Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Shareholder Meeting (November 2021)
35 slides from Cedar Woods Properties's shareholder meeting presentation, Nov 3, 2021
Slide 1: Annual General Meeting 2021
For personal use only Annual General Meeting 2021
Slide 2: Agenda
Agenda For personal use only 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: Confirma
Slide 3: Chairman's Address
CHAIRMAN'S ADDRESS For personal use only Mr William G Hames
Slide 4: Chairman's Address: Strategy
CHAIRMAN’S ADDRESS Strategy For personal use only 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 &
Slide 5: ESG Strategy
CHAIRMAN’S ADDRESS ESG Strategy For personal use only 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
Slide 6: FY21 Results Summary
CHAIRMAN’S ADDRESS FY21 Results Summary For personal use only 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 20
Slide 7: Total Shareholder Return Performance
CHAIRMAN’S ADDRESS Total Shareholder Return Performance For personal use only 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 For personal use only 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: Confirma
Slide 9: Managing Director's Review
MANAGING DIRECTOR'S REVIEW For personal use only Mr Nathan Blackburne
Slide 10: FY21 Overview
MANAGING DIRECTOR’S REVIEW FY21 Overview For personal use only 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 developme
Slide 11: Earnings Growth: Acquisitions
MANAGING DIRECTOR’S REVIEW Earnings Growth: Acquisitions For personal use only 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 commu
Slide 12: Projects Showcase
For personal use only PROJECTS SHOWCASE Townhouses, St A 12
Slide 13: Glenside, SA
For personal use only Glenside, SA Townhouses, St A
Slide 14: Monarch Apartments, Glenside
Monarch Apartments, Glenside For personal use only Townhouses, St A
Slide 15: Glenside Townhouses
Glenside Townhouses For personal use only Townhouses, St A
Slide 16: Mason Quarter, VIC
For personal use only Mason Quarter, VIC 16
Slide 17: Townhouses at Mason Quarter, VIC
Townhouses at Mason Quarter, VIC For personal use only
Slide 18: Incontro, Subiaco
Incontro, Subiaco For personal use only Townhouses, St A
Slide 19: Incontro Townhouses, Subiaco
Incontro Townhouses, Subiaco For personal use only Townhouses, St A
Slide 20: Incontro Apartments, Subiaco
Incontro Apartments, Subiaco For personal use only Townhouses, St A
Slide 21: Market Conditions – New Housing Sector
MANAGING DIRECTOR’S REVIEW Market Conditions – New Housing Sector For personal use only 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 s
Slide 22: Outlook
MANAGING DIRECTOR’S REVIEW Outlook For personal use only 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
Slide 23: Agenda
Agenda For personal use only 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: Confirma
Slide 24: Formal Business
For personal use only FORMAL BUSINESS
Slide 25: Ordinary Business
FORMAL BUSINESS PROJECT Ordinary Business For personal use only 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 For personal use only A poll will be conducted for Ordinary Resolutions 1 – 5 Price Point 26
Slide 27: Re-election of retiring director
FORMAL BUSINESS Ordinary Resolution 1 For personal use only 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
Slide 28: Appointment of director
FORMAL BUSINESS Ordinary Resolution 2 For personal use only 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 C
Slide 29: Adoption of Remuneration report
FORMAL BUSINESS Ordinary Resolution 3 For personal use only 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
Slide 30: Approval for issue of Zero-Price Options to Managing Director
FORMAL BUSINESS Ordinary Resolution 4 For personal use only 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 appr
Slide 31: Approval for issue of Performance Rights to Managing Director
FORMAL BUSINESS Ordinary Resolution 5 For personal use only 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
Slide 32: Agenda
Agenda For personal use only 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: Confirma
Slide 33: Questions
For personal use only QUESTIONS
Slide 34: Close of Business
For personal use only BUSINESS CLOSE OF
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 For personal use only E: perth@cedarwoods.com.au E: melbourne@cedarwoods.com.au Brisbane Office Adelaide Office Level 6, 12 Creek Street 22
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