Investor Meetings November - December 2013 Disclaimer This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and events. 2 2 1 Contents . Introduction . Key Updates . Market Outlook . Going Forward 3 3 Introduction 4 4 2 Key Statistics Share Price : $3.64 (12 Nov 2013) Market Capitalisation : $5.6b (12 Nov 2013) Total Number of Issued Shares : About 1.5b (as at end-Sep 2013) Total Assets : $13.2b (as at end-Sep 2013) Key Indices : FTSE ST Real Estate Index FTSE Asia Pacific ex-Japan Index FTSE All-World Index FTSE EPRA/NAREIT Global Real Estate Index FTSE ST China Top Index FTSE RAFI Index EPRA/NAREIT Index Dow Jones Sustainability Asia Pacific and World Indices 5 Core Businesses Property Development for Sale Property Fund Management . Lifestyle residential developments . Total AUM of $17.3b^ Pan-Asian commercial REIT . Townships AUM : $6.8b . Investment-grade offices Manager of 5 private equity funds . Mixed-developments AUM : $10.5b Waterfront Homes Townships Grade A Offices Mixed-developments Reflections at Keppel Bay The Botanica Ocean Financial Centre, One Raffles Quay Marina Bay Financial Centre ^ When fully leveraged and invested 6 3 Competitive Strengths . In 10 countries and more than 30 cities Extensive Network in Asia . Local presence and good market knowledge . Experienced management team Good Track Record . Proven execution skills and masterplanning expertise . Healthy balance sheet Strong Financial Profile . Diverse sources of funding and loan facilities . High environmental, social and governance (ESG) Strong Commitment in standards Corporate Social Responsibility . Benchmarked against International standards 7 Focus on Core and Growth Markets . Deepen presence in core markets • Singapore Core Core • China : Focus on Shanghai, Beijing, Tianjin, Chengdu, Wuxi . Strengthen position in growth markets • Indonesia : Focus on Jakarta Growth • Vietnam : Focus on Ho Chi Minh City 8 4 Strategy . Scale up in growth cities . Expand commercial portfolio overseas . Grow fund management business . Integrate sustainability into business strategy 9 Reinforce Brand Identity . New tagline : Thinking Unboxed - 思无限, 创非凡 . Commitment to continually innovate and sharpen competitive edge . Innovation inherent in our products, processes and people • Guinness World Record for largest vertical green wall at Ocean Financial Centre • Sliding Integrated Multi-function (SLIM) wall system to provide flexible living spaces at The Glades Largest vertical green wall at Ocean Financial Centre 10 5 International Recognition for CSR Efforts . Among world’s leading sustainable companies • Inclusion in Dow Jones Sustainability World and Asia Pacific Indices 2013/14 for the 3rd and 4th consecutive year respectively • Regional Sector Leader (Office) for 2nd consecutive year in the Global Real Estate Sustainability Benchmark • Top 10 ASEAN Companies in China by the China-ASEAN Business Council • Most Admired ASEAN Enterprise (CSR category) at ASEAN Business Awards 2013 11 Key Updates 12 12 6 Seized Growth Opportunities Grow Core Markets and Seized Opportunity to Recycle Capital . Strategic • Partnered China Vanke : Tap on extensive China network to scale up in growth cities • Strengthened presence in core markets : Invested about $1b YTD in new projects • Singapore : Acquired Tiong Bahru site for about 500 city-fringe homes • China : Grow commercial presence with Life Hub @ Jinqiao in Shanghai ; Acquired prime sites for about 550 landed homes in Shanghai and Tianjin • Unlock value and active capital recycling : Sale of stakes in Jakarta Garden City and Hotel Sedona Manado . Opportunistic • Expansion of Sedona Hotel Yangon to meet demand 13 Key Updates – Singapore 14 14 7 Singapore Well-located Projects Close to MRT Stations 4 5 3 2 1 1. HarbourFront 2. Bayfront (New) 3. Tanjong Pagar 4. Tanah Merah 5. Tiong Bahru Residential Development Corals and Reflections at Keppel Bay Marina Bay Suites Proposed redevelopment The Glades of KTGE Towers Source : Land Transport Authority 15 15 Singapore Capitalise on Proximity to Tanah Merah MRT Station . Launched The Glades in Sep 13 : Over 80 units sold out of 200 units launched . Close to SUTD^, good schools, East Coast Park, golf courses, Changi Business Park, Expo, malls • Near Changi Airport’s Project Jewel : Lifestyle development with indoor garden and retail mall Details Avg Selling Price About $1,450 - $1,500 psf Innovative Features . 1- to 2-bedrooms with movable wall . Loft and dual-key units Sustainable . BCA Green Mark GoldPLUS Development The Glades ^ Singapore University of Technology and Design which is tied up with Massachusetts Institute of Technology 16 8 Singapore Meet Demand for Premium Waterfront Homes . Progressive sales at Corals at Keppel Bay : Sold over 160 units out of 200 units launched • Near HarbourFront MRT Station, CBD, VivoCity and Resorts World Sentosa • Along scenic promenade : Connects to Marina at Keppel Bay and Labrador Nature Park Details Avg Selling Price About $2,200 psf . BCA Green Mark GoldPLUS Sustainable . Inaugural National Parks Development Board’s LEAF certification Corals at Keppel Bay 17 Singapore Developing City-fringe Homes in a Nostalgic Neighbourhood . Close to Tiong Bahru MRT station . Near malls, good schools, F&B outlets and Heritage Conservation Area . Near CBD, Orchard Road, Singapore General Hospital and the Duke-NUS Graduate Medical School campus Details No. of Units 500 units : Mostly 1- to 4-bedrooms (500-1,350 sf) Acquisition Price $550m Expected Launch 1H14 18 9 Singapore Marina Bay Financial Centre to Enjoy Greater Connectivity . Tower 3 : 94.5% committed to-date . Downtown Line Stage 1 to open in Dec 13 • Connects Bayfront station to Bugis, Promenade, Downtown, Telok Ayer and Chinatown Details Tenant Mix 60%:40% mix of financial and non-financial sectors WALE ~8 years Sustainable Development BCA Green Mark GoldPLUS Marina Bay Financial Centre 19 Key Updates – Overseas 20 20 10 China Strong Track Record and Extensive Presence Grew asset size to 44% ($5.8b) of total assets .Over 20 projects across 10 cities Residential .Residential : About 40,000 homes in the pipeline Commercial Shenyang . Commercial : About 377,000 sm GFA in 3 cities Beijing Scale up in high-growth cities Tianjin . Focus : Shanghai, Beijing, Tianjin, Chengdu, Wuxi . Condominiums, villas, townships, waterfront Nantong homes, commercial and eco-developments Jiangyin Chengdu Wuxi Shanghai Strong track record Kunming . Over 22,000 homes sold and over 20,000 homes Zhongshan completed since 2000 21 China Sustained Sales Momentum Continues into Oct . About 330 units sold in Oct 13 . About 3,400 units sold YTD Oct 13 vs 1,650 units in FY12 . Robust sales at The Botanica and The Springdale Units Sold ASP YTD Oct 13 (RMB psm) The Botanica Ph 7, Chengdu The Botanica Ph 7, Chengdu 1,404 8,200 The Springdale Ph 2 and 3, Shanghai 911 12,100 Park Avenue Heights, Chengdu 250 14,500 Stamford City Ph 3, Jiangyin 282 9,500 Seasons Park, Tianjin Eco-City 239 8,900 Central Park City, Wuxi 152 7,500 8 Park Avenue, Shanghai 90 71,500 The Springdale Ph 2, Shanghai 22 11 China New Launches in Nov Well-received . Seasons Residence, Shanghai • Sold over 50 units out of 106 launched units in a week (ASP : RMB 25,000 psm) . New plot at The Springdale, Shanghai • Sold 70 units out of 112 launched units in week (ASP : RMB 14,500 psm) The Springdale Ph 3, Shanghai Seasons Residence, Nanxiang, Shanghai 23 China Developing Prime Landed Homes in Shanghai . Located in prestigious landed enclave in Sheshan • Near international airport, international schools and national park . Well connected by major transportation networks Details GFA Approx 85,000 sm 200 landed homes No. of Units (sizes of 250 - 350 sm) Acquisition Price $266m Expected Launch 2H14 24 12 China Timing New Launches . Nantong : Waterfront Residence (236 landed homes) - In NETDA^ town centre . Chengdu : Hill Crest Villa (274 landed homes) - In an established villa enclave, near airport and future CBD Waterfront Residence, Nantong Hill Crest Villa, Mumashan, Chengdu ^ Nantong Economic & Technological Development Area 25 China Commercial Development in Beijing’s Core CBD . Located in Chaoyang District • Near China World Trade Centre, CCTV^ Tower and 2 MRT stations (World Trade Centre and Yong An Li) . Benefit from limited Grade A supply in CBD core Beijing Commercial Details GFA About 100,000 sm 3 office blocks and Development Type supporting retail Expected Completion 2016 ^ China Central Television 26 13 China Strong Occupancy at Life Hub @ Jinqiao . Over 99% occupied as at end-Sep 13 . Strong shoppers’ traffic and retail sales • Avg footfall of 1.25m visitors a month Details Pudong District, next to Metro Location Line 6 Jinqiao Station Retail : 98,630 sm GFA Office : 16,102 sm Uniqlo, Adidas, Crocs, Paris Key tenants Baguette, Lexus, Mercedes Benz Acquisition Price About RMB28,800 psm^ Life Hub @ Jinqiao ^ Includes net debt 27 Indonesia Active Capital Recycling for Other Opportunities in Jakarta . Unlock value : Expects about $150m gains from sale of stakes in Jakarta Garden City . Remains committed to Indonesia : Focus on Jakarta • Seek residential and commercial development opportunities Jakarta Garden City Divestments Net Proceed Divestment Gain 51% stake in Jakarta Garden City^ About $240m About $152m 50% stake