Investor Presentaiton
Attractive discounts...
Higher book net asset value vs share market price
12.2%
Average Discount/Premium
9.8%
VESTA
Amounts in US$ M
Properties
1,847
-0.6%
Land
125
2012
2013
2014
2015
2016
2017
2018
1Q19
Cash
60
Debt Cash Collateral
-12.7%
4
Net Recoverable Taxes
10
33.6%
-32.9%
-35.5%
-39.2%
Assets
2,046
NAV vs share market price
Remaining CAPEX
(45)
Debt
(700)
Tenant Deposit
(14)
1.82
1.75
1.99
Liabilities
1.75
(759)
1.68
1.81
1.74
Net Asset Value
1,287
1.50
2012
2013
2014
2.16
2.11
2.03
1.53
1.21
1.23
1.45
1.36
2015
2016
2017
2018
1Q19
NAV Per Share (US$)
Market Price Per Share (US$)
...Management's first priority is to create shareholder value by closing the current NAV discount at
which the company currently trades in the public market through accretive asset sales, share
repurchases, and continued value creating development
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