The Singapore Exchange Securities Trading Limited, Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CAPITAMALLS ASIA LIMITED 凱德商用產業有限公司* (Singapore Company Registration Number: 200413169H) (Incorporated in the Republic of Singapore with limited liability) (Hong Kong Stock Code: 6813) (Singapore Stock Code: JS8)
OVERSEAS REGULATORY ANNOUNCEMENT
This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Please refer to the next page for the document which has been published by CapitaMalls Asia Limited (the “Company ”) on the website of the Singapore Exchange Securities Trading Limited on 22 November 2013.
BY ORDER OF THE BOARD CapitaMalls Asia Limited Tan Lee Nah Company Secretary
Hong Kong, 22 November 2013
As at the date of this announcement, the board of directors of the Company comprises Mr Ng Kee Choe (Chairman and non-executive director); Mr Lim Beng Chee as executive director; Mr Lim Ming Yan, Ms Chua Kheng Yeng Jennie and Mr Lim Tse Ghow Olivier as non-executive directors; and Mr Sunil Tissa Amarasuriya, Tan Sri Amirsham A Aziz, Dr Loo Choon Yong, Mrs Arfat Pannir Selvam, Mr Bob Tan Beng Hai and Professor Tan Kong Yam as independent non-executive directors.
* For identification purposes only MISCELLANEOUS Page 1 of 1
MISCELLANEOUS :: PRESENTATION SLIDES FOR CAPITALAND MEDIA/ANALYSTS TRIP: HARNESSING AN INTEGRATED PLATFORM
Like 0 Tweet 0 * Asterisks denote mandatory information Name of Announcer * CAPITAMALLS ASIA LIMITED
Company Registration No. 200413169H
Announcement submitted on CAPITAMALLS ASIA LIMITED behalf of
Announcement is submitted CAPITAMALLS ASIA LIMITED with respect to *
Announcement is submitted by * Tan Lee Nah
Designation * Company Secretary
Date & Time of Broadcast 22-Nov-2013 17:23:33
Announcement No. 00069
>> ANNOUNCEMENT DETAILS
The details of the announcement start here ... Announcement Title * Presentation Slides for CapitaLand Media/Analysts Trip: Harnessing An Integrated Platform
Description The attached presentation slides issued by CapitaMalls Asia Limited on the above matter is for information
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http://infopub.sgx.com/Apps?A=COW_CorporateAnnouncement_Content&B=Annou... 22-Nov-13 CapitaMalls Asia Limited Singapore • China • Malaysia • Japan • India CapitaLand Media/Analysts Trip: Harnessing An Integrated Platform
Lim Beng Chee, CEO of CapitaMalls Asia 26 November 2013 CapitaMalls Asia Presentation – 26 November 2013 Disclaimer
This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events.
The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaMalls Asia (“CMA”) or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
The past performance of CMA is not indicative of the future performance of CMA.
The value of shares in CMA (“Shares”) and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, or guaranteed by, CMA or any of its affiliates. An investment in Shares is subject to investment risks, including the possible loss of the principal amount invested.
1 CapitaMalls Asia Presentation – 26 November 2013 Contents
. CapitaMalls Asia Overview . Our Business Model . China Presence, Business Strategy & Outlook . East China Region . Shanghai . Raffles City Shanghai . Hongkou Plaza . South China Region . Guangdong . New Acquisition in Guangzhou
2 CapitaMalls Asia Presentation – 26 November 2013
CapitaMalls Asia Overview
CapitaMalls Asia Presentation – 26 November 2013 Plaza Singapura, Singapore Overview of CapitaMalls Asia Limited
Asia’s Leading Mall Developer, Owner and Manager
. CapitaMalls Asia (“CMA”) is one of the largest listed shopping mall developers, owners and managers in Asia by total property value of assets and by geographic reach . Listed on SGX and HKEx, total market capitalisation of about S$ 7.9 bil1 . 1042 shopping malls with a total property value of approximately S$34.4 bil3 ION Orchard Singapore
Hongkou Plaza Gurney Plaza Olinas Mall The Celebration Mall Shanghai, China Penang, Malaysia Tokyo, Japan Udaipur, India (1) As at 15 Nov 2013. (2) Includes the newly acquired mall in Guangzhou as announced on 20 Nov 2013. (3) Excludes CMA’s interest in Horizon Realty Fund, which CMA does not manage. Aggregate property value of the properties in CMA’s portfolio (where the property value of each of the properties is taken in its entirety regardless of the extent of CMA’s interest). Property value based valuation as disclosed on 30 Jun 2013.
4 CapitaMalls Asia Presentation – 26 November 2013 Our Business Model
The Star Vista, Singapore CapitaMalls Asia Presentation – 26 November 2013 Our Value Proposition
Well-positioned for growth opportunities in Asia’s retail sector
CMA is located in growing countries… …with low penetration of shopping spend per capita
GDP per capita (US$) CAGR 2010 - 2015E Retail spending per capita (US$) 9,978 12.6%
7.3% 6.0% 4,120 3.8% -0.1% 944 1,139 258
Singapore China Malaysia Japan India Singapore China Malaysia Japan India Source: IMF, Apr 2013 Source: Euromonitor, 2012; IMF, 2013
…and low penetration of organised retail …and high consumption growth
Size represents population size
100% 25% 20% China Malaysia 15% 50% India
Consumption 10% Singapore Japan 5%
0% Private 0% Singapore China Malaysia India 0% 5% 10% 15% 20% 25%
Organised Traditional GDP CAGR '06 - '11 6 Source: Company data, CICC ResearchSource: CapitaMalls IMF, 2013; World Asia Bank Data,Presentation 2013 Source: – 26 IMF, November 2013; World Bank2013 Data, 2013 The Scale to Entrench Our Presence…
Total GFA: Approximately 97 million sq ft
Harbin Hokkaido Huhhot countries Beijing 5 Tianjin Anyang Zibo Dalian Japan China Xinxiang Weifang Qingdao Zhengzhou Tokyo Xi’an Rizhao Kobe 53 cities Wuhan Yangzhou Osaka Mianyang Suzhou Kunshan Deyang Wuhu Hangzhou Shanghai Chengdu Yiyang Ningbo Chongqing ChangshaNanchang malls Yibin 104 Jalandhar Guangzhou Quanzhou Foshan Zhangzhou India Zhaoqing Dongguan Zhanjiang Maoming Udaipur >4,000 staff Nagpur Hyderabad Bangalore Mangalore Malaysia Mysore Cochin One unique Penang Kuantan Kuala Lumpur Klang Valley integrated Selangor shopping mall Singapore business
7 As at 22 November 2013 CapitaMalls Asia Presentation – 26 November 2013 With Leading Retail Network of >13,000 Leases
Strong relationship with wide profile of retailers including home-grown chains and international brands
8 CapitaMalls Asia Presentation – 26 November 2013 Partnering Our Retailers to Grow
Tenant engagement programme to add value to retailers’ business Seminars and workshops conducted by industry experts
9 CapitaMalls Asia Presentation – 26 November 2013 Multiple Efficient Capital Raising Platforms
Total asset value of >S$21 bil in 3 public listed REITs and 6 private equity funds Effective Market Cap1 / Value of Type Stake Fund Size2 Assets3,4
CapitaMall Trust Public listed REIT 27.59% S$6,885 mil S$9,739 mil
CapitaRetail China Trust Public listed REIT 25.20% S$1,123 mil S$1,749 mil
CapitaMalls Malaysia Trust Public listed REIT 36.00% MYR2,656 mil S$1,251 mil
CapitaMalls China Income Fund Private fund 45.00% US$900 mil S$3,245 mil
CapitaMalls China Income Fund II5 Private fund 30.00% US$425 mil S$1,590 mil
CapitaMalls China Income Fund III5 Private fund 45.00% S$900 mil S$1,633 mil
CapitaMalls China Development Fund III Private fund 50.00% US$1 bil S$1,149 mil
CapitaMalls Japan Fund Private fund 26.29% JPY44.1 bil S$304 mil
CapitaMalls India Development Fund Private fund 45.45% S$880 mil S$427 mil
(1) Market capitalisation are as of 15 Nov 2013 for the 3 public listed REITs, namely, CapitaMall Trust, CapitaRetail China Trust and CapitaMalls Malaysia Trust. (2) Based on size of Fund as at Fund closing. (3) Based on Jun 2013 book value, as-is basis, 100% stake. (4) Based on 15 Nov 2013 exchange rates of MYR1=S$0.389332; RMB1=S$0.204654; JPY1=S$0.012428; INR1=S$0.01988. (5) CapitaMalls China Income Fund II was renamed from CapitaMalls China Incubator Fund with effect from 6 Jun 2013 and CapitaMalls China Income Fund III was renamed from CapitaMalls China Development Fund II with effect from 31 Jul 2013. 10 CapitaMalls Asia Presentation – 26 November 2013 Our Real Estate Value Chain
Uniquely integrated retail business with end-to-end capabilities
Sourcing Development Mall Management Capital Management
Ability to source land Comprehensive Proven track record in “Know-how” in bank and investment development extracting value through deploying capital to opportunities capabilities asset enhancement enhance productivity
initiatives
On the ground Experience in Experience in professionals focused developing a variety Ability to fill up malls creating and in both land and of malls catering to a rapidly through lease managing private project acquisition diverse tenant and network and bring in funds and listed REITs customer base shoppers to shop through branding and marketing activities
Proven Deep Proven Ability to sourcing development operational deploy capital capabilities capabilities expertise efficiently
Development Fund 1 2 Revaluation 3 3 Buckets of Profits Management Income Net Property Income Fees Property Management Fees : Recurring Income
11 CapitaMalls Asia Presentation – 26 November 2013 China Presence, Business Strategy & Outlook
CapitaMalls Asia Presentation – 26Nanjing November Impressions, 2013 CapitaMall Crystal, Beijing, China Leverage on CL’s 20 Years Presence in China
Landmark developments include Hongkou Plaza and Raffles City Shanghai in Shanghai, CapitaMall Taiyanggong in Beijing and CapitaMall Wusheng in Wuhan
CapitaMall Taiyanggong, Beijing
Raffles City Shanghai Strong understanding of the China retail real
Hongkou Plaza, Shanghai CapitaMall Wusheng, Wuhan estate market
13 CapitaMalls Asia Presentation – 26 November 2013 Malls Strategically Located in Large Population Catchment Areas
. One-stop shopping, dining and entertainment destinations within sizeable population catchment areas
. Well-positioned and accessible via major transportation routes Minhang Plaza, Shanghai
CapitaMall Aidemengdun, CapitaMall Jinniu, Chendu Raffles City Beijing, Beijing Harbin
CapitaMall Dongguan, CapitaMall Yuhuating, Changsha CapitaMall Saihan, Huhhot Dongguan
14 CapitaMalls Asia Presentation – 26 November 2013 Geographically Diversified in Multi-tiered Cities Operations are organised into 6 regions
o North 62 malls o North-east (51 operational) o East Heilongjiang Harbin o Central Jilin o West 37 cities Inner Mongolia o South Liaoning Gansu Huhhot Xinjiang Beijing Dalian Tianjin 69.2 mil sq ft Shanxi Hebei Zibo Weifang Ningxia Qinghai Shandong Qingdao Anyang Rizhao Total GFA Zhengzhou Xinxiang Shaanxi Jiangsu Henan Yangzhou Xizang Xi’an (Tibet) Suzhou, Kunshan Anhui Mianyang Shanghai Sichuan Deyang Hubei Wuhu Hangzhou Chengdu Chongqing Wuhan Zhejiang Ningbo S$16.3 bil Yibin Chongqing Yiyang Nanchang Jiangxi Guizhou Changsha Fujian Total property value Hunan Quanzhou
Guangxi Guangdong Zhangzhou Yunnan Guangzhou Zhaoqing Dongguan Early mover advantage Foshan Zhanjiang Maoming
Hainan As at 22 Nov 2013. 15 CapitaMalls Asia Presentation – 26 November 2013 China – Building Relevant Scale in Key Regions
Key clusters of Beijing, Shanghai, Chengdu, Chongqing and Wuhan
10 malls in 1 Beijing 3 2 Airport Express Core Area 4 10
1 56 3 2 7 4 10 9 56 7
9
8
1. CapitaMall Wangjing 6. CapitaMall Cuiwei 2. CapitaMall Taiyanggong 7. CapitaMall Shuangjing 3. CapitaMall Anzhen 8. CapitaMall Tiangongyuan 4. CapitaMall Xizhimen 9. Grand Canyon Mall 8 5. CapitaMall Crystal 10. Raffles City Beijing 16 CapitaMalls Asia Presentation – 26 November 2013 China – Building Relevant Scale in Key Regions
Key clusters of Beijing, Shanghai, Chengdu, Chongqing and Wuhan
6 malls 1 in Shanghai 4 Core Area 2 5 3 Subway Line 9 east extension to be completed in 2014
3
1
2 6 4 3 Expy Outer S20
5
6 1. Hongkou Plaza 4. Raffles City Changning 2. Raffles City Shanghai 5. CapitaMall Qibao 3. Luwan integrated development 6. Minhang Plaza
17 CapitaMalls Asia Presentation – 26 November 2013 China – Building Relevant Scale in Key Regions
Key clusters of Beijing, Shanghai, Chengdu, Chongqing and Wuhan
Subway Line 5 Shengxian Lake 1 malls 2 Chadianzi Bus Station North Railway Station in Yangxi Overflys Chengdu Yishitianxia Food Street Renming North Road Core Area Shuhan Road East Baiguolin Wenshu Monastery Core Area Hospital of University of Tonghui Men Luoma Market traditional Chinese Chunxi Road Tianfu Square Dongmen Bridge Renming Park Jingjiang Hotel Niuwang Temple Niushikou Huaxi Ba 3 Dongdalu State Stadium 1 Tazishan Park 5 Chengdu East Interchange 2 Nijia Qiao Chengyu Flyovers 4 Tongzi Lin Huiwang Tomb Chengdu South Railway Station Honghe Chengdu Gaoxing Administration School Finance District Subway Line 3 5 Innovation Park
Century City 4 1. CapitaMall Jinniu 4. CapitaMall Tianfu 2. CapitaMall Shawan 5. CapitaMall 3. Raffles City Chengdu Meilicheng
18 CapitaMalls Asia Presentation – 26 November 2013 China – Building Relevant Scale in Key Regions
Key clusters of Beijing, Shanghai, Chengdu, Chongqing and Wuhan
Dazhulin
Photoelectric Park 3 North Railway Shuangbei Station malls Zhengjiayuanzi Shiziba Core Area Ranjiaba Tangjiayuanzi in Jiazhoulu Dalongshan Hongqihegou Wulidian Chongqing Ciqikou Flower Park Huangnibang Hongtudi
Guanyinqiao Grave of Martyrs Zengjiayan Daxigou Niujia Huanghuayua 3 Yanggong Bridge Huaxinjie otuo n Linjiangmen Xiaoshizi 1 Liziba Niujiaotuo Shapingba Qixinggan Foquanguan g Xiaolong Yin Jiaochangkou Eling Daping Lianglukou Daping Jiaochangkou Subway Majiayan Shiyoulu Line 1 Gaomiao Village Xietaizi Subway Shiqiaopu Gnagyuanju Line 3
Nongjiagang Chongqing Industry & 3 Trade School 1 Nanping Xiejiawan Subway Sigongli Yangjiaping Line 2 Wugongli Mawangchang 2 Liugongli Dayan Zoo Village Pingan Ertang 2 Dadukou Bagongli Xinshan Village
1. CapitaMall Shapingba 2. CapitaMall Jiulongpo 3. Raffles City Chongqing
19 CapitaMalls Asia Presentation – 26 November 2013 China – Building Relevant Scale in Key Regions
Key clusters of Beijing, Shanghai, Chengdu, Chongqing and Wuhan
4 malls in Wuhan 4 Core Area 2 1 Link Subway Line 4 (To be 3 finished in 3 2014
Province Government
4 2 1 3
1. CapitaMall Wusheng 3. CapitaMall 1818 2. CapitaMall 4. Gutian site Minzhongleyuan
20 CapitaMalls Asia Presentation – 26 November 2013 China: Strong Growth in NPI Yields of Operational Malls Total tenants’ sales growth of +13.8% and +9.8% on psm basis
NPI Yield on Cost (%) Yield Tenants’ Sales Cost 1 Year of Number Effective (100% basis) Improvement (psm) Growth (100% basis) Opening of Malls Stake (RMB mil) YTD Sep YTD Sep YTD Sep 2013 YTD Sep 2013 2013 2012 vs. YTD Sep 2012 vs. YTD Sep 2012 20052 4 1,213 57.9% 5.5 5.2 +7.0% +12.0% 20063 8 2,987 43.6% 9.7 9.0 +7.6% +2.8% 2007 2 1,827 28.6% 10.1 9.5 +6.4% +11.3% 2008 5 2,934 32.4% 7.8 7.0 +10.6% +17.0% 2009 8 3,932 26.6% 8.1 6.9 +16.1% +9.9% 2010 6 2,511 41.8% 4.2 3.4 +24.6% +7.1% 2011 3 9,228 65.0% 4.6 3.9 +15.9% +20.0% YTD Sep 2013 NPI Yield on Cost Gross Yield on Cost China Portfolio4 7.2% 12.0%
(1) Tenants’ sales are on a same-mall basis (100%) and exclude sales from supermarkets and department stores. (2) Excludes Raffles City Shanghai. (3) Excludes malls under or previously under master lease, namely, CapitaMall Shuangjing, CapitaMall Anzhen, CapitaMall Erqi and CapitaMall Saihan. (4) For property components that were opened before 1 Jan 2012. For more information of our portfolio, please refer to our website: http://www.capitamallsasia.com/en/corporate/investor-relations/property-details
21 CapitaMalls Asia Presentation – 26 November 2013 China Outlook for 2013 and Beyond
. China continues to offer superior
growth opportunities Year of 2005 and earlier Opening 5% . Registered 3Q 2013 GDP growth of 2014 onwards 2006 8% % of Portfolio 26% 7.8%, an acceleration from the 2007 by Effective 3% previous quarter Stakes 2008 . Economic and financial reforms are 4% expected to continue, with priority to 2009 5% grow domestic consumption 61 Malls 2013 2010 . Going forward, CMA is well- 2% 4%
positioned 2012 11% . Necessity shopping to ride on long- 2011 term economic growth and rising 32% incomes NAV: S$4.4 bil . Focus on achieving scalability and (based on effective stake as of 30 Jun 2013 and mall status as of 30 Sep 2013) growth, through project delivery, execution and investments in key Projects Operational Malls gateway cities under development
22 CapitaMalls Asia Presentation – 26 November 2013 East China Region
CapitaMalls Asia Presentation – 26 November 2013Raffles City Shanghai, Shanghai, China Geographic Distribution of Malls in East China
No. of Shopping Malls1 Map of China (includes 4 under development) 12
No. of Cities 7
Yangzhou (Population: 4.6 mil) Total GFA2 (sq m) Kunshan (100% basis) (Population: 1.7 mil) Suzhou (Population: Wuhu 10.5 mil) Shanghai (Population: 3.8 mil) (Population: 23.8 mil) 1.67 mil
Hangzhou (Population: 8.8 mil) Ningbo 3 (Population: 5.8 mil) Total Property Value (100% basis) RMB34.9 bil
Sources: Yangzhou Statistics Bureau, Shanghai Bureau of Statistics, Suzhou Statistical Year Book 2012, Wuhu Statistic Information Network, Statistic Hangzhou, Ningbo Statistics Bureau, Kunshan Statistic Public Sites. Notes: (1) As at 30 Sep 2013. (2) As of 30 Jun 2013. Excludes car park GFA. 24 (3) Includes latest valuation figures at 30CapitaMalls Jun 2013 (where Asia applicable Presentation). – 26 November 2013 Shanghai
CapitaMalls Asia Presentation – 26 November 2013 Hongkou Plaza, Shanghai, China Shanghai
China’s economic, financial and commercial centre and the most cosmopolitan city . Economic and financial centre, and a major administrative, transportation and trading hub . One of the four directly-controlled municipalities, enjoying strong and favourable government support . China’s most cosmopolitan and international city . 2012 key economic statistics: . Total population: 23.8 mil . Shanghai GDP per capita: RMB 85,000 . Disposable income per capita: RMB 40,188 . Total retail sales: RMB 739 bil
Source: Shanghai Bureau of Statistics.
26 CapitaMalls Asia Presentation – 26 November 2013 Shanghai’s Rising Income and Consumption
Strong disposable income per capita & retail sales growth
Disposable income per capita Retail sales
RMB RMB bil 45,000 800 739 40,188 750 40,000 700 678 36,230 650 35,000 600 604 31,838 30,000 550 28,838 517 26,675 500 25,000 450 454
20,000 400 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Source: Shanghai Bureau of Statistics.
27 CapitaMalls Asia Presentation – 26 November 2013 Shanghai Retail Property Market
Occupancy remained steady
. Limited market supply since 1Q 2012 up to 1Q 2013 . High absorption rate for new supplies in 3Q 2013 due to strong demand from fashion, food & beverage and household
Source: Jones Lang Lasalle, Colliers International.
28 CapitaMalls Asia Presentation – 26 November 2013 Raffles City Shanghai
No.268 Xizang Middle Road, Huangpu Location District, Shanghai • 7 levels above ground and 3 levels of basement (including 2 levels of Description arpark) • Mid to high-end, fashionable, young and trendy mall Opening date 2003 GFA (excluding 47,971 sq m car park)1
NLA1 27,673 sq m
No. of car park 474 spaces No. of leases2 148 Occupancy2 100%
Hollister, Watsons, NOVO, Sport 100, Key tenants Food Republic, Physical Fitness
Land use tenure Expiring in Apr 2045
(1) As at 30 Jun 2013. (2) As ot 30 Sep 2013. 29 CapitaMalls Asia Presentation – 26 November 2013 Well Located and Strong Catchment
. Located in the heart of Shanghai and prominently situated in the core area of People’s Square CBD . Close proximity to Nanjing East Pedestrian Road, People’s Square which is a place of interest, Shanghai Municipal’s Offices with high income working professionals . Easily accessible by public and private transportation, sitting at the intersection of 3 subways in Shanghai (Subway Lines 1, 2 and 8)
Line 2 Line 8 Line 1
People’s Square Interchange
Shanghai Urban Raffles Planning Exhibition City Center Shanghai
People’s Park office office Shanghai Government People’s Square Shanghai Museum
30 CapitaMalls Asia Presentation – 26 November 2013 Comprehensive Retail Offerings
Full occupancy by strong and diversified brands
Fashion Food & Beverage
Beauty & Health Others
CapitaMalls Asia Presentation – 26 November 2013 31 An Iconic Mall in Shanghai
Attracting retailers to open their first stores in China
32 CapitaMalls Asia Presentation – 26 November 2013 AEI in the Basement
AEI started in Sep 2012 and completed in Jan 2013 Before (7 kiosks)
After (Bread Talk and Toast Box)
First Toast Box in Shanghai 33 CapitaMalls Asia Presentation – 26 November 2013 AEI in the Basement (Continued)
Refreshing tenants’ shop fronts to increase shopper traffic
Before
After
34 CapitaMalls Asia Presentation – 26 November 2013 Hongkou Plaza
No.388 Xijiangwan Road, Hongkou Location District, Shanghai . Targeting middle to high income consumers, with a focus on young adults, working professionals and Description families . 6 levels above ground and 5 levels of basement (including 3 levels of carpark) Opening date 2011 GFA (excluding 147,510 sq m car park)1
NLA1 93,911 sq m
No. of car park 1,100 spaces No. of leases2 497 Occupancy2 97.6% Carrefour, GOME, Jinyi International Key tenants Cinema
Land use tenure Expiring in Sep 2057
(1) As at 30 Jun 2013. 35 (2) As ot 30 Sep 2013. CapitaMalls Asia Presentation – 26 November 2013 Strategic Location and Excellent Accessibility
. Dense population catchment of ~1.8 million residents, targeting customers aged from 25 to 35 . Commuter traffic from direct links to two subway lines in basement 2 and level 4
International Studies University Line 8 North Sichuan Hongkou Plaza Road
North Bund Area
5 km
Lu Jia Zui Area Raffles City Shanghai
36 CapitaMalls Asia Presentation – 26 November 2013 Comprehensive Retail Offerings
97.6% occupancy with strong and diversified brands
Fashion Food & Beverage
Beauty & Health Others
37 CapitaMalls Asia Presentation – 26 November 2013 Tenancy Adjustment in Basement 2
+11% rental reversion after tenancy adjustments
Before
After
38 CapitaMalls Asia Presentation – 26 November 2013 South China Region
CapitaMalls Asia Presentation – 26 November 2013CapitaMall Guicheng, Foshan, China Geographic Distribution of Malls in South China
Map of China No. of Shopping Malls1 8
No. of Cities
Quanzhou 8 (Population: 8.1 mil) Total GFA (sq m)2 Zhangzhou (100% basis) (Population: 4.8 mil) 395,413 Foshan Guangzhou (Population: 7.3 mil) (Population: 12.7 mil) Zhaoqing Total Property Value3 (Population: 4.0 mil) Dongguan (Population: 1.9 mil) (100% basis)
Maoming RMB5.03 bil (Population: 7.5 mil) Zhanjiang (Population: 7.1 mil)
Sources: Guangdong Statistics Bureau , Fujian Statistics Bureau, Guangzhou Statistics Bureau Notes: (1) As at 30 Sep 2013. (2) As of 30 Jun 2013. Excludes car park GFA. 40 (3) Includes latest valuationCapitaMalls figures at 30 JunAsia 2013 Presentation (where applicable – 26); including November the new 2013 project CMA acquired in Guangzhou.
Guangdong
CapitaMalls Asia Presentation – 26 November 2013 CapitaMall Dongguan, China Guangdong
Anchor province of the dynamic Pearl River Delta Economic Zone
. One of the first provinces open to foreign investment . One of the fastest-growing provinces Pearl River Delta in China – GDP grew 8.2% in 2012 Economic Zone . 9 cities from Guangdong are in the Pearl River Delta Economic Zone, forming China’s most dynamic region . Rapid urbanisation and burgeoning city populations in the Pearl River Delta Economic Zone have created a highly attractive consumer market . In 2012, the GDP of Pearl River Delta Economic Zone reached RMB4.79 trillion, accounting for 9.2% of China’s GDP
Cities with CMA’s presence 表示Capitamall已进驻的城市 42 CapitaMalls Asia Presentation – 26 November 2013 Guangdong Economic Indicators
2012 Economic Indicators Growth Value (%, y-o-y)
Gross Domestic Product (RMB bil) 5,707 8.2%
- Primary industry (RMB bil) 285 3.9%
- Secondary industry (RMB bil) 2,783 7.6%
- Tertiary industry (RMB bil) 2,639 9.2% Guangdong
Per capita GDP (RMB) 54,095 7.4%
Fixed asset investments (RMB bil) 1,931 15.5%
Retail sales (RMB bil) 2,268 12% Guangdong Fact File
Inflation (Consumer Price Index, %) 103 2.8% Population: 106 mil
Exports (US$ bil) 574 7.9% Land area: 179,800 sq km
Imports (US$ bil) 410 7.4%
Utilized FDI (US$ bil) 24 8%
Source: Guangdong Statistics Bureau Note: All GDP growth rates are in nominal terms 43 CapitaMalls Asia Presentation – 26 November 2013 Our Presence in Guangdong
GFA (sq m) : 44,489 GFA (sq m) : 49,115 NLA (sq m) : 32,929 NLA (sq m) : 36,718 Occupancy : 98.7% Occupancy : 99.9%
Valuation (mil) : RMB 540 Valuation (mil) : RMB 396
Year of opening : 2006 CapitaMall Guicheng Year of : 2009 Opening CapitaMall Dongguan
7 GFA (sq m) : 44,840 NLA (sq m) : 32,917 6 Occupancy : 99.4% 1 2 3 51 GFA (sq m) : 86,000 Valuation (mil) : RMB 306 NLA (sq m) : N.A CapitaMall Occupancy : N.A Year of opening : 2009 Zhaoqing 4 Valuation (mil) : RMB 2,650 5 Mall at Baiyun Year of opening : 2014* Greenland Centre
GFA (sq m) : 47,266 NLA (sq m) : 33,371 GFA (sq m) : 37,882
Occupancy : 98.9% NLA (sq m) : 28,393 Occupancy : 99.0% Valuation (mil) : RMB 326 CapitaMall Valuation (mil) : RMB 264 Year of opening : 2008 Zhanjiang Year of opening : 2006 CapitaMall Maoming Note: Data are as at 30 Jun 2013 except for Project Diamond 44 * Open phase by phase since 2014 CapitaMalls Asia Presentation – 26 November 2013 Extending Footprint in South China
Anchor province of the dynamic Pearl River Delta Economic Zone
Mall at Baiyun Greenland Centre
CapitaMall Zhaoqing CapitaMall Guicheng CapitaMall Dongguan
45 CapitaMalls Asia Presentation – 26 November 2013 New Acquisition in Guangzhou
Artist Impression (subject to change)CapitaMalls Asia Presentation – 26 November 2013 Baiyun New Town & Baiyun District Snapshot
. Baiyun District is the most populous district in Guangzhou with a total residential population of 2.2 million
Baiyun . It has the fifth largest GDP in Guangzhou with 13.3% CAGR over District the past 5 years . The total retail sales reached RMB76.03 billion in 2012 with 15.9% CAGR over past 5 years . Organizations headquartered in the Baiyun District include China Southern Airlines and the Guangdong Airport Authority
. Baiyun New Town is positioned as the new regional centre of northern Guangzhou Baiyun New Town . It is ~8 km from the central business district at Pearl River New Town and 23 km from Guangzhou Baiyun International Airport . This 9 sq km new town includes high-end residential developments, a new commercial center, cultural Pearl River New Town and leisure facilities
47 CapitaMalls Asia Presentation – 26 November 2013 Economic Strength of Guangzhou
Guangdong has delivered highest GDP for 24 consecutive years
RMB’ trillion 6.0 Province GDP 5.0 4.0 3.0 5.71 5.41 5.00 2.0 CHINA 3.46 2.98 1.0 2.66 2.48 2.38 2.23 2.22 0.0
Guangdong Province Guangzhou has the 2nd largest GDP per capita and top consumer spending per capita among the 4 first-tier cities
RMB’ trillion RMB’000 RMB’000 140 City GDP per Consumer Spending per Guangzhou 2.5 City GDP 35 120 capita 30 capita 2 100 25 1.5 80 20 123.25 1 2.01 60 105.86 15 30.49 1.78 87.09 26.73 26.25 24.05 1.36 1.30 40 85.00 10 0.5 20 5 0 0 0
Core Area • Guangzhou’s retail sales of consumer goods increased 15.2% in 2012 over previous year, faster than Shanghai (9%) and Beijing (11.6%) • GDP grew 10.5% in 2012 year-on-year, higher than Shanghai (7.5%) and Beijing (7.7%)
Source: Statistics Bureaux of Beijing, Shanghai, Guangzhou, Shenzhen, Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Hebei, Liaoning, Sichuan, Hubei, Hunan, 2012. 48 CapitaMalls Asia Presentation – 26 November 2013 Investment Rationale
1 Attractive landmark shopping mall
. Strategically located in the core commercial centre of Baiyun District
. Large catchment with strong spending power
. Differentiated retail offerings for underserved shoppers and retailers
2 Steadfast project execution and delivery
. Targeted phased opening from 2014
3 Build scale in key gateway cities
. Strategic entry into a first-tier city in South China
. Cluster of 4 shopping malls1 within an hour’s drive
(1) The four malls are CapitaMall Dongguan, CapitaMall Guicheng, CapitaMall Zhaoqing and this subject property.
56 CapitaMalls Asia Presentation – 26 November 2013 Project Details
Located at the intersection of Yuncheng West Road and Qixin Location Road in the Baiyun New Town, Strata Guangzhou Office
An eight-storey shopping mall Subway (from Basement 2 to Level 6), Description Strata Retail Subject that is part of an integrated Property Property development1 39,780 sq m Site Area (entire integrated development) Land Use Tenure 40 years, expiring in 2051 GFA (excluding car ~86,000 sq m park) Subway No. of Car Park Spaces ~1,620 in total2
Project Acquisition Cost ~RMB 2,191 mil
Subject Total Investment Cost ~RMB 2,646 mil Property
Targeted Opening From 2014 in phases
(1) The integrated development also comprises an office tower (73,887 sq m) and a retail podium (37,192 sq m), both of which have been strata-titled and sold. (2) Refers to the number of total parking spaces in the entire integrated development project. 50 CapitaMalls Asia Presentation – 26 November 2013 Thank You
Thank You
For enquiries from analysts & investors, For enquiries from Hong Kong/China analysts, please contact please contact: Teng Li Yeng Maggie Huang Investor Relations Investor Relations Tel: (65) 6826 5357 Tel: (86) 10-5879 9018 Email: [email protected] Email: [email protected]
CapitaMalls Asia Presentation – 26 November 2013