Vicinity Centres · ASX:VCX

Vicinity Centres — Centro Retail Australia — Shareholder Meeting (October 2012)

33 slides from Vicinity Centres's shareholder meeting presentation, Oct 31, 2012

  1. Slide 1: Centro Retail Australia Annual General Meeting 31 October 2012

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  2. Slide 2: Chairman Script: Welcome and Introductions

    Centro Retail Australia Annual General Meeting Tuesday 31 October 2012 Chairman Script (as at 5pm 30/10/12) SLIDE 3: WELCOME & INTRODUCTIONS Good afternoon ladies and gentlemen. Welcome to the Annual General Meeting of Centro Retail Australia and thank you for your attendance today. My name is Bob E

  3. Slide 3: Chairman Script: New Board and Company Overview

    Although these remain separate, each is stapled so that they are traded as a single interest on the ASX as Centro Retail Australia. The restructure and Aggregation followed a difficult four years for Centro entities. This was an intensely challenging period that tested the patience of all concerned

  4. Slide 4: Chairman Script: Strategy Review

    While REITs may not always provide the highest return, when comparative returns are risk adjusted and volatility considered over a longer period, a quite different value proposition emerges. For the 12 months ended 30 June 2012, the S&P/ASX 200 Australian REIT Index has provided investors with a tot

  5. Slide 5: Chairman Script: Remuneration Report and Outlook

    As part of this vision, we are committed to. • Enhancement of total securityholder returns, • Becoming an employer of choice to attract and retain the best talent for our organisation • Providing a quality ‘shopping centre product’ for our retailers; and • Becoming a grass-roots contributor to the c

  6. Slide 6: Conclusion

    opportunities available to us. We are actively prioritising these opportunities for future growth by progressing these in a disciplined and measured way. Naturally, our future plans are necessarily dependent on expected business conditions, both in Australia and other parts of the world. These remai

  7. Slide 7: Centro Retail Australia Annual General Meeting

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  8. Slide 8: Centro Retail Australia Overview

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  9. Slide 9: Introduction

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  10. Slide 10: New Board of Directors

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  11. Slide 11: Centro Retail Australia Overview

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  12. Slide 12: Total Returns and Sector Performance

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  13. Slide 13: Group Vision

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  14. Slide 14: Remuneration Report

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  15. Slide 15: Outlook

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  16. Slide 16: Items of Business

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  17. Slide 17: CEO's Script: Welcome and Introductions

    Centro Retail Australia Annual General Meeting Tuesday 31 October 2012 CEO’s Script SLIDE 1: WELCOME & INTRODUCTIONS Thank you Bob. As Managing Director and CEO of Centro Retail Australia, it is my pleasure to be able to talk to you today. This afternoon, I will provide a high level business overvie

  18. Slide 18: Positive Events Since Aggregation; Retail Outlook

    SLIDE 3: POSITIVE EVENTS SINCE AGGREGATION Since the beginning of this calendar year, we, as a team, have worked diligently to successfully complete a number of strategic objectives which has been reflected in strong relative share price performance. In particular, • The settlement of the legacy cla

  19. Slide 19: Portfolio Operational Performance

    predominantly sub-regional shopping centres are well positioned to perform strongly in the current environment. Moving into FY13, consumers are being impacted by rising costs of living, however on average are still “spending”, just not in channels and categories as they have always done. We see trav

  20. Slide 20: Sales Analysis

    SLIDE 6: SALES ANALYSIS Now turning to our sales analysis. Tough trading conditions were the prevailing trend throughout FY12, with only modest growth recorded, owing to the factors previously mentioned. The surge in overseas travel is considered one of the biggest overall impacts on discretionary s

  21. Slide 21: Financial Performance

    SLIDE 7: FINANCIAL PERFORMANCE Now moving to our financial performance for the year. The headline FY12 key financial results are as follows: • Net Statutory Loss for the period of $222.9 million, primarily owing to one-off costs associated with the restructure, including fair value liability adjustm

  22. Slide 22: Strategy Review

    • Recently agreed with core lenders to add significant term to our debt facilities at a reduced expense; • Gearing of 26%, which is at the low end of our target range; and • Significant borrowing capacity to fund likely future developments or other strategic initiatives. However, further capital opp

  23. Slide 23: Outlook

    base case enhancement opportunities over the next five years, the focus of this team is to now review the multitude of opportunities that exist across our portfolio, working closely with our retailer partners to ensure we deliver a product that is suitable to the current and evolving retail environm

  24. Slide 24: CEO closing remarks

    In closing, I would like to acknowledge the achievements of the Board and management team, who in the space of only seven months, have moved swiftly to put in place a solid platform from which we can move forward. It is against this backdrop we are confident of being able to deliver superior returns

  25. Slide 25: Managing Director and CEO Presentation

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  26. Slide 26: Centro Has Changed

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  27. Slide 27: Daily Trading Volume and Share Price Performance

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  28. Slide 28: Portfolio Value and Shopping Centres

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  29. Slide 29: Property Operations Review

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  30. Slide 30: Sales by Retailer Category

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  31. Slide 31: FY12 Result Highlights

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  32. Slide 32: Strategy Review Outcomes

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  33. Slide 33: Strategic priorities and outlook

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