Establishment of SCA Property Group slide image

Establishment of SCA Property Group

Lease Overviews Key Initial Lease Terms • 24 Lease Expiry Profile (% of Fully Leased Gross Income) (1) • Woolworths maintains a right of refusal across six properties in Australia and all properties in New Zealand 74.9% • Supermarkets (2) - - 15 years to 23 years 3 months 4 x 10 year options (tenant election) 5 year reviews = base rent + turnover rent/3 BIG W (2) - - 15 years to 23 years 3 months 4 x 10 year options (tenant election) 5 year reviews base rent + turnover rent/3 Dan Murphy's - 15 years to 21 years 7 months 4 x 10 year options (tenant election) 0.5% 2.3% 2.5% 3.8% 5.5% 3.5% 4.8% 1.6% 0.7% - • 5 year reviews = base tent + turnover rent/3 Petrol 2013 2014 2015 2016 2017 2018 2019 2020 2021 Beyond - 2022 - 10 years 7 months to 15 years 4 months 8 x 5 year options (tenant election) Annual reviews = lesser of CPI or 4% • Liquor (non Dan Murphy's) • - 5 years 3 months to 7 years 2 months 10 or 11 x 5 year options (tenant election) No review Specialties (2) - Typically 3 to 5 years - Annual reviews typically comprise either CPI based increases, fixed percentage increases or market reviews Excludes income attributable to tenancies that are currently not leased and subject to the Rental Guarantee Under 37 of the supermarket and BIG W leases, the base rent is to increase by a minimum of 5% of the commencing rent or the previous minimum rent (as the case may be) on each of the first three reviews
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