Lendlease Group · ASX:LLC
Lendlease — Investor Day (April 2014)
66 slides from Lendlease's investor day presentation, Apr 3, 2014
Slide 1: Lend Lease Investor Site Tour Day presentations
ASX Announcement Lend Lease Investor Site Tour Day presentations For personal use only 3 April 2014 Attached are the presentations to be given today by Lend Lease senior executives at its Investor Site Tour Day. ENDS For further information, please contact: Investors: Media: Suzanne Evans Natalie Ca
Slide 2: 2014 Investor Site Tour Day
Sydney 2014 Investor Site Tour Day For personal use only 3 April 2014 Image: Barangaroo South
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: Agenda
Agenda For personal use only 8.45 Welcome 9.00 Barangaroo South presentation plus Q&A 9.50 Darling Harbour Live presentation plus Q&A 10:45 Headland Park presentation 10:55 Morning tea plus PPE kit up and induction 11.30 Headland Park site tour 12.30 Barangaroo South site tour 13.15 Lunch at Shelley
Slide 5: Delivering precincts globally
Delivering precincts globally For personal use only 4
Slide 6: Changing the face of Sydney's Western CBD
Changing the face of Sydney’s Western CBD 1. Headland Park For personal use only 2. Crown Sydney Hotel Resort 3. International Towers Sydney 4. Barangaroo Residential Apartments 5. Darling Quarter 6-9. Darling Harbour Live project 10. University of Technology Sydney Development 5
Slide 7: Barangaroo South
BARANGAROO 1 SOUTH For personal use only Andrew Wilson Managing Director, Barangaroo South Tom MacKellar Executive Director Finance & Operations, Barangaroo South Image: Barangaroo South – Anadara and Alexander Apartments
Slide 8: It's home to the modern economy
For personal use only ITS HOME TO THE MODERN ECONOMY
Slide 9: Global destinations
GLOBAL DESTINATIONS For personal use only SYDNEY SINGAPORE HONG KONG LONDON International Towers Sydney Marina Bay Financial Centre International Commerce Centre Canary Wharf 270,000sqm 281,000sqm 275,000sqm 281,000sqm 100+ floors 130 floors 100 floors 130+ floors 8
Slide 10: Shifting Sydney's epicenter
SHIFTING SYDNEY’S EPICENTER For personal use only 9
Slide 11: Barangaroo Masterplan
BARANGAROO MASTERPLAN For personal use only Artist impression only. Subject to planning approval 10
Slide 12: Headland Park
HEADLAND PARK For personal use only Artist impression only. Subject to planning approval 11
Slide 13: Barangaroo Central
BARANGAROO CENTRAL For personal use only Artist impression only. Subject to planning approval 12
Slide 14: Barangaroo South
BARANGAROO SOUTH For personal use only Artist impression only. Subject to planning approval 13
Slide 15: Wynyard Walk
WYNYARD WALK For personal use only Source: Transport for NSW 14
Slide 16: The retail offer
For personal use only THE RETAIL OFFER 15
Slide 17: A vibrant workplace
A VIBRANT WORKPLACE For personal use only Higher Ceilings at 2900mm 100% fresh air Façade to column distance – 4.15m Automated energy monitoring and reporting options 150mm access floor for fit-out flexibility and greater connectivity High Occupational Densities Large open floor plates of approx. 2,
Slide 18: Contiguous and flexible space
CONTIGUOUS and flexible SPACE For personal use only 17
Slide 19: Flexible spaces
For personal use only FLEXIBLE SPACES 18
Slide 20: Delivery certainty
DELIVERY CERTAINTY For personal use only Artist impression only. Subject to planning approval 19 Artist impression only. Subject to planning approval
Slide 21: Residential success
RESIDENTIAL SUCCESS For personal use only Artist impression only. 20
Slide 22: Sydney's vision
SYDNEY’S VISION For personal use only Artist impression only. Subject to planning approval 21
Slide 23: Q&A
Q&A 1 For personal use only Andrew Wilson Managing Director, Barangaroo South Tom MacKellar Executive Director Finance & Operations, Barangaroo South Image: Barangaroo South, waterfront residential
Slide 24: Darling Harbour Live
DARLING 2 HARBOUR LIVE For personal use only Malcolm Macintyre Director, Capella Capital Rob Deck Executive Project Director, Darling Harbour Live Image: Aerial view of the site on completion, looking towards the CBD
Slide 25: Darling Harbour Live Background
Darling Harbour Live Background For personal use only History of the Project Darling Harbour - urban renewal Anchored by a major PPP & complimented by a significant mixed use commercial development State’s requirements Private sector expertise & innovation to drive the best possible whole
Slide 26: Darling Harbour Live - Partners
Darling Harbour Live - Partners For personal use only 25
Slide 27: For personal use only
For personal use only Image: Aerial view of site on completion 2020 26
Slide 28: For personal use only
For personal use only Image: Aerial view of site on completion 2020 27
Slide 29: Event Deck
For personal use only Image: Event Deck 28
Slide 30: For personal use only
For personal use only Image: Aerial view of site on completion 2020 29
Slide 31: ICC Sydney
For personal use only Image: ICC Sydney 30
Slide 32: ICC Exhibition
For personal use only Image: ICC Exhibition 31
Slide 33: The Theatre
For personal use only Image: The Theatre 32
Slide 34: The Boulevard and Tumbalong Park
For personal use only Image: The Boulevard and Tumbalong Park 33
Slide 35: For personal use only
For personal use only Image: Aerial view of site on completion 2020 34
Slide 36: ICC Hotel
For personal use only Image: ICC Hotel 35
Slide 37: For personal use only
For personal use only Image: Aerial view of site on completion 2020 36
Slide 38: Urban Square
For personal use only Image: Urban Square 37
Slide 39: Southern precinct urban square and retail
For personal use only Image: Southern precinct urban square Image: Retail in southern precinct 38
Slide 40: Commercial building
For personal use only Image: Commercial building 39
Slide 41: Commercial tenants on western fringe of CBD
For personal use only Image: Commercial tenants located on the western fringe of the CBD, Sydney 40
Slide 42: Student accommodation building
For personal use only Image: Student accommodation building 41
Slide 43: Urban Regeneration
Urban Regeneration How do we decide on the right mix for residential / retail / commercial? For personal use only Understanding local context and existing urban fabric Lots of listening – community consultation Getting to know surrounding community – needs & aspirations Recognising what wo
Slide 44: Urban Regeneration: Darling Quarter, Sydney
Urban Regeneration Darling Quarter, Sydney For personal use only Image: Darling Quarter, Sydney 43
Slide 45: Urban Regeneration: Elephant & Castle, London
Urban Regeneration Elephant & Castle, London For personal use only Image: Elephant & Castle 44
Slide 46: Planning process
Planning process Development at DHL is classed as a State For personal use only Significant Development (SSD) as it has a value >$10M on land within Darling Harbour. Request for Director General Requirements Consent Authority: The Minister for Planning and Infrastructure or his delegate. For DHL
Slide 47: Planning process continued
Planning process continued For personal use only Submissions issued to applicant for response Response to submissions report prepared and lodged with DoPI Assessment and determination by DoPI 3 month Judicial Review Period (commences from when advertised in newspaper) 46
Slide 48: Planning process continued
Planning process continued For personal use only Stage 1 DA (Master Plan) consented 5 Dec 2013 Advertised in the newspaper 12 Dec 2013 Stage 1 DA 3 month Judicial Review Period Closed 11 Mar 2014 – No Objections Lodged Stage 2 DA’s – Detailed Proposals by Plot Responses to Submissions Lodged between
Slide 49: Planning process continued
For personal use only Planning process continued All Southern Precinct Plots are Currently under Assessment and Determination Once Determined, Stage 2 DA’s enter 3 Month Judicial Review Period Financial Close 48
Slide 50: Darling Harbour Live – PPP Structure
Darling Harbour Live – PPP Structure For personal use only New South Wales Government Project Deed CBA 50% Westpac Lend Lease NAB Equity Senior Debt CIBC Credit Agricole HostPlus DBS 50% HSBC UOB Construction Facility Management Operator Management Services Contract Contract Contract Agreement Lend
Slide 51: Darling Harbour Live – PPP Structure
Darling Harbour Live – PPP Structure PPP Financial Overview Equity Investment and Distribution Profile For personal use only Availability payment stream from NSW Government (AAA rated) Construction cost Typical PPP financial structure Underwritten finance is a key aspect of PPP bids Debt Pro
Slide 52: Darling Harbour Live
Darling Harbour Live Lend Lease has a strong capability to deliver profit through its “Integrated model” For personal use only Building Construction – Lend Lease Building Infrastructure Development – Capella Capital Retail Development – Lend Lease Retail PPP Equity – Lend Lease Infrastructur
Slide 53: For personal use only
For personal use only Image: Aerial view of the site looking towards the CBD 52
Slide 54: Headland Park Project
Headland Park 3 Project For personal use only Barry Murphy Project Director – Headland Park Image: Headland Park
Slide 55: Headland Park Vision
Headland Park Vision The Barangaroo Headland Park has a rich For personal use only indigenous history. The Barangaroo site was part of the territory of the Gadigal people, the traditional owners of the Sydney city region The Design vision of the project is based on returning the headland to its
Slide 56: Project Details
Project Details For personal use only Client – Barangaroo Delivery Authority Superintendent - Evans & Peck Contract – Design & Construct AS 4902-200 Value - $165 million with a further $35 million for Central and Integration Works Contract Award 23 May 2012 Construction commenced in Nove
Slide 57: Scope of Works
Scope of Works A built-up headland inspired by the original For personal use only landforms Placement of 250,000m3 fill to create the headland A foreshore made from over 6,600 sandstone blocks extracted from site A pedestrian promenade and public areas 320 space underground car park A ne
Slide 58: Sandstone Extraction
Sandstone Extraction For personal use only 57
Slide 59: Sandstone Placement
Sandstone Placement For personal use only 58
Slide 60: Marine Works
For personal use only Marine Works 59
Slide 61: Northern Cove
For personal use only Northern Cove 60
Slide 62: Civil Works
For personal use only Civil Works 61
Slide 63: Cultural Centre
For personal use only Cultural Centre 62
Slide 64: Terrace and Landscaping
Terrace and Landscaping For personal use only 63
Slide 65: Archaeological Dig
Archaeological Dig For personal use only 2013 1835 64
Slide 66: 2014 Investor Site Tour Day
Sydney 2014 Investor Site Tour Day For personal use only 3 April 2014