Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Suntec REIT — Q1 2016 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, April 2016

  1. Slide 1: Financial Results for First Quarter ended 31 March 2016

    FINANCIAL RESULTS For First Quarter ended 31 March 2016 AGENDA  Q1 Highlights  Financial Performance  Portfolio Performance  AEI Updates  177 Pacific Highway Updates  Looking Ahead  Unit Performance 2

  2. Slide 2: Q1 Highlights

    Q1 HIGHLIGHTS Q1 HIGHLIGHTS FINANCIAL HIGHLIGHTS Distributable Income S$60.0 mil + 7.2% 2.371 + 6.3% DPU cents 4

  3. Slide 3: Q1 Highlights: Portfolio Performance

    Q1 HIGHLIGHTS PORTFOLIO PERFORMANCE NLA NLA 2.4 mil sf 1.0 mil sf OFFICE RETAIL Committed Committed Occupancy Occupancy 98.3% 98.6% 5 FINANCIAL PERFORMANCE

  4. Slide 4: Financial Performance: 1Q FY16

    FINANCIAL PERFORMANCE: 1Q FY16 Achieved DPU of 2.371 cents 1 January – 31 March 2016 1Q FY16 1Q FY15 Change Gross Revenue S$78.3 mil S$74.5 mil 5.2% Net Property Income S$54.0mil S$51.4 mil 5.1% Distributable Income S$60.0mil S$56.0 mil 7.2% ‐ from operations S$56.0 mil S$56.0 mil 0.0% ‐ from capita

  5. Slide 5: Debt-to-Asset Ratio Stood at 34.7%

    DEBT‐TO‐ASSET RATIO STOOD AT 34.7% Debt Metrics 31 Mar 2016 Total Debt Outstanding (Group) S$3.046 bil Debt‐to‐Asset Ratio1 34.7% All‐in Financing Cost 2.92% Interest Coverage Ratio 3.6x Issuer Rating “Baa2” Note: 1. Suntec REIT’s “Aggregate Leverage Ratio” as at 31 March 2016 was 36.0%. “Aggregate

  6. Slide 6: S$6.6 Billion of Financing Since April 2009

    S$6.6 BILLION OF FINANCING SINCE APRIL 2009 Financing Track Record 2,000 1,805 1,800 1,600 1,400 1,280 1,200 1,110 S$ mil 1,000 825 800 600 429 400 350 270 200 200 153 120 105 ‐ 2009 2010 2011 2012 2013 2014 2015 2016 Debt Equity  Average all‐in financing cost of 2.92% for 1Q FY16 11 NAV PER UNIT O

  7. Slide 7: Distribution Timetable

    DISTRIBUTION TIMETABLE Distribution Payment Distribution Period 1 January – 31 March 2016 Amount (cents/unit) 2.371 Ex‐date 27 April 2016 Books closure date 29 April 2016 Payment date 26 May 2016 Source: ARATMS 13 PORTFOLIO PERFORMANCE

  8. Slide 8: Strong Office Portfolio Committed Occupancy

    STRONG OFFICE PORTFOLIO COMMITTED OCCUPANCY 99.8% 99.3% 100.0% 97.5% 98.3% 91.7% 90.0% 80.0% 70.0% 60.0% 50.0% Suntec Office Park Mall Office One Raffles Quay MBFC Properties Office Portfolio  Achieved 98.3% committed occupancy for office portfolio1 as at 31 March 2016 Note: 1. Suntec REIT owns a 3

  9. Slide 9: Suntec City Office Achieved 97.5% Committed Occupancy

    SUNTEC CITY OFFICE ACHIEVED 97.5% COMMITTED OCCUPANCY 100.0%100.0%100.0% 100.0% 100% 99.1% 99.5% 99.5% 99.2% 99.5% 99.4%99.4% 99.7% 99.2% 99.4% 100.0% 99.6% 99.5% 99.3% 98.9% 98.1% 98.0% 98.4% 98% 97.5% 96.6% 96% 95.5% 95.0% 94% 92% 90% 88% 86% 84% 82% 80% Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Jun 11 S

  10. Slide 10: Retail Portfolio Lease Expiry Profile

    RETAIL PORTFOLIO LEASE EXPIRY PROFILE Lease Expiry as % of Total Retail NLA1 (sq ft) 40.0% Expiry Profile Net Lettable Area1 As at 31 Mar 16 Sq ft % of Total 30.0% 26.1% FY 2016 208,150 23.1% 23.1% 21.7% FY 2017 235,665 26.1% 20.0% 15.3% FY 2018 196,414 21.7% 12.5% 10.0% FY 2019 112,505 12.5% FY 202

  11. Slide 11: Remaking of Suntec City – AEI Completed in June 2015

    REMAKING OF SUNTEC CITY – 3 YEARS AEI COMPLETED IN JUNE 2015 ACHIEVED 98.7% COMMITTED OCCUPANCY PHASE 3 – Opened in June 2015 PHASE 2 – Opened in June 2014  Overall committed passing rent1 PHASE 1 – Opened in June stands at $12.00 psf/mth 2013 currently Note: 1. On a stablised basis 21 177 PACIFIC

  12. Slide 12: Looking Ahead: Development Updates

    DEVELOPMENT UPDATES Dec 2013 Feb 2014 Now 2H 2016 Completed acquisition Ground breaking ceremony Construction in progress Target completion 23 LOOKING AHEAD

  13. Slide 13: AUM of S$9.3 Billion

    AUM OF S$9.3 BILLION* AUM (S$b) ASSETS UNDER MANAGEMENT 10 9.3* 8.6 8.8 8.0 7.7 SINGAPORE: 8 7.0 6 5.4 5.2 S$ bil 4.6 4 3.2 2.2 2.3 2 0 Dec 04Sep 05 Sep 06Sep 07Dec 08Dec 09Dec 10Dec 11Dec 12Dec 13Dec 14Dec 15 Source: ARATMS  Singapore’s 2nd largest REIT by AUM with a strong portfolio of strategica

  14. Slide 14: Unit Performance

    UNIT PERFORMANCE UNIT PERFORMANCE  1Q FY2016 DPU of 2.371 cents  Trading yield of 5.69%1  Market Capitalisation of S$4.2 billion1 as at 31 March 2016  38th largest company2 on SGX 2.30 25 2.10 Volume (Daily, Millions) 1.90 20 Unit Price (S$) 1.70 15 1.50 1.30 10 1.10 0.90 5 0.70 0.50 0 Dec‐04Jun

  15. Slide 15: Stable Sustainable DPU

    STABLE SUSTAINABLE DPU 3.0 2.750 2.532 2.533 2.479 2.562 2.577 2.513 2.528 2.502 2.500 2.522 2.453 2.5 2.388 2.361 2.350 2.326 2.371 2.316 2.289 2.328 2.228 2.249 2.229 2.266 2.230 2.0 1.5 1.0 0.5 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2010 2010 2010 2010 2011

  16. Slide 16: Thank You

    CONTACT ARA Trust Management (Suntec) Limited Yeo See Kiat Chief Executive Officer seekiatyeo@ara.com.hk Low Poh Choo Senior Director, Finance pohchoolow@ara.com.hk Ng Ee San Director, Finance eesanng@ara.com.hk Melissa Chow Manager, Investor Relations melissachow@ara.com.hk #16‐02 Suntec Tower 4 Te

  17. Slide 17: Disclaimer

    DISCLAIMER This presentation is focused on the comparison of actual results for the quarter ended 31 March 2016 versus results achieved for the quarter ended 31 March 2015. It should be read in conjunction with Paragraph 8 of Suntec REIT’s financial results for the quarter ended 31 March 2016 announ

Suntec REIT — Q1 2016 Earnings Presentation on 6ix