Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (November 2015)
29 slides from Desane's shareholder meeting presentation, Nov 4, 2015
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 4 November 2015
Slide 2: Chairman's Address
For personal use only Chairman’ss Address Chairman Professor John Sheehan
Slide 3: Ordinary Business & Voting
For personal use only Ordinary Business & Voting
Slide 4: Resolution: Adoption of Financial Statements
For personal use only Resolution 1 Adoption of Financial Statements To receive and adopt the audited financial statements of Desane Group Holdings Limited (“Desane”) for the year ended 30 June 2015 and the Directors’ and Auditor’s report thereon.
Slide 5: Resolution: Approval of Remuneration Report
For personal use only Resolution 2 Approval of Remuneration Report Proxies Received Under the Corporations Act 2001, ASX listed companies are required to % Proxies meet disclosure requirements in respect of Director and executive Number Received remuneration and to include a Remuneration Report in t
Slide 6: Resolution: Re-election of Prof. John Sheehan
For personal use only Resolution 3 Re-election of Prof. John Sheehan Proxies Received As stated in the Notice of Meeting, one % Proxies director (other than the Managing Director) Number Received must retire at the Annual General Meeting and is eligible for re-election. re election. For 18 872 764 1
Slide 7: Resolution: Election of Mr Rick Montrone
For personal use only Resolution 4 Election of Mr Rick Montrone Proxies Received As stated in the Notice of Meeting, Rick % Proxies offers himself for election to the Board of Number Received Desane, in accordance with the Company’s Company s Memorandum and Articles. For 6 573 834 6,573,834 72 99% 7
Slide 8: Resolution: Declaration of a Dividend
For personal use only Resolution 5 Declaration of a Dividend Proxies Received As stated in the Notice of Meeting, the Directors have % Proxies recommended a final dividend of 2 cents per share, fully franked, Number Received to be paid on 26 November 2015, to shareholders registered at 5.00 pm on 12
Slide 9: Remuneration of Non-Executive Chairman & Non-Executive Director
For personal use only Resolutions 6 & 7 Remuneration of Non-Executive Chairman & Non-Executive Director As stated in the Notice of Meeting, the remuneration Proxies Received of Directors shall not be increased without the prior approval of the Company in an Annual General Resolution 6 % Proxies Reso
Slide 10: Maximum Aggregate Annual Remuneration for all Non-Executive Directors
For personal use only Resolution 8 Maximum Aggregate (Total) Annual Remuneration for all Non-Executive Directors As stated in the Notice of Meeting, under The amount specified will provide Proxies Received the existing Company’s Memorandum and headroom and flexibility to increase Articles, there i
Slide 11: Resolution: Adoption of Constitution
For personal use only Resolution 9 Adoption of Constitution Proxies Received As stated in the Notice of Meeting, the Company’s 1986 Constitution % Proxies must evolve in line with the current regulatory environment in which it Number Received operates. For 18 877 625 18,877,625 88 04% 88.04% Since t
Slide 12: Presentation & Company Highlights
For personal use only Presentation & Company Highlights Phil Montrone OAM Managing Director
Slide 13: FY15 Year in Review
For personal use only FY15 Year in Review Total revenue up 44% to Total assets up 17% to $ $6.2 million $61 0 million $61.0 illi EBIT increased to Net cash flow of $4.7 million $4.7 million NPAT doubled to Interest cover ratio2 at $2.5 million 6.0 times EPS1 increased to Gearing2 at 49%, 49% with sh
Slide 14: FY15 Special Dividend + DRP Summary
For personal use only FY15 Special Dividend + DRP Summary ASX Code DGH 15c special dividend Market Cap 8.2% to $26.5m announced Shares on Issue 6.0m to 36.2m DRP VWAP $0 81 $0.81 DRP Issue price $0.75 DRP ISSUE PRICE DISCOUNTED 8.0% TO VWAP increase in Increase in shareholder numbers trading volum
Slide 15: Capital Management Update
For personal use only Capital Management Update • Significant funds retained after the special dividend WORKING CAPITAL • $14.0m-$15.0m cash available for investment from Easton Rozelle CAPEX • Low CAPEX for all investment properties DEBT • Gearing target in the 30% - 40% range DIVIDEND • Scope to p
Slide 16: Property Portfolio Update
For personal use only Property Portfolio Update
Slide 17: Quality Property Investment Portfolio
For personal use only Quality Property Investment Portfolio 4 investment properties with a targeted approach towards health & medical related tenants Pre-tax yield1 of 10% WALE 3.0 years Occupancy 100% While the existing investment properties are solid, additional scale would “boost returns”
Slide 18: Sirius Road, Lane Cove
For personal use only 7 Sirius Road, Lane Cove WALE 5.4 years Occupancy 100% 8.1% revaluation uplift Year on year NOI up 4% Low CAPEX & OPEX FY16
Slide 19: Sirius Road, Lane Cove
For personal use only 13 Sirius Road, Lane Cove WALE 4.0 years Occupancy 100% 12.2% revaluation uplift Year on year NOI up 5% Low CAPEX & OPEX FY16
Slide 20: 7-9 Orion Road, Lane Cove
For personal use only 7-9 Orion Road, Lane Cove WALE 4.0 years Occupancy 100% Year on year NOI up 7% Low CAPEX & OPEX FY16
Slide 21: 68-72 Lilyfield Road, Rozelle
For personal use only 68-72 Lilyfield Road, Rozelle Lease renegotiations commenced with major tenant 12.7% revaluation uplift Year on year NOI up 4% Low CAPEX & OPEX FY16
Slide 22: Development Properties
For personal use only Development Properties
Slide 23: Easton Rozelle contracts exchanged
For personal use only Contracts exchanged for 100% of the residential apartments at Easton Rozelle The realisation of this project will generate significant returns and further support Desane’s increasing profile as an “add value” property developer
Slide 24: Transformation Plan for The Bays Precinct
For personal use only Transformation Plan for The Bays Precinct 1 2 B ild on the Build th unique i U l k public Unlock bli history of The Bays access to the Precinct Harbour’s edge and waterways along the entire coastline 3 4 Prioritise major Generate optimal projects and define housing supply th st
Slide 25: Concept Planning Rozelle
For personal use only The site at 68-72 Lilyfield Road Rozelle, is part of Urban Concept Planning Rozelle Growth’s Baysy Precinct Urban Renewal Concept p Plan The Plan identifies “mixed use residential village” as a Desane’s planning proposal seeks to rezone the site for suitable use for the sub-pre
Slide 26: Outlook & Guidance
For personal use only Desane forecasts strong results in FY16, on the back of operational Outlook & Guidance growth and development realisation Key objectives: Reduction of Group debt to 40% FY17 Acquire 10,000m2 of industrial property in FY16 Rezoning of Rozelle property Sydney to ‘mixed mixed
Slide 27: Questions
For personal use only Q ti Questions
Slide 28: Disclaimer
For personal use only DISCLAIMER 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
Slide 29: Annual General Meeting
For personal use only Annual General Meeting 4 November 2015
Desane Group Holdings — Shareholder Meeting (November 2015) on 6ix