portfolio of assets occupied by essential service retail and medical / healthcare income Doing what we said we would - executing the plan as outlined in the pre IPO presentations but investment opportunity even more attractive. Updated portfolio is a unique inve
Slide 17: Disclaimer
DISCLAIMER This presentation ("Presentation") is for informational and illustrative purposes only and should not be construed as legal, tax, investment or other advice. This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of
Slide 18: Contact Us
CONTACT US Sydney Office Tel: (61) 2 8880 6688 Address: Suite 3201, Level 32, Australia Square, 264 George Street, Sydney NSW 2000 Melbourne Office Tel: (61) 3 8658 0988 Address: Level 46, Rialto South Tower, 525 Collins Street, Melbourne VIC 3000 Brisbane Office Tel: (61) 7 3063 9544 Address: Level
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