Eureka Group Holdings Limited · ASX:EGH
Eureka — Shareholder Meeting (November 2021)
17 slides from Eureka's shareholder meeting presentation, Nov 5, 2021
Slide 1: 2021 Annual General Meeting – Chairman's Address
Eureka Group Holdings Limited | ABN 15 097 241 159 P 07 5568 0205 F 07 5302 6605 E info@eurekagroupholdings.com.au www.eurekagroupholdings.com.au PO BOX 10819, SOUTHPORT BC QLD 4215 GROUP HOLDINGS LIMITED Suite 2D, Level 2, 7 Short Street, Southport Q 4215 ASX Announcement 5 November 2021 2021 Annua
Slide 2: Chairman's Address
Chairman’s Address 2021 Annual General Meeting of Eureka Group Holdings Limited (ACN 097 241 159) 5 November 2021 Good morning, Ladies and Gentlemen. My name is Murray Boyte. I am the Executive Chairman of Eureka Group Holdings Limited (Eureka). It is my pleasure to welcome you to Eureka’s virtual A
Slide 3: Portfolio Highlights and FY22 Update
Eureka’s Dividend Reinvestment Plan (DRP) was established during the year as a capital management initiative and was active for both of the above dividends. The DRP participation rate was very strong. The issue of shares under the DRP was also fully underwritten by Taylor Collison Limited stockbroke
Slide 4: Capital recycling
Capital recycling The final 31 units at Terranora, New South Wales were disposed of during the year for $6.02 million. This completed the sale of the 60 strata titled units of this legacy asset generating gross proceeds of $12.9 million. The 4.8 hectare parcel of land adjacent to the site is listed
Slide 5: Further assets identified for recycling and acquisition pipeline
Further assets have been identified for recycling and a pipeline of acquisitions and greenfield development opportunities have been identified to underpin an earnings accretive scaling of the business. Directors and Staff Eureka’s board and management have undertaken a comprehensive review of human
Slide 6: 2021 Annual General Meeting
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Slide 7: Meeting Overview
Meeting Overview Agenda Procedural Matters • Chairman’s address • Questions: You can ask questions via telephone or online. • Formal items of business We encourage shareholders to submit online questions early in the meeting. • Voting: Once shareholders have registered to vote you can vote at any ti
Slide 8: Chairman's Address
Chairman’s Address Murray Boyte – Executive Chairman 3
Slide 9: FY2021 Financial Results
FY2021 Financial Results UNDERLYING EBITDA 1 NET DEBT 1 “Growth in core operations.” $10.57M $55.28M $3.26M 21% PROFIT AFTER TAX NET OPERATING CASH FLOW BALANCE SHEET GEARING 1 $6.28M $7.85M 37.8% $8.10M [FY20] 13% ADJUSTED FOR FY20 GST REFUND 37.7% [FY20] EARNINGS DIVIDENDS NET TANGIBLE ASSETS TOTA
Slide 10: Village Locations
Village Locations 2,250 UNITS UNDER MANAGEMENT 41 VILLAGES 33 OWNED 8 UNDER MANAGEMENT at 5 November 2021 5
Slide 11: Portfolio Highlights & Update
Portfolio Highlights & Update ACQUISITIONS “Active portfolio SUSTAINABLE OCCUPANCY 98% VILLAGES management.” FROM 95% • Earlville QLD: +70 units • Hervey Bay QLD: +53 units • Brassall QLD: +59 units DEVELOPMENTS CAPITAL RECYCLING MANAGEMENT & LETTING RIGHTS VILLAGE EXPANSION • $6.0m from Terranora N
Slide 12: Environmental, Social & Governance
Environmental, Social & Governance ESG Environmental Corporate Social Governance Responsibility Solar energy Resident First Ethical business practices One team Water recycling Risk management systems Community engagement Waste management Safety & compliance Dedicated dog parks Community gardens The
Slide 13: FY2022 Outlook & Priorities
FY2022 Outlook & Priorities FY22 UNDERLYING EBITDA1 FORECAST FY22 PRIORITIES • $11.5M - $11.8M • Growth – pursue and deliver further acquisition and Prior to asset revaluations, further acquisition opportunities development opportunities to continue to scale the and non-recurring items business • In
Slide 14: Operating Platform
Operating Platform Five Pillar Operating Platform - FY2021 Update Occupancy, Team Culture Safety, Risk Information Applications Revenue + Engagement & Engagement Systems & Cost Initiatives & Technology • Resident First • Redefined roles • Regular review of • Improve and • Digital marketing culture is
Slide 15: Definitions
Definitions Balance sheet gearing • Calculated as net debt (being interest-bearing drawn debt net of cash) divided by net debt plus equity EBITDA (Earnings before interest, tax, depreciation and amortisation) • An unaudited non-IFRS measure. The Directors believe it is a readily calculated measure t
Slide 16: Disclaimer
Disclaimer No responsibility for contents of presentation To the maximum extent permitted by law, Eureka Group Holdings Limited (ABN 15 097 241 159) its officers, advisers and representatives: • make no representation, warranty or undertaking, and accept no responsibility or liability, express or im
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