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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Mirvac Group    MGR   AU000000MGR9

MIRVAC GROUP

(MGR)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 11/24
2.6 AUD   -1.52%
10/22MIRVAC : Morgan Stanley rates MGR as Equal-weight
AQ
08/17MIRVAC GROUP : annual earnings release
06/29MIRVAC GROUP : Ex-dividend day for final dividend
FA
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Mirvac : MGR Presentation - 2019 Macquarie Australia Conference (pdf | 2.44 MB)

04/29/2019 | 06:53pm EST

Reimagine Urban Life

30.04.2019

MACQUARIE AUSTRALIA CONFERENCE

Macquarie Australia Conference

MIRVAC'S DISCIPLINED APPROACH TO ALLOCATING CAPITAL DRIVING RETURNS

URBAN STRATEGY (SYDNEY/MELBOURNE OVERWEIGHT)

85-90% Investment

10-15% Development

Secure yield - underpins Group distribution

Disciplined growth

$ .

$ .

109bn

18bn

Office & Industrial

Retail

Residential

Office, Industrial & Retail

30 APRIL 2019

1

Macquarie Australia Conference

FOCUSED URBAN ASSET CREATION CAPABILITY DRIVING LONGER TERM GROWTH

>>Asset creation capability improving portfolio quality and recurring earnings

>>Investing incremental capital in the creation of $3.1bn of modern high quality assets

>>Consistent growth from passive recurring earnings funding distribution growth

>>IPUC1 increased 37% in 1H19 and will continue to increase in FY20

>>Expected strong future returns on active capital, but timing variable

5%

$

$

2.7bn

3.1bn

Forecast average passive

of modern office and

Active

earnings growth p.a.

industrial buildings delivered

development

FY19-21

over the past six years

pipeline2

1.Investment Properties Under Construction $389m as at 1H19.

2.As at 31 March 2019.

EXECUTED STRATEGY TO SELL REGIONAL/NON-CORE ASSETS & CREATE A MODERN CORE PORTFOLIO

120,000 sqm

8%

477 Collins St

MEL

RSQ

MEL

80,000

6

275 Kent St

SYD

367 Collins St

Bldg 2 ATP

MEL

SYD

80 Ann St

699 Bourke St

2 RSQ

BRIS

40,000

MEL

MEL

4

Locomotive

Workshops

664

SYD

8 Chifley Square

Collins St

SYD

200

MEL

Bldg

DMJC

George St

1 & 3,

SYD

ATP

PER

0

SYD

2

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

New Oice developments Reposition / refurbish Australian composite cap rate (RHS)

Source: Mirvac and MSCI.

30 APRIL 2019

2

Macquarie Australia Conference

OUR PURPOSE: TO REIMAGINE URBAN LIFE

Shaping the future of Australia's cities & urban areas

TRAMSHEDS, SYD

WOODLEA, MEL

GREEN SQUARE, SYD

664 COLLINS STREET, MEL

CALIBRE, SYD

ATP, SOUTH EVELEIGH, SYD

We leave a legacy of sustainable, connected & vibrant urban environments

30 APRIL 2019

3

Macquarie Australia Conference

AUSTRALIA'S FIRST INDIGENOUS ROOFTOP FARM AT SOUTH EVELEIGH

30 APRIL 2019

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Mirvac Group published this content on 30 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2019 22:52:06 UTC


© Publicnow 2019
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10/22MIRVAC : Morgan Stanley rates MGR as Equal-weight
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Financials
Sales 2021 806 M 593 M 593 M
Net income 2021 582 M 428 M 428 M
Net Debt 2021 3 955 M 2 910 M 2 910 M
P/E ratio 2021 19,6x
Yield 2021 3,76%
Capitalization 10 238 M 7 527 M 7 532 M
EV / Sales 2021 17,6x
EV / Sales 2022 16,0x
Nbr of Employees 1 414
Free-Float 99,5%
Chart MIRVAC GROUP
Duration : Period :
Mirvac Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MIRVAC GROUP
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 2,55 AUD
Last Close Price 2,60 AUD
Spread / Highest target 11,9%
Spread / Average Target -1,92%
Spread / Lowest Target -13,5%
EPS Revisions
Managers
NameTitle
Susan Lloyd-Hurwitz Chief Executive Officer, Executive Director & MD
John Francis Mulcahy Independent Non-Executive Chairman
Shane Michael Gannon Chief Financial Officer
Peter John Oswin Hawkins Independent Non-Executive Director
James Morrison Millar Independent Non-Executive Director
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