Scentre Group · ASX:SCG
Scentre — Q1 2017 Earnings Presentation
12 slides from Scentre's earnings presentation, May 5, 2017
Slide 1: 1st Quarter 2017 Update
1st QUARTER 2017 UPDATE Westfield Chermside Stage 1 Opening
Slide 2: Our Portfolio
Our Portfolio Australia As at 31 December 2016 Total 34 centres $31.1 billion1 Centres 39 Gross Lettable Area (sqm) 3.6m SCG Interest (bn) $32.3 JV Partner Interest (bn) $13.4 Weighted Average Capitalisation Rate 5.33% New Zealand 5 centres NZ$1.2 billion1 1. Includes construction in progress and as
Slide 3: Operating Performance & Outlook
Operating Performance & Outlook 31 March 2017 Outlook 31 December 2017 Total Sales (MAT) $22.7bn Funds from Operations Growth approximately 4.25% Specialty Store Sales Growth (psm) (MAT) 2.4% Distribution per security 21.73 cents (2% growth) Average Specialty Store Sales (psm) $11,230 Comparable NOI
Slide 4: Retail Sales Growth
Retail Sales Growth Comparable specialty sales growth by region1 2.4% 2.1% 4.0% Sales Growth, MAT Sales Growth, Quarter 3.5% Specialty sales per square Mini Majors 3.5% and 3.0% metre growth Specialties 1.8% sales per 2.6% square metre growth 2.0% 2.4% 2.4% 2.1% 2.0% 2.0% 1.8% 1.7% 1.6% Total portfo
Slide 5: Retail Sales Growth by category
Retail Sales Growth By category Comparable sales growth %1 3 months to 12 months to 31 Mar 2017 31 Mar 2017 Supermarkets 0.2% (0.8%) Department Stores (6.2%) (0.8%) Discount Department Stores (6.0%) (3.8%) Cinemas (3.8%) (5.7%) Fashion 1.7% 1.7% Footwear 1.4% 1.0% Jewellery 0.8% 5.0% Leisure (4.3%)
Slide 6: Project Details
Project Details $430m $435m >7.0% >15% Developments Developments Yields Total Returns Commenced in 2017 Completing in 2017 Targeted development yields in excess of 7.0% Forecast total returns in excess of 15% Carousel and Plenty Valley Chermside and Whitford City Active developments $m Total Project
Slide 7: Future development pipeline
Future development pipeline - Albany (NZ) - Booragoon (WA)1. - Coomera (QLD) >$3bn - Knox (VIC) - Kotara (NSW) Westfield Newmarket - Marion (SA) Future - Newmarket (NZ) - St Lukes (NZ) development - Stirling (Innaloo) (WA) pipeline - Sydney (NSW) - Tea Tree Plaza (SA) Westfield Coomera - Warringah M
Slide 8: Developments: Westfield Carousel
Developments Active project: Westfield Carousel Overview Project Cost $350m (SCG share: $350m) Commencement Q1 2017 Completion Q4 2018 Highlights Incremental Project GLA 27,500sqm Completed Centre GLA 110,000sqm New Anchors David Jones, international mini-majors, new entertainment, dining and leisur
Slide 9: Developments: Westfield Chermside
Developments Active project: Westfield Chermside Overview Project Cost $355m (SCG share: $355m) Commencement Q1 2016 Completion June 2017 Highlights Incremental Project GLA 33,000 sqm Completed Centre GLA1 156,000 sqm New Anchors Zara, H&M, Sephora New dining and leisure precinct Specialty Retail ap
Slide 10: Developments: Westfield Plenty Valley
Developments Active project: Westfield Plenty Valley Overview Project Cost $80m (SCG share: $40m) Commencement Q1 2017 Completion Q2 2018 Highlights Incremental Project GLA 10,300sqm Completed Centre GLA 63,500sqm New Anchors Village cinema, new dining and leisure precinct Specialty Retail approx. 2
Slide 11: Developments: Westfield Whitford City
Developments Active project: Westfield Whitford City Overview Project Cost $80m (SCG share: $40m) Commencement Q3 2016 Completion September 2017 Highlights Incremental Project GLA 5,000sqm Completed Centre GLA 85,000sqm New Anchors Events cinema (including Gold Class) New dining and leisure precinct
Slide 12: Important Notice
IMPORTANT NOTICE All amounts in Australian dollars unless otherwise specified. The financial information included in this document is based on the Scentre Group’s IFRS financial statements. Non IFRS financial information included in this document has not been audited or reviewed. This document conta