Sunway Real Estate Investment Trust · MYX:SUNREIT
Sunway Real Estate Investment Trust — Q4 FY2015 Earnings Presentation
65 slides from Sunway Real Estate Investment Trust's earnings presentation, Aug 11, 2015
Slide 1: Sunway REIT Financial Results 4th Quarter Ended 30 June 2015
SUNWAY REIT Financial Results 4th Quarter Ended 30 June 2015 (FYE 30 June 2015) Announcement Date: 11 August 2015
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Sunway Real Estate Investment Trust (“Sunway REIT”) and no part of it shall form the basis of, or be relied on in conn
Slide 3: Table of Contents
Table of Contents 1. Financial Highlights & Key Updates 2. 4Q 2015 Financial Results 3. 4Q 2015 Portfolio Performance 4. 4Q 2015 Property Performance 5. Market Outlook 6. Investor Relations Driving values through sustainable growth 3
Slide 4: 1. Financial Highlights & Key Updates
1. Financial Highlights & Key Updates Driving values through sustainable growth 4
Slide 5: Distribution Details
Distribution Details Dividend Distribution Details Distribution Period 1 April 2015 - 30 June 2015 1 Distribution per Unit (DPU) (sen) 2.05 Notice of Entitlement 11 August 2015 Ex-Dividend Date 24 August 2015 Book Closure Date 26 August 2015 Payment Date 10 September 2015 1 Proposed income distribut
Slide 6: Financial Highlights
Financial Highlights Highlights 4Q 2015 4Q 2014 Change % No. of Properties 14 12 16.7% Property Value (RM'billion) 6.324 5.520 14.6% No. of Units in Circulation 2,937,776,900 2,928,714,900 0.3% Unit Price as at 30 June (RM) 1.54 1.44 6.9% Market Capitalisation (RM'billion) 4.524 4.217 7.3% Net Asset
Slide 7: Financial Highlights (Cont'd)
Financial Highlights (Cont’d) Gross Revenue (RM'm) Net Property Income (RM'm) 500.0 453.5 400.0 427.8 340.8 400.0 5.2% 1 7.1% 2 321.0 300.0 300.0 200.0 200.0 113.8 114.0 110.3 110.8 108.1 114.9 109.2 100.2 100.0 86.5 86.784.4 83.2 80.6 84.4 78.8 100.0 77.2 - - 1Q 2Q 3Q 4Q YTD 1Q 2Q 3Q 4Q YTD 2015 20
Slide 8: Financial Highlights (Cont'd)
Financial Highlights (Cont’d) Profit Before Tax (Realised) (RM'm) DPU (sen) 300.0 10.00 5.0% 8.73 1 242.0 9.00 8.36 1.1% 231.9 2 1.0% 8.00 200.0 7.00 6.00 5.00 100.0 4.00 63.5 63.0 58.9 58.5 56.6 56.0 3.00 2.28 2.272.23 55.4 62.0 2.132.10 2.05 2.03 2.00 2.00 1.00 - - 1Q 2Q 3Q 4Q YTD 1Q 2Q 3Q 4Q YTD
Slide 9: Updates on Material Litigation
Updates on Material Litigation Case 1 : Sunway Putra (formerly known as Sunway Putra Place) - Assessment for Damages Defendant: Metroplex Holdings Sdn Bhd (“MHSB”) 12.7% After the Federal Court has on 20 February 2012 dismissed Metroplex Holdings Sdn Bhd's ("MHSB") application for leave to appeal, R
Slide 10: Updates on Material Litigation (Cont'd)
Updates on Material Litigation (Cont’d) Case 2 : Sunway Putra (formerly known as Sunway Putra Place) - Loss of Actual Income Defendant: Metroplex Holdings Sdn Bhd (“MHSB”) The solicitors for the Trustee and the Manager had on 2 August 2012, issued a section 218 Companies Act notice (winding up) to M
Slide 11: 2. 4Q 2015 Financial Results
18.1% 2. 4Q 2015 Financial Results Driving values through sustainable growth 11
Slide 12: Statement of Comprehensive Income – Consolidated
Statement of Comprehensive Income – Consolidated 4Q 2015 4Q 2014 Change YTD 2015 YTD 2014 Change RM'000 RM'000 % RM'000 RM'000 % Gross revenue 114,937 109,217 5.2% 453,454 427,788 6.0% Less : Property operating expenses (30,517) (30,394) 0.4% (112,628) (106,811) 1 5.4% Net property income 84,420 78,
Slide 13: Statement of Financial Position – Consolidated
Statement of Financial Position – Consolidated 30.06.15 31.03.15 31.12.14 30.09.14 30.06.14 RM'000 RM'000 RM'000 RM'000 RM'000 ASSETS Non-current assets Plant and equipment 5,268 4,200 3,737 3,354 3,039 Investment properties 6,324,000 5,846,119 5,652,110 5,558,894 5,520,000 6,329,268 5,850,319 5,655
Slide 14: Debt Profile
Debt Profile Facility Limit RM'mil RM'mil Loan Maturity Profile (RM'mil) 900.0 Term Loan 360.9 378.61 800.0 Commercial Papers (CP) / 700.0 2 Revolving Loans (RL) 900.0 763.4 600.0 263.4 Unrated MTNs 1,000.0 1,000.0 500.0 400.0 Total Gross Borrowings 2,142.0 300.0 3 Discount on Commercial Papers - 20
Slide 15: 3. 4Q 2015 Portfolio Performance
3. 4Q 2015 Portfolio Performance Driving values through sustainable growth 15
Slide 16: 4Q 2015 Revenue Contribution
4Q 2015 Revenue Contribution 4Q 2015 (RM'mil) 114.9 4Q 2014 (RM'mil) 109.2 Retail Hotel Office Others 80.0 71.9 70.0 66.7 60.0 50.0 40.0 30.0 20.0 11.1 10.0 10.0 8.0 7.8 4.2 5.5 4.4 4.6 5.2 4.9 1.3 1.2 0.9 0.2 1.1 1.3 0.9 - 2.9 3.8 0.8 2.4 1.7 - 0.5 0.8 - Sunway Sunway SCI Sunway Sunway Pyramid Sunw
Slide 17: 4Q 2015 Revenue Contribution (Cont'd)
4Q 2015 Revenue Contribution (Cont’d) Explanation: * 1. Sunway Pyramid – Sunway Pyramid Shopping Mall recorded a gross revenue growth of 7.9% or RM5.2 million for 4Q 2015 compared to 4Q 2014 primarily attributable to the higher average net rent per sq. ft. and higher YTD average occupancy rate of 98
Slide 18: 4Q 2015 Revenue Contribution (Cont'd)
4Q 2015 Revenue Contribution (Cont’d) Sunway By property By sector Putra Tower 0.7% Sunway Medical Others Centre Office 4.5% Wisma 4.5% 8.5% Sunway Tower Sunway Menara Sunway 2.5% 1.5% Hotel 3.8% 12.9% Sunway Hotel Georgetown Retail 0.9% 74.2% Sunway Putra Hotel Pyramid 1.0% Tower Hotel 3.6% Sunway
Slide 19: YTD 4Q 2015 Revenue Contribution
YTD 4Q 2015 Revenue Contribution YTD 4Q 2015 (RM'mil) 453.5 YTD 4Q 2014 (RM'mil) 427.8 Retail Hotel Office Others 300.0 283.7 258.4 250.0 200.0 150.0 100.0 50.0 42.6 37.1 33.0 33.3 18.4 21.2 17.9 17.8 12.6 16.0 20.4 19.3 5.0 4.6 1.2 0.6 4.0 4.2 4.4 5.9 1.6 - 6.9 9.4 1.8 - - Sunway Sunway SCI Sunway
Slide 20: YTD 4Q 2015 Revenue Contribution (Cont'd)
YTD 4Q 2015 Revenue Contribution (Cont’d) Explanation:* 1. Sunway Pyramid, Sunway Carnival, Sunway Putra Mall, Sunway Putra Hotel, Sunway Hotel Georgetown, Sunway Tower, Sunway Putra Tower, Wisma Sunway and Sunway Medical Centre – As per explanation on page 17. 2. SCI Hypermarket – Higher revenue du
Slide 21: YTD 4Q 2015 Revenue Contribution (Cont'd)
YTD 4Q 2015 Revenue Contribution (Cont’d) By sector Sunway By property Others Putra Tower Sunway Medical Office 4.5% 1.5% Wisma Centre 8.6% Menara Sunway Sunway Tower Sunway 4.5% 3.9% 2.8% 0.4% Hotel 13.5% Sunway Hotel Georgetown 0.3% Retail Sunway 73.4% Putra Hotel 1.0% Pyramid Tower Hotel Sunway H
Slide 22: 4Q 2015 NPI Contribution
4Q 2015 NPI Contribution NPI Margin 4Q 2015 (RM'mil) 84.4 73.4% 4Q 2014 (RM'mil) 78.8 72.2% Retail Hotel Office Others 60.0 55.0 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 - (5.0) Sunway Sunway Sunway Sunway Sunway Sunway SCI Sunway Pyramid Hotel Sunway Menara Sunway Sunway Wisma Resort Hotel
Slide 23: 4Q 2015 NPI Contribution (cont'd)
4Q 2015 NPI Contribution (cont’d) Explanation: 1. Sunway Pyramid, Sunway Carnival, Sunway Resort Hotel & Spa, Pyramid Tower East, Sunway Hotel Seberang Jaya, Sunway Putra Hotel, Sunway Hotel Georgetown, Sunway Tower, Sunway Putra Tower, Wisma Sunway and Sunway Medical Center – as per explanations on
Slide 24: 4Q 2015 NPI Contribution (Cont'd)
4Q 2015 NPI Contribution (Cont’d) By sector By property Others Sunway Tower Wisma Sunway Sunway Office 6.2% 1.6% 1.1% 7.1% Putra Tower Sunway Medical Menara Sunway 0.7% Centre 3.4% 5.9% Hotel Sunway Hotel 16.7% Retail Georgetown 70.0% 1.0% Sunway Pyramid Putra Hotel Tower Hotel 1.0% 4.7% Sunway Hote
Slide 25: YTD 4Q 2015 NPI Contribution
YTD 4Q 2015 NPI Contribution NPI Margin YTD 4Q 2015 (RM'mil) 340.8 75.2% YTD 4Q 2014 (RM'mil) 321.0 75.0% Retail Hotel Office Others 220.0 200.0 180.0 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 - (20.0) Sunway Sunway Sunway Sunway Sunway Sunway SCI Sunway Pyramid Hotel Sunway Menara Sunway Sunway W
Slide 26: YTD 4Q 2015 NPI Contribution (cont'd)
YTD 4Q 2015 NPI Contribution (cont’d) Explanation: 1. Sunway Pyramid, Sunway Carnival, Sunway Putra Hotel, Sunway Hotel Georgetown, Sunway Tower, Sunway Putra Tower, Wisma Sunway and Sunway Medical Centre – As per explanation on page 17. 2. SCI Hypermarket, Sunway Resort Hotel & Spa, Pyramid Tower E
Slide 27: YTD 4Q 2015 NPI Contribution (Cont'd)
YTD 4Q 2015 NPI Contribution (Cont’d) By sector Sunway By property Others Office6.0% Putra Tower 7.2% 1.1% Wisma Sunway Sunway Medical Menara Sunway 0.3% Sunway Tower Centre Hotel 3.6% 5.9% 2.1% 17.2% Sunway Hotel Georgetown 0.4% Retail Sunway 69.6% Putra Hotel 1.1% Pyramid Sunway Hotel Tower Hotel
Slide 28: Resilient Income Stream
RESILIENT INCOME STREAM Well spread-out lease expiry profile and diverse tenant base WALE 1 as at 30 June 2015– 2.19 years Top 10 tenants contribute approximately 12.5% of total revenue Projected tenancy expiry of portfolio 2 Top 10 tenants³ Total Top 10 Tenants 12.5% 70.0% Ranhill Worley Parsons Sd
Slide 29: 4. 4Q 2015 Property Performance
4. 4Q 2015 Property Performance Driving values through sustainable growth 29
Slide 30: Retail Properties: Sunway Pyramid Shopping Mall
RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 60% Average occupancy rate 50% 100.0% 98.5% 98.6% 98.3% 97.8% 98.1% 40% 95.0% 30% 90.0% 20% 85.0% 10% 80.0% 22.4% 52.0% 23.3% 0.7% 0% FY2016 FY2017 FY2018 Monthly 75.0% tenancy Jun-11 Jun-12 Jun
Slide 31: Retail Properties: Sunway Pyramid (Cont'd)
RETAIL PROPERTIES SUNWAY PYRAMID SHOPPING MALL (Cont’d) Tenant mix Top 10 tenants Total Top 10 Tenants 12.1% Aeon Co (M) Bhd 2.2% 22.3% Parkson Corporation Sdn Bhd 1.7% 36.9% TGV Cinemas Sdn Bhd 1.4% 6.7% Sunway Resort Hotel Sdn Bhd (Convention Centre) 1.1% 4.4% Padini Dot Com Sdn Bhd 1.0% 5.2% 4.4%
Slide 32: Retail Properties: Sunway Carnival Shopping Mall
RETAIL PROPERTIES SUNWAY CARNIVAL SHOPPING MALL Historical occupancy rates Projected lease expiry schedule 40% Average occupancy rate 35% 100.0% 30% 97.4% 97.3% 25% 95.0% 92.0% 20% 91.2% 90.6% 90.0% 15% 85.0% 10% 5% 80.0% 33.7% 50.7% 11.5% 0.2% 0% FY2016 FY2017 FY2018 Monthly 75.0% tenancy Jun-11 Ju
Slide 33: Retail Properties: Sunway Carnival (Cont'd)
RETAIL PROPERTIES SUNWAY CARNIVAL SHOPPING MALL (Cont’d) Tenant mix Top 10 tenants Total Top 10 Tenants 30.7% 15.9% Golden Screen Cinemas Sdn Bhd 9.3% 25.7% Parkson Corporation Sdn Bhd 9.0% 9.0% Sam's Groceria Sdn Bhd 2.4% 9.0% Sunway Carnival Convention Centre 2.2% 15.9% Life Habitat Sdn Bhd 1.6% 1
Slide 34: Retail Properties: Suncity Ipoh Hypermarket
RETAIL PROPERTIES SUNCITY IPOH HYPERMARKET Historical occupancy rates Average occupancy rate 100% 100% 100% 100% 100% 100% 95% 90% 85% 80% 75% Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Suncity Ipoh Hypermarket is tenanted to a single tenant, a major hypermarket and retailer chain operating under the “Giant
Slide 35: Retail Properties: Sunway Putra Mall
RETAIL PROPERTIES SUNWAY PUTRA MALL Historical occupancy rates Projected lease expiry schedule Average occupancy rate 60% 50% 100.0% 95.0% 90.0% 40% 85.0% 82.4% 79.8% 80.0% 75.0% 69.8% 30% 70.0% 65.0% 60.0% 20% 55.0% 50.0% 45.0% 10% 40.0% 35.0% 3.3% 79.1% 30.0% 0% 25.0% FY2017 FY2018 20.0% 17.6% 15.
Slide 36: Retail Properties: Sunway Putra Mall (Cont'd)
RETAIL PROPERTIES SUNWAY PUTRA MALL (Cont’d) Tenant mix Top 10 tenants Total Top 10 Tenants 18.3% TGV Cinema Sdn Bhd 4.9% 29.1% 34.9% Padini Dot Com Sdn Bhd 2.1% GCH Retail (M) Sdn Bhd-Cold Storage 2.0% Nichii Sdn Bhd 1.5% 0.2% UNIQLO (Malaysia) Sdn Bhd 1.5% 3.3% 4.9% 2.0% Sports Direct MST Sdn Bhd
Slide 37: Hospitality Properties: Sunway Resort Hotel & Spa
HOSPITALITY PROPERTIES SUNWAY RESORT HOTEL & SPA Historical occupancy rate Average occupancy rate (%) Average occupancy rate 85.0% 83.5% 85.0% 82.1% 80.9% 81.1% 78.8% 78.0% 80.0% 76.0% 80.0% 77.3% 75.0% 71.3% 75.6% 69.4% 75.0% 74.0% 70.0% 66.7% 72.4% 65.0% 70.0% 60.0% 55.0% 65.0% 50.0% 60.0% Jun-10
Slide 38: Hospitality Properties: Pyramid Tower East
HOSPITALITY PROPERTIES PYRAMID TOWER EAST (formerly PYRAMID TOWER HOTEL) Historical occupancy rate Average occupancy rate (%) Average occupancy rate 100.0% 85.0% 83.1% 82.4% 80.9% 81.4% 95.0% 92.0% 78.7% 80.0% 90.0% 88.5% 75.0% 85.0% 83.7% 82.8% 82.2% 80.0% 70.0% 76.0% 75.3% 75.0% 73.8% 65.0% 70.0%
Slide 39: Hospitality Properties: Sunway Hotel Seberang Jaya
HOSPITALITY PROPERTIES SUNWAY HOTEL SEBERANG JAYA Historical occupancy rate Average occupancy rate (%) Average occupancy rate 100.0% 90.0% 80.0% 90.0% 80.0% 70.2% 81.5% 67.8% 69.6% 80.0% 77.6% 70.0% 75.7% 68.7% 69.7% 60.0% 70.0% 51.6% 63.2% 50.0% 60.0% 57.8% 55.2% 40.0% 50.0% Jun-11 Jun-12 Jun-13 Ju
Slide 40: Hospitality Properties: Sunway Hotel Georgetown
HOSPITALITY PROPERTIES SUNWAY HOTEL GEORGETOWN Historical occupancy rate Average occupancy rate (%) Average occupancy rate 100.0% 90.0% 90.0% 80.0% 76.0% 83.6% 82.0% 70.5% 70.4% 69.1% 80.0% 70.0% 70.2% 60.0% 54.7% 70.0% 67.4% 50.0% 60.0% 40.0% Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 50.0% Avg occupancy r
Slide 41: Hospitality Properties: Sunway Putra Hotel
HOSPITALITY PROPERTIES SUNWAY PUTRA HOTEL Historical occupancy rate Average occupancy rate (%) Average occupancy rate 60.0% 70.0% 60.2% 51.6% 59.0% 60.0% 50.0% 43.8% 50.0% 42.6% 38.8% 40.0% 40.0% 36.4% 28.8% 36.1% 30.0% 31.6% 20.0% 30.0% 25.2% 10.0% 22.3% 0.0% 20.0% Jun-12 * Jun-13 Jun-14 Jun-15 Avg
Slide 42: Office Properties: Menara Sunway
OFFICE PROPERTIES MENARA SUNWAY Historical occupancy rates Projected lease expiry schedule Average occupancy rate 70% 60% 99.7% 100.0% 98.5% 98.9% 98.8% 97.1% 50% 95.0% 40% 90.0% 30% 20% 85.0% 10% 6.5% 80.0% 3.8% 71.8% 0% FY2016 FY2017 FY2018 75.0% Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Expiring tenanci
Slide 43: Office Properties: Menara Sunway (Cont'd)
OFFICE PROPERTIES MENARA SUNWAY (Cont’d) Tenant mix Top 10 tenants 1.8% Total Top 10 Tenants 80.5% 1.8% 8.5% 2.9% Sunway Management Sdn Bhd 15.7% 2.9% 27.1% Sunway Integrated Properties Sdn Bhd 15.2% 6.7% Maxis Mobile Sdn Bhd 14.0% Sunway Construction Sdn Bhd 9.5% 12.5% Sunway Shared Services Sdn Bh
Slide 44: Office Properties: Sunway Tower
OFFICE PROPERTIES SUNWAY TOWER Historical occupancy rates Projected lease expiry schedule Average occupancy rate 70% 60% 100.0% 97.0% 50% 52.50% 95.0% 93.5% 40% 90.0% 84.3% 85.0% 83.0% 30% 80.0% 20% 75.0% 70.0% 10% 66.9% 65.0% 3.10% 5.20% 3.99% 0% 60.0% FY2016 FY2017 FY2018 Monthly tenancy Jun-11 Ju
Slide 45: Office Properties: Sunway Tower (Cont'd)
OFFICE PROPERTIES SUNWAY TOWER (Cont’d) Tenant mix Top 10 tenants 2.3% 4.9% Total Top 10 Tenants 99.0% 2.4% 2 2.9% Ranhill Worley Parsons Sdn Bhd 72.4% 2 Intecsea Sdn Bhd 6.8% 4.1% Royal Danish Embassy 4.2% 4.2% ACCA Malaysia Sdn Bhd 4.1% WRP Asia Pacific Sdn Bhd 2.9% Zhuojian Associates S/B 2.4% 79
Slide 46: Office Properties: Sunway Putra Tower
OFFICE PROPERTIES SUNWAY PUTRA TOWER Historical occupancy rates Projected lease expiry schedule 50% Average occupancy rate 45% 40% 100.0% 98.7% 35% 30% 90.0% 85.2% 25% 20% 80.0% 78.0% 74.2% 15% 70.0% 10% 5% 60.0% 11.0% 15.7% 1 0% 52.8% FY2016 FY2017 50.0% Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Expiring
Slide 47: Office Properties: Sunway Putra Tower (Cont'd)
OFFICE PROPERTIES SUNWAY PUTRA TOWER (Cont’d) Tenant mix Top tenants Total Top Tenants 100.0% 2.1% 3.7% Kementerian Perdagangan Dalam Negeri 59.4% 4.3% Koperasi Dan Kepenggunaan Malaysia Jabatan Perdana Menteri (I.C.U) 14.3% Jabatan Pengairan & Saliran Malaysia (JPS) 14.1% Chini Enterprise Sdn Bhd 3
Slide 48: Office Properties: Wisma Sunway
OFFICE PROPERTIES WISMA SUNWAY Historical occupancy rates Projected lease expiry schedule 70% Average occupancy rate 60% 100.0% 50% 95.0% 40% 89.8% 90.0% 88.7% 86.9% 85.1% 30% 85.0% 80.9% 80.0% 20% 75.0% 10% 70.0% 33.1% 25.8% 30.8% 0% FY2016 FY2017 FY2018 65.0% Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Exp
Slide 49: Office Properties: Wisma Sunway (Cont'd)
OFFICE PROPERTIES WISMA SUNWAY (Cont’d) Tenant mix Top tenants Total Top Tenants 100.0% 2.7% Jabatan Kesihatan Negeri Selangor 35.5% Jabatan Alam Sekitar 30.4% Lembaga Hasil Dalam Negeri 15.2% Yayasan Penyelidikan Transformasi 5.8% Pejabat Tindakan Pelancongan Negeri 5.2% 97.3% Selangor Suruhanjaya
Slide 50: 5. Market Outlook
5. Market Outlook Driving values through sustainable growth 50
Slide 51: General Outlook
General Outlook o The global economy expanded modestly in first quarter of CY2015 supported by gradual acceleration in the advanced economy. However, downside risk to growth has heightened arising from recent development in Europe and China. The International Monetary Fund (“IMF”) has revised global
Slide 52: General Outlook
General Outlook o At the recent Monetary Policy Committee (MPC) meeting on 9 July 2015, Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3.25%. BNM recognized the heightened risks to global growth and to assess the implications on macroeconomic stability to the M
Slide 53: Retail
Retail o Retail Group Malaysia (RGM) has made a third downward revision in its retail sales forecast for Malaysia for CY2015 from 4.9% to 4.0%. RGM expects consumers to be conscious on retail consumption due to the higher cost of living, inflated retail prices arising from a weaker MYR and escalatin
Slide 54: Retail (Cont'd)
Retail (Cont’d) o Sunway Carnival Shopping Mall recorded higher average occupancy rate of 97.3% for FY2015 compared to 92.0% for FY2014 due to tenancy commencement of a supermarket occupying approximately 44,000 sq.ft. in July 2014. A total of 96,853 sq.ft. of NLA was renewed at a double-digit renta
Slide 55: Hotel
Hotel o In the first quarter of CY2015, tourist arrivals stood at 6.5 million, representing a decline of 8.6% y- o-y compared to the same period during Visit Malaysia Year in CY2014. The ASEAN region continued to be largest contributor of tourist arrivals with circa 73.5% share (4.8 million) followe
Slide 56: Hotel (Cont'd)
Hotel (Cont’d) o Sunway Putra Hotel continued to be adversely affected by the final stages of refurbishment of the hotel. The average occupancy rate slid further to 25.2% in 4QFY2015 versus 38.8% in 4QFY2014. As a result, full year average occupancy rate slipped to 28.8% in FY2015 (FY2014: 42.6%). A
Slide 57: Hotel (Cont'd)
Hotel (Cont’d) o On the Penang Island, Sunway Hotel Georgetown registered a lower average occupancy rate of 70.2% in 4QFY2015 compared to 82.0%1 in 4QFY2014 for the same reasons mentioned above. Average occupancy rate stood at 69.1%2 for FY2015 (FY2014: 76.0%1). o The Manager expects income contribu
Slide 58: Office
Office o Klang Valley’s total existing office stock stood at 107.86 million sq.ft. as at 1QCY2015. An additional supply of 5.89 million sq.ft. is expected to enter the market by end CY2015. o Prime location and good grade dual compliant (MSC status and GBI certified) office buildings are anticipated
Slide 59: Office (Cont'd)
Office (Cont’d) o Average occupancy rate for Sunway Putra Tower stood at 52.8% for FY2015 compared to 74.2% in FY2014 due to termination of an anchor tenant in December 2014. The asset manager is actively seeking for replacement tenants. This provides an opportunity to further diversify tenancy mix
Slide 60: 6. Investor Relations
6. Investor Relations Driving values through sustainable growth 60
Slide 61: Unit Price Performance - IPO to 30 June 2015
Unit Price Performance - IPO to 30 June 2015 Unit Price Performance of Sunway REIT versus Performance Statistics* Benchmarks (8 July 2010 – 30 June 2015) 100.0% TR/GPR/APREA Composite REIT Price : RM0.90 Index Malaysia (as at 8/7/2010) 84.4% Closing Price : RM1.54 80.0% (as at 30/6/2015) Highest Pri
Slide 62: Unit Price Performance - FY2015
Unit Price Performance - FY2015 Unit Price Performance of Sunway REIT versus Performance Statistics* Benchmarks (30 June 2014 – 30 June 2015) 24.0% TR/GPR/APREA Composite REIT Price : RM1.44 Index Malaysia (as at 30/6/2014) 20.0% 9.1% Closing Price : RM1.54 16.0% (as at 30/6/2015) Highest Price : RM
Slide 63: Unitholders' Composition (as at 30 June 2015)
Unitholders’ Composition (as at 30 June 2015) Retail Foreign 14.9% 19.6% Sunway Berhad 36.2% Domestic Institutions 80.4% 48.9% June 2015 March 2015 Q-o-Q Change No of unitholders 8,683 8,779 - 96 (- 1.1%) Retail unitholders 14.9% 15.0% - 0.1% Foreign unitholders 19.6% 19.4% + 0.2% Sunway Berhad 36.2
Slide 64: Comparative Yields for Various Assets
Comparative Yields for Various Assets 8.0% 7.11% 2 7.0% 6.75% 4 6.0% 5.66% 1 5.0% 4.01% 2 4.0% 3.31% 3 3.25% 5 3.0% 2.0% 1.0% 0.0% Sunway REIT M-REIT 10-Year MGS Fixed Deposit EPF Yield OPR Note: 1. Distribution yield based on consensus DPU forecast of 8.7 sen (Source: Bloomberg) 2. Information as a
Slide 65: Thank You
THANK YOU Driving values through sustainable growth
Sunway Real Estate Investment Trust — Q4 FY2015 Earnings Presentation on 6ix