Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q3 2014 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, Nov 12, 2014

  1. Slide 1: Lippo Malls Indonesia Retail Trust 3Q 2014 Results Presentation

    Strictly confidential Lippo Malls Indonesia Retail Trust 3Q 2014 Results Presentation 12 Nov 2014

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statem

  3. Slide 3: Key Highlights of 3Q 2014 Results

    Key Highlights of 3Q 2014 Results  YTD Gross Rental Income increased by 4.2 % in IDR term 3Q 2014  3Q 2014 DPU of 0.69 is higher than that of 2Q 2014 Results  3Q 2014 DPU represents an annualised yield of 6.9%  100% of LMIRT’s S$ 1.4 billion1 asset portfolio remained unencumbered Financial  Wei

  4. Slide 4: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 4 4

  5. Slide 5: 3Q 2014 Financial Results – P&L (in Rp)

    3Q 2014 Financial Results – P&L (in Rp) 3Q 2014 3Q 2013 Variance (%) (Rp'mn) (Rp'mn) Gross Rent 266,101 261,813 1.6% Rental guarantee income 2,547 13,770 -81.5% Other income 6,509 10,732 -39.3% 275,157 286,315 -3.9% Net parking income 24,769 25,082 -1.2% Rental of electrical, mechanical and mall ope

  6. Slide 6: 3Q 2014 Financial Results – P&L

    3Q 2014 Financial Results – P&L 3Q 2014 3Q 2013 Variance (%) (S$'000) (S$'000) Gross Rent 28,336 31,344 -9.6% Rental guarantee income 271 1,633 -83.4% Other income 692 1,303 -46.9% 29,299 34,280 -14.5% Net parking income 2,638 3,025 -12.8% Rental of electrical, mechanical and mall operating equipmen

  7. Slide 7: 3Q 2014 Financial Results – Balance Sheet

    3Q 2014 Financial Results – Balance Sheet 30-Sep-14 31-Dec-13 (S$ million) (S$ million) 1 2 Non Current Assets 1,428.7 1,415.7 Current Assets 251.1 398.2 Total Debt 475.0 622.5 Other Liabilities 183.7 181.8 Net Assets 1,021.1 1,009.6 Net Asset Value S$ 0.41 S$ 0.41 Total Units in Issue 2,462.6 2,453

  8. Slide 8: Distribution Details Jul 2014 – Sep 2014

    Distribution Details 01 Jul 2014 – 30 Sep 2014 Total DPU 0.69 cents - Tax-Exempt 0.49cents - Capital 0.20 cents Books Closure Date 20 Nov 2014 Tentative Distribution Payment Date 5 Dec 2014 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income 8

  9. Slide 9: Portfolio Overview

    Portfolio Overview LMIRT is well-positioned to leverage on the strong Indonesian macro outlook and buoyant retail sector  Portfolio valuation of S$ 1.4bn1  95.0% Occupancy vs 86.1% Industry Average  Total NLA of 705,850 sqm 2 Portfolio Key Metrics No Malls NLA (sqm) Valuation (S$m)1 Occupancy Rat

  10. Slide 10: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 10 10

  11. Slide 11: Diversified Trade Mix

    Diversified Trade Mix As at 30 Sep 2014 Trade Sector Breakdown by Rental Income 11

  12. Slide 12: Diversified Trade Mix

    Diversified Trade Mix As at 30 Sep 2014 Trade Sector Breakdown by NLA 12

  13. Slide 13: Top 10 Tenants By Gross Rental Income

    Top 10 Tenants By Gross Rental Income As at 30 Sep 2014, includes retail space  Top 10 tenants contribute approximately 27.1% of LMIRT Retail Mall Portfolio’s Gross Rental Income 13

  14. Slide 14: Lease Expiry Profile

    Lease Expiry Profile As at 30 Sep 2014 Weighted Average Lease Expiry (by NLA) as at 30 Sep 2014: 4.6 years  LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter-term leases for non-anchor tenants, providing both stability and growth potential 14

  15. Slide 15: Debt Maturity Profile

    Debt Maturity Profile As at 30 Sep 2014 Weighted Average Maturity of Debt Facilities as at 30 Sep 2014: 1.8 years 1 3 2 4 Notes: 1 S$ 200 million 4.88% fixed rate note (EMTN Program) to mature in July 2015 2 S$ 150 million 4.25% fixed rate note (EMTN Program) to mature in Oct 2016 3 S$ 50 million 5.

  16. Slide 16: Rental Reversion Trend

    LMIR TRUST Rental Reversion Trend eee 50,000 75.0% 45,628 45,000 65.0% 40,000 55.0% 35,000 30,000 A30h 25,000 35.0% — 16,455 — 4 20,000 16,238 a7 50 16,094 ~ 25.0% 15,000 15.0% 10,000 5,000 50k 0 - : , . + , , + : ; . 5.0% 3Q10 4Q10 1011 2Q11 3011 4Q11 1012 2012 3012 4Q12 1013 2013 3013 4Q13 1014 20

  17. Slide 17: Our Value Proposition

    Our Value Proposition  3Q2014 Net Property Income of S$30.9 million  3Q2014 Distributable Income of S$17.1 million  3Q2014 DPU of 0.69 cents equivalent to Annualized DPU yield of 6.9%  Portfolio occupancy rate stood at 95.0%, remained higher than the industry average  As at 30 Sep 2014, LMIRT’s

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