Desane Group Holdings Ltd · ASX:DGH
Desane — Shareholder Meeting (November 2014)
33 slides from Desane's shareholder meeting presentation, Nov 7, 2014
Slide 1: Annual General Meeting 7 November 2014
For personal use only Annual General Meeting 7 November 2014
Slide 2: Chairman's Address
annual general meeting For personal use only chairman’s address prof john sheehan
Slide 3: Shareholder Resolutions
shareholder resolutions For personal use only
Slide 4: Shareholder Resolutions
shareholder resolutions to lay before the 2014 annual general meeting: For personal use only 1. to receive and adopt the financial report for FY14 2. to declare a final dividend of two (2) cents per share fully franked 3. to re-elect mr john bartholomew as a non-executive director of the company 4.
Slide 5: Presentation & Company Highlights
annual general meeting For personal use only phil montrone managing director & CEO presentation & company highlights
Slide 6: Profit
profit For personal use only pre tax profit up 54.1% to net profit after tax (NPAT) steady at $1.96 $1.24 million million
Slide 7: Growth in all key measures
growth in all key measures For personal use only gross revenue 1) $4.4 EBIT up $2.9 up 20% million 27% to million to 84.5 cents per share total assets up 10.3% to NTA up 1% to $52.1 million 1) gross revenue includes operational revenues plus revaluations
Slide 8: Growth in EPS & DPS
growth in EPS & DPS For personal use only full year earnings (EPS) 4.1 cents dividend 4 cents per per share (DPS) up share steady at….. 300% to….
Slide 9: FY14 dividend
FY14 dividend For personal use only “special” fully franked interim dividend of dividend represents a 2 cents 4.9% return on per share total FY14 equity dividend, fully franked of 4 cents 100% franking on fully franked per share dividend distributions FY14 with further final franking available in th
Slide 10: Financial strength
financial strength For personal use only net interest cover FY14 earnings 3.0 times net interest cost net interest cover FY15 expected to increase to 3.9 times finance costs reduced by 7.0% year on year balance sheet strong with cash at bank of $2.4 million
Slide 11: Share price valuation
share price valuation DGH share price v ASX200 A-REIT Index Source: Commsec October 2014 For personal use only 72.8% increase in share price from FY13 future share price upside market cap with forecast at EPS growth and dividend $24.0m stability at $0.80 – trading at represents 6.5% “fair value” dis
Slide 12: FY15 guidance
FY15 guidance For personal use only REVENUE NPAT NTA 10% 47% 9% growth growth growth to $0.92 per share full year final dividend for FY15 profit from residential continued strong balance sheet forecast at 4 cents per share development EASTON will be and forecast EPS growth recognized on settlement i
Slide 13: Industrial
For personal use only industrial
Slide 14: Operations
For personal use only operations
Slide 15: Operations
For personal use only operations
Slide 16: Operations
operations For personal use only the asset offers the following characteristics: • a 6,000m2 100% leased office/warehouse facility reflecting a WALE of approximately 1.8 years by income providing medium term cash flow • strong tenancy profile featuring major tenant, staging connections • well locate
Slide 17: Operations
operations For personal use only the asset offers the following characteristics: • a 6,000m2 100% leased office/warehouse facility reflecting a WALE of approximately 3.2 years by income providing medium term cash flow • strong tenancy profile featuring major tenants, pentel australia, morpho, optime
Slide 18: Operations
operations For personal use only the asset offers the following characteristics: • a 3,000m2 100% leased prime warehouse facility reflecting a WALE of approximately 3.1 years by income providing medium term cash flow • strong tenancy profile featuring major tenants signature orthopaedics and novis h
Slide 19: Operations
operations For personal use only the asset offers the following characteristics: • a 2,000m2 100% leased prime warehouse facility reflecting a WALE of approximately 4.7 years by income providing medium term cash flow • strong tenancy profile featuring major tenants, lizard children’s centre and hma
Slide 20: Sydney industrial market update
sydney industrial market update For personal use only prime industrial yields typically lack of speculative industrial range between 7.5% and 8% to lane cove in particular, presents development, as well as rezoning June 2014. Recent sales a quality location for investment of industrial land to resid
Slide 21: Investments
For personal use only investments
Slide 22: Investments: 316-332 Burns Bay Road, Lane Cove
investments 316-332 burns bay road, lane cove For personal use only completion of the sale of the agreed sale price was desane’s 50% share from this property to an $36.0m plus an additional this transaction will yield australian investment non refundable call option approximately $8.0m net company o
Slide 23: Residential
For personal use only residential
Slide 24: Planning proposal: 68-72 Lilyfield Road, Rozelle
planning proposal 68-72 lilyfield road, rozelle For personal use only the site is one of only two early thinking with regard master planning is large privately held to the land use currently being undertaken properties in the proposed arrangement and broad over the “bays precinct” urban growth maste
Slide 25: Process & strategy
process & strategy 68-72 lilyfield road, rozelle For personal use only the planning proposal the site sits within the would be for a mixed use desane has engaged the rozelle rail yards sub development, providing following planning precinct with broad recreation, commercial and consultants to prepare
Slide 26: EASTON
For personal use only easton E
Slide 27: Developments: 47-51 Lilyfield Road, Rozelle
developments 47-51 lilyfield road, rozelle For personal use only EASTON is a 29 apartment residential development, launched with CBRE in June 2014 pre-sales have de-risked the project, with 83% of apartments having been sold off the plan desane has been able to take advantage of the strong residenti
Slide 28: Developments: construction and margin
developments 47-51 lilyfield road, rozelle For personal use only construction is underway and is expected to be completed by september 2015 100% of profit will be recognized on settlement (FY16) the development is forecast to achieve a 38% net development margin (return on cost)
Slide 29: Sales update
sales update 47-51 lilyfield road, rozelle For personal use only PROJECT STATUS TO DATE sales completed to sales forecast on No. of Apartments $ Value date completion Exchanged unconditionally 23 $20,692,500 Value of Gross Sales $21,667,500 $ 27,567,500 Contracts issued for 1 $975,000 exchange Numbe
Slide 30: Sydney residential apartment update
sydney residential apartment update For personal use only low interest rates net housing shortage employment and as a result of complex population growth planning laws and are driving competition for demand. some skilled labour weakness in resulting in a shortfall of new dwelling sectors of the appr
Slide 31: Future prospects
For personal use only future prospects PROPERTIES CAPITAL maximise MANAGEMENT performance from continue to reduce the property finance costs on the portfolio through back of low rental growth and expected interest tenant retention rates ACQUISITIONS utilise increased borrowing headroom to focus on p
Slide 32: Annual General Meeting 2014 Questions
annual general meeting 2014 For personal use only questions
Slide 33: Disclaimer
disclaimer For personal use only Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Desane’s current expectations, estimates and projections about the industry in which Desane operates, and it
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