Slide 1: Annual Results Presentation
CVC Limited ASX:CVC Annual Results PRESENTATION Building FINANCIAL YEAR ENDED 30 JUNE 2021 partnerships 25 August | 2021
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE FINANCIAL AMOUNTS This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation unless (CVC). stated otherwise.
Slide 3: CVC Limited – Ethos
CVC Limited – Ethos 1 July 2020 – 30 June 2021 CVC seeks to Our approach We pride invest in great to building ourselves on people and partnerships protecting capital opportunities. aims to deliver an while generating Our focus is often ongoing investment exceptional where others are pipeline through
Slide 4: Results Summary
CVC – Results Summary 1 July 2020 – 30 June 2021 • Significant improvement to trading results throughout the period: Net profit after tax of $28.0m (2020: net loss $2.7m) • Net profit after tax attributable to shareholders $19.5m (2020: net loss $2.1m) • Total fully franked dividends paid relating t
Slide 5: Business Focus
CVC – Business Focus 1 July 2020 – 30 June 2021 2021 2020 Summary of Operations SEGMENT INVESTMENT ALLOCATION % % • Refocus of Business Direct Property 28.46 24.55 – Refinement and rationalisation of business nearing completion Property Backed Lending 40.10 45.91 – Majority of investment exposure no
Slide 6: Segment Reporting
CVC – Segment Reporting 1 July 2020 – 30 June 2021 CVC LIMITED | Annual Results Presentation 25 August 2021 | 6
Slide 7: Direct Property Investments
CVC – Direct Property Investments 1 July 2020 – 30 June 2021 2021 Returns $87.7m1 $23.7m 31.7%2 19 Invested at 30 June 2021 Profit Return No. of Investments Milestones Achieved in Period Investment Thematic • Rezoning of East Bentleigh Property completed • Seek to add value to property through advan
Slide 8: Direct Property: Retail Development Projects
CVC – Direct Property Investments 1 July 2020 – 30 June 2021 Selected Investments – Retail Development Projects Elara Neighbourhood Shopping Centre, Marsden Park, NSW • Contracted to purchase site during FY20 period, sold on fund through in FY21 • 2.5Ha site in Stockland’s Elara Estate • Approval fo
Slide 9: Direct Property: Projects in Planning Approval Processes
CVC – Direct Property Investments 1 July 2020 – 30 June 2021 Selected Investments – Projects in Planning Approval Processes East Boundary Road, East Bentleigh, VIC • Purchased in 2015 in partnership with MAKE Property Group • CVC ownership 50% • 4.3Ha site in ‘middle ring’ South East Melbourne subur
Slide 10: Direct Property: Projects in Planning Approval Processes
CVC – Direct Property Investments 1 July 2020 – 30 June 2021 Selected Investments – Projects in Planning Approval Processes Park Road, Marsden Park, NSW • Purchased in 2013 in partnership with Leamac Property Group • CVC ownership 66% • 151Ha site North West Growth Centre • Rezoning application subm
Slide 11: Property Backed Lending
CVC – Property Backed Lending 1 July 2020 – 30 June 2021 2021 Returns $95.5m2 $13.7m 13.9%1 21 Invested at 30 June 2021 Profit Return No. of Investments Milestones Achieved in Period • All loans running within finance covenants with no defaults in portfolio • Strong pipeline of future investment opp
Slide 12: Selected Property Backed Lending Investments
CVC – Property Backed Lending 1 July 2020 – 30 June 2021 Selected Property Backed Lending Investments Collingwood, VIC • Registered 2nd mortgage investment in a 35 apartment and retail development • Owner occupier market with majority of project presold • Low supply of this product in this location
Slide 13: Non Property Investments
CVC – Non Property Investments 1 July 2020 – 30 June 2021 2021 Returns $46.4m $10.1m 18.1%1 14 Invested at 30 June 2021 Profit Return No. of Investments Milestones Achieved in Period • Rationalisation of portfolio complete (reduced number of investments from 25 to 14) • Participation in CVC Emerging
Slide 14: Selected Equity and Alternative Investments
CVC – Non Property Investments 1 July 2020 – 30 June 2021 Selected Equity and Alternative Investments CVC Emerging Companies Fund I and II • Unlisted 5 year closed end funds • Early stage investment focus • CVC has invested in both funds ($9.8m Fund I, committed to $3.5m Fund II) • Fund I has perfor
Slide 15: FY22 Outlook
CVC – FY22 Outlook Forecast Performance • Nature of CVC portfolio makes forecasting performance difficult • Property backed lending should continue to contribute throughout period • Anticipation that direct property investments will contribute to profit as they are realised • Non property investment
Slide 16: Contact Details
Contact Details Suite 40.04 Level 40 Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 P (02) 9087 8000 W www.cvc.com.au