Slide 1: March 2019 quarterly update
March 2019 quarterly update Vicinity Centres | March 2019 quarterly update | 30 April 2019 Chadstone, VIC
Slide 2: The New Vicinity
The New Vicinity Strategy now in place for six months Horizon 1 On balance sheet – Listed (VCX) Strengthening the core Create market-leading Accretive developments, Ongoing destinations divestments portfolio and review acquisitions Land parcel Wholesale carve outs assets Capital Capital Horizon 2 an
Slide 3: Progress this quarter
March 2019 quarterly update Progress this quarter Executing on destination asset strategy Specialty store and mini majors moving annual turnover (MAT) up 3.3% (Destination portfolio: +3.9%)1 Specialty store MAT/sqm of $10,939 (Destination portfolio: $11,392), up 10.3% over the past year Accretive de
Slide 4: Vicinity's points of differentiation
Vicinity’s points of differentiation Attractive portfolio a first port of call for Australian and international retailers CHADSTONE DFOs Australia’s #1 Australia’s #1 retail asset Outlet Centre portfolio PREMIUM CBD LEADING LUXURY LOCATIONS OFFER Unrivalled Australian Australia’s #1 east coast retai
Slide 5: Positive indicators for the retail environment
Positive indicators for the retail environment Despite persistent negative headlines, a number of tailwinds for retail sales growth are evident Wages growth continues to out-pace living costs growth Exchange rate leading growth in inbound tourism to Australia 7% 1.20 Exchange Rate (AUD:USD) Overseas
Slide 6: Portfolio quality and performance benefiting from repositioning and active management
Portfolio quality and performance benefiting from repositioning and active management Total portfolio specialty productivity has improved 16%1 and average asset value up 30% since June 2017 Improvement in metrics since June 2017 Destination portfolio1 Mar-19 Jun-18 Jun-17 Number of retail assets ~50
Slide 7: Destination portfolio metrics affirm strategy
Destination portfolio metrics affirm strategy Outstanding performance from Flagship assets, with plans to strengthen High Potential portfolio Chadstone, VIC QueensPlaza, QLD DFO Perth, WA Total MAT growth1 (%) Leasing spreads2 (%) Comparable NPI growth3 (%) 12 months to Mar-19 Nine months to Mar-19
Slide 8: Portfolio sales update
Portfolio sales update Specialties and mini majors continue to perform well supported by jewellery, retail services and leisure Actual Comparable1 growth Specialty store and mini majors Mar-19 Proportion Destination MAT Proportion Mar-19 (%) Comparable MAT growth (%)1 of GLA portfolio2 Current Dec-1
Slide 9: Destination portfolio continues to perform strongly
Destination portfolio continues to perform strongly1 Strength of metrics reinforce strategy Specialty SS + MM2,3 Occupancy Mar-19 MAT2 MAT growth costs2 ($/sqm) (%) (%) Chadstone 19,583 10.0 16.4 FLAGSHIP Premium CBDs 18,087 0.3 18.2 DFOs 10,177 5.6 11.4 High potential centres (HP) 8,710 1.0 15.3 De
Slide 10: Active tenant remixing an ongoing focus
Active tenant remixing an ongoing focus High performing retailers are expanding from specialty stores to mini majors1, becoming the new anchor tenants Change in portfolio GLA weighting since June 2013 (%)2 Mini majors rise in prominence Provide an extended range of stock, competitive pricing and con
Slide 11: Refreshing our customer offer
Refreshing our customer offer Exciting new retailer openings and service offerings introduced Aje. and Saint Laurent QueensPlaza, QLD Visitor lounge Kaya Health Club Chadstone, VIC Emporium Melbourne, VIC Reign and Esquire Queen Victoria Building, NSW JD Sports, Bayside or new food concept also? JD
Slide 12: Chadstone, VIC – Australia's #1 retail centre with $2.2b of MAT
Chadstone, VIC – Australia’s #1 retail centre with $2.2b of MAT International and luxury retailers, quality dining and entertainment, complemented by premium hotel offer in November 2019 Number 1 centre in Australia Highest MAT for the 18th consecutive year1 MAT of $2.2b Visitor lounge opened Decemb
Slide 13: Value creation from retail development and mixed-use
Value creation from retail development and mixed-use A driver of portfolio enhancement, with a focus on high-returning opportunities Focused retail development pipeline Prioritises investment in Flagship and strategic High Potential assets Significant projects planned • Bankstown Central, Box Hill C
Slide 14: The Glen, VIC – Major redevelopment progressing well
The Glen, VIC – Major redevelopment progressing well Stage four on track for August 2019 opening and residential apartment site handed over to third party $430m1 major redevelopment Forecast development yield2 of >7% and IRR >13% Strong performance of completed stages one, two and three Embraced by
Slide 15: Putting our consumers and retailers first through data
Putting our consumers and retailers first through data Creating the most relevant retailer mix for our consumers – connecting brands and consumers Building a proprietary leasing tool Sharing insights with our retailers Bringing online retailers into centres Chadstone, VIC – catch.com.au Using quanti
Slide 16: Vicinity has a clear strategic direction and view on the evolution of retail
Vicinity has a clear strategic direction and view on the evolution of retail Execution of strategy is delivering results and positions Vicinity well for the future Solid performance during quarter Vicinity positioned well in challenging and competitive retail environment Leveraging points of differe
Slide 17: Key dates
Key dates Investor calendar Key dates Ex-distribution date for June 2019 distribution 27 June 2019 Record date for June 2019 distribution 28 June 2019 FY19 annual results 14 August 2019 June 2019 distribution payment and 2019 Annual Tax Statements despatched 28 August 2019 2019 Annual General Meetin
Slide 18: Contact details and disclaimer
Contact details and disclaimer For further information please contact: Penny Berger Troy Dahms Head of Investor Relations Senior Investor Relations Manager T +61 2 8229 7760 T +61 2 8229 7763 E penny.berger@vicinity.com.au E troy.dahms@vicinity.com.au Disclaimer This document is a presentation of ge