Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (November 2016)
26 slides from Desane's shareholder meeting presentation, Nov 4, 2016
Slide 1: Annual General Meeting 4 November 2016
For personal use only Annual General Meeting 4 November 2016
Slide 2: Chairman's Address
For personal use only Chairman’ss Address Chairman Prof. John Sheehan
Slide 3: Ordinary Business
For personal use only Ordinary Business
Slide 4: Financial Statements and Reports
For personal use only Item 1 Financial Statements and Reports To receive and consider the financial statements of the Company and the consolidated group, for the year ended 30 June 2016, including the Directors’ Report and the Auditor’s Report. No voting is required for this item.
Slide 5: Adoption of Remuneration Report
For personal use only Item 2 Adoption of Remuneration Report Proxies Received Under the Corporations Act 2001, ASX listed % Proxies companies are required to meet disclosure Number Received requirements in respect of Director and executive remuneration and to include a Remuneration Report For 8,428,
Slide 6: Re-election of Mr John Bartholomew
For personal use only Item 3 Re-election of Mr John Bartholomew Proxies Received As stated in the Notice of Meeting, % Proxies one director (other than the Number Received Managing Director) must retire at the Annual General Meeting and is For 21,073,809 77.4% eligible for re-election. Open 6,166,66
Slide 7: Presentation & Company Highlights
For personal use only Presentation & Company Highlights Phil Montrone OAM Managing g g Director
Slide 8: FY16 Snapshot
For personal use only FY16 Snapshot FY16 has set a strong platform for future earnings and shareholder returns NTA per share uplift EBIT increased NPAT increased 12% to 83¢ 68% to $7.9m 104% to $5.1m EPS increased Full year dividend Net cash/(debt)1 of 100% to 13.73¢ 13 73¢ 4 5¢ per share 4.5¢ $0 6m
Slide 9: Consistent Strategy Delivers Years' Performance
For personal use only Consistent Strategy Delivers 3 Years’ Performance Over the past 3 years, Desane has consistently delivered its objectives: NPAT EBIT $5.1m $7.9m $40m sale of the Burns Bayy Road, Lane Cove investment $2.5m $4.7m $1.2m $3.0m Realisation of the Easton Rozelle development deli
Slide 10: Capital Management Update
For personal use only Capital Management Update Working • $17.2m cash & financial assets available for investment Asset Summary as at 30 June 2016 from Easton Rozelle realisation Capital Cash • Repayment of $11.7m of Group borrowings in FY16 Borrowings • $16.6m bank borrowing locked away to 2019 @ 3
Slide 11: Increased Ordinary Dividend Payment
For personal use only Increased Ordinary Dividend Payment FY16 FY15 FY14 Full Year Dividend Interim Dividend 2.25¢ 2.00¢ 2.00¢ Special Dividend Final Dividend ‐ 2.25¢1 15.00¢ 2.00¢ ‐ 2.00¢ 4.5¢ per share Total Dividend Franking 4.50¢ 100% 19.00¢ 100% 4.00¢ 100% $8.8m of fully franked 1 FY16 final di
Slide 12: Property Investment Portfolio Improvement
For personal use only Property Investment Portfolio Improvement Portfolio well positioned to Portfolio Summary FY16 ensure income and capital p values continue to grow P tf li value Portfolio l $34 8 $34.8m Net rental income increase 4.50% Portfolio book value increased by 6 6.4% 4% to $34 $34.8
Slide 13: Portfolio Details Sirius Rd, Lane Cove NSW
For personal use only Portfolio Details 7 Sirius Rd, Lane Cove NSW • Ownership – 100% • Cap Rate – 7.00% • NLA – 2,778m2 • Occupancy – 100% • WALE – 4.3 years
Slide 14: Portfolio Details Sirius Rd, Lane Cove NSW
For personal use only Portfolio Details 13 Sirius Rd, Lane Cove NSW • Ownership – 100% • Cap Rate – 7.20% • NLA – 2,181m2 • Occupancy – 100% • WALE – 2.8 years
Slide 15: Portfolio Details 7-9 Orion Rd, Lane Cove NSW
For personal use only Portfolio Details 7-9 Orion Rd, Lane Cove NSW • Ownership – 100% • Cap Rate – 7.25% • NLA – 5,766m2 • Occupancy – 100% • WALE – 3.1 years
Slide 16: Portfolio Details 68-72 Lilyfield Rd, Rozelle NSW
For personal use only Portfolio Details 68-72 Lilyfield Rd, Rozelle NSW • Ownership – 70% • Cap C R Rate t – 6.50% 6 50% • NLA – 5,494m2 • Occupancy p y – 100%* • WALE – 0.6 years * As at 30 June 2016
Slide 17: Developments: Easton Rozelle
For personal use only Developments EASTON ROZELLE FY16 • Completion and realisation of $28.4m sales revenue from Easton Rozelle • An additional $0 $0.6m 6m revenue to be realised in FY17 • Construction loan facility repaid in full • The realisation of this project has generated significant cash retu
Slide 18: Rozelle Property Update
For personal use only Rozelle Property Update
Slide 19: Rozelle Property Update
For personal use only Rozelle Property Update 2012 2013 2015 NSW Government & Desane considered the Desane lodged a formal Urban Growth’s Bays opportunity to rezone the Masterplan & Rezoning Precinct Task Force property for mixed use proposal with NSW DPE* identified the Rozelle Rail purposes and th
Slide 20: Rozelle Property Update
For personal use only Rozelle Property Update 31 May 2016 21 July 2016 11 August 2016 23 August 2016 October 2017 NSW DPE* confirmed NSW Government Desane received Desane received a RMS has indicated its support & announced changes to notification from NSW formal property that it intends to momentum
Slide 21: Rozelle Property Update
For personal use only Rozelle Property Update Desane’s Property The Plan identifies “mixed use residential village” as a Artist impression of the parkland planned to cover the existing Rozelle suitable use for the sub precinct – Urbis Final Urban Design Rail Yards, under which a motorway interchange
Slide 22: Outlook: Medium term outlook
For personal use only Outlook Medium term outlook The Group will continue to operate in a “lower for longer” economic environment for the foreseeable future Existing corporate structure will ensure a business model with transparent revenue streams 3.5% annualised net rental growth anticipated
Slide 23: Outlook: Property Investment Program 2017+
For personal use only Outlook Property Investment Program 2017 + Strong focus on property acquisitions where they will meaningfully enhance scale and shareholder returns As property acquisition opportunities arise, the Group is targeting the acquisition of up to $30m of property assets with a disc
Slide 24: Key Focus for FY17 and FY18+
For personal use only Key Focus for FY17 and FY18+ Increase NTA and reward shareholders with continued fully franked dividends Pursue new commercial, industrial and residential opportunities in metropolitan Sydney FY17 FY18+ Ensure maximum value is achieved FY16 New property Finalisation of
Slide 25: For personal use only
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Slide 26: Disclaimer
For personal use only Disclaimer 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
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