CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Shareholder Meeting (April 2023)
23 slides from CapitaLand Integrated Commercial Trust's shareholder meeting presentation, Apr 19, 2023
Slide 1: 2023 Annual General Meeting
2023 Annual General Meeting 19 April 2023, 2.30 p.m.
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. 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 incl
Slide 3: Table of Content
Table of Content 04 FY 2022 Highlights 17 ESG Highlights 21 FY 2023 Focus & Outlook
Slide 4: FY 2022 Highlights
FY 2022 Highlights CapitaSky, Singapore
Slide 5: CICT 2022 Milestones
CICT 2022 Milestones ● AEI RCS and Six Battery Road achieved TOP for AEI area ● ASSET ENHANCEMENT ● AEI (AEI) Commenced ● REDEVELOPMENT Commenced transformation of CapitaSpring achieved rejuvenation of Raffles CQ @ Clarke TOP City Singapore (RCS) Quay Late-2021 1Q 2022 2Q 2022 3Q 2022 ● DIVESTMENT ●
Slide 6: Singapore's Easing Safe Management Measures from April 2022
Singapore’s Easing Safe Management Measures from April 2022 ● 1 Apr ● 29 Aug Transition to Vaccinated Travel Further easing of safe Framework management measures ● 1 May All fully vaccinated travellers, Removal of work permit Mask-wearing is no longer except those from MOH’s requirement required in
Slide 7: Higher Year-on-Year Financial Results for FY 2022
Higher Year-on-Year Financial Results for FY 2022 Contributions from completed acquisitions, higher gross rental income and gross turnover boosted NPI, partially offset by higher operating expenses largely from the completed acquisitions and utilities Gross FY 2022 Y-o-Y FY 2022 Y-o-Y Net Property R
Slide 8: Delivered Stable Distribution for FY 2022
Delivered Stable Distribution for FY 2022 Distributable FY 2022 Y-o-Y Distribution FY 2022 Y-o-Y Income S$702.4M ▲ 4.1% per Unit 10.58 cents ▲ 1.7% Distributable Income (S$ million) DPU (cents) (2) 674.7 (1) 702.4 10.40 10.58 2H 2021 338.8 2H 2022 355.1 2H 2021 5.22 2H 2022 5.36 1H 2021 335.9 1H 202
Slide 9: 31 Dec 2022 Valuation Driven by Improving Market Condition and Addition of Completed Acquisitions
31 Dec 2022 Valuation Driven by Improving Market Condition and Addition of Completed Acquisitions in FY 2022 Portfolio Property Value S$24,211(1) ▲ 8.9%(2) Germany, Australia, 4% million Y-o-Y 3% Retail Portfolio Value S$7,196 ▲ 1.0% million Y-o-Y Integrated Development, Office S$9,720 ▲ 17.1% Offic
Slide 10: Proactive Capital Management for Financial Stability and Growth Support
Proactive Capital Management for Financial Stability and Growth Support As at As at 31 December 2022 30 September 2022 Aggregate Leverage(1) 40.4% 41.2% Total Borrowings (S$ billion) 9.6 9.9 % of Borrowings on Fixed Interest Rate 81% 80% % of Total Assets that are Unencumbered 93.5% 93.1% Interest C
Slide 11: Average Term to Maturity at 3.9 Years from Diversified Funding Sources
Average Term to Maturity at 3.9 Years from Diversified Funding Sources Debt Maturity Profile(1) Exclude share of joint ventures’ borrowings S$ million 17% Funding sources as at 31 Dec 2022 1,800 15% MTN 52% 1,701 1,600 13% 1,546 13% Unsecured Bank Loans 40% 12% 12% 1,400 299 1,296 1,296 10% Secured
Slide 12: Improving Portfolio Operational Performance
Improving Portfolio Operational Performance PORTFOLIO Stable Lease Expiry Profile with WALE(3) at 3.7 years, 95.8% longer than 3.2 years as at 31 Dec 2021 Committed ▲ 1.9 ppt YoY Occupancy(1) 14.2% 14.0% 13.4% 11.8% ▲ 19.8% 8.5% 6.4% 7.6% Top 10 Tenants’ 1.3 ppt YoY 5.2% 5.0% 4.7% 4.4% 3.1% Contribu
Slide 13: Reopening Bolstered Retail Operational Performance
Reopening Bolstered Retail Operational Performance RETAIL PORTFOLIO 31 Dec 2021 / FY 2021 31 Dec 2022 / FY 2022 Committed 96.8% 98.3% Occupancy(1) WALE(2) 1.9 years 2.2 years Tenant Retention(3) 82.3% 89.1% Occupancy Cost 18.3% 16.6% % of Gross 4% to 10% 5% to 14% Turnover Rents(4) YTD Mar 2022 YTD
Slide 14: Tenants' Sales (psf) Above 2019 Levels While Shopper Traffic on Recovery Momentum
Tenants’ Sales (psf) Above 2019 Levels While Shopper Traffic on Recovery Momentum RETAIL PORTFOLIO vs FY 2019(1) vs 2021(2) FY 2022 Shopper Traffic Portfolio ▼25.6% ▲25.0% Suburban ▼21.3% ▲20.0% Downtown ▼30.4% ▲31.2% FY 2022 Tenants’ Sales psf Portfolio ▲7.2% ▲22.5% Suburban ▲7.5% ▲11.5% Downtown ▲
Slide 15: Strong Demand for Singapore Office Underpins Operational Performance
Strong Demand for Singapore Office Underpins Operational Performance OVERALL OFFICE PORTFOLIO 31 Dec 2021 / FY 2021 31 Dec 2022 / FY 2022 Overall Office Portfolio Committed Occupancy(1) 91.5% 94.4% Singapore 90.4% 96.2% Germany 95.8% 95.1% Australia - 82.2% WALE(2) 3.2 years 3.8 years Total New and
Slide 16: Shift Towards Live-Work-Play Environment Contributed to Demand for Integrated Developments
Shift Towards Live-Work-Play Environment Contributed to Demand for Integrated Developments INTEGRATED DEVELOPMENT PORTFOLIO Long and Stable Lease Expiry Profile(3) 97.1% Committed ▲ 1.1 ppt YoY Occupancy(1) 16.6% 15.0% 13.3% 9.9% 10.1% 9.0% 5.2 6.8% years 4.9% 4.5% 2.8% 3.5% 3.0% 31 Dec 2021: WALE(2
Slide 17: ESG Highlights
ESG Highlights CapitaSpring, Singapore
Slide 18: Increasing Focus of Investors and Tenants on ESG
Increasing Focus of Investors and Tenants on ESG Aligned with CapitaLand's commitment to Net Zero by 2050 and elevate carbon emissions reduction target to 1.5°C scenario(1) Moving towards our 2030 targets 99% of CICT’s portfolio have green rating(4) Carbon Emission Intensity Energy Intensity Compare
Slide 19: Explore Renewable Sources of Energy and Continue Contributing to the Communities We Operate In
Explore Renewable Sources of Energy and Continue Contributing to the Communities We Operate In Striving towards our commitment to Net Zero and doing socially good ESG Highlights in 2022 • Installed 3,633 solar panels (11,960 sq m) at the rooftop of IMM Building in December 2022 as Phase 1 of 2 • For
Slide 20: Recognition for Sustainability Efforts
Recognition for Sustainability Efforts GRESB 2022 SIAS Investors Choice Singapore Corporate Singapore Governance Asia, Diversified – Office / Retail, Awards 2022 Listed category REITs and Business Trusts Awards 2022 and Transparency Governance Index For category REITs and Business Trusts Index 2022
Slide 21: FY 2023 Focus & Outlook
FY 2023 Focus & Outlook CapitaSky (centre) and Capital Tower (left), Singapore
Slide 22: Committed to Value Creation in Delivering Sustainable Value While Managing Macro Uncertainties with Agility
Committed to Value Creation in Delivering Sustainable Value While Managing Macro Uncertainties with Agility 1 • Drive higher occupancy, 3 renew leases at optimal rental Remain agile and proactive in managing costs, including rate interest cost • Active marketing and leasing ✓ Explore renewable energ
Slide 23: Thank You, Unitholders
Thank You, Unitholders For enquiries, please contact: Ms Ho Mei Peng, Head, Investor Relations Direct: (65) 6713 3668 | Email: ho.meipeng@capitaland.com CapitaLand Integrated Commercial Trust Management Limited (http://www.cict.com.sg) Tel: (65) 6713 2888 | Fax: (65) 6713 2999
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