Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — RBS Morgans Breakfast Presentation (April 2013)
31 slides from Cedar Woods Properties's conference presentation, Apr 10, 2013
Slide 1: RBS Morgans Breakfast Presentation 10th April 2013
For personal use only RBS MORGANS BREAKFAST PRESENTATION 10TH APRIL 2013
Slide 2: Presentation Outline
Presentation Outline For personal use only ► Cedar Woods’ overview ► Residential market conditions ► Housing trends and issues 2
Slide 3: Cedar Woods' history
Cedar Woods’ history For personal use only ► Listed on ASX in 1994 ► Presence in Perth, Pilbara & Melbourne ► Proven track record of consistent earnings growth and meeting targets ► Strategically located and diverse residential portfolio: – Urban and regional growth areas in VIC and WA – Apartments,
Slide 4: Cedar Woods' strategy
Cedar Woods’ strategy For personal use only Property Development Portfolio Diversity Expertise Strategically located and diverse Core competency: industry- residential portfolio in urban and leading design, delivery and regional growth areas in VIC marketing of development and WA, offering a spectru
Slide 5: Share price performance
Share price performance For personal use only $6.00 1 Dividend payment: 11c 4 $5.00 Solid share price $30m 2 equity raising performance 3 1 2 Dividend 3 payment: 14c throughout 2012 $4.00 +34% 4 Pre-half year update $3.00 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 C2012 Total Shareholder Retur
Slide 6: Track record of growth and balance sheet strength
Track record of growth and balance sheet strength For personal use only 1 Gearing defined as net bank debt / book equity 6
Slide 7: Strong property portfolio and mature land bank
Strong property portfolio and mature land bank For personal use only 7
Slide 8: WA projects
WA projects For personal use only Existing projects New projects Carine Upcoming TAFE project(s) Site New Byford Acquisitions Brabham 8
Slide 9: Brabham and Byford
Brabham and Byford For personal use only • 40ha, 22km from CBD • 32ha, 40km from CBD • 350 lots • 350 lots 9
Slide 10: Victorian projects
Victorian projects For personal use only Existing projects New project Upcoming project – St Albans 10
Slide 11: Company outlook
Company outlook For personal use only ► Cedar Woods maintains a positive outlook, bolstered by continued demand for the company’s projects strategically located in WA and VIC’s growth regions ► $150m pre-sales currently in place compared to $140m last year, with a majority to settle in FY14 ► On cur
Slide 12: Residential Market Conditions
Residential Market For personal use only Conditions
Slide 13: Residential market drivers
Residential market drivers For personal use only Key long term driver is population growth but superimposed on this are short term influences: ► Housing supply ► Consumer confidence ► Employment ► Availability of finance ► Incentives ► Affordability (prices, interest rates) ► Rental alternatives 13
Slide 14: Population growth and labour market
Population growth and labour market For personal use only ► WA driven by resources sector ► Victoria captures large share Strong population of immigration growth ► Population growth set to continue ► Wages growth in WA 4.3%, in Victoria 3.5% Labour market conditions remain ► National unemployment of
Slide 15: REIWA listing/vacancies
REIWA listing/vacancies For personal use only 15
Slide 16: REIWA listing/vacancies
REIWA listing/vacancies For personal use only 16
Slide 17: Residential land sales & median lot value
Residential land sales & median lot value For personal use only ► Perth market strengthened during calendar 2012 ► Melbourne market steady after strong conditions in 2009-2011 17
Slide 18: House prices
House prices For personal use only PERTH ► Perth prices firming WA house price after two years of increases among modest decline the strongest in the country ► Housing finance continues to improve MELBOURNE ► New dwelling Victorian market approvals improving stabilising, but marginally demand remain
Slide 19: Market outlook
Market outlook For personal use only ► Housing undersupply to drive new building ► Interest rates remaining on hold will see affordability maintained and increased investor activity ► Activity to remain strong through 2013 ► Cycling from first home buyers to upgraders showing up in median prices ► M
Slide 20: Housing Trends and Issues
Housing Trends and For personal use only Issues
Slide 21: Housing trends and issues
Housing trends and issues For personal use only ► Accommodating Perth’s growth ► Affordability ► Appropriate Housing ► Sustainability 21
Slide 22: Accommodating Perth's growth
Accommodating Perth’s growth For personal use only ► Planning and Local Government reform ► Land supply ► Facilitating infill development ► Infrastructure delivery including transport ► Taxes and charges and community expectations 22
Slide 23: Affordability initiatives
Affordability initiatives For personal use only ► Lot and product mix ► Y Rent program (targeting lower income first home buyers) ► National Rental Affordability Scheme (NRAS) ► Dept of Housing JV (Harrisdale)– social housing & Housing Affordability Fund ► Affordable housing initiatives at Landcorp
Slide 24: Affordable/sustainable housing
Affordable/sustainable housing For personal use only 24
Slide 25: Appropriate housing
Appropriate housing For personal use only Growing need to accommodate changing home occupancies ► affordability pressures ► growth in 1 & 2 person households ► children staying home longer ► ageing population 25
Slide 26: Sustainability
Sustainability For personal use only ► HIA GreenSmart – introduced 2001(WA) - Primary focus on dwelling performance but with attention to housing estate initiatives ► EnviroDevelopment – introduced 2009 (WA) - Reduced energy / water consumption - Protection & enhancement of ecosystems - Vibrant comm
Slide 27: Affordable/sustainable housing
Affordable/sustainable housing For personal use only 27
Slide 28: Cedar Woods' Sustainability Report
Cedar Woods’ Sustainability Report For personal use only Cedar Woods’ activities ► Design Excellence ► Environment ► Building Community ► Economic Development ► Governance 28
Slide 29: Questions
For personal use only QUESTIONS
Slide 30: Disclaimer
Disclaimer For personal use only Disclaimer of liability While every effort is made to provide complete and accurate information, Cedar Woods Properties Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended u
Slide 31: Award Winning Developer
For personal use only Award Winning Developer
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