Axtec Limited · ASX:AXI
Axtec — Axiom Properties — Euroz WA Property Conference 2007
19 slides from Axtec's conference presentation, Jun 13, 2007
Slide 1: Axiom Properties Limited
AXIOM PROPERTIES LIMITED
Slide 2: Overview
PROPERTIES LIMITED Overview * Axiom is focused on being an integrated national property group ¢ Underwent a significant re-structuring in April 2006 with Pivot Group taking control of register and Board * Pivot Group is a national property development business with a 35 year track record of sourcing
Slide 3: Strategic Alliance Agreement
PROPERTIES LIMETED Strategic Alliance Agreement * Strategic Alliance Agreement executed in October 2006 * Obligates Pivot to put ALL development opportunities to Axiom « Market valuation provides transparent mechanism to deal with transfer pricing « Axiom Board works with Pivot on opportunities to m
Slide 4: Philosophy
Philosophy AXIOM * Strategy of risk averse property development * Ability to leverage equity position through generating significant opportunities * Strong investment philosophy, rigorous and disciplined de-risking strategies ¢ Pivot Group’s executive team has positioned the business to focus on the
Slide 5: Risk/Return
Risk/Return lower Land Planning Zoning Development Construction Repositioning Leasing Income Generating AXIOM PROPERTIES LIMITED RETURN
Slide 6: Current Projects
Current Projects AXIOM ERPIES LEMITED Roe Brighton Child Care f Symbion Mecical | Centre, Caboolture er ee Century City Office Project nes Port Geographe Canal Subdivision neu Coffey WorldPark Office campus The Age site é ‘_ Melbourne CBD
Slide 7: Port Geographe
Port Geographe AXIOM * 40% interest in Port Geographe residential subdivision * Total of 621 lots, majority with canal frontage * Total sales thus far $102.6m, 206 lots * Latest stage sales at $625,000 per lot average * Strong and robust underlying local economy underpinning the level of demand ¢ Un
Slide 8: Port Geographe
Port Geographe AXIOM
Slide 9: Port Geographe - sales
Port Geographe - sales Port Geographe (South of Layman Ra} Sales History Stage 3Jan06) Stage tvan G6) Stage 2am 06} Staged(Mar 06) Stage 5(Dec 07) Stage 6 (Deciian Lot Release Dates ov) AXIOM PROPERTIES LIMITED $700,000 $600,600 ‘| $500,008 $400,000 $300,000 $200,000 $100,000 MN § per Square Metre —
Slide 10: Perth CBD office development
PROPERTIES LIMITED Major office development in Perth’s CBD, prime location Office leasing market hottest for years, underpinned by robust economy Prime office vacancy <1%, rents 7, incentives | $5m equity contribution, re-paid at PC Entitled to 50% of profits as valued at PC Major leasing deal with
Slide 11: Axiom Properties Limited
AXIOM PROPERTIES LIMITED 7
Slide 12: Coffey WorldPark office campus, Adelaide
PROPERTIES LIMITED Executed a binding Agreement for Lease and Lease with ASX listed Coffey International (ASX Top 300) in February 2007 Purchased strategic site on long term settlement basis Innovative new concept — ESD initiatives, campus style Completion Stage 1 expected mid 2009 End value estimat
Slide 13: Axiom Properties Limited
AXIOM PROPERTIES LIMITED
Slide 14: The Age site, Melbourne CBD
PROPERTIES LIMITED meri) Contracted to buy “The Age” site, in JV with ISPT for $66.1m Nearly whole city block (15,200 sq.m.), located in prime position opposite Spencer St station, west end of Melbourne CBD The Age to lease back for 3 year period Directly in the path of the new growth centre of Melb
Slide 15: Melbourne market
PROPERTIES LIMITED meri) ¢ Melbourne viewed as recovering market ¢ Relatively low office accommodation costs ¢ Relatively high housing affordability ¢ Number of major users of office space coming to market in medium term ¢ Strong demand for prime sites ¢ Leaseback to The Age provides surplus income
Slide 16: Axiom Properties Limited
AXIOM PROPERTIES LIMITED
Slide 17: Symbion Medical Centre
symbion Medical Centre AXIOM * Agreement for Lease and Lease documents executed for 10 year lease * Custom built medical centre * Strong covenant, favourable lease terms * Construction commenced March 2007, completion expected October 2007 * Fixed lump sum construction contract * Strong demand for t
Slide 18: Future Opportunities
Future Opportunities AXIOM * Axiom has control of a significant pipeline of quality investment opportunities in a tight market * Opportunities can be differentiated from other managers by track record * Currently working with Pivot on several new exciting opportunities pursuant to the SAA * Active p
Slide 19: Corporate Structure
Corporate Structure AXIOM * 335.3m fully paid ordinary shares * 150m options (excluding Directors’ options) * Pivot entities control 37% fpo (54% fully diluted) * Strong management team with significant property development expertise * Management team with strong alignment of interest in performance