Property For Industry Limited · NZX:PFI
Property For Industry — Shareholder Meeting (May 2018)
28 slides from Property For Industry's shareholder meeting presentation, May 8, 2018
Slide 1: Welcome to the 2018 Annual Meeting
WELCOME TO THE 2018 ANNUAL MEETING
Slide 2: Agenda
a AGENDA 1 Board and management team presentations Shareholder discussion Financial statements Ordinary resolutions General business O;o;R/o!]N Close of meeting and refreshments
Slide 3: Board and Management Team Presentations
BOARD AND MANAGEMENT TEAM PRESENTATIONS.
Slide 4: Introductions
INTRODUCTIONS.
Slide 5: Slide 5
Slide 6: 2017 Outcomes
2017 OUTCOMES.
Slide 7: 2017 Highlights
ee 2017 HIGHLIGHTS INTERNALISATION | BOND & RIGHTS OFFER TIL ACQUISITION Distributable profit 7 cents per share \
Slide 8: 2017 in Context
2017 IN CONTEXT Operating revenue 711 66.9 Operating expenses (28.0) (30.3) Total assets 11218 1,027.2 Number of properties 83 84 Occupancy WALT Gearing Earnings per share 11.25 27.42 17.25 a profit 8.08 758 7.01
Slide 9: Average Annual Return Since PFI Listed in 1994
9.7" AVERAGE ANNUAL oe RETURN SINCE PFI LISTED IN 1994 $9,200
Slide 10: A Big Year for PFI
A BIG YEAR FOR PFI.
Slide 11: Business as Usual
“a BUSINESS AS USUAL § 15 YEAR LEASE with fixed rent reviews of 4.55% every two years.
Slide 12: Business as Usual: Hugo Johnson Drive
“_“ BUSINESS AS USUAL 65 Hugo Johnson Drive SOLD FOR $ Purchased in 14.0 August 2015 for $11.0 million
Slide 13: Business as Usual
“a BUSINESS AS USUAL LEASE NEGOTIATIONS RENT REVIEWS 97,000 73) LEASES REVIEWED with a 1 ay, ™ 2.5% upiift on PORTFOLIO LEASED TO (ea) TENANTS with a 538.6 Wz WALT of 5, 5 years MERION
Slide 14: Business as Usual: 2018
“a BUSINESS AS USUAL: 2018 —_ Y= LEASE NEGOTIATIONS 43,000 sqm or 6% PORTFOLIO LEASED TO TENANTS with a WALT of 8.2 years Nestle 4 secure at Carlaw 1, 700 Park for sqm Kiwi Steel committed to 15 YEAR LEASE ~e at 212A Cavendish Drive Development
Slide 15: Number of Properties in Each Location
Number of properties in each location
Slide 16: Portfolio Acquisition
a PORTFOLIO ACQUISITION 2 g & 4 $70 properties from million Auckland to Christchurch acquisition LEASED + BACK TO TIL & LIFTS __— TENANTS “AND. WALT annual rental income
Slide 17: Enabling Growth
ENABLING GROWTH. —-
Slide 18: Resilience
RESILIENCE $1,400 — $1,200 -— $1,000 |— $800 |- $600 |- $400 |- $200 0 2013 2014 2015 2016 2017 MAssets Ml Liabilities
Slide 19: Capital Management
ee CAPITAL MANAGEMENT RIGHTS OFFER HAD A HIGH LEVEL OF TAKE-UP BY SHAREHOLDERS: RIGHTS OFFER ALMOST $100 BOND 80% MILLION OFFER Ww zon OF THE NEW SHARES AVAILABLE
Slide 20: Capital Management
ee CAPITAL MANAGEMENT $200 -— $150 |- $100 |- $50 7 0 FY18 FY19 FY20 FY21 FY22 FY23 FY24 MiBank facilities Ml Bonds
Slide 21: Outcomes
OUTCOMES LONGER WALT HIGHER DISTRIBUTABLE PROFIT LOWER GEARING EXTENDED DEBT MATURITY PROFILE Zs MORE CAPITAL FOR THE FUTURE OPPORTUNITIES
Slide 22: Shareholder Discussion
idddedauged FALSE PPPPEPER RES PATER PETIT RFPS TEREST F SHEET ET arlny SHAREHOLDER DISCUSSION.
Slide 23: Financial Statements
FINANCIAL STATEMENTS
Slide 24: Ordinary Resolution
ORDINARY — ~ RESOLUTION ” / ran ©
Slide 25: Ordinary Resolutions
a ORDINARY RESOLUTIONS Resolution 01 That David Thomson (appointed by the Board as a Director on 12 February 2018), who retires and is eligible for election, be elected as a Director of the Company. Resolution 02 That Gregory Reidy, who retires and is eligible for re-election, be re-elected as a Dir
Slide 26: General Business
GENERAL BUSINESS.
Slide 27: Close of Meeting and Refreshments
¥ q CLOSE OF : MEETING AND = = ~:~ REFRESHMENTS _——
Slide 28: Disclaimer
DISCLAIMER The information included in this presentation is provided as at 8 May 2018. Property for Industry Limited (PFI) does not guarantee the repayment of capital or the performance referred to in this presentation. Past performance is not a reliable indicator of future performance. The presenta
Property For Industry — Shareholder Meeting (May 2018) on 6ix