FY2017

RESULTS PRESENTATION

24 AUGUST 2017

www.apngroup.com.au ASX Code: APD

Overview

APN PROPERTY GROUP IS A SPECIALISTREAL ESTATE

INVESTMENT MANAGER:

COMMERCIAL PROPERTY

Philosophy

PROPERTY FOR INCOME

WesTrac Tomago, Newcastle NSW -Industria REIT

Approach

INVESTMENT

PERFORMANCE

OUTSTANDING

SERVICE

Puma Rutherford, NSW -Convenience Retail REIT

Business Model

MANAGEMENT FEES CO-INVESTMENT

INCOME

Coburg Hill Shopping Centre, Coburg North VIC

As at 30 June 2017

APN PROPERTY GROUP LIMITED

$2.6 BILLION FUM1

REAL ESTATE SECURITIES

$1,534 MILLION FUM

INDUSTRIA REIT

$640 MILLION FUM

CONVENIENCE RETAIL REIT

$308 MILLION FUM1

DIRECT PROPERTY

$125 MILLION FUM2

BALANCE SHEET $110 MILLION NET TANGIBLE ASSETS

► Established 1996

► 12 Funds, 100 properties1

► 45 Staff, Melbourne based

► Office, industrial, retail and other real estate investments

► Multiple strategies across listed and unlisted funds, direct and indirect (listed property securities) and institutional and retail investors

  1. Includes $113 million of asset acquisitions not complete at balance date but scheduled to settle before 31 October 2017 by Convenience Retail REIT (CRR) (as outlined in CRR PDS).

  2. Proforma FuM excludes funds that form part of Convenience Retail REIT (APN Retail Property Fund and APN Property Plus Portfolio)

OPERATING EARNINGS1

$7.3 million ▲95% (2.35 cents per share (cps)2)

FUM

$2.6 billion3▲19%

TOTAL SHAREHOLDER RETURN4 DIVIDENDS

1 year: 22.9%

3 years: 33.3% pa

2.00 cps fully franked ▲14% Interim: 1.25 cps

Final: 0.75 cps

Puma Kempsey South, NSW - Convenience Retail REIT

BALANCE SHEET

NTA: 35.1 cps

Cash: $18.6 million

WesTrac 1-3 Westrac Dr, Tomago NSW - Industria REIT

  1. Operating earnings is an unaudited after tax metric used by management as the key performance measurement of underlying performance of the Group. It adjusts statutory profit for certain non-operating items recorded in the income statement including minority interests, discontinued operations (Europe and Healthcare), business development expenses and realised / unrealised fair value movements on the Group's co-investments and investment properties.

  2. Proforma Operating EPS on a diluted basis with adjustment for statutory accounting treatment of special dividend paid in period - refer below and Note 15 of financial statements for details and reconciliation.

  3. Includes $113 million of asset acquisitions not complete at balance date but scheduled to settle before 31 October 2017 by Convenience Retail REIT (CRR) (as outlined in CRR PDS). Excluding this FuM would be $2.5 billion and growth for the year would be 14%.

  4. Per annum as at 30 June 2017. Includes reinvestment of dividends at market price on dividend payment date and divisor adjustment for standardised calculation where required

  5. Includes cash held in trust for underlying funds managed by the Group of $0.6 million and $5.0 million for AFS Licences.

APN Property Group Limited published this content on 24 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 07:07:07 UTC.

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