CVC (CVC) AGM 2026 presentation summary

AGM resolutions

• Three ordinary resolutions covered adoption of the FY2026 Remuneration Report, election of Dr Andrew Ashwood and re-election of Ian Campbell; the remuneration vote was advisory and non-binding.

• Proxy votes showed 97.32% for Dr Ashwood’s election and 98.24% for Ian Campbell’s re-election; the Remuneration Report received 87.79% for.

FY2026 performance and delivery

• Total income was $212.2m, up 380.1% YoY; NPAT was $7.7m, up 541.7%, and NPAT to shareholders was $2.2m, up 340.0%.

• Cash was $87.7m versus $13.0m in FY2025; dividends were 5.0 cents per share versus nil, while net assets per share were $1.47 versus $1.49.

• Laverton’s sale generated $37.8m pre-tax profit attributable to shareholders and funded a fully franked 5.0-cent special dividend; the return was achieved without site settlement.

• At Liverpool, rezoning was discontinued and a $13m impairment recognised; avoiding settlement avoided a funding requirement of ~$124m, with cash inflows of ~$46m and a post-year-end agreement to lapse the option.

• Clyde North lot settlements contributed $8.6m pre-tax profit attributable to shareholders; a conditional sale of a ~19ha Donnybrook superlot is expected to settle in FY2028 and support debt reduction.

Portfolio and FY2027 strategy

• The portfolio comprises 9 major projects across 401ha, with $0.9bn current land value and a 2,800ha development management agreement site area; potential includes 3 data centre projects, 0.9m sqm industrial GFA and ~2,400 apartments.

• Portfolio metrics are shown on a 100% ownership basis unless stated otherwise; potential areas, yields and values are estimates subject to market conditions and statutory approvals.

• FY2027 priorities are value enhancement, asset realisation, capital recycling and balance-sheet management, with disciplined allocation and shareholder returns through dividends, capital initiatives, buy-backs or business simplification.

• Planning progress included public exhibition completion for Marsden Park North, commencement of the Truganina Precinct Structure Plan and lodgement of the Officer South planning permit application.