Shopping Centres Australasia Property : Annual Report to Unitholders

LEVEL 5, 50 PITT ST, SYDNEY NSW 2000

SCAPROPERTY.COM.AU

22 October 2020

ASX ANNOUNCEMENT

ANNUAL REPORT

SCA Property Group (ASX:SCP) ("SCP") announces that its Annual Report for 2020 is attached and is being dispatched to those members who have elected to receive it.

This document has been authorised for release by the Company Secretary.

ENDS

Media, Institutional investor and analysts, contact:

Mark Fleming

CFO

SCA Property Group [phone]

Unitholders should contact SCP Information Line on 1300 318 976 with any queries.

Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFS Licence 426603 as responsible entity of the Shopping Centres Australasia Property Retail Trust ARSN 160612788 and as responsible entity of the Shopping Centres Australasia Property Management Trust ARSN 160612626

Annual Report

2020

CONTENTS

Corporate Calendar	IFC
Our FY20 Performance Highlights	1
Message from the Chairman	2
Message from the CEO	4
About Us	6
Our Property Portfolio	8
Our Tenants	11
Our Strategy	12
Our Performance	16
Financial Highlights	22
Our Commitment to Sustainability	27
Remuneration Report	31
Directors' and Financial Report	61
Security Analysis	124
Directory	IBC

MEETING OF UNITHOLDERS

This year's AGM will be conducted as a Virtual AGM in accordance with COVID relief instruments, starting at 2pm (AEDT) on Wednesday, 25 November 2020.

For further information, visit www.scaproperty.com.au/agm/

CORPORATE CALENDAR

25 November 2020	Meeting of Unitholders
December 2020	Estimated interim distribution announcement and units trade ex-distribution
January 2021	Interim distribution payment
February 2021	Interim results announcement
June 2021	Estimated final distribution announcement and units trade ex-distribution
August 2021	Full-year results announcement
August 2021	Final distribution payment
August 2021	Annual tax statement

UNITHOLDER REGISTER DETAILS

You can view your holdings, access information and make changes by visiting

www.investorcentre.linkmarketservices.com.au

RESPONSIBLE ENTITY

Shopping Centres Australasia Property Group RE Limited ABN 47 158 809 851 AFSL 426603

Shopping Centres Australasia Property Group comprises Shopping Centres Australasia Property Management Trust (ARSN 160 612 626) and Shopping Centres Australasia Property Retail Trust (ARSN 160 612 788), together,

SCA Property Group or SCP

Front Cover: Bakewell Shopping Centre, NT

OUR FY20 PERFORMANCE

HIGHLIGHTS

(For period 1 July 2019 to 30 June 2020)

14.65¢	12.50¢	$85.5
Cents per unit	Cents per unit	million
Down by 10.3%	Down by 15.0%	Down by 22.0%
FUNDS FROM	DISTRIBUTIONS	STATUTORY PROFIT
OPERATIONS	TO UNITHOLDERS	AFTER TAX
(PER UNIT)	(PER UNIT)

SOLID PORTFOLIO PERFORMANCE

98.2%	$2.22	6.51%	$8.8 million
PORTFOLIO	NET TANGIBLE	PORTFOLIO	DECREASE IN
OCCUPANCY	ASSETS	WEIGHTED	AUSTRALIAN
	(per unit)	AVERAGE CAP	PORTFOLIO
		RATE	VALUE
Within target range	Decreased $0.05	Softening by 3 bps	Including
	(per unit)		acquisitions,
			disposals and
			revaluation losses
REFINING OUR PORTFOLIO
1		1
ACQUIRED PROPERTY		DIVESTED PROPERTY
One convenience-based shopping centre	One disposal for $21.5 million
acquired for $78.4 million
PRUDENT CAPITAL AND COST MANAGEMENT
3.5% p.a.		25.6%
WEIGHTED COST		GEARING BELOW OUR TARGET
OF DEBT		RANGE OF 30-40%
$622.8 million		0.38%
CASH AND CASH EQUIVALENTS	MANAGEMENT EXPENSE RATIO
AND UNDRAWN FACILITIES

SCA Property Group | Annual Report 2020

1