Frasers Property Ltd. · SGX:TQ5

Frasers Property — Frasers Commercial Trust — Shareholder Meeting (January 2016)

25 slides from Frasers Property's shareholder meeting presentation, Jan 20, 2016

  1. Slide 1: Frasers Commercial Trust 7th Annual General Meeting

    Frasers Commercial Trust 7th Annual General Meeting 20 January 2016 GROWING TO NEW HEIGHTS

  2. Slide 2: Important notice

    Important notice Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statement and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual resu

  3. Slide 3: Contents

    Contents 3  Year in review  Solid fundamentals  Looking ahead

  4. Slide 4: Year in review

    Z FRASERS 7” COMMERCIAL TRUST

  5. Slide 5: Year in review – Financial highlights

     Year in review – Financial highlights 55 FY2015 results highlights Net Property Income S$101.9 million ↑ 12.5% Net Property Income (cash S$100.9 million ↑ 14.7% basis)1 Distributable Income to S$67.8 million ↑ 18.3% Unitholders Distribution Per Unit 9.71 cents ↑ 14.1% Singapore Property value S$2.

  6. Slide 6: New highs in distributable income to Unitholders and DPU

     Year in review - New highs in distributable income to Unitholders and DPU 6  Highest distributable income to  Highest DPU since IPO1 Unitholders since IPO1  6th consecutive year of growth in  6th consecutive year of growth in DPU2 distributable income to Unitholders 2  11.6% DPU CAGR3 1 1 FCO

  7. Slide 7: Year in review - Asset values

     Year in review - Asset values 7  Balanced portfolio consisting of Singapore and Australian properties  Good quality and strategically located properties  Portfolio expanded to 6 properties with total value of S$2.0 billion with the addition of 357 Collins Street  No one property consists of mo

  8. Slide 8: Unlocked value at China Square Central

     Year in review - Unlocked value at China Square Central 8  Realised $44.8 million from unlocking value of the additional gross floor area for hotel use at China Square Central  Created value for Unitholders by enhancing and unlocking values of our existing properties  New retail and commercial

  9. Slide 9: Expanded the portfolio with Collins Street

     Year in review - Expanded the portfolio with 357 Collins Street 9  Office building with Grade A specifications located in the heart of the Melbourne CBD  Property with good fundamentals and stable profile  357 Collins Street will strengthen the portfolio and provide longer term growth to distri

  10. Slide 10: Healthy occupancy rates & WALE

     Year in review – Healthy occupancy rates & WALE 10  Healthy average occupancy rate of 95.4%  Healthy WALE of 3.5 years Geographical occupancy and % of NPI contribution As at Key portfolio statistics 30 September 2015 Ave Occupancy 95.4% Portfolio WALE by gross 3.5 years rental income As at 30 Se

  11. Slide 11: Corporate Governance award

    11  Year in review - Corporate Governance award 11  FCOT wins prestigious award in Corporate Governance for the third consecutive year at the 16th SIAS Investors’ Choice Awards 2015  Runner-up, Singapore Corporate Governance Award under the REITs and Business Trust category, 16th SIAS Investors’

  12. Slide 12: Proactive asset management

    Proactive asset management

  13. Slide 13: Portfolio review – Lease expiry profile

     Portfolio review – Lease expiry profile 13 FY2016 - Potential for higher income due to low passing rents Property Lease Expiry in FY2016 as a proportion of Portfolio Gross Rental Income  Low lease expiry of 7.7% in year of high office supply  New supply is mainly in Grade A/ Premium Grade space

  14. Slide 14: Portfolio review – Rental reversions

     Portfolio review – Rental reversions 14 Singapore properties continue to achieve positive weighted average rental reversions for new and renewed leases in FY2015 Weighted average rental reversions1 Property 1QFY2015 2QFY2015 3QFY2015 4QFY2015 FY2015 China Square +1.2% +15.6% +17.0% +8.1% +12.5% Ce

  15. Slide 15: Proactive capital management

    Proactive capital management

  16. Slide 16: Capital Management and debt statistics

    16  Capital Management and debt statistics 16  36.2% gearing well below the 45.0% cap on gearing set by MAS  Well spread debt maturity profile with no refinancing required until FY2017  All debts are unsecured  Hedged 81.0% of gross borrowings on fixed rate Debt maturity Debt composition – floa

  17. Slide 17: Creating sustainable growth

    Creating sustainable growth

  18. Slide 18: Strong fundamentals – Well spread lease expiry profile

     Strong fundamentals – Well spread lease expiry profile 18 18  Well spread lease expiry provides income stability Portfolio lease expiry by gross rental income As at 30 September 2014. Excludes retail turnover rent * New lease is assumed based on the existing space currently occupied by Hamersley

  19. Slide 19: Strong fundamentals – Stability of income

     Strong fundamentals – Stability of income 19 Top 10 tenants:  Established and well diversified across various sectors  MNCs, government department or public listed companies  Contribute 57% of portfolio gross rental income and have a long WALE of 5.8 years Top 10 tenants by gross rental income

  20. Slide 20: Strong fundamentals – organic growth

    Strong fundamentals – organic growth 20 20  53.7% of leases have built-in step-up rents  Step up rents and rent reviews provide good organic growth for the Trust FY2016 – FY2019 - Portfolio GRI with fixed % reviews Excludes retail turnover rent

  21. Slide 21: Sustainability Report

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  22. Slide 22: Inaugural sustainability report

    22  Inaugural sustainability report 22  Inaugural sustainability report in 2015 Annual Report  Sustainbility report focuses on the environment, social and governance (“ESG”) aspects of our business and operations  Measures and communicates the ESG impact and increases transparency  Sustainabili

  23. Slide 23: Looking ahead

    RASERS COMMERCIAL TRUST

  24. Slide 24: Delivering growth

     Delivering growth 24 24 Strategies to deliver growth Prudent capital Proactive asset Yield accretive and risk management acquisitions management Stable and sustainable distribution to Unitholders to achieve long-term growth

  25. Slide 25: Thank you

    Thank you Frasers Centrepoint Asset Management (Commercial) Limited Level 21 | 438 Alexandra Road | Alexandra Point | Singapore 119958 Tel: +65 6276 4882| Fax: +65 6276 8942| Email: fcot@fraserscentrepoint.com www. fraserscommercialtrust.com

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