Frasers Centrepoint Trust · SGX:J69U
Frasers Centrepoint Trust — 1Q FY2022 Earnings Presentation
25 slides from Frasers Centrepoint Trust's earnings presentation, Jan 25, 2022
Slide 1: Frasers Centrepoint Trust
Frasers Centrepoint Trust Business updates for the first quarter ended 31 December 2021 25 January 2022
Slide 2: Forward-looking statements disclaimer
• Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statement and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performanc
Slide 3: Sections
Sections Slide number 1. 1Q22 Highlights 4 2. Financial Position 8 3. Portfolio Update 11 4. Summary 18 5. Appendix 20 3
Slide 4: 1Q22 Highlights
1Q22 Highlights Causeway Point, Woodlands
Slide 5: 1Q 2022 business highlights
1Q 2022 business highlights ◆ FCT retail portfolio committed ◆ Gearing level at 34.5%, strong occupancy stable at 97.2%. financial position with ample debt ◆ Good leasing traction over the first headroom to support growth. quarter with only 22.8% (by GRI) to be renewed over the remainder of ◆ FCT re
Slide 6: Resilient performance despite continuing COVID-19 impact
Resilient performance despite continuing COVID-19 impact ◆ FCT occupancy maintained at a healthy level of 97.2%1 with new retail concepts and brands introduced to refresh shopper experience and ensure sustainable trading. ◆ Healthy demand for retail spaces within FCT's well-located and dominant subu
Slide 7: 2022 GDP growth forecast at 3% to 5%
2022 GDP growth forecast at 3% to 5% Chart 1: Prime retail rents by submarkets (CBRE) ◆ Singapore economy grew by 7.2% in 20211. S$ per square foot /month The Ministry of Trade and Industry (MTI) Orchard Prime Suburban Prime expects the strong growth to moderate to 3% to 40.00 5% in 20222. 34.20 35.
Slide 8: Financial Position
Financial Position Tampines 1, Tampines
Slide 9: Credit rating and debt maturity profile as at 31 December 2021
31 Dec 21 30 Sep 21 Debt Maturity Profile as at 31 December 2021 Average debt maturity (years) 2.28 2.47 S$521.0 S$524.0 million million Gearing level1 34.5% 33.3% (27.5% of total (27.7% of total borrowing) borrowing) S$391.0 Interest Cover (times)2 5.81 5.11 million (20.6% of total borrowing) % of
Slide 10: Green loans account for approximately 17% of total borrowings
◆ Green loans account for As at 31 December 2021 MTN and approximately 17% of total EMTN, borrowings1. S$300.0 million ◆ Establishment of Sustainable Finance 15.9% Framework allows FCT to access additional funding sources to enhance its financial flexibility and diversify its Secured bank funding op
Slide 11: Portfolio Update
Portfolio Update Waterway Point, Punggol
Slide 12: Committed retail portfolio occupancy maintained at 97.2%
Committed retail portfolio occupancy maintained at 97.2% ◆ Retail portfolio occupancy remained stable despite market challenges. ◆ Central Plaza’s vacancy due mainly to exit of an anchor tenant; exploring opportunity for reconfiguration of anchor space. ◆ Proactive leasing management at Century Squa
Slide 13: Tenants' sales and shopper traffic improved over Q4 2021
Tenants’ sales and shopper traffic improved over Q4 2021 ◆ Improved tenants’ sales attributed to easing of dining-in restrictions and seasonality. ◆ Performance across trade sectors remains uneven. ◆ Cessation of WFH as the default mode from January 2022 expected to gradually increase shopper traffi
Slide 14: Retail lease expiry profile
Retail lease expiry profile Retail lease expiry profile as % of total GRI WALE @ 31 Dec 2021: 1.84 years by NLA (4Q21: 1.64 years) 1.77 years by GRI (4Q21: 1.64 years) ■ Expiries as at 31 December 2021 ■ Expiries as at 30 September 2021 Lease expiry as at FY2027 FY2022 FY2023 FY2024 FY2025 FY2026 To
Slide 15: Lease expiry profile by property
Lease expiry profile by property Lease Expiries1,2 in FY2022 Number of leases Lease area expiring as % of leased area of as % of total GRI of (As at 31 December 2021) expiring (sq ft) property property Causeway Point 55 78,731 19.0% 18.8% Waterway Point 53 67,468 18.3% 18.9% Tampines 1 43 64,311 24.
Slide 16: New shops opening at FCT malls
New shops opening at FCT malls Other new additions Adidas at Tampines 1 Novela at Waterway Point Don Don Donki at Waterway Point Huggs Coffee at Changi City Point 16
Slide 17: Collaborating with agencies and partners against COVID-19
Collaborate with agencies and partners to support the Supporting the effort to reduce the use of fight against COVID-19; leveraging the accessibility and physical notes; use of environmentally convenience of our malls to reach out to the community. friendly material for festive red packets. Mobile V
Slide 18: Summary
Summary Waterway Point, Punggol
Slide 19: FCT is well-positioned to ride the re-opening of the economy
FCT is well-positioned to ride the re-opening of the economy Economic re-opening and normalisation augurs well for retail performance although COVID-19 continues to pose risks to FCT's business and financial performance. Portfolio is well-positioned for growth with healthy balance sheet. Resilient a
Slide 20: Appendix
2 GH Rint TRUST Appendix
Slide 21: Definition of terms used in this presentation
Definition of terms used in this presentation ◆ 4Q21: 3 months ended 30 September 2021 ◆ SST: Sapphire Star Trust, which holds Waterway Point; it is a joint venture of FCT ◆ 1Q22: 3 months ended 31 December 2021 ◆ WALE: Weighted Average Lease Expiry ◆ AEI: Asset Enhancement Initiative ◆ y-o-y: year-
Slide 22: FCT property portfolio
Causeway Point Waterway Point (40%-owned)1 Tampines 1 Northpoint City North Wing2 Tiong Bahru Plaza ◆ NLA: 419,626 sq ft ◆ NLA: 389,335 sq ft ◆ NLA: 268,504 sq ft ◆ NLA: 240,214 sq ft ◆ NLA: 214,708 sq ft ◆ BCA Green Mark Platinum ◆ BCA Green Mark GoldPlus ◆ BCA Green Mark GoldPlus ◆ BCA Green Mark
Slide 23: Top ten tenants
No. Tenants As % of total NLA As % of total GRI 1 NTUC Fairprice1 4.3% 3.3% 2 Dairy Farm Group2 3.1% 2.8% 3 Kopitiam3 3.1% 2.7% 4 Breadtalk Group4 1.8% 2.3% 5 Metro (Private) Limited5 2.6% 1.7% 6 Hanbaobao Pte. Ltd.6 0.9% 1.5% 7 Courts (Singapore) Pte. Ltd. 1.5% 1.4% 8 Oversea-Chinese Banking Corpor
Slide 24: Trade classifications
Trade Classifications As % of total NLA As % of total GRI (by order of decreasing % of Total GRI) Food & Beverage 29.2% 37.5% Beauty & Healthcare 11.2% 14.9% Fashion & Accessories 11.5% 11.9% Sundry & Services 5.9% 8.6% Supermarket & Grocers 9.1% 6.1% Homeware & Furnishing 4.8% 3.3% Information
Slide 25: Inspiring experiences, creating places for good.
Inspiring experiences, creating places for good.
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