PROPERTY PORTFOLIO 31 DECEMBER 2015 www.scaproperty.com.au ABOUT SCA At SCA Property Group, we FY15 Performance Highlights are proud to manage one of Specialist team driving performance the leading retail portfolios in SCA Property Group’s team has extensive experience Australia. The Group owns and in retail property investment and management. Headquartered in Sydney, the Group operates in NSW, manages a portfolio of quality QLD, VIC, WA, SA and TAS with local and regionally sub-regional and neighbourhood based Centre management and marketing teams at our centres with strong local expertise in our trading areas shopping centres and freestanding and customer knowledge. retail assets, focused on In 2015 our specialist team continued to drive a solid convenience retailing across performance with strong sales growth in our centres, significantly stronger than our A-REIT peers. Anchor Australia and New Zealand. supermarket sales growth was 1.3% in Australia and 5.2% in NZ, and specialty tenant sales growth was 5.6%. This result reflects the relatively young age of the Corporate History centres and that a higher proportion of our centres are in growth corridors. SCA Property Group was created when Woolworths transferred its ownership in a number of shopping centres to SCA Property Group, which was then Solid Portfolio Performance listed on the ASX as a separate independent real estate investment trust in December 2012. % Woolworths Limited does not have any ownership 98.7 interest in SCA Property Group. Portfolio Occupancy Since its creation, SCA Property Group has completed a number of acquisitions and Refining our Portfolio divestments and, as at 31 December 2015, has 81 shopping centres valued at $2.1 billion, of which 70 are anchored by Woolworths Limited retailers, 8 and 11 are anchored by Wesfarmers Limited retailers. Acquired Properties Integrated into our portfolio 5 Divested Sold to our first retail fund SURF 1 Our Tenants The Group’s shopping centres are anchored by long-term leases to high-quality tenants with a weighted average lease expiry of 12.6 years. Total portfolio occupancy rate of 98.7%. Nearly half the portfolio is located in new growth corridors and regions. It largely comprises convenience-based neighbourhood centres with a strong weighting to the non-discretionary retail segment. Woolworths and Wesfarmers-owned anchor tenants represent 59% of gross income. The remaining 41% of gross income comes from specialty tenants that are skewed toward non-discretionary categories. Specialty Tenants By Category Tenants By Category (By Gross Rent) 1 (By Gross Rent) 1 Fresh Food/ Food Catering/ Woolworths 43% Liquor 30% Big W 6% Services 17% Dan Murphy’s 1% Pharmacy & Medical 15% Coles 7% Mini Major 12% Target 1% Apparel 9% Kmart 1% Petrol 2% Specialties 41% Other Retail 15% Leasing Opportunities To find out more about the leasing opportunities available in our portfolio, contact: Karla Mitchell Lincoln Stewart Leasing Executive Leasing Executive P: +61 2 8243 4932 P: +61 2 8243 4926 M: +61 437 011 213 M: +61 439 251 587 F: +61 2 8243 4999 F: +61 2 8243 4999 E [email protected] E [email protected] OUTLOOK The Group continues to expand with the acquisition of a further 5 quality neighbourhood shopping centres in the past 6 months, in line with the Group’s core strategy of acquiring, non-discretionary biased neighbourhood shopping centres in good locations. Our focus in FY16 is on: Optimising the Core Business ■ Leasing focus on improving our specialty tenancy mix ■ Improving the standards of our centres by investing in additional cleaning, security and preventative maintenance Growth Opportunities ■ Continue to assess market opportunities to acquire non-discretionary biased neighbourhood assets in key growth areas ■ Continue to evaluate and execute redevelopment opportunities to expand and refurbish selected centres and brownfield developments Development Pipeline Stage 3 (centre expansion) Kwinana FY16 FY17 Centre expansions Central Highlands, Epping North, Mackay, North Orange, Treendale FY16 FY17 FY18 FY18 FY18 Supermarket expansions Chancellor Park, Ocean Grove, Newtown (Tasmania), Gladstone, Riverside, West Dubbo FY16 FY17 FY18 FY18 Supermarket and centre expansions Wyndham Vale, Merimbula, Collingwood Park, Kingston FY18 FY18 OUR COMMITMENT TO SUSTAINABILITY SCP has undertaken many initiatives to support communities associated with our centres, commenced improvements to the energy efficiency of a number of our shopping centres Our Objectives SCP’s Sustainability strategy focuses on three core objectives: Stronger Environmentally Responsible Communities Efficient Assets Investment Proactively engaging with the Improving the energy, water and waste Achieving good practice in ESG through communities we reside in to support them efficiency of our shopping centres to management of investment risk, adding to be stronger and more prosperous and to reduce the environmental impact and value through associated opportunities enhance shopping centre footfall for our financial cost of their operation and make and ensure SCP has the ongoing support tenants. them more attractive destinations for of its key stakeholders to best conduct its customers and tenants where possible, and business. Reporting on our performance to meet market benchmarks for building with sustainability. environmental performance. Our focus Our Tenants Our Communities ■ Sustainable ■ Sponsorships Occupancy Cost ■ Contra Offers and ■ Marketing Support Casual Mall space ■ Operational Support ■ Community Group support ■ Charity and Volunteer work Our People Our Investors ■ Reward and Recognition ■ Secure, Stable ■ Training and investments Development ■ Transparent reporting ■ Diversity ■ Investor Engagement ■ Equality ■ Disciplined analysis ■ WHS Stakeholders Our commitment Our commitment to to safety Environment ■ WHS Framework ■ Energy, waste and ■ Focussed safety audits water management ■ Management Properties ■ Procurement commitment to ensuring ■ Life cycle planning safety ■ Recycling and sustainable view to tenant shops fits OUR PROPERTY PORTFOLIO SCA Property Group’s portfolio comprises 64 neighbourhood, Mission Beach KEY 7 sub-regional and 10 freestanding retail shopping Sub-regional Neighbourhood Ayr centres located across Freestanding Whitsunday Mackay SURF Managed assets Australia and Marian New Zealand. Central Highlands (Emerald) Gladstone BRISBANE Brookwater Village Chancellor Park Collingwood Park Woodford Coorparoo Greenbank Carrara The Markets Cabarita Mt Warren Park Goonellabah Inverell Lismore Tamworth Macksville Katoomba West Dubbo Kwinana Orange North Leura Blakes Crossing Cardiff Treendale Griffith North SYDNEY Morisset Busselton Walkerville Griffith Mittagong Berala Swansea Moama Murray Bridge Burwood Ulladulla Albury Fairfield Heights Ballarat Merimbula Greystanes Mt Gambier Wonthaggi Lane Cove Warrnambool Cowes 81 $2,076m 98.7% Ocean Grove Drouin OPERATING PROPERTIES OPERATING PROPERTIES PORTFOLIO OCCUPANCY MELBOURNE Riverside 67 in Australia 14, in New Zealand TOTAL VALUE Epping North Prospect Vale Lilydale Burnie Pakenham Meadow Mews Wyndham Vale 1,076 7yrs 15.0yrs Langwarrin Claremont Shoreline SPECIALTY TENANTS AVERAGE AGE OF PORTFOLIO WEIGHTED AVERAGE Sorrell New Town from completion or refurbishment LEASE EXPIRY Kingston Glenorchy Central for anchor tenants Greenpoint Mission Beach KEY Sub-regional Neighbourhood Ayr Freestanding Whitsunday Mackay SURF Managed assets Marian Central Highlands (Emerald) Gladstone BRISBANE Brookwater Village Chancellor Park Collingwood Park Woodford Coorparoo Greenbank Carrara The Markets Cabarita Mt Warren Park Goonellabah Inverell Lismore Tamworth Macksville Katoomba West Dubbo Kwinana Orange North Leura Blakes Crossing Cardiff Treendale Griffith North SYDNEY Morisset Busselton Walkerville Griffith Mittagong Berala Swansea Moama Murray Bridge Burwood Ulladulla Albury Fairfield Heights Ballarat Merimbula Greystanes Mt Gambier Wonthaggi Lane Cove Warrnambool Cowes Ocean Grove Drouin MELBOURNE Riverside Epping North Prospect Vale Lilydale Burnie Pakenham Meadow Mews Wyndham Vale Langwarrin Claremont Shoreline Sorrell New Town Kingston Glenorchy Central Greenpoint NSW PROPERTIES Page BERALA PLAZA 157 Woodburn Rd, Berala 10 CABARITA 39 – 45 Tweed Coast Rd, Bogangar 12 CARDIFF Merrion Way, Cardiff 14 GOONELLABAH 2 Simeoni Dr, Goonellabah 16 GREYSTANES 655 – 669 Merrylands Rd, Greystanes 18 GRIFFIN PLAZA Crossing St & Yambil St, Griffith 20 LANE COVE 24 – 28 Burns Bay Rd, Lane Cove 22 LEURA 152 – 160 The Mall, Leura 24 LISMORE 44 Carrington St, Lismore 26 MACKSVILLE 37 Cooper St, Macksville 28 MITTAGONG VILLAGE 126 – 130 Main St, Mittagong 30 MOAMA MARKETPLACE Cobb Highway & Perricoota Rd, Moama 32 MORISSET 103 -105 Dora St, Morisset 34 NORTH ORANGE 9 Telopea Way, North Orange 36 SWANSEA 86 Pacific Highway, Swansea 38 TAMWORTH Peel St, Tamworth North 40 TURA BEACH Cnr Tura Beach & Sapphire Coast Dr, Tura Beach 42 ULLADULLA 119 Princes Highway, Ulladulla 44 WEST DUBBO 1 Torvean Ave, Delroy Park, Dubbo 46 BURWOOD DAN MURPHY’S 312 Parramatta Rd, Burwood 48 FAIRFIELD HEIGHTS 176 The Boulevard, Fairfield Heights 49 GRIFFITH NORTH 285 Wakaden St & 2-12 Burrell Place, Griffith 50 INVERELL BIG W Vivian St, Inverell 51 KATOOMBA DAN MURPHY’S 136 Bathurst Rd, Katoomba 52 KATOOMBA MARKETPLACE Cnr Parke and Waratah Sts, Katoomba 53 Cabarita Goonellabah Inverell Lismore Tamworth Macksville Katoomba West Dubbo Orange North Leura Cardiff Griffith North SYDNEY Morisset Griffith Mittagong