Vicinity Centres · ASX:VCX
Vicinity Centres — Macquarie Australia Conference 2021
22 slides from Vicinity Centres's conference presentation, May 4, 2021
Slide 1: Macquarie Australia Conference presentation (ASX Announcement)
For personal use only ASX Announcement 4 May 2021 Macquarie Australia Conference presentation Enclosed is the Vicinity Centres presentation for the Macquarie Australia Conference to be held today. ENDS For further information please contact: Jane Kenny Mark Flintoft Head of Investor Relations Corpor
Slide 2: Macquarie Australia Conference presentation
For personal use only Macquarie Australia Conference presentation 4 May 2021 Vicinity Centres | Macquarie Australia Conference presentation | 4 May 2021
Slide 3: Welcome and Agenda
Welcome For personal use only Agenda 3 Economic environment 5 COVID-19: our insights 16 Appendices Grant Kelley Nicholas Schiffer CEO AND MANAGING DIRECTOR CHIEF FINANCIAL OFFICER Peter Huddle Justin Mills CHIEF OPERATING OFFICER CHIEF INNOVATION & INFORMATION OFFICER Vicinity Centres | Macquarie Au
Slide 4: Economic environment
For personal use only Economic environment Grant Kelley CEO AND MANAGING DIRECTOR Chadstone, VIC
Slide 5: Despite market uncertainty, several positive macroeconomic indicators
Economic environment Despite market uncertainty, several positive macroeconomic indicators Consumer sentiment1 Residential dwelling values2 For personal use only Index = 100 (Index = 100) 119 ADE 110.7 120 110 BNE 109.9 110 SYD 107.4 PER 106.7 105 100 MEL 101.8 90 100 80 95 70 Jan-17 Jan-18 Jan-19 J
Slide 6: COVID-19: our insights
For personal use only COVID-19: our insights Grant Kelley CEO AND MANAGING DIRECTOR QueensPlaza, QLD
Slide 7: CBD assets most impacted during COVID-19
COVID-19: our insights – asset portfolio CBD assets For personal use only CBD assets most impacted during COVID-19 Sophisticated retailers taking the opportunity to ensure a CBD presence Extended recovery profile Weekly centre visitation compared to same week pre-COVID1 Weekly data to 28 March 2021
Slide 8: DFOs: temporary significant impacts to visitation and sales
COVID-19: our insights – asset portfolio DFOs: temporary significant impacts to visitation and sales during periods of ‘essential-only’ shopping For personal use only DFOs are key to retailers achieving an optimal channel mix Positive leasing spreads maintained from July 2020 to March 2021, at 2.9%
Slide 9: Convenience-based centres showed resilience during COVID-19
COVID-19: our insights – asset portfolio Convenience-based centres1 showed resilience during COVID-19 For personal use only Convenience-based centre MAT retail sales have outperformed total portfolio Total portfolio benefits from asset diversification Weak SME leasing spreads Convenience sales growt
Slide 10: Mixed-use increasingly important to future development of shopping centres
COVID-19: our insights – asset portfolio Mixed-use increasingly important to future development of shopping centre real estate For personal use only COVID-19 may have increased flexible working and the attractiveness of office locations outside the CBD Vicinity has accelerated the planning of a numb
Slide 11: No changes to lease structure: fixed rents with annual increases
COVID-19: our insights – operating model No changes to lease structure: Vicinity invests in attractive destinations in return for fixed rents with annual increases For personal use only Vicinity and the industry met the challenge of COVID-19; supporting retailers with short-term adjustments to rent
Slide 12: Mandated store closures accelerated adoption of omni-channel retailing
COVID-19: our insights – operating model Mandated store closures accelerated the adoption of omni-channel retailing which Vicinity continues to support For personal use only Retailers accelerated investment in omni-channel in 2020 National online sales growth % change month on month Online sales gro
Slide 13: Leveraging physical and digital assets to create value
COVID-19: our insights – operating model Leveraging physical and digital assets to create value for Vicinity and our retailers For personal use only Vicinity’s proprietary inhouse leasing optimisation tool – current trial Vicinity’s insights platform – for retailers Vicinity Centres | Macquarie Aust
Slide 14: COVID-19 has required adaptive leadership
COVID-19: our insights – operating model COVID-19 has required adaptive leadership For personal use only Leadership COVID-19 necessitated leaders to lead in an environment of ambiguity, complexity and volatility Diversity Diverse working groups formed to uncover abstract ideas in complex situations
Slide 15: Resilience augmented by proactive capital management actions
COVID-19: our insights – capital structure Resilience augmented by proactive capital management actions For personal use only Fortified balance sheet with equity raising Debt maturity profile ($m)3,4 – no material debt maturity until FY23 and additional bank facilities Investment grade credit rating
Slide 16: Summary: our insights
Summary: our insights For personal use only COVID-19 presented significant challenges Aspects of the macroeconomic environment are favourable but uncertainty and risks remain CBD and DFO assets were significantly impacted Mixed-use strategy increasingly compelling Leveraging data and technology plat
Slide 17: Appendices
For personal use only 17 3QFY21 quarterly update 20 Contact details and disclaimer Appendices 19 Leadership in sustainability DFO South Wharf, VIC
Slide 18: Customer visitation and cash collection
3QFY21 quarterly update Customer visitation and cash collection For personal use only Centre visitation compared to pre-COVID levels1 Proportion of gross rental billings collected (%) Average visitation for the quarter as a percentage of same quarter in 2019 100% 100% 94% 93% 91% 82% 80% 79% 82% 83%
Slide 19: Portfolio retail sales performance
3QFY21 quarterly update Portfolio retail sales performance March 2021 quarterly sales1 showing favourable momentum Portfolio sales2 growth by store type and state For personal use only Mar-21 quarter sales growth of -7.0%, up from Dec-20: -12.3% and Sep-20: -32.0% Monthly growth Quarter growth MAT g
Slide 20: Leadership in sustainability
Leadership in sustainability Creating sustainable destinations within our communities and providing long-term value for securityholders Strong 2020 sustainability survey results NABERS Energy rating For personal use only One of only two Australian property companies in CDP’s1 Climate A-list Ranked #
Slide 21: Contact details and disclaimer
Contact details and disclaimer For personal use only For further information please contact: Jane Kenny Troy Dahms Head of Investor Relations Senior Investor Relations Manager T +61 3 7001 4291 T +61 2 8229 7763 E jane.kenny@vicinity.com.au E troy.dahms@vicinity.com.au Authorisation The Chief Execut
Slide 22: Thank you
For personal use only Thank you Vicinity Centres | Macquarie Australia Conference presentation | 4 May 2021
Vicinity Centres — Macquarie Australia Conference 2021 on 6ix