Frasers Centrepoint Trust · SGX:J69U
Frasers Centrepoint Trust — SGX-Credit Suisse Singapore Virtual Corporate Days 2020
19 slides from Frasers Centrepoint Trust's conference presentation, Jun 17, 2020
Slide 1: Frasers Centrepoint Trust Investor Presentation
Frasers Centrepoint Trust Investor Presentation for SGX-Credit Suisse Singapore Virtual Corporate Days 17-18 June 2020
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: Agenda
FCT Overview 2Q20 Results Highlights Update on COVID-19 situation Summary Q&A 3
Slide 4: FCT Overview
◆ SGX-listed REIT that owns and invests primarily in suburban retail properties in Singapore, focused on Singapore domestic necessity spending, F&B and services ◆ FCT’s property portfolio comprises 7 suburban retail properties in Singapore totalling 1.4 million sq ft of NLA. FCT also owns a 24.82% s
Slide 5: FCT Retail Portfolio
FCT Retail Portfolio (~1.4 million sq ft NLA) ◆ Key malls Causeway Point, Northpoint City, Waterway Point are dominant malls in their respective Anchorpoint YewTee Point Causeway Point Northpoint City Waterway Point1 Changi City Point Bedok Point North Wing (FCT), South Wing (FPL) precinct ◆ Wide ca
Slide 6: 2Q20 Results Highlights
2Q20 Results Highlights Waterway Point Waterway Point
Slide 7: Financial highlights and operational update
Financial highlights • Gross revenue of S$50.2 million, up 0.9% y-o-y • NPI of S$36.0 million, down 1.3% y-o-y • DPU of 1.61 cents, down 48.7% y-o-y (2Q19: 3.137 cents) • NAV and NTA per Unit of S$2.21 as at 31 March 2020 • Gearing level at 34.7%1 as at 31 March 2020 Operational update • 96.1% portf
Slide 8: 2Q20 financial results
• Revenue growth mainly from increase in gross rent from renewals and step-up rents from existing leases • Retention of 50% of distributable income to preserve financial flexibility in current time of uncertainty • DPU of 1.61 cents is 48.7% lower y-o-y, due to enlarged unit base and cash retained •
Slide 9: Debt profile and refinancing
pro forma based on position as at 31 March 2020 • FCT announced on 11 May 2020 that it issued S$200 million Type of borrowings Aggregate amount 3.20% fixed rate notes (Notes) due 2023 pursuant to the S$3 ■Unsecured bank borrowings S$446.0 million (41.8%) billion multicurrency debt issuance programme
Slide 10: Key Covenants
Key Covenants (tested quarterly) Requirements As at 31 March 2020 Gearing ratio Less than 45% 34.7%1 Interest cover ratio for the quarter2 More than 1.5 times 6.40 times Unitholders’ Fund More than S$1.2 billion S$2.48 billion Coverage ratio of unencumbered assets More than 250% 337% to Unsecured de
Slide 11: Update on COVID-19 situation
Update on COVID-19 situation Financial Highlights Waterway PointCity Northpoint Waterway Point
Slide 12: FCT Portfolio Shopper Traffic and key events
FCT Portfolio Shopper Traffic Key events 2019 2020 15 Jun Government announces Phase 2 to begin on 19 Jun 2020 ”normalcy traffic” 5 Jun COVID-19 (Temporary Measures) (Amendment) Bill 2020 was passed 14 2 Jun Start of Phase 1 (Safe re-opening) Millions ▲ 2.6% 12 May Government allows some trade to re
Slide 13: Operations, Tenant Support, Financial & Liquidity Position
Operations Tenant Support Financial & Liquidity Position • Feb: Rolled out Tenant Support Package (“TSP”) to help tenant cushion impact from Covid 19, includes • Gearing at 34.7% @ 31 March 2020 • ~30-40%% tenants in essential trades remained flexible operating hours, complimentary car parking open
Slide 14: Piloting delivery services on Frasers Makan Master
Piloting delivery services on Frasers Makan Master • F&B businesses expected to see sustained demand for delivery services, as consumers become accustomed to ordering food online • Frasers piloted in April 2020, the integration of delivery services on its digital F&B concierge, Frasers Makan Master
Slide 15: UV Disinfecting Autonomous Mobile Robots
UV Disinfecting Autonomous Mobile Robots (Sunburst UV) • UV Bot is a smart robot equipped with a ultraviolet-C light module to eradicate viruses • The UV Bots supplement existing manpower in upkeeping hygiene and sanitisation standards in the malls • The first UV Bot has been rolled out at Northpoin
Slide 16: Summary
CENTREPOINT TRUST > ERASERS
Slide 17: FCT: Resilient suburban retail REIT poised for growth
FCT: Resilient suburban retail REIT poised for growth Underpinning the resilience of suburban retail • The suburban retail malls continue to remain relevant and resilient notwithstanding the Covid-19 outbreak as it focuses on F&B, essential Focus on necessity spending goods and services and value br
Slide 18: Frasers Centrepoint Trust
F~ FRASERS CENTREPOINT TRUST =
Slide 19: Experience matters.
Experience matters.
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