Centuria Capital Group · ASX:CNI
Centuria Capital — Investor Presentation (October 2017)
22 slides from Centuria Capital's investor presentation, Oct 4, 2017
Slide 1: $60 Million Equity Raising
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 Centuria Capital Group For personal use only $60 MILLION EQUITY RAISING Not for release or distribution in the United States
Slide 2: Important Notices
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only IMPORTANT NOTICES This presentation (Presentation) has been prepared and is issued by Centuria Capital Group (Centuria or CNI) which is a stapled vehicle comprised of Centuria Capital Limited ACN 095 454 336 (C
Slide 3: Important Notices
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only IMPORTANT NOTICES Past performance Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performan
Slide 4: Executive Summary
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Executive Summary
Slide 5: Executive Summary
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only EXECUTIVE SUMMARY — Centuria Capital Group (Centuria or CNI) is an ASX-listed specialist investment manager with $4.2 billion in funds under management Transformed CNI — CNI underwent transformative growth in 2
Slide 6: Market Update
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Market Update
Slide 7: Centuria profile
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Centuria profile ASX-listed specialist investment manager Centuria Capital Group $4.2b FUM 1 Listed Property Centuria Industrial REIT Unlisted Property Investment (CIP) Centuria Diversified Funds $998m FUM Fund
Slide 8: Transformation of CNI
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Transformation of CNI 2017 has been a transformative year for CNI and building scale was an important step for Centuria to deliver outcomes for all stakeholders Merger of Launched $72m Centuria CMA and Centuria
Slide 9: Funds Management Platform Growing Strongly
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Funds Management Platform Growing Strongly CNI has grown FUM by 24% per annum since FY14 with additional opportunities for future growth 4,187 — CNI has successfully increased FUM by organic growth and platform
Slide 10: CNI Total Return vs S&P/ASX300 A-REIT Accumulation Index
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only CNI TOTAL RETURN VS S&P/ASX300 A-REIT Accumulation index Since 1 January 2017, CNI has delivered a 40% total return1 to investors and significantly outperformed the broader ASX300 A-REIT index 150 140 39.6% 130
Slide 11: Update on Acquisition of 17.0% Combined Stake in PLG
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only UPDATE ON ACQUISITION OF 17.0% COMBINED STAKE IN PLG — On 7 September 2017, a 17.0% combined interest in PLG was acquired by CNI (9.3%) and CIP (7.7%) — Subsequently, CNI and CIP approached the PLG Board with a
Slide 12: Overview of Equity Raising
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Overview of Equity Raising
Slide 13: Key Offer Metrics
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only KEY OFFER METRICS KEY OFFER METRICS — CNI is undertaking an underwritten 1-for-4.90 accelerated non-renounceable entitlement offer to Offer raise approximately $60 million Offer Price ($) 1.28 — Offer price of
Slide 14: Additional Details of the Equity Raising
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only ADDITIONAL DETAILS OF THE EQUITY RAISING Equity Raising Details — An Entitlement Offer of approximately 47 million new Securities to raise approximately $60 million — 1-for-4.90 accelerated non-renounceable ent
Slide 15: Sources and Uses of the Proceeds
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only SOURCES AND USES OF THE PROCEEDS — Proceeds from the equity raising will be used to replenish CNI’s free cash position post the $53m acquisition of a 9.3% interest in PLG and to strengthen CNI’s balance sheet t
Slide 16: Indicative Timetable
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only INDICATIVE TIMETABLE Key event Date1 Announcement of the Entitlement Offer Wednesday, 4 October 2017 Institutional Entitlement Offer opens Wednesday, 4 October 2017 Institutional Entitlement Offer closes Wednes
Slide 17: Appendices
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Appendices
Slide 18: Appendix A: Underwriting and Director Sub-underwriting Commitments
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only APPENDIX A: UNDERWRITING AND DIRECTOR SUB-UNDERWRITING COMMITMENTS The Directors of CNI are supportive of the Entitlement Offer. Certain Directors (or entities associated with these Directors) of CNI, agreed to
Slide 19: Appendix B: Risks
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only APPENDIX B: RISKS • All investments carry risk, including loss of some or all of the capital invested and failure of investments to generate a positive return. You should carefully consider whether an investmen
Slide 20: Risks: Liquidity, Realisation and Regulatory
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Liquidity and realisation risk • The ongoing value of properties held by funds managed by Centuria may fluctuate due to a number of factors including rental levels, occupancy assumptions, vacancy periods, renta
Slide 21: Risks: Funding
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only Funding • Centuria and funds managed by the Centuria Funds Management business relies on access to various sources of capital, along with the refinancing and/or variation of existing debt facilities. An inabili
Slide 22: Appendix C: International Offer Restrictions
CENTURIA CAPITAL GROUP | EQUITY RAISING | ASX: CNI | 4 October 2017 For personal use only APPENDIX C: INTERNATIONAL OFFER RESTRICTIONS This document does not constitute an offer of Securities in any jurisdiction in which it would be unlawful. In particular, this document may not be distributed to an
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