Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (November 2018)
19 slides from Desane's shareholder meeting presentation, Nov 1, 2018
Slide 1: Annual General Meeting 2018
annual general meeting 2018 2 N O V E M B E R
Slide 2: Agenda
agenda Chairm a n ’s a d d r ess Formal p r o c e e d i n g s CEO & M a n a g i n g Di r e c t o r ’s a ddr e ss Questi on s D E S A N E G R O U P H O L D I N G S LT D 2
Slide 3: Chairman's Address
CHAIRMAN’S ADDRESS Professor John Sheehan AM, Chairman D E S A N E G R O U P H O L D I N G S LT D 3
Slide 4: Formal Proceedings
FORMAL PROCEEDINGS D E S A N E G R O U P H O L D I N G S LT D 4
Slide 5: Summary of proxies and resolutions
summary Total number of ASX-listed Desane Group Holdings Limited shares is 40,909,990 DESANE GROUP HOLDINGS LIMITED Proxies Resolutions FOR OPEN AGAINST ABSTAIN Item 1: Consideration of Financial Statement and Reports N/A N/A N/A N/A Item 2: Adoption of Renumeration Report 12,781,036 6,545,320 27,14
Slide 6: CEO & Managing Director's Address
CEO & MANAGING DIRECTOR’S ADDRESS Phil Montrone OAM, CEO & Managing Director D E S A N E G R O U P H O L D I N G S LT D 6
Slide 7: Balance Sheet
balance sheet Post Completion of Lilyfield Road, Rozelle Asset Sale: CGT rollover $52.0 m 1 concession cash $5.9 m of available debt 1 Desane has a 70% interest in the Rozelle joint venture D E S A N E G R O U P H O L D I N G S LT D 7
Slide 8: Capital Management
CAPITAL MANAGEMENT Following 1:10 Rights Issue in August 2018: Fully underwritten Strong shareholder Scope for similar by support in future Taylor Collison (93% take-up) Limited D E S A N E G R O U P H O L D I N G S LT D 8
Slide 9: Dividend $14.7m 4.5cps
DIVIDEND FY18 FY17 FY16 Interim Dividend 2.25c 2.25c 2.25c $14.7m Fully franked dividends paid to shareholders since FY15 Special Dividend - 10.00c - Final Dividend 2.25c 2.25c 2.25c 4.5cps Full year FY18 dividend 1 + Total Dividend 4.50c 14.50c 4.50c Scope for continued dividends 1 Franking 100% 10
Slide 10: Operations
OPERATIONS Rick Montrone Head of Property D E S A N E G R O U P H O L D I N G S LT D 10
Slide 11: 68-72 Lilyfield Road Rozelle
68-72 LILYFIELD ROAD ROZELLE Sale to RMS for $78.0m plus GST represents fair market value Settlement 5th November 2018 Reciprocal releases from present and future claims related to Supreme Court and NSW Court of Appeal proceedings First right to re-purchase the Property “at market” if offered by RMS
Slide 12: 159 Allen Street Leichhardt
159 ALLEN STREET LEICHHARDT Exchanged in April 2018 for $21.0m De-risked through extended settlement terms (October 2019) Zoned R1 General Residential under 2015 Allen Street Leichhardt Master Plan DA lodged with Council in October 2018 Strategically located within proximity of Sydney CBD D E S A N
Slide 13: 91 Thornton Drive Penrith
91 THORNTON DRIVE PENRITH Planning Context: Metropolis of Three Cities, new Western Sydney Airport, Nepean Hospital upgrade Initial discussions with Council positive Concept vision includes 250+ apartments plus small retail Ongoing correspondence with Infrastructure NSW and DPE relating to Hawkesbur
Slide 14: 7 & 13 Sirius Road Lane Cove
7 & 13 SIRIUS ROAD LANE COVe 2 x mature industrial / commercial assets comprising approximately 5,000m2 + NLA Lane Cove a secondary market but tightening Yield compression and strong rental has increased the valuation of the properties by over 300% since acquisition D E S A N E G R O U P H O L D I N
Slide 15: Property Clock
PROPERTY CLOCK Sydney Industrial Peak of Property values across all classes of assets in Sydney market Sydney Sydney are close to peak or starting to decline Commercial Approaching Residential Starting to peak decline of market Still good returns to be made – if you get the timing right Land constra
Slide 16: What Next?
WHAT NEXT? “It’s pointless parking money under the mattress and waiting. Look for the best returns from the available investment choices” Frank Gelber- The Australian, 4th October 2018 Now more than ever, Desane will focus on its strengths: MELBOURNE/ BRISBANE/ Long-term COMMERCIAL / RETAIL INDUSTRI
Slide 17: Review & Guidance
Completion of capital raising REVIEW & GUIDANCE Purchase of Allen Street Sale of Lilyfield Road Rozelle to RMS End of legal headwinds Thornton Penrith planning in progress Positive inflows to FY19 cash, earnings and balance sheet Focus for FY19: - earnings growth - capital management - shareholders
Slide 18: Questions
QUESTIONS D E S A N E G R O U P H O L D I N G S LT D 18
Slide 19: Disclaimer
disclaimer This presentation paper has been published for information only. The information contained in this presentation paper is of general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any readers financial position or needs. As
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