Cvc Limited · ASX:CVC
Cvc — Investor Presentation (November 2025)
41 slides from Cvc's investor presentation, Nov 12, 2025
Slide 1: CVC Notes 3 Investor Presentation
CVC Notes 3 (ASX: CVCHB) Investor Presentation November 2025 ASX:CVC
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE Investors should have regard to Appendix 1 of this Presentation when making their investment decision. These risks, together with other general risks applicable to all investments in listed securities and debentures not specifically referred to in this Presentation, may a
Slide 3: Table of Contents
Table of Contents Executive Summary 4 Company Overview 5 FY25 Summary & Outlook 12 Financial Information 17 Offer Overview 23 Appendix – Key Risks 27 – Key Property Investments 30 CVC Limited | CVC Notes 3 Investor Presentation 3
Slide 4: Executive Summary
Executive Summary CVC is offering 500,000 redeemable, unsecured, non-convertible, unsubordinated notes (“CVC Notes 3”) with an aggregate Face Value of $50m (with the ability to raise more or less) to maintain balance sheet strength, enabling the Company to take advantage of investment opportunities
Slide 5: Company Overview
Company Overview CVC Limited | CVC Notes 3 Investor Presentation 5
Slide 6: The CVC team
The CVC team CVC is led by a committed team of property investment and planning specialists with proven through-cycle track records Craig Treasure Mark Avery John Leaver Ian Campbell Executive Chair Managing Director Executive Director Independent Director • 40+ years experience • 20+ years experien
Slide 7: Our value proposition
Our value proposition CVC is a differentiated real estate investment platform that provides exposure to institutional-scale, land-based investments with the potential to generate capital growth The investment model Secure Add value Monetise Identify and Utilise proprietary Crystallise profit structu
Slide 8: Current pipeline
Current pipeline CVC has assembled significant landbanks deliberately positioned around high-conviction themes Landbank1 12 443 ha $1.3bn $2.1bn ~2,600 ha major projects site area current land value2 target land value3 DMA site area Potential to deliver1 6 1.2m sqm ~7,400 ~40,000 potential data cent
Slide 9: Strategic locations, growth sectors
Strategic locations, growth sectors Eastern Seaboard portfolio strategically located in priority growth corridors and exposed to sectors with strong long-term fundamentals Logistics and digital infrastructure Residential and mixed use 1 Marsden Park North 2 Donnybrook 3 South Morang (MR)1 4 South Mo
Slide 10: High conviction value creation pathway
High conviction value creation pathway CVC is actively executing in-progress property strategies with the objective to deliver significant capital growth Net tangible assets per share bridge ($ per share) 1 ‘As-is’ market NTA 3 Represents audited, statutory NTA per share as at 2 30 June 2025 of $1.4
Slide 11: Major Projects
Major Projects Estimate of Asset Values • The Board commissioned a process to gain a market assessment of property values of all major projects • The exercise sought to establish current ‘as is’ and target future values of its major investments (excluding Norwell Valley) Purchase Settlement Estimate
Slide 12: FY25 Summary & Outlook
FY25 Summary & Outlook CVC Limited | CVC Notes 3 Investor Presentation 12
Slide 13: FY2025 financial summary
FY2025 financial summary Financial Results – 30 June 2025 Net Profit After Tax Assessed Market Value to Shareholders Per Share Growth $0.5m $0.33 • No ability to account for • Accounts for the change in market value increases the market assessed value of which have occurred across major property rel
Slide 14: FY2025 was a milestone year, positioned for growth
FY2025 was a milestone year, positioned for growth 1 July 2024 – 30 June 2025 Tactical entry to the data Entered Entry to the data centre land market with centre land market via the the unlock of a 250MW+ urban precinct • Rare, de-risked urban data centre land play • Highly strategic power-rich loca
Slide 15: South Morang urban data centre precinct
South Morang urban data centre precinct Rare and highly strategic power-rich precinct with potential to deliver 250MW+ of data centre capacity 1 McDonalds Road site1 ü Land secured (CVC 40%) ü Development approval secured 2 ü Power availability and infrastructure confirmed ü Power application submit
Slide 16: Outlook and strategy
Outlook and strategy CVC is committed to unlocking the value of its major projects and pursuing new high-conviction opportunities 03 Key Strategic Priorities FY 2026 02 Heading • Marsden Park Industrial Rezoning 01 • Liverpool Residential Rezoning Create new assets • South Morang (Williamson’s Road)
Slide 17: Financial Information
Financial Information CVC Limited | CVC Notes 3 Investor Presentation 17
Slide 18: Historical financial performance
Historical financial performance 30 June 2023 30 June 2024 30 June 2025 In thousands of AUD (Audited) (Audited) (Audited) $’000 $’000 $’000 Income Profit from development properties1 8,660 2,629 4,895 Change in fair value of investment property2 1,578 - 6,600 Interest income3 9,448 7,551 5,608 Equit
Slide 19: Historical cash flow statement
Historical cash flow statement 30 June 2023 30 June 2024 30 June 2025 In thousands of AUD (Audited) (Audited) (Audited) $’000 $’000 $’000 Operating Activities Net cash flows from property development (15,775) (61,112) (24,670) Net cash flows from share investing 26,293 (5,602) (113) Net lending 22,7
Slide 20: Pro forma financial position
Pro forma financial position Pro Forma 30 June 2025 30 June 2025 In thousands of AUD (Audited) $’000 (Audited) $’000 2 3 Adjustments 30 June 2025 Notes issue Balance Current Assets $353m total assets Cash1 1 Loans and receivables 13,036 22,383 35,419 612 36,031 ‒ Includes $13m cash putting CVC in a
Slide 21: Impact of Market Value Assessments
Impact of Market Value Assessments Group Net Assets (A$m) - $50m Offer size • In accordance with the accounting standards, development Material asset backing projects are valued at the lower of cost and net realisable value underpinning CVC Notes 3 • Accordingly, the statutory values in the accounts
Slide 22: Pro forma ranking
Pro forma ranking Pro forma 30 June 2025 Pro forma 30 June 2025 Ranking Existing CVC Debt Obligations 1 2,3 (ex. Offer) (incl. $50m Offer) Higher ranking Project related and other loans $109.2m $109.2m Secured debt Undrawn secured loan None None Unsecured loans $41.1m $41.1m Unsecured debt (ranking
Slide 23: Offer Overview
Offer Overview CVC Limited | CVC Notes 3 Investor Presentation 23
Slide 24: Offer Overview
Offer Overview Issuer • CVC Limited (ASX: CVC) • Offer of fully paid, redeemable, unsecured, unsubordinated non-convertible notes (“CVC Notes 3” or “CVCHB”) Offer • Includes a Reinvestment Offer under which Eligible CVCHA Holders can apply to reinvest some or all their CVCHA into CVC Notes 3. Furthe
Slide 25: Offer Structure and Notes Target Market
Offer Structure and Notes Target Market Reinvestment Offer • Eligible CVCHA Holders may elect to exchange their CVCHA for CVC Notes 3 on a 1:1 basis and receive the following in cash for each CVCHA exchanged for CVC Notes 3: ‒ $2.00 per CVCHA; plus Offer Structure ‒ Any outstanding and unpaid intere
Slide 26: Options for Eligible CVCHA Holders
Options for Eligible CVCHA Holders Key differences between CVCHB and CVCHA Options available to eligible CVCHA Holders Security CVC Notes 2 (CVCHA) CVC Notes 3 (CVCHB) Reinvest some or all your CVCHA in CVC Notes 3 by 1 participating in the Reinvestment Offer Gearing ratio for Permitted New 40% 50%
Slide 27: Appendix 1 – Key Risks
Appendix 1 – Key Risks CVC Limited | CVC Notes 3 Investor Presentation 27
Slide 28: Key Risks
Key Risks There are risks associated with CVC’s business and risk associated with an investment in the Notes, many of which are outside the control of CVC. The key risks outlines in this presentation are not exhaustive and are in summary form only – for a full list of risk factors please refer to Se
Slide 29: Key Risks
Key Risks There are risks associated with CVC’s business and risk associated with an investment in the Notes, many of which are outside the control of CVC. The key risks outlines in this presentation are not exhaustive and are in summary form only – for a full list of risk factors please refer to Se
Slide 30: Appendix 2 – Key Property Investments
Appendix 2 – Key Property Investments CVC Limited | CVC Notes 3 Investor Presentation 30
Slide 31: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Donnybrook Road, Donnybrook, VIC Property Details • ~76 Ha of strategically located industrial land in Melbourne’s rapidly emerging northern corridor • Development permits and infrastructure agreements in place for the development of over 150 smaller industrial land
Slide 32: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Park Road, Marsden Park, NSW Property Details • Site covers 154Ha and is located in the North West Growth Centre of Sydney • Over a decade in various planning processes • In September 2024, the Marsden Park North Precinct was declared as a State Assessed Rezoning Pr
Slide 33: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Hopkins Road, Truganina, VIC Property Details • Super prime site located in Melbourne’s Western corridor bordering completed industrial development. • Site totals 80Ha and sits on two regionally significant roadways • Part of a Precinct Structure Plan (Derrimut Fiel
Slide 34: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Lecky Road, Officer South, VIC Property Details • Industrial land which achieved rezoning in February 2025 • Designated in Stage 1 release area • Located in the South East of Melbourne, a corridor experiencing a shortage of industrial land supply • Land totals ~22Ha
Slide 35: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Boundary Road, Truganina, VIC Property Details • 34Ha of prime future industrial land located adjacent to major industrial estate and on major arterial road • Located in a Precinct Structure Plan identifying the land as State Significant Employment Land • Planning w
Slide 36: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Leakes Road, Laverton North, VIC Property Details • 37Ha of super prime zoned industrial land located in core industrial market of Melbourne • Proximate to freeway network • Surrounding uses include data centres, logistics users, storage and warehouses • Currently u
Slide 37: CVC Limited – Industrial Projects
CVC Limited – Industrial Projects Data Centre Precinct, South Morang, VIC McDonalds Road site1 • Land secured (CVC 40%) • Development approval secured • Power availability and infrastructure confirmed 2 • Power application submitted • Significant unsolicited operator and investor interest Williamson
Slide 38: CVC Limited – Mixed Use Projects
CVC Limited – Mixed Use Projects Heathcote Road, Liverpool, NSW Property Details • One of Australia’s largest urban renewal precincts which can materially contribute to housing supply in NSW • Land totals 167,000 sqm with nearly 500 meters of frontage to Georges River • Less than 300m from Liverpool
Slide 39: CVC Limited – Mixed Use Projects
CVC Limited – Mixed Use Projects Norwell Valley, QLD Property Details • Potential to be one of Australia's largest greenfield developments • The Joint Venture (CVC 60%) secured Development Management Agreement with more than 60 landowners which took more than 4 years to achieve • Covering approximat
Slide 40: CVC Limited – Mixed Use Projects
CVC Limited – Mixed Use Projects Logan Road, Woolloongabba, QLD Property Details • A prominent and large-scale site located in inner Brisbane • Woolloongabba more generally has been identified as a Priority Development Area and will benefit from Cross River Rail station which is 200m from Logan Road
Slide 41: CVC Limited – Mixed Use Projects
CVC Limited – Mixed Use Projects Lake Orr Drive, Burleigh Waters, QLD Property Details • Substantial 5.4Ha land holding in prominent part of the Gold Coast • Benefitting from over 600m of direct water frontage and direct linkages to Bond University, this site is a rare large scale development opport