Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Corporate Update (July 2016)
38 slides from Cedar Woods Properties's corporate update, Jul 11, 2016
Slide 1: Queensland Projects Tour
Cedar Woods Properties Limited For personal use only Queensland Projects Tour
Slide 2: Cedar Woods' Charter
Cedar Woods Presentation | 2 Cedar Woods’ Charter For personal use only Cedar Woods’ Purpose “to create long term value for our shareholders through the disciplined acquisition, development and marketing of properties that meet the needs of our customers.” Cedar Woods’ Objective “to manage our portf
Slide 3: Cedar Woods' Strategy
Cedar Woods Presentation | 3 Cedar Woods’ Strategy For personal use only “to grow and develop our national project portfolio, diversified by: • geography • product type • price point so that it continues to hold broad customer appeal and performs well in a range of market conditions.” Business Model
Slide 4: Implementing Strategy
Cedar Woods Presentation | 4 Implementing Strategy For personal use only • Geographic — Brisbane (Ellendale 2014, Wooloowin 2015) — Adelaide (Glenside 2015) — Perth (North Baldivis 2015) • Product type — first apartments at Williams Landing — medium density at Wooloowin and Glenside • Price points —
Slide 5: Historical Financial Performance
Cedar Woods Presentation | 5 Historical Financial Performance For personal use only 45 CAGR: 19.8% • Consistent growth in NPAT and $m 40 Statutory NPAT 35 Dividends1 dividends • Only ASX-listed developer to 30 deliver year-on-year NPAT growth since FY2010 25 CAGR: 24.8% • Expecting 6th consecutive r
Slide 6: National Portfolio and Land Bank
Cedar Woods Presentation | 6 National Portfolio and Land Bank For personal use only
Slide 7: State Conditions
Cedar Woods Presentation | 7 State Conditions For personal use only Victoria Conditions remain sound with good sales rates being acheived across all projects. Price growth has moderated across all sectors and conditions are expected to remain stable for subdivided lots and townhouses with the likeli
Slide 8: Changes in Dwelling Prices FY2016
Cedar Woods Presentation | 8 Changes in Dwelling Prices FY2016 For personal use only % Change Median Dwelling Price Sydney 11.3% $780,000 Melbourne 11.5% $587,000 Brisbane 5.3% $475,000 Adelaide 2.2% $420,000 Perth -4.7% $505,000 Source: Core Logic RP data • Cedar Woods’ markets relatively affordabl
Slide 9: Positioned for Continued Growth
Cedar Woods Presentation | 9 Positioned for Continued Growth New Projects Contributing to Revenue in Coming Years For personal use only Acquisition Cost Lots / Project Project State Acquired ($m) Units Life (Years) (1) Ellendale - Upper Kedron QLD 2014 68.0 480 10 Wooloowin QLD 2015 24.6 279 6 Jacks
Slide 10: Queensland Project Updates
Cedar Woods Presentation | 10 For personal use only Queensland Project Updates
Slide 11: Queensland Projects
Cedar Woods Presentation | 11 Queensland Projects For personal use only
Slide 12: Ellendale, Upper Kedron – Project Update
Cedar Woods Presentation | 12 Ellendale, Upper Kedron – Project Update For personal use only • 227 ha situated 12 km west of the Brisbane CBD. • Initial approval granted for the first 480 lots with a planning process underway for the remaining 160 hectares. • Stage 1, 143 lots - construction commenc
Slide 13: Upper Kedron, QLD - Masterplan
Cedar Woods Presentation | 13 Upper Kedron, QLD - Masterplan For personal use only
Slide 14: Ellendale Construction Progress
Cedar Woods Presentation | 14 Ellendale Construction Progress For personal use only
Slide 15: Display Village Builders and Buyer Profiles
Cedar Woods Presentation | 15 Display Village Builders and Buyer Profiles For personal use only • Ellendale will include a 29 lot display village in stage 1. • Major builders including Metricon, Stylemaster and GJ Gardner, together with boutique builders. • Display village opening anticipated in Q2
Slide 16: Wooloowin, QLD
Cedar Woods Presentation | 16 Wooloowin, QLD For personal use only • 3.81 hectare site, 5 km north of the Brisbane CBD, train stations nearby. • Acquired in Q2 FY16 for $24.6M ex GST on deferred terms. • Site has current approval for 279 residential dwellings up to 8 storeys. • CWP is revising the m
Slide 17: Wooloowin Target Market
Cedar Woods Presentation | 17 Wooloowin Target Market For personal use only • Wooloowin target market is expected to comprise mostly local buyers: Medium Density Housing: — Young families wanting to stay in the area. — Upgraders and mature downsizers wanting convenient, low maintenance living. Apart
Slide 18: Victorian Project Updates
Cedar Woods Presentation | 18 For personal use only Victorian Project Updates
Slide 19: Banbury Village – Project Update
Cedar Woods Presentation | 19 Banbury Village – Project Update For personal use only • 430 dwellings on a 9ha site in Footscray. • Last stage of 21 townhouses completed in April ‘16. • Botanica Apartments completed in May 2016 with settlements in June & July 2016.
Slide 20: St. A – Project Update
Cedar Woods Presentation | 20 St. A – Project Update For personal use only • Around 250 dwellings on 6.8 ha in St. Albans in Melbourne's North West. • Mix of houses, duplexes, townhouses and apartments. • Sales releases 1-3 now 98% sold • $200m new station / level crossing removal commenced – comple
Slide 21: Jackson Green – Project Update
Cedar Woods Presentation | 21 Jackson Green – Project Update For personal use only • Lot yield of 300+ dwellings on 6.5ha. • Townhouse stages 1-4 now 100% sold. • Civil construction commencing Q1 FY17. • Apartment building sales release forecast for Q1 FY17. • State Govt. plans to upgrade nearby tra
Slide 22: Jackson Green – Housing Types
Cedar Woods Presentation | 22 Jackson Green – Housing Types For personal use only Note: Images are an artist’s impression and subject to Council approvals.
Slide 23: Williams Landing – Project Update
Cedar Woods Presentation | 23 Williams Landing – Project Update For personal use only • Master planned community of around 2400 lots / dwellings with approximately 1650 settled by end FY16. • 50% of FY17 presales target has been achieved. • Addison Neighbourhood Stages 1 and 2 achieving record high
Slide 24: Williams Landing Town Centre
Cedar Woods Presentation | 24 Williams Landing Town Centre For personal use only • 45ha site with mixed use, priority zoning. • To accommodate a range of uses including Apartments, Shopping Centre, Office, Serviced Accommodation / Hotel , Aged Care and Parking. • Numerous projects underway. • Severa
Slide 25: Williams Landing Town Centre – Indicative stages
Cedar Woods Presentation | 25 Williams Landing Town Centre – Indicative stages For personal use only
Slide 26: Williams Landing Town Centre Apartments
Cedar Woods Presentation | 26 Williams Landing Town Centre Apartments For personal use only DRAFT INDICATIVE DRAFT INDICATIVE ARTIST IMPRESSION ONLY ARTIST IMPRESSION ONLY Newton Apartments – 100% sold Oxford Apartments • 57 apartments with a mix of 1 and 2 • 2 buildings comprising ~100 bedrooms. ap
Slide 27: Williams Landing Shopping Centre
Cedar Woods Presentation | 27 Williams Landing Shopping Centre For personal use only Williams Landing Shopping Centre • Centre opened in December 2014. • 6,767sqm of retail, incl. Woolworths & 21 Specialties. • 1,888sqm of office. • Fully leased Net Income (existing) = ~$3million Shopping Centre Exp
Slide 28: Williams Landing Town Centre
Cedar Woods Presentation | 28 Williams Landing Town Centre For personal use only Office • Strata office sales and commercial leasing design and marketing being prepared. DRAFTINDICATIVE DRAFT INDICATIVE DRAFTIMPRESSION ARTIST INDICATIVEONLY ARTIST IMPRESSION ONLY ARTIST IMPRESSION ONLY Serviced Acco
Slide 29: Western Australian Project Updates
Cedar Woods Presentation | 29 For personal use only Western Australian Project Updates
Slide 30: Bushmead
Cedar Woods Presentation | 30 Bushmead For personal use only • 868 lots • Stage 1 development and settlements scheduled for FY17
Slide 31: North Baldivis
Cedar Woods Presentation | 31 North Baldivis For personal use only • Purchase of 50.74 hectares at North Baldivis in early August 2015 • Site adjoins company’s existing 68 hectare holding • Combined property will allow master-planned development of 1,580 lots • Stage 1 development in FY17, settlemen
Slide 32: Mangles Bay
Cedar Woods Presentation | 32 Mangles Bay For personal use only • 80ha Marina-Based tourist precinct 50km from Perth CBD • Federal Department of Environment approval achieved • Completion of Statutory Planning due in November 2016 • Construction anticipated to commence in FY2017
Slide 33: South Australian Project Update
Cedar Woods Presentation | 33 For personal use only South Australian Project Update
Slide 34: SA Project - Glenside
Cedar Woods Presentation | 34 SA Project - Glenside For personal use only • 16.5 hectare site just 2km south-east of Adelaide CBD • Masterplan prepared in cooperation with Renewal SA and presented to community • Public consultation for rezoning underway • Preferred proponent to acquire the site, ant
Slide 35: Questions?
Cedar Woods Presentation | 35 For personal use only QUESTIONS?
Slide 36: Project Time-line
Cedar Woods Presentation | 36 Project Time-line For personal use only
Slide 37: Disclaimer
Cedar Woods Presentation | 37 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 i
Slide 38: Office contact details
For personal use only Perth Office Melbourne Office Brisbane Office Ground Floor Level 1 Level 6 50 Colin Street 476 St Kilda Road 12 Creek Street West Perth WA 6005 Melbourne VIC 3004 Brisbane QLD 4000 T: (08) 9480 1500 T: (03) 9820 1777 T: (07) 3007 2900 E: email@cedarwoods.com.au E: melbourne@ced
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