Cromwell Property Group · ASX:CMW
Cromwell Property — Shareholder Meeting (November 2020)
17 slides from Cromwell Property's shareholder meeting presentation, Nov 18, 2020
Slide 1: ASX cover letter for 2020 AGM Presentation
Wednesday 18 November 2020 For personal use only ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam Cromwell Property Group (ASX:CMW) 2020 AGM Presentation Attached is a copy of Cromwell Property Group’s 2020 AGM Presentation. Yours faithfully CROMWELL PR
Slide 2: 2020 AGM Presentation
For personal use only 2020 AGM PRESENTATION 18 November 2020 CROMWELL PROPERTY GROUP
Slide 3: Important Information & Disclaimer
Important Information & Disclaimer For personal use only This presentation including its appendices they deem necessary or consider appropriate for their and the issuer of units in the Cromwell Direct Property (Presentation) is dated 18 November 2020 and has particular jurisdiction. Fund ARSN 165 01
Slide 4: Directors
Directors For personal use only Leon Blitz Paul Weightman Tanya Cox Andrew Fay Independent Managing Director / Independent Independent Non-executive Non-executive Chair Chief Executive Officer Non-executive Director Deputy Chair Joseph Gersh AM John Humphrey Lisa Scenna Jane Tongs Dr Gary Weiss AM N
Slide 5: Meeting Agenda
Meeting Agenda For personal use only 1 Open 2 Chair’s Address 3 CEO’s Address 4 Formal Voting 5 Items of Business 6 Questions CROMWELL PROPERTY GROUP 4
Slide 6: Chair's Address
For personal use only SECTION 2 Chair’s Address CROMWELL PROPERTY GROUP
Slide 7: Cromwell Property Group Overview
Cromwell Property Group Overview Group statistics as at 30 June 2020 For personal use only Office Locations Portfolio Platform A$11.5bn €7.1bn 460+ AUM people 225 14 properties countries 3.4m 27 sqm offices 3,000 tenants CROMWELL PROPERTY GROUP 6
Slide 8: CEO's Address
For personal use only SECTION 3 CEO’s Address CROMWELL PROPERTY GROUP
Slide 9: FY20 Group Financial Highlights
FY20 Group Financial Highlights Overview – as at 30 June 2020 For personal use only Earnings and Distributions Platform Financial Position Underlying operating Direct Property Investment profit1 $3.0 billion value NTA per unit Liquidity3 $221 million 5.6% WACR 6.2 year WALE $0.99 $667 million up 27.
Slide 10: Strategy Summary
Strategy Summary Overview For personal use only Core Defensive government base, long WALE, strong covenants, low capex and structured growth Direct Property Core+ Generate leasing upside and take advantage of short term market trends Investment Active/For sale Drive outperformance from repositioning
Slide 11: FY20 Segment Results
FY20 Segment Results Financial and Capital Management Update For personal use only FY20 Commentary FY20 Segment Profit1 Versus PCP Direct Property Investment FY20 FY19 Change Segment profit of $172.2 million (+26.5%) driven by strong like-for-like NOI ($m) ($m) growth across Core and Core+ portfolio
Slide 12: COVID-19 Tenant-Customer Negotiations
COVID-19 Tenant-Customer Negotiations Overview For personal use only Direct Property Investment Portfolio FY20 COVID-19 position – Australian portfolio National Code of Conduct requires landlords to provide rent relief to SMEs impacted by COVID-19 $250.0 $228.9 $219.3 Only 93 SMEs representing l
Slide 13: Capital Position
Capital Position Financial and Capital Management Update For personal use only Strong Debt Profile and Balance Sheet Position Group Gearing (2009 to 2020) Substantial liquidity of $667 million consisting of cash 55 and cash equivalents of $194 million with the balance 50 consisting of undrawn dome
Slide 14: Formal Voting
For personal use only SECTION 4 Formal Voting CROMWELL PROPERTY GROUP
Slide 15: Items of Business
For personal use only SECTION 5 Items of Business CROMWELL PROPERTY GROUP
Slide 16: Questions
For personal use only SECTION 6 Questions CROMWELL PROPERTY GROUP
Slide 17: For personal use only
For personal use only CROMWELL PROPERTY GROUP
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