Aspen Group Limited · ASX:APZ
Aspen — Goldman Sachs Emerging Leaders Conference (April 2024)
14 slides from Aspen's conference presentation, Apr 3, 2024
Slide 1: Aspen Group - Goldman Sachs Emerging Leaders Conference
Aspen Group Goldman Sachs Emerging Leaders Conference For personal use only Investor Presentation 3 April 2024
Slide 2: Contents
Contents 1. Aspen’s Business Model For personal use only 2. Case Studies Quality Accommodation on Affordable and Competitive Terms - Superior Investment Returns 3. Update Strong Momentum post HY24 Results 2
Slide 3: Aspen's Business Model and Integrated Platform
Aspen’s Business Model and Integrated Platform Owner Provider of Quality Accommodation For personal use only Proprietary approach - 100% focused on optimising returns for Aspen securityholders on Competitive Terms Operator Boosting profitability through intensive Core Customer Base operational manag
Slide 4: Aspen's Market - Highest Growth and Acutely Undersupplied
Aspen’s Market - Highest Growth and Acutely Undersupplied Funding of Housing in Australia Housing Stress (% of low income households paying >30% of income on housing) 45% Private rental is the fastest growing segment of the market 60% For personal use only 40% Aspen services the variety of household
Slide 5: Case Studies
For personal use only 2Case Studies 5 5
Slide 6: Case Study – CoVE Maylands WA Build to Rent Project
Case Study 1 – CoVE Maylands WA Build to Rent Project ü Located at Maylands only 5kms from Perth CBD Acquisition Development Completed ü Large 6,733sqm land lot Date Sep 21 Dec 22-Mar 24 Apr 24 For personal use only ü 10-storey complex with 120 units, most with extensive views Cost $7.0m $15.7m $22.
Slide 7: Guildford Road, Maylands WA - Before
132 Guildford Road, Maylands WA - Before For personal use only 7
Slide 8: CoVE Maylands WA – After
CoVE Maylands WA – After For personal use only CoVE rents starting at <$400pw (excluding furniture) Only 60 rentals currently offered in Greater Perth at under $400pw (on realestate.com.au – 2 April 2024) 8
Slide 9: Case Study – Providing Attractive & Affordable Lifestyle
Case Study 2 – Providing Attractive & Affordable Lifestyle ü Attractive locations for retirees – eg. coastal, rural – but still within easy reach of major towns or cities ü Land and community facilities not overcapitalised – typical total cost of a serviced site is roughly $100k including clubhouse
Slide 10: Alexandrina Cove Lifestyle Village SA
Alexandrina Cove Lifestyle Village SA Located within Aspen’s Coorong Quays community at the mouth of the Murray River only 90kms /80 minutes from Adelaide CBD For personal use only Average new house price only $491k including waterfronts - land rent of only $181pw 33% below $730k median house sale p
Slide 11: Update
For personal use only 3Update 11 11
Slide 12: Update – Strong Momentum post HY24 Results
Update – Strong Momentum post HY24 Results Living - Residential FY24 Guidance1 ü CoVE Maylands WA essentially complete and fully leased at average rent of c.$425pw ü Burwood VIC settled 1 March, average rent c.$305pw (up c.10% since contracting), reduced operating costs For personal use only Lifesty
Slide 13: Update – Strong Momentum post HY24 Results
Update – Strong Momentum post HY24 Results FY24 Guidance1 For personal use only Acquisitions & Disposals ü Burleigh Heads - EOIs (subject to strata) received on three of the 2-bedroom houses at average price of $948k - 12% premium to average book value and net yield of about 2.7% - capital to be rec
Slide 14: Disclaimer
Disclaimer This presentation has been prepared by Aspen Group Limited on behalf of Aspen Group Limited and Aspen Property Trust (“Aspen”) and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any s
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