Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Shareholder Meeting (November 2019)
30 slides from Cedar Woods Properties's shareholder meeting presentation, Nov 6, 2019
Slide 1: Annual General Meeting
Annual General Meeting Operational 2019 Glenside, SA Excellence: Glenside Glenside Artist’s impression Glenside Port Adelaide Artist’s impression Fletcher’s Slip Port Adelaide 1 CEDAR WOODS AGM 2019 Render view from stage 1 terrace homes
Slide 2: Agenda
Agenda 1 Chairman’s Address Mr William Hames 2 Managing Director’s Review Mr Nathan Blackburne 3 Formal Business • Ordinary Business: Consideration of financial report • Ordinary Resolution 1: Re-election of retiring director William George Hames • Ordinary Resolution 2: Re-election of retiring dire
Slide 3: Chairman's Address
Chairman’s Address Chairman Mr William G Hames
Slide 4: Delivering Results: FY2019 Highlights
Delivering Results: FY2019 Highlights Geography Price Point 4 CEDAR WOODS AGM 2019
Slide 5: Delivering Results: Share Price Performance
Delivering Results: Share Price Performance Relative price performance 130% 120% Rebased to 100 110% 100% 90% 80% 02 Nov 18 07 Dec 18 16 Jan 19 21 Feb 19 28 Mar 19 07 May 19 12 Jun 19 17 Jul 19 21 Aug 19 25 Sep 19 30 Oct 19 CWP ASX 300 5 CEDAR WOODS AGM 2019
Slide 6: About Cedar Woods: Our Strategy
About Cedar Woods: Our Strategy To grow & develop our national Geography project portfolio, diversified by geography, product type & price point, so that it continues to hold broad customer appeal & performs well in a range of market conditions. Price Point 6 CEDAR WOODS AGM 2019
Slide 7: Social Responsibility
Baldivis Belles Social Responsibility $500,000 has been donated nationally as part of Cedar Woods’ Neighbourhood Grants program, Baldivis helping community groups to fund initiatives they Primary would not have otherwise afforded. School Medjugorje Centre Mundijong Volunteer Fire Brigade Express Wil
Slide 8: Agenda
Agenda 1 Chairman’s Address Mr William Hames 2 Managing Director’s Review Mr Nathan Blackburne 3 Formal Business • Ordinary Business: Consideration of financial report • Ordinary Resolution 1: Re-election of retiring director William George Hames • Ordinary Resolution 2: Re-election of retiring dire
Slide 9: Managing Director's Review
Managing Director’s Review Managing Director Mr Nathan J Blackburne
Slide 10: About Cedar Woods: Purpose, Vision, Values
About Cedar Woods: Purpose, Vision, Values Our purpose & vision have interconnected objectives: Reliable & growing income streams for investors; Geography Quality housing or offices for customers; Vibrant communities for our customers to be part of; A great workplace for staff; and Being a
Slide 11: About Cedar Woods: Strategic Priorities
About Cedar Woods: Strategic Priorities FY19 PROGRESS Strong culture serving as form of advantage - staff surveys demonstrate high engagement & Geography high levels of role satisfaction. Digital transformation well progressed with new financial system implemented successfully. Our projects are bein
Slide 12: Operational Excellence: Glenside, SA
Operational Excellence: Glenside, SA 17ha, 3km from Adelaide CBD Around 1,000+ dwellings Townhouses & apartments 8-10 year project life Glenside Glenside Strong Artist’s impression sales; though moderated late FY19 First townhouses settled First apartment building under construction 3
Slide 13: Glenside: Site Photos
Glenside: Site Photos Geography Price Point 13 CEDAR WOODS AGM 2019
Slide 14: Fletcher's Slip
Glenside Glenside Artist’s impression Glenside Port Adelaide Artist’s impression Fletcher’s Slip Port Adelaide 14 CEDAR WOODS AGM 2019 Render view from stage 1 terrace homes
Slide 15: Glenside Townhouses
Glenside Townhouses
Slide 16: Operational Excellence: Bushmead, WA
Operational Excellence: Bushmead, WA Around 900 lots 16km from city in high performing corridor 7-8 years remaining Mix of land & townhouses High customer satisfaction Strong sustainability credentials Industry award Lancaster Apartments Artist’s impression Target Australia Headquarter
Slide 17: Bushmead, WA
Bushmead, WA
Slide 18: Bushmead, WA
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Slide 19: Earnings Growth: Acquisitions
Earnings Growth: Acquisitions Five recent acquisitions: • Wollert, VIC - $56.65m on deferred payment terms Geography • Subiaco, WA – $15.05m on deferred payment terms • Hamersley, WA – $21.2m on deferred payment terms • Piara Waters, WA – $1.75m • Brabham, WA – $28.25m on deferred payment terms
Slide 20: Outlook
Outlook Sentiment is improving & gains are expected in some markets over FY20 Low interest rates, continuing population growth & government incentives support demand Moderately lower earnings expected in FY20, with growth targeted over the medium term Long pipeline of quality projects & development
Slide 21: Agenda
Agenda 1 Chairman’s Address Mr William Hames 2 Managing Director’s Review Mr Nathan Blackburne 3 Formal Business • Ordinary Business: Consideration of financial report • Ordinary Resolution 1: Re-election of retiring director William George Hames • Ordinary Resolution 2: Re-election of retiring dire
Slide 22: 1. Ordinary Business
1. Ordinary Business To receive and consider the financial statements for the year ended 30th June 2019 and the accompanying directors’ report, directors’ declaration and auditor’s report. Geography Price Point 22 CEDAR WOODS AGM 2019
Slide 23: Poll Procedure
Poll Procedure A poll will be conducted for Ordinary Resolutions 1 – 4 Geography Price Point 23 CEDAR WOODS AGM 2019
Slide 24: 2. Ordinary Resolution 1
2. Ordinary Resolution 1 Re-election of retiring director That William George Hames, having retired in accordance with the company’s constitution and, Geography being eligible, offers himself for re-election, be re- elected as a director of the company. Summary of 259 proxy votes received totaling 5
Slide 25: 3. Ordinary Resolution 2
3. Ordinary Resolution 2 Re-election of retiring director That Robert Stanley Brown, having retired in accordance with the company’s constitution and, Geography being eligible, offers himself for re-election, be re- elected as a director of the company. Summary of 259 proxy votes received totaling 5
Slide 26: 4. Ordinary Resolution 3
4. Ordinary Resolution 3 Remuneration report That the remuneration report that forms part of the directors’ report for the Geography financial year ended 30 June 2019, be adopted. Summary of 259 proxy votes received totaling 35,558,445 shares # % For 32,768,062 92.93 Against 661,612 1.88 Open 1,828,
Slide 27: 5. Ordinary Resolution 4
5. Ordinary Resolution 4 Approval for the issue of Performance Rights under the LTI Plan to Mr Nathan Blackburne or his nominee That, for the purposes of Listing Rule 10.14Geography and for all other purposes, shareholders of the Company authorise and approve the issue of 120,735 Performance Rights
Slide 28: Agenda
Agenda 1 Chairman’s Address Mr William Hames 2 Managing Director’s Review Mr Nathan Blackburne 3 Formal Business • Ordinary Business: Consideration of financial report • Ordinary Resolution 1: Re-election of retiring director William George Hames • Ordinary Resolution 2: Re-election of retiring dire
Slide 29: Poll Results
Poll Results • Ordinary Resolution 1: Re-election of retiring director William Hames • Ordinary Resolution 2: Re-election of retiring director Robert Brown • Ordinary Resolution 3: Remuneration report • Ordinary Resolution 4: Performance rights
Slide 30: Office Contact Details
Perth Office Melbourne Office Ground Floor, 50 Colin Street Level 1, 476 St Kilda Road West Perth WA 6005 Melbourne VIC 3004 T: (08) 9480 1500 T: (03) 9820 1777 E: perth@cedarwoods.com.au E: melbourne@cedarwoods.com.au Brisbane Office Adelaide Office Level 6, 12 Creek Street 1 Mulberry Road Brisbane
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