Slide 1: CLSA Conference Presentation
14 September 2015 For personal use only CLSA Conference Presentation Attached is a presentation that will be given to the CLSA conference in Hong Kong on Monday 14 September. ENDS For further information, please contact: Investors: Media: Suzanne Evans Nadeena Whitby Tel: 02 9236 6464 Tel: 02 9236 6
Slide 2: Global Mega-trends: Urbanisation a key driver of growth
For personal use only Global Mega-trends Urbanisation a key driver of growth Steve McCann Group CEO and Managing Director Lend Lease
Slide 3: We operate in four regions across 12 countries
URBANISATION A KEY DRIVER OF GROWTH 2 We operate in four regions across 12 countries For personal use only LONDON Operating since 1991 NEW YORK Operating since 1979 Our operations are centred around four regions. SINGAPORE AUSTRALIA Operating since 1973 ASIA AMERICAS SYDNEY Operating EUROPE since 19
Slide 4: Moving from 'Restore Build Lead' to 'Focus & Grow' framework
URBANISATION A KEY DRIVER OF GROWTH 3 Following successful execution of our 5 year ‘Restore Build Lead’ strategy we have moved to a new framework ‘Focus & For personal use only Grow’ Lead 2015+ Key Metrics Restore Build (2009 – 2011) (2012 – 2013) Safety LTIFR 3.1 to 2.9 LTIFR 2.7 to 2.3 LTIFR 2.2 R
Slide 5: Six mega-trends driving the markets in which Lend Lease operates
URBANISATION A KEY DRIVER OF GROWTH 4 Six mega-trends driving the markets in which Lend Lease operates For personal use only
Slide 6: Urban regeneration a key part of our 'Focus & Grow' strategy
URBANISATION A KEY DRIVER OF GROWTH 5 Urban regeneration a key part of our ‘Focus & Grow’ strategy For personal use only Urban regeneration projects comprise approximately 70% of Lend Lease’s $44.9 billion development pipeline
Slide 7: Characteristics of major urbanisation projects
6 Characteristics of major urbanisation projects For personal use only 1. Scale – estimated end development value >$1bn 2. Location – city and city fringe, typically government owned land 3. Mixed-use – residential, retail, commercial, infrastructure and place making 4. Density – medium to high dens
Slide 8: Growing and geographically diversified portfolio of urban regeneration projects
URBANISATION A KEY DRIVER OF GROWTH 7 Growing and geographically diversified portfolio of urban regeneration projects For personal use only 50 $44.9 billion FY15 Urbanisation 100% of estimated project remaining end development value 45 Developments by region $37.2 $37.4 $37.7 40 $34.7 billion billio
Slide 9: Portfolio of major urban regeneration projects
URBANISATION A KEY DRIVER OF GROWTH 8 Portfolio of major urban regeneration projects For personal use only Project End value1 FY15 FY16 FY17 FY18+ Integrated development projects Barangaroo South, Sydney A$6.9 billion Darling Harbour Live, Sydney – Darling Square & ICC Hotel Sydney A$1.9 bil
Slide 10: Barangaroo
URBANISATION A KEY DRIVER OF GROWTH 9 Barangaroo Concrete Apron For personal use only Created in 1970s to accommodate bulk offloading for shipping containers Closed in 2003, renamed Barangaroo in 2006 and Lend Lease selected as master developer in 2009
Slide 11: Barangaroo
URBANISATION A KEY DRIVER OF GROWTH 10 Barangaroo 490,000 sqm For personal use only Up to 90 new retail outlets Gross Floor Area New headland park and recreated foreshore with 6,600 sandstone blocks Australia’s first large scale 7.7 Hectares Carbon Neutral Mixed Use Development community
Slide 12: Urbanisation delivering multiple income streams
URBANISATION A KEY DRIVER OF GROWTH 11 Urbanisation delivering multiple income streams For personal use only Property Pre sold Construction Funds under Development apartment revenue Backlog Revenue management 35 Urbanisation 5 ($bn) 25 ($bn) 25 ($bn) Pipeline ($bn) 30 4 20 20 25 3 15 15 20 15 10 10
Slide 13: Future focus on target international gateway cities
URBANISATION A KEY DRIVER OF GROWTH 12 Future focus on target international gateway cities – disciplined capital allocation approach focused on local capabilities/knowledge & cycle For personal use only Region Target gateway Key Economic and Cycle Drivers Lend Lease Position cities • Larger economy
Slide 14: Urbanisation: a key driver of future growth for Lend Lease
13 For personal use only Urbanisation: a key driver of future growth for Lend Lease
Slide 15: For personal use only
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