44 slides from Melcor Developments's shareholder meeting presentation, Apr 1, 2019
Slide 1: 2019 Annual General Meeting
19 annual general meeting 1968 2018 PROUDLY TRADED FOR 50 YEARS
Slide 2: Agenda
AGENDA 1. Formal Business Introductions Call to Order 2. Presentation by Presentation of Financial Management Statements Fixing the Size of the Board Election of Directors Appointment of Auditors 3. Q&A
Slide 3: Your Board of Directors
YOUR BOARD OF DIRECTORS Gordon Clanachan Ross Grieve Andrew Melton Kathy Melton Timothy Melton Edmonton, AB Edmonton, AB Calgary, AB Calgary, AB Edmonton, AB Eric Newell Catherine Roozen Allan Scott Ralph Young Edmonton, AB Edmonton, AB Edmonton, AB Edmonton, AB
Slide 4: Your Executive Team
YOUR EXECUTIVE TEAM Darin Rayburn Naomi Stefura President & Chief Executive Officer Chief Financial Officer Years with Melcor: 16 Years with Melcor: 10 Industry Experience: 27 Industry Experience: 12
Slide 5: Agenda
AGENDA 1. Formal Business Introductions Call to Order 2. Presentation by Presentation of Financial Management Statements Fixing the Size of the Board Election of Directors Appointment of Auditors 3. Q&A
Slide 6: Director Nominees
DIRECTOR NOMINEES Gordon Clanachan Ross Grieve Andrew Melton Kathy Melton Timothy Melton Edmonton, AB Edmonton, AB Calgary, AB Calgary, AB Edmonton, AB Eric Newell Catherine Roozen Allan Scott Ralph Young Edmonton, AB Edmonton, AB Edmonton, AB Edmonton, AB
Slide 7: Agenda
AGENDA 1. Formal Business Introductions Call to Order 2. Presentation by Presentation of Financial Management Statements Fixing the Size of the Board Election of Directors Appointment of Auditors 3. Q&A
Slide 8: Management Presentations
MANAGEMENT PRESENTATIONS • Our History Darin Rayburn President & CEO • Financial Highlights Naomi Stefura CFO • Strategic & Operating Highlights Darin Rayburn • Shareholder Questions
Slide 9: Our history: Melton Real Estate Ltd.
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Slide 10: Years of Service
YEARS OF ( ) SERVICE
Slide 11: Quarter Century Club Members
QUARTER CENTURY CLU IM eIMIB ERS B
Slide 12: Century Club
JRY CLU
Slide 13: Lots Developed
LOTS ) DEVELOPED
Slide 14: Communities Developed
DBBBDD BODDDD PDPDLDD PLDDLD COMMUNITIES DeWelOPED
Slide 15: Square Feet Developed
| 2.61 SQUARE Pell ( J) DEVELOPED
Slide 16: Square Feet Under Management
Sip UNDER J) MANAGEMENT
Slide 17: Annual Results
annual results 18
Slide 18: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains statements that are forward-looking. Forward-looking statements are disclosures regarding possible events, conditions, or results of operations that are based on assumptions about future economic conditions, courses of action and include future-o
Slide 19: $267M Revenue
Slide 20: Margin
margin
Slide 21: TAY AYAYAL
gn LY. 4 x 4 TAY AYAYAL
Slide 22: Funds from Operations
} a ith in a FUNDS 9561 from operations
Slide 23: $0.52 Dividend, $1.92 EPS
Slide 24: Assets
ASSETS INVESTMENT COMMUNITY PROPERTY RECREATIONAL PROPERTIES/ DEVELOPMENT DEVELOPMENT PROPERTIES REIT 10,334 acres 121,800 sf in 4.13M sf 4 championship raw land development commercial golf courses property 1,448 single- 6.5M sf in new family lots development 609 residential based on plans units 59
Slide 25: NCIB Purchases
NCIB PURCHASES FY 2018 Q1 2019 shares purchased purchase price
Slide 26: Management Presentations
MANAGEMENT PRESENTATIONS • Our History Darin Rayburn President & CEO • Financial Highlights Naomi Stefura CFO • Strategic & Operating Highlights Darin Rayburn • Shareholder Questions
Slide 27: Diversification
DIVERSIFICATION
Slide 28: Landholdings by Region / Revenue by Region
LANDHOLDINGS REVENUE BY REGION BY REGION ALBERTA – 73% ALBERTA – 78% US – 16% US – 17% SASKATCHEWAN – 6% SASKATCHEWAN – 2% BRITISH COLUMBIA – 5% BRITISH COLUMBIA – 2%
Slide 29: US Operations
US OPERATIO
Slide 30: Revenue by Division
REVENUE BY DIVISION COMMUNITY DEVELOPMENT – 54% INVESTMENT PROPERTIES/REIT – 33% PROPERTY DEVELOPMENT– 10% RECREATIONAL PROPERTIES – 3%
Slide 31: Single Family
single family
Slide 32: US Operations: 467 Lots Sold, 1,646 Acres
Slide 33: Sold / Purchased
sold purchased
Slide 34: Completed Commercial Development
Completed commercial development
Slide 35: In Progress Commercial Development
In progress commercial development
Slide 36: 188,000 SF Acquired, 50,500 SF Divested
Slide 37: Under Management
under management
Slide 38: 89% Occupancy
Slide 39: Played
played
Slide 40: Outlook
OUTLOOK
Slide 41: Sustain, People, Grow, Diversify
SUSTAIN PEOPLE Financial discipline Culture Reputation Values SUSTAIN PEOPLE GROW DIVERSIFY GROW DIVERSIFY Land harvesting Business lines Commercial assets Geographic
Slide 42: Revenue Since 1968
1968 1970 1972 1974 1976 1978 1980 REVENUE 1982 SINCE 1968 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018
Slide 43: Management Presentations
MANAGEMENT PRESENTATIONS • Our History Darin Rayburn President & CEO • Financial Highlights Naomi Stefura CFO • Strategic & Operating Highlights Darin Rayburn • Shareholder Questions
Slide 44: Questions & Answers
QUESTIONS & ANSWERS | |