Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q1 2014 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, May 6, 2014

  1. Slide 1: Lippo Malls Indonesia Retail Trust 1Q 2014 Results Presentation

    Strictly confidential Lippo Malls Indonesia Retail Trust 1Q 2014 Results Presentation 06 May 2014

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statem

  3. Slide 3: Key Highlights of 1Q 2014 Results

    Key Highlights of 1Q 2014 Results  1Q 2014 Gross Rental Income increased by 6.3% YoY in IDR term 1Q 2014  1Q 2014 Net Property Income remained stable YoY and QoQ in IDR term Results  1Q 2014 Average IDR/SGD rate depreciated 15.8% YoY versus 1Q 2013  100% of LMIRT’s S$ 1.5 billion2 worth of asset

  4. Slide 4: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 4 4

  5. Slide 5: 1Q 2014 Financial Results – P&L

    1Q 2014 Financial Results – P&L 1Q 2014 1Q 2013 Variance (%) (Rp‘mn) (Rp‘mn) Gross Rent 258,564 243,230 6.3% Property Operating Expenses 24,066 16,464 46.2% Net Property Income 287,839 290,661 -1.0% 5

  6. Slide 6: 1Q 2014 Financial Results – P&L

    1Q 2014 Financial Results – P&L 1Q 2014 1Q 2013 4Q 2013 Variance (%) Variance (%) (S$'000) (S$'000) (S$’000) Gross Rent 27,911 31,180 -10.5% 27,621 1.0% Net Property Income 31,071 37,260 -16.6% 31,097 -0.1% Distributable Income 16,741 19,619 -14.7% 13,806 21.3% Distribution Per Unit (cents) 1 0.68 0

  7. Slide 7: 1Q 2014 Financial Results – Balance Sheet

    1Q 2014 Financial Results – Balance Sheet 31 Mar 2014 31 Dec 2013 (S$ million) (S$ million) Non Current Assets1 1,516.51 1,415.72 Current Assets 260.5 398.2 Total Debt 475.0 622.5 Other Liabilities 192.2 181.8 Net Assets 1,109.8 1,009.6 Net Asset Value S$0.45 S$0.41 Total Units in Issue 2,456.4 2,45

  8. Slide 8: Distribution Details Jan 2014 – Mar 2014

    Distribution Details 01 Jan 2014 – 31 Mar 2014 Total DPU 0.68 cents - Tax-Exempt 0.44 cents - Capital 0.24 cents Books Closure Date 14 May 2014 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income 8

  9. Slide 9: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 9 9

  10. Slide 10: Portfolio Overview

    Portfolio Overview LMIRT is well-positioned to leverage on the strong Indonesian macro outlook and buoyant retail sector Portfolio Key Metrics Malls NLA (sqm)2 Valuation (S$m)1 Occupancy rate (%) 1 Bandung Indah Plaza 31,128 92.8 99.8% 2 Cibubur Junction 34,561 56.5 99.0% 3 Ekalokasari Plaza 26,820

  11. Slide 11: Diversified Trade Mix

    Diversified Trade Mix As at 31 Mar 2014 Trade Sector Breakdown by Rental Income 11

  12. Slide 12: Diversified Trade Mix

    Diversified Trade Mix As at 31 Mar 2014 Trade Sector Breakdown by NLA 12

  13. Slide 13: Top 10 Tenants By Gross Rental Income

    Top 10 Tenants By Gross Rental Income As at 31 Mar 2014, includes retail space  Top 10 tenants contribute approximately 27.3% of LMIRT Retail Mall Portfolio’s Gross Rental Income 13

  14. Slide 14: Lease Expiry Profile

    Lease Expiry Profile As at 31 Mar 2014 Weighted Average Lease Expiry (by NLA) as at 31 Mar 2014: 4.94 years  LMIRT’s portfolio lease terms represent a balanced mix of long-term Anchor leases and shorter-term leases for Specialty tenants, providing both stability and growth potential 14

  15. Slide 15: Debt Maturity Profile

    Debt Maturity Profile As at 31 Mar 2014 Weighted Average Maturity of Debt Facilities as at 31 Mar 2014: 2.3 years Notes: 1 S$ 200 million 4.88% fixed rate note (EMTN Program) to mature in July 2015 2 S$150 million 4.25% fixed rate note (EMTN Program) issued on 04 Oct 2013 to mature in Oct 2016 3 S$

  16. Slide 16: Rental Reversion Trend

    LMIR TRUST Rental Reversion Trend See nnene ernie 35,000 75% 30,606 , 30,000 65% 4 26,542 | 55% 25,000 45% 20,000 17,650 16,238 16,455 35% 15,000 25% 10,000 2,603 F 15% 5.4% 5,000 5% 0 -5% 3Q10 40.10 1Q11 2Q11 3Q11 4Qll 1Q12 2Q12 3Q12 4Q12 1Q13 2013 3Q13 4Q13 1Q14 Mmmm Renewal & New LeasesNLA —*—Ren

  17. Slide 17: Our Value Proposition

    Our Value Proposition  1Q2014 Net Property Income of S$ 31.1 million  1Q 2014 Distributable Income of S$ 16.7 million  1Q2014 DPU of 0.68 cents equivalent to Annualized DPU yield of 6.8% and 12-month rolling yield of 7.6%  Portfolio occupancy rate stood at 95.6%, remained higher than the industr

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