Mirvac Group · ASX:MGR
Mirvac — Q1 FY2015 Earnings Presentation
10 slides from Mirvac's earnings presentation, Oct 30, 2014
Slide 1: 1Q15 operational update
For personal use only 1Q15 operational update 30 OCTOBER 2014
Slide 2: 1Q15 Highlights
1Q15 HIGHLIGHTS For personal use only BIRKENHEAD POINT, NSW > On track to deliver FY15 operating EPS guidance of 12.0 — 12.3 cpss > Continued focus on portfolio repositioning — Acquisition of Birkenhead Point, Sydney1 — Increased FY15 asset sales target range to $200-400m > Maintained strong investm
Slide 3: Sustainability & Community
SUSTAINABILITY & COMMUNITY For personal use only > 2014 Sustainability Report released in October, documenting good progress against initiatives — 10.6% reduction in carbon emissions — 7.8% reduction in water consumption — 96% of construction waste recycled — Over 22,000 people educated on sustainab
Slide 4: Portfolio Update: Office
PORTFOLIO UPDATE: OFFICE For personal use only 699 BOURKE STREET, VIC (ARTIST IMPRESSION) > Solid occupancy of 95.9%1 and WALE of 4.6 years2 > 9,345 sqm of leasing activity — FY15 expiries reduced to 8.8% (Jun14: 10.6%) > Delivery of office developments remains a key focus — FY15: 699 Bourke Street,
Slide 5: Portfolio Update: Retail
PORTFOLIO UPDATE: RETAIL For personal use only TOTAL TOTAL > Maintained high occupancy of 99.2%1 COMPARABLE COMPARABLE RETAIL SALES TOTAL MAT MAT GROWTH MAT GROWTH > Total comparable MAT growth of 1.9%2 BY CATEGORY 1Q15 1Q15 FY14 > Specialty sales productivity of $8,310sqm Non-food majors $243.9m (1
Slide 6: Portfolio Update: Industrial
PORTFOLIO UPDATE: INDUSTRIAL For personal use only 60 WALLGROVE ROAD, NSW > Strong occupancy of 99.5%1 > Portfolio WALE maintained at 8.7 years2 — less than 0.5% expiring in FY15 > Exploring strategic acquisition opportunities that further strengthen the portfolio or provide long-term redevelopment
Slide 7: Residential Update
RESIDENTIAL UPDATE For personal use only > Remain on track to settle 2,200 lots in FY15 1Q15 LOTS RECONCILIATION OF MOVEMENT IN EXCHANGED PRE-SALES CONTRACTS TO 1Q15 SETTLED BY STATE > 588 lots settled in the first quarter including: — Harold Park, NSW: 270 lots NSW 77% $1,400m — Elizabeth Hills, NS
Slide 8: Group Guidance
GROUP GUIDANCE For personal use only HAROLD PARK, NSW > On track to achieve FY15 Group guidance — Operating profit of $443m — $455m — Operating earnings of 12.0 — 12.3 cents per stapled security — Full year distributions of 9.2 — 9.4 cents per stapled security > Focusing on driving development ROIC
Slide 9: 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 (ARSN 086 An investment in Mirvac stapled securities is subject to investment and other known and unknown 780 645). This presentation (“Presentation”) has been p
Slide 10: Thank you
For personal use only thank you FOLLOW US MIRVAC MIRVAC ON TWITTER INVESTOR RELATIONS FY14 PROPERTY @MIRVAC WEBSITE COMPENDIUM