General Announcement::CapitaMall Trust - "Presentation Slides for Citi Asean Invest... Page 1 of 1 General Announcement::CapitaMall Trust - "Presentation Slides for Citi Asean Investor Conference 2014 - 13 June 2014" Issuer & Securities Issuer/ Manager CAPITAMALLS ASIA LIMITED Securities CAPITAMALLS ASIA LIMITED - SG1Z05950543 - JS8 Announcement Details Announcement Title General Announcement Date & Time of Broadcast 12-Jun-2014 17:22:19 Status New CapitaMall Trust - "Presentation Slides for Citi Asean Investor Announcement Sub Title Conference 2014 - 13 June 2014" Announcement Reference SG140612OTHRR4HE Submitted By (Co./ Ind. Name) Choo Wei-Pin Designation Company Secretary CapitaMalls Asia Limited's subsidiary, CapitaMall Trust Management Description (Please provide a detailed Limited, the manager of CapitaMall Trust, has today issued an description of the event in the box below) announcement on the above matter, as attached for information. Attachments CMTSlidesCitiAseanInvestorConference2014.pdf Total size =4364K Like 0 Tweet 0 0 http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announcem... 12-Jun-14 Swee Seng, Singapore Seng, Swee Swee Seng, Singapore Seng, Swee Kwek Kwek Photo Credit: Photo Photo Credit: Photo CAPITAMALL TRUST Singapore’s First & Largest REIT Citi Asean Investor Conference 2014 13 June 2014 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 CapitaMall Trust Management Limited (the “Manager”) 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 CapitaMall Trust (“CMT”) is not indicative of the future performance of CMT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager. The value of units in CMT (“Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). It is intended that unitholders of CMT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units. 2 Citi Asean Investor Conference 2014 *June 2014* Contents . Key Highlights and Financial Results . Portfolio Updates . Asset Enhancement Initiatives . Acquisitions & Development . Looking Forward . Annexes 3 Citi Asean Investor Conference 2014 *June 2014* Key Highlights and Financial Results Citi Asean Investor Conference 2014 *June 2014* Bugis Junction/Bugis+ Review of 1Q 2014 • Operational performance – 172 new leases/renewals achieved with 6.2% positive rental reversion – 98.8% portfolio occupancy rate as at end-March 2014 – Tenants’ sales per square foot (“psf”) decreased by 4.0% year on year – Shopper traffic decreased by 1.9% year on year • Update on asset enhancement initiatives (AEIs) and greenfield developments – JCube: Strengthening position as a leisure and entertainment focused mall – IMM Building: Embarking on Phase 2 AEI to house more outlet stores – Westgate: Committed occupancy at 92% and opening of Westgate Wonderland on 26 February 2014 • Divestment of Westgate Tower – Options to purchase Westgate Tower have been exercised by a consortium on 23 January 2014 • Proactive capital management – Issued 7-year ¥5.0 billion floating rate notes swapped into S$62.0 million at fixed rate of 3.148% p.a. – Issued 7-year S$350.0 million retail bonds at interest rate of 3.08% p.a. 5 Citi Asean Investor Conference 2014 *June 2014* 1Q 2014 Distributable Income Up 4.5% Y-o-Y Distributable Income (S$ mil) (1) (2) Distributable Income Distribution Per Unit (DPU) 89.1 85.3 S$89.1 (1) 2.57 million cents 4.5% Y-o-Y 4.5% Y-o-Y 1Q 2014 1Q 2013 DPU (cents) Annualised DPU Annualised Distribution 2.57 2.46 Yield 10.42 5.24 cents % 1Q 2014 1Q 2013 (Based on unit price of S$1.990 on 4.4% Y-o-Y 22 April 2014) (1) For 1Q 2014, CMT had retained S$8.0 million of its taxable income available for distribution to Unitholders for distribution in FY 2014. Capital distribution and tax exempt income of S$5.3 million received from CapitaRetail China Trust (“CRCT”) in 1Q 2014 had also been retained for general corporate and working capital purposes. (2) For 1Q 2013, CMT had retained S$6.6 million of its taxable income available for distribution to Unitholders for distribution in FY 2013. Tax-exempt income received from CRCT of S$1.8 million in respect of the period 2 November to 31 December 2012 had also been retained for general corporate and working capital purposes. 6 Citi Asean Investor Conference 2014 *June 2014* 1Q 2014 Gross Revenue Increased by 5.8% versus 1Q 2013 On Comparable Mall Basis(1), 1Q 2014 Gross Revenue Up 6.1% Y-o-Y (2) CMT Portfolio 164.7 155.6 18.6 Tampines Mall 17.7 5.8% Junction 8 14.0 13.5 8.1 Funan DigitaLife Mall 8.1 19.6 IMM Building 18.1 22.2 Due mainly to: Plaza Singapura 19.9 • Higher occupancy at Plaza Singapura and 19.1 Bugis Junction The Atrium@Orchard 18.7 8.9 • Completion of Phase 1 AEI at IMM Building JCube 8.3 10.7 Lot One Shoppers' Mall 10.4 6.6 Bukit Panjang Plaza 6.3 13.2 The Atrium@Orchard 11.8 9.6 Clarke Quay 9.4 8.2 1Q 2014 1Q 2013 Bugis+ 7.8 (3) Other Assets 5.9 5.6 S$ million (1) Exclude IMM Building (which underwent Phase 1 AEI from May 2012 to June 2013) and Bugis Junction (which has been undergoing Phase 2 AEI since March 2014). (2) 1Q 2013 excludes the 40.0% interest in Raffles City Singapore following the adoption of FRS 111 Joint Arrangements. (3) Include Sembawang Shopping Centre and Rivervale Mall. 7 Citi Asean Investor Conference 2014 *June 2014* 1Q 2014 Operating Expense Increased by 7.1% versus 1Q 2013 On Comparable Mall Basis(1), 1Q 2014 OPEX Up 7.5% Y-o-Y (2) CMT Portfolio 50.4 47.1 4.9 7.1% Tampines Mall 4.4 4.0 Junction 8 3.9 2.8 Funan DigitaLife Mall 2.6 6.6 IMM Building 6.4 5.6 Plaza Singapura 5.0 Due mainly to higher property tax at Bugis Junction 6.3 Plaza Singapura, JCube and Tampines Mall 5.9 3.3 JCube 2.8 3.2 Lot One Shoppers' Mall 3.1 2.2 Bukit Panjang Plaza 2.2 3.0 The Atrium@Orchard 2.9 3.6 Clarke Quay 3.4 2.5 Bugis+ 2.4 1Q 2014 1Q 2013 (3) Other Assets 2.4 2.1 S$ million (1) Exclude IMM Building (which underwent Phase 1 AEI from May 2012 to June 2013) and Bugis Junction (which has been undergoing Phase 2 AEI since March 2014). (2) 1Q 2013 excludes the 40.0% interest in Raffles City Singapore and 30.0% interest in Westgate and Westgate Tower following the adoption of FRS 111 Joint Arrangements. (3) Include Sembawang Shopping Centre and Rivervale Mall. 8 Citi Asean Investor Conference 2014 *June 2014* 1Q 2014 Net Property Income Increased by 5.3% versus 1Q 2013 On Comparable Mall Basis(1), 1Q 2014 NPI Up 5.5% Y-o-Y (2) CMT Portfolio 114.3 108.5 13.7 Tampines Mall 13.3 5.3% 10.0 Junction 8 9.6 5.3 Funan DigitaLife Mall 5.5 13.0 IMM Building 11.7 16.6 Plaza Singapura 14.9 Bugis Junction 12.8 12.8 5.6 JCube 5.5 7.5 Lot One Shoppers' Mall 7.3 4.4 Bukit Panjang Plaza 4.1 10.2 The Atrium@Orchard 8.9 6.0 Clarke Quay 6.0 5.7 Bugis+ 5.4 1Q 2014 1Q 2013 (3) 3.5 Other Assets 3.5 S$ million (1) Exclude IMM Building (which underwent Phase 1 AEI from May 2012 to June 2013) and Bugis Junction (which has been undergoing Phase 2 AEI since March 2014). (2) 1Q 2013 excludes the 40.0% interest in Raffles City Singapore and 30.0% interest in Westgate and Westgate Tower following the adoption of FRS 111 Joint Arrangements.