Investor Presentaiton
dexus
Case study: Vintage does not define performance
Australia Square, Sydney - standing the test of time
Built in 1960s
› Sydney's first skyscraper
› Comprises two office towers (the
Tower and the Plaza) and a
vibrant retail precinct
Today, it remains a highly sought-after office premise
› Occupancy averaged 96.8% since FY13 (FY22: 96.6%),
leading A-grade benchmark
>
Catering for 107 customers² across a wide range of
industries and price points ranging from $1,000-$1,920
per sqm³
Outperforming total return benchmark over the past 15
>
years
> Continued improvements in ESG credentials
Blended office total return outperforming benchmark Occupancy leading benchmark
Rebased to 100 in FY07
Index
600
500
400
300
200
100
FY07
FY08
FY09
FY10
FY11
FY12
FY13
FY14
FY15
FY16
FY17
FY18
FY19
FY20
FY21
FY22
(by area)
100%
95%
90%
85%
80%
>
Long-term value creation through
>
Active leasing strategy averaging ~25 office leasing
deals p.a. in the past five years
Continued strategic initiatives to drive performance,
e.g. spec suite strategy achieving
> Higher per sqm rents
> Reduced downtime
Consistent ESG improvements (NABERS ratings4)
2016: Tower air conditioning upgrade
2018: Tower customer condenser water upgrade
2019: Plaza building mgt control system upgrade
10Y average 96.8%
6
5
4
average 94.8%
3
2
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
ASQ Office
1. Blended occupancy by area.
MSCI (A-grade Sydney CBD Office)
2. Office customers only, excluding retail.
3. Gross passing rent.
4. 2023 NABERS Energy rating for the Tower and the Plaza are yet to be completed.
5. Without GreenPower.
51
Dexus 2022 Annual Results Presentation
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
ASQ Blended
MSCI (A-grade Sydney CBD Office)
ASQ Tower Energy 5
ASQ Plaza - Energy 5
ASQ Tower - Water
ASQ Plaza - Water
17 August 2022View entire presentation