Slide 1: Cover letter to ASX: 2019 AGM addresses and presentation
14 November 2019 For personal use only Market Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam 2019 Annual General Meeting of Vicinity Centres - Addresses and Presentation Please find attached copies of the Chairman’s and CEO and Managing Director’s addresses and pres
Slide 2: Chairman's address: A strategy focused on sustainable growth
For personal use only ASX Announcement 14 November 2019 2019 Annual General Meeting addresses Chairman’s address Peter Hay A strategy focused on sustainable growth Vicinity Centres (Vicinity, ASX:VCX) continues to be well positioned for growth and to create long term sustainable value for securityho
Slide 3: Leadership in sustainability
Leadership in sustainability For personal use only Sustainability is key to value creation over the long-term and Vicinity is a leader amongst its retail peers globally. Recognising our responsibility not only to prepare for, but to facilitate, a low-carbon economy, this year Vicinity committed to a
Slide 4: CEO and Managing Director's address
CEO and Managing Director’s address For personal use only Grant Kelley Introduction Thank you Chairman and good morning everyone. I would also like to acknowledge the traditional custodians of the land on which we meet, and pay my respects to their Elders past and present. Before I start, I would li
Slide 5: CEO address: portfolio and FY19 financial performance
For personal use only Second, we have a highly sought after portfolio of premium CBD centres in Australia’s three largest cities, including Emporium here in Melbourne, the Queen Victoria Building in Sydney, and QueensPlaza in Brisbane. Third, we have Australia’s number one Outlet Centre portfolio, w
Slide 6: CEO address: leasing and data analytics
While leasing spreads declined slightly, it is worth noting that leases for specialty stores have 5% fixed For personal use only annual increases throughout the lease term, and as such lease renewals commence at 1.2x the lease payment from five years previously, in nominal terms. Data analytics and
Slide 7: CEO address: development updates
Emporium Melbourne, VIC For personal use only A redevelopment is also underway at Emporium Melbourne to introduce Australia’s first Esports venue in a shopping centre. Planned to operate 7 days a week, from 10am until late, the venue will feature a 200-seat Esports arena, more than 160 gaming PCs, a
Slide 8: CEO address: developments and summary
In August, we also acquired land adjacent to Victoria Gardens in Richmond, enabling the development of a For personal use only non-retail tower on the site, along with a revitalisation of the retail offering. And finally, we continue to investigate a range of retail and mixed-use development options
Slide 9: 2019 Annual General Meeting
For personal use only 2019 Annual General Meeting 14 November 2019 Discover more Vicinity Centres | 2019 Annual General Meeting | 14 November 2019
Slide 10: Chairman's address
For personal use only Chairman’s address Peter Hay Vicinity Centres | 2019 Annual General Meeting | 14 November 2019 Queen Victoria Building, NSW
Slide 11: Your Board
Your Board For personal use only Peter Hay Trevor Gerber Clive Appleton Dr David Thurin Janette Kendall (Acting Chairman) (Chairman-elect) NOM, RC NOM, RHR NOM* AUD, RHR Karen Penrose Peter Kahan Tim Hammon Wai Tang Grant Kelley AUD*, RC RHR*, AUD RC*, NOM, RHR AUD, RC (CEO and Managing Director) Co
Slide 12: Welcome
Welcome For personal use only Chairman’s address Peter Hay Acting Chairman CEO and Managing Director’s address Grant Kelley CEO and Managing Director Formalities of the meeting Peter Hay Acting Chairman Emporium Melbourne, VIC Note: Data throughout this presentation is for the 12 months ended 30 Jun
Slide 13: A strategy focused on sustainable growth
A strategy focused on sustainable growth Strongly positioned now and into the future Horizon 1 Market-leading Our values For personal use only Current value driver destinations We always collaborate We embrace difference Horizon 2 Future value drivers We imagine a better way Vicinity Centres | 2019
Slide 14: Executing on strategy of market-leading destination portfolio
Executing on strategy of market-leading destination portfolio Productive capital recycling from 2015 to 2019 driving value for securityholders For personal use only Repositioned Reinvested Strengthened portfolio capital key metrics Specialty MAT/sqm Proceeds Reinvestment +35% (to Sep-19) (35) 3.3 Av
Slide 15: Leadership in sustainability
Leadership in sustainability Delivering sustainable long-term value for our communities and securityholders #6 most sustainable ABA100® #3 For personal use only Net Zero real estate company globally award global listed 14% carbon target for climate retail company reduction in energy by 20301 resilie
Slide 16: CEO and Managing Director's address
For personal use only CEO and Managing Director’s address Grant Kelley Vicinity Centres | 2019 Annual General Meeting | 14 November 2019 QueensPlaza, QLD
Slide 17: Your Executive Committee
Your Executive Committee For personal use only Grant Kelley Peter Huddle Nicholas Schiffer Carolyn Reynolds CEO and Managing Director Chief Operating Officer Chief Financial Officer General Counsel KMP KMP KMP Carolyn Viney David Marcun Ian Padgham Justin Mills Tanya Southey Chief Development Office
Slide 18: Vicinity is strongly positioned now and into the future
Vicinity is strongly positioned now and into the future Attractive portfolio a first port of call for Australian and international retailers CHADSTONE PREMIUM CBD For personal use only Australia’s #1 LOCATIONS retail asset Unrivalled Australian east coast retail offer Chadstone, VIC Emporium Melbour
Slide 19: FY19 financial performance
FY19 financial performance Solid performance with a robust balance sheet Funds from operations (FFO) For personal use only Net profit after tax per security growth1 Distribution per security Gearing2 $346.1 million +2.0% 15.9 cents 27.1% • Driven by underlying growth • Underpinned by comparable • Co
Slide 20: Portfolio performance
Portfolio performance Portfolio performing well, with effectively full shopping centres Specialty and mini majors For personal use only Specialty sales per sqm1 MAT2 growth1 Occupancy rate Leasing spreads3 $11,327 +3.0% 99.5% -2.0% • Adjusted for the divestment of • Specialty MAT growth +2.0% • Port
Slide 21: Data analytics and insights powering retail
Data analytics and insights powering retail Data-led intelligence is strengthening decision-making For personal use only Cross-shop by % of devices – top 15 Heat map - Northland, VIC Broadmeadows Central, VIC Leasing Marketing Ancillary income Operational efficiencies • Optimising tenant selection,
Slide 22: Roselands, NSW
Roselands, NSW Vibrant new food destination For personal use only Project cost1 $90 million Project completed October 2019 Lower ground floor transformation to create ‘The Markets’ Focus on fresh food and casual dining Woolworths and Aldi added to centre, with revitalised food and services specialty
Slide 23: Hotel Chadstone Melbourne, VIC
Hotel Chadstone Melbourne, VIC Melbourne’s newest 5-star hotel – a new mixed-use addition to Vicinity’s portfolio For personal use only Project cost1 $130 million Project completed November 2019 MGallery by Sofitel hotel 250 rooms including suites and penthouses Two restaurants: Pastore by Pickett a
Slide 24: Emporium Melbourne, VIC
Emporium Melbourne, VIC Introducing Australia’s first Fortress esports and video gaming venue For personal use only Fortress Esports Australian-first venue Targeted completion March 2020 Strong and growing global entertainment concept Multi-floor tenancy trading 7 days – 10am to late Expected to exp
Slide 25: The Glen, VIC
The Glen, VIC Complete centre revitalisation and expansion For personal use only Project cost1 $430 million Project nearing completion Late FY20 Latest format David Jones store New contemporary food gallery, with casual dining hub and an outdoor dining precinct Fashion mall anchored by H&M and Uniql
Slide 26: Chatswood Chase Sydney, NSW
Chatswood Chase Sydney, NSW Transformational development to reinforce centre’s position as the premium retail destination on Sydney’s north shore For personal use only Project cost1 $475-$500 million Development to commence Mid-2020 Project to enhance premium, lifestyle and dining offer tailoring to
Slide 27: Ellenbrook Central, WA
Ellenbrook Central, WA Reinforces the centre’s dominant position in Perth’s growing North Eastern suburbs For personal use only Project cost $63 million Development commenced August 2019 Introduces new Kmart store, three mini majors and 15 specialty stores Completion expected in Sep-20 quarter Artis
Slide 28: Retail and mixed-use developments in planning
Retail and mixed-use developments in planning Maximising real estate value and creating communities of the future Box Hill Central Site masterplan complete, retail DA For personal use only VIC to be lodged early 2020 Bankstown Central Council supportive of mixed-use NSW masterplan, DA to be lodged i
Slide 29: Summary
Summary Strategy positions Vicinity well to drive future growth For personal use only Solid financial results delivered in a challenging retail environment Strong balance sheet with broad funding flexibility Repositioning of existing portfolio progressed Strong focus on operational efficiency and le
Slide 30: Key dates
Key dates Investor calendar For personal use only Key dates Ex-distribution date for December 2019 distribution 30 December 2019 Record date for December 2019 distribution 31 December 2019 FY20 interim results 19 February 2020 December 2019 distribution payment 2 March 2020 Note: These dates are ind
Slide 31: 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
Slide 32: Discover more
For personal use only Discover more Vicinity Centres | 2019 Annual General Meeting | 14 November 2019