Peet Limited · ASX:PPC
Peet — Euroz Hartleys Rottnest Conference 2022
13 slides from Peet's conference presentation, Mar 9, 2022
Slide 1: FY19 Results | August 2019
For personal use only FY19 RESULTS | AUGUST 2019 1
Slide 2: Residential sales momentum underpins future earnings: 1H22 Results Summary
RESIDENTIAL SALES MOMENTUM UNDERPINS FUTURE EARNINGS 1H22 Results Summary Operating1 and For personal use only Statutory Profit $20.6 After Tax 103% million 1,809 $817m LOTS3 SOLD CONTRACTS OPERATING EARNINGS 19% 1,251 VALUE ON HAND OF 4.3 CENTS INCREASE ON LOTS3 SETTLED 49% INCREASE ON PER SHARE 1H
Slide 3: Broad customer and product reach, scale pipeline with low cost base
BROAD CUSTOMER AND PRODUCT REACH SCALE PIPELINE WITH LOW COST BASE For personal use only Peet manages a broad property 42,630 portfolio, encompassing 42,630 LOTS lots across 51 projects Diversified land bank $14.3bn strategically located in growth END VALUE corridors of major cities in every mainlan
Slide 4: Group priorities and strategic focus
GROUP PRIORITIES AND STRATEGIC FOCUS Executing our strategy for future growth and value creation For personal use only DIVERSIFY PORTFOLIO MAINTAIN STRONG Key achievements • Continue to increase weighting CAPITAL MANAGEMENT of portfolio to east coast markets • Continue to assess capital • Full owner
Slide 5: Enquiry levels remain strong
ENQUIRY LEVELS REMAIN STRONG 14000 For personal use only 12000 • Substantial uplift in VIC and SA due 11,716 to launch of new projects and new stage releases 10000 • WA enquiry lower due to capacity 8,896 Registrations Of Interest constraints impacting land supply 8000 7,838 and builder time frames
Slide 6: Contracts on hand
CONTRACTS ON HAND CONTRACTS ON HAND1 (LOTS) INCREASE IN CONTRACTS ON HAND REFLECTS STRONG MARKET CONDITIONS For personal use only 2,506 2,594 1,948 Contracts on hand1 increased by 29% since 30 June 2021 to 1,786 2,506 lots 1,257 • Reflects strong market conditions across all of the Group’s markets C
Slide 7: New projects provide medium term earnings visibility
NEW PROJECTS PROVIDE MEDIUM TERM EARNINGS VISIBILITY Pipeline of approximately 43,000 lots providing visibility of future earnings For personal use only FY22 – FY24 NEW PROJECT RELEASE SCHEDULE • Up to six new land community PROJECT STATE SEGMENT PROJECT LOTS2/ GDV PROJECT LIFE projects and seven ST
Slide 8: Flagstone City - QLD
FLAGSTONE CITY - QLD • A ~11,000 lots1 master planned community with a GDV of approximately $4 billion For personal use only • Located 38km south-west of Brisbane’s CBD and 27km from Springfield in one of the fastest growing corridors in SEQ • The project includes the only town centre in the 7,000ha
Slide 9: Flagstone City - QLD
FLAGSTONE CITY - QLD • Unique opportunity to increase exposure to an actively For personal use only trading and significantly de-risked project currently generating strong sales and earnings - FY22 sales expected to be circa 300 lots, assuming current market conditions remain - Strong price growth a
Slide 10: University Canberra - ACT
UNIVERSITY CANBERRA - ACT • During 1H22, Peet acquired approximately 15ha of For personal use only land from the University of Canberra in Belconnen, ACT for circa $67 million - The transaction is a restructure of the conditional agreement between the parties for the joint development of that land,
Slide 11: University Canberra - ACT
UNIVERSITY CANBERRA - ACT For personal use only • The development will be a benchmark for contemporary living that demonstrates innovative planning and design in architecture, landscape and streetscape • The project design will be modern, progressive and sustainable, delivering a diverse mix of town
Slide 12: Group outlook
GROUP OUTLOOK • Residential markets are expected to remain positive over the medium term supported by improving employment outlook, population growth For personal use only and current accommodating credit conditions Focused on positioning the Group for growth • Continuing residential sales momentum,
Slide 13: Disclaimer
DISCLAIMER For personal use only While every effort is made to provide accurate and complete information, Peet does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. This presentation contains forward-looking sta