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Annual Meeting of Shareholders
For the year ended 31 March 2017
Annual Meeting of Shareholders 20 17 Annual Meeting of Shareholders - - PowerPoint PPT Presentation
Annual Meeting of Shareholders 20 17 Annual Meeting of Shareholders - - PowerPoint PPT Presentation
Annual Meeting of Shareholders 20 17 Annual Meeting of Shareholders For the year ended 31 March 2017 Chairm ans Welcom e NPT Board and Managem ent Allen Bollard Bruce Cotterill NON-EXECUTIVE INDEPENDENT CHAIRMAN DIRECTOR Carol Campbell
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Chairm an’s Welcom e
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NPT Board and Managem ent
Bruce Cotterill
CHAIRMAN
Carol Campbell
NON-EXECUTIVE INDEPENDENT DIRECTOR
Allen Bollard
NON-EXECUTIVE INDEPENDENT DIRECTOR
Paul Duffy
NON-EXECUTIVE DIRECTOR
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Heading goes here
1. Introduction 0 2. Chairm an’s Welcom e 0 3. Chief Executive’s Address (by Bruce Cotterill) 0 4. Chairm an’s Address 0 5. Resolutions 0 6. General Business
Agenda
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Chief Executive’s Address
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Heading goes here Financial Results
- Net Profit After Tax $3.1m .
- Net Rental Incom e increased by 2.62%.
- NPT’s Distributable Profit in line with forecasts.
- Total Cash Distribution for the year 3.6 cents per share.
- Dividend a m inim um of 3.6 cents per share.
- NPT’s total property portfolio $174.35m .
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Heading goes here Eastgate Shopping Centre, Christchurch
- NPT’s largest asset by value.
- Adding com m unity based services –
known as “The Loft”.
- Working on planning a child care
centre to add to services.
- Market value $59.5m .
- Occupancy 96%.
- WALT (Weighted Average Lease
Term ) 4.5 years.
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Heading goes here 99 Albert Street, Auckland
- Located cnr Albert and Victoria
Streets, central Auckland.
- Enhanced by construction of
International Convention Centre and the City Rail Link.
- AA Insurance relocating in February
20 18 .
- Market value $40 .8 5m .
- Occupancy 99%.
- WALT 1.95 years.
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Heading goes here Elwood Road, Hastings
- Opportunity to explore
expansion to accom m odate Heinz Wattie’s growth.
- Market value $27m .
- Occupancy 10 0 %.
- WALT 9.8 years
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Heading goes here 22 Stoddard Road, Auckland
- Anchored by The Warehouse.
- Full occupancy restored.
- Market value $36m .
- Occupancy 10 0 %.
- WALT 4.9 years.
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Heading goes here 17 Print Place, Christchurch
- Close proxim ity to Christchurch
city.
- Market value $11m .
- Occupancy 77.8 1%.
- WALT of 1.3 years.
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Chairm an’s Address
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Heading goes here Chairm an’s Address
- Bruce Cotterill, Allen Bollard and Paul Duffy appointed at Special
Meeting of Shareholders, April 20 17.
- Shareholders m ade it clear they were seeking change.
- The Board are working on a num ber of initiatives that would
deliver better returns to shareholders.
- Shareholders can expect a series of announcem ents in the near
future.
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Resolutions
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Heading goes here Resolution 1
That Carol Campbell be re-elected as a Director of NPT Limited
- Carol Campbell joined the Board of NPT in May 2015.
- A Chartered Accountant and a member of the Chartered
Accountants Australia and NZ.
- Carol has extensive financial experience and a sound
understanding of efficient Board governance.
- Carol holds a number of directorships including T&G Global, New
Zealand Post, NZME and the Fisher Listed Investment Companies – Kingfish, Barramundi and Marlin Global.
- Carol is also a Director of Kiwibank and Chair of Ronald McDonald
House Charities in New Zealand.
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Heading goes here Resolution 2
To authorise the Directors to fix the fees and expenses of the Auditor of the Company
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