GMT hosting Highbrook open day

EVERY
STEP
COUNTS
GOODMAN PROPERTY TRUST
INVESTOR OPEN DAY

1
Total stabilised warehouse and office area
2
Includes leased developments
Property
portfolio
GOODMAN PROPERTY TRUST |INVESTOR OPEN DAY
2
$4.7bn
PROPERTY
PORTFOLIO
1.2m
SQM OF WAREHOUSE
& LOGISTICS SPACE
215+
CUSTOMERS
15
BUSINESS
ESTATES
BBB
STANDARD & POOR’S
CREDIT RATING

$6.1 billion
NATIONAL ONLINE SPEND 2022
3
1.7 million
AUCKLAND POPULATION
18%
EUROMONITOR FORECAST 2027
E-COMMERCE
E-commerce is a growing
driver of demand for
warehouse and logistics
space, close to consumers.
11%
PROPORTION OF ALL RETAIL SALES
GOODMAN PROPERTY TRUST |INVESTOR OPEN DAY

HIGHBROOK
Highbrook is world class
business park positioned to
benefit from the structural
trends, driving demand for
well-located logistics space
5.6 yrs
W A LT
108 ha
ESTATE AREA
125
CUSTOMERS
99.9%
OCCUPANCY

HIGHBROOK BUSINESS PARK
HIGHBROOK BUSINESS PARK
Essential
infrastructure

HIGHBROOK BUSINESS PARK
INTEGRATED DESIGN
Functional systems like the stormwater
ponds are designed to integrate with the
landscape and feature wetland plants
that aid water quality while acting as a
natural barrier.
HIGHBROOK DRIVE
Connects Highbrook Business Park
with State Highway 1. With around
30,000 vehicle movements every
day, it has quickly become a major
new arterial route.
THE CROSSING
A modern and vibrant mixed-use
development that features food,
hospitality and retail options
supported by office and
accommodation facilities.
8 KM OF RUNNING
AND CYCLING TRACKS
Linking recreational areas
and complementing the
amenity that differentiates
the estate.
SUSTAINABLE BUILDINGS
Facilities at Highbrook share a consistent design theme that incorporates sustainable design
elements – providing modern, efficient and flexible workplaces.
VIEWS
The location and orientation of the properties maximise the water and city views that encompass
local landmarks including Rangitoto, the Sky Tower and Mount Wellington.
THE TĀMAKI RIVER
Once an important transport
route for the local iwi the
Tāmaki River now supports
recreational users.
+
+
+
+
+
KEY FEATURES

HIGHBROOK BUSINESS PARK
40hectares
PARKLAND
1
8 km
WALKING & RUNNING TRACKS
NATURAL LANDSCAPES
HIGHBROOK BUSINESS PARK
7
1
Master-planned reserve land, owned and managed by Auckland Council

$324.5m
TOTAL PROJECT COST
14.2 years
W A LT
68,013 sqm
NET LETTABLE AREA
93%
LEASED
8.2%
YIELD ON ADDITIONAL COST
WORK IN PROGRESS
GOODMAN PROPERTY TRUST |INVESTOR OPEN DAY

GMT INTERIM RESULT
GOODMAN PROPERTY TRUST |INVESTOR OPEN DAY

Development completions
$228.1m
TOTAL PROJECT COST
16.4 years
W A LT
61,451 sqm
NET LETTABLE AREA
5 Star
GREEN STAR BUILT TARGET
5.3%
YIELD ON COST
GOODMAN PROPERTY TRUST |INVESTOR OPEN DAY

1
Operating earnings is a non-GAAP financial measure included to provide an assessment of the performance of GMT’s principal operating activities.
The calculation is set out in note 3.1 of GMT’s Financial Statements.
2
Cash earnings is a non-GAAP financial measure that assesses underlying operating cashflows, on a per unit basis, after adjusting for borrowing costs
and Manager’s base fee capitalised to land, expenditure related to building maintenance and to reverse straight line rental adjustments.
3
LVR is a non-GAAP financial measure that assesses GMT’s level of gearing. Refer to note 2.6 of GMT’s Financial Statements for the calculation.
Interim Result
GOODMAN PROPERTY TRUST |INTERIM RESULT 2024 | FINANCIAL RESULT
$100.1m
NET PROPERTY INCOME
3.75 cpu
UNDERLYING CASH EARNINGS
2
($163.2m)
LOSS AFTER TAX
230.5 cpu
NET TANGIBLE ASSET BACKING
3.10 cpu
DISTRIBUTIONS
$324.5m
DEVELOPMENT WORK IN PROGRESS
28.7%
LOAN TO VALUE RATIO
3
$68.1m
OPERATING EARNINGS BEFORE TAX
1
13.5% increase in rental revenue
5.9% increase on prior period
6.5% growth in underlying earnings
5.1% increase in cash distributions

Moving forward
+Structural drivers in the Auckland industrial
market contributing to strong operating results
+At 99.6% occupied the portfolio is effectively
at capacity
+6.2% like-for-like annual rental growth
+Significantly under-rented, GMT remains well
positioned to deliver positive earnings growth
+Disciplined capital management guides our
investment strategy
GOODMAN PROPERTY TRUST |INTERIM RESULT 2024 | SUMMARY & OUTLOOK
Full year distribution guidance is
reaffirmed at around 6.2 cents
per unit, 5% higher than FY23

GMT SUSTAINABILITY |JUNE 2023GMT SUSTAINABILITY |NOVEMBER 2023
SUSTAINABILITY

SUSTAINABILITY
TA R G E TS
Customers
EMISSIONS
DISCLOSURE
Regulators
RESPONSIBLE
INVESTING
Investors
14
CO
2
EMBEDDING
SUSTAINABILITY
Why we do it
+Customer engagement - 8 out of our top
10 customers have publicly committed to
carbon reduction targets
+Sustainable properties will enable occupiers
to reduce their emissions and make progress
towards achieving their targets
+Occupier targets driving more sustainable
developments and upgrades to existing assets

Adapting to a
changing climate
Asset selection
+Assessment of physical and
transition risks and identification
of opportunities
+The right buildings
building standards consider future
climate
+In the right places
consider climate change hazards
in our locations

FUTURE OF PROPERTY
Emissions reduction
0
5
10
15
20
25
30
35
40
45
50
1990
1995
2000
2005
2010
2015
2020
2025
2030
2035
2040
2045
2050
2055
2060
2070
2080
2090
2100
PROJECTED GLOBAL CO
2
EMISSIONS REDUCTION TO REACH A 1.5 ̊C PATHWAY
(Billion tonnes CO
2
)
Embodied carbon
+Lower carbon construction
+Recycling and reusing materials
Operational carbon
+Energy efficient buildings
+Upgrading existing assets
+Green Star developments
Source: Climate Scenarios for the Construction and Property Sector (NZGBC, 2023)

BUILDING
Climate resilient assets
Lower carbon
concrete
Cycle parking
and shower facilities
Electrical submetering
to measure and monitor
energy use

UPGRADING
Existing assets
Lower carbon
concrete
Cycle parking
and shower facilities
Electrical submetering
to measure and monitor
energy use

THANK YOU
GOODMAN.COM
ImportantNotice. ThisdocumenthasbeenpreparedbyGoodmanGroup(GoodmanLimited(ABN69000123071)andGoodmanFundsManagementLimited(ABN48067796641) (AFSL
223621) astheResponsibleEntityforGoodmanIndustrialTrust(ARSN091213839)andGoodmanLogistics(HK)Limited(CompanyNumber1700359;ARBN155911149–A HongKong
companywithLimitedliability). Thedetailsin thispresentationprovidegeneralinformationonly. It is notintendedasinvestmentorfinancialadviceandmustnotberelieduponassuch.Youshould
obtainindependentprofessionaladvicepriortomakinganydecision. Thispresentationisnotanofferorinvitationforsubscriptionorpurchaseofsecuritiesorotherfinancialproducts. Past
performanceisnoindicationoffutureperformance. AllvaluesareexpressedinAustraliancurrencyunlessotherwisestated. . It doesnotconstituteanofferofsecuritiesintheUnitedStates.
Securitiesmaynotbeofferedorsoldin theUnitedStatesunlesstheyareregisteredundertheUSSecuritiesActof1933oranexemptionfromregistrationis available.Thisdocumentmaycontain
certain“forward-lookingstatements”. Thewords“anticipate”,“believe”,“expect”,“project”,“forecast”,“estimate”,“likely”,“intend”,“should”,“could”,“may”,“target”,“plan”andothersimilar
expressionsareintendedtoidentifyforward-lookingstatements. Indicationsof,andguidanceon,futureearningsandfinancialpositionandperformancearealsoforward-lookingstatements. Due
careandattentionhavebeenusedinthepreparationofforecastinformation.Suchforward-lookingstatementsarenotguaranteesoffutureperformanceandinvolveknownandunknownrisks,
uncertaintiesandotherfactors,manyofwhicharebeyondthecontrolofGoodmanGroup,thatmaycauseactualresultstodiffermateriallyfromthoseexpressedorimpliedinsuchstatements.
Therecanbenoassurancethatactualoutcomeswillnotdiffermateriallyfromthesestatements.

QUESTIONS

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Level 2, 18 Viaduct Harbour Avenue, Auckland | PO Box 90940, Victoria Street West, Auckland 1142
Tel +64 9 375 6060 | www.goodman.com/nz

nzx release+
GMT hosting Highbrook open day
Date 30 November 2023
Release Immediate
An open day for retail investors is being held at Highbrook Business Park between 10am
and 12pm today.
A copy of the presentation being given to investors has been provided to the NZX.
For further information, please contact:
James Spence
Chief Executive Officer
Goodman (NZ) Limited
(021) 538 934

About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $3.0 billion, ranking it
in the top 20 of all listed investment vehicles. The Trust is New Zealand’s leading warehouse and logistics space
provider. It has a substantial property portfolio, with a value of $4.7 billion at 30 September 2023. The Trust also holds an
investment grade credit rating of BBB from S&P Global Ratings.

The Manager of the Trust is Goodman (NZ) Limited, a subsidiary of the ASX listed Goodman Group. Goodman Group is
an A$82.9 billion specialist global manager of warehouse, logistics and data centre real estate.