Capitaland India Trust · SGX:CY6U
Capitaland India Trust — H1 2025 Earnings Presentation
43 slides from Capitaland India Trust's earnings presentation, Jul 30, 2025
Slide 1: 1H FY 2025 Financial Results
CapitaLand India Trust 1H FY 2025 Financial Results 30 July 2025 31
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 inc
Slide 3: Contents
Contents 04 14 Highlights Operational Review 07 21 Financial Review Growth Strategy 11 24 Capital Management Appendix aVance II, Pune 33
Slide 4: 1H FY 2025 Highlights
1H FY 2025 Highlights International Tech Park Bangalore 34
Slide 5: Strong Growth in 1H FY 2025
Strong Growth in 1H FY 2025 Portfolio Highlights • Income contribution from newly completed developments, MTB 6 at International Tech Park Bangalore and CyberVale 1H FY 2025 NPI 1H FY 2025 DPU NAV/Unit Free Trade Warehousing Zone which are fully leased S$113.6m 3.97 S$1.29 • Announced proposed acqui
Slide 6: Driving Growth
Driving Growth Leverage India’s Economic Growth1 CLINT’s Growth Levers ~7% 4 Recycle Capital GDP growth forecast • Potential divestment of 33% stake in the data centre portfolio to unlock value, in 2025 and 2026 deleverage and reduce capital expenditure • Potential buyers have commenced due diligenc
Slide 7: Financial Review
Financial Review MTB 6, International Tech Park Bangalore 37
Slide 8: 1H FY 2025 vs 1H FY 2024 Results
1H FY 2025 vs 1H FY 2024 Results 1H FY 2025 1H FY 2024 Variance • Increase due to higher rental income from existing properties; S$/INR FX rate1 64.5 61.9 4% • Income contribution from newly completed developments (MTB 6 at ITPB and CyberVale INR9,625 million INR8,420 million 14% FTWZ); and Total Pr
Slide 9: 1H FY 2025 vs 2H FY 2024 Results
1H FY 2025 vs 2H FY 2024 Results 1H FY 2025 2H FY 2024 Variance • Increase due to higher rental income from existing S$/INR FX rate1 64.5 63.0 2% properties; and • Income contribution from newly completed INR9,625 million INR8,958 million 7% developments (MTB 6 at ITPB and CyberVale Total Property I
Slide 10: CLINT’s 1H FY 2025 DPU Up 9%
CLINT’s 1H FY 2025 DPU Up 9% Distribution per Unit (DPU) Distribution Period 1 January to 30 June 2025 (Singapore cents) Distribution Schedule 6.84 Notice of Record Date 30 July 2025 3.20 Last Day of Trading on ‘cum’ Basis 7 September 2025, 5.00 pm 2H Ex-Date 8 September 2025, 9.00 am 3.97 3.64 Reco
Slide 11: Capital Management
Capital Management Logistics Park, Navi Mumbai 3 11
Slide 12: Well-spread Debt Maturity Profile
Well-spread Debt Maturity Profile Effective Average Term Sustainability- Hedging Ratio Borrowings1 to Maturity Linked Loans INR: 54.2% S$1,898 million 2.5 years 59% SGD: 45.8% S$ million FY 2025 refinancing largely completed 411.2 328.9 327.7 305.9 256.6 267.6 93.1 31.5 180.9 68.1 27.6 220.9 176.7 1
Slide 13: Proactive Capital Management
Proactive Capital Management Financial Indicators As at 30 June 2025 (unless otherwise stated) Pro Forma Gearing in July 2025 including issuance of perpetual securities1 40.1% Gearing Ratio 42.3%2 Interest Coverage Ratio (ICR) 2.5x ICR Sensitivity3 (i) 10% decrease in EBITDA 2.3x (ii) 100 bps increa
Slide 14: Operational Review
Operational Review Block A, International Tech Park Hyderabad
Slide 15: Diversified Portfolio
Diversified Portfolio Mumbai Mumbai 8% 8% Hyderabad Bangalore Chennai 28% 31% Chennai 18% 17% Customer Base Total Number of Tenants: 329 Portfolio Average Space per Tenant: ~59,000 sq ft breakdown by base rent Pune Largest tenant accounts for Pune 19% Bangalore 19% 27% 12% of portfolio base rent Hyd
Slide 16: Diversified Tenant Base
Diversified Tenant Base Breakdown of tenant core business and country of origin by base rent Others 8% Others Retail and F&B 13% Telecom 1% 2% Singapore Healthcare 2% 4% Banking & Financial Services France 5% 6% Automobile Technology & USA 6% Tenant Core Software Development Country of 45% Business
Slide 17: Quality Tenants
Quality Tenants Top 10 Tenants % of Portfolio Base Rent Asset Class 1 Tata Consultancy Services 12% 2 Applied Materials 8% 3 Infosys 4% 4 Amazon 3% IT Park 5 Renault Nissan 3% 6 Synechron 3% 7 UnitedHealth Group 2% 8 Pegatron 2% Industrial 9 Bristol Myers Squibb 2% IT Park 10 Société Générale 2% Tot
Slide 18: Portfolio Occupancy
Portfolio Occupancy1 Committed Occupancy 92% (including options and ROFR) 90% (excluding options and ROFR) Bangalore Chennai Hyderabad Mumbai Pune 95% 96% 100% 99% 100% 96% 93% 92% 91% 82% 84% 88% 73% 54% ITPB ITPC CyberVale IF, MWC ITPH aVance CyberPearl Building Building aVance I, ITPP-H aVance II
Slide 19: Lease Expiry Profile
Lease Expiry Profile Weighted Average Lease Term Weighted Average Lease Expiry 6.6 years 3.7 years Monthly base rent expiring (INR million) 600 43% 500 >70% of remaining leases expiring in 400 2025 are either renewed or highly 300 likely to be renewed 22% 18% 200 13% 100 4% 0 2025 2026 2027 2028 202
Slide 20: Portfolio Rental Reversion
Portfolio Rental Reversion Maintained Positive Rental Reversion +9% 18% 12% 10% Signing of large leases with rent-free periods -3% Bangalore Chennai Hyderabad City Bangalore Chennai Hyderabad Pune Total No. of eligible transactions 42 12 9 9 72 SBA (sq ft) 500,000 470,000 180,000 480,000 1,630,000 N
Slide 21: Growth Strategy
Growth Strategy Artist Impression of CapitaLand Data Centre, Chennai 3 21
Slide 22: Growth based on Committed Pipeline
Growth based on Floor area (million sq ft) Committed Pipeline 35.0 33.3 0.9 2.4 30.0 47% 7.3 25.0 Portfolio 22.7 Forward Purchases 20.0 Data Centre Developments 15.0 IT Building Developments 22.7 22.7 10.0 5.0 0.0 Jun 2025 Committed Pipeline 3 22 C a p i t a L a n d I n d i a Tr u s t 1H FY 2025 Fin
Slide 23: The End
The End For enquiries, please contact: CapitaLand India Trust Management Pte. Ltd. Office: (65) 6713 2888 Email: enquiries@clint.com.sg Website: www.clint.com.sg Gardencity, Bangalore 3 23
Slide 24: Appendix – Glossary
Appendix Glossary CY : Calendar year Derivative financial : Includes cross currency swaps (entered to hedge S$ borrowings into INR), interest rate swaps, options and forward foreign instruments exchange contracts DPU : Distribution per unit EBITDA : Earnings before interest expense, tax, depreciatio
Slide 25: Good Growth Track Record
Good Growth Portfolio size increased by more than 5 times since IPO Track Record Floor area (million sq ft) 11% CAGR 22.7 21.9 0.8 2.3 19.6 Total Developments 2.7 7.8 million sq ft 15.5 1.4 15.0 0.7 13.8 1.2 13.1 12.6 0.7 Total 3rd Party acquisitions 12.0 0.6 0.5 8.6 million sq ft 1.9 21.9 9.7 0.4 1
Slide 26: Increasing Distribution per Unit
Increasing Distribution per Unit 10-year CAGR1 INR DPU: +6% S$ DPU: +4% S$150 million Private Placement DPU1 (S cents) DPU1 (INR) S$150.1 million 5.0 10.0 Preferential Offering S$100 million 4.5 Private Placement 9.0 4.0 8.0 3.5 7.0 3.0 6.0 2.5 5.0 2.0 4.0 1.5 3.0 1.0 2.0 0.5 1.0 4.78 5.40 5.54 5.98
Slide 27: Capital Management
Capital Management Currency hedging strategy Funding strategy Balance sheet • The Trustee-Manager’s approach to equity raising is 50% use of Core CL Blue predicated on maintaining a strong balance sheet by keeping • Trustee-Manager does not hedge equity the Trust’s gearing ratio at an appropriate le
Slide 28: Balance Sheet
Balance Sheet As at 30 June 2025 INR S$ Total assets 295.6 billion 4,488.0 million Total borrowings 127.6 billion 1,937.5 million Deferred consideration1 1.8 billion 27.6 million Derivative financial instruments (4.4 billion) (67.2 million) Effective borrowings2 125.0 billion 1,897.9 million Long te
Slide 29: Macro Drivers Signal India’s Growth Potential
Macro Drivers Signal India’s Growth Potential 1 Economic Growth 2 Infrastructure Growth India’s GDP is poised to grow by India’s commitment ~7% in 2025 and to invest in 2026. infrastructure will India is expected propel growth over to retain its position the coming years. as the fastest- growing maj
Slide 30: Appendix – Portfolio Information
Appendix – Portfolio Information Building Q1, Navi Mumbai 3 30
Slide 31: World-class Assets
World-class Assets City Bangalore Chennai Hyderabad Pune Mumbai • International Tech • CyberVale • aVance Hyderabad • aVance I, Pune • Building Q1 & Q2 Park Bangalore • Industrial Facility 1, 2 & 3, • CyberPearl • aVance II, Pune • Logistics Park Property MWC • International Tech • International Tec
Slide 32: Lease Expiry Profile by Base Rent
Lease Expiry Profile by Base Rent 2029 City 2025 2026 2027 2028 Total & beyond Bangalore 0.9% 9.0% 3.9% 2.4% 15.2% 31.4% Hyderabad 1.3% 1.5% 5.7% 10.0% 6.8% 25.3% Chennai 1.0% 2.2% 5.0% 3.4% 5.3% 16.9% Pune 0.3% 0.5% 1.2% 4.3% 12.6% 18.9% Mumbai 0.2% 0.2% 2.3% 1.9% 3.0% 7.6% Total 3.7% 13.4% 18.0% 2
Slide 33: Lease Expiry Profile by Area
Lease Expiry Profile by Area 2029 City 2025 2026 2027 2028 Total & beyond Bangalore 0.8% 8.8% 3.9% 2.3% 14.0% 29.8% Hyderabad 1.1% 1.3% 4.8% 9.1% 6.6% 22.9% Chennai 0.8% 2.1% 4.4% 4.1% 6.1% 17.5% Pune 0.3% 0.7% 1.2% 5.3% 14.8% 22.3% Mumbai 0.2% 0.2% 2.3% 1.7% 3.0% 7.4% Total 3.1% 13.1% 16.7% 22.5% 4
Slide 34: Long Term Growth Strategy
Long Term Growth Strategy DATA CENTRE DEVELOPMENTS 50 MW Data Centre (Tower 1) at Airoli, Navi Mumbai 55 MW Data Centre (Tower 2) at Airoli, Navi Mumbai 42 MW Data Centre at ITPH, Hyderabad 53 MW Data Centre at Ambattur, Chennai SPONSOR ASSETS 43 MW Data Centre at ITPB, Bangalore DEVELOPMENT PIPELIN
Slide 35: Growth Pipeline
Growth Pipeline aVance Casa Grande – aVance Business Hub 2 Gardencity Ebisu Total Hyderabad OneHub Maia Chennai aVance 5 aVance A1 aVance A2 Project I Project II Building 1 Phase 1, 2 & 3 Floor area 1.16 0.83 0.55 1.26 0.39 1.15 0.79 1.13 7.26 (million sq ft) Time of Construction 2H 2025 building Co
Slide 36: Development: ITPB Pipeline
Growth Strategy Development: ITPB Pipeline ITPL Metro Station Future Development Potential • Remaining development potential of 2.3 million sq ft MTB 6 • Site has been identified for development of a data centre MTB 7 & 8 • ITPB’s 40 Mega Volt Amperes (MVA) air Park Square insulated substation has b
Slide 37: Development: ITPH redevelopment
Growth Strategy Development: ITPH redevelopment Original Master Plan (1.3 million sq ft) Proposed Master Plan (4.9 million sq ft) MLCP Capella Vega Atria Phase I completed Phase I Orion Auditorium Auriga Mariner Data Centre Under Data Centre under construction Development under construction Redevelo
Slide 38: IT Park: aVance Hyderabad
Growth Strategy (Forward Purchase) IT Park: aVance Hyderabad Site Area 3 6 8 4 25.7 acres / 10.4 ha 2 7 5 1 9 Asset Ownership 10 CLINT Assets Vendor Assets Landowner Assets CLINT has ROFR to (7), (8), (9) & (10) aVance 5 Proposed acquisition of (5)1 – 1.16 million sq ft • Occupancy Certificate recei
Slide 39: IT Park: aVance Business Hub 2, Hyderabad
Growth Strategy (Forward Purchase) IT Park: aVance Business Hub 2, Hyderabad Site Area 14.4 acres / 5.8 ha Asset Ownership Vendor Assets Landowner Assets Proposed acquisition of (A1) to (A5)1: 4.75 million sq ft Construction Status Construction of A1 building is completed with landscaping works in p
Slide 40: IT Park: Gardencity, Bangalore
Growth Strategy (Forward Purchase) IT Park: Gardencity, Bangalore Location Hebbal, Bangalore Floor Area Project I: 1.3 million sq ft; Project II: 0.4 million sq ft Expected Completion Project I: 2H 2025 Project II: 2H 2027 Construction Status Construction of Project I at an advanced stage. 3 40 C a
Slide 41: IT Park: Ebisu, Bangalore
Growth Strategy (Forward Purchase) IT Park: Ebisu, Bangalore Location Building 1 Outer Ring Road, Bangalore Floor Area Building 1: 1.15 million sq ft Expected Completion 4Q 2026 Construction Status Basement works completed. Superstructure works in progress. Artist’s impression 3 41 C a p i t a L a n
Slide 42: IT Park: Office Project at Nagawara, Bangalore
Growth Strategy (Forward Purchase) IT Park: Office Project at Nagawara, Bangalore Location Outer Ring Road, Bangalore Floor Area 1.13 million sq ft Expected Completion 4Q 2028 Construction Status Pre-construction approvals being obtained Artist’s impression 3 42 C a p i t a L a n d I n d i a Tr u s
Slide 43: Industrial: Casa Grande – OneHub, Chennai
Growth Strategy (Forward Purchase) Industrial: Casa Grande – OneHub, Chennai Location OneHub, Chennai Floor Area Phase 1: 0.48 million sq ft Phase 2: 0.16 million sq ft Phase 3: 0.15 million sq ft Construction Status Phase 1: Construction underway OneHub Chennai 3 43 C a p i t a L a n d I n d i a Tr
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