Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Q4 FY2013 Earnings Presentation
61 slides from Sunway Real Estate Investment Trust's earnings presentation, Aug 6, 2013
Slide 1: Sunway REIT Financial Results 4th Quarter ended 30 June 2013
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 4th Quarter ended 30 June 2013 (FYE 30 June 2013) Announcement date: 6 August 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 • 4Q 2013 Financial Results • 4Q 2013 Portfolio Performance • 4Q 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 4Q 2013 announcement to Bursa Malaysia Securities Berhad 3
Slide 5: Distribution Details
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL DISTRIBUTION DETAILS Dividend Distribution Details Distribution period 1 April 2013 - 30 June 2013 1 Distribution Per Unit (DPU) (sen) 2.02 Notice of Entitlement 6 August 2013 Ex-Dividend Date 21 August 2013 Book Closure Date 23 August
Slide 6: Financial Highlights
STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL FINANCIAL HIGHLIGHTS Highlights 4Q 2013 4Q 2012 Change % 1 No. of Properties 12 11 9.1% Property Value (RM'billion) 5.184 4.630 11.9% No. of Units in circulation 2,919,423,400 2,696,462,000 8.3% Unit Price as at 30 June (RM) 1.54 1.36 13
Slide 7: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM’ million Gross Revenue 1 RM’ million Net Property Income 2.3% 1 3.3% 450.0 350.0 415.9 406.4 309.2 299.2 400.0 300.0 350.0 250.0 300.0 1 1.3% 250.0 200.0 1 3.4% 200.0 150.0 150.0 100.0 99.8 110.7 106.4 78.5 75.9 95.0 105.8 98.1 103.9 102.6 72.9
Slide 8: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM’ million Income Before Taxation (Realised) DPU 1 RM’ Sen 2 14.8% 10.7% 240.0 218.8 9.00 8.30 220.0 190.6 8.00 7.50 200.0 180.0 7.00 160.0 6.00 1 140.0 15.4% 2 5.00 6.9% 120.0 100.0 4.00 80.0 3.00 56.1 55.2 55.5 2.19 2.02 60.0 52.0 50.7 47.6 48.
Slide 9: Key Updates
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES Material Litigation On 9 July 2013, the Federal Court heard and dismissed the application for leave to appeal with costs for the following two cases in relation to the acquisition of Sunway Putra Place: - Robert Ti and Korne
Slide 10: Key Updates (Cont'd)
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL KEY UPDATES (CONT’D) Variation to the Hotel Master Lease Agreement (“HML”) for Sunway Putra Hotel As announced on 3 July 2013, the HML has been varied as follows: a) The total rent payable by the Lessee shall be the amount calculated in
Slide 11: 4Q 2013 Financial Results
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 4Q 2013 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 4Q 2013 announcement to Bursa Malaysia Securities Berhad 10
Slide 12: Consolidated Statement of Comprehensive Income – 4Q 2013
STRICTLY PRIVATE & CONFIDENTIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – 4Q 2013 4Q 2013 4Q 2012 Change YTD 2013 YTD 2012 Change RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 103,906 102,558 1.3% 415,946 406,426 2.3% Less : Property operating expenses (25,382) (26,694) 4.9% (106,750) (107,22
Slide 13: Consolidated Statement of Comprehensive Income – 4Q 2013 (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – 4Q 2013 (CONT’D) Explanation on variances: 1 Net property income 4Q 2013 v 4Q 2012 & YTD 2013 v YTD 2012 - Substantially contributed by Sunway Medical Centre (“SMC”) which was acquired in December 2012 and supported by
Slide 14: Consolidated Statement of Financial Position
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30.06.13 30.06.12 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 1,283 437 Investment properties 1 5,184,000 4,630,000 Derivative financial instrument 7,540 8,455 5,192,823 4,638
Slide 15: Debt Profile – 4Q 2013
STRICTLY PRIVATE & CONFIDENTIAL DEBT PROFILE – 4Q 2013 Facility Loan Maturity Profile (RM'mil) Limit 450.0 RM'mil RM'mil 400.0 350.0 Term Loan 310.8 317.81 300.0 Revolving Loan2 500.0 - 250.0 500.0* 200.0 400.0 400.0 Commercial Papers2 315.0 150.0 315.0 317.8 Unrated MTNs 1,000.0 1,000.0 100.0 200.0
Slide 16: 4Q 2013 Portfolio Performance
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 4Q 2013 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 4Q 2013 announcement to Bursa Malaysia Securities Berhad 15
Slide 17: 4Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 4Q 2013 REVENUE CONTRIBUTION 4Q 2013 (RM'mil) 103.9 4Q 2012 (RM'mil) 102.6 70.0 Retail Hotel Office Others 59.9 60.0 57.7 50.0 40.0 30.0 20.0 8.9 9.2 10.0 7.3 6.1 6.8 5.6 5.5 4.3 4.1 4.1 4.2 4.8 3.6 3.9 2.1 2.2 1.1 1.1 1.0 1.7 1.3 - - Sunwa
Slide 18: YTD 4Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL YTD 4Q 2013 REVENUE CONTRIBUTION YTD 4Q 2013 (RM'mil) 415.9 YTD 4Q 2012 (RM'mil) 406.4 Retail Hotel Office Others 300.0 250.0 239.1 228.5 200.0 150.0 100.0 50.0 32.9 28.2 31.6 35.1 31.0 19.6 21.8 22.8 17.0 16.2 15.8 16.8 12.1 9.1 8.5 9.6 9.
Slide 19: 4Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 4Q 2013 REVENUE CONTRIBUTION By sector By property Sunway Others Sunway Putra Office 5% Tower Tower 10% Menara 4% 2% Sunway Sunway 4% SMC Hotel Putra 5% 17% Retail Hotel 68% 3% SHSJ 2% Pyramid Tower Hotel 5% Sunway SRH & Sunway Pyramid
Slide 20: YTD 4Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL YTD 4Q 2013 REVENUE CONTRIBUTION By property By sector Others 2% Sunway Office Putra SMC 10% Tower 2% Menara Hotel 2% Sunway Sunway 17% Putra 4% Sunway Retail Hotel Tower 71% SHSJ 3% 4% 1% Pyramid Tower Hotel 5% SRH & Spa 8% Sunway By l
Slide 21: 4Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 4Q 2013 NPI CONTRIBUTION NPI Margin 4Q 2013 (RM'mil) 78.5 75.6% 4Q 2012 (RM'mil) 75.9 74.0% Retail Hotel Office Others 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - (5.0) SCI Sunway Pyramid Sunway Sunway SMC 4 Sunway Sunway SRH & Menara Sunway Spa 2 Tower 3 Hyper- Put
Slide 22: YTD 4Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 4Q 2013 NPI CONTRIBUTION NPI Margin YTD 4Q 2013 (RM'mil) 309.2 74.3% YTD 4Q 2012 (RM'mil) 299.2 73.6% Retail Hotel Office Others 180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 - Sunway Sunway SCI Sunway SRH & Pyramid 3 Sunway Menara Sunway Sunway 5 Spa 2 Sunway
Slide 23: 4Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 4Q 2013 NPI CONTRIBUTION By property By sector Sunway Putra Tower Others Sunway Tower 1% Office 6% 4% 10% Menara Sunway SMC 4% 6% Sunway Retail Hotel Putra Hotel 63% 21% 4% SHSJ 2% Pyramid Tower Hotel 7% Sunway Pyramid 56% Sunway 1 SRH & Spa 8% By location Putra Mall
Slide 24: YTD 4Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 4Q 2013 NPI CONTRIBUTION By property By sector Sunway Others Menara Putra Tower SMC 2% 3% Office 3% Sunway 9% 4% Sunway Sunway Tower Putra Hotel 4% Hotel 3% 21% Retail SHSJ 67% 1% Pyramid Tower Hotel 7% Sunway SRH & Spa Pyramid 10% 55% Sunway Putra Mall By locatio
Slide 25: Resilient Income Stream
STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE(1) as at 30 June 2013 –2.58 years Top 10 tenants comprise approximately 17.0% Projected tenancy expiry of portfolio (2) Top ten tenants 50.0% 48.0% Total Top 10 Tenants 17.0% 45.
Slide 26: YTD 4Q 2013 Rental Reversion
STRICTLY PRIVATE & CONFIDENTIAL YTD 4Q 2013 RENTAL REVERSION New and renewed Due for renewal tenancies @ 4Q2013 in FYE2013 Total rental Renewal Properties Number % of increase in 3 NLA NLA rate of Property years sq.ft. sq. ft. tenancies NLA 1 Sunway Pyramid Shopping Mall 204 410,355 436,364 25.5% 94
Slide 27: 4Q FY2013 Property Performance
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 4Q FY2013 PROPERTY PERFORMANCE 26
Slide 28: Retail Properties – Sunway Pyramid Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 70% 105.0% 99.3% 2 60% 97.9% 98.5% 98.6% 98.3% 100.0% 50% 95.0% 40% 90.0% 30% 85.0% 20% 80.0% 10% 52.5% 15.1% 27.7% 1.5% 75.0% 0% FY2014 FY2015 FY2016 Monthly 7
Slide 29: 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 12.6% Fashion & Footwear Aeon Co (M) Bhd 2.4% Food & Beverage Parkson Corporation Sdn Bhd 1.8% TGV Cinemas Sdn Bhd 1.7% 21.3% Department Store Sunway Resort Hotel
Slide 30: Retail Properties – Sunway Carnival Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 100.0% 97.4% 50% 93.6% 95.0% 91.8% 91.2% 90.6% 40% 90.0% 30% 85.0% 20% 80.0% 10% 75.0% 55.6% 17.1% 20.9% 6.1% 0.2% 0% 70.0% Jun 09 Jun 10 Jun 11 Jun-12 Jun-13
Slide 31: 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 31.3% Fashion & Parkson Corporation Sdn Bhd 9.7% Footwear Food & Beverage Golden Screen Cinemas Sdn Bhd 8.5% 21.1% 22.9% GCH Retail (Malaysia) Sdn Bhd 3.0% Depart
Slide 32: Retail Properties – Suncity Ipoh Hypermarket
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNCITY IPOH HYPERMARKET Historical occupancy rates 100.0% 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-09 Jun-10 Jun-11 Jun-12 Jun-13 Suncity Ipoh Hypermarket is tenanted to a single tenant, a major hyper
Slide 33: 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) 76.0% 1 80.0% 69.4% 71.3% 84.0% 66.7% 82.0% 61.0% 70.0% 82.0% 60.0% 80.0% 77.5% 78.0% 50.0% 76.0% 40.0% 74.0% 72.8% 71.9% 71.5% 72.7% 30.0%
Slide 34: 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) 83.1% 1 95.0% 81.3% 80.9% 90.0% 78.8% 78.7% 80.0% 90.2% 90.0% 70.0% 60.0% 85.0% 83.0% 82.6% 50.0% 79.5% 79.6% 80.0% 78.1% 40.0% 75.8% 77.9% 30.0%
Slide 35: 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) 80.0% 90.0% 80.0% 75.3% 75.7% 78.8% 77.0% 1 80.0% 70.2% 70.0% 70.0% 63.7% 65.8% 65.8% 1 51.6% 60.0% 60.0% 50.0% 49.5% 50.0% 46.3% 44.8% 40.
Slide 36: Hospitality Properties – Sunway Putra Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Historical occupancy rate (Y-o-Y) Average occupancy rate (Q on Q comparison) 80.0% 90.0% 70.5% 70.0% 80.0% 62.5% 59.5% 57.9% 2 60.2% 70.0% 60.0% 55.4% 55.0% 57.0% 59.0% 60.0% 50.0% 50.0% 40.0% 40.0% 30.0% 30.0% 20.0% 20.0% 1
Slide 37: Office Properties – Menara Sunway
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Historical occupancy rates Projected lease expiry schedule 99.7% 100.0% 100.0% 99.5% 90.0% 98.9% 80.0% 99.0% 98.5% 70.0% 98.5% 60.0% 97.7% 98.0% 62.5% 50.0% 97.3% 97.5% 40.0% 97.0% 30.0% 96.5% 20.0% 10.0% 19.5% 96.0% 16.0% 0.0% 95.5%
Slide 38: Office Properties – Menara Sunway (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –MENARA SUNWAY (Cont’d) Tenant mix Top 10 Tenants 1.7% Total Top 10 Tenants 82.3% 1.7% 7.6% 25.5% Management services Sunway Integrated Properties 16.9% 2.8% 2.8% Property Sunway Management Sdn Bhd 15.1% Communication Maxis Mobile Sdn Bhd 14.2% Const
Slide 39: 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% 90.0% 93.5% 80.0% 1 80.0% 83.0% 70.0% 70.0% 60.0% 67.1% 60.0% 50.0% 50.0% 40.0% 40.0% 30.0% 30.0% 20.0% 20.0% 10.0% 0.5% 85.2% 2.6% 10.0% 0.0% 0
Slide 40: Office Properties – Sunway Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –SUNWAY TOWER (Cont’d) Tenant mix Top 10 Tenants 2.3% 2.0% Total Top 10 Tenants 99.7% 2.8% 2.7% 1.6% Ranhill Worley Parsons 84.0% Intecsea Sdn Bhd 4.6% Royal Danish Embassy 2.8% Consultancy (Oil & Gas) Consultancy (Finance) ACCA Malaysia Sdn Bhd 2.7%
Slide 41: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Historical occupancy rates Projected lease expiry schedule 98.7% 100.0% 100.0% 90.0% 85.2% 78.0% 1 80.0% 80.0% 70.0% 60.0% 60.0% 50.0% 40.0% 40.0% 30.0% 20.0% 20.0% 10.0% 1.8% 4.8% 71.4% 0.0% 0.0% FY2014 FY2015 FY2016 Jun-11 Jun-
Slide 42: Office Properties – Sunway Putra Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER (Cont’d) Tenant mix Top 10 Tenants 0.8% 2.1% 3.5% 6.7% Communication Total Top 10 Tenants 98.4% 4.5% Suruhanjaya Koperasi Malaysia 56.6% Kementerian Perdagangan Dlm Negeri 19.9% Education President Academy Sdn Bhd 6.7% Suruhanjay
Slide 43: Market Outlook
STRICTLY PRIVATE & CONFIDENTIAL MARKET OUTLOOK 42
Slide 44: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK The Q1 2013 real GDP expanded by +4.1% (year-on-year) but contracted by -4.9% (quarter-on- quarter). The lower growth during the quarter was primarily due to weak industrial activities as exports remained depressed by the lingering recession in the Eur
Slide 45: General Outlook (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK (CONT’D) The Monetary Policy Committee (“MPC”) left the overnight policy rate (“OPR”) unchanged at 3.0% for the twelve consecutive times since July 2011. Bank Negara Malaysia indicated that monetary policy direction going forward will be supportive of
Slide 46: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL The National retail sales recorded a strong Q1 2013 growth at 7.5% higher than the initial forecast of 5.9%. Retail Group Malaysia has revised upwards the full year target to 6.4% for 2013, to be supported by major festive seasons, year-end school holidays and
Slide 47: Retail (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL (CONT’D) Sunway Pyramid Shopping Mall’s average occupancy rate dropped marginally to 98.3% in FY2013 compared to the previous year of 98.6%. The marginal drop in occupancy was mainly due to on-going works to reconfigure an existing area of 23,432 sq. ft. for Oa
Slide 48: Retail (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL (CONT’D) The Manager expects the retail assets to be the key growth driver for the portfolio supported by macro factors such as positive consumer sentiment, supported by buoyant employment situation, rising levels of disposable income, strong inbound tourism an
Slide 49: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL Tourist arrivals into Malaysia was 25.03 million people with corresponding tourist receipts of RM60.6 billion in 2012, reflecting year-on-year (“y-o-y”) growth of 1.3% and 3.9% respectively (2011: 24.71 billion arrivals with tourist receipts of RM58.3 billion).
Slide 50: Hotel (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL HOTEL (CONT’D) Sunway Putra Hotel occupancy rate for FY2013 stood at 60.2% compared to 59.0% in FY2012 (from date of full control and possession, on 28 September 2011 to 30 June 2012). The hotel performance was adversely affected in May and June 2013 as a result of cl
Slide 51: Hotel (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL HOTEL (CONT’D) The Manager expects the business from the hotel segment with the exception of Sunway Putra Hotel to improve in FY2014 following the removal of uncertainties of domestic political environment and promotional efforts by Ministry of Tourism to create year-
Slide 52: Office
STRICTLY PRIVATE & CONFIDENTIAL OFFICE The overall office market is in for some challenging times as it grapples with both the headwinds from uncertainties of global economy as well as a vast oversupply situation which has already begun to take effect. In Kuala Lumpur, the new supply is expected to
Slide 53: Office (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE (CONT’D) Meanwhile, Sunway Putra Tower experienced a drop in average occupancy rate due to non renewal by tenants. The average occupancy rate slipped to 78.0% for FY2013 compared to 85.2% in FY2012. The Manager is actively seeking for replacement of tenants for
Slide 54: Investor Relations
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 53
Slide 55: Unit Price Performance (IPO to 30 June 2013)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (IPO to 30 June 2013) Sunway REIT vs FBM KLCI (8 July 2010 – 30 June 2013) Performance Statistics* 90.0% Sunway REIT Price : RM0.90 71.1% (as at 8/7/2010) 80.0% Closing Price : RM1.54 70.0% (as at 30/6/2013) 60.0% Highest Price : RM1.70 TR/GPR/A
Slide 56: Unit Price Performance (FY2013)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (FY2013) Sunway REIT vs FBM KLCI (30 June 2012 – 30 June 2013) Performance Statistics* 30.0% Price : RM1.36 TR/GPR/APREA (as at 30/6/2012) Composite REIT Index 25.0% Malaysia Closing Price : RM1.54 18.5% (as at 30/6/2013) Highest Price : RM1.70
Slide 57: Unitholders' Composition – As at 30 June 2013
STRICTLY PRIVATE & CONFIDENTIAL Unitholders’ Composition – As at 30 June 2013 Individual 8.3% Foreign 20.5% Sunway Berhad 34.4% Domestic 79.5% Institutions 57.3% Total number of unit holders as at 30 June 2013: 7,177 (7,025 as at 31 March 2013) 56
Slide 58: Comparative Yields for Various Assets
STRICTLY PRIVATE & CONFIDENTIAL Comparative Yields for Various Assets 7.0% 6.50% 2 6.15% 5 6.0% 5.39% 1 5.0% 4.0% 3.58% 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. Distribution yield based on FY2013 DPU of 8.30 sen for the period 1 July 201
Slide 59: Awards – GEMA Excellence in Corporate Governance – Private Sector
STRICTLY PRIVATE & CONFIDENTIAL Awards – GEMA Excellence in Corporate Governance – Private Sector On 4 July 2013, the Malaysian Institute of Management awarded Sunway REIT the highly acclaimed “Excellence in Corporate Governance-Private Sector”. The Global Excellence in Management Award (GEMA) cerem
Slide 60: Awards – MIRA Malaysia Investor Relations 2013 Awards
STRICTLY PRIVATE & CONFIDENTIAL Awards – MIRA Malaysia Investor Relations 2013 Awards Sunway REIT was nominated for the three categories, namely: (i) Best Company – Mid Capitalisation (ii) Best CEO (iii) Best Investor Relation An independent survey undertaken by Thompson Reuters Extel. The responden
Slide 61: Thank You
THANK YOU Driving values through sustainable growth.
Sunway Real Estate Investment Trust — Q4 FY2013 Earnings Presentation on 6ix