Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — CapitaCommercial Trust — FY2008 Earnings Presentation
15 slides from Singapore Exchange's earnings presentation, Jan 22, 2009
Slide 1: Raffles City Singapore
Raffles City City Raffles Acquisition Singapore 22 January 2009 1
Slide 2: Performance of RCS Trust – 4Q 2008
Performance of RCS Trust – 4Q 2008 RCS CCT’s 60% Interest Trust (100%) A t l Actual Forecastt1 F A t l Actual 4Q 2008 4Q 2007 Change 4Q 2008 Change 4Q 2008 S$'000 S$'000 S$'000 S$'000 % % Gross Revenue 31,083 26,059 19.3 28,212 10.2 51,805 - Office Offi 5 059 5,059 4 302 4,302 17 6 17.6 4 703 4,703
Slide 3: Performance of RCS Trust – 2H 2008
Performance of RCS Trust – 2H 2008 RCS CCT’s 60% Interest Trust (100%) A t l Actual Forecastt1 F A t l Actual 2H 2008 2H 2007 Change 2H 2008 Change 2H 2008 S$'000 S$'000 S$'000 S$'000 % % Gross Revenue 59,953 51,066 17.4 56,717 5.7 99,922 - Office 9 809 9,809 8 289 8,289 18 3 18.3 9 378 9,378 46 4.6
Slide 4: RCS Valuation
RCS Valuation Valuation ((S$ million)) RCS Trust CCT (100%) (60% Interest) Valuation Cap Rate1 as at as at as at as at Variance as at as at Variance 1 Jun 08 1 Dec 08 1 Jun 08 1 Dec 08 (%) 1 Jun 08 1 Dec 08 (bps) Retail : Retail : Retail : 5.25% 5.50% +25 Office : Office : Office : 2 732 4 2,732.4 2
Slide 5: Diverse Sector Mix
Diverse Sector Mix Sector Mix for RCS by FY 2008 Gross Rental Income Others, 3.8% Office, 16.0% Hotel & Convention Centre, 38.2% Retail, 42.0% 5
Slide 6: Occupancy and Renewals/New Leases
Occupancy and Renewals/New Leases Renewals and New Leases Committed from 1 Jan 2008 to 31 Dec 2008 Increase in Rental vs Committed Renewed/New Occupancy Leases as at as at 31 Dec 2008 Forecast 1 Preceding 31 Dec 2008 Rent Rent 4,151 sq m Raffles City Tower 30.4% 186.3% 99.7% (5 7%) (5.7%) Raffles Ci
Slide 7: Shopper Traffic Grew 15% in 2008 vs 2007
Shopper Traffic Grew 15% in 2008 vs 2007 Over The Same Period Million 4.0 35 3.5 oppers 3.0 2.5 No of Sho 2.0 1.5 10 1.0 N 0.5 0.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2008 7
Slide 8: Lease Expiry Profile – Raffles City Tower
Lease Expiry Profile – Raffles City Tower Leases up for Renewal as a % of Gross Rental Income as at 31 Dec 2008 43.8% 45.7% 8.5% 2 0% 2.0% 0.0% 2009 2010 2011 2012 2013 and beyond Weighted Average Expiry by Gross Rental Income 1.35 Years 8
Slide 9: Lease Expiry Profile – Raffles City Shopping Centre
Lease Expiry Profile – Raffles City Shopping Centre Leases up for Renewal as a % of Gross Rental Income1 as at 31 Dec 2008 46.3% 21.6% 19.3% 10.5% 2.3% 2009 2010 2011 2012 2013 and beyond Weighted Average Expiry by Gross Rental Income 1.75 Years Note: 1. Excludes retail turnover rent 9
Slide 10: 75% of 2009's Forecast Gross Rental Has Been Locked-In
1 75% of 2009’s Forecast Gross Rental Has Been Locked Locked-In In with ith Committed Leases 75% Note: 1. Includes forecast gross turnover rent and hotel service charge. Based on the manager’s forecast and assumptions as shown in the joint announcement by CCT and CMT on 9 June 2008 10
Slide 11: Top Tenants – Raffles City Tower
1 Top 10 Tenants – Raffles City Tower % of Gross Rental Tenant Income Economic Development Board 19.2% Accenture Pte Ltd 10.4% Philli Securities Phillip S iti Pt Pte Ltd 8 9% 8.9% Petro-Diamond Singapore (Pte) Ltd 4.5% AAPC Hotels Management Pte. Ltd. 3.4% Raffles International Limited 3 2% 3.2% Chi
Slide 12: Top Tenants – Raffles City Shopping Centre
Top 10 Tenants1 – Raffles City Shopping Centre % of Gross Rental Tenant Income Robinson & Company (Singapore) Private Limited 13.6% Wing Tai Retail Pte. Ltd. 4.9% Ossia International Limited 3 2% 3.2% Jay Gee Enterprises (Pte) Ltd 2.8% Food Junction Management Pte Ltd 2.4% Cold Storage Singapore (19
Slide 13: Trade Mix – Raffles City Tower
Trade Mix – Raffles City Tower Tenant Business Sector Analysis by Gross Rental Income as at 31 Dec 2008 Real Estate & Property Services, 6.1% Banking Insurance & Banking, Others, 12.6% Financial Services, 23.6% Government & Government Linked Office, 21.6% Energy, Business Consultancy, IT & Telecommu
Slide 14: Trade Mix – Raffles City Shopping Centre
Trade Mix – Raffles R ffl City Cit Shopping Sh i Centre C t Tenant Business Sector Analysis by Gross Rental Income as at 31 Dec 2008 Books/Gifts & Specialty/Hobbies/Toys, 4.8% Home Furnishings, 0.8% Food & Beverage/ Food Court, 22.9% 9% Leisure and Entertainment/Sports & Fitness, 2.1% Supermarket, F
Slide 15: Thank You
Thank You For enquiries, please contact: HO Mei Peng Head, Investor Relations & Communications Tel : (65)-6826 5586 Fax : (65)-6533 6133 Email: ho.meipeng@capitaland.com http://www.cct.com.sg 15
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