Stockland · ASX:SGP
Stockland — Corporate Update (October 2020)
17 slides from Stockland's corporate update, Oct 20, 2020
Slide 1: 1Q21 Update
1Q21 Update 20 October 2020 GLENDALOUGH, WA Artist Impression
Slide 2: Key highlights
Group update Key highlights Consistent with our FY20 result, 1Q21 reflects the benefits of our diversified business model in a challenging environment. Our business is well positioned and our strategy is flexible to the changing market conditions and emerging opportunities presented by the recoverin
Slide 3: Communities
Communities WILLOWDALE, NSW 3
Slide 4: Strong September quarter reflects competitive advantage
Communities Strong September quarter reflects competitive advantage Residential NET SALES BY STATE • Net quarterly sales of 1,799 was the highest in over three years, reflecting low interest 4,000 rates, pent up demand, government stimulus, improved credit availability, customer preferences for mast
Slide 5: Enquiries remain strong; 2Q21 conversion rates will vary by state
Communities Enquiries remain strong; 2Q21 conversion rates will vary by state Residential MONTHLY ENQUIRIES - CALENDAR YEAR TO DATE • Enquiries remain strong at above pre-COVID-19 levels, despite some moderation in 14,000 13,365 August and September 12,000 3,495 • Qld and WA conversion rates likely
Slide 6: Enhanced value proposition for village living
Communities Enhanced value proposition for village living Retirement Living • Quarterly net sales of 195 reflected a 9% decrease on prior corresponding period. Excluding Victoria, 1Q21 net sales of 159 reflects a 15% increase on prior corresponding period, demonstrating increased value that customer
Slide 7: Commercial Property
Commercial Property YENNORA DISTRIBUTION CENTRE, NSW
Slide 8: Operating metrics improving
Commercial Property Operating metrics improving Retail Town Centres TO 30 SEPTEMBER 2020 TOTAL PORTFOLIO4 COMPARABLE CENTRES5 • Recovery in sales, foot traffic and store re-openings continued across the portfolio (excluding Victoria and a short-term decline at Wetherill Park (NSW)1 due to localised
Slide 9: Portfolio remains well positioned
Commercial Property Portfolio remains well positioned Workplace 1Q21 FY20 • Solid portfolio occupancy1 of 93.4% Leases executed 1,818sqm 14,177sqm • WALE2 of 2.9 years, aligned to the future development strategy • Reduced leasing activity reflecting the ongoing uncertainty surrounding COVID-19 Lease
Slide 10: Strong progress on Logistics developments
Commercial Property Strong progress on Logistics developments $125m M_Park Building 1 expected Stage 2 (Qld) completed October to commence construction early 2021 2020, ahead of program $1.5bn1 Total development 25,496 sqm GLA opportunity including the adjoining Johnson & Johnson (J&J) site Target y
Slide 11: 1Q21 rent collection – Commercial Property
Commercial Property 1Q21 rent collection1 – Commercial Property Total billings Collected2 Retail $168m 76% Logistics $47m 97% Workplace $18m 91% Total $233m 81% • Retail collections have continued to improve following the recovery in retail sales, increased foot traffic and store re-openings • Workp
Slide 12: Summary
Summary M_PARK, NSW Artist impression
Slide 13: FY21 outlook remains uncertain
Group Communities Commercial Summary update Property FY21 outlook remains uncertain KEYWEST, VIC Short-term strategic priorities • Continue our strong focus on customers and employees, health and wellbeing • Optimise customer experience Our diversified business model is well positioned, • Upweight W
Slide 14: 1Q21 Annexure
1Q21 Annexure BOKARINA BEACH, Qld
Slide 15: Residential Federal and State Government stimulus packages
Residential Federal and State Government stimulus packages WA Qld HOMEBUILDER FHOG1 HOMEBUILDER FHOG1 $25k $10k2 $25k $15k6 NSW HOMEBUILDER FHOG1 TOTAL BENEFIT GRANT TOTAL BENEFIT GRANT $25k $10k8 $35k $40k TOTAL BENEFIT GRANT OTHER SAVINGS OTHER SAVINGS $35k ~$14.5k stamp duty saving3 ~$16k stamp d
Slide 16: Commercial Property: Code of Conduct extensions and sales detail
Commercial Property Regulatory extensions of the Commercial Code of Conduct Announcement date Extended to NSW 23 September 2020 31 December 2020 31 December 2020 with capacity to Vic 20 August 2020 extend up to 26 April 2021 Qld 16 September 2020 31 December 2020 WA 10 September 2020 28 March 2021 S
Slide 17: Stockland Corporation Limited Important Notice
Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741; AFSL 241190 As responsible entity for Stockland Trust ARSN 092 897 348 Level 25 133 Castlereagh Street SYDNEY NSW 2000 Important Notice While every effort is made to provide accurate and complete inform