Centuria Capital Group · ASX:CNI
Centuria Capital — H1 FY2012 Earnings Presentation
14 slides from Centuria Capital's earnings presentation, Feb 24, 2012
Slide 1: Results Announcement for the half year ending 31 December 2011
For personal use only Results Announcement for the half year ending 31 December 2011 Centuria Capital Limited Presentation to Investors and Analysts 24 February 2012
Slide 2: 31 December 2011 Half Year Result
31 December 2011 Half Year Result For personal use only Earnings • Increase in total revenue and statutory profit from the corresponding period • Group underlying earnings have decreased from the corresponding period due to significant investments in new staff and people as well as no new property t
Slide 3: Operating Results (excl. Benefit Funds)
Operating Results (excl. Benefit Funds) For personal use only Half year ended 31 December 2011 2010 Underlying earnings before interest and tax by major division (i) $000’s $000’s Core Divisions Centuria Property Funds (ii) 741 1,877 Centuria Life (iii) 3,842 4,299 Residential Mortgages 1,640 1,058
Slide 4: Operating Results (excl. Benefit Funds) (continued)
Operating Results (excl. Benefit Funds) (continued) For personal use only Notes relating to the prior page (i) Financial information noted as “underlying” represents the statutory result of the Group in accordance with International Financial Reporting Standards (“IFRS”), adjusted for items which ar
Slide 5: Revenue from Major Divisions
Revenue from Major Divisions (excl. Benefit Funds) For personal use only Half year ended 31 December 2011 2010 Change Core Divisions $000’s $000’s Centuria Property Funds 5,039 5,009 1% Centuria Life 6,516 6,836 (5%) Residential Mortgages 8,566 7,792 10% Insurance 628 646 (3%) Total Revenue from Cor
Slide 6: Half Year Business Highlights
Half Year Business Highlights For personal use only • Increase in property division FUM due to an overall increase in external property valuations stemming largely from a focused effort on leasing during the half year. • Expecting to settle on a Victorian-based acquisition in March 2012 for $58m. Th
Slide 7: Growth Strategy
Growth Strategy For personal use only Centuria Property Funds • Focused on growing FUM through both organic growth, structured offerings and strategic acquisitions. • Continuing to experience strong new investor enquiry for new unlisted property investments. Centuria Life • Continue to expand distri
Slide 8: Appendices: Statutory Account Reconciliations
Appendices Statutory Account Reconciliations For personal use only General comment on statutory account reconciliation The “Statutory Accounts” show the consolidated corporate entities including the Benefit Funds which Centuria is required under AIFRS to consolidate. The “Benefit Funds” reflect valu
Slide 9: Profit and Loss for half year
Appendix 1: Profit and Loss for half year ended 31 December 2011 For personal use only Statutory Accounts Benefit Funds Corporate Accounts $m $m $m Revenue 15.2 - 15.2 Centuria Life revenue 6.5 - 6.5 Other income 1.1 - 1.1 Total Revenue 22.8 0.0 22.8 Finance costs (8.6) - (8.6) Employee benefits exp
Slide 10: Balance Sheet as at December 2011
Appendix 2: Balance Sheet as at 31 December 2011 For personal use only Statutory Accounts Benefit Funds Corporate Accounts $m $m $m Assets: Cash and cash equivalents 10.8 - 10.8 Trade and other receivables 11.6 - 11.6 Income tax receivable 0.1 - 0.1 Financial assets at fair value through profit and
Slide 11: Balance Sheet as at December 2011 (continued)
Appendix 2: Balance Sheet as at 31 December 2011 (continued) For personal use only Statutory Accounts Benefit Funds Corporate Accounts $m $m $m Liabilities: Trade and other payables 8.5 - 8.5 Corporate debt 8.1 - 8.1 Borrowings – recourse to investment property only 23.5 - 23.5 Borrowings - Resident
Slide 12: Cash Flow Statement
Appendix 3: Cash Flow Statement for year ended 31 December 2011 For personal use only Statutory Accounts Benefit Funds Corporate Accounts $m $m $m Cash flows from operating activities Interest received 9.3 - 9.3 Management fees received 10.4 - 10.4 Rent, trust distributions and other income received
Slide 13: Cash Flow Statement (continued)
Appendix 3: Cash Flow Statement for year ended 31 December 2011 (continued) For personal use only Statutory Accounts Benefit Funds Corporate Accounts $m $m $m Cash flows from financing activities Loans (payment)/receipts (0.7) - (0.7) Benefit funds receipts 0.7 0.7 - Proceeds from borrowings – Resid
Slide 14: Disclaimer
Disclaimer For personal use only This document has been issued by Centuria Capital Limited This document is not a recommendation or personal advice ABN 22 095 454 336 and contains general information about in relation to Centuria or any product or service offered by Centuria Capital Limited and its