Annual Shareholder Meetings 2021

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Stride Property Group Annual Shareholder Meetings 2021
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Stride Property Group
Annual Shareholder Meetings 2021

Stride Property Group Annual Shareholder Meetings 2021
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Written Questions
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Stride Property Group Annual Shareholder Meetings 2021
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Stride Property Group Annual Shareholder Meetings 2021
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Boards of Directors
Tim Storey
Chair of Board,
Independent
John Harvey
Chair of Audit and Risk
Committee, Independent
Michelle Tierney
Independent
Philip Ling
Independent
Jacqueline Cheyne
Independent
Ross Buckley
Independent
Nick Jacobson
Independent

Stride Property Group Annual Shareholder Meetings 2021
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Management
Philip Littlewood
Chief Executive Officer
Jennifer Whooley
Chief Financial Officer
The Stride Investment Management Limited (SIML) executive team comprises a team of nine, led by Chief
Executive Officer Philip Littlewood
The most recent addition to the team is Jessica Rod, appointed to the role of General Manager -Office in
September 2021
Louise Hill
Company Secretary

Stride Property Group Annual Shareholder Meetings 2021
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Agenda
Chair’s Address
Chief Executive Officer’s Presentation
Consideration of Annual Report and
consolidated financial statements for FY21
Resolutions for Stride Property Limited
Resolutions for Stride Investment Management
Limited
General business and final questions
20 Customhouse Quay, Wellington

Stride Property Group Annual Shareholder Meetings 2021
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Chair’s Address
1.See definition of Distributable Profit on page 156 of Stride’s annual report for the year ended 31 March 2021.
2.Based on weighted average number of shares.
3.Includes committed acquisitions and developments.
4.Net of management fees received from SPL.
1
FY21 Growth in earnings -Distributable Profit
1
Per Share
(DPPS)
2
Strong focus on managing impacts of COVID-19 resulting
in positive benefit to FY21 Distributable Profit
1
3
Execution of strategy to grow
Assets Under Management (AUM)
4
Growth in management fee income
4
in FY21
5
Continued focus on sustainability
11.58cps
2
Up 12.2% on FY20
$0.3m benefit
$25.1m
Up $6.8m on FY20
Total AUM of $3.4bn
3
at 31 July 2021
Board Committee
Established

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1.See definition of Distributable Profit on page 156 of Stride’s annual report for the year ended 31 March 2021.
FY21 Financial Highlights
COVID-19 impact on distributable profit
+0.3m
Profit after income tax from continuing
operations
$132.0m
Distributable profit
1
after current income
tax
$46.3m
Distributable profit per share
11.58c
20 Customhouse Quay, Wellington

Stride Property Group Annual Shareholder Meetings 2021
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The growth in Stride’s assets under management has
contributed to higher management fee income
1
for FY21
of $25.1m, materially higher than FY20 ($18.3m)
Growth in Investment Management Business
1.Net of management fees received from SPL.
20 Customhouse Quay, Wellington
Countdown Petone –owned by Investore
Portfolio grown over $430m to $693m
(including acquisitions and developments)
since 2019
Portfolio valued in excess of $1bn, with
SIML’s management fee income benefiting
from this increased value
Strong leasing activity contributed to
management fee income
48 Wilkinson Road –owned by Industre

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Stride has developed a high qualityoffice portfolio,
growing the portfolio from $186.1 million as at31 March
2020 to $757 million as at31 July 2021
Office Portfolio
1.All office assets valued as at31 July 2021, except (1) 55 Lady Elizabeth Lane, Wellington which is valued as at31 March 2021; and (2) 22 The Terrace, Wellington, which is valued
as at31 August 2021 as if the current refurbishment works had been completed as at that date.
215 Lambton Quay, Wellington
11
properties
$757m
portfolio
value
1
72%
Prime or
A grade
60%
Green
Assets
6.3 years
WALT
98.3%
Occupancy
All metrics are as at31 July 2021 unless otherwise noted

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Sector focus:
Office and
Town Centre
Large Format RetailRetail Shopping CentresIndustrial
Entity structure:NZX listedNZX listedPrivate Trust Joint Venture
SPL investment:100%18.8%2%52.2%
Portfolio composition by value as at 31 July 2021
1
Products
1.All assets valued at 31 March 2021, except office assets which are valued as at 31 July 2021, except (1) 55 Lady Elizabeth Lane,Wellington which is valued as at 31 March 2021;
and (2) 22 The Terrace, Wellington, which is valued as at 31 August 2021 as if the current refurbishment works had been completed as at that date.
2.Includes Investore’sconditional acquisition of the property at WaimakJunction, Kaiapoi.
$757m
$310m
$466m
$1,066m
$0m
$646m
$74m
$37m
$47m
$1,067m
$1,140m
$502m
$693m
Committed developments and acquistions²
Town Centre
Office

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Growth in SIML’s Assets Under Management
Investore
established
Industre
established
1
Pre-Investore
1.As at 31 March 2021 excluding lease liabilities.
2.Includes completed acquisitions. All assets valued as at 31 March 2021, except office assets which are valued as at 31 July 2021, except (1) 55 Lady Elizabeth Lane, Wellington which is
valued as at 31 March 2021; and (2) 22 The Terrace, Wellington, which is valued as at 31 August 2021 as if the current refurbishment works had been completed as at that date.
3.Includes committed acquisitions and developments.
$780m
$895m
$890m
$310m
$310m
$660m
$1,038m
$1,066m
$1,140m
$116m
$523m
$466m
$466m
$502m
$610m
$646m
$693m
$757m
$757m
$896m
$2,079m
$3,003m
$3,244m
$3,402m
FY14FY17FY21Jul-21Pro forma
committed
StrideInvestore
DiversifiedIndustre
Office
2
3

Stride Property Group Annual Shareholder Meetings 2021
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•Board Sustainability Committee established, chaired by Director Jacqueline Cheyne
•BraveGensoftware implemented to track and report on greenhouse gas emissions and
resource usage
•Detailed climate risk assessment underway
Sustainability Strategic Plan
Purpose –To Create Enduring Shared Value
Sustainability
Contribute to a
resilient community
We want to provide leading health
and safety performance and
support a connected and inclusive
community
Protect the planet
We want to create efficient,
climate-resilient places that deliver
long term value and support a low
carbon future
Develop shared
prosperity
We want to foster long term
prosperity by investing in and
managing outstanding places that
reward everyone connected with
them

Stride Property Group Annual Shareholder Meetings 2021
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Sustainable Developments
22 The Terrace, Wellington
Sustainability initiatives incorporated as part of
this refurbishment project, targeting 5 Star
Green Star -Office Design and Built rating and
5 Star NABERSNZ rating
Waste Management Auckland Headquarters
This world class Auckland headquarters built by
Stride, now owned by Industre, triumphed at the
2020 Property Council New Zealand Awards

Stride Property Group Annual Shareholder Meetings 2021
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Stride will continue to pursue its strategy of
growing its assets under management
46 Sale Street, Auckland
Outlook and Strategic Focus
•Dividend guidance for FY22 of 9.91cps,
assuming no further economic deterioration
associated with COVID-19
•Continue to support growth in existing Products
•Monitor market conditions for establishment of
office fund

Stride Property Group Annual Shareholder Meetings 2021
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Formal Business

Stride Property Group Annual Shareholder Meetings 2021
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You will be able to vote once the voting has been
opened. To vote:
•click on the Vote tab
•select your voting direction from the options
shown on the screen. You can vote for all
resolutions at once or by each resolution
Your vote has been cast when the tick appears.
To change your vote, select ‘Change Your Vote’
Voting Process

Stride Property Group Annual Shareholder Meetings 2021
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Stride Property Limited Resolutions

Stride Property Group Annual Shareholder Meetings 2021
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That the Directors be authorised to fix the
remuneration of PricewaterhouseCoopers as
auditor of Stride Property Limited for the
ensuing year
Resolution 1 –Auditor’s Remuneration

Stride Property Group Annual Shareholder Meetings 2021
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That the previous issue under NZX Listing Rule 4.5.1 of
84,112,150 fully paid ordinary shares in Stride Property
Limited to investors at an issue price of $2.14 per stapled
security (comprising one share in Stride Property Limited
and one share in Stride Investment Management Limited)
on 1 December 2020 be approved and ratified for all
purposes, including NZX Listing Rule 4.5.1(c)
Resolution 2 –Ratification of Previous
Issue of Shares Under a Placement

Stride Property Group Annual Shareholder Meetings 2021
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SPL Proxy Votes Received
Resolution 1: Auditor’s Remuneration
Proxy Votes LodgedForAgainstDiscretionary
212,130,42096.44%0.10%3.46%
Resolution 2: Ratification of previous issue of shares under a placement
Proxy Votes LodgedForAgainstDiscretionary
163,635,77989.73%5.94%4.33%

Stride Property Group Annual Shareholder Meetings 2021
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Stride Investment Management Limited
Resolutions

Stride Property Group Annual Shareholder Meetings 2021
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That the Directors be authorised to fix the remuneration of
PricewaterhouseCoopers as auditor of Stride Investment
Management Limited for the ensuing year
Resolution 1 –Auditor’s Remuneration

Stride Property Group Annual Shareholder Meetings 2021
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That John Harvey be re-elected
as a Director of Stride Investment
Management Limited
Resolution 2 –Re-election of Director
John Harvey
John Harvey
Chair of Audit and Risk
Committee, Independent

Stride Property Group Annual Shareholder Meetings 2021
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That Nick Jacobson be re-elected
as a Director of Stride Investment
Management Limited
Resolution 3 –Re-election of Director
Nick Jacobson
Nick Jacobson
Independent

Stride Property Group Annual Shareholder Meetings 2021
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Ross Buckley
Independent
That Ross Buckley be elected as
a Director of Stride Investment
Management Limited
Resolution 4 –Election of Director
Ross Buckley

Stride Property Group Annual Shareholder Meetings 2021
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That the previous issue under NZX Listing Rule 4.5.1 of
84,112,150 fully paid ordinary shares in Stride
Investment Management Limited to investors at an
issue price of $2.14 per stapled security (comprising
one share in Stride Property Limited and one share in
Stride Investment Management Limited) on 1 December
2020 be approved and ratified for all purposes,
including NZX Listing Rule 4.5.1(c)
Resolution 5 –Ratification of Previous
Issue of Shares Under a Placement

Stride Property Group Annual Shareholder Meetings 2021
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Resolution 6 –Directors’ Remuneration
Current
Aggregate
1
Director Fees
per annum
Proposed
Aggregate
1
Director Fees
per annum
Proposed
Increase ($)
Proposed
Increase (%)
Chair$167,500$172,500+$5,000+3.0%
Non-executive Directors
(x6)
2
$96,000$97,500+$1,500+1.6%
Chair of the Audit and
Risk Committee
$13,000$13,500+$500+3.8%
Chair of the Sustainability
Committee
-$7,500+$7,500N/A
Allowance for Additional
Work and Attendance
3
$144,500$144,500--
Table 1: Proposed Director Fee Increase
1.Aggregate Fees are the combined annual Director fees for SPL and SIML.
2.Stride currently has 6 Non-executive Directors, in addition to the Chair. However, this is a temporary increase, pending the retirement of Director John Harvey during the 2022 calendar
year.
3.The allowance for additional work and attendance is an aggregate sum available to the Boards to remunerate Directors for significant extra attendances and work. It is not an amount
payable per Director. The allowance for additional work and attendances has not been allocated to Directors for the past three financial years.

Stride Property Group Annual Shareholder Meetings 2021
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That, in accordance with NZX Listing Rule 2.11.1,
the amount payable to any person who from time to
time holds office as a Director of Stride Investment
Management Limited be increased as set out in
Table 1 contained in the Explanatory Notes to the
Notice of Meeting dated 20 August 2021, with effect
from 1 October 2021
Resolution 6 –Directors’ Remuneration

Stride Property Group Annual Shareholder Meetings 2021
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SIML Proxy Votes Received
Resolution 1: Auditor’s Remuneration
Proxy Votes LodgedForAgainstDiscretionary
212,111,01496.42%0.10%3.47%
Resolution 2: Re-election of Director John Harvey
Proxy Votes LodgedForAgainstDiscretionary
212,124,67496.25%0.27%3.49%
Resolution 3: Re-election of Director Nick Jacobson
Proxy Votes LodgedForAgainstDiscretionary
212,110,78696.44%0.07%3.49%

Stride Property Group Annual Shareholder Meetings 2021
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SIML Proxy Votes Received (cont)
Resolution 4: Election of Director Ross Buckley
Proxy Votes LodgedForAgainstDiscretionary
212,110,78696.46%0.03%3.51%
Resolution 5: Resolution 2: Ratification of previous issue of shares under a placement
Proxy Votes LodgedForAgainstDiscretionary
163,678,91889.71%5.95%4.34%
Resolution 6: Directors’ Remuneration
Proxy Votes LodgedForAgainstDiscretionary
211,775,58570.83%25.94%3.22%

Stride Property Group Annual Shareholder Meetings 2021
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General Business and
Shareholder Questions

Stride Property Group Annual Shareholder Meetings 2021
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Thank You
Important Notice: The information in this presentation is an overview and does not
contain all information necessary to make an investment decision.It is intended to
constitute a summary of certain information relating to the performance of Stride Property
Group for the twelve months ended 31 March 2021. Please refer to Stride Property
Group’s Annual Report 2021 for further information in relation to the twelve months ended
31 March 2021. The information in this presentation does not purport to be a complete
description of Stride Property Group. In making an investment decision, investors must
rely on their own examination of Stride Property Group, including the merits and risks
involved. Investors should consult with their own legal, tax, business and/or financial
advisors in connection with any acquisition of securities.
No representation or warranty, express or implied, is made as to the accuracy,
adequacy or reliability of any statements, estimates or opinions or other information
contained in this presentation, any of which may change without notice. To the
maximum extent permitted by law, each of Stride Property Limited, Stride Investment
Management Limited (together, the Stride Property Group) and their respective
directors, officers, employees, agents and advisers disclaim all liability and responsibility
(including without limitation any liability arising from fault or negligence on the part of
Stride Property Group, its directors, officers, employees and agents) for any direct or
indirect loss or damage which may be suffered by any recipient through use of or
reliance on anything contained in, or omitted from, this presentation.
This presentation is not a product disclosure statement or other disclosure document.