Stockland · ASX:SGP
Stockland — 3Q16 Earnings Presentation
16 slides from Stockland's earnings presentation, May 2016
Slide 1: Stockland
Stockland
Slide 2: Agenda
Agenda Topic Group Update 3 Commercial Property 5 Residential 8 Retirement Living 10 Summary and Outlook iM Annexure 12 Stockland 3916 update
Slide 3: Group Update
Group Update Continued strong performance: Solid 3.5% comparable annual sales growth for specialty stores, 2.3% for total comparable sales Progressing our Retail and L&BP development pipelines on schedule and feasibility Strong quarter for Residential net deposits Activating our landbank, with new p
Slide 4: Delivering sustainable growth
Delivering sustainable growth Retail TRUST Logistics & Business Parks Office CORPORATION Residential Retirement Living 51% of SGP portfoli 14% of SGP portfolio! 20% of SGP portfolio! 9% of SGP portfolio! * A AWE SS Stockland Green Hills, NSW Mulgrave, Vic 135 King St/Glasshouse, NSW Arve (Ivanhoe, V
Slide 5: Retail
Retail Retail Sales: * 3Q16 comparable specialty sales up 2.5%, slight moderation in growth rate, with strongest categories: * Communication technology A16.9% * Retail Services A 6.0% * Food Catering/Fast Casual Dining A5.1% * Acquired remaining 50% stake in Stockland Bundaberg for $61.5m in April 2
Slide 6: Redevelopment of Stockland Green Hills
* Redevelopment of Stockland Green Hills (NSW) commenced in January 2016, it will more than double the size of this highly productive centre * The project will be delivered over three main stages: * Mid 2017: Best & Less, 23 specialty stores & kiosks * Late 2017: Target, 2 Mini-Majors, 88 specialty
Slide 7: Logistics and Business Parks, Office
Logistics and Business Parks, Office Logistics & Business Parks: * Continued leasing momentum with 290,000 sqm, 23% of the portfolio, executed or underway * Progressing our ~$400m development pipeline: * Oakleigh Stage One development and Erskine Park to be completed in June 2016; Ingleburn Stage On
Slide 8: Residential net deposits
1,652 1,642 1,712 1,706 • 1,427 251 1,557 1,581 238 309 405 190 • 96 348 317 432 343 317 209 291 502 • 429 478 403 486 519 462 • 425 684 572 652 463 528 524 404 • 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 • 4,721 4,844 4,679 4,246 514 643 912 762 3,648 3,391 • 455 387 1,602 1,277 817 720 1,323 1,487 1,367
Slide 9: Activating our landbank
Activating our landbank * 90% of our Residential capital is now employed in actively selling Aura, Qld - Artist's impresion projects * On track to achieve first settlements at Altrove (NSW), Newport (Qld), and Pallara (Qld) in FY17 Recent and Pending Launches Total project Total lots/ Timing of Timi
Slide 10: Retirement Living
———_ Retirement Living * Strong quarter for net reservations in our Established villages * Continued to grow development pipeline; reservations affected by timing of project releases * Large stages due for completion and settlement over next two quarters at: * Cardinal Freeman (NSW) * Willowdale (NS
Slide 11: Summary & Outlook
Summary & Outlook * Remain on track to achieve underlying EPS growth of 6.5 - 7.5% and FFO per security growth of 9 - 10% in FYI6, assuming no material change in market conditions * — FYI6 DPS targeted at 24.5c * Well placed to achieve : ¢ Full year lot settlements slightly above our through the cyc
Slide 12: Annexure
‘s NSW ge A ee pent Wi an Ret 3 < 3s x [= 2 7)
Slide 13: Employment by industry
Mining Financial services Ownership of dwellings Construction Health care Professional services Manufacturing Public admin Education Retail trade Wholesale trade Transportation Info media & telco Tourism Property services Utilities Admin services Agriculture Other services Accom. & food services Art
Slide 14: Number of dwellings by state
150 NSW 70 Victoria Number of dwellings ('000s) Number of dwellings ('000s) 50 100 30 50 10 0 -10 -50 -30 1985 1989 1993 1997 2001 2005 2009 2013 2017 1985 1989 1993 1997 2001 2005 2009 2013 2017 Pent-up Demand Dwelling Completions Underlying Demand Pent-up Demand Dwelling Completions Underlying Dem
Slide 15: House price ratios around the world
100 120 140 0 20 40 60 80 New Zealand Germany Estonia Austria Sweden United Kingdom Luxembourg Switzerland Australia Canada Belgium United States Denmark Norway Japan Latvia Czech Republic France Ireland Finland Portugal Slovak Republic Greece Lithuania Korea Slovenia Italy House price-to-income rat
Slide 16: Disclaimer of Liability
Ceding) Corporation Limited Stockland Trust Management Limited ACN 001900 741; AFSL 241190 As a responsible entity for Stockland Trust ARSN 092 897 25th Floor reagh S DNEY NSW 2 b] Stockland, Disclaimer of Liability ile every eff Idlg}agourate and complete information, Stockland does not warrant or