Capitaland India Trust · SGX:CY6U
Capitaland India Trust — Ascendas India Trust — Shareholder Meeting (July 2017)
13 slides from Capitaland India Trust's shareholder meeting presentation, Jul 13, 2017
Slide 1: Extraordinary General Meeting, 13 July 2017
3Q FY12/13 Investor Presentation ASEAN Ascendas Stars India Conference 2012 Trust 1 March 2012 Extraordinary General Meeting 13th July 2017 Asia’s First Listed Indian Property Trust Asia’s First Listed Indian Property Trust
Slide 2: Content
Content • Terms of the New Master Property Management Agreement (“New Master PMA”) 2 2
Slide 3: Terms of the New Master PMA
Terms of the New Master PMA Appointment of Property Manager and duration • The Trustee-Manager proposes to continue the appointment of Ascendas Services (India) Private Limited (“ASIPL”) as the property manager for properties owned by a-iTrust by entering into the proposed New Master PMA. Terms are
Slide 4: Fees payable to ASIPL
Fees payable to ASIPL Fee structure Fees Fee Structure Property management fees 2.0% per annum of Gross Revenue Lease management fees 1.0% per annum of Gross Revenue < 1 year 1 month rental 1-3 years 1.5 months rental > 3 but ≤ 10 years 2 months rental > 10 years 2% of total lease payments Marketing
Slide 5: Changes in the New Master PMA
Changes in the New Master PMA (i) Definition of Gross Revenue Existing Master PMA New Master PMA “Gross Revenue” excludes turnover rent. Includes turnover rent. The inclusion of turnover rent is not material as the turnover rent in FY2016/2017 was ~0.3% of the Gross Revenue. Currently, only certain
Slide 6: Content
Content • Rationale for entry into the New PMA 66 6
Slide 7: Healthy occupancy rate
Healthy occupancy rate Occupancy rate1 98% 98% 97% 97% 96% 96% 96% 96% 98%2 100% 95% 80% 60% 40% 20% 0% Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 1. The occupancy rate comprises stabilised buildings (excluding buildings that were completed within the financial year). 2. E
Slide 8: High tenant retention rate
High tenant retention rate Tenant retention rate 100% 94% 92% 89% 86% 86% 78% 80% 80% 77% 77% 63% 60% 40% 20% 0% Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 8 8
Slide 9: Good portfolio growth through development
Good portfolio growth through development Portfolio floor area Total Total Percentage of portfolio growth developments: portfolio growth: through developments: 4.0 million sq ft 7.6 million sq ft 52.9% Million square feet 11.1 1.5 9.0 0.6 8.1 1.0 7.5 0.6 6.9 6.9 0.6 6.0 0.4 0.5 4.7 4.8 4.8 1.2 0.1 9
Slide 10: Consistent growth in net property income
Consistent growth in net property income Net property income 13% INR (billion) CAGR 5.05 4.42 3.68 3.45 3.16 2.81 2.45 2.43 2.12 1.65 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 10 10
Slide 11: Content
Content • Opinion of the Independent Financial Adviser (“IFA”) 11 11 11
Slide 12: New Master PMA on normal commercial terms
New Master PMA on normal commercial terms Opinion of the IFA • The Trustee-Manager has appointed KPMG Corporate Finance Pte Ltd as the IFA to advise the independent directors of the Trustee-Manager in relation to the New Master PMA (the “IFA Letter”). • Based on the considerations set out in the IFA
Slide 13: Extraordinary General Meeting, 13 July 2017
3Q FY12/13 Investor Presentation ASEAN Ascendas Stars India Conference 2012 Trust 1 March 2012 Extraordinary General Meeting 13th July 2017 Asia’s First Listed Indian Property Trust Asia’s First Listed Indian Property Trust
Ascendas India Trust — Shareholder Meeting (July 2017) on 6ix