Slide 1: Centro Retail Australia AGM 31 October 2012 cover letter
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Slide 2: Chairman Script: Welcome and Introductions
Centro Retail Australia Annual General Meeting Tuesday 31 October 2012 Chairman Script (as at 5pm 30/10/12) SLIDE 3: WELCOME & INTRODUCTIONS Good afternoon ladies and gentlemen. Welcome to the Annual General Meeting of Centro Retail Australia and thank you for your attendance today. My name is Bob E
Slide 3: Chairman Script: New Board and Overview
Although these remain separate, each is stapled so that they are traded as a single interest on the ASX as Centro Retail Australia. The restructure and Aggregation followed a difficult four years for Centro entities. This was an intensely challenging period that tested the patience of all concerned
Slide 4: Chairman Script: Strategy Review
While REITs may not always provide the highest return, when comparative returns are risk adjusted and volatility considered over a longer period, a quite different value proposition emerges. For the 12 months ended 30 June 2012, the S&P/ASX 200 Australian REIT Index has provided investors with a tot
Slide 5: Chairman Script: Remuneration Report and Outlook
As part of this vision, we are committed to. • Enhancement of total securityholder returns, • Becoming an employer of choice to attract and retain the best talent for our organisation • Providing a quality ‘shopping centre product’ for our retailers; and • Becoming a grass-roots contributor to the c
Slide 6: Conclusion
opportunities available to us. We are actively prioritising these opportunities for future growth by progressing these in a disciplined and measured way. Naturally, our future plans are necessarily dependent on expected business conditions, both in Australia and other parts of the world. These remai
Slide 7: Centro Retail Australia Annual General Meeting
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Slide 8: Agenda of the meeting
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Slide 9: Board of Directors
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Slide 10: Board re-election
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Slide 11: Centro Retail Australia overview
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Slide 12: Securityholder returns and performance
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Slide 13: Group vision
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Slide 14: Remuneration report information
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Slide 15: Growth prospects and outlook
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Slide 16: Items of business
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Slide 17: CEO Script: Welcome and Introductions
Centro Retail Australia Annual General Meeting Tuesday 31 October 2012 CEO’s Script SLIDE 1: WELCOME & INTRODUCTIONS Thank you Bob. As Managing Director and CEO of Centro Retail Australia, it is my pleasure to be able to talk to you today. This afternoon, I will provide a high level business overvie
Slide 18: CEO Script: Positive Events and Retail Outlook
SLIDE 3: POSITIVE EVENTS SINCE AGGREGATION Since the beginning of this calendar year, we, as a team, have worked diligently to successfully complete a number of strategic objectives which has been reflected in strong relative share price performance. In particular, • The settlement of the legacy cla
Slide 19: CEO Script: Portfolio Operational Performance
predominantly sub-regional shopping centres are well positioned to perform strongly in the current environment. Moving into FY13, consumers are being impacted by rising costs of living, however on average are still “spending”, just not in channels and categories as they have always done. We see trav
Slide 20: CEO Script: Sales Analysis
SLIDE 6: SALES ANALYSIS Now turning to our sales analysis. Tough trading conditions were the prevailing trend throughout FY12, with only modest growth recorded, owing to the factors previously mentioned. The surge in overseas travel is considered one of the biggest overall impacts on discretionary s
Slide 21: CEO Script: Financial Performance
SLIDE 7: FINANCIAL PERFORMANCE Now moving to our financial performance for the year. The headline FY12 key financial results are as follows: • Net Statutory Loss for the period of $222.9 million, primarily owing to one-off costs associated with the restructure, including fair value liability adjustm
Slide 22: CEO Script: Strategy Review
• Recently agreed with core lenders to add significant term to our debt facilities at a reduced expense; • Gearing of 26%, which is at the low end of our target range; and • Significant borrowing capacity to fund likely future developments or other strategic initiatives. However, further capital opp
Slide 23: CEO Script: Outlook
base case enhancement opportunities over the next five years, the focus of this team is to now review the multitude of opportunities that exist across our portfolio, working closely with our retailer partners to ensure we deliver a product that is suitable to the current and evolving retail environm
Slide 24: Closing remarks
In closing, I would like to acknowledge the achievements of the Board and management team, who in the space of only seven months, have moved swiftly to put in place a solid platform from which we can move forward. It is against this backdrop we are confident of being able to deliver superior returns
Slide 25: Management team
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Slide 26: Centro Retail Australia at a glance
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Slide 27: Daily trading volume and relative share price
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Slide 28: Managed portfolio by state and asset value
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Slide 29: Property operations review
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Slide 30: Portfolio by centre type and tenancy
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Slide 31: FY12 Result Highlights
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Slide 32: Asset ownership and operational excellence
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Slide 33: Portfolio management and capital strategy
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