Stockland · ASX:SGP
Stockland — Investor Presentation (March 2005)
14 slides from Stockland's investor presentation, Mar 2, 2005
Slide 1: Development Division Presentation — 2 March 2005
© Stockland 2 March 2005 Level 16 157 Liverpool Street SYDNEY NSW 2000 www.stockland.com.au Company Announcements Manager Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 Development Division Presentation — 2 March 2005 Attached is a presentation relating to Stockland’s Development
Slide 2: Investor Tour — Queensland
Investor Tour — Queensland March 2005 Denis Hickey CEO - Development Di O Stockland Outline Stockland Business Mode! Lensworth Status Asset / Product Mix Finance & Risk Management
Slide 3: Stockland Business Model: Two Distinct Business Models
Outline « Stockland Business Model Stockland Business Model There Are (wo Distinct Business Models Land Ownership Land is 100% owned by developer (leveraged or un- leveraged) Developer receives 100% of revenue from end sale Land Management * + Land owned by original owner Developer pays land owner o
Slide 4: Where is Profit Driven From?
Seles Proceerta (8) Stockland Business Model Where is Profit Driven From? Land Management HpEVerAD) Developer: eS 100% of revenue from end: Pron Spit Value created through approvats & development Vaiue created through approvais & development e Ps 3 g & % 4 we Cost of Land: Costoftand: Stockland Busi
Slide 5: Stockland's Current Position and Future Approach
Stockland Business Model Stockland’s Current Position 94% of projects 100% owned « § projects under management model rere » Prince Henry (NSW) $400 million |, Weinschmidt (QLD) $148 million “4 Newhaven (WA) $140 million + Macarthur Gardens (NSW) $66 million « Hawkstowe (VIC) S45 rill Stockland Busin
Slide 6: Lensworth Status
Outline * Lensworth Status Lensworth Status Took possession of the Lensworth business on 40 December 2004 Whole of life project review on all projects complete — no Surprises Fully transferred VIC & NSW projects into our Business Units Lensworth QLD projects to transfer by 31 March Inherited quality
Slide 7: Lensworth Yield
Lensworth Status Lensworth Yield *» On 10 December we advised we acquired 29,576 residential lots Included in this figure are 8& sites that were Classified as residential ‘Super lots’ + These 85 sites can yield 2,100 lots (@ 15 lots per hectare) » Additionally, over and above the 29.576 Iois, there
Slide 8: Lensworth Value per Lot and Valuation Method
Lensworth Status Stockland has effectively paid $24,691 per lot for the Lensworth portfolio However, this is only a guide to determining ‘value’ - as other considerations are: A The quality and location of the land held THE type and size of the lots Whether the lots are wholly owned, partially owned
Slide 9: Lensworth Status
Lensworth Status Pariod Ending. End Date PNB SENOP ENG ENA SENATE EVAZ EVI EIS 2034 2018: tkis a Outline * Asset / Product Mix
Slide 10: Lots / Units Controlled — Development Division
Asset / Product Mix 24 Projects 4 Project Asset / Product Mix Lots / Units Controlled — Development Division Residentia} 2) Estates 63,000 No. of Lots ‘Apartments 2100 Total Number: 65,100 Estimated End Value Apartments $2.0 bn fi Residential: Estates: $42.7 bn Estimated End Value $14.7 billion {une
Slide 11: Lots Controlled — Residential Estates
Asset / Product Mix Lots Controlied — Residential Estates No. of Lots Total Number 63,000 Estimated End Vaiue WA ‘$650 MIC NSW $4,700m. = . $2,850 OLB: $7.en0m, Estimated End Value $12.7 billion Asset / Product Mix Diverse Queensland Holdings “ exclides Caloundra Downs: = estimated: No. of Lots Nort
Slide 12: Combined Residential Estates portfolio
Asset / Product Mix * (Stockland and Lensworth’s combined Residential Estates portfolio has a good mix of small, medium and large scale projects Key Benefits » Greater flexibility and diversity * Wariety of projects to cater for specific market segments Outline « Finance & Risk Management 11
Slide 13: Finance & Risk Management
Finance & Risk Management « Strong commitment to risk management practices ~ Full 9 year forecasis every 6 months ~ Whole of life project performance reviews every quarter — Regular contingency modelling — Robust authorisation process — thorough but not bureaucratic Finance & Risk Management « Prove
Slide 14: Strong Sales Recorded this Financial Year
Finance & Risk Management Strong Sales Recorded this Financial Year « Contracts on hand as at 28 February — Residential Estates $172 million ~ Apartments $37 million « Approximately 80% of full year budget Good Flow of New Projects * 9 projects to be released by 30 June 2005 « Further projects relea