Goodman Group · ASX:GMG
Goodman — Macquarie Goodman Group — Shareholder Meeting (November 2005)
27 slides from Goodman's shareholder meeting presentation, Nov 18, 2005
Slide 1: Macquarie Goodman Group Annual General Meeting
Macquarie Goodman Group Annual General Meeting 18 November 2005
Slide 2: Directors
Directors Æ Mr David Clarke Chairman Æ Dr David Teplizky Independent Deputy Chairman Æ Mr Gregory Goodman Chief Executive Officer Æ Mr Ian Ferrier Independent Director Æ Mr John Harkness Independent Director 2
Slide 3: Directors
Directors Æ Ms Anne Keating Independent Director Æ Mr Patrick Goodman Non-Executive Director Æ Mr James Hodgkinson Non-Executive Director Æ Mr Stephen Girdis Alternate Director for Messrs David Clarke and James Hodgkinson 3
Slide 4: Year in Review
Year in Review Highlights Æ Formation of Macquarie Goodman Group Æ $458 million capital raising Æ Entered Asian joint venture with Macquarie Bank Æ Acquisition of $248 million in Hong Kong investments Æ Strong leasing and development results Æ Growth in third party funds management in New Zealand an
Slide 5: Business Structure
MACQUARIE E o € o O e) O ae) a o > | T O 0 = Business Structure Australia New Zealand Singapore Hong Kong PROPERTY INVESTMENT Direct Property Direct Property Property ownership Warehousing for MGP Direct Direct A-REIT Direct HK Fund Direct Property Warehousing for HK-REIT Property Property Joint ven
Slide 6: Customer Service Model
Customer Service Model Æ Our Customer Service Model operates at the heart of our business Æ Designed to identify the diverse property requirements of over 1,250 customers and provide them with complete property solutions 6
Slide 7: Geographic Coverage
(@) Geographic Coverage MACQUARIE gv Hong Kong + Singapore Australia | d = Perth = Auckland 0 | : ie New Zealand ~ ‘ joboume Wellington ia E o € o O e) ) ae) a O > | T O O =
Slide 8: Financial Highlights
© MACQUARIE E o € o O e) ) ao) a o 5 T O 0 = Financial Highlights Normalised full year earnings per security ($m) Normalised full year distribution per security ($m) Net tangible assets per security ($) Gearing (%) Security price ($) Total assets ($m) 2005 Actual 23.96 23.65 25.90 25.90 2.15 Sy 36 3
Slide 9: Value to Securityholders
MACQUARIE E o € o O e) O ae) a o > | T O 0 = Value to Securityholders Change Number of Securities 1,000 1,000 1,000 570 Price ($) 3.59 4.08 1.68 4.08 Value ($) 3,590 4,080 +490 1,680 2,325 +646 Soeesenrerr teeta 9.5 25.9 13.9 25.9 Total distribution ($) 95 259 +164 139 147 +8 Total value created (in
Slide 10: Annual Returns to Securityholders
Annual Returns to Securityholders Æ 12 month return to MGM Shareholders 20.3% Æ 12 month return to MGI Unitholders 48.5% Æ 10
Slide 11: Property Investment
Property Investment Achievements Æ $973 million in acquisitions Æ First Hong Kong investments, worth $248 million Æ $64.3 million in property revaluations Æ Strategic cornerstone investments: Macquarie Goodman Property Trust (30%) A-REIT (7%) Æ 11
Slide 12: Funds Management
Funds Management Achievements Æ Doubling of external funds under management to $2.3 billion Æ A-REIT Doubling of assets to A$1.6 billion Acquisition of 20 properties for A$800 million Total returns of 56% Æ Macquarie Goodman Property Trust Restructured in April 2005 118% profit increase
Slide 13: Property Development
Property Development Achievements Æ Development of strategic partnerships with major customers Æ $301 million of new space completed Æ 97% new developments pre-commited Æ $532 million in new projects commenced Æ Tripling of future development pipeline Æ 13
Slide 14: Property Services
Property Services Achievements Æ Leased a total of 377,000 sqm Æ Active portfolio management delivered high occupancy rates, stable lease expiry profiles and strong customer retention rates Æ Completed 42 leasing transactions with existing customers providing $35 million in annual net rental Æ 14
Slide 15: Asian Strategy
Asian Strategy Summary Æ Acquired an additional A$297 million in Hong Kong acquisitions since the financial year end Æ The Hong Kong properties are valued in excess of A$585 million Æ Macquarie Goodman and Macquarie Bank will co-invest in the Hong Kong portfolio of industrial assets Æ Launch Hong Ko
Slide 16: Wholesale Fund
Wholesale Fund Summary Æ Launch of an unlisted wholesale fund called Macquarie Goodman Wholesale Fund (“MGWF”) Æ Provides institutional investors (eg, superannuation funds) with a long term investment, alongside Macquarie Goodman Æ Diversified portfolio of 32 Australian industrial properties Æ Macqu
Slide 17: Outlook
Outlook Æ Pursue third party funds management opportunities Æ Launch Hong Kong real estate investment vehicle in 2006 Æ Forecast distributions to 27.5 cents in line with the Explanatory Memorandum Æ Focus on initiatives to deliver continued growth in our underlying earnings Æ 17
Slide 18: Conclusion
Conclusion Æ The merger has enabled Macquarie Goodman to pursue growth and acquisition opportunities using a conservative risk profile Æ Provided quality product to portfolio Æ Continue property partnerships with major customers Æ Delivered strong financial returns to our securityholders Æ The resul
Slide 19: Formal Business
Formal Business Annual General Meeting 18 November 2005
Slide 20: Resolution 1: Re-election of Mr Patrick Goodman
Resolution 1 Re-election of Mr Patrick Goodman Æ To consider and if thought fit, pass the following ordinary resolution: “That Mr Patrick Goodman, a director of MGM retiring in accordance with the Constitution, is re-elected as a director of MGM.” 20
Slide 21: Resolution 2: Re-election of Mr John Harkness
Resolution 2 Re-election of Mr John Harkness Æ To consider and if thought fit, pass the following ordinary resolution: “That Mr John Harkness, a director of MGM retiring in accordance with the Constitution, is re-elected as a director of MGM.” 21
Slide 22: Resolution 3: Re-election of Mr James Hodgkinson
Resolution 3 Re-election of Mr James Hodgkinson Æ To consider and if thought fit, pass the following ordinary resolution: “That Mr James Hodgkinson, a director of MGM retiring in accordance with the Constitution, is re-elected as a director of MGM.” 22
Slide 23: Resolution 4: Re-election of Ms Anne Keating
Resolution 4 Re-election of Ms Anne Keating Æ To consider and if thought fit, pass the following ordinary resolution: “That Ms Anne Keating, a director of MGM retiring in accordance with the Constitution, is re-elected as a director of MGM.” 23
Slide 24: Resolution 5: Issue of Stapled Securities to DRP underwriters
Resolution 5 Approval of the proposed issue of Stapled Securities to underwriters of the DRP Æ To consider and if thought fit, pass the following special resolution: “That the issue of Stapled Securities that: (a) were not subscribed for by Securityholders under the DRP for the distribution period e
Slide 25: Resolution 6: Adoption of Remuneration Report
Resolution 6 Adoption of Remuneration Report Æ To consider and if thought fit, pass the following ordinary resolution: “To adopt the remuneration report for the year ended 30 June 2005.” Note: The vote on this resolution is advisory only and does not bind the directors of Macquarie Goodman Group. 25
Slide 26: Resolution 7: Issue of Stapled Securities to Mr Gregory Goodman
Resolution 7 Issue of Stapled Securities to Mr Gregory Goodman Æ To consider and if thought fit, pass the following ordinary resolution: “That approval is given for all purposes under The Corporations Act and The Listing Rules of ASX for: (a) the issue Of Stapled Securities to Mr Gregory Goodman und
Slide 27: Thank you
Thank you Disclaimer This presentation for the year ended 30 June 2005 has been prepared by Macquarie Goodman Group comprising Macquarie Goodman Funds Management Limited (ACN 067 796 641) (AFSL 223621) as Trustee and Responsible Entity of the Macquarie Goodman Industrial, Capital, Thomas and Ascenda
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