FOLKESTONE EDUCATION TRUST Building Australia s Best Early Learning Centres August 2017 Level 14, 357 Collins Street Melbourne VIC 3000 t: +61 3 9046 9900 f: +61 3 9046 9999 e: office@folkestone w: educationtrust.folkestone.com.au East Brighton
FOLKESTONE EDUCATION TRUST (ASX: FET) The ASX listed Folkestone Education Trust (FET) is the leading provider of early learning centres in Australia and New Zealand. With over $170 million of centres currently under development, each state-of-the-art centre has been designed and tailored to suit the individual needs of the operator and to complement the local community landscape. FET s existing portfolio comprises of over 400 early learning centres with a total asset value of over $900 million. To date, FET has committed to over $300 million in it s development pipeline across Australia and New Zealand FET is the leader in the early learning real estate industry, with an active involvement in leasing to over 30 early learning operators and an extensive development pipeline FET has an internal development management team who manage the delivery of centres from inception to completion, we work closely with operators to ensure their requirements are not only met, but exceeded FET currently has 25 sites under development, with a further five sites in exclusive due diligence. On completion, these centres are expected to be worth over $170 million. Having significant funding capacity, we can offer long lease term with flexible funding options to operators FET has a strong track record of achieving DA approval within six months, and are continually enhancing their methods to increase the speed of delivery through development of prefabricated centres that can halve the delivery time FET is dedicated to long term investment in early learning real estate that provides a safe and healthy environment for future generations. We build them, then stay for the journey 2
RECENTLY COMPLETED EARLY LEARNING CENTRES Recently completed early learning centres have been delivered in four states for six different operators creating a total of 1,338 long day care places. Camberwell, VIC Cheltenham, VIC Wyndham Vale, VIC Brighton East, VIC Armadale, VIC Lyndhurst, VIC Turramurra, NSW Gledswood Hills, NSW Baldivis, WA Epping, VIC Nedlands, WA Kilburn, SA Cremorne, NSW Seaforth, NSW Parramatta, NSW Maitland, NSW 3
ASSETS UNDER DEVELOPMENT 25 SITES UNDER DEVELOPMENT FET continues to target new opportunities based on our strong understanding of the market, with the key focus on selecting high quality real estate, supported by sound early learning demand and supply fundamentals. Sydney, NSW AUSTRALIA Melbourne, VIC Adelaide, SA Perth, WA 4
EARLY LEARNING CENTRES UNDER DEVELOPMENT FET have 25 sites in planning development with a further five sites in due diligence* Highett, VIC Northcote, VIC Mont Albert North, VIC Williams Landing, VIC Box Hill North, VIC Killarney Heights, NSW Suburb State Places Operator Status Construction Status Armstrong Creek VIC 126 Committed Under Construction Baldivis Grove WA 104 Committed Under Construction Balmain NSW 90 Committed Under Construction Balwyn North VIC 73 Committed Planning Belmont WA 96 Committed Under Construction Bexley NSW 111 Committed Planning Bonbeach VIC 126 Committed Planning Box Hill North VIC 108 Committed Planning Coburg North VIC 95 Committed Pre-Planning Deepdene VIC 102 Committed Planning Frankstone South VIC 126 Committed Planning Hawthorn VIC 120 Committed Under Construction Highett VIC 135 Committed Under Construction Killarney Heights NSW 105 Committed Under Construction Mont Albert North VIC 128 Committed Planning Murrumbeena VIC 116 Committed Planning Narre Warren VIC 95 Committed Pre-Planning Noarlunga SA 97 Committed Under Construction Northcote VIC 93 Committed Under Construction Oran Park NSW 130 Committed Under Construction South Morang VIC 118 Committed Under Construction Tarneit VIC 92 Committed Under Construction Vermont VIC 96 Committed Planning Williams Landing VIC 134 Committed Under Construction Wynbrook VIC 124 Committed Planning Total 2,740 *As at 30 June 2017, 5 additional sites are currently in exclusive due diligence. 5
INNOVATIONS Prefabricated Our prefabricated centres are built off-site, then moved and assembled at their final location. This method allows us to control and create high quality, innovative buildings, increasing speed, efficiency, precision, productivity and quality. A centre at South Morang, Victoria is our first completed prefabricated centre. This new technology will allow us to improve quality, reduce time frames, construction waste and costs, whilst supporting the Australian building industry. Environmentally Friendly Our centres include a wide range of sustainability measures, integrated into the design, reducing the ecological footprint without compromising quality. Designs that promote operational efficiency through multi age group compliant designs that maximise utility and centre flexibility Roofs designed to collect rainwater, used for toilet flushing Solar panels installed to boost hot water and provide energy savings Gardens developed to minimise water consumption and play areas to be generally permeable, complementing the surrounding landscape Bicycle racks are provided for employees to minimise a centre s carbon footprint Appliances, fixtures and fittings comply with or surpass all Australian energy and efficiency star rating systems 6
FET CENTRE LOCATIONS Over 350 early learning centres in all states and territories of Australia, with an additional 51 centres in New Zealand AUSTRALIA Melbourne, VIC Sydney, NSW Brisbane, QLD Perth, WA Adelaide, SA 7
SITE IDENTIFICATION Identification of suitable locations is critical to the success of each early learning centre. This is achieved by: Identifying high success locations through proprietary modelling of demographic and socio-economic trends Key focus on under-supplied catchments in higher socio-economic locations with long term growth prospects Focus on infill sites within a ~20km radius of CBD as well as rapidly expanding growth areas A proven model in successfully developing quality centres with leading edge designs, in high demand locations Cheltenham, Vic Camberwell, Vic Brighton East, Vic Folkestone Education Trust Level 14, 357 Collins Street Melbourne VIC 3000 t: +61 3 9046 9900 f: +61 3 9046 9999 e: office@folkestone.com.au w: educationtrust.folkestone.com.au Like and Follow us on Nick Anagnostou Chief Executive Officer Wendy Macafee Senior Development Manager Craig Blake Investment Manager Lachlan Atkins Acquisitions Manager 8