Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Shareholder Meeting (2021)
35 slides from Cedar Woods Properties's shareholder meeting presentation, 2021
Slide 1: Annual General Meeting 2021
jal General Meeting 2021 - = ————
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 – Valerie A Davies • Ordinary Resolution 2: Confirmation of appointment of
Slide 3: Chairman's Address
CHAIRMAN'S ADDRESS Mr William G Hames
Slide 4: Strategy
CHAIRMAN’S ADDRESS Strategy To grow our national project Geography Good geographic spread of well-located projects in 4 states portfolio, diversified by geography, product type and price point, so that it continues to Product Type Range of housing lots, townhouses, apartments & commercial hold broad
Slide 5: ESG Strategy
CHAIRMAN’S ADDRESS ESG Strategy PURPOSE Significant enhancement of ESG Our purpose is to create strategy & reporting in FY21 long-term value for shareholders through the development of vibrant communities. Informed by the Task Force on Climate-related Financial Disclosures (TCFD) Builds on Ced
Slide 6: FY21 Results Summary
CHAIRMAN’S ADDRESS FY21 Results Summary NET PROFIT RETURN NET AFTER TAX ON EQUITY SALES $32.8m 2017 2018 2019 2020 2021 TOTAL REVENUE 8.2% 1,111 $299.8m Above FY2021 target return 2017 2018 2019 2020 2021 EARNINGS NET BANK DEBT PER SHARE SETTLEMENTS TO EQUITY 40.7c 2017 2018 2019 2020 2021 28.3% 1,0
Slide 7: Total Shareholder Return Performance
CHAIRMAN’S ADDRESS Total Shareholder Return Performance CWP S&P ASX 300 PEER GROUP AVERAGE FY21 31.9% 28.5% 35.5% FY20-21 13.5% 8.9% 6.9% VALUES FY19-21 10.5% 9.8% 5.7% FY17-21 14.9% 11.3% 8.4% 7
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 – Valerie A Davies • Ordinary Resolution 2: Confirmation of appointment of
Slide 9: Managing Director's Review
MANAGING DIRECTOR'S REVIEW Mr Nathan Blackburne
Slide 10: FY21 Overview
MANAGING DIRECTOR’S REVIEW FY21 Overview VALUES PURPOSE Financial Strength – Solid FY21 results; record Our purpose is to create presales supporting FY22 & FY23; LowGeography gearing; long-term value for shareholders Ability to perform through the cycles through the development of vibrant Settleme
Slide 11: Earnings Growth: Acquisitions
MANAGING DIRECTOR’S REVIEW Earnings Growth: Acquisitions Portfolio built up to 9500 dwellings, lots, offices PURPOSE Geography 4 acquisitions in past 15 months: Our purpose is to create long-term value for shareholders through the development of • Wollert, VIC vibrant communities. • Burpengary,
Slide 12: Projects Showcase
PROJECTS SHOWCASE Townhouses, St A 12
Slide 13: Glenside, SA
Glenside, SA Townhouses, St A
Slide 14: Monarch Apartments, Glenside
Monarch Apartments, Glenside Townhouses, St A
Slide 15: Glenside Townhouses
Glenside Townhouses Townhouses, St A
Slide 16: Mason Quarter, VIC
Mason Quarter, VIC Sam — WOLLERT — NASON
Slide 17: Townhouses at Mason Quarter, VIC
Townhouses at Mason Quarter, VIC
Slide 18: Incontro, Subiaco
Incontro, Subiaco Townhouses, St A
Slide 19: Incontro Townhouses, Subiaco
Incontro Townhouses, Subiaco Townhouses, St A
Slide 20: Incontro Apartments, Subiaco
Incontro Apartments, Subiaco Townhouses, St A
Slide 21: Market Conditions – New Housing Sector
MANAGING DIRECTOR’S REVIEW Market Conditions – New Housing Sector Strong conditions across apartments, townhouses, land estates & strata offices All state portfolios performing well Low interest rates, supply shortages, job security & pent-up demand are the fundamentals supporting the new hous
Slide 22: Outlook
MANAGING DIRECTOR’S REVIEW Outlook Solid fundamentals supporting the new housing sector & this is expected to continue for some time Our national pipeline of more than 9,500 dwellings, offices & lots, many in high demand locations with low competition, positions the Company well for the future
Slide 23: 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 – Valerie A Davies • Ordinary Resolution 2: Confirmation of appointment of
Slide 24: Formal Business
FORMAL BUSINESS
Slide 25: Ordinary Business
FORMAL BUSINESS PROJECT Ordinary Business TITLE To receive and consider the financial statements for the year ended 30th June 2021 and the accompanying directors’ report, directors’ declaration and auditor’s report.
Slide 26: Poll Procedure
FORMAL BUSINESS Poll Procedure A poll will be conducted for Ordinary Resolutions 1 – 5 Price Point 26
Slide 27: Ordinary Resolution 1
FORMAL BUSINESS Ordinary Resolution 1 Re-election of retiring director That Ms Valerie A Davies, having retired in accordance with the company’s constitution and, being eligible, offers herself for re-election, be re- elected as a director of the company. Summary of proxy votes received totaling 52,
Slide 28: Ordinary Resolution 2
FORMAL BUSINESS Ordinary Resolution 2 Appointment of director That Mr Paul G Say FRICS, FAPI, having been appointed as a director of the Company since the Company’s last annual general meeting and, being eligible, offering himself for election, be elected as a director of the Company. Summary of pro
Slide 29: Ordinary Resolution 3
FORMAL BUSINESS Ordinary Resolution 3 Adoption of Remuneration report That the remuneration report that forms part of the directors’ report for the financial year ended 30 June 2021, be adopted. Summary of proxy votes received totaling 35,932,777 shares # % For 34,679,206 96.82 Against 321,202 0.89
Slide 30: Ordinary Resolution 4
FORMAL BUSINESS Ordinary Resolution 4 Approval for the issue of Zero-Price Options (ZEPOs) under FY21 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 issue of 32,18
Slide 31: Ordinary Resolution 5
FORMAL BUSINESS Ordinary Resolution 5 Approval for the issue of Performance Rights under FY22 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 102,895 Performance Ri
Slide 32: 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 – Valerie A Davies • Ordinary Resolution 2: Confirmation of appointment of
Slide 33: Questions
QUESTIONS
Slide 34: Close of Business
CLOSE OF BUSINESS
Slide 35: 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 220 Fullarton Road Brisb