Gpt Group · ASX:GPT

Gpt — General Property Trust — FY2000 Earnings Presentation

25 slides from Gpt's earnings presentation, 2001

  1. Slide 1: General Property Trust 2000 Full Year Results

    General Property Trust 2000 Full Year Results Nic Lyons, CEO

  2. Slide 2: A productive year which delivered on the strategy

    “A productive year which delivered on the strategy and leaves GPT in a strong position” General Property Trust

  3. Slide 3: GPT's Goals

    GPT’s Goals • Secure EPU, with growth • Competitive total returns • Liquidity/Broad demand for units • Reputation General Property Trust

  4. Slide 4: Strategy

    Strategy • Increasing the earnings of the Trust • Active but prudent capital management • Growth in assets through acquisition and redevelopment • Constant review of portfolio structure • Ownership and development of quality properties General Property Trust

  5. Slide 5: Profit and Loss

    Profit and Loss 31 Dec 99 31 Dec 00 ($m) ($m) Revenue Property Income 438.5 495.0 Interest 4.6 4.9 Proceeds on Disposal 175.5 - Dividends/Share Net Profits/Other 9.8 25.2 Total Revenue 628.4 525.1 Expenses Property Outgoings 100.7 116.1 Repairs/Audit/Other 11.7 13.3 Provision for Doubtful Debts 0.1

  6. Slide 6: Balance Sheet

    Balance Sheet 31 Dec 99 31 Dec 00 ($m) ($m) Cash 124.0 33.9 Receivables 31.9 64.8 Other 12.3 7.9 Investment Properties/Other 4,611.5 5,361.0 Total Assets 4,779.7 5,467.6 Current Liabilities Payables 77.1 96.0 Interest Bearing Liabilities 300.0 347.0 Provisions 73.8 86.0 Non-Current Liabilities Inter

  7. Slide 7: Income up again

    Income up again 1997 1998 1999 2000 Distribution (cpu) 19.7 19.1 19.1 19.3 Capital Component (cpu) 1.7 0.7 0.24 0.0 Income (cpu) 18.0 18.4 18.86 19.30 Growth 2.2% 2.5% 2.3% NTA per unit $2.45 $2.51 $2.51 $2.53 General Property Trust

  8. Slide 8: The future...

    The future... • Existing portfolios - capacity to deliver • Property fundamentals strong • All portfolios well positioned • Focus on opportunities for outperformance General Property Trust

  9. Slide 9: Total value $5.36 bn

    Total value $5.36 bn Industrial 2.4% Hotel/Tourism 7.7% Retail Office 51.6% 38.3% General Property Trust

  10. Slide 10: Retail

    Retail

  11. Slide 11: Retail portfolio drivers

    Retail portfolio drivers Dec 97 Dec 98 Dec 99 Dec 00 Total Centre Sales per sqm (A$) 4,985 5,149 5,048* 5,129** Total Centre Sales Growth (% p.a.) 2.4 3.3 3.6 1.6 * Adjusted for Wholesale Sales Tax ** NTS adjusted sales results using an index prepared by Jebb Holland Dimasi. General Property Trust

  12. Slide 12: Retail portfolio drivers

    Retail portfolio drivers Dec 97 Dec 98 Dec 99 Dec 00 Specialty/Annual Sales per sqm ($A) 6,719 7,073 7,384 7,223* Specialty Sales Growth (% p.a.) 2.8 5.0 5.1 2.2 Specialty Occupancy Costs (%) 14.9 14.1 13.8 14.5 * NTS adjusted sales results using an index prepared by Jebb Holland Dimasi. General Pro

  13. Slide 13: Retail developments

    Retail developments • Reformulation works complete - Carlingford - Dandenong • Focus on stronger assets - Erina - Sunshine Plaza - Forestway/Floreat - General General Property Trust

  14. Slide 14: Retail portfolio outlook

    Retail portfolio outlook • Growth - slower rate • E-business platform – progressive rollout • Accretive developments program General Property Trust

  15. Slide 15: Office

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  16. Slide 16: Office market exposures

    Office market exposures Canberra Perth 2.5% 2.2% Brisbane 15.8% Sydney 52.8% Melbourne 26.7% General Property Trust

  17. Slide 17: Office lease expiry profile (by area)

    Office lease expiry profile (by area) Vacant 2001 2000 2002 • 38,600m2 (10%) leased or renewed 2003 • 56,400 m2 (14.5%) rent reviews 2005+ 2004 • 2003 expiry reduced from 18.1% to 14.4% General Property Trust

  18. Slide 18: Office portfolio in strong position

    Office portfolio in strong position Offices Occ Term Passing/ Market/ Value (%) m2 m2* (per m2) Australia Square (50%) 100 3.0 551 581 6,500 580 George 100 3.6 362 394 5,300 MLC Centre (50%) 99 5.6 594 594 8,100 Tattersalls 100 2.2 417 429 4,900 Melbourne Central (97.1%) 100 6.4 380 364 3,700 530 Co

  19. Slide 19: Industrial

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  20. Slide 20: Industrial portfolio

    Industrial portfolio • Portfolio reweighted • Fully leased • 19,000 sqm leased/renewed • Acquisitions • Development opportunity • Outlook sound General Property Trust

  21. Slide 21: Hotel/Tourism

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  22. Slide 22: Hotel/Tourism portfolio

    Hotel/Tourism portfolio • Ayers Rock Resort – continuing strong performance – expansion underway • Four Points Hotel – delivering on acquisition commerce – refurbishment underway • Centra Brisbane – refurbishment complete General Property Trust

  23. Slide 23: Hotel/Tourism portfolio outlook

    Hotel/Tourism portfolio outlook • Growth in international visitation • No major supply General Property Trust

  24. Slide 24: GPT well positioned

    GPT well positioned • Positive contribution from all portfolios • Portfolio well positioned to deliver next year • Property fundamentals sound • Strong financial position • High liquidity • Distributions only comprise income • Good access to capital at competitive rates • High skill base - results f

  25. Slide 25: General Property Trust

    General Property Trust

General Property Trust — FY2000 Earnings Presentation on 6ix