Arena Reit · ASX:ARF
Arena Reit — Shareholder Meeting (November 2021)
27 slides from Arena Reit's shareholder meeting presentation, Nov 25, 2021
Slide 1: Annual General Meeting 25 November 2021
ARENA REIT For personal use only Annual General Meeting 25 November 2021
Slide 2: Arena Directors
ARENA DIRECTORS For personal use only From left: Gareth Winter, David Ross, Rob de Vos, Rosemary Hartnett, Dennis Wildenburg, Simon Parsons. 2 ARENA REIT 2021 ANNUAL GENERAL MEETING
Slide 3: Agenda
AGENDA For personal use only Instructions for virtual meeting 4 Chair’s address 7 Managing Director’s report 11 Questions 16 Formal Business 17 Meeting Close 26 Important Notice 27 3 ARENA REIT 2021 ANNUAL GENERAL MEETING
Slide 4: Asking Questions via Lumi
ASKING QUESTIONS VIA LUMI For personal use only • To submit a written question select the messaging tab. • Type your question in the “Ask a question” box. • Once you have finished typing your question press the arrow symbol to send. 4 ARENA REIT 2021 ANNUAL GENERAL MEETING
Slide 5: Asking Questions via Lumi
ASKING QUESTIONS VIA LUMI For personal use only • To submit an audio question, please pause the broadcast before clicking on the link under “Asking Audio Questions.” • A new page will open, as shown to the right. • Please enter the requested details and then click “Submit Request” to join the audio
Slide 6: Voting Virtually via Lumi
VOTING VIRTUALLY VIA LUMI For personal use only • When the poll is open, the vote will be accessible by selecting the voting icon at the top of the screen. • To vote simply select the direction in which you would like to cast your vote. The selection will change colour and a confirmation message wil
Slide 7: Chair's Address
For personal use only CHAIR’S ADDRESS David Ross Chair
Slide 8: FY21 Highlights
$165.4 million $51.9 million FY21 HIGHLIGHTS For personal use only Statutory net Net operating profit Continuing strong portfolio, investment profit and community outcomes +116% on FY20 +18.5% on FY20 • 18.5% growth in net operating profit driven by contracted rental growth, acquisitions and develop
Slide 9: Sustainability
SUSTAINABILTY For personal use only Investment proposition and approach drives sustainable and commercial outcomes Key FY2021 Sustainability Outcomes Key FY2022 Sustainability Goals • Completed external stakeholder materiality assessment. • Collaborate with tenant partners on appropriately identifie
Slide 10: Delivering on Investment Objective
DELIVERING ON INVESTMENT OBJECTIVE For personal use only Earnings and distributions per security (cents) To generate attractive and predictable distributions to investors with earnings growth prospects over 15.8 14.6 14.8 15.2 the medium to long term. 15 14.0 13.5 13.8 12.8 13.1 12.0 12.3 • FY22 DPS
Slide 11: Managing Director's Report
For personal use only MANAGING DIRECTOR’S REPORT Rob de Vos Managing Director
Slide 12: Delivering on Strategy
DELIVERING ON STRATEGY For personal use only Strategy discipline and working in partnership continue to deliver positive outcomes Working in partnership: Portfolio management: • Continue to rollout the installation of • Portfolio weighted average lease expiry renewable energy systems. (by income) in
Slide 13: Contributors to EPS Growth
CONTRIBUTORS TO EPS GROWTH For personal use only Rental growth and development completions supporting EPS growth 18 0.85 - 0.15 - 0.60 15.20 16 14.55 0.55 EPS1 cents per share 14 12 10 8 6 FY20 EPS Contracted like-for-like Completed developments, Net operating expenses and Funding mix - equity FY21
Slide 14: Portfolio Overview
PORTFOLIO OVERVIEW For personal use only 30 June 2021 Net valuation movement 30 June 2021 Change versus Number of assets valuation versus 30 June 2020 passing yield 30 June 2020 $m $m % % bps ELC portfolio 238 959 +92.0 +11.8% 5.84% (40) Healthcare portfolio 11 153 +15.6 +11.4% 5.34% (78) Total port
Slide 15: Outlook
OUTLOOK For personal use only Long term income predictability with inflation protection INCOME GROWTH • FY22 distribution guidance of 15.8 cents per security, an increase of 6.8%1 on FY21. • Annual rent increases: o >76% of rent reviews in FY22 and FY23 will increase at the higher of an agreed fixed
Slide 16: Questions
For personal use only QUESTIONS
Slide 17: Formal Business
For personal use only FORMAL BUSINESS
Slide 18: Ordinary Business: Financial Reports
ORDINARY BUSINESS For personal use only Financial Reports To receive and consider the Financial Report, the Directors’ Report and the Auditor’s Report, each for the financial year ended 30 June 2021. 18 ARENA REIT 2021 ANNUAL GENERAL MEETING
Slide 19: Resolution 1: Remuneration Report
ORDINARY BUSINESS For personal use only Resolution 1: Non-binding advisory vote on the Remuneration Report To consider and, if thought fit, pass the following as an advisory resolution of the Company: ‘That the Remuneration Report for the financial year ended 30 June 2021 be adopted.’ Proxy voting r
Slide 20: Resolution 2: Election of Dennis Wildenburg
OTHER BUSINESS For personal use only Resolution 2: Election of Mr Dennis Wildenburg as a director of the Company To consider and, if thought fit, pass the following as an ordinary resolution of the Company: ‘That Mr Dennis Wildenburg who retires by rotation in accordance with ASX Listing Rules 14.4
Slide 21: Resolution 3: Deferred STI rights, Rob de Vos
OTHER BUSINESS For personal use only Resolution 3: Grant of deferred STI rights to Mr Rob de Vos To consider and, if thought fit, pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purposes, th
Slide 22: Resolution 4: LTI performance rights, Rob de Vos
OTHER BUSINESS For personal use only Resolution 4: Grant of LTI performance rights to Mr Rob de Vos To consider and, if thought fit, pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purposes,
Slide 23: Resolution 5: Deferred STI rights, Gareth Winter
OTHER BUSINESS For personal use only Resolution 5: Grant of deferred STI rights to Mr Gareth Winter To consider and, if thought fit, pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purposes,
Slide 24: Resolution 6: LTI performance rights, Gareth Winter
OTHER BUSINESS For personal use only Resolution 6: Grant of LTI performance rights to Mr Gareth Winter To consider and, if thought fit, pass the following as separate ordinary resolutions of the Company and each of the Trusts: ‘That for the purposes of ASX Listing Rule 10.14 and for all other purpos
Slide 25: Resolution 7: Remuneration of non-executive directors
OTHER BUSINESS For personal use only Resolution 7: Remuneration of non-executive directors To consider and, if thought fit, pass the following as an ordinary resolution of the Company: ‘That, in accordance with clause 2.11(a) of the Company constitution and ASX Listing Rule 10.17, the maximum total
Slide 26: Close
For personal use only CLOSE MEETING
Slide 27: Important Notice
IMPORTANT NOTICE For personal use only This presentation has been prepared by Arena REIT (Arena) comprising Arena REIT Limited (ACN 602 365 186), Arena REIT Management Limited (ACN 600 069 761 AFSL No. 465754) as responsible entity of Arena REIT No.1 (ARSN 106 891 641) and Arena REIT No.2 (ARSN 101