Desane Group Holdings Ltd · ASX:DGH
Desane — FY2015 Earnings Presentation
21 slides from Desane's earnings presentation, Sep 14, 2015
Slide 1: Results FY15
For personal use only Results FY15 14 September 2015
Slide 2: Contents
Contents For personal use only 1 FY15 Results Overview 2 FY15 Group Financial Results 3 Operational Results & Update 4 Outlook & Guidance 5 Board & Management Page 2
Slide 3: FY15 Results Overview
For personal use only Section 1 FY15 RESULTS OVERVIEW Page 3
Slide 4: FY15 Results Overview: Maintaining shareholder value
FY15 RESULTS OVERVIEW For personal use only Maintaining shareholder value Total revenue increased 44% to $6.2m EBIT to $4.7m NPAT off $2.5m $2 5 Total assets increased by 17% to $61.0m Basic EPS of 8.0c1 (diluted 6.9c2) up from 4.1c in FY14 Capital management strategy implemented Fully
Slide 5: FY15 Group Financial Results
For personal use only Section 2 FY15 GROUP FINANCIAL RESULTS Page 5
Slide 6: FY15 Group Financial Results
FY15 GROUP FINANCIAL RESULTS For personal use only Positive earnings Strong balance sheet Earnings summary 12 months h to 12 months h to Balance l sheet h As at As at 30 June 2015 30 June 2014 summary 30 June 2015 30 June 2014 Total revenue $6.2m $4.3m Total assets $61.0m $52.1m Net assets $26.7m $2
Slide 7: Summarised income statement FY15
Summarised income statement FY15 For personal use only 12 months to 12 months to % change1 Summarised statutory income statement 30 June 2015 30 June 2014 Revenue Rental income $2.2m $2.0m P j management & services Project i $0 6 $0.6m $0 4 $0.4m Property revaluations (net gain) $3.2m $2.2m Other $0
Slide 8: Summarised balance sheet FY15
Summarised balance sheet FY15 For personal use only Summarised balance sheet As at 30 June 2015 As at 30 June 2014 Assets Cash $ 4.7m $2.4m Development properties $20.6m $10.3m Investment p properties p $32.7m $30.3m Other assets1 $3.0m $9.1m TOTAL ASSETS $61.0m $52.1m Liabilities Interest bearing l
Slide 9: Debt management
Debt management For personal use only As at 30 June 2015 As at 30 June 2014 Investment facilities $ $19.6m $ $19.6m Development facility1 $6.7m ‐ Net cash flow $ $4.7m $ $2.4m Net debt2 $21.6m $21.3m Gearing3 49% 48% Interest cover ratio4 6.0x 3.0x LVR4 50% 50% 1 Total development facility is $10.0m
Slide 10: Franked dividend payments commenced
Franked dividend payments commenced For personal use only 2015 2014 2013 Interim 2.0c Nil Nil Special dividend 15.0c 2.0c Nil Final dividend1 2.0c 2.0c 1.0c Franking2 100% 100% Nil 1 Final dividend recommended and payable on 26 November 2015 2 Franking of $1.4m available following the payment of the
Slide 11: Operational Results & Update
For personal use only S i 3 Section OPERATIONAL RESULTS & UPDATE Page 11
Slide 12: Operational results & update
Operational results & update For personal use only Active asset management resulting in 100% occupancy and a 3.0 year WALE1 across the Groupp Revaluation of the Group’s property portfolio by $3.2m largely driven by a combination of yyear on yyear income ggrowth,, low interest rates and tightenin
Slide 13: Quality property investment portfolio
Quality property investment portfolio For personal use only Portfolio summary 30 June 2015 30 June 2014 Tenancy diversification by industry Number of investment 4 4 properties Net property revaluation $ $2.2m $ $0.3m 6% 3% Healthcare uplift1 7% Events Management 32% Weighted average cap 7.5% 8.3% 9%
Slide 14: Portfolio details
Portfolio details For personal use only Property State Ownership/ Valuation Valuation Cap Net Occupancy WALE title date rate lettable (years) area (m2) 7 Sirius Road NSW 100% $5.0m June 2013 7.75% 2,778 100% 5.4 Land Cove 13 Sirius Road NSW 100% $4.1m June 2013 7.75% 2,181 100% 4.0 Lane Cove 7‐9 Ori
Slide 15: Developments
Developments For personal use only Following development approval for an additional 3 apartments in June 2015, the Easton Rozelle development now comprises 32 residential apartments, 3 commercial suites and 45 security parking spaces The Group has exchanged pre‐sale contracts for 97% of the proj
Slide 16: Outlook & Guidance
For personal use only S i 4 Section OUTLOOK & GUIDANCE Page 16
Slide 17: Outlook & guidance
Outlook & guidance For personal use only Desane Group Holdings Limited will continue to specialise in: Property Investment Property Development Property Management Property Project Management 2018 Desane will continue to: Own and manage 2016 $100m of Actively manage its capital and pay ful
Slide 18: Management and Board
For personal use only S i 5 Section MANAGEMENT AND BOARD Page 18
Slide 19: Management
Management For personal use only Management Team Phil Montrone OAM Jack Sciara Rick Montrone Managing Director Chief Financial Officer Property Asset Manager Sheehan Phil has served as Managing Director since Jack joined Desane in 2001 and has over Rick is the Company's Property Asset the Company's
Slide 20: Board
Board For personal use only Independent Board John Bartholomew Prof. John Sheehan Non‐excecutive Director & Chairman Company Secretary John is a practising Chartered Town Planner and John joined Desane in 1989 as Financial Controller and Registered Valuer and specialises in compulsory Company Secret
Slide 21: Directory
Directory Principal Registered Office in Australia Auditor For personal use only 68‐72 Lilyfield Road, Rozelle, NSW 2039 GCC Business & Assurance Pty Ltd Postal Address: PO Box 331, Leichhardt NSW 2040 Suite 807, 109 Pitt Street, Sydney NSW 2000 Telephone: (02) 9555‐9922 Solicitors Facsimile: (02) 9