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4. 1Q 2017 Property Performance

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4. 1Q 2017 Property Performance 4. 1Q 2017 Property Performance Driving values through sustainable growth 23 RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 35.0% 30.0% 100.0% 98.6% 98.3% 98.1% 98.3% 98.6% 97.8% 97.9% 25.0% 95.0% 20.0% 15.0% 90.0% 10.0% 85.0% 5.0% 80.0% 19.1% 30.3% 14.1% 31.3% 3.0% 0.0% FY2017 FY2018 FY2019 FY2020 Monthly tenancy 75.0% Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q Expiring tenancies as % of total NLA 2017 2016 Driving values through sustainable growth 24 RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant mix 1 Top 10 tenants 1 Total Top 10 Tenants 12.3% Aeon Co. (M) Bhd 2.1% 22.9% 36.1% Parkson Corporation Sdn Bhd 1.8% TGV Cinemas Sdn Bhd 1.4% 4.3% JD Sports Fashion Sdn Bhd 1.3% 6.9% Cotton On (Malaysia) Sdn Bhd 1.1% 4.8% (Cotton On, Factorie, Typo) Sunway Resort Hotel Sdn Bhd 1.1% 4.4% 20.6% (Convention Centre) Padini Dot Com Sdn Bhd 0.9% Peregrine Technology Sdn Bhd 0.9% Fashion & Footwear Food & Beverage (Digital Centre) Elitetrax Marketing Sdn Bhd 0.9% Department Store Leisure & Entertainment (Harvey Norman) Electronics Education & Services Pyramid Bowl Sdn Bhd 0.8% Others 0.0% 3.0% 6.0% 9.0% 12.0% 15.0% 1 Based on gross rental income for the month of September 2016. Driving values through sustainable growth 25 RETAIL PROPERTIES SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 35.0% 30.0% 100.0% 97.4% 97.3% 25.0% 96.4% 94.4% 94.3% 95.0% 20.0% 92.0% 91.2% 15.0% 90.0% 10.0% 85.0% 5.0% 80.0% 28.0% 18.8% 15.9% 34.3% 0.4% 0.0% FY2017 FY2018 FY2019 FY2020 Monthly 75.0% tenancy Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 Expiring tenancies as % of total NLA Note: Average occupancy rate for YTD1Q2017 was marginally higher due to the new food and beverage (“F&B”) area with NLA of approximately 16,000 sq. ft. (3% of total NLA) have progressively opened since 4Q2016. The new F&B area is currently 90% tenanted. Driving values through sustainable growth 26 RETAIL PROPERTIES SUNWAY CARNIVAL SHOPPING MALL (Cont’d) Tenant mix 1 Top 10 tenants 1 Total Top 10 Tenants 23.1% Parkson Corporation Sdn Bhd 9.2% 22.4% 24.7% Sam's Groceria Sdn Bhd 2.5% Sunway Hotel (Seberang Jaya) Sdn Bhd 2.1% (Convention Centre) Life Habitat Sdn Bhd 8.7% 1.7% (Studio) 21.1% Padini Corporation Sdn Bhd 1.4% 8.7% Apex-Pal (M) Sdn Bhd 1.4% 2.8% (Sakae Sushi) 11.6% C.H.I. Fitness Sdn Bhd 1.4% CG Computers Sdn Bhd 1.2% (Switch) Fashion & Footwear Food & Beverage Golden Screen Cinemas Sdn Bhd 1.1% Department Store Leisure & Entertainment Electronics Education & Services Bread History Sdn Bhd 1.1% Others 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1 Based on gross rental income for the month of September 2016. Driving values through sustainable growth 27 RETAIL PROPERTIES SUNCITY IPOH HYPERMARKET Historical occupancy rates Average occupancy rate 100% 100% 100% 100% 100% 100% 100% 100% 95% 90% 85% 80% 75% Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 Suncity Ipoh Hypermarket is tenanted to a single tenant, a major hypermarket and retailer chain operating under the “Giant” brand. The next renewal for the tenancy is April 2017. Driving values through sustainable growth 28 RETAIL PROPERTIES SUNWAY PUTRA MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 70.0% 60.0% 100.0% # # 50.0% 85.2% 83.9% 79.8% 82.4% 80.0% 74.9% 69.8% 40.0% 60.0% 30.0% 20.0% 40.0% 10.0% 20.0% 2.9% 60.1% 21.5% 1.1% 0.0% * 0.0%* FY2017 FY2018 FY2019 FY2020 0.0% Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 Expiring tenancies as % of total NLA * Sunway Putra Mall was closed for refurbishment from May 2013 to May 2015 and re-opened on 28 May 2015. # Based on secured occupancy. Driving values through sustainable growth 29 RETAIL PROPERTIES SUNWAY PUTRA MALL (Cont’d) Tenant mix 1 Top 10 tenants 1 Total Top 10 Tenants 17.0% TGV Cinemas Sdn Bhd 4.2% 25.8% Padini Dot Com Sdn Bhd 1.8% 37.6% Parenthood Venture Sdn Bhd 1.7% 1.5% 3.0% GCH Retail (M) Sdn Bhd 1.6% 4.2% NFC Clothier Sdn Bhd 1.4% 1.6% (Nichii,Kitschen&Dressing Paula) Jerasia Fashion Sdn Bhd 1.3% (Mango) 26.3% Sports Direct MST Sdn Bhd 1.3% Uniqlo (Malaysia) Sdn Bhd 1.3% Fashion & Footwear Food & Beverage RCB Marketing Sdn Bhd 1.2% Supermarket Leisure & Entertainment (Royal Country Of Berkshire Polo Club) Neonshine Sdn Bhd 1.2% Electronics Education & Services (Adidas) Others 0.0% 5.0% 10.0% 15.0% 20.0% 1 Based on gross rental income for the month of September 2016. Driving values through sustainable growth 30 HOSPITALITY PROPERTIES SUNWAY RESORT HOTEL & SPA Historical occupancy rate Average occupancy rate Average occupancy rate (%) 94.3% 95.0% 100.0% 94.3% 87.4% 90.0% 90.0% 81.2% 87.4% 78.8% 78.0% 80.0% 76.0% 71.3% 85.0% 81.8% 82.2% 70.0% 80.0% 60.0% 73.6% 75.0% 50.0% Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 70.0% Avg occupancy rate (%) 65.0% Customer contribution (Room revenue) 1Q 2Q 3Q 4Q Corporate 18.7% FYE2017 FYE2016 Leisure 81.3% Note 1: The hotel properties are under 10-years master leases. The Sunway Resort Hotel & Spa and Sunway Pyramid Hotel (formerly Sunway Pyramid Hotel East) master lease is expiring in July 2020. Note 2: Sunway Resort Hotel & Spa achieved a higher average occupancy rate for 1Q2017 compared to 1Q2016 contributed by strong Middle-East tourists arrival. The hotel enjoyed an extended peak season which started in early July this year compared to mid-July of last year. Driving values through sustainable growth 31 HOSPITALITY PROPERTIES SUNWAY HOTEL SEBERANG JAYA Historical occupancy rate Average occupancy rate Average occupancy rate (%) 90.0% 90.0% 80.0% 80.0% 70.2% 70.2% 76.0% 67.8% 69.6% 65.5% 70.0% 70.2% 60.2% 70.0% 60.0% 64.1% 51.6% 61.9% 60.2% 50.0% 60.0% 40.0% 50.0% Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 40.0% Avg occupancy rate (%) Customer contribution (Room revenue) 30.0% 1Q 2Q 3Q 4Q Corporate 97.7% Leisure 2.3% FYE2017 FYE2016 Note 1: The hotel properties are under 10-years master leases. The master lease of Sunway Hotel Seberang Jaya is expiring in July 2020. Note 2: Average occupancy rate for 1Q2017 was higher compared to 1Q2016 attributed to the tactical strategy employed to achieve better occupancy in view of softer demand from the corporate segment and increased competition from new hotels in Penang. Driving values through sustainable growth 32 HOSPITALITY PROPERTIES SUNWAY PUTRA HOTEL Historical occupancy rate Average occupancy rate Average occupancy rate (%) 80.0% 80.0% 69.0% 69.0% 70.0% 59.0% 60.2% 70.0% 60.0% 50.2% 61.5% 42.6% 58.3% 50.0% 36.5% 60.0% 40.0% 28.8% 50.0% 30.0% 45.0% 20.0% 40.0% 36.5% 10.0% 0.0% 30.0% Jun-12 * Jun-13 Jun-14 Jun-15 Jun-16 YTD 1Q YTD 1Q 2017 2016 20.0% Avg occupancy rate (%) 10.0% Customer contribution (Room revenue) 0.0% 1Q 2Q 3Q 4Q Corporate 31.4% Leisure 68.6% FYE2017 FYE2016 * Representing period from 28 Sept 2011 (full possession and control of Sunway Putra Hotel) to 30 June 2012. Note 1: The hotel properties are under 10-years master leases. The Sunway Putra Hotel master lease is expiring in September 2021. Note 2: The performance since Jun-14 was adversely affected by the refurbishment at the adjoining Sunway Putra Mall from May 2013 to May 2015, and the hotel’s own refurbishment works. The refurbishment of Sunway Putra Hotel commenced in 1Q2014 and was completed in 2Q2016. Note 3: The average occupancy rate has improved to 69.0% in 1Q2017 compared to 36.5% in 1Q2016 as the hotel was still undergoing refurbishment during the same period last year. Post completion of refurbishment in 2Q2016, the hotel has embarked on active marketing activities and promotional rates to regain market shares across all segments. Driving values through sustainable growth 33 HOSPITALITY PROPERTIES SUNWAY HOTEL GEORGETOWN Historical occupancy rate Average occupancy rate Average occupancy rate (%) 87.3% 90.0% 90.0% 87.3% 85.0% 80.0% 76.0% 74.0% 82.6% 70.4% 69.1% 68.8% 80.0% 70.0% 74.1% 75.0% 60.0% 54.7% 70.7% 68.8% 50.0% 70.0% 40.0% 65.0% # # # Jun-12 Jun-13 Jun-14 Jun-15 * Jun-16 YTD 1Q YTD 1Q 60.0% 2017 2016 Avg occupancy rate (%) 55.0% Customer contribution (Room revenue) 50.0% 1Q 2Q 3Q 4Q Corporate 93.3% Leisure 6.7% FYE2017 FYE2016 * The contribution from Sunway Hotel Georgetown commenced on 28 January 2015.
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