Mirvac Group · ASX:MGR
Mirvac — Q3 FY2012 Earnings Presentation
18 slides from Mirvac's earnings presentation, May 1, 2012
Slide 1: FY12 Q3 Operational Update
For personal use only fy12 q3 operational update 1 may 2012 artist impression of rhodes PINNACLE, sydney, nsw
Slide 2: Agenda
agenda For personal use only FY12 Q3 Operational Update Nicholas Collishaw, Managing Director — Mirvac Group Investor Day: Mirvac Property Trust and Sustainability MPT Strategic Overview Andrew Butler, CEO – Investment Integrated Model > Acquisitions and Development > Leasing and Marketing > Portfol
Slide 3: Key Q3 achievements
key Q3 achievements For personal use only Group > Hotel assets sale is on track > Completed 50% sale of Hoxton Distribution Park > Stage 1 of strategic partnership with Aviva Investors > Continued focus on Sustainability > 8 Chifley Square awarded a 6 Star Green Star Design v2 rating Investment Divi
Slide 4: Investment Division – MPT
INVESTMENT DIVISION – MPT For personal use only 8 chifley square, Sydney, NSW fy12 q3 operational update 1 may 2012 page 3
Slide 5: MPT continues to deliver results
INVESTMENT DIVISION – MPT For personal use only MPT continues to deliver results > High portfolio occupancy rate of 97.8% 1 > Strong WALE 2 of 5.9 years > 48,148sqm of lease deals executed over the quarter Lease expiry profile by area and variance to 1H12 1 MPT occupancy 1 and WALE 2 60% 59.2% 50 Oc
Slide 6: Investment Division – MPT: Office and Retail
INVESTMENT DIVISION – MPT For personal use only Office > High 97.2% 1 occupancy > Maintained strong WALE 2 of 5.9 years > Secured 22,674sqm 3 of leased space Retail 20 Bond Street, sydney, NSW Comparable Comparable > High occupancy at 99.0% 1 MAT growth MAT growth MPT Retail sales by category Q3 FY1
Slide 7: Commercial Market Outlook
Commercial Market Outlook For personal use only Office Weighting Short term Medium term The slowing in white collar employment has resulted in a softening in office demand, forecast forecast most notably in the financial hubs of Sydney and Melbourne. However, the limited 58.7% 1 supply of office spa
Slide 8: Development Division
DEVELOPMENT DIVISION For personal use only artist impression of era, Chatswood, NSW fy12 q3 operational update 1 may 2012 page 7
Slide 9: Development Division maintains momentum
development — Q3 ACTIVITY For personal use only Development Division maintains momentum > $999.3m 1 in exchanged pre-sales contracts > 88.5% sold 2 at Elizabeth Hills stage 1 since November 2011 release > Green Square project agreement finalised > Secured 259 lots on capital efficient terms via acqu
Slide 10: Development Division focused on forward visibility and de-risking
development — Q3 ACTIVITY For personal use only Development Division focused on forward visibility and de-risking > 95.6% of FY12 EBIT 1 secured > 41.1% of FY13 EBIT 1 secured > On track for FY12 settlement target of 1,800 lots Waterfront Newstead, QLD Yarra’s Edge, VIC Target lots achieved to date
Slide 11: Residential market outlook
residential market outlook For personal use only The demand fundamentals underpinning the residential property market have improved. Population growth is gaining momentum, while housing affordability, through declining prices and rising incomes, is making home ownership more attractive. The aging of
Slide 12: Corporate responsibility and sustainability
corporate responsibility and sustainability For personal use only artist impression of 8 chifley square, Sydney, NSW fy12 q3 operational update 1 may 2012 page 11
Slide 13: Mirvac's focus on corporate responsibility and sustainability is delivering results
corporate responsibility and sustainability For personal use only artist impression of 8 chifley square, Sydney, NSW Mirvac’s focus on corporate responsibility and Sustainability is delivering results Key achievements over the quarter: > 8 Chifley Square awarded 6 Star Green Star — Office Design v2
Slide 14: Guidance
GUIDANCE For personal use only artist impression of harold park, Glebe, nsw fy12 q3 operational update 1 may 2012 page 13
Slide 15: Guidance FY12
GUIDANCE For personal use only Guidance FY12 Forecast Group operating profits $360 – $364m 1 Forecast operating EPS 10.5 – 10.6cpss 1 Forecast DPS 8.2 – 8.4cpss Forecast weighted average securities 3,417.8m 1) Assumes full year contribution from Mirvac Hotel and Resorts and associated assets. fy12 q
Slide 16: by mirvac
by mirvac For personal use only 275 kent street, Sydney, NSW fy12 q3 operational update 1 may 2012 page 15
Slide 17: Glossary
GLOSSARY For personal use only Term Meaning Big Guns Retail shopping centres in excess of 45,000sqm. BP Basis Point CPSS Cents Per Stapled Security DPS Distribution Per Stapled Security EBIT In the current reporting period, Mirvac has revised its definition of Earnings Before Interest and Taxes (“EB
Slide 18: Disclaimer and Important Notice
DISCLAIMER AND IMPORTANT NOTICE For personal use only Mirvac Group comprises Mirvac Limited ABN 92 003 280 699 and Mirvac Property Trust An investment in Mirvac stapled securities is subject to investment and other known and ARSN 086 780 645. This presentation (“Presentation”) has been prepared by M