Slide 1: Interim Results Presentation 31 December 2006
ANN nies Ci ‘ _. _ i TEAR ANN Hag HCA co Nth Fee ee ‘ a ae re ai We TD Sh scant Vn anal uy) mi aN A | a ney : ric moruan
Slide 2: First half FY 2007 PBT of $10.0 million and NPAT of $7.9 million
First half FY 2007 PBT of $10.0 million and NPAT of $7.9 million; An increase of $44.1 million after tax in the value of listed investments; An increase of 100% in the interim dividend to a record 6 cents fully franked per share; A forecast NPAT of approximately $30 million for the full year ended 3
Slide 3: Balance Sheet — 31 December 2006
Balance Sheet — 31 December 2006 $7000 30 Jun 06 31 Dec 06 Movement Current Assets 40,389 49,803 23.3% Non-Current Assets 155,733 210,018 34.9% Total Assets 196,122 259,821 32.5% Current Liabilities 7,111 2,976 (58.1%) Non-Current Liabilities 21,604 41,898 93.9% Total Liabilities 28,715 44,874 56.3%
Slide 4: Profit & Loss — 31 December 2006
Profit & Loss — 31 December 2006 $7000 31 Dec 05 31 Dec 06 Movement Total Income 6,821 11,444 Net Equity Accounted profits/ (losses) {504} 1,140 Expenses 3,071 2,573 Profit before income tax expense 3,246 10,011 208.4% Income Tax Expense 209 2,145 Net Profit after Tax 3,037 7,866 159.0% Basic & dilu
Slide 5: In the six months to December 2006
In the six months to 31 December 2006 . The first half FY07 profit after tax increased 159% over the comparative half year The Listed Investments segment experienced a strong 54% gain in value (pre-tax) Return on shareholder funds is over 31% Successful ASX listing of Probiotec at 15% premium to IPO
Slide 6: Listed Investments
Listed Investmenis « History of strong dividend and capital growth + Portfolio (major investments): Change Revenue HY1 06 5.07m Revenue HY 1 05 2.78m 30.06.06 34.42.06 % Sunland (SDG) $76m $123m 65% Trinity (TCQ) $5m $10m 40% Cellnet Group (CLT) $tim $15m 23% Greens (GFD) $10m $14m 42% Tri Origin Mi
Slide 7: Private Equity
Private Equity Change Revenue HY106 Revenue HY 1 05 3.14m 151m * An active management approach to add significant value to performing and underperforming companies * Successful listing of Probiotec on the ASX in Nov 2006 (retained 4% and crystallised $2.2m profit) * ASX listing of Cyclopharm in Jan
Slide 8: Property
Property Change Revenue HY106 Revenue HY 105 490% 1.80m 0.62m The identification and participation in property based transactions where they meet the investment criteria set by CVC and provides scope for yield, re-current income and capital growth Continued to expand property portfolio Recently ente
Slide 9: Funds Management
Funds Management Change Revenue HY106 Revenue HY 105 - 25% 0.64m 0.85m * CVC Renewable Energy Equity Fund (“CVC REEF”) a $27m unlisted fund * CVC Private Equity a $20m unlisted fund * CVC Sustainable Investments Limited a $10m unlisted fund * CVC Trinity Property Fund signed a JV with Trinity Group
Slide 10: Dividend
Dividend Change HY1 06 HY 105 ‘ 6cps 3cps * Inrecognition of the continuing development of CVC and the transition to more recurrent earnings streams * The dividend will be paid on the 16" February 2007 to all shareholders registered at 9 February 2007 * The Final Dividend will also be increased to 6
Slide 11: To unlock value in CVC through
To unlock value in CVC through * Increasing the dividend pay-out ratio to 40% * Growing FUM * Increasing liquidity « Focusing on building recurring revenue streams * Utilising the strength of the balance sheet to facilitate deals Growth Opportunities * Develop a diversified financial services busine
Slide 12: Direct Property, Private Equity, Funds Management, Strategic Listed Investments
Direct Properly Investments Fern Bay Belrose Shepparton Geelong Gordon . CVE Limited Private Equity Ron Finemore Transport Green’s Foods Others Funds Management CVC Trinity CVC Sustainable CVC Private Equity CVC REEF Slralegic Listed Jnvesiments Pro-Pac Packaging Sunland Group Cellnet Tri-Origin Cyc
Slide 13: Grow funds under management to > $300m by 2009
* Grow funds under management to > $300m by 2009 * Continued development of management strengths to execute active investment prospects « JV with Trinity to grow CVC Trinity property fund to at least $200m by 2008 * Increase dividend payment to 12 cents per share fully franked (40% pay-out ratio) «