Goodman Group (FRA:MY4)

Half Year 2025 Goodman Group Earnings Call Transcript

Feb 18, 2025 / 10:00 PM GMT

Release Date Price: €21.43

Transcript

Key Points

Positve

Goodman Group (GMGSF) is launching a $4 billion capital raising to fund the next phase of growth, particularly in data centers.
The company has a robust business model with solid financial outcomes and quality assets.
Goodman Group (GMGSF) has expanded its power bank to 5 gigawatts across 13 major global cities, enhancing its infrastructure capabilities.
The company reported over $1.2 billion in operating profit for the first half of FY25, indicating strong financial performance.
Management revenue increased by $102 million over the prior corresponding half year, reflecting growth in leasing activity and rents.

Negative

The impacts of the data center opportunity have not yet been fully reflected in the financial numbers.
FX movements had an $11 million negative impact on the translation of foreign denominated operating results.
Realized development earnings for the half year were down by $104 million compared to the prior corresponding period.
The company's development work progress dipped over the past two years, leading to a lower volume of completions in the short term.
The North American market is currently just 'okay,' indicating potential challenges in that region.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GMG.AX - Goodman Group
Half Year 2025 Goodman Group Earnings Call
Feb 18, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the group FY25 half year results and equity raising presentation.

Due to legal restrictions, we are unable to discuss any details around the equity raising other than the basic terms referred to in the announcement and investor presentation released on AXX today. Please refrain from asking questions about the equity raising beyond such basic terms as we are legally restricted from answering those questions on the call.

At this time, all participants are in a listen-only mode. To ask a question during the Q&A session, you need to press 11 on the telephone. You then hear an automatic message advising your hand is raised. Please be advised that today's conference is being recorded.

I

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