AI assistant
STOCKLAND AGM Information 2006
65781_rns_2006-10-23_fcc2630f-2bae-4861-8a91-ed9a538c0d2e.pdf
AGM Information
Open in viewerOpens in your device viewer
ANNUAL GENERAL MEETING 24 October 2006
Philip Hapburn General Counsel and Group Secretary
,我们就会在这里,我们就会在这里的时候,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会
Matthew Quinn Managing Director
Hugh ThorbumFinance Director
.......................................
Bruee Corlett Non-Executive Director
David Fairitill Non-Executive Director
. . . . . . . . . . . . . . . . . . . .
Lyn GearingNon-Executive Director
and the company of the company of the company of the company of the company of the company of the company of the
Peter Scott Non-Executive Director
Terry WilliamsonNon-Executive Director
Chairman's Address
. . . . . . . . . . . . . . . . . . . .
Agenda
Introduction 4
← 2006 Performance - Matthew Quinn
Examunaration - Nick Grainer
Resolutions ۱
Results of the Past Year
224th consecutive year of profit growth
Excellent growth in earnings and ¢ distributions per security
◆ Strong financial discipline
Diversity of business $\triangleleft$
Corporate Responsibility & Sustainability
Long-standing culture
Integrated across all operations $\ddot{\bullet}$
Sound principles of governance and ۳ SUSISITIEIBIlliv
e a propinsi propinsi ka
Bridgewater, NSW
Mernda Villages, VIC
Board & Governance
Engagement Ø
Collaboration b.
Diversity $\frac{1}{2}$
Lakewood, NSW
Optus HQ, NSW
1999 - Jan James James James James James James James James James James James James James James James James J
Matthew Quinn Managing Director
.......................................
Outstanding Financial Performance
Record results V
Strength and scale of diversified business model
Excellent profit growth $\ddot{\bullet}$
Revenue
Net Profit After Tax
a se a componente de la propriéta de la propriéta de la propriéta de la propriéta de la propriéta de
Security Holder Returns
Delivery on Strategy
Diverse development ploeline $\hat{\mathcal{L}}$
Strong balance sheet $\bullet$
Crowin of Uniface Property Funds business
and the control of the control of the control of the control of the control of the control of the control of the
John Schroder CEO Shopping Centre Division
Shopping Centre Division Portfolio Summary
Shopping Centre Division Profit Growth
Divisional operating profit 6.6%
Comparable net income growth
Revaluations
$217m
Stockland Baldivis, WA
Shopping Centre Division Market Outlook
Reial sales growth moderated to ×, long term sustainable levels
Outlook for sector remains positive $\bigcirc$
Strong and trusted brand $\ddot{\bullet}$
Steve Mann OEO Commercial and Industrial
Stockland
Commercial and Industrial Portfolio Summary
Commercial and Industrial Highlights
Divisional operating profit $210.7 m
Commercial Market Outlook
• Demand for office space gathers Mondaura
◆ Brisbane and Perth showing strong QIOWIN
◆ Melbourne in solid shape
Sydney CBD market improving L
Optus HQ - Development Progress
1989 - Andrea Brandon, amerikan basar basa dan basa dan basa dan basa dan basa dan basa dan basa da da da da
Denis FiiekeyGEO Development Division
Development Division Portfolio Summary
PORTFOLIO SUMMARY
Number of Projects
Number of Future MARK STAR
a kozeci w miejskich koledarju za području za koledarju za koledarju za koledarju za području za koledarju za
KANSAS KANSAS
Development Division Highlights
Divisional operating profit $289 m
Indreased
Development Division Market Leadership
Well recognised brand Ø
Industry recognition Q
Diversity of projects À
North Lakes, QLD
Development Division Residential Market Outlook
Fundamentals remain solid
Strong employment and continued Ø. population growth
Land in short supply $\hat{\bullet}$
Quality and geographic diversity
Development Division Market Conditions
NSW market remains soft, some signs of Improvement
the state of the state of the property state of
- QLD market is sound with strong ۰ underlying demand
- VIC market is stable with good affordability for new home buyers
- WA very strong with economic momentum sustaining high demand
Development Division Well Positioned for 2007
Record contracts on hand $\ddot{\bullet}$
Sustainable performance ۰
Delivery of development ploeline to $\bullet$ Underain 2007 profits
,我们的人们就会在这里,我们的人们就会在这里,我们的人们就会在这里,我们的人们就会在这里,我们的人们就会在这里,我们的人们就会在这里,我们的人们就会在这里,我们
Robb Maenteol OEO Unlisted Property Funds
Unlisted Property Funds Portfolio Summary
PORTFOLIO SUMMARY
EART BEAT
MORE DESSENTITE inaich an Sol
av naskuns
Unlisted Property Funds Strategic Benefits of Unlisted Business
◆ Strategic capital partner for Stockland
• Number of new funds planned to launch to retail and wholesale Tavestors
and the contract of the contract of the contract of the contract of the contract of the contract of the contract of
Greg Sear Saville Hotel Group
Saville Hotel Group
Reinvestment of capital in core ۰ operating business
Sale process underway with strong ۰ Interest
High Employee Engagement
Employee engagement score of 84%
Outperformed the Australian norm
High performing outure ۱
Group Outlook
Group Strategy
the contract of the community of
Create a world class diversified Droperly group
Capitalise on diversity of group
Management capability Ð
International growth potential 4
_______________________________________
Group Strategy
the state of the state of the community of
Create a world class diversified Droperly group
Capitalise on diversity of group
Management capability Ð
International growth potential 4
and the contract of the contract of the contract of the contract of the contract of the contract of the contract of
RESOLUTIONS
1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1999年,1
RESOLUTION 1 Amendment of the Stockland Trust Constitution
THAT THE CONSTITUTION OF STOCKLAND TRUST BE AMENDED IN ACQQRDANQE WITHITEPROVISIONS OF THE 'SUPPLEMENTAL DEED POLL NO. 14 - STOCKLAND TRUST" TABLED AT THE MEETING AND SIGNED BY THE CHAIRMAN OF THE MEETING FOR THE PURPOSE OF IDENTIHCATION, AND THAT STOCKLAND TRUST MANAGEMENT LIMITED. ("STML") BE AUTHORISED TO EXECUTE THE SUPPLEMENTAL DEED. POLL NO. 11 AND LODGE IT WITH THE AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION.
Resolution 1 Amendment of the Stockland Trust Constitution
| RROXIES HELD | |
|---|---|
| Total number of proxies to vote for theTASORITOR | 5,983,589,498 |
| Total number of proxies to vote against theTGROUTION | 6,958,618 |
| Total number of proxies to abstain on theTesolution. | 14,558,610 |
| Total number of proxies where the proxy mayvote at the proxy's discretion." | 110,968,800 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 2 Financial Statements and Reports
Contract Contract District Contract District District District District District District District District Di
Albanya di Barat di Barat di Barat di Barat di Barat di Barat di Barat di Barat di Barat di Barat di Barat d
the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company of the company
$\begin{array}{l} \begin{array}{c} \begin{array}{c} \begin{array}{c} \end{array} \ \end{array} \end{array} \end{array} \end{array} \end{array} \end{array} \begin{array}{l} \begin{array}{c} \begin{array}{c} \end{array} \ \end{array} \end{array} \end{array} \begin{array}{c} \begin{array}{c} \begin{array}{c} \end{array} \ \end{array} \end{array} \end{array} \begin{array}{c} \begin{array}{c} \end{array} \end{array} \end{array} \end{array} \begin{array}{c} \begin{array}{c} \begin{array}{c} \end{array} \end{array} \end{array} \begin$
RESOLUTION 3 Election of Director - Lyn Gearing
THAT MS LYN GEARING, WHO RETIRES IN ACCORDANCE WITH THE COMPANY'S CONSTITUTION AND, BEING ELIGIBLE AND HAVING OFFERED HERSELF FOR RE-ELECTION. IS RE-ELECTED AS A DIRECTOR OF THE COMPANY.
RESOLUTION 3 Election of Director - Lyn Gearing
| EROXES HED | |
|---|---|
| Total number of proxies to vote for theTESOLITOR | 882.475.409 |
| Total number of proxies to vote against theTESSORITOR | 442.090 |
| Total number of proxies to abstain on theTESSORITOR | 455,588 |
| Total number of proxies where the proxy mayvote at the proxy's discretion*: | 15, 107, 985 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 4 Election of Director - Terry Williamson
. . . . . . . . . . . . . . . . . . .
THAT MR TERRY WILLIAMSON, WHO RETIRES IN ROTATION IN ACCORDANGE WITH THE COMPANY'S CONSTITUTION AND. BEING ELIGBLE AND HAVING OFFERED HIMSELF FOR RE-ELECTION, IS RE-ELECTED AS A DIRECTOR OF THE COMPANY.
RESOLUTION 4 Election of Director - Terry Williamson
the contract of the contract of the contract of the contract of
,,,,,,,,,,,,,,,,,,,,,
| EXOXIESHED | |
|---|---|
| Total number of proxies to vote for theTestolution. | 832,598,276 |
| Total number of proxies to vote against theTESSOLUTION | 813916 |
| Total number of proxies to abstain on theTESSORITOR | 447.988 |
| Total number of proxies where the proxy mayvote at the proxy's discretion*: | 15116942 |
the contract of the contract of the contract of
and the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contract of the contra
*Includes undirected proxies in favour of the Chairman
,我们就会在这里,我们就会在这里的时候,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会
RESOLUTION 5 Remuneration Report
and a series of the series of the series of the series of the series of the property of the series of the series of the series of the series of the series of the series of the series of the series of the series of the seri
THAT THE COMPANY'S REMUNERATION REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2006 BE APPROVED.
RESOLUTION 5 Approval of Remuneration Report
| EROXESHED | |
|---|---|
| Total number of proxies to vote for theTESSORITOR | 826.751.928 |
| Total number of proxies to vote against theTESSORITOR | 3.292.045 |
| Total number of proxies to abstain on theTesolution. | 3,253,332 |
| Total number of proxies where the proxy mayvote at the proxy's discretion*: | 15, 183, 772 |
. . . . . . . . . . . . . . . . . . . .
*Includes undirected proxies in favour of the Chairman
RESOLUTION 6 Approval of Tax Exempt Employee Security Plan
THAT APPROVAL IS GIVEN FOR ALL PURPOSES UNDER THE CORPORATIONS ACT AND THE USTING RULES OF AUSTRALIAN STOCK EXCHANGE UMITED FOR
THE ESTABLISHMENT OF A PLAN. TO BE CALLED THE STOCKLAND TAX 74 EXEMPT EMPLOYEE SECURITY PLAN ("TEP") FOR THE PROVISION OF INGENTIVES TO EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES; THE ISSUE OR TRANSEER OF STOCKLAND STAPLED SECURITIES TO (E)
EMPLOYEES UNDER THE TEP AND
(0) THE PROVISION OF BENEHASTO THOSE EMPLOYEES UNDER THE TEP.
IN ACCORDANCE WITH THE TEP RULES. INTIALLED BY THE CHAIRMAN FOR THE EUREOSES OF IDENTIFICATION AND DESCRIBED IN THE NOTICE OF MEETINGS CONVENING THIS MEETING TOGETHER WITH SUCH CHANGES (IF ANY) AS THE BOARD MAY CONSIDER NEGESSARY. EXPEDIENT OR DESIRABLE TO MAKE THE TEPIEULLY COMPLIANT WITH THE PROPOSED NEW TAX LEGISLATION RELATING TO THE TAX TREATMENT OF STAPLED SECURITIES PROVIDED TO , EMPLOYEES UNDER AN EMPLOYEE SECURITY, OPTION OR RIGHTS PLAN
STOCK CONDEN
RESOLUTION 6 Approval of Tax Exempt Employee Security Plan
_______________________________________
DESCRIPTION OF PROPERTY AND INCOME.
| ENOXIESE ED | |
|---|---|
| Total number of proxies to vote for theTESSORITOR | 825 12240 |
| Total number of proxies to vote against theTesolution | 4,428,523 |
| Total number of proxies to abstain on theTESSORITOR | 3,307,297 |
| Total number of proxies where the proxy mayvote at the proxy's discretion*: | 8,085,804 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 7 Approval of Non Executive Director Security Acquisition Plan
THAT APPROVALIS CIVENTOR ALL PURPOSES UNDER THE CORPORATIONS ACT AND THE I ISTING RULES OF AUSTRALIAN STOCK EXCHANGE IMITED FOR
74 THE ESTABLISHMENT OF A PLAN, TO BE CALLED THE STOCKLAND NONE XECUTIVE DIRECTOR SECURITY ACQUISITION PLAN ("NED PLAN") FOR THE PROVISION OF STOCKVAND STAPIED SECURITIES UNDER AFEE SACRIFICE ARRANGEMENT TO NON EXECUTIVE DIRECTORS OF THE COMPANY AND ITS SUBSIDIARIES. THEISSUE OR TRANSER OF STOCKLAND STAPIED SECURITIES TO NONE (B)
EXECUTIVE DIRECTORS UNDER THE NED PIAN AND THE 2ROWSION OF BENEFIST OTHOSE NONEXEQUITY EDIRECTORS UNDER HEE TO
NED PLAN
IN ACCORDANCE WITH THESTOCKLAND NONE XECUTIVE DIRECTOR SECURITY ACQUISITION PLAN RULES. INITIALLED BY THE CHAIRMAN FOR THE PURPOSES OF IDENTIFICATION AND DESCRIBEDINTIEIE NOTICE OF MEETINGS CONVENING THIS MEETING TOGETHER WITH SUCH CHANGES (IF ANY) AS THE BOARD MAY CONSIDER NECESSARY, EXPEDIENT OR DESIRABLE TOMAKETHEI NEDER MEUL YGOMPLANT MITHEI EROPOSED NEMEN AXIECISIATION RELATING TOTHELAX TREATMENTOESTADIED SEQURITEST 2ROVIDED TO EMPLOYEES UNDER AN EMPLOYEE SECURITY OPTION OR RIGHTS PLAN
5043011
RESOLUTION 7 Approval of Non-Executive Director Security Acquisition Plan
| EXOXES HED | |
|---|---|
| Total number of proxies to vote for theTESSORITOTA | 824,784,900 |
| Total number of proxies to vote against theTASORITOR | 6,235,394 |
| Total number of proxies to abstain on theTesolution! | 2.187.684 |
| Total number of proxies where the proxy mayvote at the proxy's discretion*: | 15,878,094 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 8 Approval of Performance Rights Plan
THAT APPROVAL IS CIVENTOR ALL PURPOSES UNDER THE CORPORATIONS ACTIVITIETHE IIISTINGRUIES OFAUSTRAIANSTOCKEXCHANGE IMITED FOR
- THE ESTABLISHMENT OF A PLAN. TO BE CALLED THE STOCKLAND 74 PERFORMANCE RIGHTS PLAN ("PRP") FOR THE PROVISION OF INCENTIVES TO ALL SENIOR EXECUTIVES. THE MAJORITY OF SENIOR MANAGERS AND ANY OTHER EMPLOYEES OF THE COMPANY AND ITS SUBSIDIARIES WHOM HEIEIBIOXIRDIQIEHEIEIGOMBANYIDIEHERMINESTOIBIEHEIGIBIEHOIBARIIGIBATEIN THE PRP ('PARTIGIPANTS')
-
- THE GRANT OF PERFORMANCE RIGHTS AND THE SUBSEQUENT ISSUE OR TRANSFER OF STOCKLAND STAPLED SECURITIES. TO PARTICIPANTS UNDER THE PRP AND
THE PROVISION OF BENETISTIC THOSE PARTICIPANTS UNDER THE PRP. 10)
IN ACCORDANCE WITH THE PRETRUES. INITIALED BY THE CHAIRMAN FOR THE EUREOSES OF IDENTIFICATION AMDIDES CRISED IN THE NOTICE OF MEETINGS CONVENING THIS MEETING TOGETHER WITH SUCH CHANGES (IF ANY) AS THE BOARD MAY CONSIDER NECESSARY. EXPEDIENT OR DESIRABLE TO MAKE THE PRPIEUT YKOMPUANT WITH THE PROPOSED NEW AXIECISI ATION RELATING TO THE TAX TREATMENT OF STARLED SECURITIES PROVIDED TO EMPLOYEES UNDER AN EMPLOYEE SECURITY OPTION OR RIGHTS PLAN
RESOLUTION 8 Approval of Performance Rights Plan
| IEROXIESHIEUD | |
|---|---|
| Total number of proxies to vote for theTesolution | 821.942.812 |
| Total number of proxies to vote against theTERROLUTION | 7.578.985 |
| Total number of proxies to abstain on theTESSORIITORI | 3.378,734 |
| Total number of proxies where the proxy mayvote at the proxy's discretion": | 8.117.748 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 9 Grant of Performance Rights to the Managing Director
THAT. SUBJECT TO THE APPROVAL OF RESOLUTION 8 IN THE NOTICE OF MEETINGS CONVENING THIS MEETING. APPROVAL IS GIVEN FOR ALL PURPOSES UNDER THE COREORATIONS AGT AND THE LISTING RULES OF AUSTRALIAN STOOKEXOHANGELIMITEDIEORI
- THE EXRIGIEATION IN THE STOCKLAVD EERE ORMANGE RICHTS ELAN 00 BY MR M QUINN, MANAGING DIREGTOR AS TO 470.000 PEREORMANCE RIGHTS AND
-
- THE ACQUISTION ACCORDINGLY BY MR M QUINN OF THOSE IPERFORMANCE RIGHTS AND. IN CONSEQUENCE OF VESTING OF THOSE PERFORMANCE RIGHTS. OF STOCKLAND STAPLED SECURITIES
IN ACCORDANCE WITH THE STOCKLAND PERFORMANCE RIGHTS PLAN RULES AS AMENDED FROM TIME TO TIME AND ON THE BASIS DESCRIBED. IN THE EXPLANATORY NOTES ON ITEMS OF BUSINESS ACCOMPANYING THE NOTICE OF MEETING CONVENING THIS MEETING.
RESOLUTION 10 Grant of Performance Rights to the Finance Director
THAT. SUBJECT TO THE APPROVAL OF RESOLUTION & IN THE NOTICE OF MEETINGS CONVENING THIS MEETING. APPROVAL IS GIVEN FOR ALL FURFOSES UNDER THE CORPORATIONS ACT AND THE LISTING RULES OF AUSTRALANSTOCKEXCHANGELMITEDEORI
- 720 THE EXRIGEATION IN THE STOCKLAND EREORMANCE RIGHTS ELAN BY MR HTHORBURN, FINANCE DIRECTOR AS TO 204.000 PERFORMANCE RIGHTS: AND
- THE ACQUISTION ACCORDING LY BY MR HITHORBURN OF THOSE 73) PERFORMANCE RIGHTS AND. IN CONSEQUENCE OF VESTING OF THOSE PERFORMANCE RIGHTS, OF STOCKLAND STAPIED SECURITIES
IN AGGORDANGE WITH THE STOCK AND PERIORWANGE RICHTS PLAN RUIES AS AMENDED EROM TIME TO TIME AND ON THE BASIS DESCRIBED. IN THE EXPLANATORY NOTES ON ITEMS OF BUSINESS ACCOMPANYING THE NOTICE OF METHING CONVENING THIS METHING
RESOLUTION 9 Grant of Performance Rights to the Managing Director
a managama na managang katalog sa pag-ang pag-ang pag-ang pag-ang pag-ang pag-ang pag-ang pag-ang pag-ang pag-
| EROXESHEID | |
|---|---|
| Total number of proxies to vote for theTesoluton | 820,238,739 |
| Total number of proxies to vote against theTASONION | 8,371,468 |
| Tola number of proxies to abstain on theTASORITOR | 4 3 2 6 4 3 3 |
| Total number of proxies where the proxy mayvote at the proxy's discretion": | 80467707 |
*Includes undirected proxies in favour of the Chairman
RESOLUTION 10 Grant of Performance Rights to the Finance Director
......................................
| EXOXES HED | |
|---|---|
| Total number of proxies to vote for the resolution: | 820, 162, 173 |
| Total number of proxies to vote against theTESORITOR | 8.368.496 |
| Total number of proxies to abstain on theE CESSORITION | 4,384,985 |
| Total number of proxies where the proxy may voteat the proxy's discretion*: | 8,058,312 |
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
*Includes undirected proxies in favour of the Chairman
,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里,我们就会在这里
David Fairiuli Non-Executive Director
DISCLAIMER
Corporation/ Responsible Entity
Stockend Corporation Emitsd ACN 000 131 788
Stockand Trust Management Emited ACN 001 900 741
AGULE GOT 157 Liverpool Street SYDNEY NSW 2000
Disclaimer of Liability:
While every effort is made to provide accurate and complete information. Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for Vour intended use. Subject to any terms implied by law and which cannot be excluded. Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in information in this presentation. All information in this presentation is subject to change without notice.
