Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Shareholder Meeting (2025)
26 slides from Cedar Woods Properties's shareholder meeting presentation, 2025
Slide 1: Annual General Meeting 2025
Annual General Meeting 2025 Bushmead, WA
Slide 2: Agenda
ANNUAL GENERAL MEETING 2025 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 – Robert S Brown • Ordinary Resolution 2: Adop
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Mr William G Hames 3 Ellendale, QLD
Slide 4: Strategy
CHAIRMAN’S ADDRESS STRATEGY To grow our national project portfolio, diversified by geography, product type & price point, so that it continues to hold Geography Product Type Price Point broad customer appeal & Good geographic spread Range of housing lots, Wide range of price performs well in a range
Slide 5: FY25 Summary
CHAIRMAN’S ADDRESS FY25 SUMMARY NET SALES PRESALE CONTRACTS NET PROFIT AFTER TAX $48.1m Up 19% TOTAL REVENUE $465.9m 1,264 lots $660m Lots / homes / offices sold Up 21% SETTLEMENTS RETURN ON EARNINGS PER SHARE 58.4c EQUITY Up 19% TOTAL DIVIDENDS PER SHARE 29.0c 1,125 lots 10% Up 16% Lots / homes / o
Slide 6: Share Price Performance
CHAIRMAN’S ADDRESS SHARE PRICE PERFORMANCE Share Price Performance ◼ Strong recovery in CWP share price over FY25, CWP.ASX XSI.ASX 180% with growth continuing into FY26 – up 27% 180% since year end & up 80% since 1 July 2023 170% 160% 150% ◼ Momentum building within the business with 140% more proje
Slide 7: Managing Director's Review
MANAGING DIRECTOR'S REVIEW Mr Nathan Blackburne Greville, QLD 7
Slide 8: Business Overview
MANAGING DIRECTOR’S REVIEW BUSINESS OVERVIEW ◼ Property development company with 35+ year track record of delivering growing earnings for shareholders ◼ Portfolio of 35 quality projects & a pipeline of over 9,400 lots/units to support future earnings ◼ Land acquired in 4 states in FY25 including 2 m
Slide 9: 1Q26 Update
MANAGING DIRECTOR’S REVIEW 1Q26 UPDATE ◼ Momentum in business with good sales volumes & price growth, as the Gross Sales Volumes by Quarter Company releases new product into a # 450 significantly undersupplied housing 400 market 350 ◼ Record presales of $763m at the end of 300 Q1 ($560m pcp), up 36%
Slide 10: Partnerships: QIC & TGRE
MANAGING DIRECTOR’S REVIEW PARTNERSHIPS: QIC & TGRE ◼ Good traction with partnering strategy with 2 key relationships, 2 projects completed & 3 underway ◼ Objective is to scale up the business & earnings in a capital efficient manner ◼ Partnerships improve return metrics, leverage the existing skill
Slide 11: ESG
MANAGING DIRECTOR’S REVIEW ESG ◼ Projects & workplaces have good sustainability credentials & emissions reduction practices ◼ Eglinton, WA microgrid commissioned in FY25 ◼ Work ongoing in measuring & reducing project & corporate GHG emissions & preparing for mandatory reporting ◼ National relationsh
Slide 12: Housing Sector Tailwinds
MANAGING DIRECTOR’S REVIEW HOUSING SECTOR TAILWINDS Housing undersupply Policy support House prices outlook ◼ Supply of new housing remains near the ◼ Housing shortage is a Federal issue with ◼ Undersupply & interest rate outlook lowest level in a decade. 174,000 dwellings several major initiatives
Slide 13: Housing Sector Tailwinds (Continued)
MANAGING DIRECTOR’S REVIEW HOUSING SECTOR TAILWINDS (CONTINUED) Lower Interest Rate Strong Employment Population Growth ◼ Three 0.25% interest rate ◼ Job security is a key factor in determining ◼ Population growth materially supports reductions, taking cash rate to housing sales volumes the new hous
Slide 14: Projects Showcase
PROJECTS SHOWCASE 14 Corio, VIC Glenside, SA
Slide 15: Millars Landing, WA
MILLARS LANDING, WA ◼ Located in north Baldivis, 38km south of Perth ◼ 1,500+ lot masterplanned community ◼ Approx. 300 completed & 1,200 remaining ◼ Numerous stages under construction ◼ High demand location for affordable house & land ◼ 10% price growth achieved over FY25, and 13% achieved in FY26
Slide 16: Flourish, QLD
FLOURISH, QLD ◼ Located in South Maclean, 46km south of Brisbane ◼ 577 lot residential masterplanned community ◼ ~258 lots completed to date & 319 lots remaining ◼ High demand for affordable house & land ◼ ~35% price growth achieved over FY25 and more in FY26 so far ◼ Average lot size 375 sqm ◼ Aver
Slide 17: Outlook
MANAGING DIRECTOR’S REVIEW OUTLOOK ◼ Favourable conditions for the sector: low supply; easing interest rates; strong population growth; low unemployment; government stimulus & incentives ◼ Record forward presales of $763m at 30 Sept 2025 Image caption ◼ Strong balance sheet with low gearing & signif
Slide 18: Ordinary Business
FORMAL BUSINESS ORDINARY BUSINESS To receive & consider the financial statements of the Company for the year ended 30 June 2025 & the accompanying directors’ report, directors’ declaration & auditor’s report 18 18 Boston Commons, VIC
Slide 19: Poll Procedure
FORMAL BUSINESS Poll Procedure A poll will be conducted for Ordinary Resolutions 1 – 6 19
Slide 20: Ordinary Resolution 1
FORMAL BUSINESS ORDINARY RESOLUTION 1 Re-election of retiring director That Robert S Brown, having retired in accordance with the Company’s constitution and, being eligible, offers himself for re-election, be re-elected as a director of the Company. Summary of proxy votes received totalling 41,198,8
Slide 21: Ordinary Resolution 2
FORMAL BUSINESS ORDINARY RESOLUTION 2 Adoption of Remuneration report That the remuneration report that forms part of the Company’s directors’ report for the financial year ended 30 June 2025, be adopted. Summary of proxy votes received totalling 31,746,552 shares # % For 29,517,125 92.99 Against 29
Slide 22: Ordinary Resolution 3
FORMAL BUSINESS ORDINARY RESOLUTION 3 Approval for the issue of 35,863 Zero-Price Options (ZEPOs) under the FY25 deferred STI Plan to Mr Nathan Blackburne or his nominee That, for the purposes of Listing Rule 10.14 and for all other purposes, shareholders of the Company authorise and approve the iss
Slide 23: Ordinary Resolution 4
FORMAL BUSINESS ORDINARY RESOLUTION 4 Approval for the issue of 111,416 Performance Rights under the FY26 LTI Plan to Mr Nathan Blackburne or his nominee That, for the purposes of Listing Rule 10.14 and for all other purposes, shareholders of the Company authorise and approve the issue of 111,416 Pe
Slide 24: Atwater, WA
‘Atwater, WA 24
Slide 25: Harrisdale, WA
25 Harrisdale, WA
Slide 26: Office contacts and disclaimer
Perth Office Melbourne Office Level 4, 50 Colin Street Level 5, 412 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, 100 Edward Street 220 Fullarton Road Brisbane