Cromwell Property Group · ASX:CMW
Cromwell Property — Shareholder Meeting (November 2024)
23 slides from Cromwell Property's shareholder meeting presentation, Nov 29, 2024
Slide 1: ASX cover letter: AGM 2024 Addresses and Presentation
Friday 29 November 2024 ASX Market Announcements Office Exchange Centre 20 Bridge Street SYDNEY NSW 2000 To whom it may concern For personal use only Cromwell Property Group (ASX:CMW) Annual General Meeting 2024 Addresses and Presentation In accordance with ASX Listing Rule 3.13.3, I attach a copy o
Slide 2: Chair's Address to Securityholders
ASX Announcement 29 November 2024 CHAIR’S ADDRESS AND CEO’S ADDRESS TO SECURITYHOLDERS CHAIR’S ADDRESS To those here in person and those who have dialled in today, thank you and we welcome you to Cromwell Property Group’s 2024 Annual General Meeting. I will give a brief introduction before handing o
Slide 3: CEO's Address to Securityholders
Cromwell Property Group (ASX:CMW) ASX Announcement 29 November 2024 Thank you, Gary. Cromwell delivered FY24 results which reflected valuation pressures in the market with a statutory loss of $531.6 million. Underlying operating profit for the financial year was $136.7 million, equating to 5.22 cent
Slide 4: Contacts and About Cromwell Property Group
Cromwell Property Group (ASX:CMW) ASX Announcement 29 November 2024 For investor relations: For retail securityholders: For media: Libby Langtry Cromwell’s Investor Services Team Brendan Altadonna Cromwell Property Group 1300 268 078 GRACosway +61 2 8278 3690 +61 7 3225 7777 +61 409 919 891 libby.la
Slide 5: Cromwell Property Group 2024 AGM
For personal use only Cromwell Property Group 2024 AGM Presentation 29 November 2024 1
Slide 6: Agenda
Agenda For personal use only 1. Chair’s Address Dr Gary Weiss AM, Chair Acknowledgement 2. CEO’s Address Jonathan Callaghan, CEO of Country 3. Formal Voting Dr Gary Weiss AM, Chair Cromwell Property Group acknowledges and pays respects to past 4. Items of Business and present Traditional Custodians
Slide 7: Board of Directors
For personal use only Board of Directors Dr Gary Weiss AM Eng Peng Ooi Rob Blain Jonathan Callaghan Non-executive Chair Independent Non-executive Independent Managing Director / Chief Deputy Chair and Senior Non-executive Director Executive Officer Independent Director Tanya Cox Joseph Gersh AM Lisa
Slide 8: Chair's Address
Section 1 For personal use only Chair’s Address 4 4
Slide 9: Key achievements FY24
Key achievements FY24 Solid performing portfolio of For personal use only Strategic asset sales achieved Platform set for growth core assets • $1.6 billion of assets sold or contracted for • Leasing across the Investment Portfolio • Focus remains on growth of local platform sale since 2022, dramatic
Slide 10: Strategy overview
Strategy overview For personal use only We will be an Serving specialising in Australian capital retail, wholesale and traditional light fund manager strategic institutional Australian property investors sectors 6 C R O M W E L L P R O P E R T Y G R O U P | 2 0 2 4 A G M
Slide 11: CEO's Address
Section 2 For personal use only CEO’s Address 7 7
Slide 12: FY24 financial summary
FY24 financial summary Overview Financial position For personal use only Statutory loss1 Underlying operating profit1 NTA per unit Liquidity2 $531.6 million $136.7 million $0.61 $292.3 million (equivalent to loss of 20.3 cps) (equivalent to 5.22cps) (FY23 $0.84) (FY23 $289 million) Distributions AFF
Slide 13: Strong locally focused platform
Strong locally focused platform Australia New Zealand For personal use only Investment Portfolio Funds Management Oyster $2.2 billion $1.5 billion $0.8 billion Fully integrated platform Active asset manager Total AUM1 Total AUM Total AUM Building value and efficiency through Driving positive leasing
Slide 14: ESG remains a key priority
ESG remains a key priority Strategic achievements For personal use only Base Building GreenPower coverage1 Australian tenant satisfaction Gender diversity progress in Australia 97% 40:40:20 score (FY23) where Cromwell directly manages electricity contracts 88% achieved in 4/6 levels of business 8.6%
Slide 15: Formal Voting
Section 3 For personal use only Formal Voting 11 11 11
Slide 16: Items of Business
Section 4 For personal use only Items of Business 12 12
Slide 17: Consideration of Reports
Item 1 CONSIDERATION OF REPORTS For personal use only This is not the subject of a formal resolution and no proxies apply. 13 C R O M W E L L P R O P E R T Y G R O U P | 2 0 2 4 A G M
Slide 18: Re-election of Mr Robert Blain as a Director
Item 2 RE-ELECTION OF MR ROBERT BLAIN AS A DIRECTOR For personal use only “That Mr Robert Blain, who retires by rotation in accordance with the constitution of Cromwell Corporation Limited and offers himself for re-election, is re-elected as a director of Cromwell Corporation Limited.” Number % of p
Slide 19: Re-election of Ms Jialei Tang as a Director
Item 3 RE-ELECTION OF MS JIALEI TANG AS A DIRECTOR For personal use only “That Ms Jialei Tang, who retires by rotation in accordance with the constitution of Cromwell Corporation Limited and offers herself for re-election, is re-elected as a director of Cromwell Corporation Limited.” Number % of pro
Slide 20: Adoption of Remuneration Report
Item 4 ADOPTION OF REMUNERATION REPORT For personal use only “That the Remuneration Report of Cromwell Corporation Limited for the financial year ended 30 June 2024 is adopted.” Number % of proxies received For 1,766,947,681 94.16% Open 5,802,732 0.31% Against 103,781,883 5.53% 16 C R O M W E L L P
Slide 21: Approval of Performance Rights Grant to the CEO
Item 5 APPROVAL OF PERFORMANCE RIGHTS GRANT TO THE MANAGING DIRECTOR AND CEO For personal use only “That approval is given for the acquisition by Mr Jonathan Callaghan (Chief Executive Officer) of: 1. Performance rights under the Cromwell Property Group Performance Rights Plan; and 2. Cromwell Prope
Slide 22: Questions
207 Kent Street, Sydney Section 5 For personal use only Questions 18 18
Slide 23: Important Information & Disclaimer
Important Information & Disclaimer For personal use only www.asx.com.au 19 C R O M W E L L P R O P E R T Y G R O U P | 2 0 2 4 A G M
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