ALE Property : Results for Year Ended 30 June 2017 - Presentation Opens in a new Window

FY17 Full Year Results - 8 August 2017

Anglers Arms Hotel, Southport, QLD

1

• Highlights

• FY17 Results

• Properties and Development Updates

• Capital Management

• FY18 Outlook

• Attractive Investment Proposition

• Attachments

  Crows Nest Hotel, Sydney, NSW

  ALE Property Group

  Delivering Value

  High quality properties

• Growing, long term and secure income

• Triple net leases

• Metro locations

• Operated as pubs for average 60+ years

  Strong and cost effective governance

• Experienced Board and management team

• Continuing Board renewal

• One of lowest management expense ratios in sector

  2018

  Low risk capital structure

• Investment grade credit rating

• Long term and diversified funding maturities

• Long term hedging

  FY18 outlook

• Increasing distributions

• Distributions expected to be fully tax deferred

• Positive prospects for upcoming market rent reviews

• Continuing review of development opportunities

Year to 30 June 2017

$1,080.2m

Statutory property values

42.7%

Net gearing

$29.0m

Distributable profit

5.14%

Average capitalisation rate

4.7 years

Average debt maturity

20.40 cps

Distribution

11.3 years

Average Lease Term

8.4 years

Hedge maturity

100%

Distribution tax deferred

1.5%

Rental income growth

4.26%

All up cash interest rate

$914.2m

ASX Market Capitalisation

100%

Occupancy

Baa2

Investment grade rating

21.8% p.a.

Total return since 2003 IPO

Capitalisation rates, lease terms, interest rates, maturity terms and rental growth rates are all weighted averages. Specific definitions are on other pages or in the statutory accounts.

Results are for the year ending or as at 30 June 2017 and arrows indicate the movements since 30 June 2016.