Boral Strategic Update and Developments
BORAL
Status of Penrith Lakes
Australia's largest water-based urban parkland
The video highlights the scale and
development opportunity of the Penrith
Lakes site, subject to further rezoning;
and is accessible at www.boral.com
Penrith Lakes total size 1,935 ha land area
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~ 410 ha of land allocated for potential urban development
~ 560 ha remaining development/dedication
.~ 960 ha for 9 lakes and foreshores dedicated to government
Potential scope of residential development
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Current zoning enables limited development in residential, employment,
industrial and tourism-related land uses
~200 ha of land is now ready to build
Further rezoning required to unlock full development potential
Collaborative master-planning of site could deliver 5,000+ homes subject
to resolution of flood evacuation issues
Majority of un-rehabilitated employment lands sold, with some share of
EBIT in 2H FY2019 (included in Boral's ~$30m FY2019 guidance)
Next steps
• Discussions with NSW State Government are continuing
BORAL
Summary: property will deliver earnings into the future
Ongoing earnings projected from property, including ~$30m¹ in FY2019, and a significant potential pipeline
FY2019
FY2021
FY2024
FY2027
FY2030+
Tactical/surplus
land sales
$40m+ current pipeline includes: NSW - Armidale, Wingham, Kiama,
Bombo | WA- Jandakot | SA-Reynella, Stonyfell, Para Hills
Ongoing projects
Donnybrook, Vic
Projected $300m+ (to ~2040)
Scoresby, Vic
Potential $300m+ (subject to rezoning)
Waurn Ponds, Vic
Potential $100m+ (subject to rezoning)
Penrith Lakes (PLDC), NSW
Timing and contribution being evaluated
Deer Park
landfill², Vic
Projected $500m+ (over the life of the current landfill)²
With Boral's deep property land bank and ongoing investment in the business, the pipeline will continue to refresh
1. FY2019 includes earnings from sale of Penrith Lakes employment lands, as well as contribution from Donnybrook
2. Based on gain on disposal of Western Landfill business (which was reported as a significant item in FY2015) and assuming current landfill royalties (reported as earnings in operating
business) to continue at a similar level for the life of the current consented landfill, subject to required approvals
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