CapitaLand Integrated Commercial Trust · SGX:C38U

CapitaLand Integrated Commercial Trust — CapitaMall Trust — Merger or Acquisition (February 2010)

15 slides from CapitaLand Integrated Commercial Trust's merger presentation, Feb 9, 2010

  1. Slide 1: CapitaMall Trust: Proposed Acquisition of Clarke Quay

    CAPITAMALL TRUST Singapore’s First & Largest REIT Proposed Acquisition of Clarke Quay 9 February 2010

  2. Slide 2: Disclaimers

    Disclaimers The past performance of CapitaMall Trust (“CMT”), CapitaMall Trust Management Limited (as manager of CMT) (the “Manager”) and Clarke Quay is not necessarily indicative of their respective future performances. The value of units in CMT ((“Units”) Units ) and the income derived from them m

  3. Slide 3: Clarke Quay

    Clarke Quay 3

  4. Slide 4: An Integrated Food and Beverage, Entertainment and Lifestyle Riverfront Development

    An Integrated Food and Beverage, Entertainment and Lifestyle Riverfront Development • Clarke Quay – Successfully underwent major repositioning which was completed in late 2006 – Repositioned as an integrated food and beverage, entertainment and lifestyle riverfront development – Offers an alternativ

  5. Slide 5: Location

    Location • Enjoys a wide frontage to the Singapore River • Located L t d near th the CBD and the upcoming Marina Bay Sands integrated resort • Within walking distance of Clarke Quay MRT train station 5

  6. Slide 6: Property Details

    Property Details (As at 31 December 2009) Site Area 291,756 sq ft Gross Floor Area 361 595 sq ft 361,595 Net Lettable Area 294,610 sq ft Committed Occupancy 94 9% 94.9% Number of Tenants 55 Major M j Tenants T t by b Gross G Luminox L i Pt Ltd, Pte Ltd Shanghai Sh h i Dolly D ll Pte Pt Ltd and d Ren

  7. Slide 7: Projected Total Acquisition Costs

    Projected Total Acquisition Costs S$ million S$ per sq ft Net Lettable Area Purchase Price 268.0 910 Acquisition Fee 2.7(1) 9 Legal g and Due Diligence g 2.0 7 Expenses Projected Total 272.7 926 Acquisition Cost (1) Acquisition fee is computed based on 1.0% of the purchase price. As the Acquisition

  8. Slide 8: Benefits to Unitholders

    Benefits to Unitholders Cap/taMall

  9. Slide 9: Rationale for the Acquisition

    Rationale for the Acquisition The acquisition of Clarke Quay: 1 Yield-accretive Yield accretive and in line with CMT’s CMT s investment strategy Quality asset that allows Unitholders to capitalise on 2 Singapore’s Singapore s improving economy and expected increase in tourist arrivals 3 Segmental di

  10. Slide 10: Yield-Accretive Transaction

    Yield-Accretive Transaction • Acquisition is in line with CMT’s investment strategy • Transaction is yield-accretive – Current C t property t yield i ld off approximately i t l 5 9%(1) for 5.9% f Clarke Cl k Quay, compared to CMT’s distribution yield of approximately 5.1%(2) and implied property yie

  11. Slide 11: Quality Asset

    Quality Asset • Clarke Cl k Q Quay – Strategically located and easily accessible by public transportation – Strong brand recognition amongst Singapore residents, expatriates and tourists – Shopper traffic held up well in 2009, despite economic downturn Shopper Traffic (Number of persons in millions)

  12. Slide 12: Segmental Diversification

    Segmental Diversification • Acquisition will allow CMT to capitalise on the growing lifestyle and entertainment demand in Singapore g p arising g from: – the expected increase in tourism in Singapore (Singapore Government’s commitment to grow the tourism i d t and industry d th the rejuvenation j ti

  13. Slide 13: Segmental Diversification

    Segmental Diversification No significant change in CMT’s asset profile, post-acquisition Percentage of Portfolio(1) by Gross Revenue Existing E P tf li (2) i ti Portfolio Enlarged E l P tf li (3) d Portfolio (Excluding Clarke Quay) (Including Clarke Quay) 20.9% 25.1% 74.9% 79.1% (4) (5) Discretionar

  14. Slide 14: Future Growth Potential and Income Diversification

    Future Growth Potential and Income Diversification • Acquisition will benefit Unitholders with: – Organic growth potential through reconfiguration of lettable area and improvement of tenant mix – Improved income diversification and reduced reliance of CMT’s CMT s income stream on any single property

  15. Slide 15: Thank You

    Thank You For enquiries, please contact: Jeanette Pang (Ms) I Investor t Relations R l ti Tel : (65)-6536 1188 Fax : (65)-6536 3884 Email: jeanette.pang@capitaland.com http://www.capitamall.com 15

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