Growthpoint Properties Australia · ASX:GOZ
Growthpoint Properties Australia — Goldman Sachs Small and Mid-Cap Conference 2017
10 slides from Growthpoint Properties Australia's conference presentation, Apr 27, 2017
Slide 1: Goldman Sachs Small and Mid-Cap Conference
Growthpoint Properties Australia (ASX Code: GOZ) Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409 www.growthpoint.com.au Goldman Sachs Small and Mid-Cap Conference 27 April 2017 3 Murray Rose Avenue, Sydney Olympic Park,
Slide 2: Growthpoint Properties Australia: Overview
Growthpoint Properties Australia: The four pillars of our investment offering are: Overview 1 100% investment Who are we? Our history in Australia All of the Group’s properties are located in Australia where our Growthpoint (GOZ) is an ASX-listed GOZ commenced in its current form in management under
Slide 3: Portfolio overview: Geographic diversity
Portfolio overview: Geographic diversity by property value as at 31 March 2017 Geographic and sector diversity1,2 VIC 30% 88% QLD 26% located on NSW 27% Australia’s SA 6% Eastern Seaboard ACT 5% Office properties WA 5% Industrial properties Brisbane, QLD TAS 1% Sector diversity $793.1m by property v
Slide 4: Portfolio overview: Key metrics
Portfolio overview: Key metrics1 Top ten tenants Annual rent review type (%)* Net property income per State Portfolio lease expiry profile (%) by passing rent as at 31 March 2017 as at 31 March 2017 / Territory for HY17 ($m) per financial year, by income 51 % WALE (yrs) Woolworths Limited 17 5.6 NSW
Slide 5: Development and capital expenditure
Development and capital expenditure The proposed Growthpoint has an in-house capital projects capital improvement and development team to enhance its existing programme is investments. expected to result in increased Growthpoint has a potential pipeline of approximately rental revenue, $200 million
Slide 6: Debt Management: Gearing
Debt Management: Gearing • Gearing and cost of debt reduced, debt maturity Change in gearing and cost of debt (%) profile extended 65% 8.0% • Current gearing of 39.4%2 below midpoint of Balance Sheet Gearing 60% 7.5% All-in cost of debt target range 55% 7.0% • Targeting fixed/hedged debt between 75%
Slide 7: Summary
Summary WWStable and predictable income WWAsset diversity WWHigh quality tenants and robust occupancy WWPrudent and diligent approach to acquisitions WWConservative financial policy WWStrong Securityholder support WWStrong Investment Grade Rating and stable outlook WWExperienced management 255 Londo
Slide 8: Appendices
Appendices 1 Charles Street, Parramatta, NSW
Slide 9: Appendix 1: State of key office markets
Appendix 1: State of 3% of 15% of Growthpoint Brisbane - CBD Brisbane - Fringe Growthpoint Portfolio Portfolio Vacancy 15.3% Vacancy 12.6% key office markets R Prime Secondary $700 gross $555 gross R Prime Secondary $545 gross $440 gross I 37% 40% I 36% 38% R Average rent per sqm per annum Y 6.00-7.
Slide 10: Appendix 2: State of key industrial markets
Appendix 2: State of key industrial markets R Average rent per sqm per annum I Indicative incentives Y Average core market yield 7% of Brisbane Growthpoint Portfolio Vacancy 8.9% Prime Secondary Rents Rents R $104 net $84 net decreasing increasing I 10% 12% / incentives / incentives decreasing Y 6.9
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