Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Q3 FY2013 Earnings Presentation
61 slides from Sunway Real Estate Investment Trust's earnings presentation, Apr 30, 2013
Slide 1: Sunway REIT Financial Results 3rd Quarter ended 31 March 2013
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 3rd Quarter ended 31 March 2013 (FYE 30 June 2013) Announcement date: 30 April 2013 0
Slide 2: Disclaimer
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISCLAIMER This presentation may contain certain forward looking statements due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic con
Slide 3: Contents
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL CONTENTS • Highlights & Key Updates • 3Q 2013 Financial Results • 3Q 2013 Portfolio Performance • 3Q 2013 Property Performance • Market Outlook • Investor Relations 2
Slide 4: Highlights & Key Updates
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL HIGHLIGHTS & KEY UPDATES Note : The financial results should be read in conjunction with the 3Q 2013 announcement to Bursa Malaysia Securities Berhad 3
Slide 5: Distribution Details
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISTRIBUTION DETAILS Dividend Distribution Details Advance distribution Current distribution Total 1 Distribution period 1 January 2013 - 13 February 2013 14 February 2013 - 31 March 2013 1 January 2013 - 31 March 2013 1 Distribution Pe
Slide 6: Financial Highlights
STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL FINANCIAL HIGHLIGHTS Highlights 3Q 2013 3Q 2012 Change % 1 No. of Properties 12 11 9.1% Property Value (RM'billion) 4.970 4.390 13.1% No. of Units in circulation 2,917,365,500 2,694,194,700 8.3% Unit Price as at 31 Mar (RM) 1.52 1.25 21.
Slide 7: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM‟ million Gross Revenue RM‟ million Net Property Income 350.0 250.0 230.7 312.0 223.3 303.9 300.0 200.0 250.0 8.5% 7.3% 150.0 200.0 150.0 100.0 100.0 105.8 110.7 106.4 98.1 72.9 78.1 78.7 79.7 74.3 99.8 95.0 50.0 70.3 50.0 - - 1Q 2Q 3Q YTD 1Q 2Q
Slide 8: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM‟ million Income Before Taxation (Realised) DPU RM‟ Sen 180.0 7.00 163.3 6.28 160.0 142.5 6.00 5.61 140.0 16.2% 5.00 120.0 10.2% 100.0 4.00 80.0 3.00 60.0 56.1 55.2 2.00 2.19 40.0 52.0 50.7 47.5 2.03 1.99 2.06 1.87 44.2 1.75 20.0 1.00 - - 1Q 2Q
Slide 9: Key Updates
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES Corporate proposals: i) Proposed Acquisition of Sunway Medical Centre (“SMC”) for a purchase consideration of RM310 million; ii) Proposed Placement of new units in Sunway REIT up to RM320m; iii) Proposed Unitholders‟ Mandate
Slide 10: Key Updates (Cont'd)
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES (CONT‟D) Sunway REIT has issued 214,765,000 new units pursuant to the Proposed Placement at an issue price of RM1.49 per placement unit, representing a 2.9% discount* to the 5-day volume weighted average price of Sunway REIT
Slide 11: 3Q 2013 Financial Results
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 3Q 2013 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 3Q 2013 announcement to Bursa Malaysia Securities Berhad 10
Slide 12: Consolidated Statement of Comprehensive Income – 3Q 2013
STRICTLY PRIVATE & CONFIDENTIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – 3Q 2013 1Q 2013 1Q 2012 2Q 2013 2Q 2012 3Q 2013 3Q 2012 Change YTD 2013 YTD 2012 Change RM'000 RM'000 RM'000 RM'000 RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 99,772 95,039 105,820 110,737 106,448 98,092 8.5% 312,040
Slide 13: Consolidated Statement of Financial Position
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31.03.13 31.12.12 30.09.12 30.06.12 RM'000 RM'000 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 983 1,110 589 437 1 Investment properties 4,969,920 4,960,822 4,638,467 4,630,000
Slide 14: Debt Profile – 3Q 2013
STRICTLY PRIVATE & CONFIDENTIAL DEBT PROFILE – 3Q 2013 Facility Loan Maturity Profile (RM'mil) Limit 800.0 RM'mil RM'mil 700.0 Term Loan 310.8 310.8 600.0 1 Revolving Loan 1,250.0 - 500.0 715.0 * Commercial Papers 1 1,250.0 715.0 400.0 300.0 Unrated MTNs 1,000.0 600.0 200.0 400.0 Total Gross Borrowi
Slide 15: 3Q 2013 Portfolio Performance
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 3Q 2013 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 3Q 2013 announcement to Bursa Malaysia Securities Berhad 14
Slide 16: 3Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 3Q 2013 REVENUE CONTRIBUTION 3Q 2013 (RM'mil) 106.4 3Q 2012 (RM'mil) 98.1 Retail Hotel Office Others 70.0 60.8 58.9 60.0 50.0 40.0 30.0 20.0 10.0 8.5 7.4 7.1 6.5 5.9 6.0 4.7 4.8 4.3 4.0 4.7 2.6 2.0 3.9 4.3 1.1 1.1 0.7 0.7 2.1 2.4 - - Sunway
Slide 17: YTD 3Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL YTD 3Q 2013 REVENUE CONTRIBUTION YTD 3Q 2013 (RM'mil) 312.0 YTD 3Q 2012 (RM'mil) 303.9 Retail Hotel Office Others 200.0 179.1 180.0 170.8 160.0 140.0 120.0 100.0 80.0 60.0 40.0 23.9 20.9 24.8 24.9 25.9 18.7 16.2 17.3 20.0 8.6 12.6 12.1 11.7
Slide 18: 3Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 3Q 2013 REVENUE CONTRIBUTION By sector By property Sunway Others Sunway Putra Office 4% Tower Tower 10% 4% 2% Sunway Menara Hotel Putra Sunway SMC 14% Hotel 4% 4% Retail 2% 72% SHSJ 1% Pyramid Tower Hotel 4% SRH & Spa 7% Sunway By locat
Slide 19: YTD 3Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL YTD 3Q 2013 REVENUE CONTRIBUTION By property By sector Others 2% Sunway Office Putra SMC 10% Menara Tower 1% Hotel Sunway Sunway 2% 16% Putra 4% Hotel Sunway Retail Tower SHSJ 3% 72% 4% 1% Pyramid Tower Hotel 5% SRH & Spa 8% Sunway By l
Slide 20: 3Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 3Q 2013 NPI CONTRIBUTION NPI Margin 3Q 2013 (RM'mil) 79.7 74.9% 3Q 2012 (RM'mil) 74.3 75.7% Retail Hotel Office Others 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - SCI Sunway Pyramid Sunway Sunway SMC 4 Sunway Sunway SRH & Menara Sunway Sunway 2 Tower 3 Hyper- Putra
Slide 21: YTD 3Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2013 NPI CONTRIBUTION NPI Margin YTD 3Q 2013 (RM'mil) 230.7 73.9% YTD 3Q 2012 (RM'mil) 223.3 73.5% Retail Hotel Office Others 140.0 120.0 100.0 80.0 60.0 40.0 20.0 - SCI Sunway Pyramid Sunway Sunway SHSJ3 SMC 5 Sunway Sunway SRH & Menara Sunway Spa 2 Sunway Tow
Slide 22: 3Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 3Q 2013 NPI CONTRIBUTION By property By sector Others 1 2% Menara Sunway SMC Office Sunway Putra Tower 2% 9% 4% 2% Sunway Sunway Tower 1 Hotel Putra Hotel 4% 21% 3% Retail SHSJ 68% 1% Pyramid Tower Hotel 7% Sunway SRH & Spa Pyramid 10% 55% By location Sunway Kuala Put
Slide 23: YTD 3Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2013 NPI CONTRIBUTION By sector By property Others 0% Sunway Office Menara Putra Tower 9% Sunway Sunway 2% SMC Putra Hotel 4% 0% Hotel 4% 23% Retail Sunway Tower 68% SHSJ 4% 1% Pyramid Tower 7% SRH & Spa Sunway 11% Pyramid By location 55% Kuala Sunway Lumpur Pu
Slide 24: Resilient Income Stream
STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE(1) as at 31 March 2013 – 2.49 years Top 10 tenants comprise approximately 18.5% Projected tenancy expiry of portfolio (2) Top ten tenants 50.0% 45.8% Total Top 10 Tenant 18.5% 45
Slide 25: YTD 3Q 2013 Rental Reversion
STRICTLY PRIVATE & CONFIDENTIAL YTD 3Q 2013 RENTAL REVERSION New and renewed Due for renewal tenancies @ 3Q2013 in FYE2013 Total rental Properties NLA for % of increase in 3 Number NLA NLA Property Property years of sq. ft. sq.ft. sq. ft. NLA tenancies a b a/b Sunway Pyramid Shopping Mall 175 376,50
Slide 26: 3Q FY2013 Property Performance
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 3Q FY2013 PROPERTY PERFORMANCE 25
Slide 27: Retail Properties – Sunway Pyramid Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 105.0% 70% 99.3% 98.5% 98.6% 98.7% 98.8% 56.7% 97.9% 100.0% 60% 95.0% 50% 92.3% 90.0% 40% 30% 85.0% 22.9% 20% 15.4% 80.0% 10% 75.0% 1.1% 1.4% 0% 70.0% FY2013 FY
Slide 28: Retail Properties – Sunway Pyramid Shopping Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL (Cont‟d) Tenant Mix Top 10 tenants Total Top 10 Tenants 12.7% Fashion & Footwear Aeon Co (M) Bhd 2.4% Food & Beverage Parkson Corporation Sdn Bhd 1.8% TGV Cinemas Sdn Bhd 1.7% 20.4% Department Store Sunway Resort Hotel
Slide 29: Retail Properties – Sunway Carnival Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 100.0% 50% 96.5% 44.5% 45% 93.6% 95.0% 91.8% 40% 90.6% 91.2% 90.1% 90.0% 35% 86.8% 30% 85.0% 25% 22.7% 20% 16.7% 80.0% 13.3% 15% 10% 75.0% 5% 70.0% 0% Jun 08 J
Slide 30: Retail Properties – Sunway Carnival Shopping Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL (Cont‟d) Tenant Mix Top 10 tenants Total Top 10 tenants 28.8% Fashion & Parkson Corporation Sdn Bhd 10.2% Footwear Food & Beverage GCH Retail (Malaysia) Sdn Bhd 3.2% 23.5% 26.4% Eu Yan Sang (1959) Sdn Bhd 3.1% Departme
Slide 31: Retail Properties – Suncity Ipoh Hypermarket
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNCITY IPOH HYPERMARKET Historical occupancy rates 100.0% 100% 100% 100% 100% 100% 100% 100% 90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Ytd 3Q Ytd 3Q 2012 2013 Suncity Ipoh Hypermarket is tenanted
Slide 32: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Historical occupancy rates 100.0% 90.0% 79.8% 77.6% 80.0% 69.8% 70.0% 60.0% 50.0% 40.0% 30.0% 17.6% 20.0% 10.0% 0.0% Jun-11 Jun-12 Ytd 3Q 2012 Ytd 3Q 2013 1. Sunway Putra Mall was acquired via a public auction on 30 March 2011 and
Slide 33: Retail Properties – Sunway Putra Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL (Cont‟d) Tenant Mix Top 10 Tenants Total Top 10 tenants 61.5% Fashion & Parkson Corporation Sdn Bhd 49.4% Footwear 11.5% Golden Arches Restaurant Sdn Bhd 2.1% 17.9% Food & Beverage Pizza Hut Restaurant Sdn Bhd 1.7% 9.8% Watson's P
Slide 34: Hospitality Properties – Sunway Resort Hotel & Spa
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY RESORT HOTEL & SPA Historical occupancy rate (Y-o-Y) Average occupancy rate (Q on Q comparison) 95.0% 84.0% 90.0% 82.0% 82.0% 85.0% 80.0% 77.5% 77.0% 78.0% 78.0% 80.0% 76.0% 76.0% 75.0% 74.0% 69.4% 71.9% 71.5% 70.0% 66.7% 72.0% 70.8% 1
Slide 35: Hospitality Properties – Pyramid Tower Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – PYRAMID TOWER HOTEL Historical occupancy rate (Y-o-Y) Average occupancy rate (Q on Q comparison) 86.0% 95.0% 84.0% 83.1% 90.2% 82.1% 90.0% 81.3% 82.0% 80.9% 84.3% 85.0% 83.0%82.6% 80.0% 78.8% 79.5%78.8% 80.0% 78.1% 1 75.8% 78.0% 75.0% 76.0% 70
Slide 36: Hospitality Properties – Sunway Hotel Seberang Jaya
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY HOTEL SEBERANG JAYA Historical occupancy rate (Y-o-Y) Average occupancy rate (Q on Q comparison) 100.0% 80.0% 75.3% 95.0% 75.7% 71.6% 70.0% 63.7% 90.0% 85.0% 81.2% 60.0% 78.8% 80.0% 1 1 77.0% 49.5% 1 1 80.0% 50.0% 46.3% 44.8% 46.9% 1 75
Slide 37: Hospitality Properties – Sunway Putra Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Historical occupancy rate Average occupancy rate FY 2012 1 59.0% 80.0% 70.5% 70.0% Customer contribution (Room revenue) 59.5% 57.9% 61.3% 60.0% 55.4% 57.3% 55.0% Corporate 78.1% 50.0% 40.0% Leisure 21.9% 30.0% 20.0% 1. Repre
Slide 38: Office Properties – Menara Sunway
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Historical occupancy rates Projected lease expiry schedule 101.0% 99.7% 100.0% 99.0% 90.0% 98.5% 98.7% 99.0% 97.7% 80.0% 97.3% 70.0% 61.2% 97.0% 60.0% 95.0% 50.0% 94.0% 40.0% 93.0% 30.0% 19.8% 20.0% 14.8% 91.0% 10.0% 3.2% 0.0% 89.0% F
Slide 39: Office Properties – Menara Sunway (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –MENARA SUNWAY (Cont‟d) Tenant mix Top 10 tenants Total top 10 tenants 82.1% 1.7% 25.3% 2.8% 9.1% Sunway Integrated Properties 16.7% Management services 2.8% Sunway Management Sdn Bhd 14.9% Property Maxis Mobile Sdn Bhd 14.0% Communication Sunway Con
Slide 40: Office Properties – Sunway Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY TOWER Historical occupancy rates Projected lease expiry schedule 100.0% 100.0% 90.0% 95.6% 97.0% 93.5% 94.0% 90.0% 1 80.0% 2 74.3% 80.0% 81.8% 70.0% 70.0% 70.1% 60.0% 67.1% 60.0% 50.0% 50.0% 40.0% 40.0% 30.0% 30.0% 20.0% 20.0% 10.0% 6.6% 10.
Slide 41: Office Properties – Sunway Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –SUNWAY TOWER (Cont‟d) Tenant mix Top 10 tenants Total Top 10 tenants 99.7% 2.1% 2.5% Ranhill Worley Parsons 81.2% 2.9% Consultancy (Oil & 4.6% Gas) Intecsea Sdn Bhd 5.0% 1.7% Consultancy (Finance) ACCA Malaysia Sdn Bhd 4.6% Royal Danish Embassy 2.9%
Slide 42: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Historical occupancy rates Projected lease expiry schedule 98.7% 60.0% 100.0% 85.2% 86.9% 46.7% 1 50.0% 78.1% 80.0% 40.0% 60.0% 30.0% 26.1% 40.0% 20.0% 10.0% 20.0% 1.4% 2.4% 0.0% 0.0% FY2013 FY2014 FY2015 FY2016 Jun-11 Jun-12 Ytd
Slide 43: Office Properties – Sunway Putra Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER (Cont‟d) Tenant mix Top tenants 0.8% Communication Top tenants 2.0% 100.0% 2.2% 1.9% 1.8% 6.9% Suruhanjaya Koperasi Malaysia 58.3% Education Kementerian Perdagangan Dlm Negeri 20.5% President Academy Sdn Bhd 6.9% Government Agenc
Slide 44: Market Outlook
STRICTLY PRIVATE & CONFIDENTIAL MARKET OUTLOOK 43
Slide 45: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK The Malaysian economy performed better-than-expected with a full-year growth of 5.6% for CY2012, despite a weaker global economic environment. The Malaysian economy is expected to grow steadily at 5.0% to 6.0% in CY2013 on the back of government spendi
Slide 46: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK The Monetary Policy Committee (“MPC”) left the overnight policy rate (“OPR”) unchanged at 3.0% for the eleventh consecutive times since July 2011. Accommodative monetary policy is likely to remain in 1H CY2013 as the government is supportive of growth
Slide 47: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL The Malaysian retail sector has moderated in 3Q CY2012 at a growth rate of 4.8% after growing at 6.4% in 1H CY2012, according to Retail Group Malaysia (RGM). RGM expects 4Q CY2012 retail sales to grow at the pace of 5.7%. This will translate into full year CY20
Slide 48: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL Taking into account the existing retail space and incoming retail space, the Manager is mindful of the eventual increase in competition. Therefore, the asset manager is constantly introducing fresh retail concepts to stay ahead of competition. In addition, ongo
Slide 49: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL Sunway Pyramid Shopping Mall continued to enjoy strong average occupancy rate of 98.8% for YTD 3Q2013, marginally dropped from 99.0% in YTD2Q2013 due to changes in tenancy. YTD 3Q2013, a total of 376,508 sq. ft. of expired leases were renewed at the average ren
Slide 50: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL In CY2012, total tourist receipts grew by almost 4.0% to RM60.6 billion compared to the previous year (2011: RM58.3 billion) This falls short of official estimates of RM62.0 billion made during the Budget CY2013 announcement. Meanwhile, tourist arrivals grew by
Slide 51: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL In Penang mainland, Sunway Hotel Seberang Jaya‟s average occupancy rate dipped to 44.8% in 3Q2013 from 63.7% in 3Q2012 due to ongoing refurbishment of the hotel which is expected to be completed in April 2013. The manager expects the business to improve post ref
Slide 52: Office
STRICTLY PRIVATE & CONFIDENTIAL OFFICE The overall office market demand remained soft throughout 2012. Average rental rates held firm in the first three quarters of the year but declined by 2% q-o-q and y-o-y in Q4 2012 due to increased vacancy from continuous new supply. The market will see continu
Slide 53: Sunway Putra Place
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE Sunway Putra Place has registered lower NPI of RM21.7 million for YTD 3Q2013 versus RM22.7 for YTD 3Q2012 due to lower contribution from Sunway Putra Mall and Sunway Putra Tower. The average occupancy rate for Sunway Putra Mall slipped to 69.8% for
Slide 54: Investor Relations
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 53
Slide 55: Unit Price Performance (IPO to 3Q 2013)
STRICTLY PRIVATE & CONFIDENTIAL UNIT PRICE PERFORMANCE (IPO to 3Q 2013) Sunway REIT vs FBM KLCI (8 July 2010 – 31 Mar 2013) Performance Statistics* Unit Price (RM) FBM KLCI Price RM0.90 1.70 1,800 (as at 8/7/2010) 1.60 Sunway REIT Closing Price : RM1.52 1,700 (as at 31/3/2013) 1.50 Highest Price : R
Slide 56: Unit Price Performance (Cumulative 3Q2013)
STRICTLY PRIVATE & CONFIDENTIAL UNIT PRICE PERFORMANCE(CUMULATIVE 3Q2013) Sunway REIT vs FBM KLCI (30 June 2012 – 31 Mar 2013) Performance Statistics* Unit Price (RM) FBM KLCI Price RM1.36 1.60 1,750 (as at 30/6/2012) Closing Price (as : RM1.52 1.55 Sunway REIT at 31/3/2013) 1,700 Highest Price : RM
Slide 57: Unitholders' Composition – As at 31 Mar 2013
STRICTLY PRIVATE & CONFIDENTIAL UNITHOLDERS‟ COMPOSITION– AS AT 31 MAR 2013 Individual 7.8% Foreign 21.8% Sunway Berhad 34.3% Domestic 78.2% Institutions 57.9% Total number of unit holders as at 31 March 2013: 7,025 (6,887 as at 31 Dec 2012) 56
Slide 58: Trading Performance Comparison of M-REITs and S-REITs
STRICTLY PRIVATE & CONFIDENTIAL TRADING PERFORMANCE COMPARISON OF M-REITs AND S-REITs Key Players FYE Market Properties Gearing Market Market Capital Annualised Distribution Total NAV After NAV MER Capitalisation Value Price Price Gains DPU yield Return Distribution Premium (31/3/13) (30/6/12) (FY6/
Slide 59: Comparative Yields for Various Assets
STRICTLY PRIVATE & CONFIDENTIAL COMPARATIVE YIELDS FOR VARIOUS ASSETS 8.0% 7.0% 6.83% 2 6.15% 5 6.0% 5.51% 1 5.0% 4.0% 3.45% 3 3.15% 4 3.00% 3.0% 2.0% 1.0% 0.0% Sunway REIT M-REIT 10-Year MGS Fixed Deposit EPF Yield OPR Note: 1. Annualised distribution yield based on annualised DPU for the period 1
Slide 60: Awards
STRICTLY PRIVATE & CONFIDENTIAL AWARDS On 22 February 2013, the International Alternative Investment Review (“IAIR”) Hong Kong magazine has awarded Sunway REIT the IAIR Real Estate Award 2013 for Excellence in Real Estate (Malaysia). The award was presented to Sunway REIT for being the leader in Mal
Slide 61: Thank You
THANK YOU
Sunway Real Estate Investment Trust — Q3 FY2013 Earnings Presentation on 6ix