Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — 2Q FYE June 2012 Earnings Presentation
67 slides from Sunway Real Estate Investment Trust's earnings presentation, February 2012
Slide 1: Sunway REIT Financial Results 2nd Quarter ended 31 December 2011
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY REIT FINANCIAL RESULTS 2nd Quarter ended 31 December 2011 (FYE 30 June 2012) 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 2012 Financial Results • 2Q 2012 Portfolio Performance • 2Q 2012 Property Performance • Awards and Recognition • Asset Enhancement • 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 2Q2012 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 Oct 2011 - 31 Dec 2011 1 Distribution Per Unit (DPU) (sen) 1.99 Notice of Entitlement 9 Feb 2012 Ex-Dividend Date 22 Feb 2012 Book Closure Date 24 Feb 2012 Payment
Slide 6: Financial Highlights
STRICTLY PRIVATE STRICTLY PRIVATE && CONFIDENTIAL CONFIDENTIAL Financial Highlights Highlights 2Q 2012 2Q 2011 Change % No. of Properties 11 8 37.5% Property Value (RM'billion) 4.387 3.729 17.6% No. of Units in circulation 2,691,761,600 2,682,347,900 0.4% Unit Price as at 31 Dec (RM) 1.25 1.03 21.4%
Slide 7: Financial Highlights
STRICTLY PRIVATE & CONFIDENTIAL Financial Highlights RM’ million Gross Revenue RM’ million Net Property Income 250.0 160.0 149.0 205.8 140.0 1 200.0 118.0 1 120.0 25.3 % 29.8 % 157.8 150.0 100.0 78.7 110.7 80.0 70.3 95.1 62.8 100.0 85.3 60.0 55.2 72.5 40.0 50.0 20.0 - - Q1 Q2 YTD Q1 Q2 YTD 2012 2011
Slide 8: Key Updates
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Key Updates Pursuant to the FTSE Bursa Malaysia Advisory Committee’s Semi Annual Meeting for FTSE Bursa Malaysia Index Series on 8 December 2011, Sunway REIT was omitted due to change in pre-requisite methodology and criteria in meeting
Slide 9: 2Q 2012 Financial Results
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 2Q 2012 FINANCIAL RESULTS Note : The financial results should be read in conjunction with the 2Q2012 announcement to Bursa Malaysia Securities Berhad 8
Slide 10: Consolidated Statement of Comprehensive Income – 2Q 2012
STRICTLY PRIVATE & CONFIDENTIAL Consolidated Statement of Comprehensive Income – 2Q 2012 1 2Q 2012 2Q 2011 YTD 2012 YTD 2011 Actual Actual Change Actual Actual Change RM'000 RM'000 % RM'000 RM'000 % Gross Revenue 110,737 85,333 29.8% 205,776 157,778 30.4% Less : Property operating expenses (32,015)
Slide 11: Consolidated Statement of Financial Position
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Consolidated Statement of Financial Position 31.12.2011 30.6.2011 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 331 122 Investment properties 4,387,353 4,379,000 4,387,684 4,379,122 Current assets Receivables, deposits & p
Slide 12: Debt Profile – 31 Dec 2011
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Debt Profile – 31 Dec 2011 Term Loan Maturity Profile (RM'mil) Term Loan (RM'million) 1,588.4 800 700 600 Average Cost of Debt 4.67% 500 400 Debt service cover ratio (DSCR) 3.8 674 300 - 514 Gearing Ratio 35.5% 200 - 100 240 160 - - - 1
Slide 13: 2Q 2012 Portfolio Performance
STRICTLY STRICTLYPRIVATE PRIVATE &&CONFIDENTIAL CONFIDENTIAL 2Q 2012 PORTFOLIO PERFORMANCE Note : The financial results should be read in conjunction with the 2Q2012 announcement to Bursa Malaysia Securities Berhad 12
Slide 14: 2Q 2012 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL 2Q 2012 Revenue Contribution 2Q 2012 (RM'mil) 110.7 2Q 2011 (RM'mil) 85.3 Retail Hotel Office 60.0 56.9 52.9 50.0 40.0 30.0 20.0 12.9 10.8 9.9 10.0 7.0 6.4 6.5 5.4 3.2 4.0 3.9 4.2 4.3 2.6 1.1 1.0 1.5 1.5 - - - - Sunway Sunway SCI Sunway SRH
Slide 15: 2Q 2012 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 2Q 2012 Revenue Contribution By sector Sunway By property Sunway Office 10% Putra Menara Putra Hospitality Hotel Sunway Tower 20% SHSJ 3% 4% 2% 1% Sunway Retail Tower 70% 4% Pyramid Tower Sunway 6% Pyramid SRH & 51% Spa 10% By location
Slide 16: YTD 2Q 2012 Revenue Contribution
STRICTLY STRICTLYPRIVATE PRIVATE&&CONFIDENTIAL CONFIDENTIAL YTD 2Q 2012 Revenue Contribution YTD (RM'mil) 205.8 LYTD1 (RM'mil) 157.8 Retail Hotel Office 120.0 111.9 99.6 100.0 80.0 60.0 40.0 18.8 19.4 20.0 13.511.6 16.2 12.510.2 8.1 7.4 8.4 8.3 2.3 2.0 2.7 2.5 3.2 5.0 - - - - Sunway Sunway SCI Sunwa
Slide 17: YTD 2Q 2012 Revenue Contribution
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL YTD 2Q 2012 Revenue Contribution By sector Office By property Sunway 11% Sunway Hospitality Putra Menara Putra 20% Hotel Sunway Tower 2% 4% 3% Sunway Retail SHSJ Tower 71% 1% 4% Pyramid Tower 6% SRH & Spa 9% Sunway By location Sunway Py
Slide 18: 2Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 2Q 2012 NPI Contribution NPI Margin 2Q 2012 (RM'mil) 78.7 71.1% 2Q 2011 (RM'mil) 62.8 73.6% 45.0 Retail Hotel Office 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - SCI Sunway Sunway Sunway Sunway Sunway SRH & Pyramid Menara Sunway Hyper- Putra SHSJ Putra Putra Pyramid Carni
Slide 19: 2Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL 2Q 2012 NPI Contribution By sector Menara Sunway By property Sunway Office 9% 3% Sunway Tower Putra Tower Sunway 4% 2% Hotel Putra Hotel 27% 4% SHSJ 2% Retail 64% Pyramid Tower 8% Sunway Pyramid By location SRH & Spa 51% 13% Kuala Lumpur 17% Sunway Penang Putra Mall S
Slide 20: YTD 2Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2012 NPI Contribution NPI Margin YTD 2012 (RM'mil) 149.0 72.4% YTD 2011 1 (RM'mil) 118.0 74.8% 90.0 Retail Hotel Office 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 - SCI Sunway Sunway Sunway Sunway Sunway SRH & Pyramid Menara Sunway Hyper- Putra SHSJ Putra Putra Py
Slide 21: YTD 2Q 2012 NPI Contribution
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2012 NPI Contribution By sector By property Sunway Office Menara Sunway Putra Tower 10% Sunway 4% 2% Putra Hotel 2% Hotel Sunway Tower SHSJ 25% Retail 4% 2% 65% Pyramid Tower 8% Sunway Pyramid 53% SRH & Spa 13% By location Kuala Sunway Lumpur Putra Mall Penang
Slide 22: Resilient Income Stream
STRICTLY PRIVATE & CONFIDENTIAL RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE as at 31 December 2011 –2.85 years Top 10 tenants comprise approximately 17.7% Projected tenancy expiry of portfolio(1) Top ten tenants contribution as 17.7% of total revenue 50.
Slide 23: YTD 2Q 2012 Rental Reversion
STRICTLY PRIVATE & CONFIDENTIAL YTD 2Q 2012 RENTAL REVERSION No. of NLA NLA due for Total % NLA Properties renewed renewed renewal in FYE increase in 3 renewed tenancies sq.ft. 2012 years Sunway Pyramid 143 266,465 313,168 85.1% 17.1% Sunway Carnival 23 52,041 69,230 75.2% 6.4% Menara Sunway 9 30,35
Slide 24: 2Q 2012 Property Performance
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 2Q 2012 PROPERTY PERFORMANCE 23
Slide 25: Retail Properties – Sunway Pyramid Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL Occupancy rates Projected lease expiry schedule Avg occupancy rate 70% 26.40 30 100.0% 99.3% 98.5% 1 60% 97.9% 98.1% 98.6% 25 95.0% 50% 92.3% 90.0% 40% 15.92 20 30% 15 85.0% 9.83 20% 9.53 8.86 80.0% 10 10% 2.7% 19.5% 62
Slide 26: Retail Properties – Sunway Pyramid Shopping Mall (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant Mix Top 10 tenants Fashion & Total top 10 tenants 12.7% Footwear Aeon Co (M) Bhd 2.30% Food & Beverage Parkson Corp Sdn Bhd 1.70% TGV Cinemas Sdn Bhd 1.60% Department Store 19.5% SRH Convention Centre 1.
Slide 27: Retail Properties – Sunway Carnival Shopping Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY CARNIVAL SHOPPING MALL Occupancy rates Projected lease expiry schedule Avg occupancy rate 100.0% 50% 7.72 8 93.6% 40% 91.8% 92.8% 95.0% 4.53 6 90.6% 1 89.5% 30% 3.31 86.8% 90.0% 3.06 4 85.0% 20% 2 80.0% 10% 3.5% 34.6% 45.1% 8.2% 75.0% 0% - F
Slide 28: 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 31.1% Fashion & Footwear Parkson Corporation Sdn Bhd 12.7% GCH Retail (Malaysia) Sdn Bhd 3.9% Food & Beverage Convention Centre 3.4% 20.9% 28.0% Department Store
Slide 29: Retail Properties – Suncity Ipoh Hypermarket
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNCITY IPOH HYPERMARKET Occupancy rates Avg occupancy rate 100.0% 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 Ytd 2Q Ytd 2Q 2011 2012 Suncity Ipoh Hypermarket is tenanted to
Slide 30: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Occupancy rates Projected lease expiry schedule Avg occupancy rate 6.57 100.0% 100.0% 6.02 7.00 90.0% 6.00 80.0% 80.0% 84.0% 5.00 70.0% 3.84 60.0% 60.0% 4.00 3.13 50.0% 40.0% 3.00 40.0% 30.0% 2.00 20.0% 20.0% 1.00 17.6% 10.0% 4.0%
Slide 31: Retail Properties – Sunway Putra Mall
STRICTLY PRIVATE & CONFIDENTIAL RETAIL PROPERTIES – SUNWAY PUTRA MALL Tenant Mix Top 10 tenants Total top 10 tenants 53.9% Fashion & Footwear Parkson Corp Sdn Bhd 43.1% 13.1% Mc Donalds 1.8% 20.2% Food & Beverage Pizza Hut 1.5% 9.2% Department Store Watsons 1.4% 6.8% Voir 1.2% Leisure & Entertainmen
Slide 32: Hospitality Properties – Sunway Resort Hotel & Spa
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY RESORT HOTEL & SPA Occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 90.0% 85.0% 78.0% 80.0% 69.4% 66.7% 82.0% 70.0% 80.0% 61.0% 60.0% 79.7% 75.0% 77.5% 50.0% 40.0% 30.0% 70.0% 71.6% 71.2%
Slide 33: Hospitality Properties – Pyramid Tower Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – PYRAMID TOWER HOTEL Occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 83.0% 92.0% 90.2% 82.1% 90.0% 82.0% 81.3% 88.0% 86.6% 86.3% 80.9% 81.0% 86.0% 84.0% 83.0% 83.1% 80.0% 82.0% 79.9% 78.8% 80.0%
Slide 34: Hospitality Properties – Sunway Hotel Seberang Jaya
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY HOTEL SEBERANG JAYA Historical ADR and occupancy rates Occupancy rates (Q on Q comparison) Avg occupancy rate (%) Avg occupancy rate (%) 82.0% 86.0% 81.2% 1 83.8% 81.0% 84.0% 80.0% 82.0% 80.0% 78.8% 80.0% 79.2% 79.0% 78.0% 78.0% 75.7% 7
Slide 35: Hospitality Properties – Sunway Putra Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOSPITALITY PROPERTIES – SUNWAY PUTRA HOTEL Occupancy rates Customer contribution (Room revenue) Avg occupancy rate (%) 80.0% 73.4% 70.0% 67.5% 59.5% 60.0% 19.2% 50.0% 40.0% 37.8% 30.0% 20.0% 80.8% 10.0% 0.0% Oct-11 Nov-11 Dec-11 Ytd Q2 2012 Corporate Leisure 34
Slide 36: Office Properties – Menara Sunway
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY Occupancy rates Projected lease expiry schedule Avg occupancy rate 100.0% 4.50 101.0% 99.7% 99.5% 99.4% 90.0% 4.00 3.81 99.0% 80.0% 3.50 97.7% 97.3% 70.0% 2.99 3.00 97.0% 60.0% 2.64 2.50 50.0% 94.0% 95.0% 2.00 40.0% 30.0% 1.50 93.0% 2
Slide 37: Office Properties – Menara Sunway (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – MENARA SUNWAY (Cont’d) Tenant mix Top 10 tenants Total top 10 tenants 79.1% 3.1% Sunway Management Sdn… 15.8% 9.4% Management services 3.1% Maxis Mobile Sdn Bhd 13.6% Property 3.1% 25.6% Sunway Integrated … 13.4% Communication Sunway Construction S
Slide 38: Office Properties – Sunway Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY TOWER Occupancy rates Projected lease expiry schedule Avg occupancy rate 100.0% 5.40 100.0% 97.0% 97.0% 1 90.0% 95.6% 93.8% 90.0% 5.20 80.0% 5.16 80.0% 70.0% 5.00 70.0% 70.1% 60.0% 67.1% 60.0% 4.80 50.0% 50.0% 40.0% 4.58 4.60 40.0% 30.0% 4.4
Slide 39: Office Properties – Sunway Tower (Cont'd)
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES –SUNWAY TOWER (Cont’d) Tenant mix Top 10 tenants 1.5% Total Top 10 tenants 99.5% 2.0% 1.8% 2.7% Ranhill Worley Parsons 68.5% 4.0% Alcatel-Lucent Malaysia Sdn Bhd 14.9% Consultancy (oil & gas) WorleyParsons Services Sdn Bhd 4.5% Communication ACCA Mal
Slide 40: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Occupancy rates Projected lease expiry schedule Avg occupancy rate 100.0% 2.50 100.0% 90.0% 1.94 1.87 1.89 98.7% 98.0% 80.0% 2.00 96.0% 70.0% 1.55 60.0% 1.50 94.0% 50.0% 92.0% 40.0% 1.00 30.0% 90.0% 90.4% 90.4% 20.0% 0.50 88.0% 1
Slide 41: Office Properties – Sunway Putra Tower
STRICTLY PRIVATE & CONFIDENTIAL OFFICE PROPERTIES – SUNWAY PUTRA TOWER Tenant mix Top 10 tenants 1.8% Top 10 tenants 98.0% 1.2% Communication 1.3% 2.3% 2.4% 48.6% Suruhanjaya Koperasi Malaysia 5.7% Education Kementerian Perdagangan Dlm … 17.1% Kementerian Pelancongan … 13.2% Government Agency Presid
Slide 42: Awards and Recognition
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL AWARDS AND RECOGNITION Note : The financial results should be read in conjunction with the 2Q2012 announcement to Bursa Malaysia Securities Berhad 41
Slide 43: Awards and Recognition
STRICTLY PRIVATE & CONFIDENTIAL Awards and Recognition Source: Tourism Malaysia 42
Slide 44: Asset Enhancement Initiatives
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL ASSET ENHANCEMENT INITIATIVES 43
Slide 45: Asset Enhancement Initiatives
STRICTLY PRIVATE & CONFIDENTIAL Asset Enhancement Initiatives Project Cost (RM) Duration ROI Objective Sunway Pyramid Shopping Mall 4.0 million 3 months 33.9% a)To improve connectivity from Oasis Boulevard East to Main Entrance - Canopy Walk Extension Phase 3 with (Oct -Dec of Sunway Pyramid Shoppin
Slide 46: Sunway Pyramid Shopping Mall - Canopy Walk Extension Phase 3
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Sunway Pyramid Shopping Mall - Canopy Walk Extension Phase 3 45
Slide 47: STRICTLY PRIVATE & CONFIDENTIAL
STRICTLY PRIVATE & CONFIDENTIAL 46
Slide 48: Phase 3A (After) / Phase 3B (After)
STRICTLY PRIVATE & CONFIDENTIAL PHASE 3A (AFTER) PHASE 3B (AFTER) 47
Slide 49: Sunway Hotel Seberang Jaya - Refurbishments
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Sunway Hotel Seberang Jaya - Refurbishments 48
Slide 50: STRICTLY STRICTLY PRIVATE PRIVATE &
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL 49
Slide 51: Market Outlook
STRICTLY PRIVATE STRICTLY & CONFIDENTIAL PRIVATE & CONFIDENTIAL MARKET OUTLOOK Note : The financial results should be read in conjunction with the 2Q2012 announcement to Bursa Malaysia Securities Berhad 50
Slide 52: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK Outlook for global economy is increasingly challenging amidst the European debt crisis coupled with softer economy growth environment in U.S. and China. Malaysia will not be completely insulated from global headwinds on the back of weakening export gro
Slide 53: General Outlook
STRICTLY PRIVATE & CONFIDENTIAL GENERAL OUTLOOK On monetary policy front, Bank Negara Malaysia (BNM) is expected to maintain its accommodative monetary policy with possibility of a rate cut in first half of 2012 as growth prospect outweighs inflation. Despite global headwinds and softening of underl
Slide 54: Retail
STRICTLY PRIVATE & CONFIDENTIAL RETAIL Uncertainties in the global economy may place consumers on cautious stance and curtail on indulgences as confidence level erodes. However, consumers will continue to consume on consumer staples and in pursuit of bargain hunt. That said, retail sales is projecte
Slide 55: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL International tourist arrivals in Malaysia is projected to grow at a Compounded Annual Growth Rate (CAGR) of approximately 8% for the period 2011-2013 where tourism receipts is expected to surpass RM70 billion by 2013. Malaysian tourism industry is expected to g
Slide 56: Hotel
STRICTLY PRIVATE & CONFIDENTIAL HOTEL Sunway Hotel Seberang Jaya maintained its average occupancy rate at 75.7% for the quarter ended 31 December 2011 supported by demand from corporate and government travellers. In Seberang Jaya, setting up of Robert Bosch new solar energy plant and Ibiden printed
Slide 57: Office
STRICTLY PRIVATE & CONFIDENTIAL OFFICE In Kuala Lumpur. additional 3.6 million sq. ft of office space is scheduled to be delivered in 2012. Competition and rental pressures are inevitable arising from the new supply in the market. Menara Sunway’s occupancy rate stood at 99.4% for the quarter ended 3
Slide 58: Sunway Putra Place
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE Pursuant to the full possession of Sunway Putra Place, the Managers are able to embark on new business strategies and implement them in order to return the business performance to the normalised levels. YTD 2Q 2012 average occupancy rate for Sunway
Slide 59: Sunway Putra Place
STRICTLY PRIVATE & CONFIDENTIAL SUNWAY PUTRA PLACE Average occupancy rate for Sunway Putra Tower is maintained at 90.4% for YTD 2Q 2012. The Manager is embarking on a change of tenancy mix for the property from government agencies centric to a more balanced mix of government and private sector tenan
Slide 60: Investor Relations
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL INVESTOR RELATIONS 59
Slide 61: Unit Price Performance (Since IPO)
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Unit Price Performance (Since IPO) Sunway REIT vs FBM KLCI (8 Jul 2010 – 31 Dec 2011) Performance Statistics* Unit Price (RM) FBM KLCI Price RM0.90 1.30 1,700 (as at 8/7/2010) Sunway REIT 1,600 Closing Price : RM1.25 1.20 (as at 31/12/2
Slide 62: Unit Price Performance (2Q 2012)
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Unit Price Performance (2Q 2012) Sunway REIT vs FBM KLCI (30 June 2011 – 31 Dec 2011) Performance Statistics* Unit Price (RM) FBM KLCI Price RM1.11 1.30 1,700 (as at 30/6/2011) Closing Price : RM1.25 Sunway REIT 1,600 1.20 (as at 31/12/
Slide 63: Unitholders' Composition – As at 31 Dec 2011
STRICTLY PRIVATE & CONFIDENTIAL Unitholders’ Composition – As at 31 Dec 2011 Individual 6% Foreign 21% Sunway Berhad 37% Domestic Institutions 79% 57% Total number of unit holders as at 31 December 2011: 6,127 (6,210 as at 30 Sept 2011) 62
Slide 64: Trading Performance Comparison of M-REITs and S-REITs
STRICTLY PRIVATE & CONFIDENTIAL Trading Performance Comparison of M-REITS and S-REITS Key Players FYE Market Total Asset Market Market Capital Annualised Distribution Total NAV After NAV Capitalisation Value Price Price Gains DPU yield Return Distribution Premium (31/12/11) (30/6/11) (FYE June 2012)
Slide 65: Comparative Yields
STRICTLY STRICTLY PRIVATE PRIVATE & & CONFIDENTIAL CONFIDENTIAL Comparative Yields 8.0% 7.0% 6.8% 2 5.9% 1 5.8% 5 6.0% 5.0% 4.0% 3.7% 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 dividend yield based on DPU declared for the period 1
Slide 66: Content Prepared by / Authorised by
Content Prepared by Authorised by •Highlights & Key Updates ………………………… ( Ku Lai Yan ) • 2Q 2012 Financial Results ………………………… ( Ku Lai Yan ) • 2Q 2012 Portfolio Performance ………………………… ( Ku Lai Yan ) ………………………… ( Wai Sow Fun) • 2Q 2012 Property Performance ………………………… ( Foo Chin Yee ) • Awards and Reco
Slide 67: Thank You
THANK YOU
Sunway Real Estate Investment Trust — 2Q FYE June 2012 Earnings Presentation on 6ix