27-49 LENORE DR, ERSKINE PARK, NSW GROWTHPOINT PROPERTIES AUSTRALIA (ASX CODE: GOZ) HALF YEAR RESULTS PRESENTATION Six months ended 31 December 2013 17 February 2014 Growthpoint Properties Australia Trust ARSN 120 121 002 Growthpoint Properties Australia Limited ABN 33 124 093 901 AFSL 316409
IMPORTANT INFORMATION DISCLAIMER rules and regulations of the U.S. Securities and Exchange Commission. Forward-looking statements including projections, indications or guidance Investors should also be aware that certain fjnancial data included in this on future earnings or fjnancial position and estimates are provided as This presentation and its appendices (“Presentation”) is dated 17 February Presentation is “non-IFRS fjnancial information” under ASIC Regulatory a general guide only and should not be relied upon as an indication 2014 and has been prepared by Growthpoint Properties Australia Limited Guide 230 Disclosing non-IFRS fjnancial information published by the or guarantee of future performance. Should one or more of the risks ACN 124 093 901 (both in its capacity as responsible entity of Growthpoint Australian Securities and Investments Commission (“ASIC”) and “non- or uncertainties materialize, or should underlying assumptions prove Properties Australia Trust ARSN 120 121 002 and in its own capacity). GAAP fjnancial measures” under Regulation G of the U.S. Securities incorrect, there can be no assurance that actual outcomes will not differ Units in Growthpoint Properties Australia Trust are stapled to shares in Exchange Act of 1934, as amended. These measures include distributions materially from these statements. To the fullest extent permitted by Growthpoint Properties Australia Limited and, together form Growthpoint per Security, Gearing, net tangible assets, net tangible assets per Security, law, Growthpoint and its directors, offjcers, employees, advisers, agents Properties Australia (“Growthpoint”). By receiving this Presentation, you EPS yield, DPS yield, capitalisation rates and distribution yield. The and intermediaries disclaim any obligation or undertaking to release are agreeing to the following restrictions and limitations. disclosure of such non-GAAP fjnancial measures in the manner included any updates or revisions to the information to refmect any change in in this Presentation would not be permissible in a registration statement expectations or assumptions. SUMMARY INFORMATION under the U.S. Securities Act of 1933, as amended (“Securities Act”). An investment in the Securities and the outcome of the matters referred to This Presentation contains summary information about Growthpoint. Growthpoint believes these non-IFRS fjnancial information and non-GAAP in forward-looking statements are subject to investment and other known The information is subject to change without notice and does not purport fjnancial measures provide useful information to users in measuring the and unknown risks, some of which are beyond the control of Growthpoint, to be complete or comprehensive. It does not purport to summarise all fjnancial performance and conditions of Growthpoint. The non-IFRS including possible delays in repayments and loss of income and principal information that an investor should consider when making an investment fjnancial information and these non-GAAP fjnancial measures do not have invested. Growthpoint does not guarantee any particular rate of return or decision. It should be read in conjunction with Growthpoint’s other a standardised meaning prescribed by Australian Accounting Standards the performance of Growthpoint nor do they guarantee the repayment of periodic and continuous disclosure announcements lodged with the ASX, and, therefore, are not measures of fjnancial performance, liquidity or value capital from Growthpoint or any particular tax treatment. Persons should which are available at www.asx.com.au. under the IFRS or U.S. GAAP and may not be comparable to similarly titled have regard to the risks outlined in this Presentation. measures presented by other entities, nor should they be construed as The information in this Presentation has been obtained from or based on an alternative to other fjnancial measures determined in accordance with sources believed by Growthpoint to be reliable. To the maximum extent PAST PERFORMANCE Australian Accounting Standards. Investors are cautioned, therefore, not to permitted by law, Growthpoint, and it affjliates, offjcers, employees, agents Past performance information given in this Presentation is given for place undue reliance on any non-IFRS fjnancial information or non-GAAP and advisors do not make any warranty, express or implied, as to the illustration purposes only and should not be relied upon as (and is not) an currency, accuracy, reliability or completeness of the information in this fjnancial measures and ratios included in this Presentation. indication of future performance. Actual results could differ materially Presentation and disclaim all responsibility and liability for the information In addition, this Presentation contains some pro forma fjnancial from those referred to in this Presentation. (including, without limitation, liability for negligence). information. The pro forma fjnancial information does not purport to be in compliance with Article 11 of Regulation S-X of the Rules of the U.S. NOT AN OFFER NOT FINANCIAL PRODUCT ADVICE Securities and Exchange Commission. This Presentation is not an offer or an invitation to acquire new Securities This Presentation is not fjnancial product advice or a recommendation to or any other fjnancial products and is not a prospectus, product disclosure FUTURE PERFORMANCE acquire Growthpoint stapled securities (“Securities”). It has been prepared statement or other offering document under Australian law or any other without taking into account any investor’s objectives, fjnancial position, This Presentation contains “forward-looking” statements. Forward-looking law. It is for information purposes only. This Presentation may not situation or needs. Therefore, before making an investment decision, statements can generally be identifjed by the use of forward-looking words be distributed or released in the United States. This Presentation does investors should consider the appropriateness of the information in this such as “anticipated”, “expected”, “projections”, ‘guidance’, ‘forecast”, not constitute an offer to sell, or the solicitation of an offer to buy, any Presentation and have regard to their own objectives, fjnancial situation “estimates”, “could”, “may”, “target”, “consider”, and “will” and other securities in the United States. and needs. Investors should seek such fjnancial, legal or tax advice as they similar expressions and include, but are not limited to, earnings and deem necessary or consider appropriate for their particular jurisdiction. distributions guidance, change in NTA, and expected gearing. Forward Growthpoint Properties Australia Limited is not licensed to provide looking statements, opinions and estimates are based on assumptions and fjnancial product advice. contingencies which are subject to certain risks, uncertainties and change without notice, as are statements about market and industry trends, which FINANCIAL INFORMATION are based on interpretations of current market conditions. All information is in Australian dollars. Investors should note that this Presentation contains pro forma historical fjnancial information. The pro forma historical fjnancial information included in this Presentation does not purport to be in compliance with Article 11 of Regulation S-X of the GROWTHPOINT PROPERTIES AUSTRALIA 2 HALF YEAR RESUL TS – SIX MONTHS ENDED 31 DECEMBER 2013 | 17 FEBRUARY 2014
CONTENTS EXECUTIVE HIGHLIGHTS FOR THE HALF YEAR 4 MANAGEMENT TEAM FINANCIAL RESULTS Financial Results 6 Movements in Net Tangible Assets per Stapled Security 7 Debt Management – Interest Rate Hedging 8 Debt Management – Gearing 9 EQUITY & SECURITYHOLDERS $150 Million Equity Raising 11 Equity Capital 12 Securityholder Returns 13 Comparative Returns 14 TIMOTHY COLLYER AARON HOCKLY Managing Director Company Secretary PROPERTY PORTFOLIO & General Counsel Property Portfolio Overview 16 Property Portfolio - Key Metrics 18 Leasing 19 New Property Acquisitions 20 CONCLUSION Investment case for GOZ 22 Outlook & Strategy 23 APPENDICES Appendix 1 – Growthpoint Properties Limited (GRT) – South Africa 25 DION ANDREWS MICHAEL GREEN Appendix 2 – Distributable Income 26 Chief Financial Officer Portfolio Manager Appendix 3 – Financial Position 28 Appendix 4 – Top 20 Legal Securityholders 29 GLOSSARY 30 GROWTHPOINT PROPERTIES AUSTRALIA 3 HALF YEAR RESUL TS – SIX MONTHS ENDED 31 DECEMBER 2013 | 17 FEBRUARY 2014
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