Desane Group Holdings Ltd · ASX:DGH
Desane — HY17 Earnings Presentation
17 slides from Desane's earnings presentation, Feb 23, 2017
Slide 1: HY17 Results Presentation
For personal use only Aerial Photo of 68-72 Lilyfield Road, ROZELLE HY17 Results Presentation February 2017
Slide 2: HY17 Snapshot
HY17 Snapshot HY17 continues the platform set in FY16 with solid balance sheet position For personal use only and continued dividend payout to shareholders NTA per share uplift Cash & financial assets 9% to 87¢ of $17.5m Net assets increased Interim dividend of 12% to $32.4m 2.25¢ per share All figu
Slide 3: HY17 Financial Results
For personal use only Aerial Photo of Penrith area (Source ‐ Colliers) Aerial Photo of 68-72 Lilyfield Road, ROZELLE HY17 Financial Results
Slide 4: Financial Highlights
Financial Highlights For personal use only Operating Results HY17 Balance Sheet As at As at 31 Dec 2016 31 Dec 2015 EBIT $3.8m Cash and $17.5m $16.7m financial assets NPAT $2.4m Net $0.9m $0.1m cash/(debt)1 EPS 6.5¢ Net assets $32.4m $29.0m NTA per share 87¢ 80¢ 1 Net cash/(debt) includes cash and f
Slide 5: HY17 Balance Sheet Summary
HY17 Balance Sheet Summary As at As at NET ASSETS For personal use only 31 Dec 2016 31 Dec 2015 Assets Cash and financial assets $17.5m $16.7m $32.4m Development & investment $38.5m $35.1m $29.0m properties $26.0m Other assets $0.1m $1.1m HY15 HY16 HY17 TOTAL ASSETS $56.1m $52.9m Liabilities Asset S
Slide 6: Debt Management
Debt Management LVR below 45% For personal use only Summary As at As at 31 Dec 2016 31 Dec 2015 Property investment bank loans $16.6m $16.6m LVR1 43% 48% Net Cash/(Debt) $0.9m $0.1m Property investment bank loan facility of $16.6m extended to July 2019. 1 Loan covenant requires 65% LVR.
Slide 7: Dividend
Dividend For personal use only Continued interim dividend payment to shareholders HY15 HY16 HY17 Interim Dividend Interim Dividend 2.00¢ 2.25¢ 2.25¢ 2.25¢ per share Franking 100% 100% 100% Fully Franked Payable 22 March 2017
Slide 8: Developments
For personal use only Artist perspective – Rozelle Bay Masterplan, including Desane’s 68-72 Lilyfield Rd, Rozelle (Urbis Final Urban Design Report 2015) Developments Developments
Slide 9: 68-72 Lilyfield Road, Rozelle Development Update
68-72 Lilyfield Road, ROZELLE Development Update For personal use only In June 2015, Desane lodged with the NSW Department of Planning, a formal Masterplan and rezoning proposal to allow for a mixed use development comprising approximately 200 residential apartments, 2,000m2 of retail, commercial an
Slide 10: Thornton Drive, Penrith Development project
91 Thornton Drive, PENRITH Development project For personal use only Desane completed, in January 2017, the settlement for the purchase of a prime development site located in the centre of the western Sydney suburb of Penrith, for $3.9m. The 11,200m2 light industrial zoned site is located within 400
Slide 11: 47-51 Lilyfield Road, Rozelle Easton Rozelle development
47-51 Lilyfield Road, ROZELLE For personal use only Easton Rozelle development In November 2015, Desane realised its mixed use development comprising 32 residential apartments and 3 commercial suites. The one remaining commercial suite was realised in HY17 completing the Easton Rozelle development p
Slide 12: Investments
For personal use only Photo of 13 Sirius Road, LANECOVE Investments
Slide 13: Property Portfolio
Property Portfolio Growth in Property Value For personal use only Total portfolio book value increased Portfolio Summary HY17 by 10% to $38.1m from 30 June Portfolio value $38.1m 2016 Annualised rental growth 3.5% - 4.0% Lane Cove properties led the growth WACR 6.75% and are well positioned to e
Slide 14: Outlook
For personal use only Outlook
Slide 15: Outlook
Outlook Medium term outlook For personal use only • Preparation of development and subdivision plans for Penrith site • Reposition and maximise the existing three (3) Lane Cove assets, with lease renewals and capital growth set to continue • Capitalise on the anticipated continued low interest rate
Slide 16: The Desane Property Team
The Desane Property Team For personal use only Prof. John Sheehan Phil Montrone OAM Rick Montrone Chairman Managing Director Director – Head of Property John is a practising Chartered Town Phil has served as Managing Director Planner and Registered Valuer and since Desane’s incorporation and has spe
Slide 17: Disclaimer
Disclaimer For personal use only This presentation paper has been published for information purposes only. The information contained in this presentation paper is of a general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any reader