Peet Limited · ASX:PPC
Peet — Shareholder Meeting (November 2021)
18 slides from Peet's shareholder meeting presentation, Nov 16, 2021
Slide 1: 2021 Annual General Meeting
16 November 2021 For personal use only 2021 Annual General Meeting (“AGM”) Enclosed are copies of an address and a presentation to be given at today’s AGM of Peet Limited (ASX: PPC) (“Peet”) by Mr Tony Lennon, Chairman and Mr Brendan Gore, Managing Director and Chief Executive Officer, respectively.
Slide 2: Chairman's Address to 2021 Peet Limited Annual General Meeting
16 November 2021 For personal use only Chairman’s Address to 2021 Peet Limited Annual General Meeting I confirm that all Directors are present virtually at today’s AGM and we have also arranged for representatives from Ernst & Young, to be present. Later in the meeting you will be given the opportun
Slide 3: Strategic focus
Strategic focus We continue to make progress with, and back, our strategy to deliver quality residential communities around Australia through four key pillars: • investing in quality land; For personal use only • planning, creating and enhancing communities; • expanding our product offerings; and •
Slide 4: Conclusion
Conclusion I take this opportunity to thank my colleagues on the Board for their efforts during the year, and on their behalf thank Brendan Gore and his team for their contributions throughout FY21 and FY22 to date. The details of Brendan’s and other Key Management Personnel’s remuneration are outli
Slide 5: Annual General Meeting
ANNUAL GENERAL MEETING ae WAY PEET
Slide 6: Peet Continues to Benefit from Current Market Conditions
PEET CONTINUES TO BENEFIT FROM CURRENT MARKET CONDITIONS FY21 Results Summary Operating1 and For personal use only Statutory Profit $28.5 After Tax 89% million 3,142 1,948 LOTS3 SOLD 2,980 CONTRACTS ON 35% OPERATING EARNINGS HAND3 OF 5.9 CENTS LOTS3 SETTLED 9% PER SHARE INCREASE ON FY20 66% INCREASE
Slide 7: Strong Platform for Growth
STRONG PLATFORM FOR GROWTH Land bank of 44,957 For personal use only • Strong culture, brand and customer focus lots1 • Leading Australian developer of residential communities with a proven track record for Land bank of over 125 years $13.6bn gross • Large, nationally diverse land bank provides deve
Slide 8: Group Priorities and Strategic Focus
GROUP PRIORITIES AND STRATEGIC FOCUS Strategic focus on optimising land bank for future growth and value creation For personal use only Key trends underpinning our strategy Continue to leverage large scale national portfolio to further improve returns • Accelerate production to meet current demand a
Slide 9: Digital Innovation Driving Customer Experience
DIGITAL INNOVATION DRIVING CUSTOMER EXPERIENCE Significant investment in digital technology over last 5 years resulting in cost efficiencies across the Group and improved return on investment For personal use only Strategic priorities • Gain deep understanding of customer behaviour and preferences t
Slide 10: Enquiry Levels Remain Strong
ENQUIRY LEVELS REMAIN STRONG 10000 For personal use only 9000 8,890 • Enquiry levels remain strong with 8000 7,838 1,184 further growth across all states 427 during 1Q22 7000 828 6,956 923 6,579 6,202 899 Registrations of Interest 408 • Strong customer demand for 6000 307 5,571 affordable product co
Slide 11: Contracts on Hand
CONTRACTS ON HAND CONTRACTS ON HAND1 (LOTS) 2,797 Significant increase in contracts on hand1 reflects strong market conditions For personal use only 2,257 1,948 1,786 Contracts on hand1 at 31 October 2021 have increased by 44% since 30 June 2021 to 2,797 lots 1,257 • Reflects strong market condition
Slide 12: New Projects Provide Medium Term Earnings Visibility
NEW PROJECTS PROVIDE MEDIUM TERM EARNINGS VISIBILITY Pipeline of approximately 45,0001 lots providing visibility of future earnings For personal use only • Up to five new land community projects FY22 – FY24 NEW PROJECT RELEASE SCHEDULE and seven townhouse/apartment sites to commence development with
Slide 13: Flagstone QLD and Aston West VIC
FLAGSTONE - QLD • A ~12,000 lots master planned community with a GDV of more ASTON WEST - VIC than $3.7 billion - 38km south west of Brisbane’s CBD For personal use only • The only town-centre in the 7,000ha Greater Flagstone Priority Development Area, which will support the region’s expected popula
Slide 14: University Canberra ACT and Googong NSW
UNIVERSITY CANBERRA - ACT GOOGONG - NSW • Mixed use development with up to 3,300 dwellings and a GDV For personal use only of approx. $1.7 billion • Located 7km from the Canberra CBD and adjacent to the Belconnen Town Centre and Lake Ginninderra • A 6,000-lot JV master planned community with a GDV o
Slide 15: Brabham WA and Fort Largs SA
BRABHAM - WA FORT LARGS - SA • Total yield of approximately 3,300 dwellings with a GDV of approx. $700 million - 20km from the Perth CBD For personal use only • Adjacent to the future METRONET Whiteman Park Station, which is expected to be completed in 2024 • A yield of 335 dwellings with a GDV of a
Slide 16: Keysborough VIC and Glendalough WA
KEYSBOROUGH - VIC GLENDALOUGH - WA • A yield of 100 townhouses with a GDV of approx. $100 million, For personal use only 35km from southeast of Melbourne CBD • Well located landholding, 5km from Dandenong Hospital, Deakin University, train station and Port Phillip Bay • A yield of 105 townhouses wit
Slide 17: Group Outlook
GROUP OUTLOOK • Residential markets are expected to remain positive over the medium term supported by improving employment outlook, population growth For personal use only and current accommodating credit conditions Focused on positioning the Group for growth through a prudent approach to project de
Slide 18: 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