Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (November 2017)
21 slides from Desane's shareholder meeting presentation, Nov 3, 2017
Slide 1: Annual General Meeting 3 November 2017
GROUP HOLDINGS LIMITED. CELEBRATING 30 YEARS ANNUAL GENERAL MEETING 3 November 2017
Slide 2: Your History
YOUR HISTORY & IC U Lp U IC C U Desane listed a Desene commenced its > Commenced the > Desanecommenced > Completedsale of > Desanedevelopedits «> Desane continues on Australien property accumulation process of rezoning the the rezoning process Lane Cove residential mised use site in the to source va
Slide 3: Chairman's Address
-CHAIRMAN’S __ ADDRESS 4 Professor John Sheehan AM
Slide 4: Ordinary Business
Sonat ~ 400 - ORDINARY BUSINESS nas wi 16 7 8 qo 20 21 22 Au, ust e i Ders a) VY X F Bid
Slide 5: Receive financial statements for year ended 30 June 2017
For personal use only To receive and consider the financial statements of the company and consolidated group, for the year ended 30 June 2017, including the Directors’ Report and Auditor’s Report. No voting is required for this item.
Slide 6: Adoption of Remuneration Report
For personal use only % Proxies Number Received Under the Corporations Act 2001, ASX listed companies are For 10,760,851 62.2% required to meet disclosure requirements in respect of Director and executive remuneration and to include a Remuneration Open 6,534,575 37.8% Report in the Directors’ Report
Slide 7: Re-election of John Sheehan
For personal use only % Proxies Number Received As stated in the notice of meeting, one director (other than the For 24,050,083 78.6% Managing Director) must retire at the Annual General Meeting and is eligible for re-election. Open 6,534,575 21.4% By rotation and in accordance with the Company’s Co
Slide 8: Presentation & Company Highlights
/ PRESENTATION & COMPANY HIGHLIGHTS Phil Montrone OAM Managing Director
Slide 9: FY17 EBIT, NPAT, Dividend and EPS
For personal use only EBIT NPAT $7.9m $5.1m Full Year Dividend EPS 14.5¢ per share* 13.6¢
Slide 10: Asset Summary as at June 2017
For personal use only ASSET SUMMARY AS AT 30 JUNE 2017 WORKING CAPITAL • $11.7m cash & financial assets available for investment as at 30 June 2017 • Working capital further boosted by $12.3m following sale of 7-9 Orion Road, LANE COVE on 31 July 2017 DEBT • Existing bank borrowing locked away to 20
Slide 11: Full Year Dividend
For personal use only FULL YEAR DIVIDEND 14.5c PER SHARE $12.9m of fully franked dividends paid to shareholders over the past 3 years
Slide 12: Sirius Road and Orion Road, Lane Cove Valuation Summary
For personal use only 7 SIRIUS ROAD, LANE COVE 13 SIRIUS ROAD, LANE COVE Valuation Summary Valuation Summary 7-9 ORION ROAD, LANE COVE The property sold for $18.2m, with settlement completed on 31 July 2017. The sale price reflects a 5.5% yield on a fully leased basis. Ownership Interest 100% Owners
Slide 13: Thornton Drive, Penrith Planning Proposal
For personal use only Desane has engaged the services of leading urban design and planning firms, Architectus and Urbis, to prepare a Planning Proposal for the re-zoning of its 1.2ha property at Thornton Drive, Penrith. • Initial discussions with Council have been positive • Planning Proposal expect
Slide 14: For personal use only
For personal use only
Slide 15: Supreme Court proceedings over Proposed Acquisition Notice
For personal use only The Court has » All documents in ordered that the possession of Desane be given the NSW In August 2017, Desane claims that The matter has access to Government, Desane commenced the PAN is invalid and been held over discover: including various proceedings in the the defendants,
Slide 16: Rozelle site rezoning background
For personal use only In mid 2012, Desane identified that the property was reaching the end of its economic life cycle and required rezoning and re-development In June 2015, a Planning Proposal (PP) was lodged with the NSW Department of Planning following 12 months of stakeholder engagement The 2015
Slide 17: Rozelle masterplan and development potential
For personal use only Masterplan density of 3.6:1 FSR with part 4, 10 and 12 storeys was considered an appropriate immediate contextual fit by Desane planners and urban designers in line with similar PPs lodged by neighbours along Lilyfield Road and within the city fringe Resulted in a mixed use pro
Slide 18: Lease as alternative to acquisition
For personal use only There are a number of recent The EIS confirms precedents – eg that a lease is the RMS took a lease preferred outcome over a similar site over acquisition in Ashfield where land (currently owned Given this by Woolworths) for perceived mis-use required for the project is not the
Slide 19: Compensation claim versus RMS offer
For personal use only Current status of the competing Desane claim & RMS offer: Land Acquisition (Just Terms Compensation) Act 1991 > As a result of the PAN being issued, Desane was legally required to lodge Section 39 a Section 39 Claim for Compensation with RMS to preserve its right to Claim for Co
Slide 20: Desane Group Holdings FY17 Results
DESANE DESANE GROUP HOLDINGS LTD FY17 RESULTS 3 NOVEMBER 2017
Slide 21: Disclaimer
DESANE tolath DISCLAIMER This presentation paper has been published for information purposes only. The information contained in this presentation paper is of a general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any reader's finan
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