Supermarket Income Reit Plc · LSE:SUPR
Supermarket Income Reit — Shareholder Meeting (December 2024)
13 slides from Supermarket Income Reit's shareholder meeting presentation, Dec 16, 2024
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING SUPR Primary 1 #405268 16 DECEMBER 2024 INVESTING IN THE FUTURE OF GROCERY
Slide 2: Important Information
Important Information THIS PRESENTATION IS STRICTLY CONFIDENTIAL AND IS BEING PROVIDED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, REDISTRIBUTED, COPIED OR PUBLISHED (IN WHOLE OR IN PART) TO ANY OTHER PERSON FOR ANY PURPOSE. ANY RECIPIENT OF THIS PRESENTATION AGREES TO KEEP PERMANE
Slide 3: Important Information
Important Information The information contained in this presentation has not been independently verified by the Company, Atrato or any other person, and some of the information is still in draft form. No representation, warranty or undertaking, express or implied, is made by the Company, Atrato or a
Slide 4: Presenter and Board of Directors
Presenter and Board of Directors Independent Board Members Nick Hewson Vince Prior Frances Davies Chair Chair of the Management Chair of the ESG SUPR Primary 1 2017 Appointed June Engagement Committee Committee Appointed June 2017 Appointed June 2022 #405268 Ben Green Principal Atrato Capital Jon Au
Slide 5: Key financial metrics
Key financial metrics £1.8bn £116m 1.01x Portfolio Passing Dividend value rent cover(1)(2) 39% 4.0% 93% Loan to Average Fixed / value debt cost(3) hedged Past performance is not indicative of future results Photo: Tesco, Stoke-on-Trent All figures as at 18 November 2024 unless stated otherwise 1) Fo
Slide 6: Portfolio let to leading supermarket operators
Portfolio let to leading supermarket operators Exposure by value(1) 47% 31% 5% 4% 3% £1.8bn total value 2% SUPR Primary 1 1% #405268 1% Map locations are Non-grocery 6% indicative only. 74 6.0% 93% 78% Supermarkets Net Initial Omnichannel Tesco and Yield (2) stores(1) Sainsbury’s(1) 1) Weighted by v
Slide 7: Sustainably investing in the future of grocery
Sustainably investing in the future of grocery Pillar 1 Pillar 2 Pillar 3 Tenant & Climate & Responsible Community Environment Business Engagement SUPR Primary 1 Net Zero by 2050 #405268 52% actual electricity Gender equality commitment consumption data from on the Board supermarket tenants(1) Scien
Slide 8: Strong operational performance
Strong operational performance 100% 100% SUPR Primary 1 >99% Occupancy(1) #405268Rent Gross to collection(1) net margin Photo: Tesco, Stoke-on-Trent 1) Subject to rounding 8
Slide 9: Strategic initiatives to drive shareholder value
Strategic initiatives to drive shareholder value Investment Adviser Management fee to move to market capitalisation – alignment with shareholders savings of £1.9m p.a.(1) Earnings accretive Opportunities both in UK and Europe(2) at an attractive acquisitions spread to the cost of debt Exploring indi
Slide 10: Current core indicators
Current core indicators 8.7% 19.4% 6.8% Dividend Discount Implied yield(1) to NTA(2) Portfolio NIY(3) All figures based on a closing share price of 70.1p as at 13 December 2024 Past performance is not indicative of future results. 1) Based on FY25 target dividend of 6.12 pence per share 2) 3) Based
Slide 11: Grocery real estate specialists
Grocery real estate specialists SUPR Primary 1 #405268 TRIPLE NET LEASES TO LONG INFLATION- FUTURE-PROOFED INVESTMENT GRADE LINKED INCOME OMNICHANNEL STORES COVENANTS 12 YEAR WAULT(1) Images: Tesco Bishops Cleeve, Tesco Prescot, Sainsbury’s Gloucester 1) As at 18 November 2024 11
Slide 12: Questions?
Questions? SUPR Primary 1 #405268
Slide 13: Summary of Resolutions
Summary of Resolutions Number Resolution 1 Receive the Annual Report and Accounts 2 Approve the Directors’ Remuneration Report 3 Approve the Company’s dividend policy 4 Approve the authority to offer a scrip dividend alternative SUPR Primary 1 5-10 Re-election and election #405268 of Directors 11-12
Supermarket Income REIT — Shareholder Meeting (December 2024) on 6ix