Lendlease Group · ASX:LLC
Lendlease — Macquarie Australia Conference 2011
17 slides from Lendlease's conference presentation, May 5, 2011
Slide 1: Lend Lease presentation at Macquarie Australia Conference in Sydney
ASX Announcement Lend Lease presentation at Macquarie Australia Conference in For personal use only Sydney 5 May 2011 Attached is the presentation given by Lend Lease Group Chief Executive Officer and Managing Director, Mr Steve McCann at today’s Macquarie Australia Conference being held in Sydney.
Slide 2: Macquarie Australia Conference May 2011
Macquarie Australia Conference May 2011 For personal use only
Slide 3: Important Notice
Important Notice For personal use only This presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the accuracy, adequacy or reliability of any statements, estimates, opinions or other information contained in the presentation (any of which
Slide 4: Integrated business model
Integrated business model Project Management Development Investment Management Infrastructure Development For personal use only and Construction Development of master-planned Provides real estate investment Provides project management and Manages and invests in large urban communities, inner-city ma
Slide 5: Continued focus on key growth trends
For personal use only Continued focus on key growth trends Leading urban renewal projects in Australia, UK and Singapore Urban Regeneration Focus on delivery and execution No. 1 senior living platform in Australia Ageing Population 70 retirement villages and 32 aged care facilities Number
Slide 6: Progress since half year result
For personal use only Progress since half year result 1st half operating profit after tax of A$220.2m positions the Group well for the full year Continued success in capital recycling and pipeline wins since first half result Valemus integration on track Progress on major projects Positive
Slide 7: Positive performance across portfolio
For personal use only Positive performance across portfolio Dec 2010 June 2010 A$m A$m Funds under management (A$b) 10.7 10.1 Investments (A$b) 1.8 2.0 Residential units - zoned 63,068 54,615 Residential units - unzoned 26,148 33,295 Construction backlog revenue (A$m) excluding Valemus 6,556.1 7,152
Slide 8: Earnings split
Earnings split Sector Earnings Split 1 For personal use only June 2010 Proforma2 June 2010 Actual Investment Project Management Management Investment 22% & Construction Management Project 20% 28% Management & Construction 37% Infrastructure Development 11% Infrastructure Development Development 14%
Slide 9: Acquisition of Valemus in line with strategy
Acquisition of Valemus in line with strategy In line with strategy to capitalise on key growth trend of infrastructure For personal use only Strategic rationale Ability to self perform internal Lend Lease infrastructure work where previously there was limited capability Order book in excess of
Slide 10: Australia business update
Australia business update Long term fundamentals of residential market For personal use only remain solid, short term impacted by market Operating Profit after Tax Dec 2010 A$m Dec 2009 A$m uncertainty and consumer sentiment Development 79.8 44.0 NSW/ ACT remain strong, Victoria is solid but Dev
Slide 11: Barangaroo South, Sydney
For personal use only Barangaroo South, Sydney Extension of the Sydney CBD Estimated $A6b end value Development period 10 to 15 years Stage 1 - 7.5 hectare site area Up to 490,000 sqm total GFA Commercial, Residential and Retail 10
Slide 12: Asia business update
For personal use only Asia business update Operating Profit Dec 2010 Dec 2009 Finalised purchase of Jurong Gateway mixed- after Tax A$m A$m Development use site with Asian Retail Investment Fund Development (0.2) 0.5 PM & C 10.7 12.5 Investment 5.3 8.5 Management New work secured up 163% as at D
Slide 13: Europe business update
For personal use only Europe business update Operating Profit Dec 2010 Dec 2009 Approvals for major projects on track after Tax A$m A$m Development Pier Walk building sold Development 4.8 24.5 PM & C 4.4 2.1 New work secured up 42% - includes Regents Investment 27.1 14.2 Project Place and Scot
Slide 14: Americas business update
For personal use only Americas business update Completed acquisition of healthcare Development Operating Profit Dec 2010 Dec 2009 developer Dasco after Tax A$m A$m Development (0.5) 0.1 Settlement reached with NY City DOI – PM & C (3.2) (19.9) restores standing to win NYC agency work Investment
Slide 15: Capacity to fund pipeline
For personal use only Capacity to fund pipeline Dec 2010 June 2010 Dec 2009 Credit Rating - S&P/Moody’s BBB- / Baa3 BBB- / Baa3 BBB- / Baa3 (Stable) (Stable) (Stable) Net (cash) / debt1 (A$m) 29.5 (19.7) 749.9 Gearing excluding Valemus 2 0.4% Net cash position 9.2% Pro forma gearing including Valemu
Slide 16: Positive outlook
Positive outlook Significant backlog, development pipeline and access to capital For personal use only Continued deal momentum Capital invested is supported by third party equity Focus on capital recycling Emphasis on quality and consistency of execution Strong long term outlook with pos
Slide 17: Macquarie Australia Conference May 2011
Macquarie Australia Conference May 2011 For personal use only
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