Desane Group Holdings Ltd · ASX:DGH
Desane — H1 FY2024 Earnings Presentation
14 slides from Desane's earnings presentation, Feb 26, 2024
Slide 1: HY24 Results Presentation
HY24 Results Presentation February 2024
Slide 2: Acknowledgement of Country
Acknowledgement of Country Desane acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners and Custodians of the lands and waters of Australia, and we offer our respect to their Elders past, present and emerging. Artwork by Rashmisingh
Slide 3: Disclaimer
Disclaimer This presentation paper has been published for information purposes only. The information contained in this presentation paper is of a general purpose nature and does not constitute financial product advice. It has been prepared without taking into account any reader's financial position or
Slide 4: HY24 Results Snapshot
HY24 Results Snapshot NPAT EPS EBIT $2.2m 5.36c $3.6m TOTAL NTA ASSETS per share $104.9m $1.64 All figures based on 31 December 2023 Half Year audited financial report.
Slide 5: Capital & Balance Sheet Position
Capital & Balance Sheet Position Gearing* remains stable at 40% Financial assets performing well - generating circa 7.0% pa interest revenue for the Group in FY24 Ample capacity to deploy existing cash, debt or capital initiatives, to secure additional property acquisitions * Gearing of total liabil
Slide 6: HY24 Balance Sheet Summary
HY24 Balance Sheet As at 31 Dec 2023 Summary Assets Cash and financial assets $12.9m Property portfolio $91.4m Other assets $0.6m TOTAL ASSETS $104.9m Liabilities Interest bearing loans $13.9m Deferred tax & other liabilities $20.6m Uplift of 6% in Group total assets to $104.9m for the six months Oth
Slide 7: HY24 Profit & Loss Summary
HY24 Profit & Loss 6 months ending 31 Dec 2023 Summary Property Income $1.1m Interest Income $0.4m Property Revaluations (net gain) $3.4m All other income $0.1m TOTAL REVENUE $5.0m Expenses ($1.5m) Interest and borrowing costs ($0.4m) Deferred tax ($0.9m) EBIT $3.6m NPAT $2.2m EPS 5.36c
Slide 8: Investments & Properties
Investments & Properties
Slide 9: Property & Investment Summary
Investment Value Property Borrowings Strategy as at 31 Size Dec 23 Re-deploy into the construction of the Penrith Central Cash & financial $13.0m N/A N/A Industrial estate and acquisitions of property assets assets Sub-divide property into two lots. 91 Thornton Drive $13.5m 11,650 m2 unencumbered Lot
Slide 10: Property Portfolio
Property Portfolio Portfolio Summary HY24 Portfolio total value $91.3m NSW properties $75.3m QLD property $16.0m Total site/land area 41,554 m2 Portfolio acquisition provides scope for growth 9% uplift in investment property holdings for the six months 25% uplift in property rental income over the p
Slide 11: Re-stocking Continues
Re-stocking Continues Acquisition of 436 m2 freestanding E1 Zoned (Local Centre) property at 35 Norton Street, Leichhardt for $3.5m. Acquisition is part of the Group’s investment property re-stocking (as part of the CGT rollover deferral) and will bolster future revenue streams and provide developme
Slide 12: Penrith Central Industrial Estate Development
Penrith Central Industrial Estate Development The 2024 and 2025 financial years will present an Management has engaged a design and construct opportunity for Desane to progress the builder to scope and design the subdivision of the development of the 11,650 m2 Thornton Estate property into two separa
Slide 13: 2024 & Beyond
Desane will continue to focus on its 3 main objectives: 2024 & Beyond Strategic investment acquisitions which will bolster ROE and rental income streams Desane is a diverse property group listed Evaluate its development pipeline, with an eye to on the ASX with extensive experience in achieving maxim
Slide 14: Questions?
Questions? Reach out anytime E: info@desane.com.au P: 02 9555 9922 W:https://www.desane.com.au/ CREDITS: This presentation template was created by Slidesgo, and includes icons by Flaticon, and infographics & images by Freepik
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