Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — FY2025 Earnings Presentation
32 slides from Cedar Woods Properties's earnings presentation, Aug 26, 2025
Slide 1: Full Year FY25 Financial Results
Full Year FY25 Financial Results Atwater, WA
Slide 2: Agenda
AGENDA 1. Company Overview 2. FY25 Results Summary 3. About Cedar Woods 4. Financial Results 5. Market Conditions 6. Our Portfolio 7. Outlook 2 Incontro, WA
Slide 3: Company Overview
FULL YEAR FY25 FINANCIAL RESULTS COMPANY OVERVIEW ◼ Property development company with 35+ year track record of delivering earnings for shareholders ◼ Portfolio of 35 quality projects & a pipeline of over 9,400 lots/units to support future earnings ◼ Land acquired in 4 states in FY25 including 2 majo
Slide 4: FY25 Results Summary
FULL YEAR FY25 FINANCIAL RESULTS FY25 RESULTS SUMMARY NET SALES PRESALE CONTRACTS $48.1m Up 19% $465.9m 1,264 lots $660m Lots / homes / offices sold Up 21% SETTLEMENTS RETURN ON 58.4c EQUITY Up 19% 29.0c 1,125 lots 10% Up 16% Lots / homes / offices settled 4
Slide 5: About Cedar Woods
ABOUT CEDAR WOODS 5 Greville, QLD
Slide 6: Strategy
FULL YEAR FY25 FINANCIAL RESULTS STRATEGY To grow our national project portfolio, diversified by geography, product type & price point, so that it continues to hold Geography Product Type Price Point broad customer appeal & Good geographic spread Range of housing lots, Wide range of price performs w
Slide 7: Business Model – How We Create Value
FULL YEAR FY25 FINANCIAL RESULTS BUSINESS MODEL – HOW WE CREATE VALUE Acquisitions Development Marketing & Sales Disciplined approach Research, design, Integrated approach to to property acquisitions: planning & delivery: optimise results: • Tactical & research-based decisions to • Sustainable desig
Slide 8: Partnerships
FULL YEAR FY25 FINANCIAL RESULTS PARTNERSHIPS ◼ Some future acquisitions to be undertaken in partnerships ◼ Scale up business & earnings – Partnerships improve return metrics, leverage the existing skill base, allow operations to be expanded & further diversified, generate recurring fee income & div
Slide 9: ESG
FULL YEAR FY25 FINANCIAL RESULTS ESG ◼ Projects & workplaces have good sustainability credentials & emissions reduction practices ◼ Eglinton, WA microgrid commissioned in FY25 ◼ Work ongoing in measuring & reducing project & corporate GHG emissions & preparing for mandatory reporting ◼ National rela
Slide 10: Financial Results
FINANCIAL RESULTS 10 Mason Quarter, VIC
Slide 11: Income Statement
FULL YEAR FY25 FINANCIAL RESULTS INCOME STATEMENT ◼ Significantly higher revenue in the current year with improved gross margin has resulted in a significantly higher profit result for FY25 30 Jun 2025 30 Jun 2024 $m $m Revenue up 21% in FY25 due to higher value settlements from changed product mix
Slide 12: Balance Sheet & Funding
FULL YEAR FY25 FINANCIAL RESULTS BALANCE SHEET & FUNDING 30 Jun 2025 30 Jun 2024 Total assets (book value) $858m $744m Net assets (equity) $489m $461m Net tangible assets per share (book value not market value) $5.92 $5.55 Net bank debt $125.6m $120.1m Net bank debt to total tangible assets (less ca
Slide 13: Market Conditions
MARKET CONDITIONS Eglinton, WA 13
Slide 14: Housing Sector Tailwinds
FULL YEAR FY25 FINANCIAL RESULTS HOUSING SECTOR TAILWINDS Housing undersupply Policy support House prices outlook ◼ Supply of new housing is near the lowest ◼ Housing shortage is a Federal issue with ◼ Undersupply & interest rate level in a decade. 177,000 dwellings were several major initiatives no
Slide 15: Housing Sector Tailwinds (Continued)
FULL YEAR FY25 FINANCIAL RESULTS HOUSING SECTOR TAILWINDS (CONTINUED) Easing Interest Rate Strong Employment Population Growth ◼ Three 0.25% interest rate ◼ Job security is a key factor in determining ◼ Population growth materially supports the reductions in CY25 thus far, housing sales volumes new
Slide 16: Our Portfolio
OUR PORTFOLIO 16 Millars Landing, WA
Slide 17: Diversified Portfolio
FULL YEAR FY25 FINANCIAL RESULTS DIVERSIFIED PORTFOLIO ◼ Portfolio of 35 quality projects & total pipeline of 9,400+ lots/apartments to support future earnings ◼ Good mix of product, price points & locations ◼ Broad customer base, but with first home buyers dominant & benefitting from Govt. incentiv
Slide 18: Western Australia
FULL YEAR FY25 FINANCIAL RESULTS WESTERN AUSTRALIA ◼ 10 projects & 3,378 lots / dwellings ◼ 504 settlements from WA in FY25 ◼ Product types includes land subdivision, townhouses & apartments ◼ New project acquired in FY25 - Madeley ◼ Sale prices stabilised after a period of strong growth, resulting
Slide 19: Millars Landing, WA
MILLARS LANDING, WA ◼ Located in north Baldivis, 38km south of Perth ◼ 1500+ lot masterplanned community ◼ Approx. 300 completed & 1200 remaining ◼ Numerous stages under construction ◼ High demand location for affordable house & land ◼ ~10% price growth achieved over FY25 ◼ Average lot size 375 sqm;
Slide 20: Victoria
FULL YEAR FY25 FINANCIAL RESULTS VICTORIA ◼ 12 projects, including 4 at Williams Landing ◼ 2,582 lots / dwellings / offices plus 13 ha of mixed-use sites ◼ Product types includes land estates, townhouses, apartments & commercial projects ◼ Recent site acquisition in Fairfield for 319 apartments ◼ 21
Slide 21: Mason Quarter, VIC
MASON QUARTER, VIC ◼ 800+ lot master planned community in suburb of Wollert ◼ 26 km north of Melbourne CBD ◼ 437 lots completed & 414 remaining ◼ Significant price growth since launch, however stable over FY25 ◼ Average lots size 310sqm; Average price $343K ◼ 123 lots settled and 113 lots sold in FY
Slide 22: Queensland
FULL YEAR FY25 FINANCIAL RESULTS QUEENSLAND ◼ 6 projects, including 2 at Greville ◼ 1,690 lots / dwellings in pipeline ◼ Product types includes land estates, townhouses & apartments ◼ 248 settlements from QLD in FY25 ◼ Demand underpinned by strong interstate migration & low housing supply ◼ Strong d
Slide 23: Greville, QLD
GREVILLE, QLD ◼ Major infill development in the established suburb of Wooloowin, located 5km from Brisbane’s CBD ◼ Consists of 84 townhouses, 200+ apartments over three low-rise towers ◼ Current status: o Two townhouse stages completed & settled o Park construction complete o Vera Apartments 63% sol
Slide 24: South Australia
FULL YEAR FY25 FINANCIAL RESULTS SOUTH AUSTRALIA ◼ 7 well located projects with a mix of land estates, townhouses & apartments. ◼ Glenside – 2 projects under construction, 2 in sales phase ◼ Fletcher’s Slip – multiple townhouse & apartment stages underway ◼ First two JV projects with Tokyo Gas compl
Slide 25: South Australia - Industry Awards
FULL YEAR FY25 FINANCIAL RESULTS South Australia - Industry Awards Glenside – Monarch Apartments Fletcher’s Slip Townhouses UDIA SA Winner – Mid Rise Apartments UDIA SA Winner – Boutique Development • Six-story building with 49 apartments • Comprising 188 townhouses • 3 km from Adelaide CBD • 14 Km
Slide 26: Acquisitions
FULL YEAR FY25 FINANCIAL RESULTS ACQUISITIONS ◼ More resources allocated to locking in acquisitions to support & grow future earnings ◼ Land acquired in 4 states in FY25 including 2 major acquisitions on deferred settlement terms ◼ Further sites being assessed around the country; solid balance sheet
Slide 27: Outlook
OUTLOOK 27 Millars Landing, WA
Slide 28: Outlook
FULL YEAR FY25 FINANCIAL RESULTS OUTLOOK ◼ Favourable conditions for the sector: low supply, easing interest rates, strong population growth, low unemployment ◼ Forward presales of $660m at 30 June 2025 Image caption ◼ Solid balance sheet with liquidity of over $144m at 30 June 2025 (undrawn finance
Slide 29: Appendices
FULL YEAR FY25 FINANCIAL RESULTS APPENDICES 29 Ariella., Henley Brook, WA
Slide 30: Investment Summary
FULL YEAR FY25 FINANCIAL RESULTS INVESTMENT SUMMARY 1. Positive residential market conditions ◼ Significant housing shortage ◼ Favourable government policies ◼ Reducing interest rates 2. High quality portfolio ◼ 35 projects with over 9,400 lots diversified across states & product 3. Strong growth ou
Slide 31: Project Pipeline
FULL YEAR FY25 FINANCIAL RESULTS PROJECT PIPELINE 31
Slide 32: cedarwoods.com.au
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Cedar Woods Properties — FY2025 Earnings Presentation on 6ix