Growthpoint Interactive Annual Report 2018

Key debt metrics and changes during FY18 30 June 2018 30 June 2017 Change Gross assets $'000 3,474,569 3,328,372 146,197 Interest bearing liabilities $'000 1,197,555 1,299,380 (101,825) Total debt facilities $'000 1,523,482 1,473,482 50,000 Undrawn debt $'000 320,000 167,856 152,144 Gearing 1 % 33.9 38.5 (4.6) Weighted average interest rate % 4.4 4.3 0.1 Weighted average debt maturity years 5.0 5.0 – Annual Interest Coverage Ratio (ICR) / Covenant ICR times 3.9 / 1.6 4.1 / 1.6 (0.2) / – Actual Loan to Value Ratio (LVR) / Covenant LVR % 36.1 / 60 40.2 / 60 (1.9) / – Weighted average fixed debt maturity years 5.5 6.4 (0.9) % of debt fixed % 82 75 7 Debt providers no. 17 17 – Items influencing gearing 1 for the year ended 30 June 2018 40% 39% 38% 37% 36% 35% 34% 33% 32% 31% 30% 30 June 17 Pay down excess cash Sell Nundah Purchase IDR stake Purchase Perth industrial Sell 10 Gassman Distribution paid Sell 522-550 Wellington Rd Revaluations 30 June 18 Distribution payable after DRP Purchase 836 Wellington St Pro Forma 30 June 18 -3.6% -2.2% +1.3% +0.7% +1.8% +0.5% +3.0% -2.0% -1.6% 38.5% -0.1% 33.9% 2 36.3% 460bps reduction since 30 June 2017 1. Gearing calculation changed during the period from interest bearing liabilities divided by total assets to interest bearing liabilities less cash divided by total assets less cash. This change brings Growthpoint’s gearing calculation more closely in line with industry peers. 2. Numbers may not sum due to rounding. Growthpoint Properties Australia 2018 Annual Report 17 Financial Report Portfolio Review Financial Management Business Overview Governance Additional Information