Stockland · ASX:SGP
Stockland — Investor Day (May 2011)
16 slides from Stockland's investor day presentation, May 3, 2011
Slide 1: Development Overview
Development Overview Barry Mann – General Manager, Development www.stockland.com
Slide 2: Agenda
Agenda 1. Process Well defined and leveraging our corporate expertise 2. Product Development Continually improving to produce a better result 3. Pipeline Strong growth from our land bank - 39 - Retirement Living Investor Day 3 May 2011
Slide 3: Residential development for the older generation
Residential development for the older generation Choose Acquire Masterplan Build Initial „sale‟ corridors land & design Strategy • Residential • Demographics – • Community centre • Incorporate • Strong database retirement features corridors for large high over 65 and facilities into homes • Early di
Slide 4: Clear site selection criteria
Choose Acquire Masterplan Build Initial „sale‟ corridors land & design Clear site selection criteria • Proximity adds value • High population areas • High over 65 population • Residential values over $350,000 • Align with Residential land bank - 41 - Retirement Living Investor Day 3 May 2011
Slide 5: Example: Macarthur Gardens, NSW
Choose Acquire Masterplan Build Initial „sale‟ corridors land & design Sydney Macarthur Railway Station 60 Km Stockland Macarthur Macarthur Gardens Square Residential Shopping Development Centre Macarthur Gardens Retirement Village Aged Care 1km Campbelltown Private Hospital Campbelltown Golf Club C
Slide 6: Macarthur Gardens masterplan: nine stages
Choose Acquire Masterplan Build Initial „sale‟ corridors land & design Nine Stages of 25 to 30 ILUs per stage Example: Macarthur Gardens, NSW Gated access to public park RV & caravan parking Central Walking access to community regional shopping centre centre High impact Pocket park and secure entry
Slide 7: Community facilities and homes
Choose Acquire Masterplan Build Initial „sale‟ corridors land & design Community facilities Homes Health & Wellbeing Features • Medical Suites, Nurses Room, Podiatrists • Mobility and dexterity • Hair Salon and beautician • Facilities for grabrails • Pool and gym – movement and flexibility • Easy to
Slide 8: New development customers
Choose Acquire Masterplan Build Initial „sale‟ corridors land & design New development customers • Around 70 years old in new developments • 30% singles, 70% couples • Majority come from within 10km radius • Move for: lifestyle downsize follow the kids “We already downsized our property “The village
Slide 9: Agenda
Agenda 1. Process Well defined and leveraging our corporate expertise 2. Product Development Continually improving to produce a better result 3. Pipeline Strong growth from our land bank - 46 - Retirement Living Investor Day 3 May 2011
Slide 10: Homes - continually enhancing our product
Homes - continually enhancing our product Use this and a picture of Henley Home at Selandra Rise Recent past Current designs Near future • Custom built • Custom designed • Project homes - modified for • Narrow frontage retirees • Wide frontage • Varied streetscapes • Narrow frontage • Monotonous str
Slide 11: Community centre - a community within communities
Community centre - a community within communities • Health and wellbeing / community lifestyle • Activity hub with a club atmosphere • Open within 6 months of first residents - 48 - Retirement Living Investor Day 3 May 2011
Slide 12: Product development – innovation to enhance affordability
Product development – innovation to enhance affordability What Why How • Customers need to preserve • Reduce land m 2 per ILU capital • Reduce building size Improve • Increase customer pool • Increase services provision affordability • Increase accessible outside ILU corridors • Align with partner b
Slide 13: Agenda
Agenda 1. Process Well defined and leveraging our corporate expertise 2. Product Development Continually improving to produce a better result 3. Pipeline Strong growth from our land bank - 50 - Retirement Living Investor Day 3 May 2011
Slide 14: Identified development pipeline: ~3,400 ILUs
Identified development pipeline: ~3,400 ILUs (as at 1 May 2011) Anticipated Settlements State Project Total Remaining Units Units FY11 FY12 FY13 FY14 FY15 FY16 (approx) (approx) Current Active Projects VIC Gowanbrae 190 40 NSW QLD Fig Tree 190 100 VIC Highlands 200 170 QLD QLD North Lakes Extension
Slide 15: Strong growth and profit coverage from existing land bank
Strong growth and profit coverage from existing land bank • Annual volume of new unit settlements expected to triple over next 3 years: Improved geographic diversity in 4 states Strong lead database Early establishment of community centre Leveraging Residential communities development progress • Fun
Slide 16: Summary
Summary • Process: Residential development for the older generation Development processes leverage our skill base and corporate expertise • Product development: Continue to improve based on deep customer insight Innovate to enhance affordability • Pipeline: Strong growth delivered from our diversifi