Scentre Group · ASX:SCG
Scentre — Q3 2022 Earnings Presentation
11 slides from Scentre's earnings presentation, Nov 10, 2022
Slide 1: Scentre Group 3rd Quarter Operational Update
ASX Announcement 10 November 2022 SCENTRE GROUP 3rd QUARTER OPERATIONAL UPDATE Scentre Group (ASX: SCG) today announced its 3rd quarter operational update for the period ended 30 September 2022. Scentre Group CEO Elliott Rusanow said: “The Group’s operating performance is strong with customers conti
Slide 2: Westfield Knox, strategic initiatives and 2022 guidance
The Group’s $355 million investment in Westfield Knox is progressing well. The Stage 1 Fresh Food market will open in December 2022, and the remainder of the development, including new and innovative community uses, will be delivered throughout 2023. Good progress continues to be made on the Group’s
Slide 3: Appendix
Appendix Q3 Operational Update | 2022 Westfield Knox, VIC (Artist Impression)
Slide 4: Operational Highlights
Our Purpose: Creating extraordinary places, connecting and enriching communities Our Plan: Creating the places more people choose to come, more often, for longer Our Ambition: To grow the business by becoming essential to people, their communities and businesses that interact with them 3 months to 9
Slide 5: Business Partner Sales
Business Partner Sales 1 The most productive and efficient platform for business partners $18.4bn $0.6bn +$3.5bn $17.3bn compared $1.3bn to 2021 $14.8bn $14.9bn Sales Growth $0.2bn For the 9 months to 30 September 2022, $0.4bn total sales are $3.5 billion higher than the 9 months to 30 September 202
Slide 6: Business Partner Sales (Comparable)
Business Partner Sales (Comparable) Comparable Growth vs 20191 Total Majors and Specialty sales were 14.8% higher for the 3 months to September and 11.9% higher for the 9 months to September compared to 2019 Specialty sales were 15.6% higher for the 3 months and 12.9% higher for the 9 months Majors
Slide 7: Business Partner Sales Growth over 2019
Business Partner Sales Growth over 20191 Total Majors and Specialty sales were 11.9% higher for the 3 months to September and 8.7% higher for the 9 months to September compared to 2019 Specialty sales were 12.7% higher for the 3 months and 9.7% higher for the 9 months Majors sales were 10.6% higher
Slide 8: Business Partner Sales Growth over 2021
Business Partner Sales Growth over 20211 Total Majors and Specialty sales were 69.3% higher for the 3 months to September and 21.0% higher for the 9 months to September compared to 2021 Specialty sales were 101.8% higher for the 3 months and 26.7% higher for the 9 months Majors sales were 34.9% high
Slide 9: Gross Rent Cash Collections
Gross Rent Cash Collections Cash collections continue to grow, exceeding billings and reducing trade debtors 3 months to 30 Sep 2022 9 months to 30 Sep 2022 $1,920m $670m +$285m +$235m $1,635m $435m Q3 21 Q3 22 YTD Sep 21 YTD Sep 22 Q3 2022 Operational Update 7
Slide 10: Developments
Developments Active project Westfield Knox, VIC Overview Project Cost $355m (SCG share: $177.5m) Commencement Q1 2022 Completion Stage 1, December 2022 / Remaining Stages, 2023 Highlights Incremental Project GLA 4,000sqm Westfield Knox, VIC Completed Centre GLA 144,810sqm Offering Introducing a dive
Slide 11: Important Notice
Important Notice All amounts are in Australian dollars unless otherwise specified. Non IFRS financial information SCENTRE GROUP LIMITED ABN 66 001 671 496 included in this document has not been audited or reviewed. This document contains forward- looking statements, including statements regarding fu