Scentre Group · ASX:SCG
Scentre — Q1 2016 Earnings Presentation
9 slides from Scentre's earnings presentation, April 2016
Slide 1: 1st Quarter Update to 31 March 2016
1st QUARTER UPDATE TO 31 MARCH 2016 Scentre Group Limited ABN 66 001 671 496 All amounts in Australian dollars unless otherwise specified The financial information included in this release is based on the Scentre Group’s IFRS financial statements. Non IFRS financial information included in this rele
Slide 2: Our Portfolio
OUR PORTFOLIO As at 31 December 2015 1 Australia New Zealand Total 2 Centres 34 6 40 Number of Retail Outlets 10,693 977 11,670 Gross Lettable Area (m sqm) 3.3 0.3 3.6 SCG Interest (bn) 3 $28.9 NZ$1.3 $30.1 JV Partner Interests (bn) 3 $11.0 NZ$1.1 $12.0 Assets Under Management (bn) 3 $39.9 NZ$2.4 $4
Slide 3: Operating Performance & Outlook
OPERATING PERFORMANCE & OUTLOOK Australia New Zealand Total Retail Sales1 Moving Annual Turnover (incl. GST) bn $20.7 NZ$1.9 $22.5 Specialty Store Retail Sales (incl. GST) (psm) $10,905 NZ$12,257 $10,946 Specialty Store Occupancy Cost (incl. GST) 17.8% Leasing1 Specialty Store Rent (psm) $1,608 NZ$1
Slide 4: Comparable Retail Sales Growth
COMPARABLE RETAIL SALES GROWTH Easter trading period occurred in Q1 2016 compared to Q2 in 2015 1st Quarter 2016 Update // Page 4
Slide 5: Comparable Retail Sales Growth
COMPARABLE RETAIL SALES GROWTH Total stable portfolio including mini majors and specialties Easter trading period occurred in Q1 2016 compared to Q2 in 2015 1st Quarter 2016 Update // Page 5
Slide 6: Project Details
PROJECT DETAILS ACTIVE PROJECTS Total Project SCG Share Project Yield Anticipated $m $m Range Completion Recent project highlights include: Scentre Group 2016 Starts Commenced $495m of developments in Chermside 355 355 2017 2016 (SCG share: $425m) North Lakes – Stage 2 140 70 2016 495 425 Comple
Slide 7: Developments
DEVELOPMENTS ACTIVE PROJECTS WESTFIELD CHERMSIDE Construction is now well underway for the $355m redevelopment at Westfield Chermside which is due for completion in mid-2017. Initial interest from retailers has been strong for each of the project’s three components: the fashion galleria mall, the ne
Slide 8: Developments
DEVELOPMENTS ACTIVE PROJECTS WESTFIELD WARRINGAH MALL Construction at Westfield Warringah Mall is progressing well and on track for completion in Q4 2016. In July 2016 the first stage of the $310m redevelopment will open with a new fresh food market and the Cross Street multi-deck parking structure
Slide 9: Developments
DEVELOPMENTS COMPLETED PROJECT CASEY CENTRAL In March 2016 Casey Central’s $155m redevelopment opened with 84 new specialty stores, a new full line Coles Supermarket adjoining a fresh food precinct, a new format Target discount department store and an Aldi supermarket. Highlights of the project incl