CapitaLand China Trust · SGX:AU8U
CapitaLand China Trust — CapitaLand Retail China Trust — Shareholder Meeting (April 2017)
30 slides from CapitaLand China Trust's shareholder meeting presentation, Apr 19, 2017
Slide 1: CapitaLand Retail China Trust Annual General Meeting 2017
CapitaLand Retail China Trust Singapore’s First Listed China Shopping Mall REIT Annual General Meeting 2017 0 19Meeting Annual General April 2017 2017*19 April 2017*
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. 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 assumpti
Slide 3: Contents
Contents • FY 2016 Key Highlights • Decade of Excellence • Asset Management Update • Disciplined Capital Management CapitaMall Xizhimen, Beijing • Championing Sustainability • Going Forward • 2017 Annual General Meeting 2 Annual General Meeting 2017 *19 April 2017*
Slide 4: FY 2016 Key Highlights
FY 2016 Key Highlights 3 Annual General Meeting 2017 *19 April 2017* CapitaMall Xinnan, Chengdu, China
Slide 5: Vision & Mission
Vision & Mission Vision Mission Sustainable and resilient REIT Deliver sustainable income with a professionally managed growth to our Unitholders portfolio of quality retail real and value add to the estate across China. community and stakeholders by enhancing organic growth through proactive asset
Slide 6: Delivering A Resilient Performance
Delivering A Resilient Performance Gross Revenue Net Property Income Net Property Income In RMB terms In SGD terms RMB1,027.5 RMB669.8 S$139.7 million million million 2.2% y-o-y 4.1% y-o-y 1.0% y-o-y 5 Annual General Meeting 2017 *19 April 2017*
Slide 7: Delivering A Resilient Performance
Delivering A Resilient Performance Assuming no additional property tax, Distribution Per Unit Distribution Per Unit would have been 10.05 10.561 cents cents DPU Yield DPU Yield 7.7%2 7.3%2 FY 2016 FY 2016 1. Assuming the same exchange rate as FY 2015, FY 2016 DPU (same property tax basis) would have
Slide 8: Healthy Operating Metrics
Healthy Operating Metrics 95.9% 3.9% Portfolio Occupancy Portfolio Rental Reversion 92.1 million RMB12.7 billion Annual Shopper Traffic Portfolio Property Valuation 1.1% yoy 16.5% yoy 11 Properties RMB1,743 per sq m Tenants’ Sales 3.1% yoy 7 Annual General Meeting 2017 *19 April 2017*
Slide 9: Decade of Excellence
Decade of Excellence 8 Annual General Meeting 2017 *19 April 2017* CapitaMall Wangjing, Beijing, China
Slide 10: Geographical Diversified Portfolio; Well Located in Major Cities
Geographical Diversified Portfolio; Well Located in Major Cities • 11 Quality Malls in 7 Cities • Positioned as one- stop family- oriented destinations • Sizeable population G catchment • Easily accessible via major transportation G Chengdu 11. CapitaMall Xinnan 9 Annual General Meeting 2017 *19 Apr
Slide 11: Celebrating A Decade of Excellence
Celebrating A Decade of Excellence Total Assets (as at 31 December) 2016: S$2.8 billion CapitaMall Minzhongleyuan, CapitaMall Anzhen, Beijing Wuhan 2007: S$0.8 billion CapitaMall Xizhimen, Beijing Total Gross Rentable Area (as at 31 December) CapitaMall Shuangjing, Beijing CapitaMall Saihan, Hohhot
Slide 12: Celebrating A Decade of Excellence
Celebrating A Decade of Excellence Net Property Income (S$ million) Distributable Income (S$ million) 141.1 139.7 132.4 89.2 86.7 80.9 70.1 99.7 103.0 66.8 85.8 57.2 77.1 77.2 50.6 52.2 69.5 45.9 46.5 32.0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2007 2008 2009 2010 2011 2012 2013 2014 2015
Slide 13: Strategic Expansion & Active Portfolio Management
Strategic Expansion & Active Portfolio Management 2008: 2010: 2011: 2013: 2014: 2015: 2016: Acquired Transformed Acquired Acquired The revamped Completed the Acquired Xinnan in Xizhimen in Saihan into a Minzhongleyuan, Grand Minzhongleyuan car park Chengdu Beijing leading in Wuhan Canyon in reopened
Slide 14: Asset Management Update
Asset Management Update 13 Annual General Meeting 2017 *19 April 2017* CapitaMall Qibao, Shanghai, China
Slide 15: Entry to Chengdu with the Acquisition of CapitaMall Xinnan
Entry to Chengdu with the Acquisition of CapitaMall Xinnan • Acquisition completed on 30 Sep 2016 • Full year contribution from FY 2017 • Attractive mall & DPU accretive • Well connected to public transport and arterial roads • Enjoys strong synergy with the neighbouring establishments • Proximity t
Slide 16: Enhancing Mall Competitiveness through Façade Upgrading
Enhancing Mall Competitiveness through Façade Upgrading CapitaMall Wangjing, Beijing 15 Annual General Meeting 2017 *19 April 2017*
Slide 17: Enhancing Mall Competitiveness through Façade Upgrading
Enhancing Mall Competitiveness through Façade Upgrading CapitaMall Qibao, Shanghai CapitaMall Saihan, Hohhot 16 Annual General Meeting 2017 *19 April 2017*
Slide 18: CapitaMall Minzhongleyuan: Reopening of Zhongshan Avenue & Line 6
CapitaMall Minzhongleyuan: Reopening of Zhongshan Avenue & Commencing Operations of Line 6 on 28 Dec 16 Metro Line 2 Metro Line 6 Metro Line 3 Occupancy Enjoy growing increased to footfall and Metro Line 1 93.6% tenants’ sales • Local government started on the transformation of Zhongshan Avenue to i
Slide 19: CapitaMall Minzhongleyuan – Revamp of Cinema
CapitaMall Minzhongleyuan – Revamp of Cinema to Attract Moviegoers UA cinemas will take up additional space, update the current IMAX technology and refurbish the interior design and layout • Target to reopen in phases from 2Q 2017 onwards Artist Impression 18 Annual General Meeting 2017 *19 April 20
Slide 20: Riding on the Demand for Co-Working Space
Riding on the Demand for Co-Working Space • UrWork1, provides working spaces and related services to entrepreneurs, small enterprises, start-ups and independent professionals • CapitaMall Minzhongleyuan • First UrWork project in Wuhan; commenced operations in phases from 28 Dec 2016 • CapitaMall Wan
Slide 21: CapitaMall Qibao – Introduce More Lifestyle Concepts
CapitaMall Qibao – Introduce More Lifestyle Concepts to Engage Shoppers FAMIKU: One of the largest VR experience centre in Shanghai, bringing new Seven Friday: Fencing school for both Rooftop Garden: Various activities to attract family entertainment experience to family and youths children and adul
Slide 22: Disciplined Capital Management
Disciplined Capital Management 21 Annual General Meeting 2017 *19 April 2017* CapitaMall Xizhimen, Beijing, China
Slide 23: Key Financial Indicators (31 Dec 2016)
Key Financial Indicators (31 Dec 2016) Gearing Average Cost of Debt Loan Breakdown 35.3% 2.81% As at 31 Dec 2016, CRCT hedged 50.0% of its total non-RMB denominated term loans. 31 Dec 2015: 27.7% 31 Dec 2015: 2.99% Average Term to Maturity Unencumbered Assets as % 6.1% (Years) of Total Assets1 1.84
Slide 24: Debt Maturity Profile (31 Dec 2016)
Debt Maturity Profile (31 Dec 2016) S$' million CapitaMall Grand Canyon - 1,000 S$979.2 mil Secured Onshore Term Loan 1 Excluding RMB denominated loan, MML and bridge term Trust - Unsecured Money Market Variable loan, fixed rate ~ 87.5% Line (MML) 800 Rate Trust - Unsecured Offshore Term 46.3% Loan
Slide 25: Championing Sustainability
Championing Sustainability 24 Annual General Meeting 2017 *19 April 2017*
Slide 26: Commitment to Community Causes & Sustainable Development
Commitment to Community Causes & Sustainable Development CapitaMall Qibao: Beach clean-up with Shanghai Rendu Ocean CapitaMall Grand Canyon: My Schoolbag 2016 Development Center Donation drive for Sunvillage CapitaMall Saihan: Mass yoga “I am a Santa Claus today”: Encourage children to DIY using rec
Slide 27: Commitment to Community Causes & Sustainable Development
Commitment to Community Causes & Sustainable Development Earth Hour 2016 Exhibition to raise awareness on lift and escalator safety 26 Annual General Meeting 2017 *19 April 2017*
Slide 28: Going Forward
Going Forward 27 Annual General Meeting 2017 *19 April 2017* CapitaMall Minzhongleyuan, Wuhan, China
Slide 29: Going Forward
Going Forward • 2017 GDP and retail sales targeted to grow at around 6.5% and 10% y-o-y respectively • CapitaMall Xinnan – To strengthen brand and tenant mix, improve sales and costs efficiency to further improve the mall’s attractiveness • CapitaMall Minzhongleyuan – Improve occupancy and bring in
Slide 30: Thank You
Thank You 29 Annual General Meeting 2017 *19 April 2017*
CapitaLand Retail China Trust — Shareholder Meeting (April 2017) on 6ix