Scentre Group · ASX:SCG
Scentre — Q3 2024 Earnings Presentation
8 slides from Scentre's earnings presentation, Nov 7, 2024
Slide 1: Scentre Group Operating Update
ASX Announcement 7 November 2024 SCENTRE GROUP OPERATING UPDATE Scentre Group (ASX: SCG) today announced an operating update for the year-to-date. Scentre Group Chief Executive Officer Elliott Rusanow said: “Our focus on attracting more people to our 42 Westfield destinations has seen us welcome 429
Slide 2: Outlook and About Scentre Group
In October, the Group announced the recipients of the 2024 Westfield Local Heroes program, which is in its seventh year. Since 2018, the Group has contributed $8.6 million in community grants to 865 community organisations. Outlook Subject to no material change in conditions, the Group reconfirms th
Slide 3: Operating Update Appendix
Operating Update Appendix Westfield Chermside, QLD
Slide 4: Operating Highlights
OPERATING HIGHLIGHTS Growth4 Customer Visits1 429m +8.7m 6 Business Partner Sales2 $20.2bn +2.3% 15 4 3 4 Portfolio Occupancy3 99.4% +0.3% 7 2 Leasing Deals2 2,234 -15 1 WESTFIELD DESTINATIONS Gross Rent Collection2 $2,073m +$78m 42 Westfield destinations in close proximity to 20 million people and
Slide 5: Leasing Activity
Leasing Activity PORTFOLIO OCCUPANCY AVERAGE SPECIALTY RENT ESCALATIONS LEASING DEALS 99.4% +5.5% YTD 2,234 30bps 1 CPI + 2% average 867 New Merchants, 162 New Brands specialty rent escalations 2,464 99.4% 2,249 2,234 99.3% 2,083 99.1% 2,010 2,010 1,859 917 98.8% 857 867 AVERAGE SPECIALTY LEASING SP
Slide 6: Business Partner Sales: Growth Over 2019
Business Partner Sales Growth Over 20191 Total sales were 16.7% higher for the 12 months to September Total Portfolio 3 Months to 9 Months to 12 Months to Sales Growth by Category 30 Sep 2024 30 Sep 2024 30 Sep 2024 Specialty sales were 20.9% higher for the 12 months to September Fashion 13.6% 14.4%
Slide 7: Business Partner Sales: Growth Over 2023
Business Partner Sales Growth Over 20231 Total sales were 1.9% higher for the 3 months to September Total Portfolio 3 Months to 9 Months to 12 Months to Sales Growth by Category 30 Sep 2024 30 Sep 2024 30 Sep 2024 * Growth has been impacted by the department store downsizing projects Fashion (1.9%)
Slide 8: Important Notice
Important Notice All amounts in Australian dollars unless otherwise specified. SCENTRE GROUP LIMITED ABN 66 001 671 496 The material in this release and presentation is for general information purposes only and is given in summary form. Information in this presentation is not SCENTRE MANAGEMENT LIMI