Halls Head Central, WA

Perth Investor day and asset tours

7-8 June 2017

Welcome and overview

Angus McNaughton

CEO and Managing Director

Galleria, WA

Perth Investor day and asset tours Agenda

12.15

WEDNESDAY 7 JUNE

8.00

THURSDAY 8 JUNE

Welcome and overview

Angus McNaughton CEO and Managing Director

Depart Crown Metropol

16.30

15.00

Asset tour - Mandurah Forum

James Fudge Project Director, WA

Richard Terhorst RGM Shopping Centres, WA

Jacqueline McKenzie Centre Manager

WA economy

Stephen Koukoulas Managing Director, Market Economics

WA portfolio

Michael O'Brien Chief Investment Officer

Asset tour - Halls Head Central Stephen Beer Development Director, WA/SA Richard Terhorst RGM Shopping Centres, WA

Leasing

Stuart Macrae EGM Leasing

Asset tour - Galleria

Andrew Weston RGM Development, WA Richard Terhorst RGM Shopping Centres, WA Mike Barrington Centre Manager

Development update

Carolyn Viney EGM Development

WA developments

Mandurah Forum James Fudge Project Director, WA

Galleria Andrew Weston RGM Development, WA

DFO Perth Stephen Beer Development Director, WA/SA

Asset tour - Ellenbrook Central Stephen Beer Development Director, WA/SA Richard Terhorst RGM Shopping Centres, WA Graham Hahn Regional Manager, WA

Presentations conclude

Angus McNaughton CEO and Managing Director

Asset tour - DFO Perth

Stephen Beer Development Director, WA/SA

Sally Ockenden Development Manager, WA

17.30

Dinner

Vicinity Centres | Perth Investor day and asset tours | 7-8 June 2017 3

Our Strategy: simple and transparent business model with a single sector focus Creating value and sustainable growth by owning, managing and developing quality Australian retail assets

85 centres

under management

$24.5b

assets under management

~8,700

tenants

~3,200

retailer relationships

$17.8b

moving annual turnover

2.8m sqm

gross lettable area

Group investment principles

Simple and transparent business model, with a single sector focus Invest in quality Australian assets across the retail spectrum

Focus on long-term value creation and sustainable earnings growth Strong balance sheet with access to diverse capital sources Efficient cost structure and low management expense ratio

Key financial objectives ('through cycle' basis)

Group level

Target

Total return

>9.0% p.a.

Underlying EPS growth

>3.0% p.a.

Portfolio level

Target

Property level returns

>8.5% p.a.

Development returns

Initial yield 6% to 8+%

Incremental IRR 10% to 15+%

Note: Data as at 31 December 2016.

Vicinity Centres | Perth Investor day and asset tours | 7-8 June 2017 4

Vicinity Centres published this content on 07 June 2017 and is solely responsible for the information contained herein.
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