Capitaland China Trust · SGX:AU8U
Capitaland China Trust — Shareholder Meeting (April 2022)
22 slides from Capitaland China Trust's shareholder meeting presentation, Apr 19, 2022
Slide 1: Annual General Meeting 19 April 2022
Annual General Meeting 19 April 2022 1
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: Contents
Contents 01 FY 2021 Key Highlights 02 Capital Management 03 Looking Forward Please click to access CLCT’s Annual Report 2021 and Integrated Sustainability Report 2021 Ca p i t a L a n d Ch i n a Tr u s t Annual General Meeting 19 April 2022 3
Slide 4: FY 2021 Key Highlights
Annual General Meeting 19 April 2022 4
Slide 5: FY 2021 – Generating Value and Growth
FY 2021 – Generating Value and Growth Milestones Strategic Acquisitions January: BP Completed Ascendas Xinsu Portfolio acquisition Addition of new economy assets to February: BP Completed Ascendas Innovation Towers and Ascendas strengthen portfolio resilience and Innovation Hub acquisitions increase
Slide 6: FY 2021 Achievements
FY 2021 Achievements Forged Forward with Sustainability Secured maiden sustainability-linked loan of S$150 Highest NPI since Listing million – first S-REIT to receive a loan linked to the sustainability performance of a China portfolio Achieved NPI of RMB1.2 billion for FY 2021, +78.4% YoY Maiden Pa
Slide 7: Key Financial and Portfolio Highlights
Key Financial and Portfolio Highlights 250.4 Net Property Income 135.2 (S$ million) S$4.9 billion1 96.4% +85.2% Portfolio Valuation Portfolio Occupancy FY 2020 FY 2021 135.5 Distributable Income 79.7 (S$ million) +9.3% YoY +16.1% YoY +70.0% Shopper Traffic Tenant Sales FY 2020 FY 2021 (million) (RMB
Slide 8: Building Portfolio Strength and Resilience
Building Portfolio Strength and Resilience Asset Class Diversification Geographical Diversification ✓ Increase exposure in New Economy assets to 21.9% ✓ Increase presence in Yangtze Delta region consisting of Shanghai, Suzhou, Kunshan and Hangzhou Retail, 78.1% Beijing, 38.9% New Economy – Guangzhou
Slide 9: Well-Diversified Leases and Tenants Across Asset Classes
Well-Diversified Leases and Tenants Across Asset Classes Building Resilience with Decreased Concentration Risk Reduced Overall Concentration Risk Increased Diversification of Top 10 Tenants % Contribution1 4.1% 2.5% 50% of top 10 tenants are from from top New Economy Sectors tenant declined FY 2020
Slide 10: Integrating Sustainability into our Business
Integrating Sustainability into our Business DRIVING POSITIVE ENVIRONMENTAL IMPACT Achieved Energy and Water intensity Achieved Carbon emissions 78 Electric Vehicle (EV) reduction of 54.2% and 38.5% intensity reduction of 61.4% as charging stations (per m2 as compared to baseline compared to baselin
Slide 11: Capital Management
Annual General Meeting 19 April 2022 11
Slide 12: Strong Financial Position
Strong Financial Position1 31 Dec 2021 30 Sep 2021 Offshore Loans SGD 66% Diversified Gearing2 37.7% 36.4% Funding Funding Sources Onshore Loans RMB 20% Sources S$1,993.4 million Total Debt Average Cost MTN 14% 2.62% 2.59% of Debt3 Interest 4.9x 4.8x High Proportion of Coverage4 Fixed Rate5,6 77% Fi
Slide 13: Prudent Capital Management
Prudent Capital Management Well-Staggered Debt Maturity Profile S$ million Successfully secured the refinancing 500.0 of S$180.0 million due in 2022 Debt Maturity Profile 400.0 (31 December 2021) 33.9 131.0 4.0 3.0 300.0 139.1 35.0 150.0 200.0 270.0 300.0 300.0 130.0 250.0 100.0 150.0 47.4 50.0 0.0
Slide 14: Looking Forward
Annual General Meeting 19 April 2022 14
Slide 15: Jan – Feb 2022 Portfolio Shopper Traffic and Tenant Sales
Jan – Feb 2022 Portfolio Shopper Traffic and Tenant Sales1 Shopper Traffic (million) Positive Chinese New Year effect 2020 2021 • Jan – Feb 2022 Traffic (+6.0%) and Sales (+13.3%) +6.0% YoY 20 18 • Boosted by these trade categories: 15 16 o Beauty & Health (+17.8%) 10 14 o F&B (+25.2%) 12 5 o Jewell
Slide 16: Guided by CLCT's Key Strategies
Guided by CLCT’s Key Strategies Key Objectives 1 Disciplined Portfolio Reconstitution - Create Value ✓ Increase diversification and resilience of revenue streams ✓ Expand footprint into targeted growth cities ✓ Engage Sponsor’s pipeline and third-party vendors 2 Disciplined Portfolio Reconstitution
Slide 17: Optimising Portfolio to Enhance Returns
Optimising Portfolio to Enhance Returns Extract Value CapitaMall Wangjing: Ascendas Xinsu Portfolio: AEI to rejuvenate ~14,000 sq m of recovered anchor Converting 3 R&D units and part department store space of existing lobby space at level 1 into co-working space (Bridge +) ✓ ~20% of prime lettable
Slide 18: Forward-Looking Portfolio Reconstitution Strategy
Forward-Looking Portfolio Reconstitution Strategy Future-Ready Portfolio to Capture New Growth 5 Divested non-core and matured Focus on New Economy assets in the near-term assets since listing, including 4 out of 7 IPO assets and secured higher growth with capital recycled Retail, 78.1% Retail, 30%
Slide 19: Business Outlook
Business Outlook • Local governments have unveiled plans to boost Supporting Businesses, Enhancing consumption using various policies and marketing campaigns Retail Liquidity and Increasing Domestic • Adopt active and flexible approach, optimising tenant mix and redefining spaces to attract shoppers
Slide 20: CLCT's Unique Investment Proposition
CLCT’s Unique Investment Proposition Sound Financial Stewardship • Deliver steady distribution and yield • Display strong financial and operational metrics • Disciplined cost management • Access to a wide range of competitive funding sources Resilient and Quality Portfolio – both onshore and offshor
Slide 21: Setting Ourselves Apart as the Largest China Focused S-REIT
To Update Setting Ourselves Apart as the Largest China Focused S-REIT 5,000 4,000 AUM: S$4.9 billion1,3 20 Assets AUM1 (S$ million) AUM: S$4.4 billion2,3 3,000 16 Assets 2,000 ✓ Most Diversified by Asset Class ✓ Most Diversified with Established Presence in 12 1,000 Prominent Top Tier Cities ✓ Stron
Slide 22: Annual General Meeting 19 April 2022
Annual General Meeting 19 April 2022 22
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