Scentre Group · ASX:SCG
Scentre — Q1 2024 Earnings Presentation
10 slides from Scentre's earnings presentation, May 9, 2024
Slide 1: Scentre Group Operating Update
ASX Announcement 9 May 2024 SCENTRE GROUP OPERATING UPDATE Scentre Group (ASX: SCG) today announced an operating update. Scentre Group Chief Executive Officer Elliott Rusanow said: “Our operating results in the early part of 2024 are pleasing. “Customer visitation to our 42 Westfield destinations in
Slide 2: Outlook
Outlook Mr Rusanow said: "Our decision to increase security across the portfolio and provide financial support to our business partners following the tragedy at Westfield Bondi will result in an increase in operating expenses in 2024. The Group reconfirms that subject to no material change in condit
Slide 3: Operating Update Appendix
oe Operating Update Appendix
Slide 4: Operational Highlights
OPERATIONAL HIGHLIGHTS Growth5 Customer Visits1 175m +2.8m 6 Business Partner Sales2 $6.5bn +2.4% 15 4 3 4 Leasing Deals3 757 8 7 2 Portfolio Occupancy4 99.2% +0.3% 1 WESTFIELD DESTINATIONS Gross Rent Collection3 $902m +$38m 42 Westfield destinations in close proximity to 20 million people Westfield
Slide 5: Business Partner Sales: Growth Over 2019
Business Partner Sales Growth Over 20191 Total sales were 16.8% higher for the 3 months to March Total Portfolio 3 Months to Sales by Category 31 Mar 2024 Specialty sales were 21.0% higher for the 3 months to March Fashion 15.2% Majors sales were 17.5% higher for the 3 months to March Technology & A
Slide 6: Business Partner Sales: Growth Over 2023
Business Partner Sales Growth Over 20231 Total sales were 2.4% higher for the 3 months to March Total Portfolio 3 Months to Sales by Category 31 Mar 2024 Specialty sales were 2.7% higher for the 3 months to March Fashion (1.0%) Majors sales were 2.7% higher for the 3 months to March Technology & App
Slide 7: Developments: Westfield Sydney, NSW
Developments Westfield Sydney, NSW Highlights Overview Introducing a further 5 levels of luxury and high-end Project Cost $450m (SCG Share: $450m) retail, including the new Chanel boutique. Commencement 2024 Completion In stages from Q4 2024 Other brands to join the expanded Westfield Sydney Increme
Slide 8: Developments: Westfield Mt Gravatt, QLD
Developments Westfield Mt Gravatt, QLD Highlights Overview Introducing Uniqlo, Harris Scarfe, and a range of Project Cost $50m (SCG Share: $50m) specialty stores into the former David Jones space, Commencement 2023 including highly sought after fashion brands, and a Completion Q4 2024 new entertainm
Slide 9: Developments: Westfield Tea Tree Plaza, SA
Developments 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 2024 Myer complete
Slide 10: 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