Desane Group Holdings Ltd · ASX:DGH
Desane — HY16 Earnings Presentation
17 slides from Desane's earnings presentation, Feb 29, 2016
Slide 1: HY16 Results Presentation
For personal use only HY16 Results Presentation
Slide 2: HY16 Result Highlights
HY16 Result Highlights For personal use only EBIT • Completion and realisation of Cash increased Easton Rozelle generating of $17m 127% $27.8m in gross sales revenue to $4.5m • 29% reduction in Group debt to $16.6m NPAT EPS • 12.5% 12 5% increase of interim fully increased increased 154% 109% franke
Slide 3: HY16 Results
For personal use only HY16 Results
Slide 4: HY16 Results
HY16 Results For personal use only Improved p profit p driven by y realisation of Easton Rozelle Strong balance sheet as at as at OPERATING RESULTS 1H16 1H15 SUMMARY 31 Dec 15 30 Jun 15 Development 1 $3.9m $0.9m Cash $16.7m $4.7m Investment $0.6m $1.1m Net Debt 1 Nil $21.6m EBIT $4.5m $2.0m Net Asse
Slide 5: HY16 Profit Summary
HY16 Profit Summaryy For personal use only 1H16 1H15 % change 1 Revenue Property development sales $25.6m Nil Rental income $1.1m $1.1m Project & property management $0.2m $0.4m Property revaluations (net gain) Nil $0.9m Other Nil $0.1m Total Revenue $26.9m $2.5m Property development cost base ($21.
Slide 6: HY16 Balance Sheet Summary
HY16 Balance Sheet Summaryy For personal use only as att as att 31 Dec 15 30 Jun 15 Assets Cash $16.7m $4.7m Development properties held for sale $2.5m $20.6m Investment properties $32.6m $32.6m Other assets $1.1m $3.1m TOTAL ASSETS $52.9m $61.0m Liabilities Interest bearing loans $16.6m $26.3m Defe
Slide 7: HY16 Debt Summary
HY16 Debt Summaryy For personal use only Reduction in Group Debt as at as at 31 Dec 15 30 Jun 15 Investment facilities $16.7m $19.6m Development facilities1 Nil $6.7m Total facilities $16.7m $26.3m Cash $16 7m $16.7m $4 7m $4.7m Net Debt Nil $21.6m Gearing 2 37% 49% LVR 3 48% 50% 1 Total development
Slide 8: Dividends
Dividends For personal use only Interim dividend up p 12.5% Dividend Amount Franking % Payment Date HY16 interim 25c1 2.25c 2 100% March 2016 2 FY15 final 2.00c 100% November 2015 Special dividend 15.00c 100% June 2015 HY15 interim 2.00c 100% March 2015 1 Interim dividend declared and payable on 31
Slide 9: Operational Update
For personal use only Operational Update
Slide 10: Investment Portfolio Summary
Investment Portfolio Summaryy For personal use only Active asset management resulting in 100% occupancy Portfolio Results HY16 Tenancy Profile by Portfolio value $32.6m 3% Industry Sector 6% Year on Year NOI growth1 12.0% 7% Healthcare Occupancy 100% 32% Events Management 9% Wholesale Trade WACR 7.5
Slide 11: Portfolio Details
Portfolio Details For personal use only Property State Ownership Cap rate NLA (m2) Occupancy WALE (yrs) 7 Sirius Rd NSW 100% 7.75% 2,778 100% 4.8 Lane Cove 13 Sirius Rd NSW 100% 7.75% 2,181 100% 3.1 Lane Cove 7-9 Orion Rd NSW 100% 7.85% 5,766 100% 3.4 Lane Cove 68-72 Lilyfield NSW 70% 6.50% 5,494 10
Slide 12: Developments
Developments p For personal use only • Completion and realisation of $27.8m gross sales revenue from Easton Rozelle to HY16 • An additional $3.6m gross sales revenue to be realised in FY16 • D Development l t ffacility ilit repaid id iin ffullll • The realisation of this project has generated g sign
Slide 13: Outlook and Objectives
Outlook and Objectives j For personal use only
Slide 14: Outlook and Objectives
Outlook and Objectives j For personal use only Key objectives: Outlook: FY18 + • Increase NTA and reward shareholders with continued fully franked dividends FY17 Rezone the New property Rozelle asset • Pursue new commercial, industrial and residential FY16 acquisitions opportunities in metropolita
Slide 15: Management Team
Management g Team For personal use only Phil Montrone OAM Jack Sciara Rick Montrone Managing Director Chief Financial Officer Head of Property Phil has served as Managing Director Jack joined Desane in 2001 and has over Rick is an Executive Director and the since the Company's incorporation. He 20 y
Slide 16: Board
Board For personal use only John Bartholomew Prof. John Sheehan Non-executive Director & Chairman Company Secretary John is a practising Chartered Town Planner and John joined Desane in 1989 as Financial Controller Registered Property Valuer and specialises in and Company Secretary. compulsory acqui
Slide 17: Disclaimer
Disclaimer For personal use only This presentation paper has been published for information purposes only. The information contained in this presentation paper is of a general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any reader