Scentre Group · ASX:SCG
Scentre — Q3 2018 Earnings Presentation
12 slides from Scentre's earnings presentation, October 2018
Slide 1: 3rd Quarter Operating Update 2018
3RD QUARTER OPERATING UPDATE 2018 Westfield Kotara, NSW Westfield Coomera, QLD Westfield Carousel, WA Westfield Tea Tree Plaza, SA
Slide 2: Operating Performance and Outlook
OPERATING PERFORMANCE 30 September 2018 Portfolio leased > 99.5% Lease Deals Completed Number 2,083 Lease Deals Completed Area 317,792 sqm Total Lettable Area 3.7 million sqm Customer Visits Per Annum > 530 million OUTLOOK The Group reconfirms forecast FFO growth for the 12 months ending 31 December
Slide 3: Retailer In-Store Sales
RETAILER IN-STORE SALES Comparable in-store sales growth psm 1 – Total specialty in-store sales were up 1.8% for the 9 months and 2.0% for the year 9 months to 30 Sep 2018 12 months to 30 Sep 2018 – > 400 sqm in-store sales were up 2.5% for the 9 months and 3.2% for the year Fashion 2.6% 2.7% Footwe
Slide 4: Retailer In-Store Sales by Region
RETAILER IN-STORE SALES Comparable specialty in-store sales growth psm by region 1 5.9% 5.5% 4.0% 3.3% 3.0% 2.6% 2.3% 2.0% 1.9% 1.8% 2.0% 1.6% 0.7% 0.6% 0.3% 0.1% 0.1% 0.0% (0.6%) 9 months MAT NSW QLD VIC WA SA ACT NZ Total 4 1. Total stable portfolio SCENTRE GROUP 3RD QUARTER UPDATE 2018 4
Slide 5: Active Developments
ACTIVE DEVELOPMENTS Total ProjectCost SCGShare GLA Added Completion $m $m sqm 2018 Completed Projects Plenty Valley 80 40 10,300 Q1 2018 – Commenced the NZ$790 million (SCG share: Carousel 350 350 27,500 Q3 2018 NZ$400m) redevelopment of Westfield Coomera 470 235 59,000 Q4 2018 Newmarket in 2018 Kot
Slide 6: Developments: Plenty Valley, VIC
DEVELOPMENTS Completed project WESTFIELD PLENTY VALLEY, VIC Westfield Plenty Valley in Melbourne opened in March 2018, adding 10,300 square metres of additional lettable area including a new nine screen Village cinema complex and a dining and leisure precinct featuring 13 restaurants. The precinct h
Slide 7: Developments: Carousel, WA
DEVELOPMENTS Completed project WESTFIELD CAROUSEL, WA The $350 million Westfield Carousel opened its doors in August, delivering Perth’s premium retail and lifestyle destination. The centre attracted a number of first-to-WA retailers, the latest-format David Jones and 70 additional stores across the
Slide 8: Developments: Coomera, QLD
DEVELOPMENTS Completed project WESTFIELD COOMERA, QLD The completion of Westfield Coomera in the growth corridor of Queensland’s Gold Coast, marks the first greenfield development as Scentre Group. It is an example of the full evolution from shopping centre to living centre, with more than 40% of th
Slide 9: Developments: Kotara, NSW
DEVELOPMENTS Completed project WESTFIELD KOTARA, NSW Westfield Kotara has opened its new Youth and Urban precinct, making it the fashion, dining and lifestyle capital of the Hunter. The redevelopment includes the introduction of H&M, Newcastle’s first ever Zara, the reintroduction of a new Kmart and
Slide 10: Developments: Tea Tree Plaza, SA
DEVELOPMENTS Completed project WESTFIELD TEA TREE PLAZA, SA Westfield Tea Tree Plaza’s redevelopment opened in October 2018 and features a new dining and leisure precinct showcasing a mix of first-to- market retailers and local favourites. The redevelopment also includes an expanded, upgraded 12 scr
Slide 11: Developments: Westfield Newmarket, NZ
DEVELOPMENTS Active project WESTFIELD NEWMARKET, NZ The Westfield Newmarket redevelopment will create the leading lifestyle and fashion destination in New Zealand, and feature the first David Jones in Auckland and the newest format stores for Farmers and Countdown. A new Event Cinemas complex will o
Slide 12: Important Notice
IMPORTANT NOTICE All amounts in Australian dollars unless otherwise specified. The financial information included in this document is based on the Scentre Group’s IFRS financial statements. Non IFRS financial information included in this document has not been audited or reviewed. This document conta