CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Investor Presentation (August 2025)
34 slides from CapitaLand Integrated Commercial Trust's investor presentation, August 2025
Slide 1: Corporate Presentation
CapitaLand Integrated Commercial Trust Corporate Presentation August 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors incl
Slide 3: Table of Content
Table of Content 04 12 About Creating CICT Value 9 25 Portfolio Capital Overview Management 28 ESG Performance Westgate, Singapore
Slide 4: About CICT
About CICT Bugis Junction, Singapore
Slide 5: CICT - The Proxy for Singapore's Commercial Real Estate Market
CICT - The Proxy for Singapore’s Commercial Real Estate Market Market Portfolio Total Net Capitalisation1 Property Value2 Lettable Area3 S$16.1b/US$12.6b S$27.0b/US$21.1b 12.4m sq ft Australia Germany Germany 3% 2% 2 Singapore 21 Integrated Development 4 Office 25% 40% S$25.9 billion(2) Retail Austr
Slide 6: CICT's Investment Merits
CICT’s Investment Merits We Are Committed to generate stable Able to tap on distributions and opportunities in sustainable returns Singapore and other to unitholders developed markets to drive performance and growth Underpinned by a well- diversified quality portfolio in strategic locations that off
Slide 7: Leveraging Our Resources to Drive Sustainable Value
Leveraging Our Resources to Drive Sustainable Value C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 7
Slide 8: Sustainability Approach: Strategic Sustainability Management Structure
Sustainability Approach: Strategic Sustainability Management Structure CLI SUSTAINABILITY MANAGEMENT STRUCTURE CICT SUSTAINABILITY COMMITTEE Serve as sustainability Provide board- CLI Board of Directors champions CICTML Board of Directors level strategic (accountable for business oversight of ESG un
Slide 9: Portfolio Overview
Portfolio Overview CapitaSpring, Singapore
Slide 10: 21 Properties in Singapore
21 Properties in Singapore Retail 1 Bedok Mall 6 Junction 8 2 Bugis Junction 7 Lot One Shoppers’ Mall 3 CQ @ Clarke Quay 8 Tampines Mall 4 IMM Building 9 Westgate 5 ION Orchard (50% interest) 10 Bugis+ 11 Bukit Panjang Plaza Office Integrated Developments 1 Asia Square Tower 2 1 Funan 2 CapitaGreen
Slide 11: 5 Properties Overseas Well-located Near Transport Nodes
5 Properties Overseas Well-located Near Transport Nodes AUSTRALIA GERMANY Portfolio Occupancy Portfolio Occupancy as at 30 Jun 2025 as at 30 Jun 2025 Office Office 88.1%1 81.6%2 1 2 4 66 GOULBURN 100 ARTHUR STREET STREET GALLILEO (94.9% interest) 3 5 101-103 MILLER STREET AND MAIN AIRPORT GREENWOOD
Slide 12: Creating Value
Creating Value Tampines Mall, Singapore
Slide 13: CICT's Value Creation Strategy
CICT’s Value Creation Strategy To deliver stable distributions and sustainable returns to unitholders Asset & Portfolio Asset Enhancements Portfolio Acquisition Management & Redevelopments Reconstitution • Optimise rental rate and maintain • Achieve the highest and best use • Undertake appropriate d
Slide 14: Creating Value Over the Years
Creating Value Over the Years AEI AEI ● AEIs completing at: AEI - IMM Building ● Completed upgrading at 101 ● Completed rejuvenation of - Gallileo Miller Street in Sydney, Raffles City Singapore and Six Australia Battery Road podium block ● Upcoming AEIs starting in 4Q AEI 2025 at: REDEVELOPMENT ● C
Slide 15: Asset Enhancement at Lot One Shoppers' Mall
Upcoming AEI Asset Enhancement at Lot One Shoppers’ Mall Creating value through expansion of NLA focusing on daily essentials and shopper convenience Lot One Shoppers’ Mall Target Target ROI: ROI >7% NLA Undergoing Pre- Estimated Cost: Works: Commitment: ~21,000 sq ft >70% S$37 million AEI Duration:
Slide 16: Asset Enhancement at Tampines Mall
Upcoming AEI Asset Enhancement at Tampines Mall Uplifting Asset Value, Enhancing Asset Potential via Upgrading Works Current Tampines Mall Target ROI: ~7% Tampines Mall’s NLA Undergoing main entrance: Estimated Cost: Current street view Works: Artist’s S$24 million vs artist’s impression impression
Slide 17: CICT Acquired 55% Interest in CapitaSpring for $1,045.0 million
Completed Acquisition CICT Acquired 55% Interest in CapitaSpring for $1,045.0 million1 CICT acquired the remaining 55% interest in Glory Office Trust (GOT) which holds CapitaSpring’s Commercial Component (Acquisitions), from: • CapitaLand Group Pte. Ltd. (45%)2 • Mitsubishi Estate Co., Ltd (10%)3 DP
Slide 18: Value Unlocked from Sale of Serviced Residence Component at CapitaSpring
Completed Divestment Value Unlocked from Sale of Serviced Residence (SR) Component at CapitaSpring Demonstrates CICT's commitment and ability to unlock value and strengthen financial flexibility • Divestment of the 299-unit SR at CapitaSpring was completed on 30 May 2025 • Net proceeds were used to
Slide 19: Acquisition of an Iconic Destination Mall
Completed Acquisition Acquisition of an Iconic Destination Mall Reinforces CICT as the proxy for high quality Singapore commercial real estate ✓ Completed acquisition of 50% interest in ION S$3,697.0m Agreed Property Value Orchard and ION Orchard Link on 30 October 2024 ✓ Addition of high-quality as
Slide 20: Completing Ongoing Asset Enhancements
Ongoing AEI Completing Ongoing Asset Enhancements Strengthening IMM Building’s Position as a Elevating Gallileo as a Modern Workplace Regional Outlet Destination Handover: • ECB from late 3Q Phase 3 AEI 2025 space • Remaining handed over tenants in 1Q to tenants 2026 Facade of Gallileo Frankfurt, Ge
Slide 21: Redevelopment of Funan
Completed Redevelopment Redevelopment of Funan Dec 2015: July 2016: Sep 2016: Sep 2018: June 2019: Announced the Commenced Conducted Announced Reopened as redevelopment redevelopment ground- structural Funan of Funan breaking completion DigitaLife Mall ceremony Funan DigitaLife Mall Funan Occupancy
Slide 22: Creating a Community for Work, Live and Play at Funan
Completed Redevelopment Creating a Community for Work, Live and Play at Funan Anchored by the six passion themes – Tech, Craft, Play, Fit, Chich and Taste – Funan appeals to savvy consumers pursuing quality life in a socially-conscious and creative environment First commercial development in Singapo
Slide 23: Redevelopment of CapitaSpring
Completed Redevelopment Redevelopment of CapitaSpring Jul 2017: Feb 2018: Jan 2021: Jun & Aug 2021: Nov 2021: Announced the Conducted Achieved Achieved phased Achieved redevelopment ground- topping-out TOP for the office final TOP for of Golden breaking milestone component the rest of the Shoe Car P
Slide 24: High-value Integrated Development with Premium Grade A Office Tower
Completed Redevelopment High-value Integrated Development with Premium Grade A Office Tower Offering Dynamic Work-Play Experiences Premium flexible workspace at The Work Lobby of Citadines Raffles Place Singapore, Seamless access with facial recognition, Project home for the business or leisure trav
Slide 25: Capital Management
Capital Management Raffles City Singapore
Slide 26: Well Spread Debt Maturity Profile
Well Spread Debt Maturity Profile1 20% 17% 1,980 Exclude share of JVs’ borrowings 15% 1,718 Funding sources 814 1,509 459 11% MTN 43% 10% S$ million 9% 1,114 Unsecured bank loans 49% 748 1,043 891 Secured bank loans 8% 842 706 639 5% 4% 424 4% Interest rate sensitivity 354 738 442 3% 475 assuming 1%
Slide 27: Proactive Capital Management
Proactive Capital Management As at 30 June 2025 As at 31 March 2025 Aggregate Leverage1 37.9% 38.7% Total Borrowings (S$ billion) 8.8 9.0 % of Borrowings on Fixed Interest Rate 81% 78% % of Total Assets that are Unencumbered 93.4% 93.8% Interest Coverage Ratio (ICR)2 3.3x 3.2x Average Term to Maturi
Slide 28: ESG Performance
ESG Performance Westgate, Singapore
Slide 29: Aligned with CapitaLand's Commitment to Net Zero by 2050
Aligned with CapitaLand’s Commitment to Net Zero by 2050 Advancing our Low Carbon Transition Greening our Portfolio 2030 TARGET 2024 PROGRESS Reduce Absolute Scope 1 & 2 GHG Emissions Rating Renewal: CapitaSky renewed its Green Mark Platinum by 46%1 8% Reduction targets are based on 2019 baseline Re
Slide 30: Anchored by Strong Governance to Drive Sustainable Performance
Anchored by Strong Governance to Drive Sustainable Performance Board Composition, Independence & New Board Diversity Committee Board Independence Board Gender Diversity 9 Board Members Chairman of the Board is an Independent Director 66.7% 33.3% 44.4% 55.6% Majority of the Directors has served less
Slide 31: Curating Shared Experiences That Strengthen Community Bonds
Curating Shared Experiences That Strengthen Community Bonds and Foster Engagements Community Engagements in 2Q 2025 Retail Engagements in 2Q 2025 Apr Apr May May May- Jun #LoveOurSeniors Meal Leadership Series- Engaging Tenants Treats- Building rapport The Mobile Legends: Bang Bang Milo’s 75th anniv
Slide 32: Advancing Our ESG Ambitions
Advancing Our ESG Ambitions Awards and Recognition Included in the 2025 Fortune Southeast Asia 500 list, which recognises the region’s 500 largest listed companies by revenue Advanced six positions in the rankings Inaugural entry into the Forbes Global 2000 list, which recognises the world’s largest
Slide 33: CICT's Total Return Performance vs Indexes
CICT’s Total Return Performance vs Indexes Total Returns (assuming dividends reinvested(1)) As at 30 June 2025 1-Year 3-Year 5-Year CICT 15.8% 17.3% 42.0% FTSE ST Real Estate Index 14.7% (4.4%) 12.2% FTSE ST REIT Index 10.6% (3.4%) 5.7% Note: (1) Total return refers to the capital gains (based on th
Slide 34: The End
The End For enquiries, please contact: Ms Ho Mei Peng, Head, Investor Relations Direct: (65) 6713 3668 | Email: ho.meipeng@capitaland.com CapitaLand Integrated Commercial Trust Management Limited (http://www.cict.com.sg) Tel: (65) 6713 2888 | Fax: (65) 6713 2999
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