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OUE Commercial Real Estate Investment Trust (“OUE C-REIT”) was established with the principal investment strategy of investing in a portfolio of income-producing real estate used primarily for commercial purposes in the financial and business hubs in key gateway cities. OUE C-REIT is managed by OUE Commercial REIT Management Pte. Ltd. (the “Manager”). The Manager’s objective is to provide unitholders of OUE C-REIT with regular and stable distributions, and to achieve long-term sustainable growth in DPU and NAV per unit, while maintaining an appropriate capital structure. OUE C-REIT’s portfolio comprises four strategically located office properties in Singapore and Shanghai with a total assets-under- management of S$4.5 billion and net lettable area of more than 2.0 million square feet: • OUE Bayfront, a premium Grade A building located at Collyer Quay between the Marina Bay downtown and Raffles Place financial hub in Singapore's CBD; • One Raffles Place, an integrated commercial development comprising two Grade A office towers with a retail mall located in the heart of Singapore's CBD at Raffles Place; • OUE Downtown Office, Grade A office space at OUE Downtown, a recently refurbished mixed-use development with Grade A offices, a six-storey retail mall and serviced residences located at Shenton Way in Singapore; and • Lippo Plaza, a Grade A commercial building located in the business district of Huangpu, one of Shanghai's established core CBD locations OUE BAYFRONT ONE RAFFLES PLACE OUE DOWNTOWN LIPPO PLAZA PORTFOLIO OVERVIEW Property Landmark premium Prominent, iconic Newly refurbished Located in Huaihai Road Description Grade A commercial integrated development mixed-use development precinct, Shanghai's property located between strategically located at located in Shenton Way, prime commercial area Marina Bay downtown Raffles Place. at the financial corridor in the established and Raffles Place. between Raffles Place Huangpu district. and Tanjong Pagar. net Lettable Office : 35,298.3 Office : 57,043.1 Office : 49,239.0 Office : 33,538.6 Area (sq m) Retail : 1,830.1 Retail : 9,227.4 Retail : 5,685.9 Overall : 37,128.4 Overall : 66,270.5 Overall : 39,224.5 Committed Occupancy 96.0% 96.6% 93.9% 87.6% (31 mar 2019) Valuation S$1,173.1m S$1,813.5m (1) S$920.0m (2) S$595.0m (3)(4) (31 Dec 2018) Completion Year 2011 Office (Tower 1) Downtown: 1986 1 :Office 1974 : 1999 Office (Tower 2) Downtown: 2012 2 :Refurbishment 1994 : 2010 Retail Refurbishment : 2014 Major Refurbishment : 2017 (1) Based on OUB Centre Limited's 81.54% interest in One Raffles Place. OUE C-REIT has an indirect 83.33% interest in OUB Centre Limited held via its own wholly-owned subsidiaries (2) Valuation without income support (3) Based on 91.2% strata ownership of Lippo Plaza (4) Based on SGD: CNY exchange rate of 1:4.958 as at 31 March 2019 PORTFOLIO COMPOSITION BY ASSET VALUE (1) BY REVENUE (2) BY SEGMENT (2) One Raffles Place 36.0% One Raffles Place 34.7% OUE Bayfront 27.9% OUE Bayfront 32.2% Office 88.8% OUE Downtown 21.9% OUE Downtown 19.2% Retail 11.2% Lippo Plaza 14.2% Lippo Plaza 13.9% (1) Based on independent valuations as at 31 December 2018 and OUE C-REIT's proportionate interest in One Raffles Place (2) For 1Q 2019 and based on OUE C-REIT's attributable interest in One Raffles Place DISTRIBUTION SINCE IPO (S$ Million) +3.8% +1.9% +20.1% 70.0 71.3 67.4 +13.5% (4) 56.1 45.9 26.0 FY2014 (3) FY2015 FY2016 FY2017 FY2018 1Q 2019 (3) Period commencing from OUE C-REIT’s listing date of 27 January 2014 to 31 December 2014 (4) Growth rate from FY2014 to FY2015 is calculated based on annualised amount available for distribution for the period from OUE C-REIT’s listing date of 27 January 2014 to 31 December 2014 CAPITAL MANAGEMENT (S$ Million) DEBT MATurITY PrOFILE CAPITAL MANAGEMENT (AS At 31 MAr 2019) 612 Aggregate Leverage 39.4% Total Debt S$1,685m(5) 258 % Unsecured Debt 62.2% 328 Weighted Average Cost of Debt (6) 3.5% p.a. 26 Average Term of Debt 3.3 years 150 150 157 % Fixed Rate Debt 71.6% 5 Average Term of Fixed Rate Debt 2.1 years 2019 2020 2021 2022 2023 2024 Interest Cover Ratio 3.3x Unsecured SGD Loan Share of OUB Centre Limited’s Unsecured SGD Loan Secured RMB Loan Secured SGD Loan Medium-Term Note (5) Including share of OUB Centre Limited's loan (6) Including amortisation of debt establishment costs The information in this fact sheet is based on OUE C-REIT's financial results announcement for the period ended 31 March 2019, unless otherwise stated. Important Notice: This fact sheet is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in OUE C-REIT (“Units”). The value of Units and the income from them, if any, may fall or rise. The Units are not obligations of, deposits in, or guaranteed by, OUE Commercial REIT Management Pte. Ltd. as the Manager of OUE C-REIT, or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. The past performance of OUE C-REIT is not necessarily indicative of the future performance of OUE C-REIT. OUE COMMERCIAL REIT MANAGEMENT PTE. LTD. 50 Collyer Quay, #04-08 OUE Bayfront, Singapore 049321 T: (65) 6809 8700 F: (65) 6809 8701 E: [email protected].
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