Stockland · ASX:SGP
Stockland — Q1 FY2023 Earnings Presentation
11 slides from Stockland's earnings presentation, Oct 17, 2022
Slide 1: 1Q23 Update
1Q23 Update 17 October 2022 Ingleburn Logistics Park, NSW
Slide 2: September 2022 quarter update
September 2022 quarter update Key highlights • Retirement Living Business divestment completed in July 2022 • Transfer of Stockland Halcyon Nirimba, QLD, and Stockland Halcyon Berwick, VIC, into the Stockland Residential Rental Partnership (SRRP) completed in July 2022, generating cash-backed profit
Slide 3: Commercial Property
Commercial Property Stockland Rockhampton, QLD 3
Slide 4: Logistics & Workplace
Logistics & Workplace Solid operational metrics from a high quality portfolio Logistics 1Q23 1Q22 • High occupancy level of 99.9%1,2 and rent collection rate of 99%2 over the quarter 3 months ended 3 months ended 30 September 2022 30 September 2021 • Portfolio WALE3 of 3.3 years, with focus on maxim
Slide 5: Town Centres
Town Centres Strong performance from essentials-based portfolio Resilient sales recovering from COVID-19 impacts 4,7 COVID-19 Omicron Resilient sales underpinned by ~75% exposure to essentials-based surge restrictions categories1 impacting ~60% 13.8% 15.2% 17.0% 21.0% 12.0% 13.1% 12.4% 13.6% of SG
Slide 6: Communities
Communities Stockland « 70vesss_
Slide 7: Masterplanned Communities
Masterplanned Communities Affordability impacted by successive interest rate rises • 1Q23 net sales of 845 in line with expectations, with enquiry returning to Net sales by quarter pre-COVID-19 levels 2,036 1,974 1,947 1,891 1,868 1,799 382 180 • This reflects the cumulative impact of successive int
Slide 8: Land Lease Communities
Land Lease Communities Strong performance from established portfolio and resilient demand for development product • Strong 1Q23 operating metrics in the established portfolio: Net sales by quarter • Average rental growth of 6.3%1 vs FY22 • 100% occupancy and rent collection rates2 • Underlying deman
Slide 9: Outlook
Outlook [9 Stockland - 70x ‘Highlands, VIC
Slide 10: Outlook
Outlook Outlook: Good visibility for FY23 despite macroeconomic uncertainty • Strength of diversified platform and delivering on strategic priorities • Well performing Town Centre portfolio • Growth in Logistics portfolio from accelerated development pipeline • Increasing contribution from expanding
Slide 11: Stockland Corporation Limited Important Notice
Stockland Corporation Limited ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741; AFSL 241190 As responsible entity for Stockland Trust ARSN 092 897 348 LEVEL 25 133 Castlereagh Street SYDNEY NSW 2000 Important Notice This Presentation (“Presentation”) has been prepared and issued by