Cedar Woods Properties Limited · ASX:CWP
Cedar Woods Properties — Bell Potter Foundations Property Conference 2024
15 slides from Cedar Woods Properties's conference presentation, Oct 17, 2024
Slide 1: Bell Potter Foundations Property Conference
Bell Potter Foundations Property Conference 17 October 2024 For personal use only Glenside Apartments, Adelaide
Slide 2: Company Overview
COMPANY OVERVIEW ◼ Property development company with 30 year track record of delivering earnings for shareholders ◼ Portfolio of 40 quality projects & a pipeline of over 10,000 lots/units to support future earnings For personal use only ◼ Strategy of diversification - mix of projects delivering apar
Slide 3: Strategy
Bell Potter Foundations Property Conference – 17.10.24 STRATEGY For personal use only To grow our national project portfolio, diversified by geography, product type & price point, so that it continues to hold Geography Product Type Price Point Good geographic spread Range of housing lots, Wide range
Slide 4: Diversified Portfolio
Bell Potter Foundations Property Conference – 17.10.24 DIVERSIFIED PORTFOLIO Portfolio of 40 quality projects & total pipeline of 10,000+ lots/apartments to support future earnings LOTS IN PORTFOLIO BY LOCATION PRESALES BY For personal use only # lots/homes/offices * SA LOCATION 10% # LOTS * $* 48%
Slide 5: FY24 Summary
Bell Potter Foundations Property Conference – 17.10.24 FY24 SUMMARY NET PRESALE SALES CONTRACTS $40.5m For personal use only $386.3m 1201 lots $559m Lots / homes / offices sold SETTLEMENTS RETURN ON EQUITY 49.2c 25.0c 1140 lots 8.8% Lots / homes / offices settled 5
Slide 6: Partnerships Accelerating Business Scale Up
Bell Potter Foundations Property Conference – 17.10.24 PARTNERSHIPS ACCELERATING BUSINESS SCALE UP ◼ Selected future acquisitions to be undertaken in partnerships in strategic shift ◼ Scale up business & earnings - Partnerships leverage the existing skill base, allow operations to be expanded & furt
Slide 7: Market Conditions
MARKET CONDITIONS For personal use only 7 Bushmead, WA
Slide 8: Sales Volumes
Bell Potter Foundations Property Conference – 17.10.24 SALES VOLUMES ◼ Strong sales momentum continued in the fourth quarter, with net sales for the year up 73% on pcp ◼ QLD, WA & SA performing well; VIC sales remain weak ◼ Presales in hand of $599m at the end of Q4 ($448m pcp), up 25% For personal
Slide 9: Chronic Shortfall of Housing
Bell Potter Foundations Property Conference – 17.10.24 CHRONIC SHORTFALL OF HOUSING Completions as a share of dwelling stock For personal use only Source: Macrobond ◼ Completions as a share of dwelling stock, has declined to an all-time low of 1.54% ◼ Housing supply continues to worsen ◼ Rental hous
Slide 10: Price Growth
Bell Potter Foundations Property Conference – 17.10.24 PRICE GROWTH ◼ The market has experienced strong price growth in most states over FY24 ◼ Price growth has has slowed in FY25, but prices continue to grow ◼ Forecasters are expecting further price growth over coming years due to supply shortfall
Slide 11: Buyer Profiles
Bell Potter Foundations Property Conference – 17.10.24 BUYER PROFILES ◼ Owner occupier & investor loans continued to rise over FY24 & first home buyer representation rose as part of this ◼ Property investors very active due to low vacancy rates & rapidly rising rents ◼ CWP has a distinctly broad bas
Slide 12: Outlook
OUTLOOK For personal use only 21 Rivergums, WA
Slide 13: New Projects to Deliver First Earnings
Bell Potter Foundations Property Conference – 17.10.24 NEW PROJECTS TO DELIVER FIRST EARNINGS 1 1 FY2025 Future years ■ 88 Leveson townhouses, VIC ■ Incontro apartments, WA ■ Clara Place residential land, VIC ■ Subiaco Depot apartments, WA2 For personal use only ■ Greville townhouses, QLD ■ Southban
Slide 14: Outlook
Bell Potter Foundations Property Conference – 17.10.24 OUTLOOK ◼ Favourable conditions for the sector (excl. VIC): REVENUE & PRESALES $m low supply, low rental vacancy, strong 400 population growth, low unemployment, dwelling For personal use only price growth 350 ◼ Presales of $559 million at 30 Ju
Slide 15: For personal use only
For personal use only While every effort is made to provide complete and accurate information, Cedar Woods Properties Limited does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by
Cedar Woods Properties — Bell Potter Foundations Property Conference 2024 on 6ix