Cromwell Property Group · ASX:CMW
Cromwell Property — Macquarie Emerging Property Leaders Conference 2007
21 slides from Cromwell Property's conference presentation, Mar 26, 2007
Slide 1: Macquarie EPLC Presentation - March 2007
a el 7 Vee fee ee Macquarie EPLC Presentation - March 2007
Slide 2: What is the Cromwell Group?
What is the Cromwell Group? —— {Cromwell} * Current market capitalisation of Share price since recapitalisation approximately $800 million 140 + Approx. $1.5 billion AUM La * Forecast annualised dividend per security of 9 cents for FY 2007 Share price (5) * Over 60 employees with head office in Bris
Slide 3: What makes us successful?
What makes us successful? —— * Streamlined structure with c. 80% of earnings from stable property trust with concentration in office sector * Significant level of funds management earnings (c. 20%) with demonstrated growth potential * Stable and experienced executive team with proven ability to grow
Slide 4: What is our core strategy?
What is our core strategy? « Grow funds management revenues as proportion of total revenues - including growing recurring funds management revenues as a proportion of total « Increase suite of unlisted products * Increase wholesale fund inflows * Rebalance portfolio — possible asset sales or recycli
Slide 5: FY 2008 earnings growth potential
FY 2008 earnings growth potential Property Income: + Expected average rental increases of approximately 4% in FY08 * Only 8% of lease income expiring in FY08 Funds Management Income: « Cromwell Property Fund to remain core unlisted fund through FY08 + No asset sales performance fees factored into fo
Slide 6: Who is driving the business forward?
Who is driving the business forward? Board of Directors Chief Executive Officer Paul Weightman Chief Operating Officer Paul Cronan AM Chief Financial Officer Daryl Wilson Company Secretary Suzanne Morgan Product sales/Distribution Melissa McLaughlin Michael Blake Property Management Philip Cowling P
Slide 7: What does our business look like?
What does our business look like? een Property Investment Property Services @ @ z 4 > 5 & 2 @Qs So 39 a 3 3 = Unique combination of secure earnings with low risk growth
Slide 8: Cromwell Group portfolio snapshot
ein ie a AOI: SORE UG Cromwell Group portfolio snapshot
Slide 9: Overview — Property Investment
Overview — Property Investment nn * $1 billion in property assets, generating approximately 80% of FY07 earnings” - 72% of rental income from Government and listed company tenants « Further $400 million in unlisted funds * Strong acquisition pipeline through both listed and unlisted funds + Co-inves
Slide 10: Cromwell Property Services Pty Ltd
Cromwell Property Services Pty Ltd ABN 68 080 159 280
Slide 11: Overview — Property Services
Overview — Property Services een 250+ tenants $1.3 billion property portfolio 35 properties i Asset :| Property Management i! Management + Asset planning |! « Accounts + Budgeting i * Forecasting : « Management * Reporting i! Information + Leasing i} Systems i i ¢ Tenant relations i! * General i! ma
Slide 12: CASE STUDY: Victoria Ave, Chatswood
CASE STUDY: 475 Victoria Ave, Chatswood RISK MANAGEMENT + Identification of opportunity » Assessment + Leasing * Delivery
Slide 13: Cromwell Property Securities Limited
a ee 3 se <a.” oa .. C 7 ce : ae Lo Lo Cromwell Property Securities Limited ABN 11 079 147 809
Slide 14: Overview — Funds Management
Overview — Funds Management * Historical focus on retail investor base « Raised 9 funds to date, with another currently undergoing capital raising - 6 funds merged as part of stapling transaction « Wide direct client and financial advisor supporter base - Regular contact with over 1,000 advisors and
Slide 15: Cromwell Property Fund
Cromwell Property Fund * Open-ended, unlisted fund CPF Value by State ACT « Investing in Australian non-residential property * $350 million in property assets « Aims to provide tax effective, monthly distributions from a growing property portfolio « Primarily targeted at retail investors « Researche
Slide 16: Improvements, partnerships and opportunities
Ll y, Gh a Pee Ede oy Improvements, partnerships and opportunities
Slide 17: Overview — Projects and Other
Overview — Projects and Other een Avoid Risk Risk Speculative Value Add Management Assignment Development ——yE Opportunistic, low risk approach to development projects
Slide 18: CASE STUDY: Corporate Centre, Gold Coast
CASE STUDY: Corporate Centre, Gold Coast ——— « Identification of assets * Opportunity « Win the land * Allocate / assign risk
Slide 19: Property Investment, Property Management, Projects and Other, Property Services
Property Investment Management Projects and Other Property Services
Slide 20: Summary
Summary Good Yield Value Low Risk
Slide 21: Disclaimer
renersnonnecret, DISCLAIMER This presentation was prepared by Cromwell Corporation Limited ACN 001 056 980 and Crornwell Property Securities Limited ACN 079 147 809, AFSL 238052. This presentation does not contain any financial product advice and is not an offer of securities. This presentation is f
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