Mirvac Group · ASX:MGR
Mirvac — Macquarie Australia Conference 2021
21 slides from Mirvac's conference presentation, May 3, 2021
Slide 1: Reimagine urban life, sustainably
For personal use only Reimagine urban life, sustainably Macquarie Australia Conference Presentation — 4 May 2021 Susan Lloyd‑Hurwitz CEO & Managing Director
Slide 2: Acknowledgement of Country
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Acknowledgement of Country For personal use only Mirvac acknowledges the Traditional Owners of the land on which we work, and we pay our respect to Elders past and present EY Centre, 200 George Street, Sydney 4 MAY 2021 — 1
Slide 3: Mirvac: a leading Australian urban asset creator and curator through long term ownership
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Mirvac: a leading Australian urban asset creator and curator through long For personal use only term ownership > With our overarching purpose to reimagine urban life, we take a holistic approach to urban environments, recognising that life isn’t compartmen
Slide 4: Mirvac takes a highly disciplined approach to allocating capital
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Mirvac takes a highly disciplined approach to allocating capital For personal use only Urban strategy Integrated Investment Portfolio Asset Creation & Development 85-90% 10-15% SECURE YIELD – UNDERPINS GROUP DISTRIBUTION THIRD PARTY DISCIPLINED GROWTH $12.
Slide 5: Generating value through asset creation capability
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Generating value through asset creation capability For personal use only BENEFITS OF THE INTEGRATED MODEL > Award-winning asset creation capability developing income generating assets for long term ownership for the Group and capital partners Recurring inc
Slide 6: The ongoing importance of cities is central to our strategy
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION The ongoing importance of For personal use only cities is central to our strategy 4 MAY 2021 — 5 7 Spencer Street & LIV Aston, Melbourne (artist impression)
Slide 7: Upgraded FY21 guidance at 3Q21 demonstrates strong momentum across our business
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Upgraded FY21 guidance at 3Q21 demonstrates strong momentum across For personal use only our business FY21 GUIDANCE EPS at least 13.7 cpss 1 DPS 9.9 cpss 2 Tullamore, Melbourne (artist impression) 1. Upgraded FY21 earnings guidance on 28 April 2021 to at l
Slide 8: Strong momentum in Residential
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Strong momentum For personal use only in Residential 897 SALES IN 3Q21 2,282 SALES YTD +98% ON PCP +67% ON PCP 1,791 SETTLEMENTS YTD (715 3Q21) $1bn PRE-SALES +68% ON PCP 3Q21 ENQUIRIES 4 MAY 2021 — 7 The Portman Collection Green Square, Sydney (artist imp
Slide 9: Progressing our ~$28bn development pipeline
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Progressing our ~$28bn development pipeline For personal use only OFFICE / MIXED-USE INDUSTRIAL BUILD TO RENT RESIDENTIAL ~$8.8bn 1 ~$1.5bn 1 ~$1.4bn 1 ~$16.0bn 1 Locomotive Workshops, Voyager, Yarra’s Edge, 80 Ann Street, Switchyard, Auburn, LIV Munro, As
Slide 10: Positive indicators across Australian office markets
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Positive indicators across For personal use only Australian office markets 98% CASH COLLECTION 1 (95% AT 1H21) 6.5 yrs WALE 2 95.3%OCCUPANCY 3 1. Net cash collections for the 9 months to 31 March 2021, excluding development impacted assets. 2. By income, a
Slide 11: Robust demand continues for quality industrial space
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Robust demand continues For personal use only for quality industrial space 100% CASH COLLECTION 1 (96% AT 1H21) 7.3 yrs WALE 2 99.7% OCCUPANCY 3 1. Net cash collections for the 9 months to 31 March 2021, excluding development impacted assets. 2. By income,
Slide 12: Build to Rent residents validate strong customer proposition
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Build to Rent residents For personal use only validate strong customer proposition LIV INDIGO 63% LEASED 1 ~1,900 units CURRENT PIPELINE $1.4bn FORWARD DEVELOPMENT PIPELINE 2 1. As at 26 April 2021. 2. Represents 100% expected end value of development pipe
Slide 13: Retail sales and foot traffic continue to improve
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Retail sales and foot For personal use only traffic continue to improve 90% CASH COLLECTION 1 (80% AT 1H21) 175 LEASE DEALS YTD 98.0%OCCUPANCY 2 1. Net cash collections for the 9 months to 31 March 2021, excluding development impacted assets. 2. By area, a
Slide 14: Reimagine urban life, sustainably
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Reimagine urban life, For personal use only sustainably > Mirvac’s sustainability strategy, This Changes Everything, was launched in 2014 > The strategy was refined in 2018, focussing on six material ESG issues: – climate change and natural resources RESOU
Slide 15: This Changes Everything highlights
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION This Changes Everything highlights For personal use only Climate change Natural resources Our community Social inclusion Our people Trusted partner -80% 95% $9m+ $9m+ 50:50 Ethical CO2 emissions construction waste diverted from landfill community investmen
Slide 16: Mirvac aims to be a force for good - National Community Day 2021
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Mirvac aims to be a force for good - National Community Day 2021 For personal use only 4 MAY 2021 — 15
Slide 17: Mirvac's renewable energy transition
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Mirvac’s renewable For personal use only energy transition DRIVING SIGNIFICANT PROGRESS IN OUR AMBITION TO BE NET POSITIVE CARBON BY 2030 > New energy agreements signed for the majority of our office and retail assets > Carbon footprint reduced by 80% as a
Slide 18: This Changes Everything in action: Pitt St, Sydney & 80 Ann St, Brisbane
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION This Changes For personal use only Everything in action: 55 Pitt St, Sydney & 80 Ann St, Brisbane > These new developments align with our target to develop all‑electric buildings > 55 Pitt Street is targeting: – 5.5 NABERS Energy – 4.5 NABERS Water – 6 Sta
Slide 19: This Changes Everything: thinking about the S at The Portman Collection
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION This Changes Everything: For personal use only thinking about the “S” at The Portman Collection, Green Square > The Portman Collection will be Australia’s first residential buildings to seek WELLv2 Gold certification > In order to achieve this, we must del
Slide 20: Important Notice
MACQUARIE AUSTRALIA CONFERENCE PRESENTATION Important Notice For personal use only Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and Mirvac Property Trust (ARSN 086 780 An investment in Mirvac stapled securities is subject to investment and other known and unknown risks, 645). This pres
Slide 21: Thank you
Thank For personal use only Reimagine Urban Life you South Eveleigh, Sydney AUTHORISED FOR RELEASE BY CONTACT MIRVAC GROUP The Mirvac Group Continuous Disclosure Committee Katherine Lipa, Investor Relations Manager | investor.relations@mirvac.com Level 28, 200 George Street, Sydney NSW 2000