GARDA Property Group · ASX:GDF
GARDA Property — GARDA Diversified Property Fund — Shareholder Meeting (November 2018)
21 slides from GARDA Property's shareholder meeting presentation, Nov 23, 2018
Slide 1: 2018 AGM Chairman's Address and Presentation
ASX Announcement / Media Release GARDA Diversified Property Fund (GDF) 23 November 2018 GARDA Diversified Property Fund For personal use only 2018 AGM Chairman’s Address and Presentation Good morning Ladies and Gentlemen, it is 9:30am and as there is a quorum present, I declare this meeting open. We
Slide 2: Chairman's Address (continued) and About GARDA
This capital raising supports GDF’s recent acquisitions including the latest announced Berrinba and Progress Road Wacol properties, both future industrial facilities, which upon completion will increase GDF’s assets under management to approximately $370 million. Should the further investment by GCM
Slide 3: Annual General Meeting 23 November 2018
For personal use only ANNUAL GENERAL MEETING 23 NOVEMBER 2018 GARDA DIVERSIFIED PROPERTY FUND (ASX CODE: GDF) ARSN 104 391 273
Slide 4: Important Information
IMPORTANT INFORMATION This presentation (Presentation) has been prepared on behalf of GARDA Capital Limited (ACN 095 039 366) (AFSL 246714) (GARDA) as responsible entity of the GARDA For personal use only Diversified Property Fund ARSN 104 391 273 (GDF or the Fund). The information and statements in
Slide 5: Agenda
AGENDA For personal use only 1. BOARD OF DIRECTORS OF RESPONSIBLE ENTITY 2. EXECUTIVE CHAIRMAN’S WELCOME AND ADDRESS 3. QUESTIONS 4. BUSINESS OF THE MEETING GARDA DIVERSIFIED PROPERTY FUND ANNUAL GENERAL MEETING 23 NOVEMBER 2018 | 3
Slide 6: Board of Directors of Responsible Entity
BOARD OF DIRECTORS OF RESPONSIBLE ENTITY For personal use only MATTHEW MADSEN PHILIP LEE Executive Chairman Non-Executive Director MARK HALLETT LEYLAN NEEP Non-Executive Director Executive Director GARDA DIVERSIFIED PROPERTY FUND ANNUAL GENERAL MEETING 23 NOVEMBER 2018 | 4
Slide 7: GDF at a Glance
GDF AT A GLANCE For personal use only $ 330 MILLION 1 $200 MILLION 95% 5.9 YEARS 3.2% $ 0.09/unit WEIGHTED AVERAGE OCCUPANCY 2 WALE2 RENT REVIEWS FY2019 Distribution FORECAST 34.5% $1.27 6.78% ALIGNED MANAGER WEIGHTED AVERAGE GARDA Capital LVR3 NTA Per Unit4 CAP RATE5 holds 12.05% of GDF units 1. Ba
Slide 8: Results - Overview
RESULTS - OVERVIEW For personal use only 30 JUNE 2018 ($) 30 JUNE 2017 ($) Statutory Net Profit 24,161,000 20,121,000 Adjustments: Fair value movement of investment properties (14,330,000) (9,517,000) Loss on sale of investment properties - 154,000 Net (gain)/loss of interest rate swaps marked to ma
Slide 9: Performance Since IPO
PERFORMANCE SINCE IPO For personal use only GROWTH IN AUM 330 15% Upon Completion of 51% Botannica 9 CAP RATE (%) 284 FY19 8.90% 8.13% 7.37% 23% 6.78% 188 $ millions 154 FY16 FY17 FY18 2015 2016 2017 2018 Since the initial public offer of GDF in July 2015 GARDA has: Increased assets under management
Slide 10: Performance Since IPO
PERFORMANCE SINCE IPO WALE (YEARS) For personal use only 5.9 Increased the resilience of the portfolio 5.6 » WALE is now 5.9 years (up from 3.5 years) 4.1 » A more balanced sector diversification profile 3.5 » Now 68% / 32% office / industrial, from 95% / 5%. » Increased geographic diversification p
Slide 11: Balanced Returns
BALANCED RETURNS GDF DISTRIBUTIONS AND NTA For personal use only UPLIFT PER UNIT Distributions per unit » The Fund has delivered balanced returns consisting of both tax-advantaged income and NTA Increase capital growth. $0.200 $0.174 $0.170 » The Fund has outperformed the S&P/ASX 200 A-REIT index si
Slide 12: Strategy and Execution
STRATEGY AND EXECUTION For personal use only » GARDA’s strategy has been to: GDF EQUIT Y RAISING - Achieve the aforementioned improvements while maintaining a consistent and strong distributable yield; $70 - Acquire and divest assets in a nimble yet disciplined manner; million $30 - Manage and grow
Slide 13: Execution
EXECUTION For personal use only » Over the past 18 months GDF has demonstrated a key competitive advantage amongst the smaller AREITS, in developing (to retain ownership over the long term) its own asset base, in all of its operating environments, through the following projects: - Botanicca 9 projec
Slide 14: Questions?
For personal use only QUESTIONS?
Slide 15: Business of the Meeting
For personal use only BUSINESS OF THE MEETING
Slide 16: Business of Meeting
BUSINESS OF MEETING For personal use only 1. FY18 Financial Statements and Report 2. Resolution 1 – Approval of participation of related party in the Placement (issue of 3,200,000 units to TCA) 3. Resolution 2 – Ratification and approval of previous allotment and issue of units through the Placement
Slide 17: FY18 Financial Statements and Report
1. FY18 FINANCIAL STATEMENTS AND REPORT For personal use only To receive and consider the Annual Financial Report and Financial Statements, the Directors’ Report and Auditor’s Report for GARDA Diversified Property Fund for the financial year ended 30 June 2018. 03 04 STATEMENT OF PROFIT OR LOSS AND
Slide 18: Resolution 1: Participation of Related Party in the Placement
2. RESOLUTION 1 APPROVAL OF PARTICIPATION OF RELATED PARTY IN THE PLACEMENT For personal use only To consider and, if thought fit, pass the following as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.11 and for all other purposes, Unitholders approve the issue of 3,200,000 Un
Slide 19: Resolution 2: Ratification of Previous Allotment and Issue of Units
3. R ESOLUTION 2 RATIFICATION AND APPROVAL OF PREVIOUS ALLOTMENT AND ISSUE OF UNITS For personal use only To consider and, if thought fit, pass the following as an ordinary resolution: “That, for the purposes of ASX Listing Rules 7.4 and for all other purposes, Unitholders ratify and approve the iss
Slide 20: Resolution 3: Additional 10% Placement Capacity
4. R ESOLUTION 3 APPROVAL OF ADDITIONAL 10% PLACEMENT CAPACITY For personal use only To consider and, if thought fit, pass the following as a special resolution: “That, for the purposes of ASX Listing Rule 7.1A and for all other purposes, approval is given for the issue of Units up to an additional
Slide 21: GARDA Diversified Property Fund (ASX: GDF)
For personal use only GARDA DIVERSIFIED PROPERTY FUND (ASX CODE: GDF)
GARDA Diversified Property Fund — Shareholder Meeting (November 2018) on 6ix