Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (2013)
21 slides from Desane's shareholder meeting presentation, 2013
Slide 1: 2013 AGM
2013 AGM
Slide 2: Chairman's Address
Chairman’s Address ➡ The Group’s FY 2013 after tax profit increased by 38.3% to $1.3m ➡ The Group’s total assets increased by 3.5% and the total value of Group properties have increased by 2.2% in FY 2013 ➡ Recent interest rate conditions have allowed the Group to achieve a 14.0% reduction in financ
Slide 3: Shareholder Resolutions
Shareholder Resolutions To lay before the 2013 Annual General Meeting: 1. To adopt the financial and other reports for FY 2013 2. To declare a final unfranked dividend of 1 cent per share 3. To re-elect John Sheehan as a director 4. To approve directors’ remuneration (non-binding resolution) for FY
Slide 4: Managing Director's Address
Managing Director’s Address AGM 2013
Slide 5: Group Highlights
Group Highlights ➡ Net Profit after tax of $1.3m (increase of 38.3%) ➡ Increase in total assets by 3.5% to $47.2m Five Years’ Net Profit ➡ Increase in total property value by 2.2% to $46.1m $2,250,000 $1,500,000 ➡ Increase in operating revenue by 7.1% to $3.1m $750,000 $0 -$750,000 -$1,500,000 -$2,2
Slide 6: Group Highlights
Group Highlights ➡ Maintained rental income steady at $2.0m in a difficult leasing market Net Rental Income $2,400,000 $1,800,000 $1,200,000 $600,000 $0 2009 2010 2011 2012 2013 AGM 2013
Slide 7: Group Highlights
Group Highlights ➡ Increase in net tangible assets (NTA) by 4.1% to $25.5m ➡ Increase in NTA per share to 84 cents reflecting a premium to actual share price at June 2013 Net Tangible Assets $25,000,000 $23,500,000 $22,000,000 $20,500,000 $19,000,000 2009 2010 2011 2012 2013 AGM 2013
Slide 8: Group Highlights
Group Highlights ➡ Ratio of total Group liabilities against total Group assets is 0.46 ➡ Total borrowings remain steady at $20.1m ➡ Reduction in finance costs by 14% to $1.0m ➡ Renewal of all loans on a medium to long term basis ➡ Current loan to valuation ratio (LVR) across the group of 55% (well b
Slide 9: Group Highlights
Group Highlights ➡ Increase in earnings per share (EPS) to 4.3 cents ➡ Five (5) year dividend yield average of 3% per annum following a 1 cent per share unfranked dividend Basic Earnings Per Share v Dividends Paid Per Share $0.07 $0.05 Basic Earnings per share Dividends paid per share $0.04 $0.02 $0
Slide 10: Market Overview
Market Overview Sydney North Industrial ➡ A rebound in confidence post election has seen lease decision times shorten as businesses look to resolve their accomodation issues before the end of the year ➡ Majority of the demand has been for sub 1,000m2 space with low office content ➡ Affordability is
Slide 11: Portfolio Summary
Portfolio Summary Number of Property Assets 4 Net Lettable Area (sqm) 16,219 Net Passing Income ($) $2,648,233 Property Portfolio Valuation ($) 1 2 3 $39,927,000 Weighted Average Capitalisation Rate (%) 8.3 Occupancy Rate (%) by Net Lettable Area 100% Occuancy Rate (%) by Net Income 100% WALE (By Ne
Slide 12: Lease Expiry Profile
Lease Expiry Profile As a percentage of net lettable area AGM 2013
Slide 13: Top 10 Tenants
Top 10 Tenants O As a percentage of gross income P % of Total Tenant Gross Income Gross Income E Staging Connections 1,115,557 34.6 Pentel Australia 304,734 9.4 R Signature Orthopeadics Premier Products 250,305 199,387 7.8 6.2 A Vino Plus Lizard Children’s Centre 192,841 182,985 6.0 5.7 T Novis Heal
Slide 14: Property Portfolio: Rozelle, Lilyfield Road
Property Portfolio ROZELLE 68 - 72 Lilyfield Road O Valuation Summary P Ownership Interest 70% Title Freehold E Valuation ($) Valuation Based on 70% Ownership ($) $15,197,000 $10,638,000 R Capitalization Rate (%) 8.0 A Property Summary Net Lettable Area (sqm) 5,494 T Occupancy (%) by NLA WALE (years
Slide 15: Property Portfolio: Lane Cove, Sirius Road
Property Portfolio LANE COVE 7 Sirius Road O Valuation Summary P Ownership Interest Title 100% Freehold E Valuation ($) Capitalization Rate (%) $4,300,000 8.5 R A Property Summary Net Lettable Area 2,778 T Occupancy (%) by NLA 100 WALE (years) 3.5 I Net Passing Annual Income ($) $370,005 O Major Ten
Slide 16: Property Portfolio: Lane Cove, Sirius Road
Property Portfolio LANE COVE 13 Sirius Road O Valuation Summary P Ownership Interest Title 100% Freehold E Valuation ($) Capitalization Rate (%) $4,100,000 8.5 R Property Summary A Net Lettable Area (sqm) Occupancy (%) by NLA 2,181 100 T WALE (years) Net Passing Annual Income ($) 3.2 $295,868 I Majo
Slide 17: Property Portfolio: Lane Cove, Orion Road
Property Portfolio O LANE COVE 7 - 9 Orion Road P Valuation Summary Ownership Interest 100% E Title Freehold Valuation ($) $10,100,000 R Capitalization Rate (%) 8.5 Property Summary A Net Lettable Area (sqm) Occupancy (%) by NLA 5,766 100 T WALE (years) Net Passing Annual Income ($) 2.5 $873,617 I M
Slide 18: Property Portfolio: Rozelle Development
Property Portfolio D ROZELLE 47 - 51 Lilyfield Road E V ➡ Desane has obtained planning approval to construct a four storey commercial building, with 62 basement car parking spaces ➡ A new Development Application has been lodged for this property, proposing to increase the number of residential units
Slide 19: Property Portfolio: Lane Cove Burns Bay Road Development
Property Portfolio I LANE COVE 316 - 332 Burns Bay Road N ➡ Development approval for 219 residential units was granted by the JRPP at the end of 2012 V ➡ The Group’s management entered into a Deed of Call Option for the Sale of the 12,000m2 high rise residentially zoned property in E July 2013 for a
Slide 20: FY14 Focus
FY14 Focus ➡ Continue to reduce funding costs ➡ Maintain core focus on increasing the groups assets through rental growth and capital improvements ➡ Complete the sale of the 316-332 Burns Bay Road, Lane Cove asset ➡ Identify development opportunities for both the 47-51 Lilyfield Road & 68-72 Lilyfie
Slide 21: Thank You
THANK YOU