53 slides from Melcor Developments's shareholder meeting presentation, Apr 27, 2016
Slide 1: Annual General Meeting
ANNUAL GENERAL MEETING April 27, 2016
Slide 2: Agenda
AGENDA • Formal Business ¨ Introductions ¨ Call to Order ¨ Presentation of Financial Statements ¨ Appointment of Auditors ¨ Fixing the Size of the Board ¨ Election of Directors • Management Presentations • Q&A
Slide 3: Introductions – Directors
INTRODUCTIONS – DIRECTORS Gordon Clanachan Ross Grieve Andrew Melton Timothy Melton Edmonton, AB Edmonton, AB Calgary, AB Edmonton, AB Eric Newell Catherine Roozen Allan Scott Ralph Young Edmonton, AB Edmonton, AB Edmonton, AB Edmonton, AB
Slide 4: Introductions – Executive Team
INTRODUCTIONS – EXECUTIVE TEAM Brian Baker Jonathan Chia Darin Rayburn President & CEO CFO Executive Vice President Naomi Stefura Jason Fjeldheim Dennis Inglis Brett Halford VP, Finance VP, Community VP, Community VP, Recreational Development North Development South Properties
Slide 5: Agenda
AGENDA • Formal Business ¨ Introductions ¨ Call to Order ¨ Presentation of Financial Statements ¨ Appointment of Auditors ¨ Fixing the Size of the Board ¨ Election of Directors • Management Presentations • Q&A
Slide 6: Director Nominees
DIRECTOR NOMINEES Gordon Clanachan Ross Grieve Andrew Melton Kathy Melton Timothy Melton Edmonton, AB Edmonton, AB Calgary, AB Calgary, AB Edmonton, AB Eric Newell Catherine Roozen Allan Scott Ralph Young Edmonton, AB Edmonton, AB Edmonton, AB Edmonton, AB
Slide 7: Agenda
AGENDA • Formal Business ¨ Introductions ¨ Call to Order ¨ Presentation of Financial Statements ¨ Appointment of Auditors ¨ Fixing the Size of the Board ¨ Election of Directors • Management Presentations • Q&A
Slide 8: Our Story Built to Last
MELCOR LIVE. WORK. SHOP. PLAY.
Slide 9: Management Presentations
MANAGEMENT PRESENTATIONS • Financial Highlights Jonathan Chia – CFO • Strategic & Operations Highlights Brian Baker – President & CEO • Shareholder Questions
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS Jonathan Chia, CFO
Slide 11: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains statements that are forward-looking. Forward-looking statements are disclosures regarding possible events, conditions, or results of operations that are based on assumptions about future economic conditions, courses of action and include future-o
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Slide 13: Margin
margin
Slide 14: Income
income
Slide 15: Income from operations
54,014 from operations 66,933 57,859 85,477 54,271 2011 2012 2013 2014 2015
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Slide 18: Strategic Highlights
STRATEGIC HIGHLIGHTS Brian Baker, President & CEO
Slide 19: Single Family
single family
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Slide 21: Commercial Development
commercial development
Slide 22: Under Management
under management
Slide 23: Occupancy
JSS Ee ; Z OCCUPANGY= eS a
Slide 24: played
120, 00022" , played )
Slide 25: Financial Strength
FINANCIAL STRENGTH
Slide 26: Managing Long-Term
MIANAGE TONGSTERM
Slide 27: Revenue & Earnings Since 1986
1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 WITH OIL CORRECTIONS 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 REVENUE & EARNINGS SINCE 1986 2011 2012 2013 2014 2015
Slide 28: Revenue by Major Region
2) REVENUE BY MAJOR REGION
Slide 29: Key Metrics
~ KEY METRICS Line of Credit Availability | Debt:Equity Interest Coverage Loan:Value Admin Expense
Slide 30: Operational Preparedness
OPERATIONAL PREPAREDNESS
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Slide 32: PV
PV
Slide 33: Saga “4
Saga “4 : “Sgt <, hid y AF CON 2015 i
Slide 34: Thriving Through the Cycles
THRIVING THROUGH THE CYCLES
Slide 35: BIAS
BIAS
Slide 36: Opportunities
Raw lame) ~*~ = 2 BUY ug “a : = Opportunities
Slide 37: Thriving Through the Cycles
• 2 SLIDES Thriving through the cycles – Raw land prices (down) AERIAL – Construction costs & servicing (down) COMMERCIAL CONSTRUCTION
Slide 38: General & Administrative Spend
18,550 22,786 29,048 24,769 23,691 20,220 GENERAL & ADMINISTRATIVE SPEND
Slide 39: Outlook
OUTLOOK
Slide 40: WCS Oil Price
WCS OIL PRICE
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Slide 44: mil
mil Ww wi " fa Kc =r fol le a Toss i WU ae a C=5 S SS ASS = a af 7 oe
Slide 45: Municipal approvals
Min icijal seme approvals
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Slide 49: 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994
1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014
Slide 50: Built to Last
BUILT TO LAST
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Slide 53: Questions & Answers
QUESTIONS & ANSWERS | |