Slide 1: March 2018 quarterly update
For personal use only Mandurah Forum, WA March 2018 quarterly update 1 May 2018
Slide 2: Portfolio strengthened
Portfolio strengthened FY18 funds from operations (FFO) earnings guidance firmed to 18.2 cents per security1 Sustained improvement in portfolio quality For personal use only Unrivalled premium CBD retail exposure with settlement of Sydney CBD Centres2 Chadstone, Australia’s number one centre, MAT up
Slide 3: Portfolio quality and performance benefiting from ongoing active management
Portfolio quality and performance benefiting from ongoing active management Specialty MAT has improved 22%1, and average asset value up 50%2, since merger For personal use only Comparable specialty store sales Improvement in metrics since merger Mar-18 11,000 Mar-183 Jun-15 Change 10,500 Number of r
Slide 4: Unrivalled premium retail offer across Australia's three largest CBDs
Unrivalled premium retail offer across Australia’s three largest CBDs Swap of premium Sydney assets settled Sydney CBD Centres For personal use only $1.1b Increase in assets under management $24,225 Specialty MAT/sqm 5.0% Specialty MAT growth 16.3% Specialty occupancy costs 60m Visitors annually Acq
Slide 5: Chadstone performing very strongly post development
Chadstone performing very strongly post development Consumers attracted by unparalleled high quality experience and expanded luxury, dining and entertainment offer $1.99b For personal use only Annual MAT on track to achieve $2b during the June 2018 quarter th 1 #1 >60% higher than next peer MAT acro
Slide 6: DFO portfolio continues to perform strongly
DFO portfolio continues to perform strongly Leading owner and manager of Outlet Centres in Australia For personal use only #1 Australia’s leading Outlet Centre portfolio 4.6% MAT growth 18.7% Average leasing spread March 2018 quarter 15.8% Annualised total return since acquisition $9,957 Specialty M
Slide 7: Portfolio sales by store type
Portfolio sales by store type Sales have improved across the majority of categories For personal use only Actual MAT Comparable1 growth Specialty stores Including Chadstone same-store sales and excluding pre-development centres4, MAT % of MAT Quarter growth was 1.7% (versus 0.4%) Mar-182 portfolio M
Slide 8: Portfolio specialty store performance
Portfolio specialty store performance Retail services, leisure and food catering showing solid growth Actual MAT Apparel Comparable1 growth For personal use only Impact from tenant administrations has reduced and benefits of remixing MAT % of MAT Quarter to stronger performing brands are being reali
Slide 9: Mandurah Forum – $320m major development
Mandurah Forum – $320m1 major development Final stage completed and successfully opened in March 2018 For personal use only Project involved a complete centre transformation Final stage opened 22 March 2018 Included new-format 4,000sqm David Jones store, H&M, premium fashion mall and over 100 specia
Slide 10: The Glen – Stage two of $430m major redevelopment opened
The Glen – Stage two of $430m1 major redevelopment opened First two stages of development successfully completed Stage one, fresh food precinct, exceeding expectations For personal use only since opening in October 2017 Stage two casual dining precinct successfully opened in March 2018 Includes firs
Slide 11: DFO Perth – $150m development of Perth's first DFO
DFO Perth – $150m1 development of Perth’s first DFO Nearing completion, on track for third quarter 2018 opening For personal use only Reinforces Vicinity’s leadership in Outlet Centres Leasing progressing well - tenants include Polo Ralph Lauren, Coach, Furla, Tommy Hilfiger, Calvin Klein and Skeche
Slide 12: Future project – Galleria
Future project – Galleria Retail expansion to reinforce centre as premier retail destination in north east Perth For personal use only Artist’s impression Vicinity Centres | March 2018 quarterly update | 1 May 2018 12
Slide 13: Future project – Chatswood Chase Sydney
Future project – Chatswood Chase Sydney Reinforce centre as Sydney’s dominant luxury and international retail, premium food and leisure destination For personal use only Artist’s impression Vicinity Centres | March 2018 quarterly update | 1 May 2018 13
Slide 14: Future project – The Myer Centre Brisbane
Future project – The Myer Centre Brisbane Reinforce centre as Brisbane CBD’s premier retail destination For personal use only Artist’s impression Vicinity Centres | March 2018 quarterly update | 1 May 2018 14
Slide 15: Future project – Bankstown Central
Future project – Bankstown Central Opportunity to create a new revitalised Bankstown CBD, capitalising on future metro line For personal use only Land owned by Vicinity Future metro station Artist’s impression Vicinity Centres | March 2018 quarterly update | 1 May 2018 15
Slide 16: Future project – Box Hill Central
Future project – Box Hill Central Create new town centre that leverages existing bus, tram, rail and road infrastructure, with significant residential population growth For personal use only Box Hill Central (North) Box Hill Central (South) Third party development sites proposed around Vicinity’s Bo
Slide 17: Intensive asset management driving tangible benefits
Intensive asset management driving tangible benefits Significant opportunities drive operational initiatives and income growth For personal use only Australia’s largest shopping centre solar investment project Rooftop launched panels Stage one $28m capital investment 11.2MW capacity being installed
Slide 18: Well positioned for the future
Well positioned for the future Sustained portfolio quality and performance improvement, with opportunities to generate additional value for securityholders For personal use only Significantly improved portfolio since merger Australia’s # 1 retail destination, Chadstone ($18,416/sqm1) Australia’s lea
Slide 19: Key dates
Key dates Investor calendar For personal use only Key dates Ex-distribution date for June 2018 distribution 28 June 2018 Record date for June 2018 distribution 29 June 2018 FY18 annual results 15 August 2018 June 2018 distribution payment 29 August 2018 2018 Annual General Meeting 1 November 2018 No
Slide 20: Contact details and disclaimer
Contact details and disclaimer For further information please contact: For personal use only 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