Stockland · ASX:SGP
Stockland — Corporate Update (October 2017)
15 slides from Stockland's corporate update, Oct 25, 2017
Slide 1: 1Q18 Stockland Update
For personal use only 1Q18 Stockland Update Coopers Paddock, Sydney
Slide 2: Agenda
Agenda For personal use only Topic Group Update 3 Sustainability 5 Commercial Property 7 Residential Communities 11 Retirement Living 12 Summary and Outlook 13 Stockland 1Q18 Update 2
Slide 3: Group Update
Group Update For personal use only Operating performance remains on track across the group • Continued strong trading conditions in Residential underpin growth, on track for around 6,500 settlements in FY18 • Retail sales relatively flat, NSW and Vic continue to outperform Qld and WA • Good leasing
Slide 4: Stockland quick facts
Stockland quick facts For personal use only Trust Corporation RETAIL LOGISTICS & BUSINESS OFFICE RESIDENTIAL RETIREMENT LIVING TOWN CENTRE PARKS 54% SGP portfolio 15% SGP portfolio 5% SGP portfolio 17% SGP portfolio 9% SGP portfolio Maximise returns by Create market leading Grow and develop a Optimi
Slide 5: Sustainability: Creating shared value
Sustainability For personal use only Creating shared value SHAPE THRIVING COMMUNITIES OPTIMISE AND INNOVATE ENRICH OUR VALUE CHAIN Residential Communities Wellbeing Energy Intensity Reductions Since FY06 Stakeholder Engagement Personal Wellbeing Average Score of 79%, above Retail 35% / Office & Busi
Slide 6: Stockland $23.5 million solar investment
Stockland $23.5 million solar investment For personal use only Setting a new Australian standard with 12.3MW of power across 10 shopping centres 12.3MW of solar 17.2GWh of energy per year power across 10 Stockland Green Hills (NSW) It’s good shopping centres 1.87 MW business Stockland It’s good for
Slide 7: Retail Town Centres
Retail Town Centres For personal use only Retail Sales • Subdued environment for overall retail sales, impacted by some price deflation, low wages growth and energy price rises Total Sales by Comp2 Adjusted3 MAT Category Annual Comp Annual Growth1 • Following sustained activity during the mining boo
Slide 8: Retail Town Centres development update
Retail Town Centres Total For personal use only Progress on Spend to project Total cost Stabilised Incremental current 30 Sept. income Development update ($m) yield1 IRR2 development ($m) leased (%) • Current developments progressing on time and in line with feasibilities Green Hills, NSW 242 412 7.
Slide 9: Logistics & Business Parks and Office
Logistics & Business Parks and Office For personal use only Logistics & Business Parks Logistics and Business Parks 1Q18 FY17 • Investment strategy delivering results, high occupancy Leases executed 102,200 sqm 411,800 sqm maintained Leasing activity under HOA 68,100 sqm 91,600 sqm • Seven year leas
Slide 10: Logistics and Business Parks development update
Logistics and Business Parks Total For personal use only Progress on Spend to project Total cost Stabilised Incremental current 30 Sept. income Development update development ($m) ($m) yield1 IRR2 leased • Progressing our $760m current and future pipeline to (%) deliver 7%+ FFO yields and 9%+ IRRs1
Slide 11: Residential
Residential For personal use only Residential net deposits - quarterly • Continued strong trading conditions in Melbourne and Sydney 2,301 • Moderation in net deposits in 1Q18 reflects project timing 2,116 with a number of developments nearing completion, 692 1,891 1,864 including Ormeau Ridge, Augu
Slide 12: Retirement Living
Retirement Living For personal use only Retirement Living reservations - quarterly • Maintained established reservations in 1Q18 • Lower development reservations reflect no new 264 259 project launches in the quarter 255 244 • Five new releases in 2Q18: 55 210 64 • Aspire at Elara, Sydney, non DMF v
Slide 13: Positioned for sustainable long term growth and value creation
Positioned for sustainable long term growth and value creation For personal use only • Assuming no material change in market conditions, we remain on track to achieve FFO per security growth of 5 – 6.5% in FY18, with a profit skew to 1H18 • Distribution per security targeted at 26.5c representing 4%
Slide 14: FY18 Calendar snapshot: Indicative investor event details
FY18 Calendar snapshot: Indicative investor event details For personal use only Upcoming Announcements Location Date1 1Q18 Update Sydney Wednesday 25 October, 2017 2017 Annual General Meeting Sydney Wednesday 25 October, 2017 Green Hills Retail Town Centre Tour NSW Wednesday 6 December, 2017 1H18 Re
Slide 15: Important Notice
For personal use only Important Notice While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. This presentation contains forward-