Aspen Group Limited · ASX:APZ
Aspen — Shareholder Meeting (November 2019)
14 slides from Aspen's shareholder meeting presentation, Nov 29, 2019
Slide 1: Chairman's and CEO's Address - 2019 AGM
Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 21 Oxford Street Bondi Junction NSW 2022 Telephone: 02 9151 7500 Email: homemail@aspengroup.com.au ASX ANNOUNCEMENT 29 November 2019 Chairman’s and CEO’s Address - 2019 AGM Chairman’s Address Ladies and Gentlemen, Welcome t
Slide 2: CEO's Address
CEO’s Address Business Model We believe Aspen’s opportunities are tremendous within Australia’s $7 trillion residential markets. Aspen provides the entire spectrum of accommodation products and services to households on competitive terms. Our customers range from single to large family households of
Slide 3: CEO's Address: development activity and outlook
Aspen’s development and trading activity will be increasing with the addition of new dwellings at Tomago and some of our other parks. In most instances, we have the option to sell the dwellings under a land lease arrangement, which would generate development profits, or to rent the dwellings. Aspen
Slide 4: 2019 AGM
2019 AGM ; 29 November 2019 a
Slide 5: Contents
Residents at Four Lanterns Estate, NSW Contents 1 Chairman’s Address 2 CEO’s Address Sweet Water Grove – marketing campaign, NSW
Slide 6: Chairman's Address
Barlings Beach Holiday Park, NSW 1 Chairman’s Address Darwin FreeSpirit Resort, NT 3
Slide 7: Chairman's Address
Chairman’s Address 1.0 § Aspen has commenced FY20 with positive momentum after the combination of Mill Hill Capital and Aspen management teams in March § Aspen is now very well positioned to take advantage of the tremendous opportunities in providing competitively priced accommodation in the residen
Slide 8: CEO's Address
2 CEO’s Address Residence Design Image: Tomago Village Redevelopment, NSWFour LanternsPerth, WA Estate, Perth,NSW WA 5
Slide 9: Aspen's Opportunity
Aspen’s Opportunity 2.0 § Aspen is uniquely positioned amongst ASX-listed groups: o Provider of a broad spectrum of accommodation products and services on competitive terms in the residential, retirement and short stay sectors ADDRESSABLE MARKET o Accommodating both single/couple and family househol
Slide 10: Aspen's Portfolio
Aspen’s Portfolio 2.1 Aspen’s current product / service offering includes: Property Type by Location (value weighted) § Land Leases: - Resident owns the dwelling and leases the underlying land from Aspen - Land rent typically $125-225 per week - eg. Land Lease Communities (Four Lanterns, Mandurah Ga
Slide 11: Recent Acquisitions
Recent Acquisitions 2.2 Baldivis Townhouses Perth Portfolio § 84 residential dwellings located in the Southern beachside and North-eastern suburbs of Perth § Family-oriented housing product with average rent of $351 per week: o Typically 3 or 4 bedrooms, 2 bathrooms and 2 car garage / carports avera
Slide 12: Financial Update – First 4 Months FY20
Financial Update – First 4 Months FY20 2.3 § FY20 guidance maintained: o Underlying EPS of 6.75-7.00 cents per security o Distribution of 6.00 cents per security § First 4 months of FY20: o Total Property Net Operating Income (NOI) slightly below budget: – Darwin Freespirit Resort (DFR) revenue and
Slide 13: Financial Update
Financial Update 2.4 § Balance sheet: o Post the debt funded acquisitions of Lindfield Apartments and Perth Portfolio, drawn debt is $52 million and gearing is approximately 29% - comfortably within covenant limit of 50% o Westpac debt facility: – Total limit increased from $55 million to $71 millio
Slide 14: Disclaimer
Disclaimer This presentation has been prepared by Aspen Group Limited on behalf of Aspen Group Limited and Aspen Property Trust (“Aspen”) and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any s