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CVC LIMITED AGM Information 2009
64728_rns_2009-11-22_25571f26-8a88-43ce-870e-7ce83c84c0f4.pdf
AGM Information
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Annual General Meeting Presentation to Shareholders
CVC Limited :: 23 November 2009 ::
The Year in Review
- :: Very tough and disappointing year
- :: Number of successes, and development of opportunities for 2010 and beyond
- :: Continued development of all key investee companies, including Ron Finemore Transport, Pro-Pac, Cellnet, Greens Foods and others
- :: Bought back 26 million CVC shares since July 1, 2008 at ave price of 69 cents
| 2 0 0 9 |
2 0 0 8 |
|
|---|---|---|
| S E i P h a r n n g s e r a r e |
( ) 4 4 5 t c e n s |
0 7 t c e n s |
| T l A E l d t t o a s s e s m p o e y |
\$ 1 9 3 7 m |
\$ 3 1 6 1 m |
| R S h h l d E i t t e r n o n a r e o e r s q u u y |
( ) 3 5 7 7 % |
( ) 1 3 5 1 % |
| S h I Y E d t a r e s o n s s u e a e a r n |
1 4 2 8 4 8 6 2 1 , , |
1 6 2 3 5 2 1 3 4 , , |
| N A P S h t t e s s e s e r a r e |
\$ 1. 1 1 |
\$ 1. 6 9 |
| S D i i d d P h v e n s e r a r e |
3 0 t c e n s |
6 0 t c e n s |
2010 Year to Date
- :: Returned to profitability likely half year profit approximately \$5 M
- :: Net assets approx \$174 M including \$52 M cash
- :: Shares on issue 136,115,726
- :: Approx 15% improvement in net assets per share since June 30, 2009
- :: Trading of majority of key investees significantly improved
- :: A number of investments "revived from the dead"
- :: Continuing to focus on problem assets and their performance
Portfolio as at November 23, 2009
| C h a s |
\$ 2 M 5 |
|---|---|
| L i d I t t t s e n e s m e n s v |
\$ M 7 6 |
| D i P t t r e c r o p e r y |
\$ 2 3 M |
| P i E i t t r a e q v u y |
\$ M 2 3 |
| \$ 1 4 M 7 |
Annual General Meeting 2009
Portfolio as at November 23 2009 - Key Investees
2010 and Beyond
- :: Portfolio likely to include higher concentration of direct property at attractive yields, reduced cash and listed equity components, and introducing a level of gearing
- :: Likely that impairment charges on a number of key investees will reverse in current year if performance continues at current levels
- :: Quality of deal flow continues to improve, optimistic that this will lead to further investments, either directly or via key investees
- :: Concise Asset Management continuing to perform very well. We continue to focus on Funds management activities, revitalisation of CVC Property Fund and continued development of CVC Sustainable Investments
Annual General Meeting Presentation to Shareholders
