Blackwall Limited · ASX:BWF
Blackwall — BlackWall Property Funds — Shareholder Meeting (October 2014)
12 slides from Blackwall's shareholder meeting presentation, Oct 22, 2014
Slide 1: Clarification - AGM CEO's presentation
© BLACKWALL PROPERTY FUNDS 22 October 2014 The Manager Company Announcements Office Australian Stock Exchange Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir or Madam BlackWall Property Funds Limited Clarification -AGM CEO’s presentation We refer to the CEO’s presentation announced earlier today
Slide 2: 2014 Annual General Meeting
For personal use only 2014 Annual General Meeting 22 October 2014
Slide 3: Vertically integrated property funds management and investment
Vertically integrated property 2 funds management and investment. For personal use only • Revenue generated from property and fund EPS 8 cps management fees, performance fees, serviced NTA 28 cps ofFice operations and investment returns. 2014 Dividend* 2.5 cps • Capital employed in underwriting fund
Slide 4: Three Year Performance
Three Year Performance For personal use only 3 Financial Year 2012 2013 2014 Net proFit after tax ($3 million) $2.3 million $4.1 million EPS (6 cps) 4 cps 8 cps NTA per share 17 cps 21 cps 28 cps Share price 10 cps 14 cps 25 cps Total Dividend* 0.5 cps 1.1 cps 2.5 cps * Fully franked (cents) Grossed
Slide 5: Growth Opportunities
For personal use only 4 Growth Opportunities AGM Presentation -‐ October 2014
Slide 6: New Trust Launched
New Trust Launched 5 • $80m property turnaround transaction in joint venture with For personal use only National Australia Bank. • $15m capital raising underway to wholesale and sophisticated investors. • 3 to 5 year term. • BlackWall shares in success above a 15% IRR to investors. 55 Pyrmont Bridge
Slide 7: BlackWall Property Trust
BlackWall Property Trust 6 (ASX: BWR) For personal use only • Listed diversiFied property trust -‐ BlackWall assumed NTA 13.5 cpu control in 2009, at the time BWR was a distressed Gross Assets $116 m unlisted property fund. Gearing 45% • “Workout” now complete with debt at 45% and Net ProFit $6.2 m
Slide 8: Bakehouse Quarter Sale
Bakehouse Quarter Sale For personal use only 7 AGM Presentation -‐ October 2014
Slide 9: Bakehouse Quarter Sale
Bakehouse Quarter Sale For personal use only 8 • The Bakehouse Quarter is a signiFicant urban business precinct located at North StrathField in Sydney’s inner west. • Currently being marketed for sale. • The project has over 40,000 sqm of development complete with the capacity to grow to over 100,00
Slide 10: WOTSO WorkSpace serviced office business
For personal use only 9 • BlackWall’s wholly owned serviced ofFice business with 2,000 sqm in operation and a further 1,800 sqm in start up phase. The business’ EBITDA contribution was $270k in 2014 ($110k in 2013). • The business re-‐brands as WOTSO WorkSpace. • Three locations in Sydney, one in C
Slide 11: BlackWall Telstra House Trust
BlackWall Telstra House Trust For personal use only 10 • Single asset syndicate with signiFicant development Gross Assets $32.5 m potential. Gearing 56% • The property is a 7 storey ofFice building located on Gross Rent $3.1 m Northbourne Ave in the ACT leased to Telstra until November 2018. Telstra
Slide 12: More Information
More Information 11 For personal use only Stuart Brown Tim Brown Chief Executive OfFicer Chief Financial OfFicer sbrown@blackwallfunds.com.au tbrown@blackwallfunds.com.au 0413 921 570 0416 925 376 AGM Presentation -‐ October 2014
BlackWall Property Funds — Shareholder Meeting (October 2014) on 6ix