Elanor Retail Property Fund : HY22 Results Presentation

For personal use only

21 February 2022

Company Announcements Office

ASX Limited

Exchange Centre

Level 4, 20 Bridge Street

Sydney NSW 2000

Dear Sir/Madam

Attached is the Elanor Retail Property Fund (ASX: ERF) HY22 Results Presentation.

Yours sincerely,

Symon Simmons

Company Secretary

Elanor Funds Management Limited

Authority and Contact Details

This announcement has been authorised for release by the Board of Directors of Elanor Funds Management Limited

For further information regarding this announcement please contact:

Symon Simmons

Company Secretary

Elanor Funds Management Limited

Phone: [phone]

Elanor Funds Management Limited | GPO Box 1511, Sydney NSW 2001 | www.elanorinvestors.com

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ersonal use only

ASX: ERF

21 February 2022

Elanor Retail

Property Fund

HY22 Results Presentation

C O N T E N T S

1	HY22 Highlights
2	Strategy and Business Overview
nlyo	Portfolio Overview
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4	HY22 Financial Results
5	Strategy and Outlook
use	Appendix
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ersonal

A C K N O W L E D G E M E N T O F C O U N T R Y

Elanor is proud to work with the communities in which we operate, to manage and improve properties on land across Australia and New Zealand.

We pay our respects to the traditional owners, their elders past, present and emerging and value their care and custodianship of these lands.

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ersonal use only

HY22 Highlights

HY22 Highlights

HY22 Results Highlights

onlyFunds From Operations (FFO)

$4.05m

3.17c per security use$0.6 million COVID-19 provision

NTA per security

$1.22

ersonalMoranbah sold at book value for $28.0 million 1. Debt less cash / total assets less cash

Distributions per security

3.01c

95% payout ratio

Portfolio Weighted Average Cap Rate

7.0%

Portfolio weighted average cap rates:

• Sub-Regional6.9%
• Neighbourhood 7.2%

HY22 rent collections

94%

• 97% excluding Tweed Mall (impacted by Queensland border closures)
• 100% tenants trading at 31 December 2021

Gearing1

18.3%

• Gearing substantially below target range of 30% to 40% (providing significant investment capacity)
• Investment capacity of $50m (35% gearing)

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