Stockland : FY19 Results Annexure

FY19 Annexures

21 August 2019

WILLOWDALE, SYDNEY

About Stockland

A3

Group Finance

A10

Commercial Property

A26

Residential

A43

Research

A61

Figures are rounded to nearest million, unless otherwise stated. Percentages are calculated based on the figures rounded to one decimal place throughout this presentation.

Stockland quick facts

TRUST

CORPORATION

Stockland Shellharbour, NSW

Warwick Farm, Sydney

Piccadilly Complex, Sydney

Highlands, VIC

Mernda Retirement Village, VIC

Retail Town Centre

Create market leading retail town centres

45% SGP portfolio1

35 assets

Ownership interests valued at $6.9bn and gross book value of $7.3bn

Logistics

Grow and develop a leading portfolio

18% SGP portfolio1

29 assets

Ownership interests valued at $2.5bn and gross book value of $2.8bn

Workplace	Residential	Retirement Living
Optimise returns	Maximise returns by creating	Leading operator
		thriving communities	and developer
5% SGP portfolio1	22% SGP portfolio1	10% SGP portfolio1
5 assets	76,000 lots remaining	62 Established Villages
Ownership interests valued at	End market value $21.4bn	Over 9,100 units
Funds employed $1.5bn
$0.8bn and gross book value of
$1.3bn

1. Includes Unlisted Property Fund Assets (19.9% ownership), WIP and sundry properties.

3 Stockland FY19 Results Annexure

Strategic mix

Recurring	Target	Assets 30 June 2019	Assets 30 June 2018	Operating profit FY19	Operating profit FY18
Commercial Property		68%	69%	60%	63%
Retirement Living		7%	6%	5%	6%
Other and unallocated corporate overheads		-	-	(3)%	(4)%
Total recurring	70 - 80%	75%	75%	62%	65%

Trading	Target	Assets 30 June 2019	Assets 30 June 2018	Operating profit FY19	Operating profit FY18
Residential		22%	22%	40%	39%
Retirement Living		3%	3%	1%	-
Commercial Property		-	-	-	-
Other and unallocated corporate overheads		-	-	(3)%	(4)%
Total trading	20 - 30%	25%	25%	38%	35%

4 Stockland FY19 Results Annexure

We are well positioned with a diverse portfolio1,2

			18
	6		23	10
9	2	1	12
			1	33
				11	21
			14

12 23

Key

Commercial Property

Residential Communities

Retirement Living

All States	CP	RESI	RL	Total
Number of	72	56	68	196
properties/projects
Book value	$10.5bn	$3.4bn	$1.5bn	$15.4bn
SGP portfolio3	68%	22%	10%	100%

QLD	CP	RESI	RL	Total
Number of	18	23	10	51
properties/projects
Book value	$1.9bn	$0.9bn	$0.3bn	$3.1bn
SGP portfolio3	12%	6%	2%	20%

VIC	CP	RESI	RL	Total
Number of	14	12	23	49
properties/projects
Book value	$1.3bn	$1.0bn	$0.5bn	$2.8bn
SGP portfolio3	9%	6%	3%	18%

NSW	CP	RESI	RL	Total
Number of	33	11	21	65
Properties/projects
Book value	$6.6bn	$0.9bn	$0.5bn	$8.0bn
SGP portfolio3	43%	6%	3%	52%

SA and ACT	CP	RESI	RL	Total
Number of	1	1	12	14
properties/projects
Book value	$0.1bn	$0.1bn	$0.1bn	$0.3bn
SGP portfolio3	<1%	<1%	<1%	2%

WA	CP	RESI	RL	Total
Number of	6	9	2	17
properties/projects
Book value	$0.6bn	$0.5bn	$0.1bn	$1.2bn
SGP portfolio3	4%	3%	1%	8%

1. Includes Unlisted Property Fund Assets (at 100% ownership), WIP & Sundry
2. RL established and development assets at same location are treated as a single property/project (disclosed separately in Property Portfolio)
3. Note - Percentages may not add due to rounding

5 Stockland FY19 Results Annexure