Collett’s Corner

OFFICE FOR HOLISTIC URBANISM

InvestorWorkshop 17.10.18

• Introduction

• Draft Share Offer

• Collett’s Corner LtdAgenda

Collett’s Corner

Introduction

Collett’s Corner

What does Ohu do?

Ohu builds communities by building buildings

• Listening to the community to identify the common purpose

• Working with groups of people to develop collectively owned assets

• Creating the legal, financial and social structures

• Building the team to deliver the project

Collett’s Corner’s Purpose

Work together to help rebuild the heart of Lyttelton

• Invest in livelihood & liveliness

• Create a sense of belonging and connection

About Collett’s Corner

Collett’s Corner is designed to create an attraction in Lyttelton.

• Hot Baths

• Coworking

• Restaurant

• Shops

• Apart-hotel

• Bar

• Cinema

Project Timeline

Ideation PhaseJul - Dec 2017• Seek community’s ideas• Develop options from

community input• Study financial feasibility for

each option

Scoping PhaseJan - May 2018• Seek feedback on

developed options• Identify preferred option• Write feasibility report

Design & PlanningJun 2018 - Jul 2019• Seek business owners• Run design competition• Appoint design team and

complete design• Apply for consents• Equity crowdfunding

campaign to raise capital for construction

ConstructionAug 2019 - Nov 2020• Build the building

OpeningDec 2020• Celebrate!

Project Update

What we have achieved:

• Purchased the land

• Identified the uses through listening to locals

• Ran a design competition and selected a winning design

• Secured initial investment

Next Steps

Working towards the equity crowdfunding campaign in February

• Identifying business owners

• Building the team to deliver the building

• Developing the design with public feedback and business owner feedback

• Ensuring the building meets consent requirements

• Optimising costs

• Appointing Directors

• Continuing to seek early investors

What is equity crowdfunding?

It is an opportunity to invest in the change we want to create in the world

• Many contributions towards a common cause

• Shared ownership and shared returns

• Collective investment in positive change

Why are we equity crowdfunding?

Work together to rebuild a prominent site in Lyttelton

• Be part of the first equity crowdfunded commercial development in NZ

• Demonstrate the power of collective ownership

• Support regenerative economic models and equitable wealth distribution

Use of Capital

Your investment will be used to build The Hive

• consultant fees

• consenting fees

• capital raise fees

• construction fees

Collett’s Corner

DRAFT Share Offer

Summary

Equity crowdfunding campaign raise

• Target $500,000 - $2,000,000

• Up to 20,000 shares equates to 32% of the company

• Minimum investment $100 = 1 share

• Maximum investment 10% of total number of shares = 6,241 shares

Who can invest?

Interested investors please sign up at www.collettscorner.nz • New Zealand residents and citizens

• Lytteltonians first via private campaign February 7th

• All lovers of Lyttelton second via public campaign February 14th-March 14th

Equity

Land purchase - Camia Young $720,000

1st Round (Private Small Business)

To prepare for the February equity crowdfunding campaign$500,000

2nd Round

equity crowdfunding campaign$2,000,000

3rd Round

direct investment equity investors (exempt)$1,700,000

TOTAL $4,920,000

Indicative Equity Raises

Indicative Share Structure

Equity Shares $/share

Land purchase - Camia Young $720,000 11,770 $61.17

1st Round (Private Small Business)

To prepare for the February equity crowdfunding campaign$500,000 8,173 $61.17

2nd Round

equity crowdfunding campaign$2,000,000 20,000 $100

3rd Round

direct investment equity investors (exempt)$1,700,000 17,000 $100

Ohu Development Founding Shareholder $0 5,467 $100

TOTAL $4,920,000 62,413

8.8%

32%Equity Crowdfunding February

27.2%

Ohu Development founder shares 5,467 (8.8%)

Shareholding Ownership raise

3rd Round investor shares 17,000 (27.2%)

2nd Round investor shares 20,000 (32.0%) Equity Crowdfunding February Raise assume $2,000,000 target met

First Round investor shares 8,173 (13.1%)

Land - Camia Young founder shares 11,770 (18.9%)

Indicative Share Structure

18.9%18.9%

Subject to demand Camia would sell down her shares to stay within the 10% cap. The initial investment exceeded the 10% cap.

Share Classes

There are two classes of shares

• Founder Shares

No cap on shareholding

• Investor Shares

Maximum 10% ownership of total shares

Rewards

What rewards would be good incentives?

• Love Lyttelton box of chocolates

• Love Lyttelton sticker

• Enter to win your favorite quote engraved in the courtyard

• Dinner Party with your fellow shareholders

• Date night tickets to the cinema

• other ideas that bring people together???

Land Purchase $720,000

Ohu Development Fee $175,000

Design and Professional Fees $605,000

Consenting $60,000

Construction $6,990,000

Sales and Marketing $264,000

Contingency $696,000

Holding Costs $95,000

Total Capital Costs $9,605,000

Debt 4,685,000

Equity 4,920,000

Total Funding $9,605,000

Estimated Costs

Potential Returns

2nd & 3rd

$3,740,000

2021 6.0%

2031 8.7%

2040 16.0%

Investment Rounds

yea

rs

Potential dividend returns over time (nominal)

Potential Share Value

2019 $100

2021 $141

2031 $262

2040 $421

one share

yea

rs

Potential value of single share over time (nominal)

Shareholder Communication

When will you hear from us?

• Annual AGM

• Quarterly newsletter with invitation to comment and feedback

• Voting held both online and in person at shareholder meetings

Trading Shares

Can you sell your shares?

• Yes, to other shareholders

Ex. ShareMarket.co.nz

• Future ambition to set up the infrastructure to sell shares across all of Ohu’s

projects

Ex. Brickx.com

Collett’s Corner

Team & Governance

Team

Who is doing what?

• Ohu Development is bringing together the community

• In:flux & Warren & Mahoney are the architects

• Build Tech is the development manager

• The project team is being appointed

Governance Collett’s Corner Ltd

Who appoints the initial directors?

• Founder shareholders appoint 3 of 5 directors

• All shareholders appoint 2 of 5 directors

Upcoming Events

Investor Forum (draft proposal) 17.10.2018 6:00 - 7:00pm

Participatory Design Workshop 30.10.2018 6:00 - 8:00pm

Investor Workshop 13.11.2018 6:00 - 7:00pm

Participatory Design Workshop 04.12.2018 6:00 - 8:00pm

Equity Crowdfunding Private Launch 07.02.2019 5:00pm

Equity Crowdfunding Public Launch 14.02.2019 5:00pm

Equity Crowdfunding Closes 14.03.2019 5:00pm

Please...

Thank you!

Let us know if you are interested in investing so

we can keep you informed:

www.collettscorner.nz

Let us know if you are keen to run/own a business

in the building.

Collett’s Corner

OFFICE FOR HOLISTIC URBANISM

InvestorWorkshop 17.10.18

Ohu Foundation

Charitable Trust

OhuLtd

Responsiblity- Holds 100% of the shares of Ohu Ltd- Appoints Ohu Directors- Disperses percentage of profit to charitable purpose

Responsiblity- Appoints Cheif Executive- Appoints subsidiary boards - Distributes and holds shares in subsidiary companies- Leads, Partners, Supports community minded property development- Holds the commons of legal documents

Collett’s Corner

Ltd

Responsiblity- Appoints project lead

Future Ltds

Future Trusts

Tony Chamberlain

Raf Manji

Ryan Reynolds

Camia Young

Huia Lambie

Claire Evans

Billy Matheson

Anna Guenther

Anake Goodall

Ohu Foundation Trustees

Ohu Ltd Team

James Stewart

Claire Newman

Saskia Tranter

Rob Christeller

Camia Young

Steven Moe

Sarah Manning

Kris Morrison

Peter Richardson

Claire Evans

Ohu Legal Team

Ohu Foundation• 100% Shareholder of Ohu Ltd• Appoints Ohu Directors• Disperses profits from Ohu Ltd

Ohu Ltd• Appoints Chief Executive• Leads, Partners, Supports

community minded property development

• Distributes and holds shares in subsidiary companies

• Holds the commons of legal documents

Project Ltds/Trust’s Responsibilities• Appoints project lead

PersephoneSingfield

Projected Dividends for a $100 Equity Crowdfunding Investor in Nominal Terms

20

18

16

14

12

10

8

6

4

2

02019 2025 2030 2035 2040 2045 2050

Projected Value for a $100 Equity Crowdfunding Investor in Nominal Terms800

700

600

500

400

300

200

100

02019 2025 2030 2035 2040 2045 2050

Total Projected Value for a $100 Equity Crowdfunding Investor in Nominal TermsIf you put all your dividends in the bank each year plus the value of your share.

1000

800

600

400

200

02019 2025 2030 2035 2040 2045 2050

Total Projected Value for a $100 Equity Crowdfunding Investor in Net Present ValueIf you put all your dividends in the bank each year plus the value of your share.

190

180

170

160

150

140

130

120

110

1002019 2025 2030 2035 2040 2045 2050

8.8%

32%Equity Crowdfunding February

27.2%

Ohu Development founder shares 5,467 (8.8%)

Shareholding Ownership raise

3rd Round investor shares 17,000 (27.2%)

2nd Round investor shares 20,000 (32.0%) Equity Crowdfunding February Raise

First Round investor shares 8,173 (13.1%)

Land - Camia Young founder shares 11,770 (18.9%)

Indicative Share Structure

18.9%18.9%

Investor shares 45,173 (72.3%)

Provisional ValuationJames: No this is not a valuation (previous slide)

Camia: we will need one, how do we arrive at it?

Governance Ohu Development Ltd

Ohu Foundation• 100% Shareholder of Ohu Development Ltd• Appoints Ohu Directors• Disperses profits from Ohu Development Ltd

Ohu Development Ltd• Directors appoint Chief Executive• Leads, Partners, Supports community minded property development• Distributes and holds shares in subsidiary companies• Holds the commons of legal documents

Project Ltds/Trust’s• Ohu Development Ltd is a founding shareholder of Collett’s Corner Ltd• Shareholders appoint directors• Independent board • Manages operations of the entity

$

$

$

fees / shares

profit

reinvested

Communities

Risk / Mitigation

CAMIA: I dont know what to put here yet, may have to skip in this presentation (sorry, I know it is super important).