Slide 1: Annual Results Presentation
ASX:CVC Annual Results Presentation FINANCIAL YEAR ENDED 30 JUNE 2023 29 AUGUST | 2023
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE FINANCIAL AMOUNTS This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation (CVC). unless stated otherwise.
Slide 3: CVC Limited
CVC Limited 1 July 2022 – 30 June 2023 CVC Limited is an ASX listed investment company with a strong focus on deploying capital into real estate opportunities Our approach to Our investment We seek to protect building investment portfolio provides capital while partnerships has shareholders access t
Slide 4: CVC Results Summary
CVC Results Summary 1 July 2022 – 30 June 2023
Slide 5: CVC Limited – FY 2023 Results
CVC LIMITED – FY 2023 RESULTS 1 July 2022 – 30 June 2023 • Net profit after tax of $13.9m (2022: $12.9m) • Net profit after tax attributable to shareholders $13.4m (2022: $6.1m) • Total fully franked dividends paid relating to the period of 9 cents per share (including final dividend paid on 18 Augu
Slide 6: Overview of CVC Portfolio – 30 June 2023
OVERVIEW OF CVC PORTFOLIO – 30 JUNE 2023 Direct Property • Relates to direct exposure, including in ordinary equity, preference equity, joint ventures and options to acquire an interest in direct property subject to planning outcome 72% • Significant uplift has been observed in portfolio via indepen
Slide 7: Significant Outcomes
CVC – SIGNIFICANT OUTCOMES 1 July 2022 – 30 June 2023 Status of Business Segment Investment Allocation 2023 Adjusted 2023 Statutory 2022 Statutory • Capital Management % % % – Over $228m in capital raised, refinanced or repaid from investments Property Investment 38.4 67.1 77.9 during the period Unr
Slide 8: CVC Segment Reporting
CVC Segment Reporting 1 July 2022 – 30 June 2023
Slide 9: Property Investments – Direct Property Investments
CVC – PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Direct Property Investments STATUTORY IMPACT OF KEY INVESTMENT POSITIONS EQUITY VALUE VALUATION (JUN -23)^ ASSESSMENT* Investment Thematic Heathcote Road, Liverpool, NSW (66%) – Option Agreement $46.2m • Understand downside risk and seek capital
Slide 10: Selected Investments – Direct Property Investments
CVC – PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Selected Investments – Direct Property Investments Heathcote Road, Liverpool, NSW • Option to acquire 16.7Ha site in Liverpool, NSW, entered into in 2016 (CVC ownership 66.7%) • Site currently zoned industrial, rezoning application submitted for
Slide 11: Selected Investments – Direct Property Investments
CVC – PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Selected Investments – Direct Property Investments Lake Orr Drive, Burleigh Waters, QLD • Contracted to purchase 5.4Ha of development land in Gold Coast for $45m (CVC 50% in partnership with private developer) in March 2022 • Settlement of proper
Slide 12: Selected Investments – Direct Property Investments
CVC – PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Selected Investments – Direct Property Investments Pumicestone Road, Caboolture, QLD • Purchased 15Ha site in 2015 for $5.35m (60% CVC) • Completed Ampol anchored travel centre and McDonalds store • Bunnings Warehouse, Coles and Chemist Warehouse
Slide 13: Property Backed Lending Investments
CVC – PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Property Backed Lending Investments DEBT TYPE TYPICAL LVR RANGES Senior 0-65% Investment Thematic • Registered mortgages over real estate assets with guarantees from Borrowers have been a Stretch Senior 0-70% strong performing segment for CVC Mez
Slide 14: Non-Property Investments
CVC – NON-PROPERTY INVESTMENTS 1 July 2022 – 30 June 2023 Investment Thematic STATUTORY • Focus on small number of concentrated investments NON PROPERTY INVESTMENT / POSITIONS EQUITY VALUE (Jun -23) • Recognition that this segment will remain a smaller part of business operations than it has in the
Slide 15: CVC Outlook
CVC Outlook 1 July 2022 – 30 June 2023
Slide 16: Outlook – Objectives
OUTLOOK – OBJECTIVES 1 July 2022 – 30 June 2023 Objectives Direct Property Investment CVC has an enviable array • Maximise value from Donnybrook industrial land. This may include a divestment or the progression of the of investments in property development • Advance planning of Liverpool project wit
Slide 17: FY 2024 Outlook
CVC – FY 2024 Outlook Forecast Performance • The composition of the investment portfolio of CVC does not allow meaningful performance forecasting • Portfolio of major direct property investments have potential to add material value as advancements are made through planning processes and potential di
Slide 18: Contact Details
Contact Details Suite 40.04 Level 40 Governor Phillip Tower 1 Farrer Place Sydney NSW 2000 P (02) 9087 8000 W www.cvc.com.au