Vicinity Centres · ASX:VCX
Vicinity Centres — Shareholder Meeting (November 2020)
29 slides from Vicinity Centres's shareholder meeting presentation, Nov 12, 2020
Slide 1: 2020 AGM addresses and presentation cover letter
12 November 2020 For personal use only Market Announcements Office Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2020 Annual General Meeting of Vicinity Centres (ASX:VCX) - Addresses and Presentation Please find attached copies of the addresses and pr
Slide 2: Chairman's address
For personal use only ASX Announcement 12 November 2020 2020 Annual General Meeting addresses Chairman’s address Trevor Gerber Good morning ladies and gentlemen. My name is Trevor Gerber and I am the Chairman of Vicinity Centres (Vicinity, ASX:VCX). On behalf of my fellow Directors, it is my pleasur
Slide 3: Your Board and welcome
Thank you to those securityholders who have submitted questions prior to the meeting. We will address For personal use only these during question time. Should we experience technical issues which result in the meeting being adjourned prematurely, we will resume the meeting this afternoon at 3pm AEDT
Slide 4: Debt facilities and COVID-19 impact
During the year, we negotiated $3.5 billion of new or extended debt facilities, including launching Vicinity’s For personal use only inaugural European Bond Program, with a 500 million Euro 10-year issue. But as you know, like many businesses in Australia, we have been materially impacted by COVID-1
Slide 5: A strategy focused on sustainable growth
A strategy focused on sustainable growth For personal use only Despite the challenges the COVID-19 pandemic has presented in 2020, Vicinity remains well positioned for future growth when economic conditions have stabilised. Our strategy remains unchanged. We will continue to focus on creating market
Slide 6: Chairman's acknowledgements
We recognise the critical role our centres play – in providing essential services, employment and our For personal use only retailers’ livelihoods, and for these reasons we have worked hard to keep them open. I would like to offer my condolences to the family of Wai Tang, a valued Vicinity Director
Slide 7: Response to COVID-19
Response to COVID-19 For personal use only Vicinity has been proactive in addressing the challenges of COVID-19, with a strong focus on the health, safety and wellbeing of our tenants, consumers and the communities in which we operate. The onset of COVID-19 earlier this year and evolving Federal and
Slide 8: Portfolio recovery and outlook
Portfolio recovery and outlook For personal use only Over the past three months, three macro trends impacting Australian retail have been clear. First, the Victorian lockdown has had a significant effect. Until recently in Melbourne, only essential retailers were permitted to trade under the Stage 4
Slide 9: Development planning progressed
As mentioned, during the period we also lodged five Development Applications or DAs for Bankstown For personal use only Central’s masterplan and received a number of approvals for Chadstone, Sunshine Marketplace and Bayside. I will now provide further details on each of these. Development planning p
Slide 10: Safety technology and outlook
To further enhance safety measures across our portfolio we have utilised Vicinity's industry-leading data For personal use only capabilities and new technologies. This includes implementing a new digital queuing system to manage capacity in retailers’ stores and reduce congestion in common areas, ut
Slide 11: Contact and about Vicinity Centres
For further information please contact: For personal use only Penny Berger Ali O’Shea Head of Investor Relations Corporate Communications Manager T +61 2 8229 7760 T +61 3 7001 4130 E penny.berger@vicinity.com.au E ali.oshea@vicinity.com.au About Vicinity Centres Vicinity Centres (Vicinity) is one o
Slide 12: Annual General Meeting November 2020
For personal use only 2020 Annual General Meeting 12 November 2020 Vicinity Centres | 2020 Annual General Meeting | 12 November 2020
Slide 13: Chairman's address
For personal use only Chairman’s address Trevor Gerber CHAIRMAN Vicinity Centres | 2020 Annual General Meeting | 12 November 2020 Chadstone, VIC
Slide 14: Your Board
Your Board For personal use only Trevor Gerber Grant Kelley Clive Appleton Tim Hammon (Chairman) NOM*, AUD, RHR (CEO and Managing Director) RC*, NOM, RHR Peter Kahan Janette Kendall Karen Penrose Dr David Thurin AM RHR*, AUD, NOM RHR, RC AUD*, RC Committee memberships: AUD = Audit, NOM = Nominations
Slide 15: Welcome
Welcome For personal use only Chairman’s address Trevor Gerber Chairman CEO and Managing Director’s Grant Kelley address CEO and Managing Director Formalities of the meeting Trevor Gerber Chairman Queen Victoria Building, NSW Note: Data throughout this presentation is for the 12 months ended 30 June
Slide 16: Vicinity well positioned for COVID-19 recovery
Vicinity well positioned for COVID-19 recovery Continued delivery on strategy, with a proactive response to COVID-19 For personal use only Continued delivery on strategy Pro-active Vicinity well positioned during FY20 COVID-19 response going forward Divested Mobilised Safety first 3 non-core assets
Slide 17: A strategy focused on sustainable growth
A strategy focused on sustainable growth Structured to create value over the long term Our business model Our values For personal use only Horizon 1 Current value driver Ongoing Strengthening We portfolio the portfolio always review collaborate Market-leading destinations Accretive developments, We
Slide 18: Leadership in sustainability
Leadership in sustainability Delivering sustainable long-term value for our securityholders and communities $730,000+ NABERS Energy rating #3 For personal use only contributed increased to 4.6 Stars2 Included in global listed retail 17% towards (3.9 Stars Dec 19) CDP 2019 company in 2019 reduction b
Slide 19: CEO and Managing Director's address
For personal use only CEO and Managing Director’s address Grant Kelley CEO AND MANAGING DIRECTOR Vicinity Centres | 2020 Annual General Meeting | 12 November 2020 QueensPlaza, QLD
Slide 20: Your Executive Committee
Your Executive Committee For personal use only Grant Kelley Peter Huddle Nicholas Schiffer Carolyn Reynolds CEO and Managing Director (KMP) Chief Operating Officer (KMP) Chief Financial Officer (KMP) General Counsel Carolyn Viney David Marcun Ian Padgham Justin Mills Tanya Southey Chief Development
Slide 21: Response to COVID-19
Response to COVID-19 Rapid, agile and focused approach across the business Health, safety and wellbeing our highest priority For personal use only Agile approach with clear communications Proactive and rapid response to government directives Assisted retailers Short-term lease variations COVID-19 Re
Slide 22: FY20 financial performance
FY20 financial performance Two very different halves, strong balance sheet Net loss Funds from operations (FFO) Distribution For personal use only after tax per security per security Gearing1 $1,801 million 13.66 cents 7.70 cents 25.5% 1H: $243m net profit after tax 1H: 8.95 cents 1H: 7.70 cents $1.
Slide 23: Portfolio recovery and outlook
Portfolio recovery and outlook Significant centre visitation improvement when COVID-19 concerns dissipate For personal use only Three macro trends impacting Australian retail 2020 centre visitation variance by week¹ Victoria: Stage 4 lockdown for 12 weeks, 83% of Vicinity stores closed Weekly traffi
Slide 24: September 2020 quarter update
September 2020 quarter update Retail sales recovery in markets with lower COVID-19 concerns For personal use only Key portfolio metrics Retail activity improved outside of Victoria and CBDs Low COVID-19 concerns Total Portfolio portfolio (ex-VIC and CBDs) Improvement in centre visitation and sales H
Slide 25: Development planning progressed
Development Development planning progressed For personal use only Chadstone, VIC – Artist’s impression Sunshine Marketplace, VIC – Artist’s impression Bayside, VIC – Artist’s impression Vicinity Centres | 2020 Annual General Meeting | 12 November 2020 14
Slide 26: Major retail and mixed-use projects planned
Development Major retail and mixed-use projects planned For personal use only Victoria Gardens Shopping Centre, VIC – Artist’s impression Bankstown Central, NSW – Artist’s impression Box Hill Central, VIC – Artist’s impression Vicinity Centres | 2020 Annual General Meeting | 12 November 2020 15
Slide 27: Victoria re-opening
Victoria re-opening Victorians have been quick to return to in-store shopping, which Vicinity is facilitating in a COVID-Safe manner Significant increase in Victorian weekly centre visitation For personal use only 25 October 2020: 39% of prior year 8 November 2020: 77% of prior year 4.4m customer vi
Slide 28: Outlook
Outlook Vicinity is well positioned for COVID-19 recovery, but near-term challenges remain Outlook improved For personal use only Low COVID-19 case numbers nationally Increasing centre visitation Near-term challenges COVID-19 risks remain Short-term lease negotiations to be finalised Vicinity well p
Slide 29: Contact details and disclaimer
Contact details and disclaimer For personal use only For further information please contact: Penny Berger Troy Dahms Head of Investor Relations Senior Investor Relations Manager T +61 2 8229 7760 T +61 2 8229 7763 E penny.berger@vicinity.com.au E troy.dahms@vicinity.com.au Disclaimer This document i
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