Stockland · ASX:SGP
Stockland — Corporate Update (April 2018)
20 slides from Stockland's corporate update, Apr 30, 2018
Slide 1: 3Q18 Stockland Update
For personal use only 3Q18 Stockland Update Stockland Green Hills, NSW
Slide 2: Agenda
Agenda For personal use only Group Update 3 Sustainability 6 Commercial Property 7 Residential Communities 13 Retirement Living Communities 15 Summary and Outlook 18 Annexure 19 Stockland 3Q18 Update 2
Slide 3: Group update
Group update For personal use only Creating liveable, affordable and sustainable communities Group results remain on track in a variable trading environment Positive residential trading conditions, with some moderation in Sydney as expected, on track for around 6,500 settlements in FY18 Retail sales
Slide 4: Stockland quick facts
Stockland quick facts For personal use only Trust ~70% of assets Corporation ~30% Retail Logistics & Residential Retirement Office Communities Living Town Centres Business Parks Communities Create market leading Grow and develop a Optimise returns Maximise returns by creating Leading operator and re
Slide 5: Creating desirable, sustainable communities
Creating desirable, sustainable communities For personal use only A better way to live ENHANCING CUSTOMER EXPERIENCE Residential Communities Wellbeing Residential Communities National Liveability1 Score of 83% Retirement Living Resident Wellbeing • Personal Wellbeing Index2 score of 82%, above Artis
Slide 6: Sustainability: Creating shared value
Sustainability For personal use only Creating shared value We own the most Green Star rated: We have designed the most Green Star rated Residential Communities in Australia Retail Town Centres Retirement Living in Australia Villages (Design & As Built) (and delivered Australia’s first Green 6 Star v
Slide 7: Retail Town Centres: Retail sales by category
Retail Town Centres For personal use only By category Retail Sales to 31 March 2018 Total Sales Comparable centre sales3 MAT Annual 3Q18 growth Growth2 Growth • Improving sales results reflect remixing and development Specialties <400sqm +2.5% +1.0% +2.6% activity, and a more supportive sales enviro
Slide 8: Retail Town Centres: Development update
Retail Town Centres For personal use only Development update • Green Hills (NSW) major stage opened March this year, with H&M to open in May and Hoyts in June; trading above expectations • Wendouree (Vic) progressing well, on track for completion in June; adding Woolworths, services, dining and yout
Slide 9: Green Hills opening success
Green Hills opening success For personal use only Stockland Green Hills, NSW Strong performance since opening March sales1: Total: +9.9% Specialties: +7.4% Stockland Green Hills, NSW Stockland Green Hills, NSW Stockland Green Hills, NSW 1. Like for like sales for 24 month in place tenants for the mo
Slide 10: Logistics & Business Parks and Office
Logistics & Business Parks and Office For personal use only Logistics and Business Parks FY18 year to date 1H18 Logistics & Business Parks Leases executed 223,800 sqm 214,700 sqm • Strong market conditions in Sydney and Melbourne, high Leasing activity under HOA 77,900 sqm 30,700 sqm occupancy maint
Slide 11: Logistics and Business Parks: Growing to 20% of portfolio
Logistics and Business Parks For personal use only Growing L&BP to 20% of our portfolio • Coopers Paddock, Warwick Farm, Sydney, completed in March, 100% leased to tenants including Daikin and Colette Coopers Paddock, Warwick Farm • Five year pipeline $600m+ including 55,000 sqm campus development i
Slide 12: L&BP: enhancing our portfolio
L&BP: enhancing our portfolio For personal use only Progressing our $760m current and future pipeline to deliver 7%+ FFO yields and 9%+ IRRs1 Coopers Paddock, Warwick Farm Ingleburn, Sydney Macquarie Tech Park - Artist impression Coopers Paddock, Warwick Farm 1. Incremental IRR and FFO yield 2. Fore
Slide 13: Residential Communities: Residential net deposits
Residential Communities For personal use only Residential net deposits - quarterly • Continuing strong trading conditions in Melbourne, some moderation in Sydney in line with expectations 1,891 1,864 • Lower net deposits in 3Q18 reflects: 1,672 312 1,561 • Fewer releases in Sydney 521 • Timing of ne
Slide 14: Creating sustainable communities
Creating sustainable communities Creating places that thrive into the future For personal use only Aura, Qld Cloverton, Vic Arve, Melbourne Cloverton, Vic Willowdale, Sydney Stockland 3Q18 Update 14
Slide 15: Retirement Living Communities
Retirement Living Communities Retirement Living reservations - quarterly For personal use only 244 209 206 • Sentiment gradually improving, but overall conditions 56 200 184 remain soft in line with 1H18 42 64 57 Development • Enquiry levels strong, conversion period remains 29 extended, which will
Slide 16: Retirement Living Communities: Strong resident focus
Retirement Living Communities For personal use only Strong resident focus Perception of Retirement Living now improving2 • Media coverage in mid-2017 impacted customer sentiment towards the retirement living sector, 73% sentiment gradually improving 59% • Broadening customer choice with Aspire, non-
Slide 17: Retirement Living Communities
Retirement Living Communities For personal use only Cardinal Freeman, Sydney Mernda, VIC Mernda, VIC Birtinya, Qld Mernda, VIC Stockland 3Q18 Update 17
Slide 18: Well positioned for long term sustainable growth
Well positioned for long term sustainable growth For personal use only • Reaffirming FFO per security growth of 5 – 6.5% in FY18, assuming no material change in market conditions • Distribution per security targeted at 26.5c representing 4% growth in FY18, assuming no material change in market condi
Slide 19: Annexure: Residential undersupply underpinning an elongated cycle
Annexure: Residential undersupply underpinning an elongated cycle For personal use only Dwelling commencements are elevated, but reverting to long term Pent up dwelling demand2 averages on a per capita basis and past their peak1 250 30 25 200 20 150 15 100 10 50 5 0 0 1987 1990 1993 1996 1999 2002 2
Slide 20: Important Notice
For personal use only Important Notice While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. This presentation contains forward-