Cvc Limited · ASX:CVC
Cvc — Shareholder Meeting (November 2017)
13 slides from Cvc's shareholder meeting presentation, Nov 27, 2017
Slide 1: 2017 Annual General Meeting Presentation
FOF 0¢rSORehUSeson\ 2017 Annual General Meeting PRESENTATION AAC EHBREHOLDERS eo] November 2017 & CVC Limited
Slide 2: Group Highlights
Group Highlights [ 1 JULY 2016 - 30 JUNE 2017 | $3.00 $2.50 $2.00 $1.50 $1.00 i rr ~ = O 2010 2011 2012 2013 2014 2015 2016 2017 = Share Price ™ Cumulative Dividends Paid For personal use only 2017 Annual General Meeting
Slide 3: Group Highlights
Group Highlights [ 1 JULY 2016 - 30 JUNE 2017 | $2.50 $2.00 $1.50 2010 2011 2012 2013 2014 2015 2016 2017 l=" Accounting NTA * Reval of Development Property* <== Share Price * The total after tax increase in NTA if development properties were revalued on an “as-is” basis without development approval
Slide 4: Highlights for the Year Include
For personal use only HIGHLIGHTS FOR THE YEAR INCLUDE: • Profit after tax to shareholders of $27.5 million (2016: $13.8m) • Dividends paid of 20 cents per share (2016: 8 cents) • Cash holdings in excess of $42 million (2016: $21m) • Successful capital raising and ASX listing of CVC’s property vehicl
Slide 5: Operational Structure
For personal use only OPERATIONAL STRUCTURE: Strategic Listed Investments Direct Property Mature Private Equity Early Stage Private Equity Funds Management
Slide 6: Key Highlights Year to Date
For personal use only KEY HIGHLIGHTS YEAR TO DATE: • Two property development projects being completed > $5 M profit YTD • South Pack Laboratories acquired by Probiotec (partial script) > $2 M profit YTD • Eildon Capital Limited has commitments for $15 M in the capital raising (including CVC Limited
Slide 7: Strategic Listed Investments
For personal use only • Diverse range of holdings, from short term positions to long perm positions • During the year Management actively worked on the investment of undervalued Lantern Hotel Group which over a four year term generated an internal rate of return of 55% per annum • Continue to focus
Slide 8: Early Stage Private Equity
For personal use only • Early stage portfolio meaningfully contributed to performance during the year • Afterpay Touch Group Ltd was a significant performer, achieving a 10 fold return on invested capital over a 24 month period • Add+Venture investment platform launched providing exposure for invest
Slide 9: Key Property Highlights
For personal use only KEY PROPERTY HIGHLIGHTS: • Completion and on-sale of Yarrabilba Family Medical Centre development • Caltex Caboolture - Commencement of construction of Caltex Highway Travel Centre in Caboolture, QLD. Anticipated completion date April 2018 - Contracted pre-sale of asset to Calt
Slide 10: CVC Limited — Property
CVC Limited — Property [ 1 JULY 2016 - 30 JUNE 2017 | ; aS Edimonton'~ Residential Development ~~ Manoora ~ Residential Development. _. & Rockhampton sidential Development | Rockhampton , Lae Greater Brisbane Mooloolaba Wharf Commercial i“! : 4 Leassholding & Development 3 is Sunshine Coast Cabooltu
Slide 11: Property Case Study – Marsden Park
For personal use only PROPERTY CASE STUDY – MARSDEN PARK OUTCOME • Rezoning is forecast to occur mid 2018 VALUE ADD OPPORTUNITY • Independent valuation of the site “as is” • The land was successfully brought into an indicate substantial valuation increase with • Off-market purchase of 154 Ha in Mars
Slide 12: Property Case Study - Donnybrook
For personal use only PROPERTY CASE STUDY - DONNYBROOK OUTCOME • The joint venture sold approximately 35% of VALUE ADD the developable area to a private developer OPPORTUNITY • The land was designated for residential and subject to rezoning at an attractive price • Off-market purchase of a 206 Ha la
Slide 13: Property Case Study - Caboolture
For personal use only PROPERTY CASE STUDY - CABOOLTURE OUTCOME • Sold the Travel Centre June 2017 at a strong VALUE ADD price (sub 6% yield) OPPORTUNITY • Obtained DA to construct a Highway Travel • The balance of the site has been independently • Off-market acquisition of a 15 Ha stalled Centre on