Stockland · ASX:SGP
Stockland — Investor Day (May 2011)
8 slides from Stockland's investor day presentation, May 3, 2011
Slide 1: Group Update
Group Update Matthew Quinn, Managing Director www.stockland.com
Slide 2: Stockland's integrated model
Stockland’s integrated model 3-R growth strategy - Residential Communities, Retail development and Retirement Living Residential Retail Communities Retirement Living 39 properties 71 projects 58 villages $4.2b funds employed $2.0b funds employed $1.0b funds employed $2.4b pipeline $22b pipeline end
Slide 3: Business update – on track to achieve FY11 EPS guidance
Business update – on track to achieve FY11 EPS guidance FY11 group earnings Private detached house approvals1 • On track to achieve upgraded EPS of 31.6c per 3,800 security; 8.5% growth on FY10 3,300 Residential market conditions • Varied market conditions across the country: 2,800 Monthly approvals
Slide 4: Strong enquiry but buyers are cautious
Residential Communities – strong enquiry but buyers are cautious • Strong 3Q11 Stockland customer traffic: Stockland customer lead volumes remain strong 1 2 due to Christmas Seasonality Reflects strategy to deliver affordable packages 8,000 relative to established market Total lead volumes 6,000 Sol
Slide 5: Residential Communities – QLD conditions remain subdued post-floods
Residential Communities – QLD conditions remain subdued post-floods Sales run rate in SE QLD slowed in 3Q11 • Even though the direct impact of the floods on Stockland was minimal, the broader impact on sentiment has been quite significant • Potential customers are actively looking, but not yet buyin
Slide 6: Slower 3Q11 but strong contracts on hand
Residential Communities – slower 3Q11 but strong contracts on hand • FY11 lot settlements expected to be slightly higher QLD subdued while other states at long-term averages than 5,236 lots settled1 in FY10: 3,500 3,101 3,169 3,134 Very strong 1H11 2,975 3,000 405 302 351 428 2,500 Deposits slowed i
Slide 7: Commercial Property – solid 3Q11 retail sales and rental growth
Commercial Property – solid 3Q11 retail sales and rental growth • Continuing to re-weight capital to retail in line with 3-R growth strategy: All major developments on program and budget Acquisition of Hervey Bay shopping centre at 7.5% initial yield with development potential to more than double th
Slide 8: Our agenda
Our agenda • Retirement Living investor briefing Morning Tea • Development briefing • Operations briefing • Q&A • Asset tours: Well established and successful 189 unit retirement village The Willows featuring a mix of older style and newly developed independent living units and serviced apartments N