Aspen Group Limited · ASX:APZ
Aspen — Shareholder Meeting (October 2013)
10 slides from Aspen's shareholder meeting presentation, Oct 23, 2013
Slide 1: Aspen Group Annual General Meeting Investor Presentation
For personal use only ASPEN GROUP ANNUAL GENERAL MEETING 23 October 2013 Investor Presentation 1
Slide 2: FY13 - a year of change
FY13 - a year of change Clear path of business simplification and focus For personal use only Progress achieved on strategic initiatives: - Gearing reduced to 40%, debt pay-downs achieved, debt extended to August 2015 - Non-core asset disposals of $203 million - FY13 earnings of 2.0 cents per shar
Slide 3: FY13 financial results
FY13 financial results For personal use only 2013 2012 $m $m Total Revenue 46.8 35.1 Operating expenses (13.7) (13.1) Financial expenses (9.7) (9.6) Core Operating Profit after Tax 23.4 12.4 Non Core operating profit (7.0) 20.9 Total Operating Profit 16.4 33.3 Total statutory adjustments (including
Slide 4: Aspen's business lines
Aspen’s 3 business lines FY13 Performance - Key Points For personal use only Core business “Non-Core Assets “ Accommodation Commercial Property Assets held for sale Aspen Karratha Village 4 office and industrial Aspen Living residential syndicates Aspen Parks Property Fund properties Man
Slide 5: Accommodation Sector
Accommodation Sector Why the focus on this sector For personal use only Strong industry characteristics Good market leadership position Aspen Karratha Village 180 room transient worker (“FIFO”) accommodation facility Management focus on re-leasing Aspen Parks Property Fund 23 parks within
Slide 6: Aspen Parks Property Fund Case Study - Perth Vineyards new cabin precinct
Aspen Parks Property Fund Case Study - Perth Vineyards new cabin precinct For personal use only 6
Slide 7: Progress on non-core asset sales
Progress on non-core asset sales Recent contracted sales of Fern Bay Seaside Village and Byford continue momentum of non-core asset sales For personal use only Balance sheet assets held for sale Aspen Living Wallamba River, NSW Fern Bay Seaside Village, NSW (45%) McLears Hill, VIC St Leona
Slide 8: First Quarter FY14 update
First Quarter FY14 update Priorities in strategy to restore value For personal use only Disposal of commercial • Public sales process for three properties commenced property portfolio • Closes 7 November 2013 Continue non-core asset • $42.7 million of new contracts secured since 1 July 2013 divestme
Slide 9: Aspen
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Slide 10: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Aspen Group (“Aspen”) and should not be considered in any way to be an offer, invitation, solicitation or recommendation with respect to the subscription for, purchase or sale of any security, and neither this document nor anyth