Slide 1: Investor Presentation Financial Results Year ended 30 June 2019
Investor Presentation Financial Results Year ended 30 June 2019 30 AUGUST 2019 CVC Limited | 30 June 2019 | Investor Presentation 30 August 2019 | 1
Slide 2: Disclaimer
Disclaimer Important Notice Financial amounts This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 (CVC). All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation unless stated otherwise.
Slide 3: CVC Results Summary
CVC Results Summary 1 JULY 2018 – 30 JUNE 2019 • NPAT profit of $1.0m (2018: profit $22.7 million); NPAT loss attributable to 2019 2018 shareholders of $2.1 million Segment Contribution $’millions $’millions • Completion of the development of the Bunnings and associated bulky goods Direct property i
Slide 4: Business Review
Business Review Review Determine Position Monitor Develop Strategy / Progress Execution Pathway Implementation CVC Limited | 30 June 2019 | Investor Presentation 30 August 2019 | 4
Slide 5: Simplification of Business Model
Simplification of Business Model Shareholders can diversify their investment portfolio more efficiently than investment companies can. Previous model Simplification model • Diversified investment company with ✓ Reduce number of strategies and do many different strategies them well • Focus on preserv
Slide 6: Simplification Pathway
Simplification Pathway Implementation Update Next Steps • Strategic review undertaken to identify non- • Continue to implement changes Investment core elements of business model • Update market on rebalanced portfolio Strategy • Initial steps taken to rationalise business model • Development of stra
Slide 7: About CVC – Direct Property Investments
About CVC – Direct Property Investments 1 JULY 2018 – 30 JUNE 2019 2019 Return $31.1m2 $16.4m 55%1 Invested at 30 June 2019 Profit Return No. of Investments 15 2020 Objectives Advancement of major planning projects: • Continue progression of key investments through planning and repositioning • Marsd
Slide 8: About CVC – Property Backed Lending
About CVC – Property Backed Lending 1 JULY 2018 – 30 JUNE 2019 2019 Return $41.3m $5.8m 16%1 Invested at 30 June 2019 Profit Return No. of Investments 14 2020 Objectives • Increase investment position in secured mortgage loans, across both senior and mezzanine opportunities on solid risk adjusted re
Slide 9: About CVC – Funds Management
About CVC – Funds Management 1 JULY 2018 – 30 JUNE 2019 2019 Return $32.4m $1.5m 5%1 Invested at 30 June 2019 Profit Return No. of Investments 6 2020 Objectives - Causeway Wholesale Private Debt Income Fund, a joint venture between CVC and Causeway Financial, commenced the raising of a $75 million •
Slide 10: About CVC – Alternative Assets/Debt
About CVC – Alternative Assets/Debt 1 JULY 2018 – 30 JUNE 2019 2019 Return $9.9m $0.3m 3%1 Invested at 30 June 2019 Profit Return No. of Investments 13 2020 Objectives • Increase investment through fund managers, with established networks and robust credit policies, such as Bigstone Finance and Caus
Slide 11: About CVC – Listed Investments
About CVC – Listed Investments 1 JULY 2018 – 30 JUNE 2019 2019 Return $59.8m ($5.7m) (8.0%1) Invested 43 No. of at 30 June 2019 Profit Return Investments CVC’s current investment portfolio as at 27 August 2019 is as 2020 Objectives follows: • The objective is to rebalance the portfolio to more conce
Slide 12: About CVC – Private Equity Investments
About CVC – Private Equity Investments 1 JULY 2018 – 30 JUNE 2019 2019 Return $11.1m ($1.7m) (11%1 ) Invested at 30 June 2019 Profit Return No. of Investments 38 2020 Objectives Investment Summary • Rebalance the portfolio to more concentrated holdings in high conviction • Investments in Cleanspace
Slide 13: CVC Outlook
CVC Outlook 1 JULY 2019 – 30 JUNE 2020 • Continued transition to the new investment strategy, with a focus on rebalancing the investment portfolio, to reflect high conviction investment into areas where CVC has core capabilities; • Developing and growing the successful direct property investment str