Stockland · ASX:SGP
Stockland — Corporate Update (April 2006)
39 slides from Stockland's corporate update, Apr 5, 2006
Slide 1: Gold Coast Investor Tour & Saville South Bank Launch
Gold Coast Investor Tour & Saville South Bank Launch Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. S
Slide 2: Table of Contents
Table of Contents 1. Table of Contents 2. Itinerary 3. Map of Gold Coast Region 4. Burleigh Heads Presentation 5. SEQ Market Update 6. Asset Profiles - Gold Coast Residential Communities • Highland Reserve • Jacobs Ridge • Kleinschmidt • Pacific Pines • The Observatory 7. Asset Profiles - Gold Coast
Slide 3: Itinerary
Itinerary VENUE PRESENTER TRAVEL TO OBSERVATORY OBSERVATORY Col Dutton TRAVEL TO BURLEIGH HEADS BURLEIGH HEADS Tim Atkins TRAVEL TO ALLISEE ALLISEE Hugh Martin / Peter Sherrie GOLD COAST PRESENTATION & LUNCH Matthew Gross / Nick Perrignon TRAVEL TO JACOBS RIDGE JACOBS RIDGE Col Dutton TRAVEL TO KOKO
Slide 4: Gold Coast Region
Gold Coast Region Bruce Hwy G ateway M Albany Creek Brisbane Airport wy BRISBANE NORTH Koko Saville South Bank STRADBROKE ISLAND C ente nary Hwy Pa cif ic Mw IPSWICH Ipswic wy y hM Logan M wy Pa cifi cM wy Ormeau Jacobs Ridge Eggersdorf Road SOUTH Upper Coomera Coomera STRADBROKE Reserve Road ISLAND
Slide 5: Stockland Burleigh Heads Overview
Stockland Burleigh Heads April 2006 Overview Acquisition Date July 2003 Ownership/Title 100% / Freehold Burleigh Heads $79.1 million Acquisition Cost Burleigh Central $13.7 million Burleigh Heads $133 million Independent Valuation Burleigh Central $15.5 million Burleigh Heads 7.00% Capitalisation Ra
Slide 6: Overview Stockland Burleigh Heads
Overview Annual Sales $160.1 million February 2006 (Incl GST) Specialty Occupancy Costs 12.3% February 2006 Specialty Sales / PSM $7,070.19 February 2006 Average Specialty Rent $687.14/m2 Specialty OPEX Rate $87.93/m2 (2005/2006) Big W Lease Expiry July 2025 (3x5 year options) Woolworths Lease Expir
Slide 7: Centre History & Future; Pre / Post Development Snapshot
Centre History & Future • 1981 Centre Opened • 2003 Purchased by Stockland • 2004 August - Commenced expansion & refurbishment • 2005 September – Relaunch of completed centre 4 Pre / Post Development Snapshot Purchase Price (Shopping Centre) $79.1M Centre Sales $131M $160.1M Specialty Sales $7406/m²
Slide 8: Shin Yen Approved DA / Current Floor Plan
Shin Yen Approved DA 6 Current Floor Plan 7 4
Slide 9: Main Trade Area and Trade Area Map
Main Trade Area Population 57,110 Households 23,795 Market share 22.5% Forecast Population Growth 1.4% pa 2001 - 2006 Average Per Capita Income $18,957pa Gold Coast Av. $19,360 pa Average Household Income $44,967 Gold Coast Av. $49,951 pa Australia 77.0% Gold Coast Av. 74.0% Country of Birth Europea
Slide 10: Summary
Summary • Example of how development has added value to an acquisition opportunity • Purchased March 2003 for $82.4M, yield 7.7% after costs • Improved proposed development through leveraging our portfolio relationship with Woolworths to move the Big W into former BBC Hardware House, allowing the mo
Slide 11: SEQ Market Update: Queensland continues to grow strongly
Investor Tour – SEQ Market Update Matthew Gross Senior Research Manager 5th April 2006 Queensland continues to grow strongly Population Growth Australia and Selected States, Annualised Change 3.0% 2.5% Annualised Growth 2.0% 1.5% 1.0% 0.5% 0.0% Jun-90 Jun-91 Jun-92 Jun-93 Jun-94 Jun-95 Jun-96 Jun-97
Slide 12: Queensland baby boom and population growth
Queensland is in the grip of a baby boom Population Growth by Category Queensland 30,000 25,000 Number of persons by category 20,000 15,000 10,000 5,000 - Jun-89 Jun-90 Jun-91 Jun-92 Jun-93 Jun-94 Jun-95 Jun-96 Jun-97 Jun-98 Jun-99 Jun-00 Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 (5,000) 3 Natural Increase
Slide 13: Unemployment rate and employment growth
Unemployment rate Source : ABS Annualised Growth 4% 5% 6% 7% 8% 9% 10% Source: ABS Jan-00 -1% 0% 1% 2% 3% 4% 5% 6% 7% 8% Apr-00 Jan-00 Jul-00 Apr-00 Oct-00 Jul-00 Jan-01 Oct-00 Apr-01 Jan-01 Jul-01 Apr-01 Oct-01 Jul-01 Jan-02 Oct-01 Apr-02 Jan-02 Unemployment Rate Jul-02 Apr-02 QLD Employment Growth
Slide 14: Infrastructure Spending 2006-2012; Consumer sentiment
Infrastructure Spending 2006-2012 Infrastructure Spending in SEQ, 2006-2012 • $8.8 billion in Government infrastructure spending over the next Western 7 years. Corridor • $6.7 billion in road infrastructure Sunshine Coast • $1.6 billion in rail infrastructure Gold Coast • $357 million in education •
Slide 15: Consumer sentiment for residential; first home buyers
Consumer sentiment for residential improving Time to Buy a Dwelling Index Quarterly, Queensland Base 100 = balance between positive & negative survey responses 80 60 40 20 Index 0 -20 -40 -60 Mar-86 Mar-87 Mar-88 Mar-89 Mar-90 Mar-91 Mar-92 Mar-93 Mar-94 Mar-95 Mar-96 Mar-97 Mar-98 Mar-99 Mar-00 Mar
Slide 16: Snapshot of the core SEQ regions; Gold Coast demand
Snapshot of the core SEQ regions • Gold Coast • Greater Brisbane • Sunshine Coast 11 Gold Coast remains in high demand Lot Registrations and Land Price Gold Coast LGA 2000 $300,000 $250,000 1600 $200,000 1200 $150,000 800 $100,000 400 $50,000 0 $0 Dec-94 Jun-95 Dec-95 Jun-96 Dec-96 Jun-97 Dec-97 Jun
Slide 17: Gold Coast market facts; Brisbane lot registrations
Gold Coast market facts • From 2006 to 2012, the population is forecast to grow by 70,700 people. • An annual demand for owner occupier accommodation is; – 2,110 Houses per annum – 855 Townhouses per annum – 1,140 Units per annum • Infrastructure spending equates to an average of $344.5 million per
Slide 18: Greater Brisbane market facts; Sunshine Coast
Greater Brisbane market facts • From 2006 to 2012, the population is forecast to grow by 110,200 people. • An annual demand for owner occupier accommodation is; – 6,485 Houses per annum – 470 Townhouses per annum – 700 Units per annum • Infrastructure spending equates to an average of $517million pe
Slide 19: Sunshine Coast market facts; Disclaimer
Sunshine Coast market facts • From 2006 to 2012, the population is forecast to grow by 47,500 people. • An annual demand for owner occupier accommodation is; – 2,500 Houses per annum – 320 Townhouses per annum – 490 Units per annum • Infrastructure spending equates to an average of $272.5 million pe
Slide 20: Highland Reserve, Gold Coast
Highland Reserve, Gold Coast Property description A 337Ha site situated within Upper Coomera, amidst a stunning mountainous backdrop and sprawling native bushland. Located 8 minutes from the Pacific Motorway, Highland Reserve is just 64km to Brisbane, and 25km to Surfers Paradise. Coomera Train Stat
Slide 21: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 22: Jacobs Ridge, Gold Coast
Jacobs Ridge, Gold Coast Property description A 79Ha property located midway between the Gold Coast and Brisbane’s CBD. Set amongst towering gum trees Jacobs Ridge is a new community that emphasises a quality of life you normally only find in the country. A semi rural environment, the project includ
Slide 23: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 24: Kleinschmidt, Gold Coast
Kleinschmidt, Gold Coast Property description Kleinschmidt, soon to be known as Riverstone Crossing, is a 152Ha riverfront land holding situated on the upper reaches of the Coomera River, 45 minutes from the Brisbane CBD. The land presently operates as a dairy and is surrounded by established farmin
Slide 25: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 26: Pacific Pines, Gold Coast
Pacific Pines, Gold Coast Property description Pacific Pines is a 820Ha property located only 10 minutes from the Broadwater and within easy commuting distance to Brisbane or the surf beaches of the Gold Coast. The materplanned community offers affordable land releases and a range of housing choices
Slide 27: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 28: The Observatory, Gold Coast
The Observatory, Gold Coast Property description A 320Ha property situated on an elevated plateau 100 metres above sea level and located just 5 minutes from Robina Town Centre and Burleigh Beach, The Observatory affords 180 degree views of the Pacific Ocean stretching from Surfers Paradise to Coolan
Slide 29: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 30: Allisee, Gold Coast
Allisee, Gold Coast Property description A 6.3Ha property situated at Hollywell on the Gold Coast offering breathtaking panoramic views of The Broadwater, stretching across the horizon to South Stradbroke Island and Surfers Paradise. The project is in close proximity to Runaway Bay Marina, shopping
Slide 31: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 32: Koko, Brisbane
Koko, Brisbane Property description A premium residential riverfront development at West End, 5 kilometres from the Brisbane CBD, Koko has become a highly coveted riverside address near the heart of the city. The development is set amongst sub-tropical landscaped gardens with river front access and
Slide 33: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 34: Saville South Bank, Brisbane
Saville South Bank, Brisbane Property description Saville South Bank is a landmark building in the heart of one of the world’s best new urban precincts. Its striking contemporary architecture is visible from the Brisbane CBD. The 13 storey masterpiece has successfully balanced the melding of the 88
Slide 35: Disclaimer of liability
Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and which cannot b
Slide 36: Stockland Benowa Gardens, Queensland
Stockland Benowa Gardens, Queensland Property description Benowa Gardens is food based neighbourhood centre on the Gold Coast. The centre features a Bi-Lo supermarket and 45 specialty shops. It was originally constructed in 1992. Summary information (as at 31 December 2005) Location Benowa, QLD Acqu
Slide 37: Floor plan
Floor plan Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and whi
Slide 38: Stockland Burleigh Heads, Queensland
Stockland Burleigh Heads, Queensland Property description Stockland Burleigh Heads is a sub regional shopping centre located on the Gold Coast. The centre is anchored by a Woolworths supermarket and Big W discount department store. This centre has a strong presence in its tradearea with major tenant
Slide 39: Floor plan
Floor plan Disclaimer of liability While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this brochure is free from errors or omissions or is suitable for your intended use. Subject to any terms implied by law and whi