Desane Group Holdings Ltd · ASX:DGH
Desane — H1 FY2015 Earnings Presentation
15 slides from Desane's earnings presentation, Mar 2, 2015
Slide 1: Half Year Ended 31 December 2014 Results Presentation
For personal use only lf year ended Half d d 31 December b 2014 Results Presentation 2 March 2015 2M March h 2015
Slide 2: Highlights
Highlights Maintained focus on core strategy For personal use only Net profit after tax (NPAT) increased by 121% to $1.1 $1 1 million Earnings per share (EPS) increased to 3.79 cents from 1.71 cents Earnings before interest and tax (EBIT) increased by 70% to $2.0 million Total revenue increa
Slide 3: Financial results
Financial results Strong interim financial result For personal use only Key earnings metrics 6 months to 6 months to • December 2014 interim financial result 31 Dec 2014 31 Dec 2013 reflects strong earnings from 100% Operational revenues $1.5m $1.0m occupancy rates, strong rental returns and effecti
Slide 4: Summarised income statement
Summarised income statement Interim result for the six months ended 31 December 2014 For personal use only Summarised statutory income statement 6 months to 6 months to 31 Dec 2014 31 Dec 2013 Revenue R t l income Rental i $1 1 $1.1m $0 9 $0.9m Property management & property services $0.4m $0.1m Unr
Slide 5: Summarised balance sheet
Summarised balance sheet As at 31 December 2014 For personal use only Summarised balance 6 months to 6 months to sheet 31 Dec 14 31 Dec 13 Assets Cash $5.3m $0.02m Investment properties $46.4m $36.8m Other assets $2.8m $11.1m TOTAL ASSETS $54 5 $54.5m $47 9 $47.9m Liabilities Interest bearing loans
Slide 6: Capital management
Capital management Conservative balance sheet maintained and borrowing costs minimised For personal use only Key metrics As at 31 Dec 2014 As at 31 Dec 2013 • Gearing at 43% as at December 2014 2014. The Board’s target gearing range is 35% Finance debt facility $29.7m $19.6m limit • Long term financ
Slide 7: Dividends
Dividends Dividend Policy introduced For personal use only 2015 2014 2013 2012 Interim 2.0c Nil Nil Nil Special dividend 2.0c (Fully Franked) Fi l dividend Final di id d 1 0 (Unfranked) 1.0c 10 1.0c 10 1.0c Franking 100% Nil Nil • Dividend policy introduced (see Desane’s ASX announcement on 18 Febru
Slide 8: Portfolio summary
Portfolio summaryy Quality property portfolio diversified across key industrial markets For personal use only • All operational investment properties Key portfolio metrics 31 Dec 2014 31 Dec 2013 have been 100% leased with medium to long term lease covenants. Number of operational 4 4 investment pro
Slide 9: Property details – NSW
Property p y details – NSW 7 Sirius Road, Lane Cove, NSW 13 Sirius Road, Lane Cove, NSW For personal use only Ownership/title 100%, freehold Ownership/title 100%, freehold Current valuation $4.6m Current valuation $3.7m Cap rate 8.0% Cap rate 8.0% Gross building b l area 2,778 sqm Gross building are
Slide 10: Property details – NSW
Property p y details – NSW 7‐9 Orion Road, Lane Cove, NSW 68‐72 Lilyfield Road, Rozelle, NSW For personal use only Ownership/title 100%, freehold Ownership/title 70% Current valuation $11.2m Current valuation $15.4m Cap rate 8.0% Cap rate 7.7% G Gross b building ildi area 5 766 sqm 5,766 Gross build
Slide 11: Development Portfolio
Development p Portfolio For personal use only • Desane obtained planning approval to construct a four storey residential apartment complex with 29 residential apartments, 45 car parking spaces and 3 ground floor commercial/retail units • Construction is progressing well and is expected to be complet
Slide 12: Outlook
Outlook Continued focus on executing core strategy For personal use only Franked dividends Exposure to quality Australian industrial properties located in major metropolitan areas in Sydney Stable earnings and sustainable rental growth Potential for capital growth over time Conservative capital stru
Slide 13: Management team and Board
Management team and Board Desane Group Holding Ltd is managed by an experienced senior For personal use only management team and independent board Independent p Board Senior Management g Team Prof. John Sheehan Phil Montrone OAM Jack Sciara RickJack Sciara Montrone Chairman Sheehan Managing Director
Slide 14: “The Desane Way” Company History
“The Desane Way” Company History For personal use only Desane Group Holdings Ltd listed on the Australian Desane has: Securities Exchange in 1987. Acquired and retained properties located in high value, high growth Since listing on the Australian Securities Exchange, districts, particularly those
Slide 15: Directory
DIRECTORY Principal Registered Office in Australia Auditor 68‐72 Lilyfield Road, Rozelle, NSW 2039 GCC Business & Assurance Pty Ltd Suite 807, 109 Pitt Street, Sydney NSW 2000 Postal address: PO Box 331, Leichhardt NSW 2040 For personal use only Telephone: (02) 9555‐9922 Solicitors F i il (02) 9555
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