Peet Limited · ASX:PPC
Peet — Euroz Hartleys Rottnest Conference 2023
13 slides from Peet's conference presentation, Mar 8, 2023
Slide 1: Euroz Hartleys Rottnest Conference
EUROZ HARTLEYS ROTTNEST CONFERENCE For personal use only MARCH 2023
Slide 2: 1H23 Results Highlights
1H23 Results Highlights Strong performance underpinned by For personal use only high quality portfolio FINANCIAL OPERATIONAL 1H23 Net Operating Profit1 1H23 DPS $35.1m 3.50c 608 998 LOTS4 SOLD LOTS4 SETTLED +70% on 1H22 +56% on 1H22 Operating Earnings per Share 7.38c $1.25 NTA $775m 2 NEW PROJECTS C
Slide 3: Strong Platform for Growth
Strong Platform for Growth For personal use only GEOGRAPHICALLY DIVERSE $13.3bn • • Benefit from various growth corridors – positioned for future Australian population growth Allows Peet to leverage state-base fluctuations END VALUE • Ability to manage land bank and capital through market cycles 45
Slide 4: Delivering against our Strategy
Delivering against our Strategy Significant value to be unlocked For personal use only INVEST in high quality land EXPAND product offering MAINTAIN strong capital VALUE CREATION in strategic locations across and geographic presence to appeal management • Good visibility of future earnings country to
Slide 5: Flagstone City – QLD
Flagstone City – QLD • A large scale, low cost and long-term project in key For personal use only SEQ growth corridor with more than 11,000 lots with a GDV of c.$4.1 billion • Located 38km south-west of Brisbane’s CBD and 27km from Springfield in one of the fastest growing corridors in SEQ - Strong
Slide 6: Flagstone City – QLD
Flagstone City – QLD • For personal use only Includes significant development opportunity of future Town Centre anchored by health, retail, education, bulky goods and medium to high density residential uses - The project includes the only town centre in the 7,000ha Greater Flagstone Priority Develop
Slide 7: Flagstone City – QLD: Proposed precincts
Flagstone City – QLD For personal use only Proposed precincts Page 7 | Euroz Hartleys Rottnest Conference | March 2023
Slide 8: University Canberra – ACT
University Canberra – ACT • For personal use only Urban infill project comprising c.2,7001,2 dwellings with a GDV of c.$2.2 billion - comprising a mix of townhouses and apartments • Located 6.5km from Canberra City and providing significant presence in the Belconnen Town Centre growth corridor • Sig
Slide 9: University Canberra – ACT
University Canberra – ACT For personal use only Artist impression Artist impression Page 9 | Euroz Hartleys Rottnest Conference | March 2023
Slide 10: Enquiry Levels Remain Solid
Enquiry Levels Remain Solid For personal use only • Enquiry levels and buyer urgency have moderated 11,716 11,954 over 1H23 on the back of rising interest rates and lower consumer confidence in response to media commentary on inflation, construction timeframes and house values 8,896 - Buyers remain
Slide 11: Strong Financial Position
Strong Financial Position Strong starting position and visibility for 2H23 For personal use only • Value of contracts on hand of $775m • Contract value per lot has increased 25% to c.$350k/lot since FY21 CONTRACTS ON HAND1 (LOTS) CONTRACTS ON HAND (VALUE) $930 m 2,597 $775 m 2,207 1,948 1,786 $547 m
Slide 12: Group Outlook
Group Outlook • Residential markets continue to normalise from their peak as a Focused on positioning the Group for For personal use only result of interest rate increases and inflation growth through a prudent approach to • Rising interest rates have impacted buyer sentiment, particularly for FHB,
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