Stockland · ASX:SGP
Stockland — 3Q14 Earnings Presentation
12 slides from Stockland's earnings presentation, Apr 30, 2014
Slide 1: 3Q14 investor update - 30 April 2014
3Q14 investor update - 30 April 2014 Stockland Piccadilly, NSW Stockland 3Q14 | Page
Slide 2: Contents
Stockland investor update 00 Contents 01 Group update 3 04 Retirement Living 8 02 Commercial Property 5 05 Australand update 9 03 Residential 7 06 Executing our strategy 11 Stockland 3Q14 | Page 2
Slide 3: Group update
Group update 01 Group update On track to achieve 6% EPS growth for FY14, at the top end of our guidance range Residential sales are strong in our key corridors Leasing progress across all Commercial Property asset classes, albeit conditions remain patchy Comparable specialty store sales up 2
Slide 4: Creating sustainable, organic growth
Group update 01 Creating sustainable, organic growth RETAIL LOGISTICS & OFFICE RESIDENTIAL RETIREMENT LIVING BUSINESS PARKS Continuing active centre Logistics and Business Continuing to down-weight Continue to reshape Established unit remixing Parks strategy in place office portfolio portfolio reser
Slide 5: Commercial Property – Retail
Commercial Property 02 Commercial Property – Retail Total and comparable MAT growth Comparable As at 31 March 2014 specialty in place 24 months $8,690 Comparable sales2 growth impacted by: 5.1% 3Q14 per sqm (-0.8%) Moderate trading conditions 3.8% 3Q13 3.3% Later timing of Easter in 2014 2.7%
Slide 6: Commercial Property – Logistic and Business Parks, Office
Commercial Property 02 Commercial Property – Logistic and Business Parks, Office Logistics and Business Parks Logistics and Business Parks1 FYTD 1H14 Slight improvement in occupancy Asset value: $1.4b2 FY14 leases to date 21.7% of Logistics and Business Parks Leasing activity – executed 293,000
Slide 7: Residential – Broadening sales momentum
Residential 03 Residential – Broadening sales momentum Residential net deposits 1,741 1,500 net deposits for the quarter, strongest YTD results for 1,500 over four years 1,403 1,378 1,438 252 1,163 100 74 NSW 81 188 598 A robust result given limited NSW releases 494 WA 145 518 657 510 Only one
Slide 8: Retirement Living
Retirement Living 04 Retirement Living Retirement Living net reservations 231 237 Established unit net reservations are on track to achieve a 211 225 218 record number for FY14 153 164 138 Established FY14 ROA expected to be lower than 1H14; impacted by 152 158 increased development spend, with
Slide 9: Australand update
Australand update 05 Australand 120 Calendar YTD returns2 On 19 March, we announced the acquisition of 19.9% of Australand (ALZ), at an average price of $3.78 per security 19 March: We have proposed an indicative, non-binding and incomplete 115 Acquisition of 19.9% 25 March: stake announced by S
Slide 10: Australand (continued)
Australand update 05 Australand (continued) Benefits of a combined entity for both SGP and ALZ securityholders Securityholders would own the leading diversified property company in Australia, with strong market positions across all key lines of business, and share in the benefits of synergies goin
Slide 11: Executing our strategy
Executing our strategy 06 Executing our strategy Core strategy reaffirmed, focussed on: Our Our Building strong residential presales for FY15 and driving production purpose vision We believe there’s To be a great Australian Expanding market reach through medium density and a better way to live
Slide 12: Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited
Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741 25th Floor 133 Castlereagh Street SYDNEY NSW 2000 DISCLAIMER OF LIABILITY While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the informa