Cvc Limited · ASX:CVC
Cvc — Shareholder Meeting (November 2019)
15 slides from Cvc's shareholder meeting presentation, Nov 25, 2019
Slide 1: AGM Presentation: Building Long Term Shareholder Value
For personal use only AGM Presentation 25 November 2019 Building Long Term Shareholder Value CVC Limited | Annual General Meeting Presentation 25 November 2019 | 1
Slide 2: Disclaimer
Disclaimer For personal use only Important Notice Financial amounts This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 (CVC). All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation un
Slide 3: CVC Results Summary
CVC Results Summary 1 JULY 2018 – 30 JUNE 2019 For personal use only • NPAT profit of $1.0m (2018: profit $27.1 million); NPAT loss attributable to 2019 2018 shareholders of $2.1 million (2018: profit $22.7 million) Segment Contribution $’millions $’millions • Completion of the development of the Bu
Slide 4: Business Review
Business Review For personal use only Review Determine Position Monitor Develop Strategy / Progress Execution Pathway Implementation CVC Limited | Annual General Meeting Presentation 25 November 2019 | 4
Slide 5: Simplification of Business Model
Simplification of Business Model For personal use only Previous model Simplified model • Diversified investment company with ✓ Reduce number of strategies and do many different strategies them well • Focus on preserving diversification across ✓ No absolute requirement to have a a number of investmen
Slide 6: Simplification Pathway
Simplification Pathway For personal use only Goal Progress Next Steps Investment • Rationalised investment portfolio • Strategic review undertaken to • Continue to simplify portfolio identify non-core elements of Strategy • High conviction positions with ability • Update market on rebalanced busines
Slide 7: Direct Property Investments
About CVC – Direct Property Investments 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $31.1m2 $16.4m 55%1 Invested at 30 June 2019 Profit Return No. of Investments 15 2020 Objectives Advancement of major planning projects: • Continue progression of key investments through planning and
Slide 8: Property Backed Lending
About CVC – Property Backed Lending 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $41.3m $5.8m 16%1 Invested at 30 June 2019 Profit Return No. of Investments 14 2020 Objectives • Increase investment position in secured mortgage loans, across both senior and mezzanine opportunities on
Slide 9: Funds Management
About CVC – Funds Management 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $32.4m $1.5m 5%1 Invested at 30 June 2019 Profit Return No. of Investments 6 2020 Objectives • Continuing investment into property funds management opportunities where • Continued successful management of Eildo
Slide 10: Alternative Assets/Debt
About CVC – Alternative Assets/Debt 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $9.9m $0.3m 3%1 Invested at 30 June 2019 Profit Return No. of Investments 13 2020 Objectives • Increase investment through fund managers, with established networks and robust credit policies, such as Big
Slide 11: Listed Investments
About CVC – Listed Investments 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $59.8m ($5.7m) (8.0%1) Invested 43 No. of at 30 June 2019 Profit Return Investments CVC’s current investment portfolio as at 21 November 2019 2020 Objectives is as follows: • The objective is to rebalance the
Slide 12: Private Equity Investments
About CVC – Private Equity Investments 1 JULY 2018 – 30 JUNE 2019 For personal use only 2019 Return $11.1m ($1.7m) (11%1 ) Invested at 30 June 2019 Profit Return No. of Investments 38 2020 Objectives Investment Summary • Rebalance the portfolio to more concentrated holdings in high conviction • Inve
Slide 13: Year to Date July 2019 – June 2020
Year to Date 1 JULY 2019 – 30 JUNE 2020 For personal use only Following year end, CVC has commenced the implementation of the revised strategy Segment Investment Allocation 2020 2019 which has seen: Cash 20.1% 23.6% • Divestment of $33m of listed equities realising profits of approximately $3m from
Slide 14: CVC Outlook
CVC Outlook 1 JULY 2019 – 30 JUNE 2020 For personal use only • Implementation of the simplified strategy is continuing with a transition from less concentrated positions to high conviction exposures leveraging off CVC core capabilities; • Remaining active in property backed lending at this stage of
Slide 15: CVC Limited Proxy Results
CVC Limited Proxy Results 1 JULY 2018 – 30 JUNE 2019 For personal use only Agenda Items Item 2 – Adoption of Remuneration Report For Against Abstain Discretion Excluded Total 1,101,451 38,689 528,956 13,262,885 - 14,931,981 Item 3 – Election of Mr Ian Campbell For Against Abstain Discretion Excluded