CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — CapitaMall Trust — FY2014 Earnings Presentation
37 slides from CapitaLand Integrated Commercial Trust's earnings presentation, Jan 23, 2015
Slide 1: CapitaMall Trust Full Year 2014 Financial Results Annexes
Photo Credit: Kwek Swee Seng, Singapore Photo Credit: Kwek Swee Seng, Singapore CAPITAMALL TRUST Singapore’s First & Largest REIT Full Year 2014 Financial Results Annexes 23 January 2015 CapitaMall Trust Full Year 2014 Financial Results *January 2015*
Slide 2: Portfolio Lease Expiry Profile as at 31 December 2014
Portfolio Lease Expiry Profile as at 31 December 2014 Gross Rental Income per Month(1) Number of Leases S$’000 % of Total (2) 2015 1,012 15,961 28.0 2016 957 16,168 28.4 2017 851 14,909 26.1 2018 & Beyond 200 9,961 17.5 Total 3,020 56,999 100.0 (1) Includes CMT’s 40.0% interest in Raffles City Singa
Slide 3: Gross Revenue and Net Lettable Area by Property
Gross Revenue and Net Lettable Area by Property CMT PORTFOLIO % of Total Gross Revenue(1) % of Total Net Lettable Area For FY 2014 As at 31 December 2014 Tampines Mall 9.7% 6.3% Junction 8 7.4% 4.5% Funan DigitaLife Mall 4.3% 5.3% IMM Building 9.9% 16.8% Plaza Singapura 11.5% 8.5% Bugis Junction 10.
Slide 4: Well-Diversified Trade Mix
Well-Diversified Trade Mix CMT PORTFOLIO(1) % of Gross Rental Income(2) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 27.3% 18.8% Fashion 14.6% 8.7% Beauty & Health 10.1% 6.5% Services 6.7% 3.8% Department Store 5.6% 8.7% (3) Leisure & Entertainment / M
Slide 5: Top 10 Tenants
Top 10 Tenants 10 Largest Tenants(1) Contribute about 20.6% of Total Gross Rental Income No Single Tenant Contributes More than 4.0% of Total Gross Rental Income % of Gross Rental Tenant Trade Sector Income RC Hotels (Pte) Ltd Hotel 3.2% Cold Storage Singapore (1983) Pte Supermarket/ Beauty & Health
Slide 6: Trade Mix – Tampines Mall
Trade Mix – Tampines Mall % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 30.1% 25.0% Beauty & Health 11.3% 6.2% Fashion 10.5% 6.2% Services 8.2% 5.0% Gifts / Toys & Hobbies / Books / Sporting Goods 7.2% 9.5% Jewellery & Watche
Slide 7: Trade Mix – Junction 8
Trade Mix – Junction 8 % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 27.0% 15.7% Fashion 15.5% 7.4% Beauty & Health 11.9% 6.2% Services 6.8% 3.7% Gifts / Toys & Hobbies / Books / Sporting Goods 6.0% 6.6% Department Store 5.4%
Slide 8: Trade Mix – Funan DigitaLife Mall
Trade Mix – Funan DigitaLife Mall % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Information Technology 35.8% 40.9% Food & Beverage 16.8% 12.0% Electrical & Electronics 12.8% 12.3% Beauty & Health 9.3% 9.3% Gifts / Toys & Hobbies / Books / Sp
Slide 9: Trade Mix – IMM Building
Trade Mix – IMM Building % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 19.2% 7.5% Houseware & Furnishings 14.7% 7.2% Warehouse 14.4% 52.2% Fashion 8.7% 4.0% Supermarket 7.0% 8.0% Electrical & Electronics 6.0% 4.1% Services 5.
Slide 10: Trade Mix – Plaza Singapura
Trade Mix – Plaza Singapura % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 22.9% 16.3% Beauty & Health 11.5% 10.1% Fashion 10.7% 6.2% Services 9.6% 6.4% Department Store 8.2% 14.8% Shoes & Bags 7.9% 4.8% Gifts / Toys & Hobbies
Slide 11: Trade Mix – Bugis Junction
Trade Mix – Bugis Junction % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 29.8% 22.4% Fashion 21.6% 16.5% Department Store 11.4% 26.0% Beauty & Health 9.4% 7.2% Gifts / Toys & Hobbies / Books / Sporting Goods 5.9% 5.7% Jewelle
Slide 12: Trade Mix – Sembawang Shopping Centre
Trade Mix – Sembawang Shopping Centre % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 28.8% 23.7% Supermarket 16.6% 28.0% Beauty & Health 12.6% 8.0% Education 9.0% 9.2% Fashion 8.6% 5.7% Houseware & Furnishings 5.8% 4.7% Gifts
Slide 13: Trade Mix – JCube
Trade Mix – JCube % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 35.6% 26.8% Beauty & Health 13.8% 7.5% Fashion 12.2% 7.4% Gifts / Toys & Hobbies / Books / Sporting Goods 10.7% 9.8% Leisure & Entertainment / Music & Video 8.3%
Slide 14: Trade Mix – Lot One Shoppers’ Mall
Trade Mix – Lot One Shoppers’ Mall % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 30.8% 24.5% Beauty & Health 15.5% 10.1% Fashion 14.2% 9.2% Services 8.4% 4.8% Gifts / Toys & Hobbies / Books / Sporting Goods 5.3% 5.5% Supermar
Slide 15: Trade Mix – Bukit Panjang Plaza
Trade Mix – Bukit Panjang Plaza % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 40.8% 31.7% Beauty & Health 15.5% 11.1% Services 10.7% 5.7% Supermarket 9.8% 17.0% Fashion 6.4% 3.8% Gifts / Toys & Hobbies / Books / Sporting Good
Slide 16: Trade Mix – Rivervale Mall
Trade Mix – Rivervale Mall % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 28.7% 20.3% Services 22.2% 15.6% Supermarket 16.3% 27.2% Beauty & Health 15.1% 11.1% Department Store 6.0% 15.1% Education 5.6% 7.1% Shoes & Bags 2.1% 1
Slide 17: Trade Mix – The Atrium@Orchard
Trade Mix – The Atrium@Orchard % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Office 42.2% 64.8% Fashion 17.3% 11.2% Food & Beverage 15.6% 9.9% Beauty & Health 12.5% 6.6% Services 4.8% 3.4% Shoes & Bags 4.5% 2.3% Gifts / Toys & Hobbies / Book
Slide 18: Trade Mix – Clarke Quay
Trade Mix – Clarke Quay % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 50.9% 35.3% Leisure & Entertainment / Music & Video 43.1% 52.6% Office 5.6% 12.0% Services 0.4% 0.1% Total 100.0% 100.0% (1) Based on committed gross renta
Slide 19: Trade Mix – Bugis+
Trade Mix - Bugis+ % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Leisure & Entertainment / Music & Video(2) 38.0% 62.7% Fashion 32.0% 22.0% Food & Beverage 12.2% 6.4% Gifts / Toys & Hobbies / Books / Sporting Goods 6.7% 3.7% Beauty & Health
Slide 20: Trade Mix – Westgate
Trade Mix – Westgate % of Gross Rental Income(1) % of Net Lettable Area For the month of As at 31 December 2014 December 2014 Food & Beverage 31.0% 25.1% Fashion 17.6% 16.9% Beauty & Health 11.5% 10.1% Services 10.7% 7.5% Department Store 5.8% 11.3% Gifts / Toys & Hobbies / Books / Sporting Goods 5.
Slide 21: Lease Expiry Profile – Portfolio
Lease Expiry Profile – Portfolio(1) 28.0% 28.4% 30.0% 26.1% 25.3% 25.2% 24.9% 24.6% 25.0% 17.5% 20.0% 15.0% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (2) (1) Includes CMT’s 40.0% interest in Raffles City Singapore (retail and office leas
Slide 22: Lease Expiry Profile – Tampines Mall
Lease Expiry Profile – Tampines Mall 38.9% 40.0% 35.0% 34.2% 35.0% 30.7% 30.0% 22.0% 25.0% 19.9% 20.0% 15.0% 10.5% 8.8% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry month of the
Slide 23: Lease Expiry Profile – Junction 8
Lease Expiry Profile – Junction 8 38.3% 40.0% 35.0% 28.8% 28.0% 26.4% 26.2% 30.0% 25.0% 18.9% 18.6% 20.0% 14.8% 15.0% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry month of the le
Slide 24: Lease Expiry Profile – Funan DigitaLife Mall
Lease Expiry Profile – Funan DigitaLife Mall 39.4% 40.0% 33.1% 35.0% 30.2% 28.9% 30.0% 25.8% 25.0% 20.2% 20.0% 15.0% 11.5% 10.9% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry mont
Slide 25: Lease Expiry Profile – IMM Building
Lease Expiry Profile – IMM Building 38.4% 40.0% 34.4% 33.2% 35.0% 28.1% 30.0% 25.0% 25.0% 19.5% 20.0% 13.7% 15.0% 7.7% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income(1) (1) Based on committed gross rental income for the expiry month of the le
Slide 26: Lease Expiry Profile – Plaza Singapura
Lease Expiry Profile – Plaza Singapura 35.0% 31.1% 31.0% 30.3% 27.6% 30.0% 24.2% 24.4% 25.0% 20.3% 20.0% 15.0% 11.1% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry month of the lea
Slide 27: Lease Expiry Profile – Bugis Junction
Lease Expiry Profile – Bugis Junction 39.8% 40.0% 35.0% 30.5% 28.0% 30.0% 24.9% 25.0% 21.7% 21.1% 17.4% 20.0% 16.6% 15.0% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry month of th
Slide 28: Lease Expiry Profile – Sembawang Shopping Centre
Lease Expiry Profile – Sembawang Shopping Centre 43.0% 41.9% 45.0% 39.5% 38.2% 40.0% 35.0% 30.0% 25.0% 20.0% 14.0% 15.0% 9.0% 8.3% 6.1% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expi
Slide 29: Lease Expiry Profile – JCube
Lease Expiry Profile – JCube 65.3% 70.0% 60.0% 48.3% 50.0% 40.0% 34.1% 30.0% 14.5% 20.0% 11.2% 13.3% 6.4% 6.9% 10.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income(1) (1) Based on committed gross rental income for the expiry month of the lease and exclu
Slide 30: Lease Expiry Profile – Lot One Shoppers’ Mall
Lease Expiry Profile – Lot One Shoppers’ Mall 50.0% 41.9% 40.0% 35.1% 31.0% 30.1% 30.0% 24.0% 20.0% 16.1% 11.9% 9.9% 10.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry month of the lease an
Slide 31: Lease Expiry Profile – Bukit Panjang Plaza
Lease Expiry Profile – Bukit Panjang Plaza 44.2% 45.0% 39.1% 40.0% 35.0% 27.8% 30.0% 24.2% 25.0% 21.8% 17.1% 20.0% 14.9% 15.0% 10.9% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry
Slide 32: Lease Expiry Profile – Rivervale Mall
Lease Expiry Profile – Rivervale Mall 65.2% 70.0% 60.0% 53.9% 50.0% 40.0% 26.1% 30.0% 18.1% 20.0% 16.7% 20.0% 10.0% 0.0% 0.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry month of the lease
Slide 33: Lease Expiry Profile – The Atrium@Orchard
Lease Expiry Profile – The Atrium@Orchard 70.0% 65.2% 60.0% 50.0% 45.0% 40.0% 28.3% 30.0% 17.1% 18.5% 20.0% 12.1% 8.2% 5.6% 10.0% 0.0% 2015 2016 2017 2018 & Beyond (1) % of total Net Lettable Area % of total Gross Rental Income (1) Based on committed gross rental income for the expiry month of the l
Slide 34: Lease Expiry Profile – Clarke Quay
Lease Expiry Profile – Clarke Quay 44.9% 40.0% 37.0% 35.0% 30.3% 28.6% 30.0% 25.0% 20.2% 20.0% 15.3% 14.2% 15.0% 9.5% 10.0% 5.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry month of the le
Slide 35: Lease Expiry Profile – Bugis+
Lease Expiry Profile – Bugis+ 60.0% 49.7% 50.1% 50.0% 40.0% 27.6% 30.0% 18.0% 15.3% 16.1% 17.0% 20.0% 6.2% 10.0% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry month of the lease and excludes
Slide 36: Lease Expiry Profile – Westgate
Lease Expiry Profile – Westgate 66.5% 70.0% 60.0% 52.8% 50.0% 41.7% 40.0% 27.1% 30.0% 20.0% 5.7% 10.0% 2.0% 0.7% 3.5% 0.0% 2015 2016 2017 2018 & Beyond % of total Net Lettable Area % of total Gross Rental Income (1) (1) Based on committed gross rental income for the expiry month of the lease and exc
Slide 37: Thank you
Photo Credit: Kwek Swee Seng, Singapore Photo Credit: Kwek Swee Seng, Singapore Thank you For enquiries, please contact: Ms Audrey Tan, Investor Relations, Direct: (65) 6713 1507 Email: audrey.tan@capitaland.com CapitaMall Trust Management Limited (http://www.capitamall.com) 168 Robinson Road, #30-0