Tainui Group Holdings
Annual Report
2013
5
Objective
Progress
Outlook
Key strategies
Deliver a long
term sustainable
dividend stream.
Be a recognised
contributor to the
region’s economy.
Be the leader or
preferred partner
of significant
development
projects and growth
investments.
TGH’s total assets grew by 6.4%
to $738 million in 2013.
TGH’s equity grew by 26.4% to
$490 million in 2013 – almost
half-way towards our 2021 target.
is New Zealand’s
largest single retail development
by area and Australasia’s only
hybrid (large format, mall and
outlet) centre. Businesses at
employ just under 1,700 full
and part-time employees.
Ruakura will be a unique
commercial development
that will become a project of
national significance creating
growth and employment.
Increasing TGH’s investment
capacity and exposure to risk
through diversification into
growth assets will be critical in
delivering the expected return
and assets target.
Grow beyond
$1 billion in
high quality
total equity
by 2021
Growth
Differentiate
from competitors
by completing
projects that
reflect the
enduring place
in New Zealand
society of
Waikato-Tainui.
hotel is
infused with Waikato-Tainui design
features providing the first
experience of New Zealand culture
for many travellers.
(and in particular
)
design features are embedded with
cultural elements from Waikato-Tainui.
Development of Bryce Street,
Hamilton boutique business precinct.
Ruakura will showcase TGH’s
core attributes, competitive
advantage, and cultural edge.
Differentiate
from
competitors
Sustainability
Create enduring
relationships with
the Shareholder
and partners whose
views are closely
aligned with TGH.
A group of preferred, strategic
partners to provide appropriate
advice and support as required which
includes banks, construction, legal,
financial and advisory services. We
profile a sample of our strategic
partners on
Representation at
tribal forums.
Implementation of the one team, one
location strategy between TGH and
the Shareholder
Regular review of long-standing
relationships and active
engagement with principals to
ensure that our business needs
are being met.
We will partner with other iwi in
commercial developments. Iwi
are natural partners who share
similar financial goals.
Further support and engagement
with the tribe.
Create
enduring
relationships
Partnerships
Deliver investment
returns in excess
of market based
hurdle rates.
Weighted average cost of capital
methodology used to assess
performance of TGH’s existing asset
portfolio and inform investment
decisions.
By focusing on risk adjusted
returns TGH can measure the
viability of competing projects on a
like for like basis.
Assess all future capital and
investment projects to determine if
returns meet required hurdle rate.
Deliver
returns
Operational
To develop highly
competent,
motivated and
engaged people.
To enable people
to express their
full potential.
Implementation of the People
Strategy 2025
Graduate recruitment evening held
in March 2013 to showcase TGH
achievements.
Medical and vision checks and flu
jabs offered for all staff. Weekly
provision of fresh fruit provided to the
team. Team building events.
Implementation of staff surveys.
Recruitment and retention focus
on creating a motivating and
positive environment.
Value
employee
contributions
people
