CVC LIMITED — AGM Information 2006

Nov 26, 2006

Annual General Meeting Monday 27 November 2006

Agenda

• Financial Year 2006 Highlights 羉
• Highlights Since June 2006 丝
• Platform For Growth 丝
• Summary 羉

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Company Snapshot

EVC Limited

ASX Code QVC	Shares on issue SWEIZIN
\$197 m (based on Market Cap \$1.69 share price)	Dividend m.
2006 Net Profit After Tax \$23.3m	100% Franking
2006 Earnings Per Share MS 70	\$1.43 Balance sheet - Net Assets (June 30, 2006)
No. of shareholders 650	\$1.73 Balance sheet - Net Assets (November 24, 2006)

1989 - Johann Stoff, fransk politiker (d. 1989)

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Financial Highlights

Year to June	2003	2004	2005	2006
NPAT	\$5.04m	\$10.1m	\$24.6m	\$23.3m
Share price	72c	\$1.05	\$1.50	\$1.69
EPS	4.6c	9.4c	25.4c	18.7c
DPS	2.0 c	3.0 c	5.0c	6.0c
P/E	15.7x	14.9x	5.7x	9.0x
Yield	2.89%	2.9%	3.3%	3.5%
Franking	100%	100%	100%	100%
	1 Year	3 Year	5 Year
$Returns^1$ (pa)	7.85%	15.57%	20.99%

¹ from ASX listed market performance table to September 30 2006

2006 Financial Highlights

Arve Limited

• Profit before tax \$30.3 M
• Stargames profit \$16.4 M 翪
• Annual dividend 6 cents fully franked (3 cents interim and final) 鑿
• Share Buy-back $-11.5$ M shares at cost of \$15.5 M (ave cost \$1.35) 鐖
• Increase in value of listed investments \$10.2 M
• Acquisition of CVC Property Managers as base for CVC Property Fund 鐖
• Continued development of Private Equity portfolio 鐖
• Acquisition of stakes in Cellnet, Trinity, Tri-Origin

5

Financial Highlights since June 30, 2006

• \$44.7 M pre-tax increase in value of listed shares post tax \$31.4 M (25.8) 鑿 cents per share) as at November 24, 2006
• Successful IPO of Probiotec at 15% premium to IPO price crystalising profit of approx \$2.5 M
• Acquisition of two further properties at Shepparton and Geelong for further development as Bulky Goods sites (total acquisition cost approx \$8 M)
• Continued development of private equity portfolio 謬

Post June 30, 2006 Increase In Value Of Listed Investments

By CVC Limited

				Pre-Tax		Posterax
Najor Investments	Novat Shares	Sine Price at 30 1me	Share Price at 24 Nov	Increase in market value	Impact on NTA GPS	Increase in market value	Impact on NITA CES
Sunland (SDG)	34 m	\$2.18	\$3.17	\$33.6 M	27.2c	\$23.5 M	19.1c
Greens (GFD)	15.9 m	\$0.62	\$0.78	\$2.5 M	2.2c	\$1.8 M	1.5c
Cellnet (CLT)	10.5 m	\$1.14	\$1.49	\$3.5 M	3.0c	\$2.5 M	2.1c
Trinity (TCQ)	4.7 m	\$1.31	\$1.75	\$2.1 M	1.8c	\$1.5 M	1.3c
Tri Origin (TRO)	3.8 m	\$0.24	\$1.02	\$3.0 M	2.6c	\$2.1 M	1.8c
				\$44.7 M	36.8c	\$31.4 M	25.8c

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Building on the Base

Property Related Investments Fern Bay Seaside Village

—————————————————————————————————————— RNBA

seasidevillage

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Fern Bay Seaside Village

CVC Limited Annual General Meeting 2006

9

CACAD Experiment

Platform for growth

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• Beirose $\Box$
• Shepparton/Geelong O
• Fem Bay $\begin{bmatrix} 1 \ 2 \end{bmatrix}$

CVC
Private Equity

, CVC
`Sustainable Investments

CVC REEF

$II$

Summary

• Establishing platform of recurring earnings Support
• Opportunities for further one off capital gains
• Established, well respected listed company with strong deal Super flow
• Service Strong Balance Sheet - Ability to fund a large deal
• History of turning around under-performing assets Support