Winton Land Limited · NZX:WIN
Winton Land — Shareholder Meeting (October 2024)
24 slides from Winton Land's shareholder meeting presentation, Oct 24, 2024
Slide 1: Business Update - Annual Meeting of Shareholders
1. Business Update ANNUAL MEETING OF SHAREHOLDERS 24 October 2024 FY24
Slide 2: Voting and asking questions
Voting and asking questions Voting Card Question box 2 2
Slide 3: Winton Board
Winton Board Chris Meehan Julian Cook Michaela Meehan Glen Tupuhi Chair / Chief Executive Officer Executive Director and Director of Non-executive Director Independent Director Retirement Steven Joyce Guy Fergusson James Kemp Independent Director Independent Director Non-executive Director 3 3
Slide 4: Chair and CEO Address, Resolutions, Other Business and Shareholder Questions
1. Chair and CEO Address 2. Resolutions 3. Other Business and Shareholder Questions Jimmy’s Point, Launch Bay Hobsonville Point 4
Slide 5: Chairman and CEO Address
Ayrburn, Arrowtown CHAIRMAN AND CEO ADDRESS
Slide 6: Key highlights
Key highlights A resilient year of delivery and settlements during the 12 months ending 30 June 2024 (FY24): $173.6m 345 Revenue Units delivered and settled 524 $411.7m ² Total of gross pre-sales secured $70.3m 40.5% shareholders Gross profit Gross profit margin 211 872 Retirement living units yield
Slide 7: Business Highlights
Business Highlights Strong year of delivery in a difficult market and very challenging economic conditions – 345 units settled Resource consent in place for all five current Northbrook locations¹ Strong pre-sale book continues to protect future revenues - $411.7m at 23 August 2024 Ayrburn op
Slide 8: FY24 Financial Performance
FY24 Financial Performance We have continued to deliver pre-sold properties, complete new projects, and diversify our revenue streams. Financial Performance Statement of Financial Performance FY24 FY23 NZ$m (unless indicated otherwise) Year Ended Year Ended Movement 30-Jun-24 30-Jun-23 • Despite a d
Slide 9: Unlocking land value FY24
RESIDENTIAL Unlocking land value FY24 Work behind the scenes continues to unlock land value Northlake through rezoning and consents. • The plan change related to Stage 18 has been approved. This increases the yield of this stage by 24 lots from previous assumptions, providing a total yield of 125 lo
Slide 10: Residential development FY24
RESIDENTIAL Residential development FY24 Works progressed on future stages to deliver presales. North Ridge Cessnock • Stages 1-6 are complete and all available land lots have been sold and settled. • Resource consent underway for future stages 7 onwards. Launch Bay Hobsonville • Construction of Jim
Slide 11: Northbrook progress continues at pace
RETIREMENT Northbrook progress continues at pace Northbrook Wynyard Quarter • Resource consent has been finalised, main works contract negotiations are well progressed. • Early works complete. • Due to industry-wide issues and consenting processes Northbrook changed its structural engineer to Robert
Slide 12: Commercial
COMMERCIAL Winton continues to diversify our revenue streams to support future annuity income. • The Cracker Bay brand was launched in FY24 and encompasses the drystack, marina, offices and eventually a hospitality precinct. • Offering Drystack facilities in the heart of Auckland, the Drystack build
Slide 13: Commercial - Ayrburn
COMMERCIAL The Ayrburn masterplan has been designed to uplift the value of neighbouring Northbrook Arrowtown and Winton-owned residential land. • Winton opened the first stage of Ayrburn to the public, on Saturday, 9 December 2023 with five different venues to cater to different tastes and occasions
Slide 14: ESG Highlights FY24
ESG Highlights FY24 1 Completed and disclosed first year of Climate-Related Disclosures. Completed third emissions inventory, extending the measurement to include all 2 category 4 emissions and disclosing at the same time as financial disclosures. 3 Transitioned to new Assurance practitioner for FY2
Slide 15: Market and Outlook
Market and Outlook Winton continues to operate with financial discipline to enable us to thrive through the cycle. • Property development is cyclical, and Winton’s experience gives us confidence that we are playing the cycle as best we can, and we are prepared to weather continued challenging condit
Slide 16: Resolutions
Jimmy’s Point Launch Bay, Hobsonville Point RESOLUTIONS
Slide 17: Voting and asking questions
Voting and asking questions Voting Card Question box 17 17
Slide 18: Resolution 1: Election of Guy Fergusson as Director
Resolution 1: Election of Guy Fergusson as Director Guy Fergusson was appointed by the Board on 24 November 2023, and being eligible, offers himself for election by shareholders at this Annual Meeting. Guy Fergusson is an independent director. Guy is an experienced corporate finance and capital mark
Slide 19: Resolution 2: Auditor's Remuneration
Resolution 2: Auditor’s Remuneration The current auditor of the Company, Ernst & Young, will be automatically reappointed as Winton’s auditor at the Annual Meeting in accordance with section 207T of the Companies Act 1993. Under that legislation, the auditor’s fees and expenses must be fixed at the
Slide 20: Proxy Vote Outcomes
Proxy Vote Outcomes RESOLUTION FOR AGAINST PROXY DISCRETION Election of Guy Fergusson as 241,531,111 10,241 122,041 Director (99.95%) (0.00%) (0.05%) Auditor’s Remuneration 241,538,933 6,837 117,514 (99.95%) (0.00%) (0.05%)
Slide 21: Other Business and Shareholder Questions
Jimmy’s Point, Launch Bay Hobsonville Point OTHER BUSINESS AND SHAREHOLDER QUESTIONS
Slide 22: Thank you for attending
Ayrburn, Arrowtown 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 - Best by Design
WINTON BEST BY DESIGN