Slide 1: HY16 Results
For personal use only HY 16 Results For the Half Year Ended 31 December 2015 24 February 2016 1
Slide 2: Disclaimer
Disclaimer For personal use only The material in this presentation has been prepared by PBD Developments Limited ACN 009 134 114 (PBD) and is general background information about PBD’s activities current as at the date of this presentation. This information is given in summary form and does not purp
Slide 3: Contents
Contents For personal use only 1. HY16 Overview 2. Financial Results 3. Project Summary 4. Project Updates The Milton 3
Slide 4: HY16 Overview
HY16 Overview For personal use only HY16 statutory profit of $5.6 million (underlying profit of $7.1 million) reflects realisation of a number of investments and ongoing focus on operating expenses Undertook a $21.65 million capital raise in September 2015 Financial Fully repaid all financing
Slide 5: Financial Results: Profit and Loss
Financial Results: Profit and Loss For personal use only HY16 HY15 Summarised Profit and Loss Change HY16 Commentary ($M) ($M) Underlying Profit / (Loss) after Tax 7.1 (5.2) N.C. Realisation of investments Legacy asset impairment - (3.9) - Financing cost (1.0) (0.5) 120% Hedging and foreign exchange
Slide 6: Financial Results: Balance Sheet
Financial Results: Balance Sheet For personal use only HY16 FY15 Summarised Balance Sheet HY16 Commentary ($M) ($M) Assets East coast projects 65.3 101.5 Settlements at Bridgeview, The Milton and SeaSpray WA projects 55.1 57.3 Sale of Oceanique apartments Other assets 32.4 11.0 Cash and other trade
Slide 7: Project Summary: Project Portfolio
Project Summary: Project Portfolio For personal use only PBD’s Gross ($’M) interest Carrying Residential Retail & Project Construction Project Nature of value as at 31 ($M) Commercial ($M) finance Progress Key variables completion (Partner) interest December ($’M) expectation 2015 Pre-sold Pre-sold
Slide 8: Project Updates
For personal use only Project Updates 8
Slide 9: The Milton
295 apartments (94% sold / 88% settled) 2,270 sqm retail & commercial The Milton Estimated end value: $219.6 million PBD interest: 50% Status: Construction completed For personal use only Project end: Mid 2016 9
Slide 10: Burwood Square
210 apartments (99% sold / 25% settled) 7,455 sqm retail & commercial Burwood Square Estimated end value: $211.4 million PBD interest: 48% Status: Substantially complete For personal use only Project end: Mid 2016 10
Slide 11: Bridgeview
23 townhouses (100% sold / 91% settled) Estimated end value: $35.5 million Bridgeview PBD interest: 50% Status: Construction completed Project end: February 2016 For personal use only 11
Slide 12: SeaSpray
247 lot residential subdivision (85% sold / 63% settled) Estimated end value: $58.1 million SeaSpray PBD interest: 100% Status: Stages 1-6 complete / Stages 7-8 under construction For personal use only Project end: Mid 2016 12
Slide 13: Point Grey
3,080 lots Estimated end value: $1.3+ billion Point Grey PBD interest: 100% Size: 275 hectares Status: Approved subdivision and marina For personal use only 13
Slide 14: Oceanique
66 luxury apartments (94% sold / 94% settled) Completed in July 2010 Oceanique Available apartments: 4 PBD interest: 100% For personal use only 14