Charter Hall Group · ASX:CHC

Charter Hall — Emerging Leaders Conference 2007

23 slides from Charter Hall's conference presentation, Mar 27, 2007

  1. Slide 1: Charter Hall Group Emerging Leaders Conference

    CHARTER HALL GROUP (CHC EMERGING LEADERS CONFERENCE 07 CHARTER HALL

  2. Slide 2: Charter Hall Group

    CHARTER HALL GROUP v Property Funds Management and Development Group - offices in Sydney, Brisbane, Perth and Auckland v Established in 19914, listed on ASX in 2005 as stapled security - market cap over $1 billion ¥ 10 year history of managing wholesale capital comprising 7 funds which have raised /

  3. Slide 3: Charter Hall Group

    CHARTER HALL GROUP Funds Management Co-investment Deal Sourcing Performance CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67

  4. Slide 4: Funds Management: Product Risk Return Spectrum

    FUNDS MANAGEMENT : PRODUCT RISK RETURN SPECTRUM eee OPPORTUNISTIC CHOF 4, CHOF 5 Core vest CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 es 30% enhanced Funds Maragement

  5. Slide 5: Funds Management: Established Track Record

    FUNDS MANAGEMENT : ESTABLISHED TRACK RECORD a a A A A CHARTER HALL OPPORTUNITY FUND 5 (CHOF 5)* 20% $250m* or Open CHARTER HALL OPPORTUNITY FUND 4 (CHOF 4) 3% 5 || $600m || $165m |] 82% 05 || (ete, CORE PLUS OFFICE FUND (CPOF) 1m 9 || $734m || $500m || 73% |) 06 || Som’ 20% 5 || $181m || $350m* or O

  6. Slide 6: Co-investment: Alignment of Interest

    CO-INVESTMENT : ALIGNMENT OF INTEREST 20% oe Nortbank Plaza, _ Coles ke Home HQ, _. H Brisbane QLD, (50%) : < Nunawading VIC Nun: 275 George Street : Gi Nepean F i Brisbane QLD, (50%) AMEX Atrium, Pyrmont Sydney NS¥ || Assets sourced from CH funds, off-market “© Assets sourcad off-market i Seed asse

  7. Slide 7: Co-investment: Return on Equity

    CO-INVESTMENT : RETURN ON EQUITY gross AUM unt on gross every 3 years CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67

  8. Slide 8: Deal Sourcing

    DEAL SOURCING GCPOF, CPIF & CPRF asset acquisition capacity * mw Opportunistic assets (completion value) « Existing core & core plus assets $om 2000 2001 2002 2003 2004 2005 2006 2007 2008 ¥ $2.1 billion current AUM ¥ Approx 30 deals totalling $1.7 billion completed in 05-06 period (90% off-market)

  9. Slide 9: Performance: CHC Security Price

    PERFORMANCE : CHC SECURITY PRICE Seana $12 Sn ee : : hee ate 108.1% Market Cap $1,015m CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 $3.00 $2.80. $2.60 $2.40 $2.20. $2.00 $1.60 $1.60 $1.40 $1.20 $1.00 $0.80 ET enc aay ead ata CHC. J ASX LPT 300 Jun-05. > Aug-05. |” (Oct-05 Dec-O5 °.” Feb-06 -.

  10. Slide 10: Performance: Funds

    PERFORMANCE : FUNDS cee 26.2% 18.3% 13.3% 15.6% 5 3Ye 16.6% 16.9% 14.9% 10.8% Mercer ASX300 © ASX300LPT —CHIF 1-6 ASX300 = ASX3OOLPT = PDP/CHOF Property Aggregate GROSS REALISED AGGREGATE EQUITY IRR GROSS REALISED AGGREGATE EQUITY IRR Charter Hall Core Investment Funds vs Benchmarks Charter Hall Opp

  11. Slide 11: Summary

    SUMMARY Funds Management Co-investment Deal Sourcing Performance nce orientated fee structure CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 "

  12. Slide 12: Appendix: Fund Overview

    APPENDIX : FUND OVERVIEW CHARTER HALL

  13. Slide 13: CPOF Overview

    CPOF OVERVIEW Size: $500 million of equity commitments raised providing $1 billion asset capacity Gearing: 50%, limited recourse debt oe Fund term: Open-ended with 7 year review / exit mechanism ee Investment strategy: Office sector, 70% core, 30% enhancedassets Location criteria: Investment limits:

  14. Slide 14: CPOF: Property Portfolio

    CPOF : PROPERTY PORTFOLIO CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 Atrium Northbank St George Bank Sydney NSW Plaza HQ $139.2m Brisbane QLD Sydney NSW _ (100% Ownership) $90.0m $126.0m {80% Ownership) (100% Ownership) 333 & 334 275 George St Bank SA George St Brisbane QLD Adelaide SA Sydn

  15. Slide 15: CPOF: Property Portfolio

    CPOF : PROPERTY PORTFOLIO Adelaide, Kogarah, 27% 225 St ; 18.9% Georges String St, Tee, 8.3% Northbank, Sfirling St, 14.4% 43% 333 George St 9.3% Atrium, 275 George 18.4% St 21.0% ASSET DIVERSIFICATION By Value QLD, 32.2% Re gs. 27% NSW, 44.6% WA, 20.5% GEOGRAPHIC DIVERSIFICATION By Value CHARTER HA

  16. Slide 16: CPIF Overview

    CPIF OVERVIEW Target size: $350 million target equity raising providing $700m asset capacity Gearing: 50%, limited recourse debt ee Fund term: Open-ended with 7 year review / exit mechanism Investment strategy: Industrial sector, 70% core, 30% enhanced assets ae Location criteria: Major Australian m

  17. Slide 17: CPIF: Property Portfolio

    CPIF : PROPERTY PORTFOLIO Coles Myer Toll, Viola Place Distribution Centre Brisbane QLD Perth WA $9.5m $1 16.1m (160% Ownership} (75% Ownership) Pinkenba Wesfarmers, Geebung Brisbane QLD Brisbane QLD $24.7m $7.5m (100% Ownership) (100% Ownership} Tullamarine Melbourne VIC $23.6m (100% Ownership) CHA

  18. Slide 18: CPIF: Property Portfolio

    CPIF : PROPERTY PORTFOLIO Toll, 5.2% Geebung, 4.2% Tullamarine, 13.0% Coles, 63.9% Pinkenba, 13.6% ASSET DIVERSIFICATION By Value QLD, 23.0% WA, 63.9% VIC, 13.0% GEOGRAPHIC DIVERSIFICATION By Value CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 Pinkenba Lg 84 Tullamarine 64 Geebung | 10.0 Tol t

  19. Slide 19: CHOF Series Overview

    CHOF SERIES OVERVIEW Fund Size CHOF 4: $165m raised. CHOF 5: $250m targeted Gearing r to 65% of project completion value Oe Asset Capacity CHOF 4: $800m, CHOF 6: approx s8son Fund Term Syer limited life (may be extended for up to2yeas) Investment strategy Property development, trading and reposition

  20. Slide 20: CHOF: Current Projects

    CHOF : CURRENT PROJECTS 275 George Street, Brisbane New 40,000sqm A-grade, 30-level office tower, 7 1,500sqm retail space and 240 car spaces. 80% pre-leased to Talstra on a 10 year lease. Targeting 5 star Green Star rating and 4.5 slar ABGR. Floor plate 1,280sqm. Completion value $370m, 50% JV with

  21. Slide 21: DPF Overview

    DPF OVERVIEW Current asset size: $90m Gearing: 65%, limited recourse debt es Fund term Open-ended with limited liquidity mechanism OO Investment strategy: $5-30m core assets leased to quality tenants on enceterm eases - Location criteria: Australia wide. Current assets located in 4 states Target FY

  22. Slide 22: DPF: Property Portfolio

    DPF : PROPERTY PORTFOLIO Coles Myer Distribution Corio Retail Centre Centre Geelong VIC Perth WA $11.4m $38.7m (160% Ownership} (25% Ownership) (75% CPIF) 400 Kent St “Mulgrave vic Sydney NSW $5.7m $1 3.2m (160% Ownership) (25% Ownership} (50% CHPT, 25% CHIF 8) 481 St Georges Tce 285 St Pauls Tce Pe

  23. Slide 23: DPF: Property Portfolio

    DPF : PROPERTY PORTFOLIO Mulgrave, 6.6% St Pauls Tee, 5.4% Corio, 12.8% St Georges Too, 16.9% Kent St Coles Myer, 13.7% 44.6% ASSET DIVERSIFICATION By Value Retal 12.6% Office 43.4% ; Industrial 43.9% SECTORAL DIVERSIFICATION By income CHARTER HALL GROUP . EMERGING LEADERS CONFERENCE 67 aLb 5.4% WA

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