Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q4 2016 Earnings Presentation
18 slides from Singapore Exchange's earnings presentation, Feb 15, 2017
Slide 1: Lippo Malls Indonesia Retail Trust 4Q 2016 Results Presentation
Lippo Malls Indonesia Retail Trust 4Q 2016 Results Presentation 15 February 2017
Slide 2: Disclaimer
Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statem
Slide 3: Key Highlights
Key Highlights S$ ’000 4Q 2016 4Q 2015 Variance FY 2016 FY 2015 Variance Total Income 48,706 44,638 9.1% 188,066 173,004 8.7% Net Property Income 44,566 40,200 10.9% 171,860 158,565 8.4% Distributable Income 24,335 22,690 7.2% 95,468 85,553 11.6% to Unitholders DPU (cents) 0.87 0.81 7.4% 3.41 3.10 1
Slide 4: Performance Summary
Performance Summary Gross Revenue (S$ '000) NPI (S$ '000) 50,000 45,000 44,566 49,000 48,706 44,000 48,000 43,000 47,000 42,000 46,000 41,000 45,000 44,638 40,200 40,000 44,000 43,000 39,000 42,000 38,000 4 4Q 2015 4Q 2016 4Q 2015 4Q 2016 Distributable Income to Unitholders DPU (S$ Cents) (S$ '000)
Slide 5: Financial Highlights
COPY FOR ASTRA INTERNATIONAL Financial Highlights 5 5 5 5
Slide 6: Key Financial Highlights
Key Financial Highlights 4Q 2016 4Q 2015 % 4Q 2016 4Q 2015 % Variance (S$ ‘000) (S$ ‘000) Variance (IDR million) (IDR million) Gross Rent 39,908 36,651 8.9 374,360 356,956 4.9 Other Income 520 622 (16.4) 4,972 6,097 (18.5) Parking Income 6,864 6,033 13.8 64,455 58,754 9.7 Rental of Electrical, Mecha
Slide 7: Key Financial Highlights
Key Financial Highlights Gross Revenue (S$’000) 188,066 173,004 152,599 144,026 48,706 129,370 136,108 136,985 44,638 101,761 47,030 44,137 79,638 42,257 46,806 41,972 45,524 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 7 Net Property Income (S$’000) 171,860 143,360 158,56
Slide 8: Key Financial Highlights
Key Financial Highlights Distributable Income to Unitholders (S$’000) 95,468 85,553 73,023 24,335 68,014 64,137 22,690 59,492 54,009 47,878 47,446 24,153 21,487 19,875 23,802 21,501 23,178 8 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 DPU (Cents) 0.86 0.87 0.81 0.83 0.85
Slide 9: Balance Sheet
Balance Sheet 31 December 2016 31 December 2015 S$ million S$ million Non Current Assets 1,949.41 1,837.32 Current Assets 115.9 150.5 Total Debt 650.7 695.0 Other Liabilities 182.0 217.7 Total Equity3 1,232.6 1,075.1 9 Gearing Ratio 31.5% 35.0% Total Units In Issue (million) 2,803.0 2,797.8 Net Asse
Slide 10: Distribution Details October 2016 – December 2016
Distribution Details 1 October 2016 – 31 December 2016 Total DPU 0.87 cents - Tax-Exempt 0.56 cents 10 - Capital 0.31 cents Books Closure Date 23 February 2017 Tentative Distribution Payment Date 15 March 2017 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributa
Slide 11: Portfolio Performance
COPY FOR ASTRA INTERNATIONAL Portfolio Performance 11 11 11
Slide 12: Strategically Located Portfolio
Strategically Located Portfolio LMIRT has a diversified portfolio of 20 retail malls and 7 retail spaces across Indonesia Portfolio across Indonesia: Metropolis Town Square Pluit Village – 10 malls across Greater North West Central Jakarta Jakarta Mall WTC Matahari Jakarta Jakarta Gajah Mada Plaza
Slide 13: Consistently Diversified Trade Mix
Consistently Diversified Trade Mix As at 31 December 2016 Trade Sector Breakdown by Rental Income Trade Sector Breakdown by NLA 1.3% 0.2% 0.7% 0.1% 3.0% 2.6% 4.4% 6.3% 10.1% 11.3% 11.0% 10.0% 0.5% 19.3% 0.4% 15.7% 3.9% 13 17.6% 10.0% 1.6% 9.2% 0.8% 4.5% 4.8% 0.5% 1.2% 10.1% 1.6% 1.8% 9.0% 0.5% 0.3%
Slide 14: Top Tenants by Gross Rental Income
Top 10 Tenants by Gross Rental Income As at 31 December 2016, includes retail space Centro 0.3% Gramedia 0.4% Cinemaxx 0.4% Sport Station 0.5% Solaria 0.5% ACE Hardware 14 0.6% Electronic Solution 0.6% Carrefour 2.5% Hypermart 6.7% Matahari Department Store 9.5% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.
Slide 15: Lease Expiry Profile
Lease Expiry Profile Weighted Average Lease Expiry (by NLA) as at 31 December 2016: 4.51 years 40% 34% 35% 30% 25% 23% 20% 15 15% 12% 10% 10% 9% 5% 0% 2017 2018 2019 2020 >2021 LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter- term leases for non-anchor t
Slide 16: Rental Reversion Trend
Rental Reversion Trend As at 31 December 2016 50,000 45,628 70.0% 45,000 40,000 60.0% 36,026 35,000 50.0% 30,606 30,000 26,542 25,115 24,764 40.0% 16 25,000 22,906 22,072 20,920 20,000 17,650 19,039 30.0% 16,455 16,575 16,238 16,094 27.1%15,168 15,000 13,598 25.7% 11,970 13,634 10,117 22.9% 20.0% 11
Slide 17: Debt Maturity Profile
Debt Maturity Profile As at 31 December 2016 70% of LMIRT’s debt is on a fixed rate basis, mitigating the impact of interest rate fluctuations Weighted Average Maturity of Debt Facilities is 2.59 years 300 37.6% 250 4 3 200 27.3% 100 19.2% 5 150 1 5 75 2 4 6 15.8% 17 1 100 50 6 7 3 145 2 50 103
Slide 18: Thank You
LMIR TRUST LIPPO MALLS INDONESIA RETAIL TRUST Thank You
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