Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Euroz Hartleys Property Conference 2020
15 slides from Cedar Woods Properties's conference presentation, Nov 10, 2020
Slide 1: Euroz Hartleys Property Conference
EUROZ HARTLEYS PROPERTY CONFERENCE 10 November 2020 For personal use only
Slide 2: About Cedar Woods: Company Overview
About Cedar Woods: Company Overview For personal use only S&P ASX 300 property company; market capitalisation of ~$450m Products: land estates, townhouses, apartments & commercial 30 projects across VIC, SA, WA, QLD Aster Apartments, Jackson Green 8600+ lots in pipeline High amenity locati
Slide 3: About Cedar Woods: History of Outperformance
About Cedar Woods: History of Outperformance For personal use only TOTAL SHAREHOLDER RETURN 10% 5% 0% 1 YR 2 YR 3 YR 5 YR -5% -10% -15% -20% CWP PEERS ASX300 3
Slide 4: About Cedar Woods: Strategy
About Cedar Woods: Strategy For personal use only To grow our national project Geography Good geographic spread of well-located projects in 4 states portfolio, diversified by geography, product type and price point, so that it continues to hold broad Product Type Range of housing lots, townhouses, a
Slide 5: Project Example 1: Williams Landing
Project Example 1: Williams Landing For personal use only 275 ha infill site Train station, bus terminal and freeway interchange 2500 dwellings in neighbourhoods 101 Overton Strata Office Artist impression Over 20 commercial / mixed use sites 10+ years remaining 107 Overton Road, Williams
Slide 6: Project Example 1: Williams Landing
Project Example 1: Williams Landing For personal use only New town is taking shape Numerous office, retail & residential projects completed Several apartments buildings complete 2 strata office developments 101 Overton Strata Office complete Artist impression Two single tenant office build
Slide 7: Project Example 2: Incontro, Subiaco, WA
Project Example 2: Incontro, Subiaco, WA For personal use only PURPOSE Geography 41 Our purpose is to create long-term value for shareholders townhouses & 98 apartments through the development of vibrant communities. Sales launch Nov 20 VISION Strong VALUES enquiry Our vision is to be the best
Slide 8: Project Example 2: Incontro, Subiaco, WA
Project Example 2: Incontro, Subiaco, WA For personal use only PURPOSE Geography Our purpose is to create long-term value for shareholders through the development of vibrant communities. VISION VALUES Our vision is to be the We do what we say we’ll do best Australian property We are people developer
Slide 9: Market Conditions: Property Sector
Market Conditions: Property Sector For personal use only Demand impacted by social distancing, low buyer confidence & economic conditions, immigration. Impact on housing has not been as much as expected with median house price drops modest thus far. New supply has been limited in recent years
Slide 10: Market Conditions: By State
Market Conditions: By State For personal use only Market Outlook Melbourne Brisbane Perth Adelaide • Conditions currently subdued due to COVID-19 & • Qld is potentially the best placed state in the • Land sales strong in early FY21 as supported • Mature & relatively stable market with lower social r
Slide 11: Outlook: Earnings Growth underpinned by Presales
Outlook: Earnings Growth underpinned by Presales For personal use only $m REVENUE & PRESALES 400 350 300 Portfolio of 250 over 8,600 lots / units 200 150 Settle ~1,000 lots / units p.a. 100 50 0 FY2019 FY2020 FY2021 FY2022+ Full Year Revenue Presales to date 11
Slide 12: Outlook
Outlook For personal use only Sector drivers of population growth, economic growth and unemployment are currently weak Government stimulus is underpinning demand for housing however COVID-19 is expected to impact sales and potentially delivery programs over FY21 WA portfolio benefitting from signifi
Slide 13: Disclaimer of liability
For personal use only Disclaimer of liability While every effort is made to provide complete and accurate information, Cedar Woods Properties Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject
Slide 14: Appendix 1: Government Stimulus
Appendix 1: Government Stimulus For personal use only HomeBuilder grant driving sales Contracts to be signed by 31 December Construction to start within 3 months of contract (6 months in Victoria) New property value up to $750,000 Income eligibility $125,000 individual, $200,000 couple Inc
Slide 15: Appendix 2: HIA's Outlook for Dwelling Starts (August 2020)
Appendix 2: HIA’s Outlook for Dwelling Starts (August 2020) For personal use only WA VIC QLD SA 15
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