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Disclaimer
vesture.com.au
The content of this presentation is for general information only. Information in this presentation including, without limitation, any forward-looking statements or opinions (information) may be subject to change without notice. To the maximum extent permitted by law, Vesture Limited, its officers and employees do not make any representation or warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information and disclaim all responsibility and liability for the Information (including, without limitation, liability for negligence). The information contained in this presentation should not be considered to be comprehensive or to comprise all the information which a security holder or potential investor in Vesture may require in order to determine whether to deal in Vesture securities. This presentation does not take into account the financial situation, investment objectives and particular needs of any particular person. This presentation contains “forward-looking statements” including indications of, and guidance on, future earnings, financial position and performance. Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Vesture and its officers and employees, that may cause actual results to differ materially from those predicted or implied by any forward-looking statements. You should not place undue reliance on these forward-looking statements. There can be no assurance that actual outcomes will not differ materially from these forward-looking statements.
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Mission Statement
Vesture is dedicated to the pursuit of harmonious living for its
proprietors through the provision of professional guidance
and support to your community. Vesture will deliver
exceptional customer service and work closely with all owners
to protect your most valuable asset – your home.
VESTURE – inVEST into the futURE
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Board of Directors - May, 2012
Vesture Board
Company Secretary
Brett Crowley
Chairman
Allen Ryall
Non-Executive Director
Marcel Nauer
Independent Director
Philippa Bond
CEO and Management
Operating Companies
vesture.com.au
Non-Executive Director
David Henderson
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Vesture Chief Executive Officer
Patrik Bruhlmann
Vesture Marketing & Communication Nicki Wright
Vesture Chief Operating Officer
Peter Brodbeck
Vesture Administration
Marianne Leighton
ERNST Strata Operations
Gold Coast
Barry Tevelen
ERNST Strata Operations
Brisbane
Ian Aldred
STM Strata Operations
Sydney South
Tony Foreshew
VBCS Strata Operations
Victoria
Richard Eastwood
Vesture Chief Financial Officer
Martin Meltzer
Vesture Chief Risk Officer
Mark Neilen
Business Development Manager
Queensland
Russell Barrett
Business Development Manager
New South Wales
Tony Foreshew
Strata Managers
Strata Assistants
Trust Accountants
Strata Managers
Strata Assistants
Trust Accountants
Strata Managers
Strata Assistants
Strata Managers
Strata Assistants
Vesture
Business Development Director
Alan Buckle
Business Development Manager
Victoria
Greg Cates
vesture.com.au
Vesture Human Resource
Management Daphne Lok
Vesture Information Technology Manager
Clayton Browne
Vesture Project Manager
Peter Griffith
Vesture Chief Information Officer
Raymond O’Neil
Organisational Structure 2012
STM Strata Operations
Sydney Central
Michael Price
STM Strata Operations
Tweed Heads/Ballina
Michael Lovell
Strata Managers
Strata Assistants
Strata Managers
Strata Assistants
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vesture.com.au
Chief Executive Officer Profile
PATRIK BRUHLMANN Qualifications: Master of Business Administration (NUS) Senior Executive Degree of INSEAD (Paris) Bachelor of Hotel Management Profile: • Numerous global Executive roles including Chief Executive Officer of Zuellig Pharma in Taiwan and Thailand and Chief Executive Officer of the largest healthcare retailer and wholesaler in Saudi Arabia. • Before the commencement of his role as Chief Executive Officer at Vesture Limited, Patrik was the Chief Executive Officer at Victoria Body Corporate services (VBCS) and then at Strata Title Management Group (STM). • Experience in all facets of business - operational management, financial management, sales and marketing, administration. • Specialises in strategic management and has a proven track record of generating new levels of success through innovation. • Excellent team motivator, inspiring his team by challenging the way in which Vesture operates and thus securing its place as the market leader.
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Vesture Group Entities
Total Lots
No. of Staff
30,895 49
Total Lots
No. of Staff
24,556 51
Total Lots No. of Staff
20,889 55
Current Vesture Total of Lots
Market Share 3 year Growth Target
76,340 4.8% 100,000
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Market Share
State Number of Schemes in Marketplace
Number of
Schemes by
Company
Market share %
Number of Lots in
Marketplace
Number of Lots
by Company
Market share %
VIC (VBCS)
71,286 2279 3.2% 419,289 29,254 7.0%
QLD (Ernst)
40,064 350 0.8% 382,991 20,778 5.4%
NSW (STM)
75,690 1,501 2% 728,780 23,634 3.2%
TOTAL 187,040 4,130 2.2% 1,531,060 73,666 4.8%
Source: City Futures Research Centre at University of New South Wales and Strata Community Australia – National Strata and Community Data 2012.
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Growth/Targets over next 3 years
Number of Lots by Company
2012
Number of Lots by Company
2013
Number of Lots by Company
2014
Number of Lots by Company
2015
29,254 32,472 36,043 40,008
20,778 23,064 25,601 28,417
23,634 26,233 29,119 32,322
73,666 81,769
90,763 100,747
* Average 11% increase per year
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vesture.com.au
Shareholding Structure
No. Shares on Issue
207.9 Mil
Last Share Price $0.09*
Market Capitalisation $19 Mil
* As of 14/05/12
Shareholder Total % Held by Insiders
M. Nauer 47.37
P. Bond 7.63
P. Bruhlmann 1.28
TOTAL 56.28
Share Summary
% Held by Insiders
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Shareholding Structure
Shareholder % Held
1) M. Nauer 47.37
2) Prudential Investment Company 13.83
3) JBFT Pty Ltd 9.78
4) P. Bond 7.63
5) Urunga Trading Corporation 4.18
6) Cyric Point Investments Ltd 3.76
7) G A B Kummer-Gramiger 3.68
8) Lifestyle Village Services Pty Ltd 3.24
9) Patrik Bruhlmann 1.28
10) The Trustee for the Logan Superfund 0.91
11) U. Schmidli 0.83
12) Prudential Investment Company 0.53
13) Pacific Developments (QLD) Pty Ltd 0.51
14) Harder Investments Pty Ltd 0.48
15) G. Beaumont 0.39
16) N. Saade 0.27
17) Delbant Pty Ltd 0.22
18) Computer Maintenance Australia 0.14
19) Titehead Investments Pty Ltd 0.13
20) Fobizo Pty Ltd 0.10
TOTAL 99.26
* As of 14/05/12
Top 20 Shareholders
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Financial Information 2011/12
Income (Budget) $29,212
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vesture.com.au
Top 10 Largest Plans
Number of Lots 1,562
Percentage of Lots Under Management
5%
Total Value $432,195
Number of Lots 2,514
Percentage of Lots Under Management
11%
Total Value $412,650
Number of Lots 4,270
Percentage of Lots Under Management
21%
Total Value $1,155,717
VBCS
STM
ERNST
Building Lots Under management
Managing Company
CBD Southport 789 Ernst
QLD 645 Ernst
QLD 526 Ernst
QLD 472 Ernst
QLD HOTEL 412 Ernst
QLD 410 Ernst
CBD Melbourne 386 VBCS
CBD Sydney 385 STM
CBD Sydney 353 STM
CBD Southport 339 Ernst
VESTURE
Majority of new agreements are 3 years. Average contract term is 1.8 years.
* Total Value = yearly revenue.
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Key objectives at Vesture To strengthen Vesture’s expansion plans with committed shareholders willing and able to co-finance the additional opportunities in Australia and willing to open new markets in Asia Pacific & the Middle East
First mover advantage in Asia Continue to participate in the consolidation of the Australian strata industry with our successful share option participation model, brand continuation
Committed to paying down debt and increasing profitability. An increase in lot numbers adds substantially to the bottom line as incremental costs of delivery are reduced with fixed costs already covered.
Aggressive and achievable targets for organic growth and increased market share Hold the #2 position in the Marketplace and provide #1 position holder significant threat
EXPANSION INCREASE PROFITABILITY
ORGANIC GROWTH
LEADING COMPANY
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What makes Vesture exciting for investors • The 2nd largest strata company in Australia. Presented in 3 key states where 80% of all
strata business opportunities are created.
• Only 4.8% market share which means extensive opportunity for organic growth and
expansion nationally and abroad.
• Strong corporate governance with a professional Board
• A young, motivated management team ready for additional growth
• Superior branding concept with a full time marketing manager spending AU$ 1mio in
targeted activities per year
• The one stop shop for all large developers in Australia with consulting experience at
home & overseas (Middle East and Pacific)
• Support from Australia’s top investment bank > Macquarie Bank
• Open and transparent business behavior inline with ASX rules as the only listed strata
company
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A secure investment with a growing company… Vesture Limited
Paul Juchima | Director Cielo Capital Pty Ltd
Level 31, 120 Collins Street, Melbourne VIC 3000 T: +61 3 9225 5448 E: [email protected] Patrik Bruhlmann | Chief Executive Officer Vesture Limited
Level 7, 447 Kent Street, Sydney NSW 2000 T: +61 2 9266 2600 E: [email protected]
Contact Us
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