Cvc Limited · ASX:CVC

Cvc — Bell Potter Small Cap Conference 2007

14 slides from Cvc's conference presentation, Nov 19, 2007

  1. Slide 1: Presentation to Bell Potter Small Cap Conference: Unlocking Value

    For personal use only Presentation to Bell Potter Small Cap Conference v Unlocking Value CVC Limited November 2007

  2. Slide 2: Who is CVC Limited?

    For personal use only Who is CVC Limited? • Diversified investment group with $390m assets under management* • Medium to long term investment focus 2 • Activist investment style CVC Limited: Small Cap Conference • Portfolio includes - cornerstone stakes in listed companies - general portfolio listed

  3. Slide 3: Overview of 2007 Result

    For personal use only Overview of 2007 Result 2005 2006 2007 NPAT $23.97m $23.31m $30.76m 3 EPS (Diluted) 20.7c 19.0c 23.7c* CVC Limited: Small Cap Conference DPS 5.0c 6.0c 15.0c ROA 20.3% 17.1% 21.4% ROE* 28.0% 20.8% 33.8% (including unrealised gains) *EPS based on weighted average shares on issue

  4. Slide 4: CVC Group of Companies

    For personal use only CVC GROUP OF COMPANIES CVC Limited ASX:CVC Market cap $320m Cash at Bank $75m 4 CVC Limited: Small Cap Conference Listed Investments Private Equity Direct Property Funds CVC Capital Investments Management Markets 9 cornerstone Private 5 Projects 4 Satellite Funds Investments Co

  5. Slide 5: Listed investments

    For personal use only Listed investments • $270m portfolio market value • Cornerstone stakes in 15 mid, small and micro cap stocks 5 • 15% hurdle rate – capital growth and income CVC Limited: Small Cap Conference • Activist style, unlocking value, “hands on” approach to drive growth • Case studies –

  6. Slide 6: Listed investments: cornerstone stakes recently acquired

    For personal use only Listed investments • Cornerstone stakes recently acquired: MARKET CAP CVC Holding 6 CVC Limited: Small Cap Conference Blue Energy Limited $132m 20% Cellnet Group $31m 23% Mercury Mobility $31m 26% Tri-Origin $112m 8% Pro-Pac Packaging $56m 25%

  7. Slide 7: Private equity

    For personal use only Private equity • $30m total portfolio • Acquire substantial stakes in private growth companies, usually ungeared 7 • Similar to small cap investment strategy CVC Limited: Small Cap Conference • Actively partner with investees to grow value • Manage exit process at appropriate p

  8. Slide 8: Direct property

    For personal use only Direct property • 5 developments underway with $200m plus end value - Alexandria, Sydney – Commercial/Industrial 8 - Geelong – Bulky goods - Gordon - Residential CVC Limited: Small Cap Conference - Wagga – Bulky goods - Shepparton – Bulky goods • All in JVs with development par

  9. Slide 9: Funds management

    For personal use only Funds management • Total assets under management of approximately $90m • 4 vehicles: 9 CVC Trinity Property Fund (listed property trust, ASX:CJT) CVC Limited: Small Cap Conference CVC Sustainable Investments Limited (environmental focus) CVC Reef (Renewable Energy Equity Fund)

  10. Slide 10: CVC Capital Markets

    For personal use only CVC Capital Markets • Established in July 2007 to maximise profitability from financing and M&A activity • Initially providing corporate finance services to CVC group investee companies 10 • Expected to contribute significantly to 2007/2008 profitability CVC Limited: Small Cap

  11. Slide 11: Shareholder value – net asset overview since Feb '07 placement

    For personal use only Shareholder value – net asset overview since Feb ’07 placement Placement price $2.00 Net assets as at November 2007 $2.05 11 Dividends 2007 CVC Limited: Small Cap Conference Feb 2007 6 cents Apr 2007 3 cents Nov 2007 6 cents $0.15 $2.20 Implied asset growth since February 2007

  12. Slide 12: Valuation overview

    For personal use only Valuation overview NTA 16 November - $2.05 Share price 16 November - $1.72 12 Discount to NTA - 16.1% CVC Limited: Small Cap Conference EPS FY 07* - 18.0c* PE FY 07 * - 9.5x EPS FY 08 - 20.4c PE FY 08 - 8.4x *FY07 NPAT of $31m based on shares on issue as at Nov 7 (excludes the

  13. Slide 13: Unlocking value

    For personal use only Unlocking value • Invest in listed and private growth companies for medium term capital growth and income 13 • Recycle assets and capital on main balance sheet more frequently CVC Limited: Small Cap Conference • Grow funds (and assets) under management in external vehicles • In

  14. Slide 14: Presentation to Bell Potter Small Cap Conference: Unlocking Value

    For personal use only Presentation to Bell Potter Small Cap Conference v Unlocking Value CVC Limited November 2007

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