Eumundi : Presentation to Annual General Meeting

EUMUNDI GROUP LIMITED

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CEO's Presentation

2021 Annual General Meeting

Disclaimer

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This presentation has been prepared by Eumundi Group Limited (EBG) and is for general information purposes only. This presentation does not provide recommendations or opinions in relation to specific investments or securities.

This presentation has been prepared in good faith and with reasonable care. Neither EBG nor any other person makes any representation or warranty, express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of this presentation (including any projections, forecasts, estimates, prospects and returns, and any omissions from this presentation. To the maximum extent permitted by law, EBG and its respective officers, employees and advisers disclaim and exclude all liability for any loss or damage (whether or not foreseeable) suffered or incurred by any person acting on any information (including any projections, forecasts, estimates, prospects and returns) provided in, or omitted from, this presentation or any other written or oral information provided by or on behalf of EBG.

This presentation may contain forward looking statements. These forward looking statements have been made based upon EBG's expectations and beliefs concerning future developments and their potential effect upon EBG (and its controlled entities) and are subject to risks and uncertainty which are, in many instances, beyond EBG's control. No assurance is given that future developments will be in accordance with EBG's expectations. Actual results could differ materially from those expected by EBG.

It is not intended that this presentation be relied upon and the information in this presentation does not take into account your financial objectives, situations or needs. Investors should consult with their own legal, tax, business and/or financial advisers in connection with any investment decision.

Numbers may not add up due to rounding.

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FY21 performance summary

• Record result achieved following completion of capital works initiatives

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	Year ended 30 June ($000)	2021	2020	2019
		Total revenue	26,216	20,715	24,938
		Profit after tax excluding fair value adjustment and government subsidies
		2,071	125	1,807
		Net gain / (loss) on fair value adjustment of investment properties after tax	1,769	(1,544)	167
use		Government subsidies net of tax	423	397	‐
	Reported profit/(loss) after tax	4,263	(1,022)	1,974
	Net gain/(loss) on fair value adjustment of land and buildings after tax	4,313	(3,695)	559
		Total comprehensive income	8,576	(4,717)	2,533
		Earnings per share (cents)	10.3	(2.5)	5.2
personalr	• Revenue increased to $26.216M from $20.715M in FY20
• Net profit after tax excluding fair value adjustments and government subsidies
		increased to $2.071M from $0.125M in FY20
	• Net gain on fair value adjustment of investment property and land and buildings
		reflects reversal of FY20 write‐downs
	 NTA per share of 102.0 cents as at 30 June 2021, up 23.3% from 82.7 cents last year

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FY21 segment contributions

only	Hotels segment result increased to $2.116M from $0.099M in prior year
•	Prior year result reflects mandatory COVID‐19 closure of hotel bar, bistro and gaming
	operations in Q4 FY20
	• Q1‐ Q3 FY21 revenues reflect strong initial result at Aspley Central Tavern after re‐opening
		post COVID‐19, offset by constrained Ashmore Tavern trading due to redevelopment works
		and COVID‐19 capacity limits
use	• Q4 FY21 revenues improved following Ashmore Tavern expansion
• Retail liquor continued to perform strongly throughout FY21 although corporate sales
		impacted by closure of tourism operations
	Investment properties result increased 6% to $2.293M
personal	• Leasing remained difficult in H1 FY21 with high vacancy level
•	Thousands
	Significant new leases commenced late H2 FY21
	• Plough Inn revenue remains steady
			$6,000			Segment Results		Represents earnings before finance
			$4,000							expenses, tax, depreciation, unallocated
									items and fair value adjustment on
								$2,293
				$2,367			investment properties - refer to the
			$2,000
				$1,310		$2,161	$2,116	Segment Information in Note 5 of the
			$‐		$99		FY21 Financial Statements
			FY19	FY21
				FY20
r						Hotels		Investment Properties

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	Review of hotels
	Ashmore Tavern capital works deliver growth capability
only	Atrium bistro (replaced bistro deck Q1 FY21 )
		•	capacity 120 patrons
		• all year/ all weather use
		•	function capability

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	Sports bar dining deck (new Q1 FY21)
personalr		•	capacity 60 patrons
	• covered outdoor area with fans,
			heaters and weather screens
		•	function capability

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