Capitamalls Asia Limited Asia’S Leading Mall Developer, Owner and Manager
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CapitaMalls Asia Limited Asia’s Leading Mall Developer, Owner and Manager Singapore •China •Malaysia • Japan •India Acquisition of Shopping Mall in Guangzhou 20 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. 2 CapitaMalls Asia Limited Presentation – 20 November 2013 Contents • Executive Summary • Project Highlights • Investment Rationale • Appendix 3 CapitaMalls Asia Limited Presentation – 20 November 2013 Executive Summary CMA acquires 1st shopping mall in Guangzhou, capital city of Guangdong province Landmark shopping mall strategically located in thriving Baiyun District Direct connection to subway Line 2 and future Line 12 Quality retail space and differentiated offering to meet untapped demand Targeted phased opening from 2014 Acquisition to enhance CMA’s presence in key gateway cities, building meaningful scale and long-term growth 4 CapitaMalls Asia Limited Presentation – 20 November 2013 Project Highlights CapitaMalls Asia Limited Presentation – 20 November 2013 Artist Impression (subject to change) 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 Description (from Basement 2 to Level 6), that is Strata Retail Subject part of an integrated development1 Property Property 39,780 sq m Site Area (entire integrated development) Land Use Tenure 40 years, expiring in 2051 GFA (excluding car park) ~86,000 sq m Subway No. of Car Park Spaces ~1,620 in total2 Project Acquisition Cost RMB 2,191 mil ~RMB 2,646 mil Subject Total Investment Cost 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. 6 CapitaMalls Asia Limited Presentation – 20 November 2013 Location and Surrounding Guangzhou Art Museum, Urban Planning Museum G5 High-end Residential Cultural Centre Guangzhou Children Park Int’l Conference Center Commercial Centre G5 Mall Guangzhou Stadium Subject Subway Property Station Baiyun Wanda Plaza 7 CapitaMalls Asia Limited Presentation – 20 November 2013 Strategically Located in Northern Guangzhou Strong economic fundamentals with good growth potential • Baiyun District – thriving region with healthy economic fundamentals Guangzhou’s most populous district with >2.2 mil people GDP ranks 5th amongst Guangzhou’s 12 districts Urban disposable income per capita of RMB 37,028 is higher than Beijing, growing at an average of 11.1% p.a. Aviation hub of south China; robust economic base underpinned by aerospace and logistics industries, as well as tertiary services GDP Retail Sales Urban Disposable Income per Capita RMB’mil RMB' mil RMB'000 14 37 8 7.60 40 11.90 33 12 10.76 6.69 35 7 30 9.39 5.80 10 6 30 27 8.09 4.79 24 8 7.22 5 4.21 25 4 20 6 3 15 4 2 10 2 1 5 0 0 0 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 2008 2009 2010 2011 2012 Source: Baiyun District Statistics Bureau, Guangzhou, 2012 8 CapitaMalls Asia Limited Presentation – 20 November 2013 Strategically Located in Northern Guangzhou Excellent connectivity and accessibility via public transport Zhixing Yangshen Xinhe Taiping Shengang Jiaocun Jiangpu Jiekou Sports Vally Wenquan Vally Feieling Huadu Car Guangzhou Huacheng Huaguo Huadu Ma’anshan Qingbu Airport Guangzhou Baiyun Town North Road Park Square Park South Liangkou • Direct subway connection Station Gaozeng Zhishicheng InternationalShihu AirportNorth Baiyun Village Lake Renhe Licheng Zhishicheng Dongping to interchange of key Tinggang Longgui Jingkeng Zhenlong Zhucun Licheng West Zhishicheng Zengcheng Henan Yongtai South Shijing Zhenlong West Zhongxin Hantang Square Tonghe Changping Huangshi Huangbian Jiahewang Baiyun Ave Zengcheng subway lines Huanggang Pingsha Jiangxia gang North Statium Village Southern Hezui Julong Changxi Gangbei Hospital LineLine 22 Longdong kemuai Gaotang Huangpo Xiangshan Kexue Wengang Luogang Xiangxue Xiangxue Yonghe Stone Road Town Park Line 12 Meihua East Guangben Direct access to Baiyun Park Science Henglv Park Zhuji Institution Road Shitang Songbei Tianpingjia Wushan Tongdewei Xunfenggang Xiatangxi subway station at Basement 1 Yantang Tianhe Ziyuangang Shaheding Shahe Station Xiancun Hengzhigan Huashi Guangzhou Railway Huanghuag Tianhe East g ang and 2 Guangzhou Shapu E. Railway Station Xiaobei Taojing Quzhuang Sports Gangding Station Xintang Zoo Park Centre Youkesuo Shabei Linhexi North Xichang Yuexiu Park Cangbian Nonglinxia Tiyu W. Shipaiqiao Xiangjingling Tangguan Baiyun Station is to be Tianhe Park Road Jiansheliu Rood Road Xintang Shipai South Jida Tangdong Chepo Provincial and Yangbo Dongzhou Southern interchange for Line 2 and Paper City Government Nongjiangsuo lieshilingyu Dongshankou Peral River New Town Zhucun an Wenyong Siyou Haizhu Square Road Wuyangtun upcoming Line 12 Lukou Ruyifang Ershan Chepo East Pearl River Yide Rd Beijing Road Yuexiu South Island South Nangang Lake Sanxi Dashadi Dasha East Wenchong Huakeng Huangsha Culture Lion Hill Park New Town CBD Dongpu Yuzhu Shuanggang Shiweiqiang Chigang Xiayuan Tower Line 2 connects to Guangzhou Tangtou Tongfu Pearl River Fangcun West Swimming Bingjiang Xingang Fengle Pool East Wenyuan Miaotou Xiagang Phinex New Chigang Modiesha East Pizhou Road Foshan West Village Huadihai Railway Station, Guangzhou Railway Xiaogang Zhongda Lujiang Kecun Xinzhou Station Changgang Huangpu Chishawo Cangtou Shayuan Station Luocun Kengkou Shayong Taiyong Changzhou Baogang Ave Ruibao Qingfang Chifang Jude South High-Speed Railway Jiangtai Road Village cheng Middle School Airport Rd. Hedong Xilang University Town Yangang Yijingcuiyuan Datang Shiliugang Guanzhou East Jiaobian Dongxiaonan Station, and the provincial and Hedong Nanshi East Road Foshan Shixi Railway Nanzhou Lilu city government offices Station Dielu Dongsha Guangzhou University Nanhai Luoxi Xialu Stadium 9 stops from Guangzhou Baiyun Nangui Town Road Qingliu Guicheng Flower Zhenan Chencun Dashi International Airport World Nanzhuang Nanpu Nancun Nansha Port TV Tower Zirun Tunjiao Hanxichanglong Lujing Titian Shencun Huijiang Zhongcun Hezhuang Guantang Weiyong Liantang Xiecun Information Park Shiqiao Zhangcuo Wanhua Guangzhou Tangkeng Xiaoyong South Railway Subject Shiwan Staition Guangzhou South High- Guangzhou New Qianfeng Village Wugang Dongping Town West Property New Towrn Speed Rail Station Jiaomen Jinzhou Dayong Guanglong Lanshi Shijielian Djiao Zicun Beigu Sanhongqi Lunjiao Xingu Daliang Shunde Diefeng Ronggui Ronggui Source: Guangzhou Subway Plan 2020 Station Hill Station 9 CapitaMalls Asia Limited Presentation – 20 November 2013 Large Catchment with Strong Spending Power From immediate and surrounding population • Catchment of ~1.1 mil residents within 3 km • Strong commuters traffic from surrounding residential communities and universities Subway Subway Line 2 Line 14 Guangdong Foreign Language & Trade University 1km Dense Residential High-end Residential Subway Line 12 3km Subject Property Dense Residential Communities Guangzhou Traditional Chinese Medicine University Dense Residential 10 CapitaMalls Asia Limited Presentation – 20 November 2013 Large Catchment with Strong Spending Power Workers and professionals from surrounding upcoming offices Baiyun Culture Square Station Subject Property Baiyun Park Station 1 2 3 Subject Property Subway 1 Future office for China Southern Fei Xiang Park Line 2 Airlines