Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Euroz Property Seminar 2014
22 slides from Cedar Woods Properties's conference presentation, Jun 4, 2014
Slide 1: Cover letter to ASX
For personal use only 4 June 2014 Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam In advance of a presentation to be conducted at the Euroz Property Seminar on 5 June 2014, please find attached the investor presentation slides. Yours fai
Slide 2: Euroz Seminar 5th June 2014
XX October 2012 For personal use only 2012 Euroz Seminar 5th June 2014 FINANCIAL RESULTS •For the Year Ended 30 June 2012
Slide 3: Presentation Outline
Presentation Outline For personal use only ► Investment Highlights ► Market Conditions ► Projects Overview ► Upper Kedron Project Overview 2
Slide 4: Investment Highlights
Investment Highlights For personal use only ► An ASX 300 company with a proven track record of consistent earnings growth and meeting targets • 5-year Total Shareholder Return of 57.1% per annum ► Strategically located and diverse portfolio • Urban and regional growth areas in VIC and WA • Apartment
Slide 5: Purpose & Strategy
Purpose & Strategy For personal use only To create long-term value for our shareholders through acquisition, development and marketing of properties ► To create residential housing estates, typically in capital city growth corridors, with supporting retail and commercial developments. ► Redevelopmen
Slide 6: Business Model
Business Model For personal use only Cedar Woods’ strategy is to grow and develop its national portfolio, diversified by geography, product type and price point, so that it continues to hold broad customer appeal and performs well in a range of market conditions. The company implements this strategy
Slide 7: Track record of growth and balance sheet strength
Track record of growth and balance sheet strength For personal use only Gearing (%) NPAT ($m) 40.0 100% 40 34.3 36.3 30 28.0 75% 20 17.2 50% 43.0% Target range 36.5% 18.2% 21.1% 10 25% 2.1% 0 0% FY10 FY11 FY12 FY13 FY14 (f) FY10 FY11 FY12 FY13 1HY14 ► Two states have provided good diversity and henc
Slide 8: Population growth and dwelling commencements
Population growth and dwelling commencements For personal use only Queensland – a major market with solid population growth C2013 Starts Population Population (‘000) Growth (‘000) Change (%) Victoria 45 110.5 2.0% New South Wales 42 108.1 1.5% Queensland 30 83.7 1.8% Western Australia 26 76.3 3.1% S
Slide 9: Dwelling Starts by State
Dwelling Starts by State For personal use only Population growth and tight market conditions to underpin dwelling commencements Source: HIA 8
Slide 10: Housing Finance
Housing Finance For personal use only Source: CBA
Slide 11: Cedar Woods' project locations
Cedar Woods’ project locations For personal use only 10
Slide 12: Sustainable earnings from long term projects
Sustainable earnings from long term projects For personal use only Population growth and tight market conditions to underpin dwelling commencements 11
Slide 13: WA Project Overview
WA Project Overview For personal use only The Brook at Byford ► Construction commenced in 1H 2014; site has the potential for approximately 350 lots ► New sales office opened with strong buyer interest and presales ► Settlements expected from FY2015 Carine Rise ► Co-development between Cedar Woods,
Slide 14: WA Project Overview
WA Project Overview For personal use only Mariners Cove ► Stage 6CA phase 3 completed in 1H 2014 ► Market is buoyant with strong sales of ‘lifestyle’ product ► Award-winning waterfront development close to Mandurah ► Construction is complete Elements ► Significant pre-sales in hand, settlements to c
Slide 15: Victorian Project Overview
Victorian Project Overview For personal use only Banbury Village ► Developed and settled several stages during FY2014 ► Stage 18 (38-unit building) launched in 1H 2014; 36 units pre- sold, will be delivered in FY2015 Realm Camberwell ► Several stages completed and settled, contributing to 1H 2014 ea
Slide 16: Williams Landing
Williams Landing For personal use only Masters Home Improvement Williams Landing Train Construction at Williams store Station Landing Shopping Centre • Completion and settlement of three stages in Williams Landing residential neighbourhoods in FY2014 • Completion of Masters Home Improvement store wh
Slide 17: Brisbane acquisition aligns with company strategy
Brisbane acquisition aligns with company strategy For personal use only ► Enhanced geographic footprint, consistent with Cedar Woods’ strategy. ► Project area has a strong demographic with few other developments nearby. ► Project will appeal to a range of buyer types, mainly upgraders. ► Prime prope
Slide 18: Upper Kedron details
Upper Kedron details For personal use only UPPER KEDRON 10km Population growth and tight market conditions to underpin 5km dwelling commencements CBD Brisbane CBD ► Upper Kedron site – 13kms from CBD 17
Slide 19: Brisbane Housing lots
Brisbane Housing lots For personal use only
Slide 20: Equity raising overview
Equity raising overview For personal use only Funds to be Shares raised Placement at $6.80 per share $25m 3.68m Share purchase plan, up to $15,000 per $5m 0.74m shareholder at $6.80 per share Total equity raising $30m 4.42m Number of shares before equity raising 73.91m Number of shares after equity
Slide 21: Disclaimer
Disclaimer For personal use only 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 intended u
Slide 22: Perth and Melbourne office contacts
For personal use only Perth Office Melbourne Office Ground Floor Level 12 50 Colin Street 484 St Kilda Road West Perth WA 6005 Melbourne VIC 3004 T: (08) 9480 1500 T: (03) 9820 1777 E: email@cedarwoods.com.au E: melbourne@cedarwoods.com.au