Vicinity Centres Financial Data

Company name:	Vicinity Centres	Status:	Active
End of fiscal year:	30 June 2018	ISIN	AU000000VCX7
Auditor:	EY	Year established:	2015
Company sector name:	Real Estate	Trading currency:	AUD
Industry name:	REIT - Retail	Place of incorporation:	Australia (AU)
Industry group name	REITs	Doing business in:	Australia (AU)
Address	1341 Dandenong Road PO Box 104, 3148	Tel.:	+61 370014000
City/Country:	Chadstone, Australia	Fax:	+61 370014001
Web address:	http://www.vicinity.com.au

Company description:

Vicinity was created from the merger of Federation Centres and Novion in June 2015, creating Australia's second-largest retail REIT, with directly and indirectly owned assets with a book value in excess of AUD 15 billion. The assets are skewed to larger shopping centres, with a weighting of 65% to major regional malls, 22% in subregional malls, 4% in neighbourhood malls, and 9% in outlet centres.

Price	Price change [%]	Bid	Offer	Open	High	Low	Volume
1.72	-0.045[-2.55%]	1.71	1.73	1.73	1.73	1.695	16,276,801
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
6870.9685	3779.353256	0.39	0.31	0.16	5.64	9.24	1.56 - 2.15

VCX KEY FIGURES (at previous day's close)
Yesterday's Close	1.77
PE Ratio	5.64
Market Capitalisation	6.87B
Latest Shares Outstanding	3.78B
Earnings pS (EPS)	0.31
Dividend pS (DPS)	0.16
Dividend Yield	9.24%
Sales per Employee	-
Effective Tax Rate	-
Foreign Sales	-
Domestic Sales	-
Selling, General & Adm/tive (SG...	7.34%
Research & Devlopment (R&D) as ...	0.00%
Gross Profit Margin	74.23%
EBITDA Margin	105.52%
Pre-Tax Profit Margin	91.65%
Assets Turnover	13.15%
Return on Assets (ROA)	0.07%
Return on Equity (ROE)	0.10%
Return on Capital Invested (ROC...	0.09%
Current Ratio	0.24
Leverage Ratio (Assets/Equity)	1.44%
Interest Cover	7.80
Total Debt/Equity (Gearing Rati...	0.38%
LT Debt/Total Capital	0.28%
Working Capital pS	4.34
Cash pS	0.01
Book-Value pS	4.34
Tangible Book-Value pS	4.30
Cash Flow pS	-
Free Cash Flow pS	0.18
Spread	0.02
Gross gearing	0.00%
Net Debt	-42.10M

VCX Balance Sheet Chart (30 June 2018)

Period †	High	Low
1 Week	1.89	1.695
1 Month	2.01	1.695
3 Months	2.15	1.695
6 Months	2.15	1.655
1 Year	2.15	1.56
3 Years	2.72	0.905
5 Years	2.92	0.905

Share price performance previous 3 years

Share price performance intraday

Period †	Open	Open Avg.	VWAP	Min Vol	Max Vol	Avg. Daily Vol	Change	%
1 Week	1.865	1.836	1.83	9,523,454	32,231,817	19,063,119	-0.145	-7.77%
1 Month	1.895	1.9093	1.90	6,961,552	32,231,817	13,327,164	-0.175	-9.23%
3 Months	1.935	1.9543	1.95	5,580,676	32,231,817	12,331,937	-0.215	-11.11%
6 Months	1.82	1.8999	1.90	5,126,465	32,231,817	12,059,734	-0.10	-5.49%
1 Year	1.665	1.8146	1.82	3,875,962	32,231,817	11,503,956	0.055	3.3%
3 Years	2.55	1.7764	1.67	688,206	149,378,340	14,153,637	-0.83	-32.55%
5 Years	2.66	2.0814	1.94	688,206	149,378,340	12,636,415	-0.94	-35.34%

VCX Growth Ratios (30 June 2018)
	1 year	3 years	5 years	10 years
Diluted EPS growth	-0.22	0.07	0.16	-
Diluted continuous EPS growth	-0.22	0.07	0.16	-
Dividend growth	-0.06	-0.01	0.03	-
Equity per share growth	0.05	0.05	0.06	-
Revenue growth	0.02	0.17	0.22	-
Operating income growth	0.01	0.20	0.26	-
Net income growth	-0.23	0.22	0.42	-
Net income cont growth	-0.23	0.22	0.42	-
CFO growth	-0.03	0.19	0.27	-
FCF growth	-0.03	0.20	0.27	-
Operating revenue growth	0.02	0.17	0.22	-

VCX Income Statement 30 June 2018 (AUD)
Total Revenue	1329.7
Operating Revenue	1329.7
Cost of Revenue	342.6
Gross Profit	987.1
Operating Expenses	138.9
Selling,General and Administr...	97.6
General and Administrative Ex...	97.6
Salary and Benefit	97.6
Depreciation,Amortization and...	4.5
Depreciation and Amortization	4.5
Amortization	4.5
Amortization of Intangibles	4.5
Other Operating Expenses	36.8
Operating Income	848.2
Interest Income/Expense,Net-N...	-174.3
Interest Income-Non Operating	5.6
Interest Expense-Non Operatin...	179.9
Other Income/Expense,Net	547.4
Earnings from Equity Interest	26.8
Other Non-Operating Income/Ex...	520.6
Pretax Income	1218.7
Provision for Income Tax	0.00
Net Income Available to Commo...	1218.7
Net Income	1218.7
Net Income Including Noncontr...	1218.7
Net Income from Continuing Op...	1218.7
Basic EPS	0.31
Basic EPS from Continuing Ope...	0.31
Basic EPS from Discontinued O...	0.00
Diluted EPS	0.31
Diluted EPS from Continuing O...	0.31
Diluted EPS from Discontinued...	0.00
Basic Weighted Average Shares...	3892.9
Diluted Weighted Average Shar...	3899.84
Dividend Per Share	0.16
Net Income from Continuing an...	1218.7
Normalized Income	1218.7
Basic EPS,Continuing and Disc...	0.31
Diluted EPS,Continuing and Di...	0.31
Interest and Dividend Income	5.6
Interest Expense	179.9
Net Interest Income	-174.3
Earning Before Interest and T...	1398.6
Earning Before Interest Tax D...	1403.1
Cost of Revenue,Reconciled	342.6
Depreciation,Reconciled	4.5
Net Income from Continuing Op...	1218.7
Normalized Basic EPS	0.31
Normalized Diluted EPS	0.31
NormalizedEBITDA	1403.1
Tax rate for calculations	0.00

VCX Efficency Ratios (30 June 2018)
Days in sales	4.13
Days in inventory	-
Days in payment	67.44
Cash conversion cycle	-
Receivable turnover	88.35
Inventory turnover	-
Payable turnover	5.41
Fixed assets turnover	94.30
Assets turnover	0.08
ROE	0.10
ROA	0.07
ROIC	0.09
FCF sales ratio	0.53
FCF net income ratio	0.57
Capital expenditure sales ratio	0.00

VCX Financial Health Ratios (30 June 2018)
Current ratio	0.24
Quick ratio	0.21
Debt total capital ratio	0.28
Debt equity ratio	0.38
Financial leverage	1.44
Total debt to equity	0.38

VCX Avearge Growth Ratios Over 5 Years (30 June 2018)
Growth ann capital spending	-0.09
Growth ann gross profit	0.22
Avg gross margin	0.74
Avg post tax margin	0.90
Avg pre tax marginr	0.90
Avg net profit	0.90
Avg ret commonr	0.11
Avg ret assets	0.08
Avg ret invested capital	0.09

VCX Profitability Ratios (30 June 2018)
Gross margin	0.74
Operating margin	0.64
EBT margin	0.92
Tax rate	-
Net margin	0.92
Sales per employee	-
EBIT margin	1.05
EBITDA margin	1.06
Normalized net profit margin	0.92
Interest coverage	7.77
Inc per employee tot ops	-

VCX Valuation Ratios (29 June 2018)
Sales per share	0.34
Growth ann sales per share 5 ye...	-
Book value per share	3.09
CF per share	0.18
Price to EPS	7.13
Ratio PE 5 year high	9.92
Ratio PE 5 year low	5.95
Price to book	0.84
Price to sales	7.70
Price to cash flow	14.22
Price to free cash flow	14.37
Div rate	0.16
Dividend yield	0.06
Div payout tot ops	0.45
Div payout 5 year	-2.39
Payout ratio	0.46
Sustainable growth rate	0.07
Cash return	0.06

VCX Balance Sheet 30 June 2018 (AUD)
Total Assets	17481.6
Current Assets	144.9
Cash,Cash Equivalents,and Sho...	42.1
Cash and Cash Equivalents	42.1
Cash	42.1
Receivables	82.3
Accounts Receivable	15.3
Other Receivables	73.7
Recievables Adjustments/Allow...	-6.7
Prepaid Assets and Others	17.3
Hedging Assets, Current	3.2
Total Non-Current Assets	17336.7
Net Property,Plant,and Equipm...	13.7
Gross Property,Plant,and Equi...	13.7
Machinery,Furniture/Equipment	13.7
Goodwill and Other Intangible...	594.9
Goodwill	427
Other Intangible Assets	167.9
Investment Properties	15892.7
Investments and Advances	681.1
Long term equity investment	681.1
Investments in Associates, at...	681.1
Derivative Assets,Non-Current	62.5
Accounts Receivable,Non-Curre...	7.5
Deferred Non-Current Assets	84.3
Deferred Taxes,Non-Current As...	84.3
Total Liabilities	5374.1
Current Liabilities	601.4
Payables and Accrued Expenses	467.5
Payables	467.5
Accounts Payable	62.3
Dividends Payable	317.5
Other Payable	87.7
Provisions,Current	25.9
Pension and Other Post-Retire...	51.1
Current Debt and Capital Leas...	56.9
Current Debt	41.6
Notes Payable,Current	41.6
Current Portion of Capital Le...	15.3
Total Non-Current Liabilities	4772.7
Provisions,Long Term	4.8
Long Term Debt and Capital Le...	4600.8
Long Term Debt	4396
Long Term Portion of Capital ...	204.8
Employee Benefits	3.9
Pension and Other Postretirem...	3.9
Derivative Liabilities	163.2
Total Equity	12107.5
Stockholder's Equity	12107.5
Capital Stock	8262.4
Common Stock	8262.4
Retained Earnings	3837.5
Accumulated Gains/ Losses Not...	7.6
Other Equity Adjustments	7.6
Total Capitalization	16503.5
Common Stock Equity	12107.5
Capital Lease Obligations	220.1
Net Tangible Assets	11512.6
Working Capital	-456.5
Invested Capital	16545.1
Tangible Book Value	11512.6
Total Debt	4657.7
NetDebt	4395.5
Ordinary Shares Number	3871.6
TotalLiabilitiesAsReported	5374.1
TotalEquityAsReported	12107.5

VCX Cash Flow 30 June 2018 (AUD)
Classes of Cash Receipts from...	1474.3
Receipts from Customers	1474.3
Classes of Cash Payments	-597.5
Payments to Suppliers for Goo...	-597.5
Dividends Received, Direct	9.3
Interest Paid, Direct	-181.3
Interest Received, Direct	1.3
Cash Flow from Investing Acti...	-305
Cash Flow from Continuing Inv...	-305
Purchase/Sale of Property,Pla...	-5.4
Purchase of Property,Plant an...	-5.4
Purchase/Sale of Investments,...	-231.9
Purchase of Investments	-957
Sale of Investments	725.1
Other Investing Changes,Net	-67.7
Cash Flow from Financing Acti...	-401.2
Cash Flow from Continuing Fin...	-401.2
Issuance/Payments of Debt,Net	490.4
Issuance/Payments of Long Ter...	490.4
Proceeds or Issuance of Long ...	1160.9
Payments to Settle Long Term ...	-670.5
Issuance/Payments of Common S...	-230.8
Payments for Common Stock	-230.8
Cash Dividends Paid	-654
Common Stock Dividends Paid	-654
Other Financing Changes, Net	-6.8
Cash and Cash Equivalents,End...	42.1
Change in Cash	-0.1
Cash and Cash Equivalents,Beg...	42.2
Interest Paid, Supplemental D...	181.3
Capital Expenditure	-5.4
Issuance of Debt	1160.9
Repayment of Debt	-670.5
Repurchase of Capital Stock	-230.8
Free Cash Flow	700.7
ChangeinCashSupplementalAsRep...	-0.1

Vicinity Centres Financial Data

VCX KEY FIGURES (at previous day's close)

VCX Balance Sheet Chart (30 June 2018)

Share price performance previous 3 years

Share price performance intraday

VCX Growth Ratios (30 June 2018)

VCX Income Statement 30 June 2018 (AUD)

VCX Efficency Ratios (30 June 2018)

VCX Financial Health Ratios (30 June 2018)

VCX Avearge Growth Ratios Over 5 Years (30 June 2018)

VCX Profitability Ratios (30 June 2018)

VCX Valuation Ratios (29 June 2018)

VCX Balance Sheet 30 June 2018 (AUD)

VCX Cash Flow 30 June 2018 (AUD)