Elanor Investors Group · ASX:ENN
Elanor Investors — FY2020 Earnings Presentation
24 slides from Elanor Investors's earnings presentation, Aug 20, 2020
Slide 1: ASX Announcement Cover Letter
20 August 2020 Company Announcements Office ASX Limited Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam Attached is the Elanor Investors Group (ASX:ENN) FY20 Results Presentation. Yours sincerely, Symon Simmons Company Secretary Elanor Funds Management Limited Authority and
Slide 2: Elanor Investors Group FY20 Results Presentation
ELANOR INVESTORS GROUP FY20 Results Presentation 20 August 2020
Slide 3: Contents
Contents Section Page No. 1 FY20 Results Overview 3 2 FY20 Highlights 5 3 Strategy and Business Overview 12 4 Financial Results 18 5 Strategy and Outlook 21 [2]
Slide 4: FY20 Results Overview
Nanot® FY20 Results Overview
Slide 5: FY20 Results Overview
FY20 Results Overview • Listed Elanor Commercial Property Fund in December 2019. FUM of $381.6m at 30 Funds Under $1,692m • June 2020 Established managed funds in FY20 with a combined gross asset value of $180.3m as Management 22.0% increase on FY19 at 30 June 2020 • Elanor Retail Property Fund FUM
Slide 6: FY20 Highlights
Nanot® FY20 Highlights
Slide 7: Asset Values in ENN's Managed Funds Reflect Disciplined Investment Approach
Asset Values in ENN’s Managed Funds Reflect Disciplined Investment Approach 1,645 1,640 2.42 0.00 1,635 (4.71) 5.35 1,630 1,625 1,620 1,640 1,637 $’000 1,615 1,610 1,605 1,600 1 31 December 2019 Retail Commercial Healthcare HTL 30 June 2020 • The aggregate re-valuations of the Group’s Managed Funds’
Slide 8: Elanor's Investments Competitively Positioned in their Respective Markets
Elanor’s Investments Competitively Positioned in their Respective Markets Elanor’s Managed Funds have acquired assets across Australia and New Zealand based on their unique risk return profile and real estate attributes, with a focus on: • Retail - non-discretionary retail • Commercial - established
Slide 9: Continued Growth in AUM: 24% Year on Year
Continued Growth in AUM: 24% Year on Year FUM Compound Annual Growth Rate (CAGR) of 64% p.a. since listing in July 2014 2,000 1,800 1,600 $ millions 1,400 1,200 $1,692 1,000 $1,387 800 $1,083 600 $682 400 $485 $346 $87 200 $87 $203 $118 $107 $159 $145 $163 $86 0 At IPO in July-14 30-Jun-15 30-Jun-16
Slide 10: Diversified FUM Across Elanor's Investment Sectors of Focus
Diversified FUM Across Elanor’s Investment Sectors of Focus Retail Commercial Healthcare Hotels, Tourism and Leisure $765m $415m $128m $384m ASX: ERF Hunters ASX: ECF EHREF EMPR $328m $60m $382m $128m $163m 2020 Waverley Bluewater Stirling ELHF $175m $52m $33m $169m Fairfield Belconnen EWPF $94m $56
Slide 11: Continued Growth in Funds Management Income: 43% Year on Year
Continued Growth in Funds Management Income: 43% Year on Year 24,000 22,000 20,000 18,000 16,000 14,000 $' 000 12,000 10,000 8,000 6,000 4,000 2,000 - 30-Jun-15 30-Jun-16 30-Jun-17 30-Jun-18 30-Jun-19 30-Jun-20 Performance Fees 890 2,708 4,180 338 1,297 1,756 Acquisition Fees 2,325 1,500 2,672 3,997
Slide 12: Scalable Funds Management Platform Well Positioned for Growth
Scalable Funds Management Platform Well Positioned for Growth • High calibre, long tenure and experienced senior executives • Strong track record of delivering investment performance People • Team located across the country • Non-discretionary and value-add town centre retail Process • Quality tenan
Slide 13: Strategy and Business Overview
Strategy and Business Overview
Slide 14: Elanor Investors Group: 'Pure Play' Real Estate Funds Manager
Elanor Investors Group: ‘Pure Play’ Real Estate Funds Manager • $1.7bn of FUM • ASX listed FUM of $0.71bn Real Estate Funds Manager • Annualised recurring Funds Management fees of $14.4m and growing ‘ True Play’ Real Estate Funds • Balance Sheet comprises cash, short term receivables and Co-investme
Slide 15: Funds Management Strategy
Funds Management Strategy • Grow funds under management Strategic Objective • Deliver strong returns for Elanor capital partners and security holders • ‘Capital-lite’ funds management business Provide superior investment results to deliver on strategic objective Commercial Office Retail Hotels, Tour
Slide 16: ENN Generates Consistent Transactional Income
ENN Generates Consistent Transactional Income As an active Fund Manager and investor, ENN continues to generate consistent and growing levels of transactional cash earnings from: • Performance fees • Gains on the sale of Co-investments in the Group’s Managed Funds • Gains on the sale of balance shee
Slide 17: Funds Under Management and Investment Portfolio
Funds Under Management and Investment Portfolio MANAGED FUNDS INVESTMENT PORTFOLIO ($m) ($m) Hotel Ibis Stirling Street 1834 Styles Albany Syndicate Hospitality Elanor Wildlife Fairfield Elanor Wildlife Waverley Park Fund Centre Syndicate Park Fund Gardens Fund Elanor Commercial Property Fund Hunter
Slide 18: The Group has Significant Capital to Facilitate Future Growth
The Group has Significant Capital to Facilitate Future Growth Existing Capital Available to Facilitate Future Growth ($m) Cash and receivables 23 Capital management; recycling Co-investment capital (anticipated to be recycled to cash in FY21) 84 Total Growth Capital 107 • The Group has approximately
Slide 19: Financial Results
Nanot® Financial Results
Slide 20: Core Earnings Analysis
Core Earnings Analysis FY19 FY20 • Increase in Funds Management income of 43.0% to $21.5m Contribution to Core Earnings $’000 $’000 (refer page 10 of this presentation for a breakdown of Funds Management income) Funds management income 15,032 21,487 Co-investment earnings 7,423 5,837 • Co-investment
Slide 21: Adjusted Balance Sheet
Adjusted Balance Sheet1 Balance Sheet as at 30 June 2020 $’000 • Net assets of $155.1m as at 30 June 2020 ($159.1m as at 30 Assets June 2019) Cash 17,255 • Co-investment in Elanor Managed Funds of $197.8m ($123.8m Receivables 6,514 as at 30 June 2019) Inventories 19 • Interest bearing debt of $88.1m
Slide 22: Strategy and Outlook
Nanot® Strategy and Outlook
Slide 23: ENN Strategy and Outlook
ENN Strategy and Outlook Strategic Grow funds under management Objectives Deliver strong returns for Elanor capital partners and security holders Acquire high investment quality Grow institutional and private Grow listed public market FUM Grow FUM assets with quality income and capital base funds ma
Slide 24: Disclaimer
Disclaimer This presentation has been authorised for release by the Elanor Investors Group Board of Directors. This presentation has been prepared by Elanor Investors Limited (ACN 169 308 187) and Elanor Funds Management Limited (ACN 125 903 031, AFSL 398196), as responsible entity of Elanor Investm
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