Summerset Group Holdings Limited · NZX:SUM
Summerset — Investor Day (December 2024)
59 slides from Summerset's investor day presentation, December 2024
Slide 1: Investor day
Investor day Summerset Group Holdings Limited December 2024 Summerset St Johns, Auckland, New Zealand
Slide 2: Disclaimer
Summerset Group Holdings Limited 2024 Investor day Disclaimer ▪ This presentation may contain projections or forward looking statements regarding a variety of items. Such forward looking statements are based upon current expectations and involve risks and uncertainties ▪ Actual results may differ ma
Slide 3: Agenda
Summerset Group Holdings Limited 2024 Investor day Agenda Time Details Speaker Locations 9:00 am Bus tour departing from SkyCity Hotel (includes travel time) 10:30am Morning Tea / coffee on arrival Summerset St Johns Scott Scoullar 10:45am CEO address Summerset St Johns Chief Executive Officer Riet
Slide 4: Our speakers today
Summerset Group Holdings Limited 2024 Investor day Our speakers today Presentations from key members of our leadership team 4 Scott Scoullar Riet Bersma-Rees Aaron Smail Dean Tallentire Stewart Scott Chief Executive Officer Head of Sales Chief Development Officer Chief Construction Officer Chief Ope
Slide 5: CEO address
Summerset Milldale, Auckland, New Zealand 5 01 CEO address Scott Scoullar
Slide 6: CEO Address: Welcome to Summerset's 2024 Investor day
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update CEO Address Welcome to Summerset’s 2024 Investor day 6 Summerset St Johns open – 196 units delivered on time and budget Belmont – Excellent central Auckland broad acre site added Existing village
Slide 7: CEO Address: Welcome to Summerset's 2024 Investor day
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update CEO Address Welcome to Summerset’s 2024 Investor day Existing village Extension site 7 Additional land adjoining our Blenheim village secured Australia - open with first residents moving into Cra
Slide 8: Sales
8 02 Sales Riet BersmaRees
Slide 9: Sales update: Riet Bersma-Rees, Head of Sales
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Sales update Riet Bersma-Rees | Head of Sales (NZ and AUS) ▪ Joined Summerset in 2018, leads our St Johns and Australia sales teams as Group Sales Manager ▪ Acting 2IC to Chief Sales Officer ▪ Pr
Slide 10: Sales – 2024 key themes
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Sales – 2024 key themes Interest remains high, while units are still taking longer to settle Key themes ▪ Underlying demand remains strong ▪ Wider property market is still challenging, prospects
Slide 11: Sales – New Zealand market update
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Sales – New Zealand market update Diversification is supporting sales as challenging conditions seen across key markets Bay of Plenty Hawkes Bay Whangarei Auckland Cambridge Bay of Plenty Challen
Slide 12: 2024 highlights
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update 2024 highlights Good sales performance in tough conditions - resales and care units leading the way Our highlights ▪ Experienced and highly engaged sales team producing good results over a tough
Slide 13: Village progress
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Village progress Good demand for our newest villages and our care offering ▪ Big increase in care units sold this year across Quarterly care ORA settlements our portfolio with three care centres
Slide 14: Village progress – St Johns
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Village progress – St Johns Good demand for our newest villages and our care offering ▪ Welcomed our first resident in October ▪ Fantastic turn out at open days and database events ▪ Interest muc
Slide 15: Good regional diversification in demand
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Good regional diversification in demand Prospect levels continue to be high, evenly spread across NZ ▪ 6,100 new prospects for 1H24. This is an average 1,000 new prospects each month, up 14% comp
Slide 16: Sales performance
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Sales performance Strong pipeline of sales contracts signalling continued customer demand ▪ The number of units under contract are at record levels but wider property market conditions still maki
Slide 17: Looking ahead
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Looking ahead Two new villages, one main building and two care centre refurbishments Rangiora, Christchurch ▪ New village in a desirable location, with new generation main building incorporated i
Slide 18: Notes
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Notes 18
Slide 19: Development
Summerset Cambridge, Waikato, New Zealand 19 03 Development Aaron Smail
Slide 20: Development (NZ) update: Aaron Smail
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Aaron Smail | Chief Development Officer (NZ) ▪ BE (Civil), BBS (Management) ▪ Joined Summerset in 2015 ▪ Leads Summerset’s design, land acquisition, development commercial
Slide 21: Development New Zealand – 2024 highlights
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development New Zealand – 2024 highlights 2024 Highlights ▪ Five new site acquisitions in 2024 that solidify our medium-term land bank ▪ Enhanced design capability and production ▪ Focus on value
Slide 22: Development (NZ) update: Acquisitions & advanced consenting
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Acquisitions & advanced consenting put Summerset in great position to deliver growth ▪ Good year for converting land opportunities, seeing less competition for sites Broad
Slide 23: Diversified broadacre portfolio throughout New Zealand
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Diversified broadacre portfolio throughout New Zealand North Island South Island Thirteen Four Villages under Villages under construction construction 23 Six Two Future si
Slide 24: Mission Hills, Napier land acquisition
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Mission Hills, Napier land acquisition ▪ Located in the premium Mission Hills subdivision, Mission Hills, Napier a highly desirable location ▪ Includes neighbourhood centr
Slide 25: Belmont, Auckland land acquisition
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Belmont, Auckland land acquisition ▪ Sought after large site in central Auckland, rare to Belmont, Auckland secure this type of opportunity ▪ Median house price for catchm
Slide 26: Ratanui Rd, Paraparaumu land acquisition
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Ratanui Rd, Paraparaumu land acquisition ▪ Kapiti Coast is a true destination of choice for Ratanui Rd, Paraparaumu retirees across the lower North Island ▪ Great central
Slide 27: Boulcott village extension land
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Boulcott village extension land ▪ 1.2ha village extension that will add around 48 units Boulcott Extension, Lower HuttSite Location ▪ The extension will be broadacre villa
Slide 28: Blenheim village extension land
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Blenheim village extension land ▪ Proposed extension adjoins our existing village to Blenheim Extension, Marlborough support demand from growing 75+ population ▪ Site is 4
Slide 29: Design: Regional Main Building (2nd generation)
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Design: Regional Main Building (2nd generation) ▪ Evolution of our award winning current main building design ▪ Suited for broadacre villages in the increasingly competiti
Slide 30: Design: Provincial Main Building
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Design: Provincial Main Building ▪ Impressive new design for regional locations ▪ Used where land availability allows for larger sites and the ability to ‘spread out’ ▪ Si
Slide 31: Design: Provincial Main Building
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Design: Provincial Main Building 31
Slide 32: Design: Villa refresh and design vibrancy
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update Design: Villa refresh and design vibrancy to bring the best of life Villa refresh programme 32 Villa refresh programme Pickleball courts New outdoor fireplace settings New
Slide 33: R&D and Business Performance teams improving designs
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Development (NZ) update R&D and Business Performance teams improving designs and business process ▪ Specialists working independently of delivery team ▪ Design R&D team investigates and develops
Slide 34: Notes
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Notes 34
Slide 35: Construction
Summerset Milldale, Auckland, New Zealand 3 5 04 Construction Dean Tallentire
Slide 36: Construction NZ: Dean Tallentire
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Construction NZ Dean Tallentire | Chief Construction Officer NZ ▪ Holds a BSc (Hons) and is a member of the Royal Institution of Chartered Surveyors ▪ Joined Summerset in 2015 ▪ Governs and leads
Slide 37: Construction New Zealand – 2024 highlights
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Construction New Zealand – 2024 highlights Integrated model for cash recycling, product outcomes and cost-to-value optimisation ▪ 17 active locations across New Zealand from, civils through to co
Slide 38: Delivery capability
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Delivery capability Highly experienced delivery arm with a track record of delivering 600+ units annually ▪ Broadacre model allows for flexibility and resilience in delivery programme to meet dem
Slide 39: Delivery capability
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Delivery capability Highly experienced delivery arm with a track record of delivering 600+ units annually Unit deliveries 800 700 600 500 400 300 200 100 39 - 2010 2011 2012 2013 2014 2015 2016 2
Slide 40: Construction costs
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Construction costs Construction cost inflation moderating, gains being seen across several areas ▪ Summerset seen as as a market leading commercial constructor for many years ▪ We have healthy su
Slide 41: Sustainability
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Sustainability Industry leading construction land fill avoidance achieved ▪ Industry leading construction land fill avoidance achieved – over 80% at metro villages and almost 40% at regional site
Slide 42: St Johns
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update St Johns One team approach delivering a village of outstanding quality on time and on budget ▪ Summersets largest project to date - commencing in October 2020 ▪ Highly experienced project managem
Slide 43: St Johns: village now open
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update St Johns Village now open with 196 units, amenity spaces and care centre delivered in FY24 43
Slide 44: St Johns: construction progress 2015–2024
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update St Johns Village now open with 196 units, amenity spaces and care centre delivered in FY24 44 2015 - Site acquired 2020 – Bulk earthworks commence 2021 – Structural works underway 2022 – Construc
Slide 45: Notes
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Notes 45
Slide 46: Australia
Summerset Cranbourne North, Melbourne, Victoria 4 6 05 Australia Stewart Scott
Slide 47: Australia update: Stewart Scott
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Australia update Stewart Scott | Chief Operating Officer - Australia ▪ Joined Summerset in 2020, based in Melbourne, Australia ▪ Leads Summerset’s activity in Australia ▪ Over 28 years experience
Slide 48: Market Overview
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Market Overview Well placed to take advantage of market and regulatory conditions as they improve ▪ The “Silver Tsunami” has arrived in Australia, driving strong demand for retirement villages an
Slide 49: 2024 Highlights: A big year in Australia
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update 2024 Highlights A big year for Summerset in Australia ▪ Welcomed our first residents into Cranbourne North in April, now sold 17 of the 30 units delivered ▪ Good turnout at events across 2024 – i
Slide 50: Cranbourne North
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Cranbourne North Stage one villas are complete and first residents have settled in ▪ Cranbourne North is a 5.8ha site in south-east Cranbourne North, Melbourne Melbourne ▪ Village will have 161 i
Slide 51: Cranbourne North: hibiscus villas
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Cranbourne North The hibiscus villas overlooking the reserve are proving popular 51 Cranbourne North – hibiscus villa Cranbourne North – hibiscus villa Villa bathroom Villa kitchen Cranbourne Nor
Slide 52: Cranbourne North: village centre early 2026
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Cranbourne North Our first village centre will welcome residents in early 2026 52 Cranborne North – care suite render Cranbourne North – Village centre render Cranborne North village centre - Rec
Slide 53: Chirnside Park
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Chirnside Park Civil construction is underway, with the first villas expected to deliver in late 2025 ▪ Chirnside Park is a 5.2ha site in north-east Chirnside Park, Melbourne Melbourne ▪ The vill
Slide 54: Torquay
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Torquay Development Plan granted, construction due to start in 2025 ▪ Torquay is a 8.5ha site in Victoria Torquay, Victoria ▪ Current plans for approximately 239 independent homes with an aged ca
Slide 55: Oakleigh South
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Oakleigh South Planning permit approved for Oakleigh South in May 2024, design progressing well ▪ Oakleigh South is a 1.8ha site in the middle Oakleigh South, Melbourne ring of Greater Melbourne,
Slide 56: Growth in Australia
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Growth in Australia We are seeing improved value in Melbourne. Our delivery pipeline is well positioned ▪ Maintaining our diligent approach to acquisition, sites must meet stringent internal hurd
Slide 57: Queensland
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Queensland Queensland market entry plans commenced in 2024 ▪ Southeast Queensland is our focus - this extends from Noosa to Coolangatta ▪ Population growth of over 75 population forecast to be ov
Slide 58: Notes
CEO Address Sales Update New Zealand Development Update New Zealand Construction Update Australia Update Notes 58
Slide 59: Ngā mihi
Ngā mihi Thank you 59
Summerset Group Holdings — Investor Day (December 2024) on 6ix