Lendlease Global Commercial Reit · SGX:JYEU
Lendlease Global Commercial Reit — Shareholder Meeting (October 2023)
20 slides from Lendlease Global Commercial Reit's shareholder meeting presentation, Oct 31, 2023
Slide 1: Moving Forward with Stability
MOVING FORWARD WITH STABILITY Annual General Meeting FY2023 31 October 2023 “& lendlease i 23
Slide 2: Important Notice
Important Notice This presentation may contain forward-looking statements. 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 assumptions. Representative examples of these risks
Slide 3: Contents
Contents 1. Key Highlights 2. Portfolio Performance 3. Sustainability Performance 4.Moving Forward ‘ lendlease
Slide 4: Key Highlights
wate 153.9 Net Property Income $$153.9 million 108.2 Distributable Income $$108.2 million 5,650.0 Appraised Value S$3,650.0 million
Slide 5: Financial Highlights
Annual General Meeting FY2023, Lendlease Global Commercial REIT —) Financial Highlights Gross revenue and net property income have more than doubled in FY2023 mainly attributed to the full-year financial contribution from Jem and positive rental growth Gross Revenue (S$ million) Net Property Income
Slide 6: 1 Comprises investment properties and investment property under development (including the recognition of right-of-us…
1 Comprises investment properties and investment property under development (including the recognition of right-of-use-asset). 2 Excludes non-controlling interests and perpetual securities holders.
Slide 7: Capital Management
• • • • • 1 After drawing down on the Euro loan in FY2024, sustainable financing will increase to approximately 89% of total committed debt facilities. 2 After drawing down on the Euro loan in FY2024, the undrawn debt facilities will be S$162.6 million. 3 Weighted average debt maturity will be 3.4 y
Slide 8: Portfolio Performance
Portfolio Performance
Slide 9: • Any discrepancies in summation under this section are due to rounding. • All
Note: • Any discrepancies in summation under this section are due to rounding. • All charts are as at 30 June 2023 unless otherwise stated.
Slide 10: Portfolio Valuation
1 Includes the development of the multifunctional event space, adjacent to 313@somerset, which will be connected seamlessly to the Discovery Walk that links to 313@somerset. Value reflected is the total of the market value and right-of-use-asset. 2 Refers to operating asset only. 3 Conversion of € t
Slide 11: Retail Portfolio: Healthy leasing momentum
‘Annual General Meeting FY2023 Lendlease Global Commercial REIT —() Retail Portfolio: Healthy leasing momentum * Essential services trades accounted for approximately 58% of retail gross rental income + Tenant sales and shopper traffic grew more than 2 times mainly due to the full-year contribution
Slide 12: 1 Assumes that Sky Italia does not exercise its break option in 2026. 2
• • ✓ ✓ ✓ ✓ 1 Assumes that Sky Italia does not exercise its break option in 2026. 2 Effective from May 2023. 3 The Italian National Institute of Statistics.
Slide 13: New tenants
Pedro, home-grown footwear and accessories Kopitiam Food Hall, the largest outlet in Singapore with many Cow Play Cow Moo, largest arcade operator in brand. new food concepts. Singapore. PUMA’s biggest, first-ever flagship store in Tai Er Fish, a popular Chinese Sichuan sauerkraut fish Aape by a Bat
Slide 14: Community events
Holly, jolly Christmas at 313@somerset with Santa 313@somerset welcomed the Lunar New Year with awe- DIY lunch bag workshop to encourage a plastic-free Claus and carolling sessions. inspiring lion dance performances. environment. Jem celebrated its 10th anniversary to thank and A glowing wall of 216
Slide 15: Sustainability Performance
PY Sustainability Performance 18 Energy Use Intensity Reduction 18% 14 Water Use Intensity Reduction 14% O Net Zero Carbon (Scope 1 and 2 GHG Emissions) 20 Waste Recycling Rate 20%
Slide 16: 1 From baseline year FY2022.
✓ ✓ ✓ ✓ ✓ 1 From baseline year FY2022.
Slide 17: Continuous effort to improve sustainability performance
Annual General Meeting FY2023 Lendlease Global Commercial REIT —() Continuous effort to improve sustainability performance ¥ Adopted target-setting best practices and taking reference from international benchmarking to reset baseline year to FY2022. v¥ Food waste digestors installed in Jem and 313@s
Slide 18: Moving Forward
Moving Forward
Slide 19: Near-term Focus
Annual General Meeting FY2023 Lendlease Global Commercial REIT Near-term Focus ‘’& lendlease (GGOBAL COMMERCIAL RTT)
Slide 20: Thank You
vem, Singapore _313@somerset, Singapore Sky Complex, Milan Sy A Stake in Parkway Parade 313@Somerset (Under Development) Multifunctional Event Space Adjacent to lendl Thank You ‘w lendlease
Lendlease Global Commercial REIT — Shareholder Meeting (October 2023) on 6ix