Slides
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Results Presentation and Business Update ASX:CVC25 August 2026 Y E A R E N D E D 3 0 J U N E 2 0 2 6
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CVC Limited | Results Presentation & Business Update 2 Introduction to CVC – our value proposition CVC is a differentiated real estate investment company that provides unique exposure to large-scale, land-based investments with the potential to generate significant capital growth Secure Identify and structure high conviction land investments with embedded upside potential Add value Utilise proprietary capability to navigate complex planning processes and deliver strategic developable land parcels Monetise Crystalise profit and release capital via the development and / or disposal of de-risked landholdings The investment model CVC has a proven track record of generating attractive risk adjusted returns underpinned by the security of freehold land
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CVC Limited | Results Presentation & Business Update 3 2,800 ha DMA site area Current pipeline Notes: 1. All metrics shown on this page and throughout this presentation are presented on a 100% ownership basis (unless stated otherwise). CVC’s ownership of its major projects ranges from 70.0% to 30.0%. 2. Reflects the current land value of major projects based on ‘as-is’ planning. Based on independent valuation reports, qualified agent’s assessment or purchase price. Excludes Norwell Valley. 3. All areas, yields, and values shown above are estimates only. These are subject to market conditions and subject to statutory approvals. 401 ha site area 9 major projects $0.9bn current land value2 Portfolio1 Potential to deliver1 ~14,000 DMA residential lots 3 potential data center projects ~2,400 apartments 0.9m sqm industrial GFA High quality property portfolio with in-progress value-add strategies currently being executed CVC has assembled one of Australia’s largest and most attractive portfolios deliberately positioned around high-conviction themes
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CVC Limited | Results Presentation & Business Update 4 FY2026 financial summary Financial Results – 30 June 2026 TOTAL INCOME $212.2m 380.1% on 2025 $44.2m – 2025 NET PROFIT AFTER TAX $7.7m 541.7% on 2025 $1.2m – 2025 NPAT TO SHAREHOLDERS $2.2m 340.0% on 2025 $0.5m – 2025 DIVIDENDS 5.0cps NM^ Nil – 2025 NET ASSETS PER SHARE $1.47 2.0cps* on 2025 $1.49 – 2025 CASH POSITION $87.7m 574.6% on 2025 $13.0m – 2025 ^ Not meaningful * Following dividends per share of 5 cents paid during the year
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CVC Limited | Results Presentation & Business Update 5 Successful Project Realisation • Completed the sale of the Laverton site, contributing $37.8m profit before tax attributable to CVC shareholders and delivering an exceptional return on investment without requiring site settlement • Settlement of majority of the lots in the Clyde North project, contributing $8.6m profit before tax attributable to CVC shareholders Future Revenue Secured Conditional Sale of c. 19ha super lot at Donnybrook secured. Settlement in FY28 will provide material profit and significant cash flows, enabling a meaningful reduction in project debt Liverpool Resolution Discontinuation of rezoning at Liverpool. Significant impairment offset by improved group liquidity. Post year end agreement regarding lapse of option contract secured. Significant Planning Progress • Marsden Park North rezoning public exhibition completed • Truganina Precinct Structure Plan commenced • Officer South Planning permit application lodged FY2026 – delivering outcomes 1 July 2025 – 30 June 2026
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CVC Limited | Results Presentation & Business Update 6 Laverton: Successful Realisation • Sold during the year, realising a profit before tax of $37.8 million • Proceeds funded a fully franked special dividend of 5.0 cents per share • An outstanding return on investment, achieved without requiring settlement of the site • Demonstrates CVC's ability to add value and execute successful realisation strategies FY2026 – Significant Transactions Two significant transactions shaped CVC’s FY2026 result and balance sheet position Together, these outcomes strengthened CVC’s balance sheet and cash flow position, supporting the Company’s ability to progress its strongest performing projects in FY2027 Liverpool: Discontinued rezoning, positive resolution • NSW Government determined not to progress the proposed residential rezoning • CVC agreed with the vendor not to proceed with settlement of the Property, avoiding an approximately $124 million funding requirement • Recognised a $13 million impairment, but delivered cash inflows of approximately $46 million • Materially strengthens CVC's balance sheet and cash flow position heading into FY2027
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CVC Limited | Results Presentation & Business Update 7 4321 CVC outlook and strategy FY2027 Through the active management, enhancement, realisation and recycling of capital invested in property assets with disciplined risk, capital allocation and balance sheet management. Maximise Shareholder Value Actively enhance the value of all property assets. • Planning approvals • Development approvals • Rezonings & subdivision • Yield optimisation • Project structuring & JVs VALUE CREATION Determine and execute the best strategy for each asset to maximise risk-adjusted returns. • Asset sales • Joint ventures • Development • Strategic repositioning • Income generation VALUE REALISATION Efficiently recycle capital and strengthen the balance sheet. • Reduce project debt • Reduce corporate debt • Maintain liquidity • Disciplined capital allocation CAPITAL RECYCLING & BALANCE SHEET MANAGEMENT Deliver superior shareholder outcomes through disciplined capital management. SHAREHOLDER VALUE & CAPITAL MANAGEMENT • Franked dividends* • Capital initiatives • Share buy-backs • Simplification of business REINVEST OR DISTRIBUTE – CONTINUOUS VALUE CYCLE Notes * Depending on project realisation
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CVC Limited | Results Presentation & Business Update 8 Strategic locations, growth sectors Eastern Seaboard portfolio strategically located in priority growth corridors and exposed to sectors with strong long-term fundamentals Logistics and digital infrastructure 1 Marsden Park North 5 Officer South 3 South Morang (MR)1 7 Truganina (BR)4 2 7 6 5 VIC NSW 10 kms10 kms 1 Melbourne Sydney 4 South Morang (WR)2 3 2 Donnybrook 6 Truganina (HR)3 4 Residential and mixed use 9 Burleigh Waters8 Woolloongabba 10 Norwell Valley QLD 9 10 10 kms Brisbane 8 Landbank has the potential to support scaled digital infrastructure, logistics and residential development Notes: 1. Refers to McDonalds Road, South Morang 2. Refers to Williamsons Road, South Morang 3. Refers to Hopkins Road, Truganina 4. Refers to Boundary Road, Truganina
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CVC Limited | Results Presentation & Business Update 9 Appendix 1 – Key Property Investments
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CVC Limited | Results Presentation & Business Update 10 • The Board commissioned a process to gain a market assessment of property values of all major projects • The exercise sought to establish current ‘as is’ values of its major investments (excluding Norwell Valley) Major Projects Estimate of Asset Values CVC Project Purchase Date Settlement Date Estimated Planning Date Acquisition Price Current Value* CVC Ownership Park Road, Marsden Park, NSW 2012 2013 2026 $9,000,000 $110,000,000 66.00% Donnybrook Road, Donnybrook, VIC 2014 2014 Approved $12,675,000 $151,000,000 49.00% Logan Road, Woolloongabba, QLD 2016 2016 2027 $19,150,000 $45,000,000 52.50% Lake Orr Drive, Burleigh Waters, QLD 2021 2023 2027 $40,739,000 $97,815,000 60.00% Hopkins Road, Truganina, VIC 2023 2028 2027 $201,000,000 $256,000,000 56.35% Lecky Road, Officer South, VIC 2023 2028/2030 Approved $73,000,000 $93,500,000 70.00% Boundary Road, Truganina, VIC 2024 2026 2029 $60,331,250 $60,500,000 56.35% South Morang Projects, VIC 2023/2025 2025 2027 $40,357,000 $53,700,000 40%/30% Norwell Valley, QLD 2025 DMA^ 2027/2028 DMA^ N/A 60.00% $456,252,250 $867,515,000 Notes * All values supported by independent valuation reports, qualified agent’s assessment or purchase price. ^DMA refers to the Development Management Agreement outlined in slide 17.
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CVC Limited | Results Presentation & Business Update 11 Donnybrook Road, Donnybrook, VIC Property Details • ~76 Ha of strategically located industrial land in Melbourne’s rapidly emerging northern corridor • Development permits and infrastructure agreements in place for the development of over 150 smaller industrial land allotments which have end realisation of > $400m Commercial Details • Purchased in 2014 for $12.7m (land bought also included non-industrial land which has been subdivided and sold for ~$93m) • CVC ownership 49% • During FY26, conditional contract of sale executed for c. 19ha superlot with $40M sale price CVC Limited – Industrial Projects
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CVC Limited | Results Presentation & Business Update 12 CVC Limited – Industrial Projects Property Details • ~Site covers 154Ha and is located in the North West Growth Centre of Sydney • Over a decade in various planning processes • The Marsden Park North Precinct State Assessed Rezoning Proposal was placed on public exhibition finishing in January 2026. • The State Assessed Rezoning is expected to be finalised by end of CY2026 Commercial Details • Site purchased in 2013 for $9.0m • CVC ownership 66% Park Road, Marsden Park, NSW
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CVC Limited | Results Presentation & Business Update 13 CVC Limited – Industrial Projects Property Details • Super prime site located in Melbourne’s Western corridor bordering completed industrial development. • Site totals 80Ha and sits on two regionally significant roadways • Part of a Precinct Structure Plan (Derrimut Fields) identifying the land as State Significant Industrial Land • Victorian Planning Authority is progressing PSP planning process (announced May 2025) • Approval would facilitate the development of approximately 330,000 sqm of prime grade industrial floorspace with an end value approaching $1bn Commercial Details • Contracted in 2023 to be purchased for $201m • Payments of $18m toward purchase have already been made • Settlement in 2028 • CVC ownership 56.35% Hopkins Road, Truganina, VIC
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CVC Limited | Results Presentation & Business Update 14 CVC Limited – Industrial Projects Property Details • Industrial land which achieved rezoning in February 2025 • Designated in Stage 1 release area • Located in the South East of Melbourne, a corridor experiencing a shortage of industrial land supply • During FY2026 a further parcel was secured increasing land totals ~28Ha of Net Developable Area over three titles and significantly enhancing site serviceability • Approval provides that land capable of delivering over 130,000sqm of industrial floor space with an end value of $350m Commercial Details • Contracted in 2023 and 2026 for 3 sites to be purchased for $73m • Payments of $14.5m toward purchase have already been made • Settlement in 2028 • CVC ownership 70% Lecky Road, Officer South, VIC Artist impression only
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CVC Limited | Results Presentation & Business Update 15 CVC Limited – Industrial Projects Property Details • 34Ha of prime future industrial land located adjacent to major industrial estate and on major arterial road • Located in a Precinct Structure Plan identifying the land as State Significant Employment Land • Planning would enable the land to deliver 150,000 sqm of industrial floorspace with an approximate end value in excess of $450m • CVC working to advance planning of the precinct with other land owners Commercial Details • Contracted in 2024 to be purchased for $49.3m • During FY2026, contract terms were renegotiated with price increased to $60.3M and settlement deferred until April 2029 • CVC ownership 56.35% Boundary Road, Truganina, VIC
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CVC Limited | Results Presentation & Business Update 16 CVC Limited – Industrial Projects McDonalds Road site1 • Land secured (CVC 40%) • Development approval secured • Power availability and infrastructure confirmed • Power application significantly advanced • Significant operator and investor interest Williamsons Road site2 • Land secured (CVC 30%) • Development approval submitted • Known power availability and infrastructure solution • Common boundary with AusNet Terminal Station Commercial Details • Land contracted in 2023/2024 to be purchased for $40.4m (combined) • Settlement in 2025 Data Centre Precinct, South Morang, VIC 2 1
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CVC Limited | Results Presentation & Business Update 17 CVC Limited – Mixed Use Projects Norwell Valley, QLD Property Details • Potential to be one of Australia's largest greenfield developments • The Joint Venture (CVC 60%) secured Development Management Agreement with more than 60 landowners which took more than 4 years to achieve • Covering more than 2,800Ha of non-contiguous land located between the Gold Coast and Brisbane, this tract of land is a nationally significant development opportunity • Can provide for >20 years of development revenue for JV subject to successful rezoning outcomes • Development Management Agreement transaction structure provides sufficient time to procure planning approvals • When land developed, landowners are remunerated from sales revenues of development Commercial Details • Initial payment of $1.5m has been paid to landowners • Upon planning approval payment to landowners of $55m • Through development landowners receive 10% of project revenues with JV retaining the balance 90% • CVC ownership 60% Artist impression only – not illustrative of potential development
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CVC Limited | Results Presentation & Business Update 18 CVC Limited – Mixed Use Projects Logan Road, Woolloongabba, QLD Property Details • A prominent and large-scale site located in inner Brisbane • Woolloongabba more generally has been identified as a Priority Development Area and will benefit from Cross River Rail station which is 200m from Logan Road site and is anticipated to open 2026 • The site totals 9,361sqm and is currently approved for mixed use development of over 600 apartments • Planning submission for a higher density scheme which could facilitate the development of over 1,000 apartments with an end value of over $750m is progressing through council • Land benefits from passing income from incumbent tenant while planning approval process continues Commercial Details • Purchased in 2016 for $19.2m • Current Valuation $45.0m • CVC ownership 52.5%
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CVC Limited | Results Presentation & Business Update 19 CVC Limited – Mixed Use Projects Property Details • Substantial 5.4Ha land holding in prominent part of the Gold Coast • Benefitting from over 600m of direct water frontage and direct linkages to Bond University, this site is a rare large scale development opportunity • Development application for approx. 3,800 sqm retail precinct including marketplace, medical, office, food and beverage, and other ancillary retail tenancies approved June 2026 • Development application for MCU residential tower 1 (138 units) and Preliminary Approval for towers 2 to 7 (1,112 units) lodged June 2026 • Subject to planning approvals the site has capacity to contain in excess of 1,500 apartments, associated retail, medical and dining facilities • Detailed planning applications will now be made for different sections of the site. Anticipated that the end value of development could exceed $2bn Commercial Details • Purchased in 2023 for $45m • Current Valuation $97.8m (post civil construction works) • CVC ownership 60% Lake Orr Drive, Burleigh Waters, QLD
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CVC Limited | Results Presentation & Business Update 20 Disclaimer IMPORTANT NOTICE This Presentation (as amended) (Presentation) has been prepared and issued by CVC Limited ACN 002 700 361 (CVC). This Presentation must not be copied or distributed to other persons without the prior written consent of CVC, which may be given or withheld in its absolute discretion. This document is not a prospectus and does not contain all of the information which would be required to be disclosed in a prospectus. SUMMARY INFORMATION The information contained in this Presentation is of a general nature and in summary form. Neither CVC (nor any of its respective officers, employees, related bodies corporate, affiliates, agents or advisers) guarantees or makes any representation or warranty, express or implied, as to, or takes responsibility for, the accuracy, or reliability of the information contained in this document. CVC does not represent or warrant that this document is complete or that it contains all material information about CVC or which a prospective investor or purchaser may require in evaluating a possible investment in CVC or acquisition of CVC shares. It is not intended to be relied upon as advice to investors or potential investors, and does not contain all information relevant or necessary for an investment decision or that would be required in a prospectus prepared in accordance with the Corporations Act. Statements in this Presentation are made only as of the date of this Presentation unless otherwise stated and information in this Presentation remains subject to change without notice. NOT AN OFFER This Presentation is not a prospectus, disclosure document, product disclosure statement or other offering document under Australian law and does not constitute an invitation to subscribe for or buy any shares in CVC, including in any jurisdiction in which it would be unlawful, or a solicitation to engage in or refrain from engaging in any transaction. NOT INVESTMENT ADVICE OR A RECOMMENDATION This Presentation does not constitute investment or financial product advice, nor is it a recommendation to acquire shares in CVC. It is not intended to be used as the basis for making a financial decision, nor is it intended to constitute legal, tax, accounting or other advice. In particular, this Presentation is not intended to be relied upon as advice to any person and does not take into account the financial situation, objectives or needs of any person. This Presentation may not be relied on to make an investment or other financial decision, and you should make your own assessment and take independent professional advice in relation to the information, before making any investment decision in relation to CVC. FINANCIAL AMOUNTS All dollar values are in Australian Dollars (A$) and financial data is presented as at the date of this presentation unless stated otherwise. CVC’s results are reported under Australian International Financial Reporting Standards, or AIFRS. FUTURE PERFORMANCE This Presentation contains forward looking statements. Forward-looking statements can generally be identified by use of words such as “may”, “should”, “could”, “foresee”, “plan”, “aim”, “will”, “expect”, “intend”, “project”, “estimate”, “anticipate”, “believe”, “forecast”, "target", "outlook", "guidance" or “continue” or similar expressions. Forward looking statements in this Presentation include statements about CVC’s financial condition and performance, results and operations, business plans and objectives or management, capital adequacy, risk management practices and specific or general provisions, including statements on slide 13 regarding the potential value of CVC’s projects. Such statements represent CVC’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social risks, contingencies and uncertainties. These forward‐looking statements are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of CVC and its related bodies corporate and affiliates (and each of their respective directors, securityholders, officers, employees, partners, agents, advisers and management), and could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or any projections and assumptions on which those statements are based. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. CVC disclaims any intent or obligation to update any forward‐looking statements, whether as a result of new information, future events or results or otherwise. All forward‐looking statements made in this Presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward‐looking statements are not predictions or guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward‐looking statements due to the inherent uncertainty therein. DISCLAIMER No party other than CVC has authorised or caused the issue, lodgement, submission, dispatch or provision of this Presentation, or takes any responsibility for, or makes or purports to make any statements, representations or undertakings in this Presentation. 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The information in this Presentation remains subject to change without notice.