CVC LIMITED — Investor Presentation 2015

Nov 22, 2015

PRESENTATION TO SHAREHOLDERS 23 NOVEMBER 2015

2015 ANNUAL GENERAL MEETING

RESULTS FOR THE YEAR INCLUDE:

• Profit after tax to shareholders \$18.3 million (2014: \$25.4m)
• Dividends paid of 15 cents per share (2014: 10 cents)
• Cash holdings in excess of \$54 million (2014: \$48 M)
• NTA decreased during the year to \$1.55 (2014: \$1.63)

NET	$155$ cents	2012 130 cents		2009 110 cents
ASSE IS PER SHARE	2014 163 cents	2011 126 cents		2008 169 cents
	2013 142 cents	2010 124 cents		2007 201 cents

Since 2010 fully franked dividends of 45 cents have been paid

HIGHLIGHTS OF THE YEAR INCLUDE:

• Realisation of holding in Villa World Limited
• Strong profit contribution from the property financing segment
• Realisations and strong profit contribution from a number of listed equity investments
• Project delivery agreement agreed with Mirvac for a residential development project in Marsden Park North, New South Wales
• Joint Venture Agreement concluded with Villa World for a residential development project in Donnybrook Victoria

• Dividends paid of 15 cents per share

• Sale of Nowra retail property for \$5.5m and entered into development delivery agreement for the construction and delivery of the site by June 2016

• Settlement of Fairfield property for a sale price of \$2.7m, crystallising a profit of \$700k
• Ron Finemore Transport bought back all outstanding shares held by CVC for total proceeds of \$7.5m
• Acquisition of 15Ha property in Caboolture to be developed into a highway service centre, retail and commercial precinct over the course of 3 – 5 years
• Contribution from all investment segments
• Final dividend paid of 3 cents per share
• Anticipate half year profit in the range of \$8 10m (subject to audit and excluding any impairments)

	Nov 2015
Cash	\$30.6 M
Listed Investments	\$50.7 M
Direct Property (net of borrowings)	\$78.2 M
Private Equity	\$34.4 M
TOTAL NET ASSETS	\$193.9 M

**Excludes cash held by consolidated investee companies and uplift in value of Marsden Park and other investments

MAJOR LISTED IVESTMENTS

• Property Investment include Direct and Indirect property investments
• Direct investment is focused on Core investment return plus development opportunities and includes:
• Marsden Park, NSW
• Port Macquarie, NSW
• Caboolture, Queensland
• Indirect investment includes:
• Project partnering and preferred equity investments
• Senior finance facilities
• Second ranking finance facilities

Property Investments

MARSDEN PARK

• Joint Venture between CVC and Leamac Property Group
• Project delivery agreement with Mirvac
• 154 hectares of land in Sydney's North West growth centre
• Currently in planning process and is anticipated to yield in excess of 1,200 residential allotments
• Project life of up to 14 years

MARSDEN PARK LAND SUBDIVISION 154 hectares of land at Marsden Park, to be developed and subdivided into residential lots.

DONNYBROOK

• 273Ha in Melbourne's northern growth corridor
• Partnership with listed developer Villa World Limited
• Currently in planning process and targeting in excess of 2,000 residential allotments
• Project life of up to 10 years

DONNYBROOK DEVELOPMENT 273Ha site in the northern growth corridor of Melbourne.

HERITAGE BRANDS LTD

NSX listed Heritage Brands is a seller and distributor of branded cosmetics, toiletries, skin care, nail products, oils and fragrances. Leading brands include Innoxa, Australis and LeTan.

PAFTEC

A unique and patented breath responsive technology developed in Australia and primarily sold into Western Europe. The company has commenced the certification path for the US market. There is also potential application of the technology in medical markets.

TOTAL FACE GROUP PTY LTD

Total Face Group is a network of clinics providing injectable cosmetic treatments and cosmetic dermatology. The company currently has seven Melbourne and Sydney based clinics.

AUSTRALIAN CREDIT AND FINANCE

Australian Credit and Finance is the fastest growing provider of online home loans and mortgage refinancing.

UNITED NETWORKS LTD

Australian based telco providing both local telco services and cost effective global roaming services to major Australian and International clients.

OUR CROWD

Early stage portfolio of crowd funded investments.