Growthpoint Interactive Annual Report 2018

About this Report This is the Annual Report for Growthpoint Properties Australia (comprising Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and its controlled entities) for the year ended 30 June 2018. It is available online at www.growthpoint.com.au and in hard copy. Persons can request a hard copy through any of the communication methods listed on the inside back cover of this report. This report provides readers with an overview of Growthpoint’s business including summaries of the strategies, objectives, assets, operating model, achievements, key risks and opportunities at 16 August 2018 as well as detailed financial information over the last six months, one year and five year periods. There are also references which enable readers to obtain more information should they wish to. About the Directors’ Report The Directors’ Report which follows is signed in Melbourne on 16 August 2018 in accordance with a resolution of the Directors of Growthpoint Properties Australia Limited. The Directors’ Report comprises pages 4 to 53 of this report except where referenced otherwise. Further information can be found in the 2018 Sustainability report Download from growthpoint.com.au/ sustainability/operating- sustainably/ What’s inside Directors’ Report Business Overview FY18 Highlights 4 Chairman’s report 7 Managing Director’s report 9 FY18 strategy and outlook 10 Sustainability review 12 Financial Management Strategic execution 15 Financial management 15 Funds From Operations 18 Five year performance summary 19 Portfolio Review Property portfolio overview 20 Office portfolio review 24 Industrial portfolio review 28 Governance Board of Directors 32 Executive management 34 Remuneration report 37 Additional information 53 Financial Report Contents 55 Financial Statements 56 Notes to the Financial Statements 61 Directors’ Declaration 96 Auditor’s Independence Declaration 97 Independent Auditor’s Report 98 Additional information Detailed Portfolio information 102 About Growthpoint South Africa 105 Securityholder information 107 Frequently asked questions 109 Securityholder calendar 111 Glossary 112 Contact details 113 3 Growthpoint Properties Australia 2018 Annual Report