Winton Land Limited · NZX:WIN
Winton Land — Shareholder Meeting (October 2022)
24 slides from Winton Land's shareholder meeting presentation, Oct 26, 2022
Slide 1: Winton FY22 Annual Meeting of Shareholders Presentation
WINTON FY22 ANNUAL MEETING OF SHAREHOLDERS PRESENTATION 26 OCTOBER 2022
Slide 2: Voting and asking questions
Voting and asking questions Voting Card Question box 2
Slide 3: The Board
The Board Chris Meehan Julian Cook Anna Molloy Glen Tupuhi Chair / Chief Executive Officer Executive Director and Independent Director Independent Director Director of Retirement Michaela Meehan David Liptak James Kemp Jelte Bakker Non-Executive Director Non-Executive Director Non-Independent Direct
Slide 4: Agenda
AGENDA 1. Chairman and CEO Presentation 2. Shareholder Discussion 3. Ordinary Resolutions 4. General Q&A 4
Slide 5: 1. Chairman and CEO Presentation
1. CHAIRMAN AND CEO PRESENTATION
Slide 6: FY22 Highlights
FY22 Highlights Successfully raised $350 million in IPO and listed on the NZX and ASX. Agreement with MaxCap to establish a $200m Medium Density Development Fund agreed August 2022. Continued to grow pre-sale book, outpacing realised sales by gross c.$11m. Execution onsite has continued at p
Slide 7: FY22 Financial Performance
FY22 Financial Performance Headline numbers are consistent with forecasted delivery of projects with improved gross profit margin. FY22 FY22 PFI Year Ended Year Ended NZ$m (unless indicated otherwise) 30 Jun 2022 30 Jun 2022 Movement Revenue 159.5 158.0 +1.0% Number of settled units (#) 449 428 +4.9
Slide 8: Winton / MaxCap NZ Fund
Winton / MaxCap NZ Fund Winton partners with leading New Zealand real estate investment manager. Winton / MaxCap Fund • Winton recently announced the establishment of the Winton / MaxCap Medium Density Development Fund. • $200m equity investment vehicle that will focus on the acquisition and constru
Slide 9: Launched Proposal for Sustainable Community Sunfield
Launched Proposal for Sustainable Community Sunfield A forward-thinking and innovative ’15-minute community’ powered by the sun and 90% less cars. Sunfield Winton lodged the Sunfield Specified Development Project Application with Kāinga Ora in October 2021 under the Urban Development Act 2020 legisl
Slide 10: Progressed Luxury Retirement Living Vision, Northbrook
Progressed Luxury Retirement Living Vision, Northbrook Leveraging our existing expertise and capability in residential land acquisition and development to build and operate luxury later living retirement villages. Northbrook • Assembling an experienced team, led by ex-Summerset CEO Julian Cook. • Ap
Slide 11: People and Planet
People and Planet As one of New Zealand’s largest developers, we must do right by our people, customers, neighbourhoods, partners, planet and investors. Doing so adds value to our business and ensures what we do is sustainable long- term. PEOPLE PLANET Our residents Our climate resiliency Our people
Slide 12: Focused on Key Deliverables Onsite in FY23
Focused on Key Deliverables Onsite in FY23 FY23 will be a record year for Winton with 766 units forecast for delivery. Neighbourhood Units to Settle FY23 Lakeside 264 Beaches 195 Northlake 129 North Ridge 122 Launch Bay 50 River Terrace 6 Total 766 FY 23F Revenue Pre-Sold Total FY23F Revenue by Prod
Slide 13: Reaffirming Guidance
Reaffirming Guidance Winton continues to operate with confidence, reaffirming forecasts in the Product Disclosure Statement (PDS) issued on 1 December 2021. • Reaffirm FY23 revenue guidance of $344.7 million revenue inline with PDS issued on 1 December 2021. • Pro forma EBITDA FY23 guidance remains
Slide 14: Market and Outlook
Market and Outlook In Winton’s established market-leading position, with a history of successful developments and extensive development pipeline, Winton will continue to execute its growth strategy, outperforming competitors and taking market share. • The double-digit year-on-year growth experienced
Slide 15: 3. Shareholder Discussion
3. SHAREHOLDER DISCUSSION
Slide 16: 4. Ordinary Resolutions
4. ORDINARY RESOLUTIONS
Slide 17: Voting and asking questions
Voting and asking questions Voting Card Question box 17
Slide 18: Resolution 1: Auditor's Appointment and Remuneration
Resolution 1: Auditor’s Appointment and Remuneration That Ernst & Young be appointed as the auditor of the Company and that the Board be authorised to fix the fees and expenses of Ernst & Young as the auditor of the Company for the ensuing year. NORTHLAKE, WANAKA 18
Slide 19: Resolution 2: Election of James Kemp as Director
Resolution 2: Election of James Kemp as Director James has been appointed to the Board of Winton in his capacity as a representative of TC Akarua 2 Pty Limited (as trustee of the TC Akarua Sub Trust), being a substantial shareholder in Winton. James is a Senior Managing Director in Macquarie Asset M
Slide 20: Resolution 3: Election of Jelte Bakker as Director
Resolution 3: Election of Jelte Bakker as Director Jelte has been appointed as an alternate director for James Kemp. Jelte is a Senior Managing Director in Macquarie Asset Management and is Global head of Opportunistic Real Estate. Jelte has over 20 years of experience in real estate private equity
Slide 21: General Business
STRICTLY PRIVATE AND CONFIDENTIAL GENERAL BUSINESS
Slide 22: Thank you for attending
THANK YOU FOR ATTENDING
Slide 23: Important Notice and Disclaimer
DISCLAIMER Important Notice and Disclaimer This disclaimer applies to this document and the accompanying material (“Document”) or any information contained in it. The information included in this Document should be read in conjunction with the audited consolidated financial statements for the year e
Slide 24: Winton
WINTON BEST BY DESIGN