Scentre Group · ASX:SCG
Scentre — Q1 2015 Earnings Presentation
13 slides from Scentre's earnings presentation, 2015
Slide 1: 1st Quarter Update
Owner and Operator of V VESULELL in Australia and New Zealand
Slide 2: Disclaimer
DISCLAIMER The financial information included in this release is based on the Scentre Group’s IFRS financial statements. Non IFRS financial information included in this release has not been audited or reviewed. This release contains forward-looking statements, including statements regarding future e
Slide 3: 1st Quarter Highlights
1ST QUARTER HIGHLIGHTS SCENTRE GROUP REPORTS 5.8% GROWTH IN SPECIALTY SALES FOR THE QUARTER • Comparable specialty retail sales growth in Australia of 5.8% for the 1st quarter and a 4.0% increase for the last 12 months • Comparable specialty store rent in Australia continues to grow, up 2.4% for the
Slide 4: Portfolio Overview
PORTFOLIO OVERVIEW As at 31 December 2014 A$27.5bn1 Portfolio by GLA 38 Centres NZ 10% Brisbane - $4.5bn ACT 4% 3 Wholly Owned 3 Joint Ventures WA 5% NSW 39% NT QLD SA 8% WA 6 Sydney – $14.4bn 10 Wholly Owned 7 Joint Ventures SA QLD 15% NSW 17 3 VIC 19% 3 2 Canberra – $1.2bn Portfolio by Asset Value
Slide 5: Portfolio Summary
PORTFOLIO SUMMARY As at 31 December 2014 Australia New Zealand 1 Total 2 Centres 38 9 47 Retail Outlets 11,289 1,410 12,699 GLA (m sqm) 3.5 0.4 3.9 SCG Interests (bn) 3 $27.5 NZ$1.9 $29.3 JV Partner Interests (bn) 3 $10.6 NZ$1.0 $11.6 Assets Under Management (bn) 3 $38.1 NZ$2.9 $40.9 1 Pro forma pos
Slide 6: Operating Performance
OPERATING PERFORMANCE 12 months to 31 March 2015 Australia New Zealand Total Moving Annual Turnover (incl. GST) (bn) $20.7 NZ$2.3 $22.9 Specialty Retail Sales (incl. GST) (psm) $10,315 NZ$10,216 $10,266 Specialty Store Rent (psm) $1,564 NZ$1,143 $1,512 Comparable Specialty Retail Sales growth 4.0% 2
Slide 7: Comparable Retail Sales Growth
COMPARABLE RETAIL SALES GROWTH Period to 31 March 2015 12 months 3 months Australia Majors (0.4%) 1.0% Mini Majors 0.9% 8.7% Specialties 4.0% 5.8% Total 1.7% 3.8% New Zealand Majors 2.4% 4.9% Mini Majors (1.5%) 2.8% Specialties 2.8% 5.9% Total 2.1% 5.1% 2015 1Q UPDATE │7
Slide 8: Comparable Specialty Retail Sales by Region
COMPARABLE SPECIALTY RETAIL SALES BY REGION Period to 31 March 2015 By Region 12 months 3 months NSW 5.1% 7.3% QLD 1.1% 1.5% VIC 6.5% 10.5% SA 2.9% 2.1% WA (0.1%) (1.2%) ACT 0.3% 2.2% New Zealand 2.8% 5.9% Total 3.8% 5.8% 2015 1Q UPDATE │8
Slide 9: Comparable Sales by Category – Australia
COMPARABLE SALES BY CATEGORY – AUSTRALIA Period to 31 March 2015 Retail Sales 1 12 months 3 months Department Stores 0.3% 2.0% Discount Department Stores (2.5%) 0.8% Supermarkets 1.1% 0.8% Cinemas 3.4% 25.8% Fashion 2.7% 4.8% Footwear 4.5% 7.9% Jewellery 9.1% 7.2% Leisure 2.2% 4.8% General Retail 1.
Slide 10: Development and Construction Activity
DEVELOPMENT AND CONSTRUCTION ACTIVITY Anticipated Total Project SCG Share Project Yield Range Completion Scentre Group Miranda $475m $238m 2014 / 2015 Chatswood $110m $110m 2015 / 2016 North Lakes $80m $40m 2015 / 2016 Hurstville $105m $53m 2015 Kotara $55m $55m 2015 Casey $155m $155m 20
Slide 11: New Developments
NEW DEVELOPMENTS HURSTVILLE • Myer’s decision to vacate its space upon expiry of its lease in early 2015 created an opportunity to undertake a comprehensive upgrade of the entire centre that will introduce a number of new fashion retailers, a new Woolworths supermarket, Big W and JB Hi Fi • Replacem
Slide 12: New Developments
NEW DEVELOPMENTS CASEY Casey Central is a small neighbourhood centre owned by the Group since 2005, with a total GLA of 6,500sqm anchored by a strongly performing Coles supermarket and 23 shops. It occupies a strategic 10 hectare site in the south east growth corridor of Melbourne. The redevelopment
Slide 13: Development Opportunities
DEVELOPMENT OPPORTUNITIES The Group is undertaking pre-development activity on future development opportunities in excess of $3bn Australia New Zealand Carousel (WA) Plenty Valley (VIC) Albany (NZ) Chermside (QLD) Tea Tree Plaza (SA) Newmarket (NZ) Knox (VIC) Tuggerah (NSW) St Luke