Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (October 2019)
21 slides from Desane's shareholder meeting presentation, Oct 31, 2019
Slide 1: 2019 Annual General Meeting
2019 ANNUAL GENERAL MEETING Friday, 1 November 2019 Doltone House Jones Bay Wharf, Pyrmont Sydney GROUP HOLDINGS LIMITED
Slide 2: Agenda
AGENDA Chairman’s Address Proxy Voting CEO & Managing Director’s Address Questions desane Annual General Meeting 1 November 2019
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Professor John Sheehan AM desane Annual General Meeting 1 November 2019
Slide 4: Proxy Voting
PROXY VOTING desane Annual General Meeting 1 November 2019 4
Slide 5: Summary
SUMMARY Total number of ASX listed DGH shares on issue are 40.9m DESANE GROUP HOLDINGS LIMITED VALID PROXIES RECIEVED FOR RESOLUTION FOR OPEN AGAINST ABSTAIN Item 1: Consideration of Financial Statements & Reports N/A N/A N/A N/A Item 2: Adoption of Remuneration Report 12,369,344 7,758,023 - - 61% 3
Slide 6: CEO & Managing Director's Address
CEO & MANAGING DIRECTOR’S ADDRESS Phil Montrone OAM desane Annual General Meeting 1 November 2019 6
Slide 7: At a Glance
AT A GLANCE FULL YEAR DIVIDEND NTA PER SHARE $5.25c UPLIFT OF 81% TO $1.43 GROUP FY19 has delivered a strong performance ASSETS $91.9m and cash position following the completion UPLIFT OF of the sale of the Rozelle property 98% TO $27.3m NPAT $39.2m ebit desane Annual General Meeting 1 November 2019
Slide 8: Strengthened Balance Sheet
STRENGTHENED BALANCE SHEET Assets as at 30 June 2019 $5.9m s4, 26-32 PIRRAMA RD, $2.3m PYRMONT $7.2m 13 sirius rd, lane cove $46.2m 91 thornton dr, penrith $7.5m 7 sirius rd, lane cove Total Assets cash and other assets $91.9m 159 Allen st, leichhardt $22.8m desane Annual General Meeting 1 November
Slide 9: Strengthened Balance Sheet
STRENGTHENED BALANCE SHEET Assets as at 30 June 2019 NET ASSET GROWTH DOUBLED CAPITAL GAINS TAX DEFERRAL AVAILABLE 58.4m The Rozelle property was sold to RMS involuntarily as part of the compulsory 30.4m acquisition process which has triggered a CGT event 29.3m Included in the deferred tax liability
Slide 10: Rewarding Shareholders
REWARDING SHAREHOLDERS Revenue projections from income yielding franked dividends paid over past five 5.25cps property acquisitions will provide scope for financial years 16.6% uplift to the full year shareholders to benefit from continued ordinary dividend dividend payments $16.8m fy19 FY19 FY18 FY
Slide 11: Operations
OPERATIONS “Investing for tomorrow, today” desane Annual General Meeting 1 November 2019 11
Slide 12: Property Portfolio
PROPERTY PORTFOLIO NSW ASSETS Desane completed the sale of 68-72 Lilyfield Road for $78.0m in November 2018 The sale of this property resulted in a $38.9m net gain before tax and cash of $45.6m desane Annual General Meeting 1 November 2019 12
Slide 13: Property Portfolio
PROPERTY PORTFOLIO Delivering strong returns with a quality diversified property portfolio NSW ASSETS 2 x mature industrial/commercial assets located in Lane Cove 2 comprising approximately 5,000m + NLA Successful negotiation of a new five year lease with an existing tenant, combined with the existi
Slide 14: Property Portfolio
PROPERTY PORTFOLIO Delivering strong returns with a quality diversified property portfolio QLD ASSET Entered into an unconditional contract for the purchase of a 21,750m2 industrial property located in the Brisbane suburb of Wacol Leased on a 10+5+5 with Brisbane City Council This property is a qual
Slide 15: Development Pipeline: Allen Street, Leichhardt
DEVELOPMENT PIPELINE 159 ALLEN STREET, LEICHHARDT 2 2,782m property located in the Sydney city fringe Development approval received for 46 residential apartments Close to public services and amenities A valuable addition in a much sought after area desane Annual General Meeting 1 November 2019 15
Slide 16: Development Pipeline: Norton Street, Leichhardt
DEVELOPMENT PIPELINE 318 - 322 NORTON STREET, LEICHHARDT 2 607m mixed use property The property has DA approval for 9 residential units and could be utilised under the new age boarding house provisions of the SEPP Discussions have been had with a number of co-living housing providers desane Annual G
Slide 17: Development Pipeline: Thornton Drive, Penrith
DEVELOPMENT PIPELINE 91 THORNTON DRIVE, PENRITH Desane is progressing with its planning proposal for its 1.2 ha site in Penrith The proposal has the potential to provide a mixed use development 400m from Penrith train station, in an area that has been transformed over the past three years desane Ann
Slide 18: Loan Portfolio Investment
LOAN PORTFOLIO INVESTMENT Senior debt with 1st mortgage 26-30 HALLORAN STREET, LILYFIELD VARIOUS Type: Commercial industrial building Type: Various commercial properties Size: 1,963 sqm Size: N/A Facility amount: $6.0m Facility amount: $1.0m Term: 12 months Term: 12 months Interest rate: 8%pa (12%pa
Slide 19: FY20 Outlook
FY20 OUTLOOK What next? generating sustainable revenue streams creating long term investment growth applying “It’s pointless parking money under the mattress a disciplined acquisition and waiting. strategy Look for the best returns from the available what next? building investment choices.” Frank Ge
Slide 20: Questions
QUESTIONS desane Annual General Meeting 1 November 2019 20
Slide 21: Disclaimer
DISCLAIMER This presentation paper has been published for information only. The information contained in this presentation paper is of general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any readers financial position or needs. As
Desane Group Holdings — Shareholder Meeting (October 2019) on 6ix