Stride Property Group · NZX:SPG
Stride Property — Shareholder Meeting (2021)
33 slides from Stride Property's shareholder meeting presentation, 2021
Slide 1: Stride Property Group Annual Shareholder Meetings 2021
Stride Property Group Annual Shareholder Meetings 2021 Stride Property Group Annual Shareholder Meetings 2021 0
Slide 2: Question Process
Question Process Written Questions To submit questions during the meeting: • select the Q&A tab on the right half of your screen • type your question into the field • press submit Help The Q&A tab can also be used for immediate help. If you need assistance, please submit your query in the same manne
Slide 3: Voting Process
Voting Process You will be able to vote once the voting has been opened. To vote: • click on the Vote tab • select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each resolution Your vote has been cast when the tick appears. To change your
Slide 4: Boards of Directors
Boards of Directors Tim Storey John Harvey Michelle Tierney Nick Jacobson Chair of Board, Chair of Audit and Risk Independent Independent Independent Committee, Independent Philip Ling Jacqueline Cheyne Ross Buckley Independent Independent Independent Stride Property Group Annual Shareholder Meeting
Slide 5: Management
Management Philip Littlewood Jennifer Whooley Louise Hill Chief Executive Officer Chief Financial Officer Company Secretary The Stride Investment Management Limited (SIML) executive team comprises a team of nine, led by Chief Executive Officer Philip Littlewood The most recent addition to the team i
Slide 6: Agenda
Agenda Chair’s Address Chief Executive Officer’s Presentation Consideration of Annual Report and consolidated financial statements for FY21 Resolutions for Stride Property Limited Resolutions for Stride Investment Management Limited General business and final questions 20 Customhouse Quay, Wellingto
Slide 7: Chair's Address
Chair’s Address FY21 Growth in earnings - Distributable Profit1 Per Share 11.58cps2 1 (DPPS) Up 12.2% on FY20 Strong focus on managing impacts of COVID-19 resulting $0.3m benefit 2 in positive benefit to FY21 Distributable Profit1 Execution of strategy to grow Total AUM of $3.4bn3 3 at 31 July 2021
Slide 8: FY21 Financial Highlights
FY21 Financial Highlights Profit after income tax from continuing operations $132.0m Distributable profit1 after current income tax $46.3m Distributable profit per share 11.58c COVID-19 impact on distributable profit +0.3m 20 Customhouse Quay, Wellington 1. See definition of Distributable Profit on
Slide 9: Growth in Investment Management Business
Growth in Investment Management Business The growth in Stride’s assets under management has contributed to higher management fee income1 for FY21 of $25.1m, materially higher than FY20 ($18.3m) Portfolio grown over $430m to $693m (including acquisitions and developments) since 2019 48 Wilkinson Road
Slide 10: Office Portfolio
Office Portfolio Stride has developed a high quality office portfolio, growing the portfolio from $186.1 million as at 31 March 2020 to $757 million as at 31 July 2021 11 $757m 6.3 years properties portfolio WALT value1 72% 60% 98.3% Prime or Green Occupancy A grade Assets All metrics are as at 31 J
Slide 11: Products
Products Portfolio composition by value as at 31 July 20211 Committed developments and acquistions² $1,140m Town Centre $1,067m $0m $74m Office $310m $693m $47m $502m $1,066m $37m $757m $646m $466m Office and Sector focus: Large Format Retail Retail Shopping Centres Industrial Town Centre Entity str
Slide 12: Growth in SIML's Assets Under Management
Growth in SIML’s Assets Under Management Stride Investore Diversified Industre Office $3,402m $3,244m $3,003m $757m $757m $610m $2,079m $693m $466m $646m $523m $466m $502m $1,038m $660m $896m $116m $1,066m $1,140m $780m $895m $890m $310m $310m 2 FY14 FY17 FY21 Jul-21 Pro forma 3 committed Pre-Invest
Slide 13: Sustainability
Sustainability • Board Sustainability Committee established, chaired by Director Jacqueline Cheyne • BraveGen software implemented to track and report on greenhouse gas emissions and resource usage • Detailed climate risk assessment underway Sustainability Strategic Plan Purpose – To Create Enduring
Slide 14: Sustainable Developments
Sustainable Developments 22 The Terrace, Wellington Waste Management Auckland Headquarters Sustainability initiatives incorporated as part of This world class Auckland headquarters built by this refurbishment project, targeting 5 Star Stride, now owned by Industre, triumphed at the Green Star - Offi
Slide 15: Outlook and Strategic Focus
Outlook and Strategic Focus 46 Sale Street, Auckland Stride will continue to pursue its strategy of growing its assets under management • Dividend guidance for FY22 of 9.91cps, assuming no further economic deterioration associated with COVID-19 • Continue to support growth in existing Products • Mon
Slide 16: Formal Business
Formal Business Stride Property Group Annual Shareholder Meetings 2021 15
Slide 17: Voting Process
Voting Process You will be able to vote once the voting has been opened. To vote: • click on the Vote tab • select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each resolution Your vote has been cast when the tick appears. To change your
Slide 18: Stride Property Limited Resolutions
Stride Property Limited Resolutions Stride Property Group Annual Shareholder Meetings 2021 17
Slide 19: Resolution 1 – Auditor's Remuneration
Resolution 1 – Auditor’s Remuneration That the Directors be authorised to fix the remuneration of PricewaterhouseCoopers as auditor of Stride Property Limited for the ensuing year Stride Property Group Annual Shareholder Meetings 2021 18
Slide 20: Resolution 2 – Ratification of Previous Issue of Shares
Resolution 2 – Ratification of Previous Issue of Shares Under a Placement That the previous issue under NZX Listing Rule 4.5.1 of 84,112,150 fully paid ordinary shares in Stride Property Limited to investors at an issue price of $2.14 per stapled security (comprising one share in Stride Property Lim
Slide 21: SPL Proxy Votes Received
SPL Proxy Votes Received Resolution 1: Auditor’s Remuneration Proxy Votes Lodged For Against Discretionary 212,130,420 96.44% 0.10% 3.46% Resolution 2: Ratification of previous issue of shares under a placement Proxy Votes Lodged For Against Discretionary 163,635,779 89.73% 5.94% 4.33% Stride Proper
Slide 22: Stride Investment Management Limited Resolutions
Stride Investment Management Limited Resolutions Stride Property Group Annual Shareholder Meetings 2021 21
Slide 23: Resolution 1 – Auditor's Remuneration
Resolution 1 – Auditor’s Remuneration That the Directors be authorised to fix the remuneration of PricewaterhouseCoopers as auditor of Stride Investment Management Limited for the ensuing year Stride Property Group Annual Shareholder Meetings 2021 22
Slide 24: Resolution 2 – Re-election of Director
Resolution 2 – Re-election of Director John Harvey That John Harvey be re-elected as a Director of Stride Investment Management Limited John Harvey Chair of Audit and Risk Committee, Independent Stride Property Group Annual Shareholder Meetings 2021 23
Slide 25: Resolution 3 – Re-election of Director
Resolution 3 – Re-election of Director Nick Jacobson That Nick Jacobson be re-elected as a Director of Stride Investment Management Limited Nick Jacobson Independent Stride Property Group Annual Shareholder Meetings 2021 24
Slide 26: Resolution 4 – Election of Director
Resolution 4 – Election of Director Ross Buckley That Ross Buckley be elected as a Director of Stride Investment Management Limited Ross Buckley Independent Stride Property Group Annual Shareholder Meetings 2021 25
Slide 27: Resolution 5 – Ratification of Previous Issue of Shares
Resolution 5 – Ratification of Previous Issue of Shares Under a Placement That the previous issue under NZX Listing Rule 4.5.1 of 84,112,150 fully paid ordinary shares in Stride Investment Management Limited to investors at an issue price of $2.14 per stapled security (comprising one share in Stride
Slide 28: Resolution 6 – Directors' Remuneration
Resolution 6 – Directors’ Remuneration Table 1: Proposed Director Fee Increase Current Proposed Aggregate1 Aggregate1 Director Fees Director Fees Proposed Proposed per annum per annum Increase ($) Increase (%) Chair $167,500 $172,500 +$5,000 +3.0% Non-executive Directors $96,000 $97,500 +$1,500 +1.6
Slide 29: Resolution 6 – Directors' Remuneration
Resolution 6 – Directors’ Remuneration That, in accordance with NZX Listing Rule 2.11.1, the amount payable to any person who from time to time holds office as a Director of Stride Investment Management Limited be increased as set out in Table 1 contained in the Explanatory Notes to the Notice of Me
Slide 30: SIML Proxy Votes Received
SIML Proxy Votes Received Resolution 1: Auditor’s Remuneration Proxy Votes Lodged For Against Discretionary 212,111,014 96.42% 0.10% 3.47% Resolution 2: Re-election of Director John Harvey Proxy Votes Lodged For Against Discretionary 212,124,674 96.25% 0.27% 3.49% Resolution 3: Re-election of Direct
Slide 31: SIML Proxy Votes Received (cont)
SIML Proxy Votes Received (cont) Resolution 4: Election of Director Ross Buckley Proxy Votes Lodged For Against Discretionary 212,110,786 96.46% 0.03% 3.51% Resolution 5: Resolution 2: Ratification of previous issue of shares under a placement Proxy Votes Lodged For Against Discretionary 163,678,918
Slide 32: General Business and Shareholder Questions
General Business and Shareholder Questions Stride Property Group Annual Shareholder Meetings 2021 31
Slide 33: Thank You
Thank You Important Notice: The information in this presentation is an overview and does not No representation or warranty, express or implied, is made as to the accuracy, contain all information necessary to make an investment decision. It is intended to adequacy or reliability of any statements, e