Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — H1 FY2006 Earnings Presentation
6 slides from Cedar Woods Properties's earnings presentation, Feb 20, 2006
Slide 1: Half Year Results to 31 December 2005
Presentation Outline • Company objectives • Financial highlights • Review of recent developments • Outlook and 2006 Forecast Half Year Results to 31 December 2005 Company Objectives Financial Highlights – Profit & Loss Dec 2005 Dec 2004 Dec 2004 $m $m $m • Primary objective – growth in earnings per
Slide 2: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet Cedar Woods Share Price vs NPAT plus Realised Reserves 16.00 $3.80 Dec 2005 June 2005 June 2005 NPAT and Realised Reserves $m 14.00 $3.30 12.00 AIFRS AIFRS GAAP $2.80 10.00 Total assets $m 110.7 115.6 130.5 Share Price $'s $2.30 8.00 $1.80 Bank debt $m 39.2 38.9
Slide 3: Project Life, Growth Strategies and Built Form
Project Life FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Balcatta Rivergums Cambridge Waters Mariners Cove Mandurah Country Club Aria Nautilus Kestrels Helena Valley Laverton Palm Beach Halls Head Beach Pinjarra Footscray Port Mandurah (Sutton) Forrestdale Lots Under Option
Slide 4: Built Form Residential, Residential Estates and Mixed Use Melbourne
Built Form Residential • The Islands at Mariners Cove – 20 waterfront townhouses commencing FY2007 • Additional waterfront townhouse sites on The Islands • Port Mandurah – 45 townhouses expected commencement FY2008 Residential Estates Mixed Use - Melbourne • Mariners Cove – canal lots, dry lots, tow
Slide 5: Mixed Use/Commercial - Perth, Commercial and Economic Outlook
Mixed Use/Commercial - Perth Cambridge Waters • 8.35ha located 17km south of CBD • Approval for 57 lots and 160 apartments • Stage 1 lots being marketed • Contribution FY2006-FY2010 Commercial • Axis, Balcatta - 16-lot subdivision fully sold • New opportunities under investigation Economic Outlook H
Slide 6: Housing Supply & Demand and Company Outlook
WA – Housing Supply & Demand VIC – Housing Supply & Demand Dwelling Starts - WA Dwelling Starts - Victoria Slight decrease in starts expected for 2006/07 then improvements Gradual improvement forecast ∗ Source HIA ∗ Source HIA Company Outlook • Strong pre-sales carried into second half • Further gro
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