西田第三季度概况（购物中心）.pdf

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Westfield Grouprd3Quarter Review30 September 200812 November 2008 rd3Quarter Review„Highlights„Recently Completed Projects „Shopping Centre Operating Performance„Retail Sales Overview„Global Development Activity „Future Major Projects„AppendicesNote: All figures within this presentation are presented in Australian dollars unless otherwise stated2 Highlights„Confirm 2008 forecast:„Distribution of cents per security, and „Growth in Operational earnings per security of approximately % (on a constant currency basis)„Current liquidity of approximately $ billion and all 2008 debt maturities successfully refinanced„Reactivation of Distribution Reinvestment Plan „Maintained occupancy levels across all markets and continued demand from retailers for space, notwithstanding a weakening sales environment„Successfully opened Westfield Doncaster (Melbourne) and Westfield London as well as 5 developments in the quarter at a total cost of $ billion (WDCshare $ billion)3 Recently Completed Major ProjectsWDC WDC Total CostStabilised WDC ShareDevelopmentOpenedShare(million)Yield on Cost(million)Geelong (Victoria)July50%$210$%Southcenter (Seattle)July100%US$240US$%Plaza Bonita (San Diego)July100%US$115US$%1Topanga –Stage 2 (Los Angeles)September100%US$50US$%Manukau (Auckland)September100%NZ$70NZ$%Doncaster (Melbourne)October50%$600$%LondonOctober50%£1,700£1,%1Yield on entire project4 Shopping Centre Operating PerformanceAverage Specialty 2Specialty Lease Deals CompletedStore RentPortfolio Occupancy 1113LeasedCostNumberAreaAmountGrowthAustralia & $1,295psm> %%2,462313,%NZ$1,058psmNew %%9302,428,268sqf US$%United States£%United Kingdom99%n/a336148,%3,728686,840 sqmGlobal1As at 30 September 200829 months to 30 September 2008330 September 2008 compared to 30 September 20075 Retail Sales OverviewPeriod to 30 September 2008MAT12 months 9 months3 %%%%%%Total$%%%1New ZealandSpecialties()%()%()%TotalNZ$ bn()%()%()%1United States3SpecialtiesUS$()%()%()%2United %()%()%%%%Totaln/%%%1On a comparable basis 2British Retail Consortium-KPMG retail sales report3Rolling 12 month sales of US$456 per square foot, representing a change for the quarter of ()%6 Global Development Activity„6major projects currently under construction with an estimated total cost of $ (WDC share $ billion)No. of Estimated Target Weighted 1ProjectsWDC CostAverage YieldUnited States4US$–%Australia & New Zealand1NZ$ –% United Kingdom –Stratford1£1, –% Total6$ bn1Stabilised income/Westfield Group cost7 Westfield LondonAerial view from west8 Westfield LondonOpening Ceremony in Atrium9 Westfield LondonAtrium Mall10 Westfield LondonAtrium Mall11 Westfield LondonNorth Mall12 Westfield London –Selected Tenancy Mix„99% leased„Selected Stores:MajorsSpecialties“The Village”„Debenhams „Adidas„MAC„De Beers„House of Fraser „Apple„Mango„Dior„Marks & Spencer „Armani Exchange„Mimco„Ferragamo„Next„Calvin Klein „Nike„Gucci„Waitrose„Crabtree & Evelyn„Pepe Jeans„Jo Malone„Cinema De Lux„DKNY „Puma„Joseph„Esprit„Pumpkin Patch„Kurt Geiger„French Connection„Reiss„Louis Vuitton„GAP„Replay„M MissoniLarge Format Specialties„G-Star„Russell & Bromley„MiuMiu„Boots „Guess„Sony„Mont Blanc„H&M „Hollister„Swarovski„Mulberry„HMV „Hugo Boss„Tag Heuer„Pal Zileri„New Look „Jaeger„Ted Baker„Prada„River Island„Karen Millen„The Body Shop„Tiffany & Co„Topshop„Lacoste„Thomas Pink„Valentino„WH Smith „Leona Edmiston„Timberland„Versace„Zara„Levis„Tommy Hilfiger„Wolford„Links of London„VANS„L’Occitane„Zara Home13 Westfield DoncasterExterior14 Westfield DoncasterFashion Row Mall15 Westfield DoncasterCentre Court16 Westfield SouthcenterExterior17 Westfield SouthcenterExterior18 Westfield SouthcenterInterior19 Future Major ProjectsUnited StatesAustralia & New ZealandUnited Kingdom„Broward (Florida)„Albany (NZ)„Bradford„Century City Phase II (California)„Belconnen(ACT)„Guildford „Fashion Square (California)„Booragoon(WA)„Merry Hill„Garden State Plaza (New Jersey)„Carindale(QLD)„Nottingham„Montgomery (Maryland)„Fountain Gate (VIC)„Sprucefield(Northern Ireland)„North County (California)„Innaloo(WA)„Palm Desert (California)„Kotara(NSW)„Plaza Camino Real (California)„Macquarie (NSW)„Southgate (Florida)„Marion (SA)„UTC (California)„Mt Gravatt (QLD)„Valley Fair (California)„Newmarket(NZ)„West Valley (California)„North Lakes (QLD)„World Trade Center (New York)„Pacific Fair (QLD)„Sydney City (NSW)„Tea Tree Plaza (SA)„Tuggerah(NSW)„Warringah(NSW)„West Lakes (SA)20 Westfield Grouprd3Quarter Review30 September 2008APPENDICES Portfolio SummaryUnited United NewAustraliaTotalStatesKingdomZealandCentres*5544812119Retail Outlets*8,81211,9591,2561,67323,700GLA (million sqm)* Asset Value (billion)US$$£$$ Under Management (billion)US$$£$$ Lettable AreaAssets Under ManagementUKUK6%16%Australia35%Australia47%USUS33%NZ55%4%NZ4%* Updated for major projects completed since 30 June 20081WDC share of shopping centre assets and excludes work in progress and assets held for redevelopment as at 30 June 20082WDC and joint venture share of shopping centre assets and includes work in progress and assets held for redevelopment as at 30 June 2008Note: Exchange rates as at 30 June 2008 were AUD/USD , AUD/GBP , AUD/NZ Current ProjectsProject Cost Anticipated Yield Range(million)CompletionGalleria at Roseville (Nth California)US $ –%Qtr 4 ’08/Qtr 4 ’09Riccarton(Christchurch)NZ $ –%Qtr 2 ’091Culver City (SthCalifornia)US $ –%Qtr 4 ’09Santa Anita (SthCalifornia)US $ –%Qtr 4 ’092Valencia (SthCalifornia)US $ –%Qtr 4 ’09Stratford (London)£1, –%Qtr 2 ’11Total$ bn1Previously known as Fox Hills2Joint venture centre23 Comparable Retail Sales by CategoryAustraliaPeriod to 30 September 200812 months9 months3 monthsDepartment % %()%Discount Department %%%%%%%%%%%%Food %%%Food %%%%%%General %%%%%%%%%%%%Retail %%%%%%%%%24 Retail Sales by CategoryUnited States Period to 30 September 200812 months9 months3 monthsFashion()%()%()%Jewellery()%()%()%%%%Food retail()%()%()%General retail()%()%()%%%()%25