MIW - Mackay /Isaac/ Whitsunday -Regional Projects Forum 29 th August 2019
Sentinel Overview Sentinel is focussed on opportunistic commercial property investments Assets Under Average Per $1 Sold assets Average L VR Average ICR Management Distribution Cash return $601m $1.201B 10.90% 52.1% 3.51 $1.77 * What we offer our investors: • Dependable monthly returns + capitalreturns • Investments open to high net worth investors • Sentinel intensively manage all aspects of the properties 2 * Sold Assets $601M -Average return across sold portfolio (25 properties)
Sentinel asset locations BULKYGOODS RETAIL INDUSTRIAL OFFICE AGRICULTURE INFRASTRUCTURE DEVELOPMENT 3
Sentinel sector allocations Diversified sector exposure Agriculture $23,100,000 2% Bulky Goods Retail $161,404,246 $243,350,000 14% 20% Development $11,231,995 1% Industrial $273,005,000 23% Office Infrastructure $472,161,937 $17,000,000 39% 1% 4
Current Mackay Portfolio Total Value $133.7m BCC Mackay Northpoint The Hub @ Paget Toll Homemaker Greenfields Purchased: Jun Purchased: Dec 2010 Purchased: Jun Constructed: Nov 2012 2012 2013 Roll Over: June Purchase Price: 2019 Purchase Price: Roll Over: August $9.25m $15.6m 2018 Purchase Price: Re-valued: $10.5m $9.9m Re-valued: $26.5m Purchase Price: $10.5m The Plaza @ The Village@ Sarina Port of Airlie Emerald Emerald Development Purchased: Sep Purchased: Dec Purchased: Dec Purchased: Apr 2015 2014 2014 2014 Purchase Price: Purchase Price: Purchase Price: Purchase Price: $15.30m $14.7m $18.3m $3.3m Re-valued: Re-valued: $16.0m Re-valued: $18.5m $17.0m River Street Paget Sandvik Paget Emeco Wood Street Purchased: Jun Purchased: May Purchased: Apr Purchased: Dec 2019 2018 2016 2018 Purchase Price: Purchase Price: Purchase Price: Purchase Price: $379k $10.25m $6.5m $3.5m Re-valued: $7.4m 5
Mackay Quiz What was unemployment at the worst of the downturn? 7.3% What is it now? 4.4% (March 2019) 6
Mackay Quiz 7
Are you Ready ? 8
Mackay - Sentinel Growth Fund Sentinel have recently acquired approx. 46,000sqm of vacant “development ready” industrial land in Paget 40 Gateway Drive, Paget – Speculative Development � 2,000m² (approx.) of high bay workshop/warehouse space, including office and store areas � 6,440m² site area with High Impact Industry zoning, allowing for a wide variety of uses and 24/7 operation � Final design and specifications can be tailored to suit occupier requirements at this stage (we are currently in the DA phase) � Expected completion date: mid-late 2020 9
Mackay - Sentinel Growth Fund 22 Gateway Drive, Paget � 7,000m² (approx.) of gravel hardstand suitable for heavy use and/or light vehicles � 7,350m² (approx.) site area adjoining the Emeco facility on the corner of Farrellys Road and Gateway Drive 26 Margaret Vella Drive, Paget � 4,700m² (approx.) of warehouse, office and showroom space (to be split into multiple tenancies) � 8,200m² (approx.) site area on a well located corner � Final design and specifications can be tailored to suit occupier requirements at this stage 10
Are you Ready ? 11
Are you Ready ? Like when the atom bomb went off – people didn’t hear the boom until a bit later…If you wait until someone says ‘boom’ then it is too late, it has already happened. You’ve got to be ahead. Daily Mercury 13 July 2019 12
Thank You – Warren Ebert “In the building practises of Ancient Rome, when scaffolding was removed from a completed roman arch, the engineer stood beneath. If the arch came crashing down, he was the first to know. Thus his concern for the quality of the arch was intensely personal, and it is not surprising that so many Roman arches have survived.” Seth Klarman 13
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