Investor Presentaiton
Financial impact of the Proposal¹
9.0x
IAPF II
annualised
forecast FY21
EBIT multiple
+0.1%
FY21 pro forma
FFO accretion
25.8%
Gearing²
3.2%
Total
Consideration as
% of IAPF AUM3
+4.8%
FY21 pro forma
AFFO accretion
$1.24
NTA per security
(NAV $1.31)
Investec
Australia Property Fund
1. See Section 6 and Annexure B of the Explanatory Memorandum for details of the basis of preparation, details of the FFO and AFFO calculations and the underlying assumptions. 2. Gearing on a pro forma basis as at 31 March 2020 post
disposal of 757 Ann Street, Fortitude Valley QLD, which was sold effective 1 April 2020. 3. AUM includes the Properties valued at $1,085 million and binding commitments to invest in the TAP Fund of $140 million. Total Consideration as a %
of AUM of IAPF I only is 3.7%.
Investec Australia Property Fund | Internalisation and funds management proposal
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