Cvc Limited · ASX:CVC
Cvc — Shareholder Meeting (November 2020)
18 slides from Cvc's shareholder meeting presentation, Nov 23, 2020
Slide 1: Annual General Meeting Presentation
rsonal use only ANNUAL GENERAL MEETING PRESENTATION 23 NOVEMBER | 2020 Building Long Term Shareholder Value CVC LIMITED | Annual General Meeting Presentation 23 November, 2020 | 1
Slide 2: Disclaimer
Disclaimer IMPORTANT NOTICE FINANCIAL AMOUNTS This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this rsonal use only 700 361 (CVC). presentation unless s
Slide 3: CVC – Results Summary
CVC – Results Summary 1 JULY 2019 – 30 JUNE 2020 rsonal use only • Net profit after tax of $0.1m (2019: $1.0m) 2020 2019 Segment Contribution $ $ • Net loss after tax attributable to shareholders $2.1m (2019: $2.1m) Direct property investment (1.1m) 16.4m • Reduction in the number of investment stra
Slide 4: CVC – Business Simplification
CVC – Business Simplification 1 JULY 2019 – 30 JUNE 2020 Summary of Business Operations rsonal use only 2020 2019 Segment Investment Allocation • Simplification of CVC’s business activities Direct Property 23.79% 17.60% – Completed review of funds management activities and commenced Property Backed
Slide 5: CVC – Segment Reporting
rsonal use only CVC – Segment Reporting 1 JULY 2019 – 30 JUNE 2020 CVC LIMITED | Annual General Meeting Presentation 23 November, 2020 | 5
Slide 6: CVC – Direct Property Investments
CVC – Direct Property Investments 1 JULY 2019 – 30 JUNE 2020 rsonal use only 2020 Return $62.1m ($1.1m) (2.3%) 16 Invested 2 1 at 30 June 2020 Profit Return No. of Investments Thematic: 2021 Objectives • Seek to add value to property through advancing either: • Complete planning processes of major i
Slide 7: Selected Investments – Retail Development Projects
CVC – Direct Property Investments 1 JULY 2019 – 30 JUNE 2020 Selected Investments – Retail Development Projects rsonal use only Elara Neighbourhood Shopping Centre, Marsden Park, NSW • Contracted to purchase site during FY20 period • 2.5Ha site in Stockland’s Elara Estate • Approval for 8,200sqm nei
Slide 8: Selected Investments – Projects in Planning Approval Processes
CVC – Direct Property Investments 1 JULY 2019 – 30 JUNE 2020 rsonal use only Selected Investments – Projects in Planning Approval Processes East Boundary Road, East Bentleigh, VIC • Purchased in 2015 in partnership with MAKE Property Group • 4.3Ha site in ‘middle ring’ SE Melbourne suburb • Property
Slide 9: Selected Investments – Projects in Planning Approval Processes
CVC – Direct Property Investments 1 JULY 2019 – 30 JUNE 2020 rsonal use only Selected Investments – Projects in Planning Approval Processes Park Road, Marsden Park, NSW • Purchased in 2013 in partnership with Leamac Property Group • CVC ownership 66% • 151Ha site North West Growth Centre • Rezoning
Slide 10: About CVC – Property Backed Lending
About CVC – Property Backed Lending 1 JULY 2019 – 30 JUNE 2020 rsonal use only 2020 Return Invested at 30 June 2020 $124.0m2 Profit $10.9m Return 13.2%1 No. of Investments 22 2021 Objectives • Continue to invest in appropriately structured real estate investments. Cover both senior, mezzanine (where
Slide 11: Selected Property Backed Lending Investments
About CVC – Property Backed Lending 1 JULY 2019 – 30 JUNE 2020 rsonal use only Selected Property Backed Lending Investments Safety Beach, VIC • Registered 1st mortgage investment to provide construction funding for 29 townhouses in beachside suburb on Mornington Peninsula • Owner occupier market wit
Slide 12: About CVC – Funds Management
About CVC – Funds Management 1 JULY 2019 – 30 JUNE 2020 rsonal use only 2020 Return $24.0m $0.5m 1.9%1 4 Invested at 30 June 2020 Profit Return No. of Investments 2021 Objectives • Continue to support our funds management investments and seek further investment of balance sheet into funds created by
Slide 13: About CVC – Funds Management
About CVC – Funds Management 1 JULY 2019 – 30 JUNE 2020 rsonal use only CVC Emerging Companies Fund • Unlisted 5 year closed end fund • Early stage investment focus • Fund size $45m • CVC ownership 22.6% • Manager of fund is 50% owned by CVC Limited • Fund is anticipated to be fully invested by end
Slide 14: About CVC – Equity and Alternative Investments
About CVC – Equity and Alternative Investments 1 JULY 2019 – 30 JUNE 2020 rsonal use only 2020 Return $40.5m ($3.2m) (5.3%1) 21 Invested at 30 June 2020 Profit Return No. of Investments 2021 Objectives • Work to derive value from smaller portfolio of investments • Seek high conviction positions in b
Slide 15: Selected Equity and Alternative Investments
About CVC – Equity and Alternative Investments 1 JULY 2019 – 30 JUNE 2020 rsonal use only Selected Equity and Alternative Investments Cyclopharm Limited • 30 year old ASX listed business specialising in nuclear and respiratory medicine • CVC ownership 8.9% • Entered into final phase of FDA in US for
Slide 16: Year to Date July 2020 – June 2021
Year to Date 1 JULY 2020 – 30 JUNE 2021 rsonal use only A list of key items which relate to the period post 30 June 2020 follows: • Completed internalisation of Eildon Funds Management Limited by Eildon Capital Group, positioning the business as a specialist real estate and investment management bus
Slide 17: CVC Outlook
CVC Outlook 1 JULY 2020 – 30 JUNE 2021 rsonal use only Forecast Performance • Market update provided on ASX platform on 23 October 2020 providing forecast for H1 FY21 of between $10m-$12m net profit after tax; – A component of this forecast profit will be unrealised as it is a result of mark-to-mark
Slide 18: CVC Limited Proxy Results
CVC Limited Proxy Results 1 JULY 2020 – 30 JUNE 2021 rsonal use only Agenda Items Item 2 – Adoption of Remuneration Report Item 5 – Removal of Auditor For Against Abstain Discretion Excluded Total For Against Abstain Discretion Excluded Total 1,355,588 12,245,136 40,349 1,013,646 26,884,929 41,539,6