Cvc Limited · ASX:CVC
Cvc — Shareholder Meeting (November 2018)
16 slides from Cvc's shareholder meeting presentation, Nov 26, 2018
Slide 1: AGM Presentation: Building Long Term Shareholder Value
For personal use only AGM PRESENTATION Building Long Term Shareholder Value NOVEMBER 26, 2018
Slide 2: Disclaimer
For personal use only Disclaimer Important Notice Financial amounts This Presentation (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 (CVC). All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation unless stated o
Slide 3: CVC 2018 Result Highlights
For personal use only CVC 2018 Result Highlights 1 JULY 2017 – 30 JUNE 2018 22.7 $0.15 $1.71 $1.00 $68.5 $65.2 Million Million Million Million NPAT DIVIDEND DIVIDEND UNRECOGNISED NET CASH REVENUE to shareholders 100% franked per share NTA PRE-TAX (Cash of $71.1M less UPLIFT at call debt of $2.6M) AN
Slide 4: CVC 2018 Result Highlights
For personal use only CVC 2018 Result Highlights 1 JULY 2017 – 30 JUNE 2018 • Underlying FY18 NPAT of $27.1 million • Significantly increased value of property portfolio with improved terms for Marsden Park / Mirvac PDA and progress on construction, planning and • FY18 NPAT to shareholders of $22.7
Slide 5: CVC Business Overview
For personal use only CVC Business Overview TOTAL REPORTED ASSETS AT 30 JUNE 2018 ANNUAL GENERAL MEETING PRESENTATION | 2018 5
Slide 6: CVC Track Record
For personal use only CVC Track Record 1 JULY 2017 – 30 JUNE 2018 TOTAL SHAREHOLDER RETURN SINCE TOTAL SHAREHOLDER RETURN SINCE 30 JUNE 1998 30 JUNE 1998 $4.50 $450,000 $4.00 $400,000 $3.50 $350,000 $3.00 $300,000 $2.50 $250,000 $2.00 $1.50 $200,000 $1.00 $150,000 $0.50 $100,000 $0.00 $50,000 $‐ 30/
Slide 7: Listed Investments
For personal use only About CVC – Listed Investments 1 JULY 2017 – 30 JUNE 2018 2018 Return Investment Highlights and Objectives • Substantial positive contributions from PBP, TLX, EDC, CYC, TOT, BNO, $105m MSV, SEA $14.9m 20% • Substantial negative contributions from INP, UBI, TFL, PRT, IDZ Investe
Slide 8: Direct Property Investments
For personal use only About CVC – Direct Property Investments 1 JULY 2017 – 30 JUNE 2018 2018 Return Highlights Advancement of major planning projects including: • Marsden Park (Exhibition of PSP) $19.1m2 $15.6m 79%1 • Donnybrook (PSP progressed) • East Bentleigh (VPA Strategic Site) Invested Profit
Slide 9: Property Backed Lending
For personal use only About CVC – Property Backed Lending 1 JULY 2017 – 30 JUNE 2018 2018 Return Investment Philosophy • CVC has a long and successful track record of providing secured property finance to developers and investors. It has been active in this space for $40.7m $8.6m 22%1 over 20 years
Slide 10: Private Equity Investments
For personal use only About CVC – Private Equity Investments 1 JULY 2017 – 30 JUNE 2018 2018 Return 2019 Objectives (Cont.) • Divest from under performing / stagnant investments • $18.5m $0.8m 4%1 Execute synergistic acquisition of a portfolio of investments • Undertake IPO’s of a number of portfoli
Slide 11: Alternative Assets/Debt
For personal use only About CVC – Alternative Assets/Debt 1 JULY 2017 – 30 JUNE 2018 2018 Return Investment Philosophy • CVC has the ability to provide flexible funding solutions for private equity investments which include ordinary debt and convertible notes $14.6m $1.4m 12%1 • This is achieved thr
Slide 12: Funds Management
For personal use only About CVC – Funds Management 1 JULY 2017 – 30 JUNE 2018 2018 Return Highlights • Growth of funds management businesses, including provision of seed and growth capital for: $3.9m $0.5m 22%1 - Australian Invoice Finance Limited; and Invested Profit Gross return - Bigstone Capital
Slide 13: Strategic Objectives – Progress
For personal use only Strategic Objectives – Progress 1 JULY 2018 – 30 JUNE 2019 Objective Goal Status Details Increase Funds Under Management Aim to increase FUM by $100 M Commenced • Launching initial property first mortgage debt syndicate; during year • HOA executed for JV to establish $80 M Emer
Slide 14: Year to Date
For personal use only Year to Date 1 JULY 2018 – 30 JUNE 2019 • Solid performance across all business segments for first Qtr 2019 and 2nd Qtr with exception of ASX Listed positions • $25 M deployed into new loans in both property backed and asset backed segments. Eildon Capital fully deployed. Signi
Slide 15: Outlook
For personal use only Outlook 1 JULY 2018 – 30 JUNE 2019 • Targeting key objective of long term shareholder value creation via NTA growth and recurrent earnings improvement • With both share market and property conditions likely to be challenging for the 2nd Qtr and into the 2nd half – we are conser
Slide 16: CVC Limited Proxy Results
For personal use only CVC Limited Proxy Results 1 JULY 2018 – 30 JUNE 2019 Item 2 – To resolve that the Remuneration Report be adopted Item 7 – Approval of Employee Share Option Plan For Against Abstain Discretion Excluded Total For Against Abstain Discretion Excluded Total 12,932,404 27,520 5,500 1