2017 2017 SHAREHOLDER HOLDER MEETING 7 JULY ARVIDA GROUP LIMITED - PowerPoint PPT Presentation

2017 2017 SHAREHOLDER HOLDER MEETING 7 JULY ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017

CEO’S REVIEW ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 2

STRATEGY RATEGY UPD PDATE ATE Core Operations The Attitude of Living Well Development Acquisition Brownfield & Stated criteria Greenfield ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 3

OVE VERVI RVIEW EW OF OPE PERA RATIONS TIONS  Excellent result from our first resident survey  Integration of the household model:  Multi-faceted approach bringing together philosophies of eating well, moving well, thinking well, resting well and engaging well  To create an environment that feels like home  Initiatives will continue to take a needs-based focus  Equal pay settlement announced:  Excellent outcome for caregivers  Impact neutral to earnings but positive to retention rates ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 4

STRONG RONG FINANCI INANCIAL AL PE PERFOR FORMANC MANCE  Strong FY2017 result well above FY2016 on all measures  27% accretion in Underlying Profit per share  Lift in care occupancy to 95%  Total of 166 resales and 32 sales of new units completed in period:  Prices have continued to firm across villages  Low levels of vacant stock  Strong operating cash flow reflects high care component ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 5

STRATEGY RATEGY DELI LIVERS VERS UPL PLIFT IFT Movements in Underlying Profit 1 $ million 1. Underlying Profit is a non-GAAP (unaudited) measure and differs from NZ IFRS net profit after tax by replacing the unrealised fair value adjustment in property values with the Board’s estimate of realised components of movements in investment property value and to eliminate deferred tax and one -off items. ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 6

INCR CREASED EASED ASSET SET BASE SE  Investment property increased 92% or $274m:  $215m of investment property purchased as part of village acquisitions in FY2017  Average price per unit increased 32% due to acquisition of higher value units and unit repricing strategy  $153 million of embedded value:  Strong growth since IPO enhanced by acquisition strategy  Gearing remains conservative with headroom to undertake development programme ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 7

5 ACQUISITI QUISITIONS ONS ADDED DDED 600 00+ UNITS ITS Copper Crest Cascades Lauriston Park Bethlehem Views Lansdowne Park ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 8

900 00+ UNITS NITS IN DEVE VELOPMENT LOPMENT PI PIPELINE PELINE CARE ILUs TOTAL NEEDS % CURRENT 1,446 1,301 2,747 74% Development in 36 226 262 49% progress Future 120 285 405 100% development Greenfield 40 200 240 33% development Total 196 711 907 68% development ON COMPLETION 1,642 2,012 3,654 73% ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 9

PA PARK RK LA LANE E – CHRIS RISTCHUR TCHURCH  Stage 1: 28 SAs  Stage 2: 52 SAs  Stage 3: Fitness centre, shops, café and creche  Variety of common areas ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 10

USE OF INNOVA NNOVATIVE TIVE MATER TERIALS IALS  Cross laminated timber  Seismic integrity  Visually warm  Thermal performance ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 11

PA PARK RK LA LANE ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 12

GR GREENFIELD ENFIELD DEVELOPMENT VELOPMENT SITE TE Design Concept, Richmond ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 13

DIVI VIDEND DENDS 4 th Quarter FY2017 Total Net FY2017 Dividend Dividend 1.15 cps 4.45 cps Imputed at 0.4 cps 5% up on last year Increase sustainable 62% of Underlying Profit  Momentum in revenue and earnings continuing  Fundamentals continue to underpin sector outlook ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 14

PE PERFORM FORMANCE NCE UPD PDATE ATE 150 140 Total shareholder return 130 120 110 100 90 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Arvida NZ50G Source: IRESS ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 15

TH THAN ANK K YO YOU ARVIDA GROUP LIMITED Annual Shareholder Meeting 7 July 2017 16