Cromwell Property Group · ASX:CMW
Cromwell Property — Shareholder Meeting (November 2021)
23 slides from Cromwell Property's shareholder meeting presentation, Nov 17, 2021
Slide 1: Annual General Meeting 2021 Addresses and Presentation
Wednesday 17 November 2021 ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000 To whom it may concern Cromwell Property Group (ASX:CMW) Annual General Meeting 2021 Addresses and Presentation In accordance with ASX Listing Rule 3.13.3, I attach a copy of the Chair’s addre
Slide 2: Chair's Address
ASX Announcement 17 November 2021 CHAIR’S ADDRESS Welcome securityholders and attendees to Cromwell’s 2021 Annual General Meeting. I will start with a few remarks before handing over to Managing Director and CEO Jonathan Callaghan. It will be of no surprise that COVID-19 continues to be the dominant
Slide 3: CEO's Address
Cromwell Property Group (ASX:CMW) ASX Announcement 17 November 2021 CEO’S ADDRESS Thank you, Gary. I would like to also extend a warm welcome to securityholders, my fellow Cromwell Directors and attendees joining this meeting both physically and online. This is my first Cromwell Annual General Meeti
Slide 4: Fund and Asset Management Development Pipeline
Cromwell Property Group (ASX:CMW) ASX Announcement 17 November 2021 a 50% interest in LDK Seniors Living. Over the year the Australian investment portfolio of 18 assets increased in value by $101.2 million to be worth $3.1 billion reflecting fair value gains in the portfolio. Cromwell’s significan
Slide 5: FY22 Outlook
Cromwell Property Group (ASX:CMW) ASX Announcement 17 November 2021 FY22 Outlook In August we stated that the economic and social impacts of the pandemic would continue to cause uncertainty and dislocation throughout FY22 and that this was likely to impact market activity and the timing of related t
Slide 6: 2021 AGM Presentation
2021 AGM PRESENTATION 17 November 2021 CROMWELL PROPERTY GROUP
Slide 7: Directors
Directors Dr Gary Weiss AM Eng Peng Ooi Rob Blain Jonathan Callaghan Non-executive Chair Independent Non- Independent Managing Director / executive Deputy Chair Non-executive Director Chief Executive Officer Tanya Cox Joseph Gersh AM Lisa Scenna Jialei Tang Independent Independent Independent Non-ex
Slide 8: Meeting Agenda
Meeting Agenda 1 Open 2 Chair’s Address 3 CEO’s Address 4 Formal Voting 5 Items of Business 6 Questions CROMWELL PROPERTY GROUP 3
Slide 9: Chair's Address
SECTION 2 Chair’s Address CROMWELL PROPERTY GROUP
Slide 10: New Chair, Refreshed Board and New CEO
New Chair, Refreshed Board and New CEO Chronology of Events Sep 2020 Dr Gary Weiss AM and Mr Joseph Gersh AM elected to the Board by securityholder vote Dec 2020 CEO Paul Weightman retires from Cromwell, with CFO Michael Wilde appointed as Acting CEO Mar 2021 Mr Rob Blain and Mr Eng Peng Ooi join th
Slide 11: CEO's Address
SECTION 3 CEO’s Address CROMWELL PROPERTY GROUP
Slide 12: FY21 Financial Summary
FY21 Financial Summary Earnings and Distributions Financial Position Statutory profit1 NTA per unit Liquidity3 $308.2 million A 73.5% increase on the FY20 result $1.02 $675 million (equivalent to 11.78 cps) of $177.6 million (FY20 $0.99) Underlying operating profit1 Weighted average debt Gearing mat
Slide 13: Property Investment Overview
Property Investment Overview Key Property Investment Metrics1 Cromwell’s Objectives Manage leasing expiries, INVESTMENT Assets Valuation WACR WALE Occupancy Australia maximise cashflow and PORTFOLIO 18 $3.1 billion 5.4% 6.1 years 94.7% recycle capital faster CPRF2 Maximise rental income, Assets Valu
Slide 14: Fund and Asset Management
Fund and Asset Management FUM1 Commentary Third Party Funds Under Management Opportunity remains to scale post COVID-19, Australasia Wholesale Funds $5.2 billion with a number of new fund initiatives recently Chatswood 4% 13% launched Retail Funds 14% Phoenix Portfolios 2% Focus on growing FUM $2.4
Slide 15: Assets Acquired and Enhanced
Assets Acquired and Enhanced 400 George Street, Brisbane, QLD, Australia 100 Creek Street, Brisbane, QLD, Australia 545 Queen Street, Brisbane, QLD, Australia HQ North, Fortitude Valley, QLD, Australia CROMWELL PROPERTY GROUP 10
Slide 16: Development Pipeline
Development Pipeline 29 projects across ten different countries at various stages of assessment, planning, approvals and construction Stage 1 Stage 2 Stage 3 Stage 4 Stages 2 – 4: Initial Concept Planning Construction Estimated Assessment Planning Approved Underway End Development Value 19 projects
Slide 17: Development Pipeline
Development Pipeline 19 National Circuit, Barton, ACT, Australia The Joan, Amsterdam, The Netherlands Via Nervesa 21, Milan, Italy Kildean Business Park, Stirling, UK 475 Victoria Avenue, Chatswood, NSW, Australia Artist impressions only, subject to change CROMWELL PROPERTY GROUP 12
Slide 18: FY22 Outlook
FY22 Outlook Outlook continues to be impacted by global pandemic For further information, please contact: The economic and social impacts of the pandemic will continue to cause Jonathan Callaghan uncertainty and dislocation throughout FY22 and are likely to impact market CEO activity and the timin
Slide 19: Formal Voting
SECTION 4 Formal Voting CROMWELL PROPERTY GROUP
Slide 20: Items of Business
SECTION 5 Items of Business CROMWELL PROPERTY GROUP
Slide 21: Questions
SECTION 6 Questions CROMWELL PROPERTY GROUP
Slide 22: Important Information and Disclaimer
Important Information and Disclaimer This presentation including its appendices particular jurisdiction. Opportunities Fund ARSN 602 776 536 (POF), Cromwell (Presentation) is dated 17 November 2021 and has Phoenix Property Securities Fund ARSN 129 580 267 Cromwell Property Group does not guarantee a
Slide 23: Cromwell Property Group
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