Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — 2Q FY2013 Earnings Presentation
58 slides from Sunway Real Estate Investment Trust's earnings presentation, Jan 23, 2013
Slide 1: Sunway REIT Financial Results 2Q 2013
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 2nd Quarter ended 31 December 2012 (FYE 30 June 2013) Announcement date: 23 January 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 • 2Q 2013 Financial Results • 2Q 2013 Portfolio Performance • 2Q 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 2Q 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 October 2012 - 31 December 2012 1 Distribution Per Unit (DPU) (sen) 2.19 Notice of Entitlement 23 January 2013 Ex-Dividend Date 8 February 2013 Book Closure Date 1
Slide 6: Financial Highlights
STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL FINANCIAL HIGHLIGHTS Highlights 2Q 2013 2Q 2012 Change % 1 No. of Properties 12 11 9.1% Property Value (RM'billion) 4.961 4.387 13.0% No. of Units in circulation 2,700,625,900 2,691,761,600 0.3% Unit Price as at 31 Dec (RM) 1.55 1.25 24.
Slide 7: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM‟ million Gross Revenue RM‟ million Net Property Income 250.0 160.0 140.0 151.0 149.0 1 200.0 1 205.6 205.8 120.0 0.8% 4.4% 100.0 150.0 80.0 78.1 78.7 100.0 72.9 105.8 110.7 60.0 70.3 99.8 95.0 40.0 50.0 20.0 - - 1Q 2Q YTD 1Q 2Q YTD 2013 2012 20
Slide 8: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL FINANCIAL HIGHLIGHTS RM‟ million Income Before Taxation (Realised) DPU RM‟ Sen 120.0 5.00 100.0 108.1 4.00 4.22 95.0 10.6%1 3.74 80.0 10.1% 3.00 60.0 56.1 2.00 52.0 2.19 40.0 50.7 2.03 1.99 44.2 1.75 20.0 1.00 - - 1Q 2Q YTD 1Q 2Q YTD 2013 2012 2013 2012 1 Higher reali
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: 2Q 2013 Financial Results
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 2Q 2013 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 2Q 2013 announcement to Bursa Malaysia Securities Berhad 9
Slide 11: Consolidated Statement of Comprehensive Income – 2Q 2013
STRICTLY PRIVATE & CONFIDENTIAL CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME – 2Q 2013 2Q 2013 2Q 2012 YTD 2013 YTD 2012 Actual Actual Change Actual Actual Change RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 105,820 110,737 -4.4% 205,592 205,776 -0.1% Less : Property operating expenses (27,697) (
Slide 12: Consolidated Statement of Financial Position
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL CONSOLIDATED STATEMENT OF FINANCIAL POSITION 31.12.12 30.09.12 30.06.12 RM'000 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 1,110 589 437 1 Investment properties 4,960,822 4,638,467 4,630,000 Derivative financial instrume
Slide 13: Debt Profile – 2Q 2013
STRICTLY PRIVATE & CONFIDENTIAL DEBT PROFILE – 2Q 2013 Facility Loan Maturity Profile (RM'mil) Limit 1,400.0 RM'mil RM'mil 1,200.0 Term Loan 310.8 310.8 1,000.0 1 Revolving Loan 1,250.0 75.0 800.0 2 Commercial Papers 1 1,250.0* 1,112.0 600.0 1,187.0 400.0 Unrated MTNs 1,000.0 400.0 200.0 400.0 Total
Slide 14: 2Q 2013 Portfolio Performance
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 2Q 2013 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 2Q 2013 announcement to Bursa Malaysia Securities Berhad 13
Slide 15: 2Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 2Q 2013 REVENUE CONTRIBUTION 2Q 2013 (RM'mil) 105.8 2Q 2012 (RM'mil) 110.7 70.0 Retail Hotel Office Others 60.2 60.0 56.9 50.0 40.0 30.0 20.0 13.0 7.9 7.0 9.5 10.8 10.0 6.3 5.8 6.5 4.0 3.1 4.2 4.0 3.9 4.2 1.1 1.1 0.7 1.5 2.1 2.6 0.1 - - 3 S
Slide 16: YTD 2Q 2013 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL YTD 2Q 2013 REVENUE CONTRIBUTION YTD 2Q 2013 (RM'mil) 205.6 YTD 2Q 2012 (RM'mil) 205.8 Retail Hotel Office Others 140.0 118.3 120.0 111.9 100.0 80.0 60.0 40.0 15.4 13.5 18.8 17.8 19.4 20.0 12.8 11.5 12.5 6.0 3.2 8.3 8.1 7.8 8.4 4.3 5.0 2.3
Slide 17: 2Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 2Q 2013 REVENUE CONTRIBUTION By sector By property Others1 Sunway 0% Office Putra Sunway Tower SMC 1 10% Sunway Menara Tower 2% 0% Putra Sunway 4% Hotel Hotel 4% 19% 4% Retail 71% SHSJ 1% Pyramid Tower 5% SRH & Spa 9% Sunway By location
Slide 18: YTD 2Q 2013 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL YTD 2Q 2013 REVENUE CONTRIBUTION By property By sector Others1 0% SMC 1 Sunway Office Menara 0% Putra 10% Sunway Sunway Tower Hotel Putra 4% 18% Hotel Sunway 2% 3% Tower Retail 4% 72% SHSJ Pyramid 0% Tower 6% SRH & Spa 9% Sunway Sunway
Slide 19: 2Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 2Q 2013 NPI CONTRIBUTION NPI Margin 2Q 2013 (RM'mil) 78.1 73.8% 2Q 2012 (RM'mil) 78.7 71.1% 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 Sunway Sunway SRH & 3 Menara Sunway 4 Spa2 Hyper- Putra Tower SHSJ Put
Slide 20: YTD 2Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2013 NPI CONTRIBUTION NPI Margin YTD 2Q 2013 (RM'mil) 151.0 73.4% YTD 2Q 2012 (RM'mil) 149.0 72.4% Retail Hotel Office Others 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 - SCI Sunway Pyramid Sunway Sunway SHSJ 3 Sunway Sunway SRH & Menara Sunway Hyper- Putra S
Slide 21: 2Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 2Q 2013 NPI CONTRIBUTION By property By sector Others 1 0% Office 9% Sunway Tower Sunway Menara 3% Putra Tower 2% SMC1 Sunway Hotel 0% Retail Sunway 4% 25% 66% Putra Hotel 5% SHSJ Pyramid 1% Tower 7% Sunway SRH & Spa Pyramid By location 12% 54% Kuala Lumpur Sunway 14%
Slide 22: YTD 2Q 2013 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2013 NPI CONTRIBUTION By sector By property Others 1 0% Sunway Office Menara Putra Tower 9% Sunway Sunway 1 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 Lumpu
Slide 23: Resilient Income Stream
STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE(1) as at 31 December 2012 –2.6 years Top 10 tenants comprise approximately 18.6% Projected tenancy expiry of portfolio (2) Top ten tenants 50.0% 45.8% Total Top 10 Tenant 18.6% 4
Slide 24: YTD 2Q 2013 Rental Reversion
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2013 RENTAL REVERSION New and renewed Due for renewal in FYE2013 tenancies @ 2Q2013 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 150 306,29
Slide 25: 2Q FY2013 Property Performance
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 2Q FY2013 PROPERTY PERFORMANCE 24
Slide 26: Retail Properties – Sunway Pyramid Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 105.0% 99.3% 98.5% 98.6% 98.6% 99.0% 60% 97.9% 100.0% 50% 92.3% 95.0% 40% 90.0% 30% 85.0% 20% 80.0% 10% 75.0% 4.6% 57.9% 15.6% 19.1% 1.6% 0% 70.0% Jun-08 Jun-09
Slide 27: 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 12.9% Fashion & Footwear Aeon Co (M) Bhd 2.4% Food & Beverage Parkson Corporation Sdn Bhd 1.8% TGV Cinemas Sdn Bhd 1.7% 19.6% Department Store Sunway Resort Hotel
Slide 28: Retail Properties – Sunway Carnival Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 100.0% 96.1% 50% 93.6% 95.0% 45% 91.8% 40% 90.6% 91.2% 89.5% 90.0% 35% 86.8% 30% 85.0% 25% 20% 80.0% 15% 10% 75.0% 5% 29.2% 44.8% 16.7% 6.6% 0% 70.0% Jun 08 Ju
Slide 29: 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 26.2% Fashion & Parkson Corporation Sdn Bhd 10.6% Footwear Food & Beverage GCH Retail (Malaysia) Sdn Bhd 3.3% 22.9% 26.2% Sunway Hotel Seberang Jaya Sdn Bhd 2.8%
Slide 30: 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 2Q Ytd 2Q 2012 2013 Suncity Ipoh Hypermarket is tenanted
Slide 31: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Historical occupancy rates 100.0% 84.0% 90.0% 79.8% 73.1% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 17.6% 20.0% 10.0% 0.0% Jun-11 Jun-12 Ytd 2Q 2012 Ytd 2Q 2013 1. Sunway Putra Mall was acquired via a public auction on 30 March 2011 and
Slide 32: 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 58.5% Fashion & Parkson Corporation Sdn Bhd 47.0% Footwear 13.2% Golden Arches Restaurant Sdn Bhd 2.0% 17.8% Food & Beverage Pizza Hut Restaurant Sdn Bhd 1.7% 9.3% Department
Slide 33: Hospitality Properties – Sunway Resort Hotel & Spa
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY RESORT HOTEL & SPA (Cont‟d) Historical occupancy rate (Y-o-Y) Average occupancy rate (Q on Q comparison) 95.0% 90.0% 84.0% 82.0% 82.0% 85.0% 79.7% 80.0% 78.0% 77.5% 80.0% 76.0% 78.0% 76.0% 75.0% 74.0% 1 69.4% 71.9% 71.4% 66.7% 72.0% 70.
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) 86.0% 92.0% 90.2% 84.0% 83.1% 90.0% 82.1% 88.0% 86.6% 81.3% 82.0% 80.9% 86.0% 84.0% 83.0% 82.6%1 80.0% 78.8% 82.0% 80.3% 80.0% 78.1% 78.0% 78.0% 7
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) 100.0% 95.0% 80.0% 75.3% 75.7% 75.5% 90.0% 70.0% 85.0% 81.2% 80.0% 60.0% 78.8% 77.0% 49.5% 1 47.9% 80.0% 50.0% 46.3% 1 75.0% 70.2% 40.0% 70
Slide 36: Hospitality Properties – Sunway Putra Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Historical occupancy rate Average occupancy rate 1 FY 2012 59.0% 80.0% 70.5% 70.0% 62.9% Customer contribution (Room revenue) 59.5% 59.5% 60.0% 55.4% Corporate 73.4% 50.0% 40.0% Leisure 26.6% 30.0% 20.0% 10.0% 0.0% 1Q 2013 2
Slide 37: Office Properties – Menara Sunway
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Historical occupancy rates Projected lease expiry schedule 102.0% 99.7% 99.4% 99.2% 100.0% 98.5% 60% 97.7% 97.3% 98.0% 50% 96.0% 40% 94.0% 30% 94.0% 20% 92.0% 10% 3.2% 63.8% 19.8% 11.4% 90.0% 0% Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Ytd
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 82.9% 2.8% 24.8% Sunway Integrated Properties 17.4% 8.5% Management services 2.8% Sunway Management Sdn Bhd 14.5% Property Maxis Mobile Sdn Bhd 14.1% Communication Sunway Con
Slide 39: Office Properties – Sunway Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY TOWER Historical occupancy rates Projected lease expiry schedule 100.0% 95.6% 97.0% 93.5% 93.8% 90.0% 2 1 80.0% 81.8% 60% 70.0% 70.1% 50% 67.1% 60.0% 50.0% 40% 40.0% 30% 30.0% 20% 20.0% 10.0% 10% 6.6% 0.5% 74.8% 0.0% 0% Jun-08 Jun-09 Jun-10
Slide 40: 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 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% 90.4% 85.2% 1 76.5% 80.0% 60% 50% 60.0% 40% 40.0% 30% 20% 20.0% 10% 47.7% 26.1% 1.4% 1.3% 0.0% 0% Jun-11 Jun-12 Ytd 2Q 2012 Ytd 2Q 2013 FY2013 FY2014 FY2015
Slide 42: Office Properties – Sunway Putra Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER (Cont‟d) Tenant mix Top tenants 1.9% 1.8% 2.2% 3.4% Communication Top tenants 100.0% 6.9% Suruhanjaya Koperasi Malaysia 58.1% Education Kementerian Perdagangan Dlm Negeri 20.4% Government Agency President Academy Sdn Bhd 6.9% Sur
Slide 43: Market Outlook
STRICTLY PRIVATE & CONFIDENTIAL MARKET OUTLOOK 42
Slide 44: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK The International Monetary Fund (“IMF”) is projecting the world economy to grow by 3.6% in CY2013 with gradual strengthening of the U.S. economy. Meanwhile, Asian economy is expected to remain resilient with China moving toward more sustainable growth.
Slide 45: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK Inflation has been benign in CY2012 with YTD (January 2012 – November 2012) inflation stood at 1.7%. In our view, inflation may creep up in CY2013 following a year of low inflation environment as well as possibilities of electricity tariff hike after t
Slide 46: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL The retail industry in Malaysia is expected to expand by 5.8% in 2012 assuming that growth for the last quarter of 2012 comes in at 5.7%, according to Retail Group Malaysia (“RGM”). The full year growth was dragged down by the weak growth in the third quarter d
Slide 47: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL Meanwhile, Sunway Carnival Shopping Mall‟s average occupancy rate improved further to 96.1% for YTD 2Q2013, from 95.7% in 1Q2013. YTD 2Q2013, a total of 9,993 sq. ft. of lettable space due for renewal was renewed at an average rental reversion rate of 15.6% ove
Slide 48: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL In the Budget 2013 announcement, total revenue generated from the tourism sector is estimated to increase to RM62.0 billion in CY2012 from RM58.3 billion in CY2011. In order the achieve the target CY2011 – CY2013 CAGR of 8.0%, tourism receipts is expected to sur
Slide 49: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL In Penang mainland, Sunway Hotel Seberang Jaya experienced a slowdown in business and low occupancy rate due to the ongoing refurbishment exercise. Average occupancy rate dipped to 46.2% in 2Q2013 from 49.5% in 1Q2013. On a year-on-year basis, average occupancy
Slide 50: Office
STRICTLY PRIVATE & CONFIDENTIAL OFFICE The office sub-sector is expected to remain challenging as a result of oversupply and stiff competition. Rentals are expected to remain stagnant or possibly on a declining trend. On the demand side, demand will be driven by relocation of tenants from older offi
Slide 51: Sunway Putra Place
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE The business performance of Sunway Putra Place was lower for YTD 2Q2013 vis-à-vis the corresponding period in 2Q2012, attributable to lower contribution from Sunway Putra Mall and Sunway Putra Tower. The drop was however mitigated by stronger perfor
Slide 52: Investor Relations
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 51
Slide 53: Unit Price Performance (IPO to 2Q 2013)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (IPO to 2Q 2013) Sunway REIT vs FBM KLCI (8 July 2010 – 31 Dec 2012) Performance Statistics* 1.60 Sunway REIT 1,800 Price (as at RM0.90 8/7/2010) 1.50 1,700 Closing Price (as at : RM1.55 31/12/2012) 1.40 Highest Price : RM1.63 FBM KLCI 1,600 1.3
Slide 54: Unit Price Performance (Cumulative 2Q2013)
STRICTLY PRIVATE & CONFIDENTIAL Unit Price Performance (Cumulative 2Q2013) Sunway REIT vs FBM KLCI (30 June 2012 – 31 Dec 2012) Performance Statistics* 1.60 1,700 Price (as at RM1.36 FBM KLCI 30/6/2012) 1,680 1.55 Closing Price (as at : RM1.55 1,660 31/12/2012) 1,640 FBM KLCI Unit Price (RM) 1.50 Hi
Slide 55: Unitholders' Composition – As at 31 Dec 2012
STRICTLY PRIVATE & CONFIDENTIAL Unitholders‟ Composition – As at 31 Dec 2012 Individual 7.7% Foreign 21.4% Sunway Berhad 36.9% Domestic 78.6% Institutions 55.4% Total number of unit holders as at 31 Dec 2012: 6,887 (6,599 as at 28 Sept 2012) 54
Slide 56: Comparative Yields for Various Assets
STRICTLY PRIVATE & CONFIDENTIAL Comparative Yields for Various Assets 7.0% 6.6% 2 6.0% 5 6.0% 5.4% 1 5.0% 4.0% 3.5% 3 3.2% 4 3.0% 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 July 2012 t
Slide 57: Awards
STRICTLY PRIVATE & CONFIDENTIAL Awards On 1 November 2012, Sunway REIT was awarded the National Annual Corporate Report Awards (“NACRA”) under the category of Industry Excellence Awards for REIT and Closed-End Funds. This is the inaugural award for the newly created category for REIT and Closed-End
Slide 58: Thank You
THANK YOU
Sunway Real Estate Investment Trust — 2Q FY2013 Earnings Presentation on 6ix