Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Investor Presentation (February 2016)
41 slides from Cedar Woods Properties's investor presentation, Feb 11, 2016
Slide 1: ASX Release: Melbourne tour presentation and update on Upper Kedron and Masters
ASX Release 23 June 2015 Cedar Woods Melbourne tour presentation and Properties Limited update on Upper Kedron and Masters ASX Code: CWP CWP is pleased to attach a presentation that is to be provided today to a number of institutional investors and brokers during a tour of some of the company’s Melb
Slide 2: Melbourne Project Tour
Cedar Woods Properties Limited Melbourne Project Tour 23 June 2015
Slide 3: Agenda
Cedar Woods Presentation | 2 Agenda 1. Company overview 2. WA market conditions 3. WA projects update 4. VIC market conditions 5. VIC projects update 6. QLD market conditions 7. QLD projects update
Slide 4: Cedar Woods' Strategy
Cedar Woods Presentation | 3 Cedar Woods’ Strategy To grow and develop a national portfolio, diversified by geography, product type and price point. Property Development Expertise Portfolio Diversity Core competency: industry- Strategically located and diverse leading design, delivery and residentia
Slide 5: Company Outlook
Cedar Woods Presentation | 4 Company Outlook • Full year earnings guidance for FY2015 a record NPAT of $41 million, based on the company’s strong delivery program for 2H FY2015 • FY2016 presales continue to build • The company remains well positioned to maintain profit momentum into FY2016 • Gearing
Slide 6: Strong Property Portfolio & Mature Land Bank
Cedar Woods Presentation | 5 Strong Property Portfolio & Mature Land Bank
Slide 7: Population Growth – Year to Sept 2014
Cedar Woods Presentation | 6 Population Growth – Year to Sept 2014 8,000 7,545 2.5 7,000 2 5,866 6,000 Population 4,741 1.5 Population 5,000 ('000) Growth (%) 4,000 2.1 1 1.8 3,000 1.4 1.5 2,589 0.5 2,000 1,000 0 NSW VIC QLD WA Population at end Sep Qtr 2014 '000 Change over previous year % Source:
Slide 8: Forecast Housing Starts
Cedar Woods Presentation | 7 Forecast Housing Starts VIC QLD WA 35 31.76 31.09 31.05 29.63 29.12 30 28.52 26.83 27.03 25.2 24.91 25 22.73 22.14 22.51 000's 19.38 19.03 20 17.54 17.22 18.35 15 10 5 0 2013/14 (a) 2014/15 2015/16 2016/17 2017/18 2018/19 Source: HIA (May 2015) • Forecast housing starts
Slide 9: Labour Force May 2015
Cedar Woods Presentation | 8 Labour Force May 2015 NSW VIC QLD WA Employment (‘000) 3,690.2 2,958.1 2,351.7 1,375.6 Annual % change 2.4 2.9 0.6 2.2 Unemployment rate (%) 5.7 6.0 6.3 5.1 Source: CBA
Slide 10: WA Employment Analysis
Cedar Woods Presentation | 9 WA Employment Analysis Retail & Wholesale Trade 11% Construction, Rental & Real Estate Mining 14% 9% Manufacturing 8% All other categories 21% Transport, Postal & Warehousing 6% Professional, Scientific, Technical 10% Health 9% Education & Public Admin & Training Safety
Slide 11: WA Market Conditions
Cedar Woods Presentation | 10 WA Market Conditions • Land sales easing in line with population growth • Perth average lot price $256,000, up 4.4% qtr, down 2.5% last 12 months • Sales results depending on location, attributes, competition • Building approvals easing from highs of C13 & C14 • New hom
Slide 12: WA Projects Update
Cedar Woods Presentation | 11 WA Projects Update • Cedar Woods’ experience in WA shows that well-located projects, close to transport infrastructure and in growth corridors, continue to generate strong buyer demand. • Sales activity continued at: – Mariners Cove, Piara Central, Rivergums, Elements,
Slide 13: Brabham – Project Update
Cedar Woods Presentation | 12 Brabham – Project Update • Master-planned community 22km from Perth’s CBD to include 480 lots, sites for a primary school, 3ha neighbourhood park and conservation land • Popular location • Construction commenced May 2015 • First sales release well received • First settl
Slide 14: Bushmead – Project Update
Cedar Woods Presentation | 13 Bushmead – Project Update • 273ha site expected to deliver approximately 750 homes in Hazlemere, 16km from Perth’s CBD • The Local Structure Plan (LSP) lodged with the City of Swan in October 2014 • LSP anticipated to be approved in late CY2015 • Subdivision plan / appl
Slide 15: WA Portfolio Highlights – Mangles Bay
Cedar Woods Presentation | 14 WA Portfolio Highlights – Mangles Bay 14 • Completion of statutory planning in FY16 • Commence construction in FY17
Slide 16: VIC Market Conditions
Cedar Woods Presentation | 15 VIC Market Conditions • Economic conditions are soft despite strong population growth. • Gross State Product growth is forecast to be 2.5% (FY16), 2.75% (FY17), 2.75% (FY18) • The housing sector is experiencing good conditions with strong sales volumes, clearance rates
Slide 17: Carlingford – Project Update
Cedar Woods Presentation | 16 Carlingford – Project Update • 648 lot estate in Lalor with 487 lots completed and settled. • ‘Triangle site’ (100 lots) requires rezoning which is to be undertaken on completion of the Wholesale Markets to the north in mid to late 2015.
Slide 18: Banbury Village – Project Update
Cedar Woods Presentation | 17 Banbury Village – Project Update • 430 dwellings on a 9ha site in Footscray • Award received from UDIA for Best Medium Density Project. • Townhouses (21) under construction and settling in 2016 • Arbour Apartments (38) just completed.
Slide 19: Banbury Village – Masterplan
Cedar Woods Presentation | 18 Banbury Village – Masterplan
Slide 20: Banbury Village – Botanica Apartments
Cedar Woods Presentation | 19 Banbury Village – Botanica Apartments • 101 Apartments • 92 unconditional sales. • Construction started in June 2015. • Settlements in FY17
Slide 21: St A. – Project Update
Cedar Woods Presentation | 20 St A. – Project Update • 250 dwellings on 6.8 ha in St. Albans in Melbourne's North West • Mix of houses, duplexes, townhouses and apartments • Rezoning complete. Demolition complete. • Environmental audit process nearing completion. • $200m new station / level crossing
Slide 22: St. A – Masterplan
Cedar Woods Presentation | 21 St. A – Masterplan
Slide 23: St Albans – Early Project Perspectives
Cedar Woods Presentation | 22 St Albans – Early Project Perspectives
Slide 24: Jackson Green – Masterplan
Cedar Woods Presentation | 23 Jackson Green – Masterplan • Lot yield of 300+ dwellings on 6.5ha. • Demolition & remediation complete (awaiting environmental auditor report). • Stage 1 approval received June 2015. • State Govt. plans to upgrade nearby trains stations whilst removing level crossings.
Slide 25: Jackson Green – Product Images
Cedar Woods Presentation | 24 Jackson Green – Product Images Note: Images are an artist’s impression and subject to Council approvals.
Slide 26: Clara – Project Update
Cedar Woods Presentation | 25 Clara – Project Update • 40 lot project near our Williams Landing development. • All lots sold and settling in July 2015.
Slide 27: Williams Landing – Project Update
Cedar Woods Presentation | 26 Williams Landing – Project Update • Master planned community of around 2400 lots / units with approximately 1350 settled by end FY15. • 50% of FY16 presales have been achieved. • Pricing has increased significantly over the past 12 months - from $340,000 to $400,000 for
Slide 28: Williams Landing – Recent Photo
Cedar Woods Presentation | 27 Williams Landing – Recent Photo
Slide 29: Williams Landing – Masterplan
Cedar Woods Presentation | 28 Williams Landing – Masterplan
Slide 30: Williams Landing Town Centre – Summary
Cedar Woods Presentation | 29 Williams Landing Town Centre – Summary • 45ha area that will be developed over the next 10 years • Mixed use town centre with office, residential , retail, hardware, medical and other uses. • Masters store sales settled June 2015 Current planned projects include • Retai
Slide 31: Williams Landing Town Centre – Vision
Cedar Woods Presentation | 30 Williams Landing Town Centre – Vision
Slide 32: Williams Landing Shopping Centre
Cedar Woods Presentation | 31 Williams Landing Shopping Centre • Centre completed in December 2014. • 2.56ha site, 6767sqm of retail, 1888sqm of office, 437 car bays. • 21 Specialties, 3 kiosks. • Two floors of office. • Fully leased net income of $3m.
Slide 33: Williams Landing Shopping Centre Expansion
Cedar Woods Presentation | 32 Williams Landing Shopping Centre Expansion • Minor expansion accommodating approximately 1200sqm of retail. • Targeting eateries, gymnasium and a 100 place childcare centre. • Indicative Timing - Permit Approvals: late 2015. Leasing Start: late 2015.
Slide 34: WLTC Strata Offices
Cedar Woods Presentation | 33 WLTC Strata Offices • The first of several office developments is being investigated. • First building designs are for approximately 4600 sqm over 4 levels and divided into approximately 50 units. • Indicative Timing - Permit Approvals – end 2015. Sales Start – early 20
Slide 35: WLTC Apartments
Cedar Woods Presentation | 34 WLTC Apartments • The first of several apartment developments is being progressed. • 57 apartments with a mix of 1 and 2 bedroom. • Permit application being prepared with construction expected to commence in 2016 subject to approvals and presales.
Slide 36: QLD Market Conditions
Cedar Woods Presentation | 35 QLD Market Conditions • The economy remains relatively weak, and business confidence subdued. • Gross State Product was forecast to grow by 5.75% in FY16. New State budget and forecasts in July. • Resources sector will continue to decline as 3 major LNG projects near co
Slide 37: Upper Kedron, QLD – Project Update
Cedar Woods Presentation | 36 Upper Kedron, QLD – Project Update • 228 ha situated 13 km west of the Brisbane CBD • Last remaining large scale, master planned community site in Brisbane. • Council approval for 980 lots provided in December 2014 • Qld Government called in the project in April 2015 to
Slide 38: Upper Kedron, QLD - Draft Masterplan
Cedar Woods Presentation | 37 Upper Kedron, QLD - Draft Masterplan
Slide 39: Upper Kedron, Qld – Aerial Photo
Cedar Woods Presentation | 38 Upper Kedron, Qld – Aerial Photo
Slide 40: Disclaimer
Cedar Woods Presentation | 39 Disclaimer Disclaimer of liability While every effort is made to provide complete and accurate information, Cedar Woods Properties Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your in
Slide 41: Perth, Melbourne and Brisbane Offices
Perth Office Melbourne Office Brisbane Office Ground Floor Level 1 Level 6 50 Colin Street 476 St Kilda Road 12 Creek Street West Perth WA 6005 Melbourne VIC 3004 Brisbane QLD 4000 T: (08) 9480 1500 T: (03) 9820 1777 T: (07) 3007 2900 E: email@cedarwoods.com.au E: melbourne@cedarwoods.com.au E: bris
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