Stride Property Group · NZX:SPG

Stride Property — Shareholder Meeting (August 2016)

27 slides from Stride Property's shareholder meeting presentation, Aug 29, 2016

  1. Slide 1: Stride Property Group Annual Meetings 29 August 2016

    Stride Property Group Annual Meetings 29 August 2016 Stride Property Limited — Annual Results Presentation for the year ended 31 March 2016 – 26 May 2016

  2. Slide 2: Agenda

    Agenda A. Chairman’s Address Tim Storey – Chairman B. Chief Executive’s Address Peter Alexander – Chief Executive C. Financial Statements Tim Storey – Chairman D. Ordinary Resolution for Stride Tim Storey – Chairman E. Ordinary Resolutions for SIML Tim Storey – Chairman F. General Business Tim Store

  3. Slide 3: A. Chairman's Address

    A. Chairman’s Address (* f if z . -

  4. Slide 4: Stride's vision

    Stride’s vision Our vision is to build New Zealand’s best performing listed property group, investing in the best places, managed by the best team, and, most importantly, delivering the best performance Stride Property Group - Annual Meetings - 29 August 2016 4

  5. Slide 5: Highlights: Financial Performance

    Highlights (Prior period 31 March 2015 figures in brackets) Financial Performance of Stride Property Limited to 31 March 2016 • Operating profit before other income and income tax of $44.7m ($39.6m) • Net profit after income tax of $92.4m ($68.8m) • Distributable profit¹ after income tax of $37.1m o

  6. Slide 6: Highlights: Portfolio

    Highlights (Prior period 31 March 2015 figures in brackets) Portfolio highlights as at 31 March 2016 • Net 5.2% property portfolio valuation increase¹ Net valuation increase • Net Tangible Assets (NTA) backing per share increased to $1.97 ($1.81) • Occupancy at 99.6% (96.6%) +5.2% • Weighted Average

  7. Slide 7: Stapled Structure

    Stapled Structure Purpose Provides greater flexibility for investment structure and facilitates and enables • growth in real estate investment management (“REIM”) business • Ensures Stride is “fit for purpose” to deliver on its strategy, while retaining its PIE status Structure • Stride Property Lim

  8. Slide 8: FY17 First Quarter Cash Dividend

    FY17 First Quarter Cash Dividend • First quarter cash dividend for FY17 of 2.72 cps in line with guidance of 9.96 cps for the full year for the Stapled Group as provided in the Explanatory Memorandum • Imputation credits of 0.7958 cps • Record date of 13 September, with payment to shareholders on 21

  9. Slide 9: B. Chief Executive's Address

    B. Chief Executive’s Address 9

  10. Slide 10: New Corporate Identity "STRIDE"

    New Corporate Identity “STRIDE” • “The taking of deliberate steps towards a known destination” • Name captures the culture of the company, the vision shared by the team and the ambitious goals that we have achieved to date • To stride purposefully is synonymous with setting a goal and going after it

  11. Slide 11: Financial Performance

    Financial Performance Consolidated Group Change Actual Actual 31 Mar 2016 31 Mar 2015 ($ millions) ($ millions) $ millions % Net rental income 69.3 57.2 12.0 21.0 Management fee income 1.8 1.5 0.3 23.7 Corporate expenses (8.4) (6.1) (2.3) (36.8) Operating profit before net finance expenses, other in

  12. Slide 12: Portfolio Summary

    Portfolio Summary Overview As at 31 Mar 2016 As at 31 Mar 2015 Properties 59 41 Tenants 415 281 Net Lettable Area (m2) 432,337 334,694 WALT (years) 7.9 5.1 Occupancy Rate (by area) 99.6% 96.6% Portfolio Value $1,274.8m $872.4m Stride Property Group - Annual Meetings - 29 August 2016 12

  13. Slide 13: Stride Stapled Structure

    Stride Stapled Structure NZX Listing Shares stapled and 1 Share 1 Share transferable together 1 Stapled structure Stride REIM business Property (SIML) 1 Property owning REIM business Management managing Stride company holding all of contract properties and other Stride’s properties property portfoli

  14. Slide 14: Investore

    Investore Key metrics Properties throughout New 39 Zealand Tenants 75 Net Lettable Area 173,503 (sqm) Occupancy rate 99.7% Net Contract Rental $42.9m WALT (years) 14.8 Independent $641.4m valuation Investore will comprise a portfolio of 39 Large Format Retail properties in the main urban areas throu

  15. Slide 15: Stride

    Stride • Stride had experienced phenomenal growth, particularly in the context of the recent history of the New Zealand listed property sector • At the beginning of the 2016 year Stride owned or managed assets valued at $972m • Our combined portfolio under management will be over $2 billion – approx

  16. Slide 16: Diversified NZ Property Trust

    Diversified NZ Property Trust • Wholesale investment vehicle managed by SIML, acquired the Westfield Queensgate Shopping Centre in Wellington and the Westfield Chartwell Shopping Centre in Hamilton for $445m on 22 August 2016 • This transaction marked a milestone in Stride Property Group’s approach

  17. Slide 17: Development Projects

    Development Projects NorthWest Shopping Centre NorthWest Two • Opened 1 October 2015 • Due to open on 29 September 2016 • Features 100 retail stores, 1,100 car parks, a 8,000m² • Will comprise four separate buildings offering 7,700m² of Farmers flagship store and a 4,200m² Countdown retail, dining a

  18. Slide 18: C. Financial Statements

    C. Financial Statements 18

  19. Slide 19: Financial Statements

    Financial Statements • Questions on the financial statements for the year ended 31 March 2016? Stride Property Group - Annual Meetings - 29 August 2016 19

  20. Slide 20: D. Ordinary Resolution for Stride Property Limited

    D. Ordinary Resolution for Stride Property Limited 20

  21. Slide 21: Resolution

    Resolution • Resolution – Re-appointment of auditor “That the re-appointment of PricewaterhouseCoopers as auditor of Stride be recorded and the directors be authorised to fix the auditor’s fees and expenses.” Stride Property Group - Annual Meetings - 29 August 2016 21

  22. Slide 22: E. Ordinary Resolutions for Stride Investment Management Limited

    E. Ordinary Resolutions for Stride Investment Management Limited 22

  23. Slide 23: Resolution 1

    Resolution 1 • Resolution 1 – Appointment of auditor “That PricewaterhouseCoopers be appointed as auditor of SIML and the directors be authorised to fix the auditor’s fees and expenses.” Stride Property Group - Annual Meetings – 29 August 2016 23

  24. Slide 24: Resolution 2

    Resolution 2 • Resolution 2 – Appointment of director “That Michael Peter Stiassny be re-elected as a director of SIML pursuant to clause 22.3 of the Constitution of SIML.” Stride Property Group - Annual Meetings – 29 August 2016 24

  25. Slide 25: Resolution 3

    Resolution 3 • Resolution 3 – Appointment of director “That David Gregory van Schaardenburg be re-elected as a director of SIML pursuant to clause 22.3 of the Constitution of SIML.” Stride Property Group - Annual Meetings – 29 August 2016 25

  26. Slide 26: F. General Business

    F. General Business 26

  27. Slide 27: Thank you

    Thank you Important Notice: The information in this presentation is an overview and does not contain all information necessary to make an investment decision. It is intended to constitute a summary of certain information relating to the performance of Stride Property Limited for the twelve months en

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