Westfield Group - WDC 3rd Quarter Review
2008-11-12 07:28:00+10:00
12 November 2008 Westfield Group Level 24, Westfield Towers 100 William Street Sydney NSW 2011 GPO Box 4004 Sydney NSW 2001 Australia Telephone Facsimile Internet 02 9358 7000 02 9358 7077 www.westfield.com The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam WESTFIELD GROUP (ASX:WDC) 3rd QUARTER 2008 REVIEW The Westfield Groups 3rd Quarter Review is attached. Westfield Group has issued similar announcements 30 times before, most recently about 0 minutes ago on Tuesday 11 November 2008. The announcement 'WDC 3rd Quarter Review' was issued to the ASX on Wednesday 12 November 2008. [Notice Type: Other - not one of the above]
2008-11-12 07:28:00+10:00
12 November 2008 Westfield Group Level 24, Westfield Towers 100 William Street Sydney NSW 2011 GPO Box 4004 Sydney NSW 2001 Australia Telephone Facsimile Internet 02 9358 7000 02 9358 7077 www.westfield.com The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir/Madam WESTFIELD GROUP (ASX:WDC) 3rd QUARTER 2008 REVIEW The Westfield Groups 3rd Quarter Review is attached. Westfield Group has issued similar announcements 30 times before, most recently about 0 minutes ago on Tuesday 11 November 2008. The announcement 'WDC 3rd Quarter Review' was issued to the ASX on Wednesday 12 November 2008. [Notice Type: Other - not one of the above]
WDC 3rd Quarter Review
Wednesday 12 Nov 2008
12 November 2008
Westfield Group
Level 24, Westfield Towers 100 William Street Sydney NSW 2011 GPO Box 4004 Sydney NSW 2001 Australia Telephone Facsimile Internet 02 9358 7000 02 9358 7077 www.westfield.com
The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
WESTFIELD GROUP (ASX:WDC) 3rd QUARTER 2008 REVIEW The Westfield Group’s 3rd Quarter Review is attached.
Yours faithfully WESTFIELD GROUP
Simon Tuxen Company Secretary Encl.
Westfield Holdings Limited ABN 66 001 671 496 Westfield Management Limited ABN 41 001 670 579 AFS Licence 230329 as responsible entity for Westfield Trust ABN 55 191 750 378 ARSN 090 849 746 Westfield America Management Limited ABN 66 072 780 619 AFS Licence 230324 as responsible entity for Westfield America Trust ABN 27 374 714 905 ARSN 092 058 449
Westfield Group
3rd Quarter Review 30 September 2008
12 November 2008
3rd Quarter Review
Highlights Recently Completed Projects Shopping Centre Operating Performance Retail Sales Overview Global Development Activity Future Major Projects Appendices
Note: All figures within this presentation are presented in Australian dollars unless otherwise stated
2
Highlights
Confirm 2008 forecast: Distribution of 106.5 cents per security, and Growth in Operational earnings per security of approximately 5.5% (on a constant currency basis) Current liquidity of approximately $5.8 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 $5.2 billion (WDC share $3.4 billion)
3
Recently Completed Major Projects
Development Opened WDC Share Total Cost (million) WDC Share (million) $105 US$240 US$115 US$50 NZ$70 $300 £1,100 Stabilised WDC Yield on Cost
Geelong (Victoria) Southcenter (Seattle) Plaza Bonita (San Diego) Topanga – Stage 2 (Los Angeles) Manukau (Auckland) Doncaster (Melbourne) London
July July July September September October October
50% 100% 100% 100% 100% 50% 50%
$210 US$240 US$115 US$50 NZ$70 $600 £1,700
8.85% 10.0% 10.2% 9.6%
1
9.30% 8.75% 5.25%
1
Yield on entire project
4
Wednesday 12 Nov 2008
12 November 2008
Westfield Group
Level 24, Westfield Towers 100 William Street Sydney NSW 2011 GPO Box 4004 Sydney NSW 2001 Australia Telephone Facsimile Internet 02 9358 7000 02 9358 7077 www.westfield.com
The Manager Company Announcements Office ASX Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
WESTFIELD GROUP (ASX:WDC) 3rd QUARTER 2008 REVIEW The Westfield Group’s 3rd Quarter Review is attached.
Yours faithfully WESTFIELD GROUP
Simon Tuxen Company Secretary Encl.
Westfield Holdings Limited ABN 66 001 671 496 Westfield Management Limited ABN 41 001 670 579 AFS Licence 230329 as responsible entity for Westfield Trust ABN 55 191 750 378 ARSN 090 849 746 Westfield America Management Limited ABN 66 072 780 619 AFS Licence 230324 as responsible entity for Westfield America Trust ABN 27 374 714 905 ARSN 092 058 449
Westfield Group
3rd Quarter Review 30 September 2008
12 November 2008
3rd Quarter Review
Highlights Recently Completed Projects Shopping Centre Operating Performance Retail Sales Overview Global Development Activity Future Major Projects Appendices
Note: All figures within this presentation are presented in Australian dollars unless otherwise stated
2
Highlights
Confirm 2008 forecast: Distribution of 106.5 cents per security, and Growth in Operational earnings per security of approximately 5.5% (on a constant currency basis) Current liquidity of approximately $5.8 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 $5.2 billion (WDC share $3.4 billion)
3
Recently Completed Major Projects
Development Opened WDC Share Total Cost (million) WDC Share (million) $105 US$240 US$115 US$50 NZ$70 $300 £1,100 Stabilised WDC Yield on Cost
Geelong (Victoria) Southcenter (Seattle) Plaza Bonita (San Diego) Topanga – Stage 2 (Los Angeles) Manukau (Auckland) Doncaster (Melbourne) London
July July July September September October October
50% 100% 100% 100% 100% 50% 50%
$210 US$240 US$115 US$50 NZ$70 $600 £1,700
8.85% 10.0% 10.2% 9.6%
1
9.30% 8.75% 5.25%
1
Yield on entire project
4
