Lendlease Group · ASX:LLC
Lendlease — CLSA Investors' Forum 2018
16 slides from Lendlease's conference presentation, Sep 13, 2018
Slide 1: Lendlease Presentation at CLSA Investors' Forum
13 September 2018 For personal use only Lendlease Presentation at CLSA Investors’ Forum Attached is the presentation to be given by Lendlease Group Chief Executive Officer and Managing Director, Steve McCann at today’s CLSA Investors’ Forum in Hong Kong. ENDS FOR FURTHER INFORMATION, PLEASE CONTACT:
Slide 2: CLSA Investors' Forum
G@. “Gy CLSA Investors’ Forum Steve McCann Chief Executive Officer and Managing Director, Lendlease A 2 = fe) 13 September 2018 a
Slide 3: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 2 For personal use only
Slide 4: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 3 For personal use only By 2030, over 60% of the world’s • $55.9b Urbanisation pipeline2 population is expected to live in urban • 18 major urbanisation projects3 areas1 across 10 gateway cities • A leading tier 1 Engineering Global infrastructure sp
Slide 5: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 4 For personal use only $29.3b Development pipeline1 $1.5b Construction backlog $1.4b FUM $6.9b Development pipeline1 $5.2b Development pipeline1 $0.9b Construction backlog $6.3b Construction backlog $6.3b FUM $0.3b Investments $0.4b Investments $29.
Slide 6: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 5 For personal use only • Integrated model synergies • Target EBITDA mix: 35-45% Development 30-40% Investments 20-30% Construction 2 • Group ROE 10-14% • Focused on gateway cities 1 3 • Development ROIC 9-12%1 • 50-70% capital in Australia • Investm
Slide 7: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 6 For personal use only • Diverse international capital partnerships: ̶ US residential for rent investment partnership with US$1b equity commitment1 ̶ UK residential for rent investment partnership with initial target of £1.5b ̶ US telecommunications
Slide 8: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 7 For personal use only Development pipeline Construction backlog revenue Funds under management ($b) ($b) ($b) 70 25 30 60 25 20 50 20 15 40 15 30 10 10 20 5 10 5 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 - - -
Slide 9: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 8 For personal use only • Well placed for future success: ̶ Resilient and diversified business model ̶ High earnings visibility from a growing pipeline across business segments ̶ Financial strength, capital discipline, strong track record • Developme
Slide 10: Appendix
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Slide 11: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 10 Target annual For personal use only turnover2 23 major apartment buildings3 in delivery, across 3,070 presold units and 1,513 units for rent, expected completion FY19 to FY21 3,070 Units 1,513 Units presold⁴ for rent 25,917 Units remaining 30,500
Slide 12: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 11 Residential Commercial Remaining Project Project Delivery Completion For personal use only backlog backlog end value Land payment model secured1 commenced1 date1,2 units sqm ‘0003 ($b)4 Euston Station, London 2018 2026 2040+ 2,000 400 10.2 Land ma
Slide 13: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 12 For personal use only Urbanisation Communities Telco Infrastructure Military Infrastructure Development Housing 18 major projects in 15 communities 10 gateway cities projects across Australia Business Australian US Military US Telco Apartments Com
Slide 14: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 13 For personal use only Australia Asia Europe Americas Business Building Engineering Services Building Building Building Revenue last 12 months $3.7b $2.4b $0.9b $0.5b $0.7b $4.7b realisation Backlog FY19 42% FY19 56% FY19 59% FY19 53%; FY20 29%; Po
Slide 15: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 14 For personal use only Ownership Earnings Operating Earnings Capital intensive activities Capital light activities Invested capital Funds Retail Asset FUM / Assets Co-investment Retirement US Military US Telco Military Management Management positio
Slide 16: For personal use only
LENDLEASE – PRESENTATION TO CLSA INVESTORS’ FORUM 15 This document has been prepared and is issued by Lendlease Corporation Limited (ACN 000 226 228) (Lendlease) in good faith. For personal use only Neither Lendlease (including any of its controlled entities), nor Lendlease Trust (together referred