Property For Industry Limited · NZX:PFI
Property For Industry — Shareholder Meeting (May 2021)
28 slides from Property For Industry's shareholder meeting presentation, May 19, 2021
Slide 1: Welcome to the 2021 Annual Meeting
Anthony Beverley Annual Chair of the Board Meeting 2021 WELCOME TO THE 2021 ANNUAL MEETING.
Slide 2: Agenda
Anthony Beverley Agenda Annual Chair of the Board Meeting 2021 01. BOARD PRESENTATION 02. MANAGEMENT TEAM PRESENTATION AGENDA 03. SHAREHOLDER DISCUSSION 04. FINANCIAL STATEMENTS 05. ORDINARY RESOLUTIONS 06. GENERAL BUSINESS
Slide 3: Board Presentation
Anthony Beverley Board Annual Chair of the Board Presentation Meeting 2021 01. BOARD PRESENTATION
Slide 4: Introductions
Anthony Beverley Introductions Annual Chair of the Board Meeting 2021 INTRODUCTIONS
Slide 5: Continuing Momentum
Anthony Beverley Continuing Annual Chair of the Board Momentum Meeting 2021 CONTINUING MOMENTUM 10.0 9.67cps 9.5 9.0 Cents per share 8.5 8.0 8.03cps 7.70cps 7.5 7.0 6.5 FY16 FY17 FY18 FY19 FY20 FFO AFFO Dividends
Slide 6: Portfolio in Great Shape
Anthony Beverley Portfolio in Annual Chair of the Board Great Shape Meeting 2021 PORTFOLIO IN GREAT SHAPE LEASING ACTIVITY 72 $ 90,500 $ REVALUATION M 1.631BILLION SQM LEASED PORTFOLIO $89.8M WEIGHTED AVERAGE LEASE TERM 89.8 5.28 CONTRACT RENT UP $84.9M YEARS 84.9 2019 2020
Slide 7: Gross Returns Since Inception: 11.6% pa
Anthony Beverley Gross Returns Annual Chair of the Board Meeting 2021 GROSS RETURNS SINCE INCEPTION: 11.6% PA 2,500 2,000 1,500 1,000 500 0 2000 2004 2006 2003 2009 2008 2002 2005 2020 2007 2001 2010 2014 1994 2016 2013 2019 2018 1996 1999 2012 2015 1998 1995 2017 1997 2011 Source: Forsyth Barr Anal
Slide 8: Net Zero
Anthony Beverley Enviromental, Annual Chair of the Board Social and Meeting Governance 2021 OUR KEY CLIMATE COMMITMENTS 1. 2. 3. $ 2 M investment to reduce emissions NET Zero scope 1, scope 2 and selected Transparency for our stakeholders from our HVAC systems scope 3 emissions(1) on our climate imp
Slide 9: Management Team Presentation
Simon Woodhams Management Team Annual Chief Executive Presentation Meeting Officer 2021 02. MANAGEMENT TEAM PRESENTATION
Slide 10: Purpose, Vision and Strategy
Simon Woodhams Purpose, Vision Annual Chief Executive and Strategy Meeting Officer 2021 PURPOSE VISION STRATEGY We generate income for investors We will be one of New Zealand’s foremost We will build on what we have and we’re as professional landlords to the Listed Property Vehicles. true to who we
Slide 11: The Journey So Far
Simon Woodhams The Journey Annual Chief Executive So Far Meeting Officer 2021 THE JOURNEY SO FAR $m 1,800 1,600 Investment Properties ($m) 1,400 Rights Issue 1,200 Rights Issue 1,000 Merger 800 Managed 600 Managed by PFIM 400 by AMP 200 Listed 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
Slide 12: Strategy Execution
Simon Woodhams Strategy Annual Chief Executive Execution Meeting Officer 2021 DIVESTED INVESTED 158 M $ 275 $ M
Slide 13: Our Current Portfolio
Simon Woodhams Our Current Annual Chief Executive Portfolio Meeting Officer 2021 BROWNFIELD OPPORTUNITIES 11% CORE GENERIC HOLDINGS ASSETS HELD 76% FOR SALE 7% SPECIALISED ASSETS 6% AUCKLAND 85% 15% OUT OF AUCKLAND
Slide 14: Recent Acquisitions
Simon Woodhams Recent Annual Chief Executive Acquisitions Meeting Officer 2021 RECENT ACQUISITIONS 528-558 $66 MILLION 5.0 HECTARES 670-680 $39 MILLION 2.8 HECTARES 44 $92 MILLION 3.6 HECTARES ROSEBANK ROAD, ROSEBANK ROAD, NOEL BURNSIDE ROAD, WALT 6 YEARS WALT 4 YEARS WALT 2 YEARS AVONDALE AVONDALE
Slide 15: Noel Burnside Road, Wiri
Simon Woodhams 44 Noel Annual Chief Executive Burnside Meeting Officer Road 2021 44 NOEL BURNSIDE ROAD, unu iRoad WIRI Puh rive hD ndis ve Ca PURCHASE PRICE 92M $ 20 RENT PA 3.64M $ SITE AREA 3.6HA
Slide 16: Noel Burnside Road, Wiri
Simon Woodhams 44 Noel Annual Chief Executive Burnside Meeting Officer Road 2021 44 NOEL BURNSIDE ROAD, WIRI NET LETTABLE AREA 18,305SQM OFFICE 480SQM CANOPIES 2,200SQM YARD 12,250SQM
Slide 17: 30-32 Bowden Road, Mt Wellington
Simon Woodhams 30-32 Annual Chief Executive Bowden Meeting Officer Road 2021 30-32 BOWDEN ROAD, 10 Sylvia Park MT WELLINGTON 6 CURRENT RENT PA 1.7M $ Mutukaroa / DECEMBER 2020 VALUATION Hamlins Hill 29M $ Regional Park 3 SITE AREA 4HA 1 CAPITAL REQUIRED ˜ $50M
Slide 18: 30-32 Bowden Road, Mt Wellington
Simon Woodhams 30-32 Annual Chief Executive Bowden Meeting Officer Road 2021 30-32 BOWDEN ROAD, MT WELLINGTON NET LETTABLE AREA ˜ 21,000SQM OFFICES 600SQM CANOPIES ˜ 1,820SQM YARD 6,000SQM CAR PARKS 150
Slide 19: Looking Forward
Simon Woodhams Looking Annual Chief Executive Forward Meeting Officer 2021 FIRST CLASS CONTINUOUS GROWING MANAGEMENT PORTFOLIO RETURNS IMPROVEMENT TO SHAREHOLDERS
Slide 20: Shareholder Discussion
Anthony Beverley Shareholder Annual Chair of the Board Discussion Meeting 2021 03. SHAREHOLDER DISCUSSION
Slide 21: Financial Statements
Anthony Beverley Financial Annual Chair of the Board Statements Meeting 2021 04. FINANCIAL STATEMENTS
Slide 22: Ordinary Resolutions
Anthony Beverley Ordinary Annual Chair of the Board Resolutions Meeting 2021 05. ORDINARY RESOLUTIONS
Slide 23: Resolution 01: Election of David Thomson
David Thomson Resolution Annual Independent 01. Meeting Director 2021 RESOLUTION 01. That David Thomson, who retires and is eligible for election, be elected as a Director of the Company.
Slide 24: Resolution 02: Election of Gregory Reidy
Gregory Reidy Resolution Annual Non-Executive 02. Meeting Director 2021 RESOLUTION 02. That Gregory Reidy, who retires and is eligible for election, be elected as a Director of the Company.
Slide 25: Resolutions 03 and 04: Auditor and Director Fees
Anthony Beverley Resolutions Annual Chair of the Board 03. and 04. Meeting 2021 RESOLUTION RESOLUTION 03. 04. That the Directors are authorised to fix That the Directors be authorised to the fees and expenses of the auditors, fix the remuneration of the Directors PricewaterhousesCoopers Auckland. of
Slide 26: General Business
Anthony Beverley General Annual Chair of the Board Business Meeting 2021 06. GENERAL BUSINESS
Slide 27: Close of Meeting
Anthony Beverley Close of Annual Chair of the Board Meeting Meeting 2021 CLOSE OF MEETING
Slide 28: Disclaimer
Disclaimer Annual Meeting 2021 DISCLAIMER The information included in this presentation is provided While every care has been taken in the preparation of as at 19 May 2021. this presentation, PFI makes no representation or warranty as to the accuracy or completeness of any statement in it Property f
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