Goodman Group · ASX:GMG
Goodman — Shareholder Meeting (November 2021)
26 slides from Goodman's shareholder meeting presentation, Nov 18, 2021
Slide 1: ASX cover letter: AGM Chairman's and CEO's presentations
18 November 2021 Market Announcements Office ASX Limited Via ASX Online Dear Sir / Madam Goodman Group (Goodman) - Annual General Meetings - Chairman's and CEO's Presentations Please find attached the Chairman’s and Group CEO’s written addresses and presentations for Goodman's Annual General Meeting
Slide 2: Chairman's Address
CHAIRMAN’S ADDRESS GOODMAN GROUP AGM 2021 18 NOVEMBER 2021, 10AM Goodman delivered another very strong result in 2021 during a year of constant change, particularly with all the challenges posed by the pandemic. The increases in operating profit and earnings per security both exceeded our initial ma
Slide 3: Chairman's Address (continued)
The Group’s strong relationship with its global Investment Partners, which are some of the world’s largest pension funds who co-invest with Goodman around the world, further strengthens our financial position. The scale and complexity of our projects, resulting principally from our focus on infill m
Slide 4: Board retirement and thanks
Penny Winn has decided not to stand for re-election this year and will retire from the Board at the conclusion of today’s meeting. On behalf of the Board, I would like to extend my gratitude to Penny for her valuable contribution during her time with Goodman and we wish her well in her future endeav
Slide 5: CEO Address
CEO ADDRESS GOODMAN GROUP AGM 2021 18 NOVEMBER 2021, 10AM The world is changing. The way we live, shop and work, has evolved. Industrial real estate is now recognised as essential infrastructure to support people’s changing lifestyles in the digital economy. These are structural changes that Goodman
Slide 6: CEO Address (continued)
The longer lease terms are a function of our customers wanting to lock in these strategic locations, as well as get a return on the large investments they are making in technology. Technology is the enabler that will allow them to get more out of their buildings. Greater efficiency, better utilisati
Slide 7: CEO Address (conclusion)
We are executing our strategy, focusing on infill markets to deliver sustainable opportunities for our customers and investors, while securing cashflow growth for the long-term. Finally, I would like to thank the Board, our investors and all our stakeholders for their ongoing support. Thank you and
Slide 8: Goodman Group 2021 Annual General Meetings
Goodman Group 2021 Annual General Meetings
Slide 9: Directors and Executives
DIRECTORS AND EXECUTIVES Left to right: Danny Peeters Executive Director Penny Winn Independent Director Chris Green Independent Director Greg Goodman Group Chief Executive Officer Stephen Johns Independent Chairman Rebecca McGrath Independent Director Phillip Pryke Independent Director Mark G Johns
Slide 10: Agenda
AGENDA 01 Chairman’s address 02 Group strategy video 03 Group CEO’s address 04 Formal business 3 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 11: Chairman's Address
01 CHAIRMAN’S ADDRESS Stephen Johns 4 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 12: 2021 Overview
01 2021 OVERVIEW + Delivered a strong result during a year of change + Remained agile and embraced opportunities + Accelerated our environmental, social and governance targets + Prioritised health and safety, diversity and flexibility + Success is the result of a strong team and culture + Consistent
Slide 13: The Right Balance and Focus
01 THE RIGHT BALANCE AND FOCUS + Balanced entrepreneurial spirit with the attention to detail required in compliance and risk management + A remuneration strategy that allows all people to be owners in the business, creating a loyal and experienced team – engaged and committed for the long-term + A
Slide 14: Strong and Sustainable
01 STRONG AND SUSTAINABLE + A strong balance sheet to secure financial sustainability + Low gearing and strong liquidity + Strong relationship with Investment Partners + Focus on infill – increases scale and complexity + Focus on environmental and sustainability goals are aligned with long-term fina
Slide 15: The 10 Year Remuneration Plan
01 THE 10 YEAR REMUNERATION PLAN + Refine the Long Term Incentive Plan for greater alignment between securityholders and the senior leadership team + Testing and vesting increased to four and ten years + Market leading remuneration structure, designed to: – Influence long term decision making – Reta
Slide 16: The Goodman Board
01 THE GOODMAN BOARD Directors standing for re election + Ms Rebecca McGrath + Mr David Collins + Mr Danny Peeters + Penny Winn to retire Seek to maintain a diverse board with the right mix of skills, gender and geographic representation. 9 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 17: Group Strategy Video
Goodman Business Park, Greater Tokyo, Japan 02 GROUP STRATEGY VIDEO 10 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 18: CEO's Address
03 CEO’S ADDRESS Greg Goodman 11 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 19: Strong Financial Performance
03 STRONG FINANCIAL PERFORMANCE + $70 billion assets under management by June 2022 + EPS growth in excess of 15% for FY22 + $1.2 billion operating profit + $2.3 billion statutory profit. AUM $bn 70.0 62.0 57.9 51.6 46.2 38.3 FY18 FY19 FY20 FY21 Q1 FY22 FY22 E TOTAL AUM Artist’s impression of Green D
Slide 20: Accelerated Development Demand
03 ACCELERATED DEVELOPMENT DEMAND + $12.7 billion WIP + 81 projects + 50% infill markets + 60% brownfield + 50% multi-storey *As at 30 September 2021 Goodman Tsuen Wan West, Hong Kong SAR, China 13 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 21: Strategic Location Strength
03 STRATEGIC LOCATION STRENGTH + 98.4% occupancy + 3.2% rental growth + WALE 4.7 years. *As at 30 September 2021 Goodman Commerce Center Eastvale, Los Angeles, USA 14 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 22: Partnership Performance
03 PARTNERSHIP PERFORMANCE + $62 billion assets under management* + Consistent valuation growth + Partnership return c.18%. *As at 30 September 2021 15 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 23: Sustainability Commitment
03 SUSTAINABILITY COMMITMENT + Carbon neutral operations four years ahead of target + 125MW solar installed v target of 400MW by 2025 + Transitioned to 100% certified green power in Australian operations + Global renewable energy usage approx 60% + GRESB leader in Japan, UK and Australia + $10millio
Slide 24: Doing Good in the World
03 DOING GOOD IN THE WORLD + Goodman Foundation contributed $6.3 million in FY21 including $400,000 raised by Goodman people + Critical support provided to charity partners globally. GOODMAN’S BRAND VALUES GOODMAN’S VALUES 17 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 25: FY22 Outlook
03 FY22 OUTLOOK + EPS growth in excess of 15% + Execution of strategy + Infill market focus + Securing cashflow growth for the long term. Goodman Business Park, Greater Tokyo, Japan 18 GOODMAN GROUP 2021 ANNUAL GENERAL MEETINGS
Slide 26: Thank You
THANK YOU For more information visit goodman.com Important Notice This document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071) and Goodman Funds Management Limited (ABN 48 067 796 641) (AFSL 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839) a