Scentre Group · ASX:SCG
Scentre — Q3 2014 Earnings Presentation
9 slides from Scentre's earnings presentation, Nov 5, 2014
Slide 1: 3rd Quarter Update
3 R D Q U A R T E R U P D AT E 5 NOVEMBER 2014
Slide 2: Disclaimer
DISCLAIMER This release contains forward-looking statements, including statements regarding future earnings and distributions that are based on information and assumptions available to us as of the date of this presentation. Actual results, performance or achievements could be significantly differen
Slide 3: Portfolio Summary
PORTFOLIO SUMMARY At 30 June 2014 Australia New Zealand Total Centres 38 9 47 Retail Outlets 11,075 1,410 12,485 GLA (m sqm) 3.4 0.4 3.8 SCG Interests (bn) $26.5 NZ$2.9 $29.2 JV Partner Interests (bn) $10.2 - $10.2 Assets Under Management (bn) $36.7 NZ$2.9 $39.4 SCG Share of AUM 72% 100% 74% GROSS L
Slide 4: Shopping Centre Operating Performance
SHOPPING CENTRE OPERATING PERFORMANCE Average Specialty Store Specialty Specialty Retail Lease Deals Rent Portfolio Sales Specialty Retail Completed YTD Occupancy Leased Sales Growth 1 Cost (MAT) (Number/Area) As at Growth Amount 30 September 2014 YOY 2,138 Portfolio >99.5% 18.8% 267,790 sqm Austral
Slide 5: Retail Sales
RETAIL SALES Period to 30 September 2014 Comparable Change Moving Annual MAT Growth Turnover (MAT) Retail Sales 12 months 9 months Australia Majors 0.1% (0.5)% Mini Majors (0.2)% (0.8)% Specialties 3.6% 3.7% Total $20.2bn 0.8% 1.8% 1.6% New Zealand Majors 1.1% 1.3% Mini Majors (6.5)% (5.0)% Specialt
Slide 6: Specialty Retail Sales by Region
SPECIALTY RETAIL SALES BY REGION Period to 30 September 2014 Comparable Change By Region 12 months 9 months NSW 4.7% 4.8% QLD 2.0% 1.6% VIC 3.7% 4.3% SA 3.7% 3.9% WA 1.8% 2.0% ACT 0.0% (0.2)% Australia 3.6% 3.7% New Zealand 1.7% 2.0% 2014 3Q UPDATE │6
Slide 7: Comparable Change Retail Sales by Category – Australia
COMPARABLE CHANGE RETAIL SALES BY CATEGORY – AUSTRALIA Period to 30 September 2014 12 months 9 months Majors - Total: 0.1% (0.5)% Department Stores 0.8% 1.1% Discount Department Stores (3.6)% (4.9)% Supermarkets 2.9% 2.1% Cinemas: (2.4)% (3.4)% Mini-Majors: (0.2)% (0.8)% Specialties - Total: 3.6% 3.
Slide 8: Development and Construction Activity
DEVELOPMENT AND CONSTRUCTION ACTIVITY ► $2.0bn of projects currently under construction (SCG share $0.6bn, of which $0.5bn incurred to date) Anticipated Total Project SCG Share Project Yield Completion Scentre Group Garden City $400m $400m 6.75% -7.25% 2014 Miranda $475m $238m 6.50% - 7.00% 2014 / 2
Slide 9: Major Development Opportunities
MAJOR DEVELOPMENT OPPORTUNITIES ► The Group is undertaking pre-development activity on $3bn (SCG share:$2bn) of future development opportunities, with between $1.5bn and $2.0bn of developments expected to commence over the next 3 years Australia New Zealand Carousel (WA) North Lakes (QLD) Albany (NZ