Elanor Investors Group · ASX:ENN
Elanor Investors — FY2021 Earnings Presentation
26 slides from Elanor Investors's earnings presentation, Aug 23, 2021
Slide 1: ASX cover letter: Authority and Contact Details
23 August 2021 Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam Attached is the Elanor Investors Group (ASX:ENN) FY21 Preliminary Results Presentation. Yours sincerely, Symon Simmons Company Secretary Elanor Funds Management Limited Au
Slide 2: Elanor Investors Group FY21 Preliminary Results Presentation
Elanor Investors Group FY21 Preliminary Results Presentation ASX: ENN 23 August 2021 1
Slide 3: Contents
Contents 1. Group Overview 2. Funds Management 3. Investment Portfolio 4. Preliminary Financial Results 5. Outlook 2
Slide 4: Group Overview
Seanot® Group Overview 1
Slide 5: Australian real estate funds manager delivering leading investment performance
Australian real estate funds manager delivering leading investment performance Highly scalable investment management platform $2.1bn Funds under Management $511m $209m $930m $425m Hotels, Tourism & Office Healthcare Retail Leisure $394m $117m $209m $249m $681m $360m $65m Elanor Unlisted Multi-asset
Slide 6: Australian real estate funds manager well positioned for growth
Australian real estate funds manager well positioned for growth Assets Under Management $2.3bn Funds Under Management Balance Sheet Investments $2.1bn $0.2bn Elanor Commercial Property Fund Elanor Commercial Property Fund (ASX:ECF) (ASX:ECF) Listed FUM $394m $38m (15.0%) Investments Listed Elanor Re
Slide 7: FY21 Preliminary Results: Highlights
FY21 Preliminary Results: Highlights Group Results Funds Management Co-Investments Investment Capacity Core Earnings Funds Under Distributions from Cash and Available Management Co-investments Debt $15.15m $2.07bn $11.06m $37.9m • 2% decrease on FY20 23% increase on 89% increase on 113% increase on
Slide 8: Well positioned for growth in FY22
Well positioned for growth in FY22 Core Earnings Funds Management Strong Investment Available Capital and Performance Investment Capacity Funds Management Strong pipeline of Elanor has delivered an Cash and available income grew by 38% in opportunities in all key average IRR of 19% on debt of $38m (
Slide 9: FY21 Results: Strong growth in funds management income
FY21 Results: Strong growth in funds management income Strong Earnings Growth Prospects FY21 ($m) FY20 ($m) FY22 Comment Funds management EBITDA Management Fees 18.7 13.7 Acquisition / Transaction Fees 6.1 4.2 Leasing and Development Fees 3.1 1.8 The three key drivers of Performance Fees 1.8 1.8 Cor
Slide 10: Elanor Investors group profile
Elanor Investors group profile Our Focus Key Real Estate Sectors ASX:ENN Elanor Investors Unlocking value in real estate assets Hotels, Tourism and Leisure across Australia and New Zealand Group is an Australian Office real estate funds Assets Under Management management Healthcare business A$2.3 bi
Slide 11: Funds Management
Seanot® 7 2 Funds Management
Slide 12: Continued growth in FUM
Continued growth in FUM FUM Compound Annual Growth Rate (CAGR) of 57% p.a. since listing in July 2014 Funds Under Management (FUM) 2,500 of approximately $2.1bn as at 30 June 2021 reflects a CAGR of 57% since Elanor’s IPO in 2,000 July 2014 1,500 New FUM of $374m $ millions $2,075 in FY21 1,000 $87
Slide 13: Continued growth in funds management income
Continued growth in funds management income Funds Management Income 35,000 30,000 25,000 ($000’s) 20,000 15,000 10,000 5,000 0 FY18 FY19 FY20 FY21 Performance Fees 338 1,297 1,756 1,806 Acquisition Fees 3,997 3,694 4,228 6,063 Leasing & Dev. Fees - - 1,802 3,090 Management Fees 9,374 10,040 13,702 1
Slide 14: Diversified FUM across Elanor's investment sectors of focus
Diversified FUM across Elanor’s investment sectors of focus Retail Office Healthcare Hotels, Tourism Total and Leisure 2021 $930m $511m $209m $425m $2,075m ASX: ERF $249m ASX: ECF $394m EHREF $209m EMPR $180m Waverley $182m Burke $82m ELHF $179m Fairfield $106m Stirling $36m EWPF $65m Riverside $66m
Slide 15: Delivering leading investment performance and growth in funds under management
Delivering leading investment performance and growth in funds under management Retail Healthcare Hotels, Tourism & Office Leisure FY21 Funds Management Initiatives New FUM: New FUM: New FUM: New FUM: – Riverside Plaza Syndicate – Burke Street Fund ($82.1m) – Woollongabba Community – Hunter Valley Wi
Slide 16: Investment Portfolio
Seanot® Investment Portfolio
Slide 17: Co-Investments in Managed Funds
Co-Investments in Managed Funds Portfolio value($m) Co-Investments 30 June 2021 211 30 June 2021 ($m) 30 June 2020 195 Hunters Plaza Syndicate Waverley Elanor Wildlife Gardens Fund Park Fund Bluewater Square Syndicate Belconnen Markets Elanor Commercial 8 Syndicate 1 11 Property Fund 8 1 38 Elanor R
Slide 18: Income from co-investments in managed funds
Income from co-investments in managed funds ENN Co-Investment ENN Co-Investment ENN Distribution ENN Distribution 30 June 21 30 June 20 FY21 FY20 ($m) (%) ($m) ($m) Office and Healthcare Elanor Commercial Property Fund 38.3 15.0% 3.2 1.8 Elanor Healthcare Real Estate Fund - - 0.1 0.2 Stirling Street
Slide 19: Preliminary Financial Results
Preliminary Financial Results 18
Slide 20: Core Earnings
Core Earnings Summary FY21 FY20 Contribution to Core Earnings ($’000) ($’000) Strong growth in Funds Management income of Funds management income 29,689 21,487 38% to $29.7m Co-investment earnings 11,060 5,837 Balance sheet investment earnings 508 2,010 Profit on sale of assets and co-investments 60
Slide 21: Adjusted Balance Sheet
Adjusted Balance Sheet 30 June 20211 30 June 20201 Summary Balance Sheet $'000 $'000 Assets The Group has significant growth capital from Cash 13,912 17,255 capital recycling of co-investments in ENN’s Receivables 5,672 6,514 Inventories 21 19 managed hotel funds ($80m). The Elanor Hotel Financial a
Slide 22: Outlook
Seanot® Outlook 5
Slide 23: Outlook
Outlook Grow FUM Acquire high investment quality assets with strong income and capital growth potential Grow listed FUM Grow institutional and private Strong Position funds management capital Outlook ENN is well positioned to Current pipeline in all deliver strong investment real estate sectors of f
Slide 24: Appendix
Seanot® Appendix
Slide 25: Managed Fund Property Investment Portfolio Metrics
Managed Fund Property Investment Portfolio Metrics No. of Gross Asset Target Total Vehicle Type Assets Value ($m) Occupancy WALE Gearing Return Office and Healthcare Elanor Commercial Property Fund Listed 7 394 94.6% 4.2yrs 34.5% 13% Stirling Street Syndicate Unlisted 1 36 100.0% 3.5yrs 34.6% 15% El
Slide 26: Disclaimer
Disclaimer This presentation has been authorised for release by the Elanor Investors Group Board of Directors. This presentation has been prepared by Elanor Investors Limited (ACN 169 308 187) and Elanor Funds Management Limited (ACN 125 903 031, AFSL 398196), as responsible entity of Elanor Investm
Elanor Investors Group — FY2021 Earnings Presentation on 6ix