Vicinity Centres · ASX:VCX
Vicinity Centres — J.P. Morgan Property Forum 2016
11 slides from Vicinity Centres's conference presentation, May 25, 2016
Slide 1: J.P. Morgan Property Forum
For personal use only Chadstone, VIC J.P. Morgan Property Forum 25 May 2016
Slide 2: Group investment principles
Group investment principles Focused on long-term value creation and delivering sustainable earnings growth through the cycle For personal use only Simple and transparent business model Key financial objectives (‘through cycle’ basis) with a single sector focus Group level Target Invest in quality Au
Slide 3: Enhancing the quality of the portfolio: asset divestment program
Enhancing the quality of the portfolio Asset divestment program extended following strong start For personal use only Divestment program announced in December 2015 focused Divestments announced to date on improving portfolio quality and long-term value creation Price ($m) Assets selected for divestm
Slide 4: Redeploying capital into value-accretive opportunities
Enhancing the quality of the portfolio Redeploying capital into value-accretive opportunities For personal use only Perth assets The Shops at Ellenbrook and Livingston Marketplace acquired in December 2015 for $320m • Both assets trading well above Urbis benchmark for specialty store sales productiv
Slide 5: Development pipeline is a key growth driver
Enhancing the quality of the portfolio Development pipeline is a key growth driver For personal use only Development pipeline of $3.1b (Vicinity share: $1.5b) Three projects, Halls Head Central, Colonnades and DFO South Wharf, totalling1 $120m completed in March 2016 quarter, with a forecast average
Slide 6: Outlet strategy overview
Outlet strategy overview Outlets are an attractive investment proposition and Vicinity’s strategy is to reinforce its leadership position in this sector For personal use only Performance of four DFO assets since acquisition in 2010 to 31 December 2015 Leader in Australian Outlet Centres, with over $
Slide 7: Leading retail management platform
Leading retail management platform Scale and breadth of managed portfolio provides benefits For personal use only $18.5 billion 95 annual retail sales centres under management 9,500+ 3.0 million sqm leases gross lettable area $23.5 billion $3.1 billion assets under management development pipeline1 N
Slide 8: Adding value through intensive asset management approach
Adding value through intensive asset management approach PRICE model is used to guide Vicinity’s intensive asset management approach For personal use only People and processes World class people and processes Risk management Best practice operational risk and compliance processes Income Optimise new
Slide 9: Income opportunities
Income opportunities Significant opportunity to grow ancillary income streams across the portfolio For personal use only Key category Opportunity Casual mall • Significant scope to increase occupancy rate leasing and drive income Electricity • Currently in 57 Direct Portfolio assets on-sell • Opport
Slide 10: Experience opportunities
Experience opportunities Enhancing asset quality and shopper experience through asset refurbishment projects For personal use only Asset Refurbishment Team (ART) projects Small capital investments with strong returns Improving asset quality and relevance Providing better shopper experience Morningto
Slide 11: Contact details and disclaimer
Contact details and disclaimer For further information please contact: For personal use only 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 i