Investor Presentaiton
Summary
Demonstrated resilience in uncertain times
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Dexus has demonstrated resilience:
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Held or grown distributions over the past few years despite the impacts of the
Covid-19 pandemic
Maintained a strong balance sheet through asset recycling, with portfolio benefiting
from flight to quality
We anticipate a challenging period over the next two years with rising interest rates,
ongoing supply chain disruptions, a global energy crisis and geopolitical risks contributing
to continued economic uncertainty. Higher interest rates are expected to impact our
results in FY23
Based on current expectations regarding interest rates, continued asset sales and
barring unforeseen circumstances, Dexus expects distributions of 50.0 - 51.5 cents per
security for the 12 months ended 30 June 20231, below the 53.2 cents per security
delivered in FY22
Dexus is set to emerge as one of the leading real asset managers in the Asia-Pacific
region and we are confident of continuing to deliver long-term value due to:
Our scale and capability
Our funds management business which enhances returns
The diversity and quality of our customers, investors and funds
Our city-shaping and industrial development pipeline
1.
Assumes average floating interest rates of 2.75% -3.75% (90-day BBSW), the transition of circa $21 billion of FUM from the acquisition of the
AMP Capital real estate and domestic infrastructure equity platform and circa $50 - $55 million of trading profits (post-tax).
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Dexus 2022 Annual Results Presentation
dexus
Artist impression: Atlassian Central and Central Place Sydney NSW.
17 August 2022View entire presentation