Scentre Group · ASX:SCG
Scentre — Q3 2023 Earnings Presentation
11 slides from Scentre's earnings presentation, Nov 9, 2023
Slide 1: Scentre Group Operational Update
ASX Announcement 9 November 2023 SCENTRE GROUP OPERATIONAL UPDATE Scentre Group (ASX: SCG) today announced a 3rd quarter operational update for the period ended 30 September 2023. Scentre Group Chief Executive Officer Elliott Rusanow said: “Our strategy to attract more people to our Westfield destin
Slide 2: Outlook
Outlook Subject to no material change in conditions, the Group reconfirms that it expects Funds from Operations to be in the range of 20.75 to 21.25 cents per security for 2023, representing 3.4% to 5.9% growth for the year. This equates to growth in FFO for the second half of 2023 of between 5.6% t
Slide 3: Appendix
Operational Update | Q3 2023 Appendix Westfield Chermside, QLD
Slide 4: 42 Westfield destinations: operational highlights
OUR PURPOSE: Creating extraordinary places, connecting and enriching communities OUR PLAN: We create the places more people choose to come, more often, for longer OUR AMBITION: To grow the business by becoming essential to people, their communities and the businesses that interact with them OPERATIO
Slide 5: Leasing Activity
Leasing Activity The Group continues to achieve an elevated level of leasing activity in 2023 LEASING DEALS PORTFOLIO OCCUPANCY AVERAGE SPECIALTY RENT ESCALATION 2,249 99.1% +7.6% YTD 857 New Merchants, 211 New Brands 30bps1 CPI + 2% average specialty rent escalation 2,464 2,249 2,010 2,083 2,010 1,
Slide 6: Business Partner Sales: Growth Over 2019
Business Partner Sales Growth Over 20191 Total sales were 13.8% higher for the nine months to September Specialty sales were 18.1% higher for the nine months to September Total Portfolio 3 Months to 9 Months to Majors sales were 14.4% higher for the nine months to September Sales by Category 30 Sep
Slide 7: Business Partner Sales: Growth Over 2022
Business Partner Sales Growth Over 20221 Total sales were 7.3% higher for the nine months to September Specialty sales were 5.1% higher for the nine months to September Total Portfolio 3 Months to 9 Months to Majors sales were 5.8% higher for the nine months to September Sales by Category 30 Sep 202
Slide 8: Developments: Westfield Knox
Developments Project Westfield Knox, VIC Highlights Overview Stage 1: Completed in December 2022, introducing a Project Cost $355m (SCG Share: $177.5m) diverse mix of premium fashion and lifestyle brands, a Commencement 2022 new fresh food emporium, alongside new Completion November 2023 supermarket
Slide 9: Developments: Westfield Mt Gravatt
Developments Sundry Project Westfield Mt Gravatt, QLD Highlights Overview Introducing Uniqlo, Harris Scarfe, and six specialty Project Cost $50m (SCG Share: $50m) stores into the former David Jones space, including Commencement 2023 highly sought after fashion brands, and a new Completion Q4 2024 en
Slide 10: Developments: Westfield Tea Tree Plaza
Developments Sundry Project Westfield Tea Tree Plaza, SA Highlights Overview Introducing JB Hi-Fi and an expanded Timezone into Project Cost $27m (SCG Share: $13.5m) the former Myer level 1 space, enabling the Commencement 2023 introduction of additional specialty dining operators. Completion Q2 202
Slide 11: Important Notice
Important Notice All amounts in Australian dollars unless otherwise specified. SCENTRE GROUP LIMITED ABN 66 001 671 496 The material in this release and presentation is for general information purposes only and is given in summary form. Information in this presentation is not SCENTRE MANAGEMENT LIMI