Mirvac Group · ASX:MGR
Mirvac — Non-Deal Roadshow (May 2017)
17 slides from Mirvac's roadshow presentation, May 8, 2017
Slide 1: 'The right place' has to be right for you
‘The right place’ has to be right for you in so many ways – your family, your social life, your recreational, investment and leisure choices, your career and your outlook. When you find it, you’ll know. Our job is to create it, and to help you find it. So we offer an amazing array of choices for hom
Slide 2: Melbourne Residential Tour – 8 May 2017
MELBOURNE RESIDENTIAL TOUR 8 MAY 2017 Melbourne Residential Tour – 8 May 2017
Slide 3: Residential Portfolio Overview
RESIDENTIAL PORTFOLIO OVERVIEW 74% We will continue to Pipeline keep this overweight focus to Sydney and $10.1bn Melbourne1 Sydney and Melbourne are Australia’s largest, deepest and most resilient markets Pipeline 1 31,353 Lots under control 17% Group capital employed 1. Based on Mirvac’s share of e
Slide 4: Clearly defined urban focus and focused mandate improve pipeline quality
CLEARLY DEFINED FOCUSED MANDATE HAS SIGNIFICANTLY URBAN FOCUS IMPROVED PIPELINE QUALITY > Residential ROIC has improved from Strong demand ~5% in FY13 to target of >15% in FY17 1 for product Target average IRR > Strong embedded margins across MPC and apartment pipeline $ . 30bn Pre-sales at 18% > 50
Slide 5: Well-balanced pipeline a key competitive advantage
WELL-BALANCED PIPELINE A KEY COMPETITIVE ADVANTAGE ABILITY TO PROVIDE END-TO-END SERVICE TO OUR CUSTOMERS > Projected dwelling completions to 2031 to be driven by outer and > Mirvac is a leading Australian brand adding value at every stage of middle ring housing the process and offering an end-to-en
Slide 6: Delivering great places
DELIVERING GREAT PLACES IMPROVED SENSE OF SAFETY INCREASED SENSE OF COMMUNITY IMPROVED HEALTH AND WELLBEING INCREASED SENSE OF PLACE Well connected Healthy and active Mixed use Diversity Vibrant and active Work with the landscape – Retail, amenity and Character and identity balance between community
Slide 7: Creating communities
CREATING COMMUNITIES 61% Australia Day Twilight event at Harcrest, VIC 87% State average 1 Residents were Community satisfied with sense of Green Spring community in Mirvac Celebration at developments 1 Brighton Lakes, NSW ConstRuction uPDATE oN The MoReton develoPment, located at 30 Wellington StRe
Slide 8: Sustainable solutions that create value for our customers
SUSTAINABLE SOLUTIONS THAT CREATE VALUE FOR OUR CUSTOMERS AND ACHIEVE INDUSTRY LEADING OUTCOMES Masterplanned communities > Smart Communities at Woodlea, Melbourne focusing on smart learning, smart safety and smart wellbeing > Created 2.5 hectare park and wetlands sanctuary at Enclave, Melbourne > 2
Slide 9: Creating and achieving ambitious sustainability targets
CREATING AND ACHIEVING AMBITIOUS SUSTAINABILITY TARGETS NEW NEW TARGET TARGET TARGET TARGET TARGET Solar and battery packages Develop a Create a Pilot Install have been developed Install Sustainable “One Planet a home with Solar PV on all and will be included batteries in all Lifestyle Living” “no e
Slide 10: Melbourne Residential Portfolio Overview
MELBOURNE RESIDENTIAL MELBOURNE PORTFOLIO OVERVIEW WORLD’S MOST LIVEABLE CITY For the 6th >12,000 Portfolio overweight consecutive year 2 Lots under to MPC control projects 38 $ . bn 88% of pipeline lots weighted Pipeline 1 10 to MPC Major projects 1. Mirvac’s share of expected future revenue. 2. In
Slide 11: Pipeline strategically diversified across greenfield, middle ring and infill
PIPELINE STRATEGICALLY DIVERSIFIED CAPITAL EFFICIENT AND ACROSS GREENFIELD, MIDDLE RING AND INFILL HIGHLY ACTIVE LAND HOLDINGS Olivine > Melbourne represents 23% of Group Residential capital, 2,145 evenly balanced between MPC and apartments LOTS DONNYBROOK Calder Freeway Hume Residential invested ca
Slide 12: Melbourne is a significant residential contributor with solid performance
MELBOURNE IS A SIGNIFICANT RESIDENTIAL CONTRIBUTOR WITH SOLID PERFORMANCE Melbourne sales activity 1,600 lots > Melbourne sales activity up driven by the activation of new projects: Melbourne > Woodlea 1,200 represented ~40% > Tullamore 12 800 > The Eastbourne > Increased Melbourne EBIT contribution
Slide 13: New, strong performing projects support earnings outlook
NEW, STRONG PERFORMING PROJECTS SUPPORT EARNINGS OUTLOOK FOR MANY YEARS TO COME MAR 15 MAY 15 MAY 16 MAR 17 MAY 17 TULLAMORE SMITH’S LANE WOODLEA TULLAMORE THE EASTBOURNE OLIVINE EXPECTED LAUNCH LAUNCH LAUNCH LAUNCH LAUNCH APARTMENTS EXPECTED LAUNCH 6,201 807 258 2,145 FIRST RELEASE 2,297 Total proj
Slide 14: Key to our success
KEY TO Ability to OUR SUCCESS attract quality partners Innovative built Strength of form solutions relationships driving higher including authorities density outcomes and education providers Commitment to early infrastructure and amenity Right customer offering Projects in the right Recognised brand
Slide 15: Questions
questions the right place | by mirvac
Slide 16: Melbourne Residential Tour
MELBOURNE RESIDENTIAL TOUR THE EASTBOURNE The quality of our projects and their locations, our brand, our experience, our end-to-end service Olivine 4 and the certainty you get with Mirvac is what Calder DONNYBROOK sets us apart. Freeway Hume Freeway Tullamarine Join us on this tour to learn more. A
Slide 17: Thank you
thank you pupa MIFVAC