Investore Property Ltd. · NZX:IPL
Investore Property — Investor Presentation (April 2020)
24 slides from Investore Property's investor presentation, Apr 29, 2020
Slide 1: Capital Raising Announcement
Capital Raising Announcement 29 April 2020
Slide 2: Disclaimer and Important Notice
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Disclaimer and Important Notice This presentation has been prepared by Investore Property Limited (Investore) in re
Slide 3: v Bunnings Rotorua Countdown Meadowbank
v Bunnings Rotorua Countdown Meadowbank Countdown Rolleston 226 Great South Road, Auckland
Slide 4: Contents
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Contents 05 Overview 06 Key metrics 07 Offer overview 08 Investore’s strategy 09 Key investment highlights 16 Offer
Slide 5: Overview
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Overview • Investore Property Limited (Investore) is seeking to raise up to $100m through a $85m underwritten place
Slide 6: Key metrics
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Key metrics Offer Overview Investore Financial Overview Pro forma LVR1 Offer $100m* post Offer 30.9% $85m 31 March
Slide 7: Offer overview
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Offer overview • Investore is undertaking the Offer which comprises: • An underwritten institutional placement to e
Slide 8: Investore's strategy
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Investore’s strategy Investore’s strategy is to invest in quality, large 1. Active Portfolio Management 2. Targeted
Slide 9: Key investment highlights
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Key investment highlights Investore’s portfolio delivers resilient cash flows that support distributions Majority o
Slide 10: Majority of tenants represent 'everyday needs'
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 1 Majority of tenants represent ‘everyday needs’ Around 71% of Investore’s portfolio1 is categorised as ‘everyday n
Slide 11: Anchor tenants with long lease terms
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 2 Anchor tenants with long lease terms Investore’s resilient portfolio1 comprises a high proportion of anchor tenan
Slide 12: Limited impact from COVID-19 to date
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 3 Limited impact from COVID-19 to date Investore’s portfolio comprises a high proportion of ‘essential businesses’,
Slide 13: Proactive capital management
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 4 Proactive capital management Proceeds of the Offer will provide funding flexibility to continue Investore’s strat
Slide 14: Positioned for growth opportunities
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 5 Positioned for growth opportunities The Offer will position Investore well to take advantage of investment opport
Slide 15: Track record of delivering strong returns
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx 6 Track record of delivering strong returns Investore has delivered strong returns for shareholders since listing,
Slide 16: Offer summary
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Offer summary • Underwritten Placement to eligible investors • Share Purchase Plan offer to all eligible shareholde
Slide 17: Use of proceeds and outlook
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Use of proceeds and outlook • The net proceeds of the Offer will be used to provide funding flexibility to continue
Slide 18: Offer timetable
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Offer timetable Placement Announcement of Offer and cleansing notice released to the NZX Wednesday 29 April 2020 In
Slide 19: Key risks
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Key risks Investore’s business activities are subject to a number of risks which may, individually • Online purchas
Slide 20: Key risks (cont)
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Key risks (cont) Property valuations FY21 dividend guidance is not guaranteed Valuations ascribed to any property a
Slide 21: Appendices
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Slide 22: Pro forma balance sheet
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Pro forma balance sheet Acquisition Pro forma post Placement and Share Pro forma post $m 31 March 20201 from SPL ac
Slide 23: International offer restrictions
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx International offer restrictions United States This document must not be distributed or released in the United Stat
Slide 24: Thank you
ibdroot\projects\IBD-HK\Limesoda2019\645387_1\00 Investore Capital Raise 2020\04 Presentations\01 Equity Raise Announcement Presentation\2020.04.17 Capital Raising Presentation v4.pptx Thank you Investore Property Limited Level 12, 34 Shortland Street Auckland 1010, New Zealand PO Box 6320, Victoria
Investore Property — Investor Presentation (April 2020) on 6ix