Stockland · ASX:SGP
Stockland — Corporate Update (December 2017)
37 slides from Stockland's corporate update, Dec 6, 2017
Slide 1: Stockland Investor Tour
Stockland Investor Tour December 6, 2017 Stockland Green Hills, NSW
Slide 2: Contents
Contents SECTION PAGE STOCKLAND RETAIL TOWN CENTRES 3 CASE STUDY: WETHERILL PARK 7 STOCKLAND GLENDALE 10 STOCKLAND GREEN HILLS 17 STRONG OPPORTUNITY IN REGIONAL LOCATION 19 DEVELOPMENT UPDATE 22 LEASING STRATEGY 27 DEVELOPMENT STAGES 31 CENTRE MAP 32 Stockland Investor Tour 2017 2
Slide 3: Stockland Retail Town Centres
Stockland Retail Town Centres Stockland Investor Tour 2017 3
Slide 4: Retail Town Centres: Productive assets with a diverse income base
Retail Town Centres: Productive assets with a diverse income base Strong diversity in rental income • 40 assets valued at $7bn with an average capitalisation rate of Gross rent: Total portfolio 6.2%1 Other Retail2 • Creating market leading retail town centres <1% Department Stores Homewares <1% • Co
Slide 5: Retail Town Centres: Enhancing our customer experience
Retail Town Centres: Enhancing our customer experience Continuing centre enhancements to improve customer Retailer mix – change in customer trends experience and deliver on retail trends: CHANGE FROM JUNE 2010 TO JUNE 2017 Growth in MAT Growth in Stores • Significant change in tenant mix reflecting
Slide 6: Retail trends
Retail trends Australian prime retail town centre landscape less exposed to online retailing risk than US and UK 1 Australia USA 6.0 60% more Australia has Australia 5.1 proactive in Australia Australia a lower supply 5.0 50% Canada Australia remixing of floor space 4.0 40% 3.0 UK toward per capita
Slide 7: Case Study
Case Study Stockland Wetherill Park, NSW
Slide 8: Stockland Wetherill Park
Stockland Wetherill Park A leading lifestyle, food, fashion and leisure centre • Three extensions since 1983 completion Construction On completion commencement • Customer demand for a redevelopment based on fresh food, cafes, restaurants, mini-majors, theatre, lifestyle, health and services IRR1 ~14
Slide 9: Stockland Investor Tour 2017
Stockland Investor Tour 2017 9
Slide 10: Stockland Glendale
Stockland Glendale Stockland,.,
Slide 11: Stockland Glendale
Stockland Glendale Located on the northern fringe of Lake Macquarie, Stockland Glendale was the first of the true super centre outdoor shopping concepts combining retail, leisure and entertainment on a large 19.6 hectare site GLA MAJORS Target, Coles, Woolworths, Kmart, Event Cinemas 55,376 SQM CAR
Slide 12: Glendale development concept
Glendale development concept Introducing 40 new specialty stores within an open mall running in front of Woolworths and Coles. Overall, we are increasing the centre GLA by 6,250 sqm A restaurant/casual dining precinct complemented by a children’s play area with a covered walkway connecting it to the
Slide 13: Glendale proposed design concept
Glendale proposed design concept Stockland Investor Tour 2017 13
Slide 14: Future Glendale masterplan
Future Glendale masterplan Stockland Investor Tour 2017 14
Slide 15: Glendale aerial
Glendale aerial Stockland Investor Tour 2017 15
Slide 16: Stockland Green Hills
Stockland Green Hills
Slide 17: Stockland Green Hills – Pre and Post development
Stockland Green Hills – Pre development Stockland Green Hills – Stockland Investor Tour 2017 Post development 17 17
Slide 18: Stockland Investor Tour 2017
Stockland Investor Tour 2017 18
Slide 19: An extensive trade area, limited competition from other regional centres
An extensive trade area, limited competition from other regional centres Stockland Investor Tour 2017 19
Slide 20: A growing economy
A growing economy Affluent, diverse, with above average population growth Main Trade Area • Total trade area retail expenditure at $3.7 billion • Highest income households to north and west of Green Families with Hills Average household dependent income • High population of young families with depen
Slide 21: Strong opportunity for development
Strong opportunity for development #1 Little Gun Specialty stores outperforming at1 Total trade area retail expenditure Growing at 4.8% pa from $3.69bn to2 for best performing $14,262 sub-regional in Australia in 2015 per sqm $3.87bn by 2021 (specs MAT/m2) Total trade area population Escape expendit
Slide 22: Development overview
Development overview Creating market leading Retail Town Centres PRE DEVELOPMENT ON COMPLETION IN FY18 • $414m redevelopment • Targeting ~7% stabilised FFO yield and ~11.9% GROSS LETTABLE AREA 31,828sqm ~74,000sqm incremental IRR Big W David Jones, Coles, Woolworths Woolworths, Big W, Target, MAJORS
Slide 23: Design features
Design features Existing New Shopper-friendly two level mall with clear sight Very high performing lines Woolworths, Big W and specialities Features David Jones, Target, Harris Scarfe, Dan Murphy’s, JB Hi-Fi plus 5 new mini majors and over 130 specialties and kiosks Existing majors retained A leadin
Slide 24: Retail mix reflecting current and emerging retail trends
Retail mix reflecting current and emerging retail trends Retailer mix by category relative to peer benchmark1 49.7% 47.5% 16.0% 17.2% 2.8% 0% -51.1% Department Store Discount Department Supermarket Total Food Catering Total Homewares Total Retail Services Store Green Hills 6,207m 2 13,980m 2 8,573m
Slide 25: Sustainable design
Sustainable design Targeting a 5 star Green Star rating Energy Inclusive Water efficient efficient Design Efficient fixtures 160,000 litre rainwater tank 77% reduction in Play spaces for all energy use for the children, quiet room extension compared to provide a calming place, ‘Changing Better indoo
Slide 26: Providing amenities for all customers
Providing amenities for all customers Inclusive play and quiet spaces Play spaces designed in collaboration with the Touched By Olivia Foundation to allow children of all abilities to play together A quiet room for parents of children with sensory disorders or intellectual disabilities designed as S
Slide 27: Leasing strategy
Leasing strategy Green Hills artist impression
Slide 28: Level One and Ground Floor
Level One A place where aspirational fashion meets the convenience of neighbourhood shopping. Offering our customers an exciting mix of retailers they are waiting for Ground Floor The Centre’s retail offering will be greatly increased, with new fresh food retailers, Stockland Investor Tour 2017 acco
Slide 29: Pavilion dining and Entertainment
Pavilion dining Catering to the customer demand for a better local offering of café and restaurant dining options Entertainment Garden and leisure court The entertainment precinct will act as a Expanded and relocated casual community hub, boasting fresh new eating dining precinct with all-weather op
Slide 30: State of the art cinema complex to complete the casual dining precinct
State of the art cinema complex to complete the casual dining precinct 7 screen 2 x Xtremescreens with DOLBY ATMOS 900 seat Power recliner seating Premium experience In-cinema dining service Stockland Investor Tour 2017 30
Slide 31: Development Stages
Development Stages PRE- ON DEVELOPMENT STAGE 1 STAGE 2 STAGE 3 STAGE 4 STAGE 5 STAGE 6 COMPLETION OCTOBER 2016 APRIL – AUGUST 2017 NOVEMBER 2017 MARCH 2018 MAY 2018 MID 2018 GROSS LETTABLE 32,902 ~1,400 ~4,900 ~14,800 ~22,500 ~2,700 ~3,500 ~74,000 AREA (m2) Big W DJs Woolworths DJs Hoyts Coles Harri
Slide 32: Centre floor plans
Centre floor plans
Slide 33: Ground Floor
Ground Floor Stockland Investor Tour 2017 33
Slide 34: First Floor
First Floor Stockland Investor Tour 2017 34
Slide 35: Upper Roof Parking
Upper Roof Parking Stockland Investor Tour 2017 35
Slide 36: Thank you
Thank you
Slide 37: Important Notice
Important Notice While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. This presentation contains forward-looking statements, in