Centuria Capital Group (ASX:CNI): 1H19 Results Presentation

Company Presentations

Centuria Capital Group Limited (ASX:CNI) Group CEO, John McBain, presents the company's 1H19 results.


Material AUM growth:

  • Strong 14.3% platform growth in 1H19 to $5.6bn
  • Australia’s third largest real estate acquisition in CY18 ($645m Hines portfolio)
  • Investment Bonds new product “LifeGoals” launch positions business for growth opportunities

Capital management initiatives:

  • Strengthened balance sheet capacity supports further growth opportunities
  • Successful $100m equity raise and $80m bond issuance supporting corporate initiatives and increased co-investment in Centuria REITs, CMA (24.9%) and CIP (24.2%)

Operating earnings, distributions and returns:

  • Delivered 1H19 operating EPS of 6.5cps (1H18 12.1cps)
  • FY19 Operating EPS forecast of 12.7cps
  • Strong recurring revenue uplift to $42.0m (1H18 $32.1m)
  • Delivered 1H19 distribution of 4.25cps (3.7% increase from 1H18)
  • Reaffirm FY19 distribution forecast of 9.25cps (12.8% increase from FY18)
  • Co-investments annualised total return up 14.3%
  • Driven by increased distributions and co-investment stakes

For more, watch Group CEO John McBain present.