Establishment of SCA Property Group
10
Convenience Retail Sector
1 Non-discretionary Bias
•
•
•
Convenience-based assets are weighted to food
sales through grocery-based anchors
Consistent growth in Australian historical food sales
Non-discretionary sales have outperformed
discretionary sales during the two and half year
period to June 2012
2 Secure Long Term Income
•
The long term leases in many neighbourhood and
sub-regional shopping centres have supported the
relative stability of the underlying cashflows of the
properties
"SCA Property Group provides exposure to
the underlying characteristics of the asset
class."
Australian Non-discretionary Sales Outperformance (1) (2)
112
108
104
100
96
92
Jan-10 May-10
Sep-10 Jan-11
Jun-11
Oct-11 Feb-12
Jun-12
- Non-Discretionary Sales
Discretionary Sales
Australian Historical Food Sales (A$m) (1) (2)
10,000
8,000
6,000
4,000
2,000
0
Jan-90
Oct-93
Jul-97
Apr-01
Dec-04
Sep-08
Jul-12
(1)
(2)
Non-discretionary sales include food, cafes and takeaway outlets and other retailing; discretionary sales include apparel, household goods and department store sales. Rebased to 100 as at January 2010, based
on ABS categories
Source: Australian Bureau of Statistics
Details of the risks associated with an investment in SCA Property Group are included in the PDS section 11View entire presentation