Finbar Group Limited · ASX:FRI
Finbar — Investor Presentation (April 2018)
52 slides from Finbar's investor presentation, Apr 13, 2018
Slide 1: Finbar Group Limited - Company Presentation & Project Update
6 April 2018 Finbar Group Limited - Company Presentation & Project Update
Slide 2: Agenda
Agenda = finbar < About Finbar Page 03 S Development Update Page 16 @ Completed Projects with Stock For Sale Page 18 - Projects Under Construction Page 23 ©) Projects in Marketing Page 28 ” Development Approvals Received Page 34 iD) In Planning and Design Page 39 (or w Sales Activity Page 49
Slide 3: About Finbar
For personal use only ’ Agenda Page Title 3
Slide 4: About Finbar
For personal use only Agenda Page Title 4
Slide 5: Units Completed
Units Completed use only For personal Year 5
Slide 6: FRI - Snapshot April 2018
FRI - Snapshot 5 April 2018 Shares: Share Price: $0.98 NTA: $0.90 52 Week High/Low: $0.76 - $1.10 Market Cap: $226.7 million Shares Issued: 231.3 million Options Outstanding: Nil Shareholders: 2,362 ross finbar Other: Staff: 18 Completed Projects with Stock For-Sale: $142.1 million Projects Under Co
Slide 7: Executive Management
Executive Management An experienced management team with long term view and commitment to the business Mr John Chan - Executive Chairman (BSc, MBA, MAICD) Mr Darren John Pateman - Managing Director (EMBA, GradDipACG, ACSA, AGIA, MAICD, AFAIM) Mr Ronald Chan - Executive Director and Chief Operations
Slide 8: Finbar's Market Share of Active Projects in WA
Finbar’ s Market Share of Active Projects (in units) in WA 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Finbar Edge Visionary Living Frasers Property Australia Blackburne Property Group Mirvac Match Fragran Group ce Psaros Far East Consortium Source: Urbis Apartment Essentials Q4 2017
Slide 9: Finbar's Market Share of Units in WA Under Construction
Finbar’ s Market Share of Units in WA Under Construction 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% Finbar Fragance Group Far East Consortium Stirling Capital Blackburne Edge Visionary Living Mirvac Psaros Norup + Defence Wilsion Housing Source: Urbis Apartment Essentials Q4 2017
Slide 10: Net Profit
Net Profit > 21 consecutive years of profitability. > FY18 Guidance: “full year results to substantially exceed 2017” ros finbar developing better Hester NPAT FY11 10
Slide 11: Operating Profits and Revaluations on Investment Properties
Operating Profits and Revaluations on Investment rm 34 Properties finbar < o) és0 5 a $40 = 7 $30 © = « $20 (©) a Cp) $10 | @ i i, os a FY10 FY FY12 FY13 FY14 FVIg i | HY18 — -$10 ©) LL -$20 Operating Profit ™Revaluations Source: Finbar Group Ltd i
Slide 12: For personal use only
For personal use only ➢ ➢ ➢ ’ ➢ ➢ ➢ 12
Slide 13: Dividend History
Dividend History > Fully franked interim dividend of $0.03 per share » 20 consecutive years of franked dividends > $51m in retained earnings ° ix} -) Cents per share Retained = Final = lInterim
Slide 14: Cash Position
Cash Position > Half year cash position of $35.2m. > Committed to working capital requirements and equity contributions for project commencements. > No debt on residual stock with settlement cashflow to bolster working capital for redeployment into construction commencement activity and future pipel
Slide 15: Debt repaid FY18
For personal use only ➢ ➢ ➢ ➢ ➢ ➢ REPAID FY18 $102m REPAID FY18 15
Slide 16: Development Update
For personal use only Agenda Page Title 16
Slide 17: Development Update
For personal use only Agenda Page Title 17
Slide 18: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 18
Slide 19: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 19
Slide 20: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ ’ 20
Slide 21: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 21
Slide 22: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 22
Slide 23: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 23
Slide 24: Completed Unsold Stock
Completed Unsold Stock rots nbar From 1 July 2017 to 31 March 2018: a $160 - Reduced completed stock by 49.0%. & $140 Total Unsold Completed Stock: = - $72.5m $120 - Aire and Aurelia completed stock added at completion for April 2018 $100 $80 $60 | l [ | | gag | Finbar Proportion of Unsold Completed
Slide 25: Projects Under Construction
For personal use only Agenda Page Title 25
Slide 26: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 26
Slide 27: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 27
Slide 28: Projects in Marketing
For personal use only Agenda Page Title 28
Slide 29: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 29
Slide 30: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 30
Slide 31: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 31
Slide 32: Off-the-Plan Unsold Stock Being Marketed
: From 30 June 2017 to 31 March 2018: mas Off-the-Plan Unsold Stock Being Marketed - Launched Palmyra East, Sabina and Circa. nbar Total Unsold Off-the-Plan Stock: rDal - $361.8m “ - Aire & Aurelia works are now completed and to be moved to completed stock for April 2018. uw $450 c = $400 = $250 $30
Slide 33: Residential Pre-sales Contracts Activity
Residential Pre-sales Contracts Activity was inDar $600 St Marks & Pelago € Aaa $500 Motive Concerto $400 — Civic Redesign $300 $326.5 IN ACCRUED PRE-SALES sv so so A a oD so so se se A sf SK TK KK KK KK KL KK CK KT LK —$m / | Project Completions & Settlements fl Civic Redesign Source: Finbar Group
Slide 34: Development Approvals Received
For personal use only Agenda Page Title 34
Slide 35: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 35
Slide 36: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 36
Slide 37: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 37
Slide 38: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 38
Slide 39: In Planning and Design
For personal use only Agenda Page Title 39
Slide 40: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 40
Slide 41: Mends Street, South Perth
1 Mends Street (continuing) 1 Mends Street, South Perth Proposed scheme amendment - massing diagram 41
Slide 42: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 42
Slide 43: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 43
Slide 44: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 44
Slide 45: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 45
Slide 46: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 46
Slide 47: For personal use only
For personal use only ▪ ▪ ▪ ▪ ▪ 47
Slide 48: Project Pipeline - Summary
Project Pipeline - Summary fi b. inDar .& RR ENC ERC & we oy <4 x? OS > SN & os ne << ye s Y es ee a Ss < Po we < es w 3 aS < 3 we s & s Ss ¥ G & os AP RE Pa NS eh FM OS Ss “ as ss a ~S s RSC rs & Ro Q 2 & S ww os & od gS oe SS SS & Sw * Ff SN ) oe Vv Remaining Stock Value $m = ™ Sold Stock Value $m
Slide 49: Sales Activity
For personal use only Agenda Page Title 49
Slide 50: Residential Sales Contracts Activity
Residential Sales Contracts Activity ros finbar $100 | Aurelia 120 > 348 sales worth $180.7m in financial year to 31 March 2018 $90 Reva being average of 1.27 sales / Aire t - 100 $0.66m per day average. $80 Palmyra $70 East 7 d Vue \\ q Sabina + 80 $60 h\ Tower sie [\\ $40 $30 N\ | ~\ $20 VAS WZ e$
Slide 51: Third Quarter of FY18 Highlights
Third Quarter of FY18 Highlights Finbar achieved $64.7 million in sales during the third quarter of FY18, representing a64.3% increase from third quarter of FY17. Debt facilities on all completed stock have been retired to 31 March 2018, the retail value of $72.5 million in debt free completed stock
Slide 52: For personal use only
For personal use only ‘ ’ ‘ ’ ‘ ’ ‘ ’ ‘ ’ ‘ ’ ‘ ’ ‘ ’ ‘ ’ ’ 52