CVC (CVC) Investor Presentation summary

Executive summary and offer overview

• Offering 500,000 redeemable, unsecured, non-convertible, unsubordinated notes (CVC Notes 3) with a face value of $50m, with flexibility to raise more or less.

• Proceeds will maintain balance sheet strength and support investment in existing and future real estate opportunities.

• Notes pay quarterly floating rate interest, with an indicative margin of 4.50%–4.75% p.a. over 3-month BBSW, and mature in December 2028.

• Reinvestment offer allows eligible holders to exchange existing notes for new ones on a 1:1 basis plus a $2.00 cash incentive per note.

• Gearing ratio covenant set at 50% on a statutory basis, with pro forma gearing expected to be lower after market value uplifts.

Company profile and management

• ASX-listed real estate investment group with a 40-year track record in land-based investments.

• Over $353.7m in statutory assets, rising to $666.0m after independent property revaluations.

• Management team has extensive experience in property development, planning, and finance.

• Value proposition centers on securing, adding value to, and monetizing institutional-scale land investments.

Portfolio and project pipeline

• Portfolio includes 12 major projects, 443 ha of site area, and potential for 6 data center projects.

• Target land value of $2.1bn, with current land value at $1.3bn, and potential for 7,400 apartments and 40,000 residential lots.

• Projects are strategically located in high-growth corridors on the eastern seaboard, with exposure to logistics, digital infrastructure, and residential sectors.

• Major projects include Donnybrook, Marsden Park, Truganina, Officer South, Laverton North, Liverpool, Woolloongabba, Burleigh Waters, and Norwell Valley.