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Sungei Wang Plaza Property and (Iii) the Mines

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Sungei Wang Plaza Property and (Iii) the Mines NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. CapitaMalls Asia Receives Approval from Securities Commission to List CapitaMalls Malaysia Trust in Malaysia Singapore • China • Malaysia • Japan • India MEDIA AND ANALYST BRIEFING 11 JUNE 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Important This presentation is for information only. It does not constitute an offer, solicitation or invitation to purchase or subscribe for or solicitation of the units in Singapore, the United States, Malaysia or any other jurisdiction nor should it or any part of it form the basis of, or be relied in any connection with, any contract or commitment whatsoever. The information in this presentation is qualified in its entirety by, and is subject to, the more detailed information to be set out in the final prospectus (the "Final Prospectus") to be registered with the Securities Commission of Malaysia (“SC”). The information presented in this presentation is subject to change. Anyone wishing to purchase the units should read the Final Prospectus before deciding whether to purchase the units and will need to make an application in the manner set out in the Final Prospectus. Any decision to purchase the units should be made solely on the basis of information contained in the Final Prospectus and no reliance should be placed on any information other than that contained in the Final Prospectus. The value of the units and the income derived from them may fall as well as rise. The units are not obligations or, deposits in, or guaranteed by CapitaMalls Asia, Menang Investment Limited (the “Offeror”), CapitaMalls Malaysia REIT Management Sdn Bhd (the “Manager”), AmTrustee Berhad (the “Trustee”), the underwriters, the bookrunners or any of their respective affiliates. An investment in the units will be subject to investment risks, including without limitation, risks relating to the properties, risks relating to CMMT’s operations and risks relating to investing in real estates and including the possible loss of the principal amount invested. Investors will have no right to request that the Manager redeem or purchase the units while the units are listed. It is intended that unitholders may only deal in their units through trading on the Bursa Securities. Listing of the units on the Bursa Securities does not guarantee a liquid market for the units. This presentation may contain forward-looking statements that involve risks and uncertainties. Any 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. Under no circumstances should the inclusion of such information herein be regarded as a representation, warranty or prediction with respect to the accuracy of the underlying assumptions by CapitaMalls Asia, the Offeror, the Manager, the Trustee or any of their respective affiliates or any other person or that these results will be achieved or are likely to be achieved. Potential investors are cautioned not to place undue reliance on these forward-looking statements, which are based on CapitaMalls Asia’s current view of future events. These materials are not for publication or distribution, directly or indirectly, in or into the United States or Malaysia. These materials are not an offer of securities for sale into the United States, Canada, Japan, Malaysia or elsewhere. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("the Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act), except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States. 2 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Contents • Receives Approval from Securities Commission of Malaysia (SC) to List CapitaMalls Malaysia Trust (CMMT) in Malaysia • Transaction Rationale • CMMT • Overview of Public Offering 3 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* CapitaMalls Asia Receives Approval from SC to List CMMT in Malaysia 4 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART Receives Approval IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. from SC to List CMMT in Malaysia CapitaMalls Asia has received approval from the SC to list CMMT on the Main Market of Bursa Malaysia Securities Berhad CMMT – REIT established with objective of investing in real estate primarily used for retail purposes and located primarily in Malaysia Initial property portfolio: (i) Gurney Plaza (ii) Sungei Wang Plaza Property and (iii) The Mines CapitaMalls Asia will retain between 33.00% and 41.74% stake in CMMT and a 70.00% stake in CapitaMalls Malaysia REIT Management, the REIT Manager post listing CapitaMalls Asia’s final decision on whether to proceed with the proposed listing depends on a number of factors, including prevailing market conditions 5 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* Transaction Rationale 6 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Transaction Rationale 1 Malaysia is a key market for CapitaMalls Asia 2 Malaysia’s fragmented market offers significant growth opportunities Planned listing provides avenue for CapitaMalls Asia to accelerate growth 3 opportunities in Malaysia CapitaMalls Asia has built up strong local management team with 4 track record of successful asset enhancements 7 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Positive Momentum in Malaysia’s Economy Resilient GDP growth and strong domestic consumption Favourable demographics Malaysia GDP growth Malaysia population breakdown by age group 10.1% Q-on-Q growth in the first quarter of 2010 8.0% Average 4.4% growth from 1998 to 2009 30 0–20 20–50 50 above Forecast 4.5–5.5% growth for 2010 and 5.0–5.5% for 2011 and 2012 4.9 4.4 4.5 4.7 6.0% 25 3.9 4.0 4.2 20 4.0% 12.4 12.6 11.4 11.6 11.8 12.0 12.2 15 c. 43% of the population in the 20–50 group 2.0% 10 Population Population (in millions) 0.0% 5 11.1 11.2 11.3 11.4 11.5 11.7 11.8 (2.0)% 0 2006 2007 2008 2009 2010E 2011E 2012E 2006 2007 2008 2009 2010E 2011E 2012E Transitioning into a high income nation Strong tourism arrivals and receipts Malaysia GDP per capita (RM) 20,780 Tourist arrivals (in million) Tourist receipts (RM billion) 20,031 30 70 19,354 19,402 59.4 25 53.4 60 18,811 18,703 46.1 49.6 36.3 50 18,018 20 24.6 23.6 40 15 22.0 20.9 30 10 17.5 20 5 10 0 0 2006 2007 2008 2009 2010E 2011E 2012E 2006 2007 2008 2009 2010E Source: Knight Frank. 8 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART Malaysia’s Fragmented and IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Relatively Under-Supplied Market offers Growth Opportunities Highly fragmented ownership plus low retail space per capita provides significant opportunities for growth by acquisition Shopping malls ownership in Malaysia Fragmented ownership of % of total NLA for shopping centres % of total NLA for shopping centres shopping malls in Entities that own more than 1 mall Strata unit sales Entities that own 1 mall Own more than 75% of 1 mall Own 1 mall (100%) Malaysia Own more than 1 mall Most competitors are 2% 26% single shopping mall 54% owners 98% 74% 24% Potential for ownership consolidation 14% 8% KL Selangor Penang Island Retail space per capita (sq ft) (2009) 45.2 22.6 10.9 10.8 5.8 2.9 3.5 Malaysia Selangor Penang Kuala Lumpur Singapore Australia US Source: Knight Frank (Malaysian data), Urbis (overseas data) 9 CapitaMalls Asia Receives Approval to List CMMT in Malaysia *11 June 2010* NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, MALAYSIA, CANADA OR JAPAN. Planned Listing allows CapitaMalls Asia to Realise Growth Opportunities in Malaysia CapitaMalls Asia level: Recycle cash of approximately S$200 million to fuel growth ability to acquire assets CMMT level: Available debt headroom of RM630 million 1 Growth Opportunities Malaysia’s fragmented shopping mall market offers Increase Assets acquisition opportunities Under Management Incubator/Development Funds Increase REIT Asset Enhancement Initiatives Management Fees Transaction in line with CapitaMalls Asia’s strategy to achieve growth through capital productivity Strong track record Integrated retail and capital management expertise Experienced management team On the ground localisation policy 1 Gearing level of 34.3% at IPO. CMMT will be able to acquire assets of up to RM630 million through 100% debt financing before gearing level reaches 50%, borrowing limits as set out in REITs Guidelines issued by the Securities Commission of Malaysia.
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  • Media Release
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