Capitaland Integrated Commercial Trust · SGX:C38U
Capitaland Integrated Commercial Trust — Capitaland Integrtd Unit — 1H 2026 Earnings Presentation
47 slides from Capitaland Integrated Commercial Trust's earnings presentation, Aug 12, 2026
Slide 1: 1H 2026 Financial Results
1H 2026 Financial Results 12 August 2026
Slide 2: Disclaimer
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Disclaimer This presentation (“Presentation”) is prepared by CapitaLand Integrated Commercial Trust Management Limited (“Manager”) and is strictly confidential to the person to whom it is provided. This Presentation is for general info
Slide 3: Agenda
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Agenda 01 Highlights 02 Financials & Capital Management 03 Portfolio & Asset Type Performance 04 Focus & Outlook 05 Sustainability 06 Market Information Raffles City Singapore 3
Slide 4: Highlights
01 Highlights
Slide 5: Healthy Performance for 1H 2026
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Healthy Performance for 1H 2026 1H 2026 Financial Performance Operating Metrics Operating Metrics NPI S$630.5M Portfolio 95.6% Retail Portfolio ▲ 8.7% YoY Occupancy ▲ 0.4 ppts QoQ ▲ 4.0% 1H 2026 Rent Distributable S$466.7M 97.7% Revers
Slide 6: Portfolio Updates
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Updates TRANSACTIONS| DEVELOPMENT AEI | UPGRADING PROPERTY STATUS PROPERTY COMPLETION CAPEX ROI STATUS PARAGON Agreed Property Value S$3.9B1 √ TAMPINES MALL 3Q 2026 ~S$24M ~7% Progressing Completed on Overall Net Yield 3.9%2
Slide 7: Tampines Mall AEI: A New Chapter Awaits
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Tampines Mall AEI: A New Chapter Awaits Curated mix of fashion, beauty, lifestyle and dining concepts to uplift asset value and enhance asset potential NEW BRANDS UNVEILED Leases OPENING PROGRESSIVELY IN 2H 2026 committed & in advanced
Slide 8: Financials & Capital Management
02 Financials & Capital Management
Slide 9: Summary of 1H 2026 Financial Performance
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Summary of 1H 2026 Financial Performance Strong DPU growth underpinned by resilient portfolio and strategic growth initiatives taking into account an enlarged unit base Summary of CICT's Results 1H 2026 1H 2025 Change % Driven by Capit
Slide 10: 2Q 2026 Financial Performance
1H 2026 Financial Results CapitaLand Integrated Commercial Trust 2Q 2026 Financial Performance1 Stronger YoY performance largely due to the step-up acquisition to a 100% interest in CapitaSpring and contribution from Gallileo, partially offset by the divestment of Bukit Panjang Plaza 2Q 2026 2Q 2026
Slide 11: 1H 2026 Financial Performance
1H 2026 Financial Results CapitaLand Integrated Commercial Trust 1H 2026 Financial Performance1 Higher YoY performance mainly driven by CapitaSpring’s step-up acquisition and contribution from Gallileo, partially offset by the divestment of Bukit Panjang Plaza 1H 2026 1H 2026 Gross Revenue S$846.8 M
Slide 12: Resilience through Diversified Revenue Streams
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Resilience through Diversified Revenue Streams Singapore 94% 1H 2026 Germany 3% Gross Revenue: Australia 3% S$846.8M SINGAPORE 1. Office comprises office revenue contribution from Funan, Raffles City Singapore and The Atrium@Orchard. 1
Slide 13: 1H 2026 DPU Grew 7.1% YoY to 6.02¢
1H 2026 Financial Results CapitaLand Integrated Commercial Trust 1H 2026 DPU Grew 7.1% YoY to 6.02¢1 DISTRIBUTABLE INCOME (S$M) 752.2 860.92 702.4 715.7 DISTRIBUTION DETAILS 674.7 1H 2026: 449.0 362.5 385.7 +13.3% 338.8 355.1 Distribution Period 29 April 2026 to 30 June 2026 3 366.5 411.9 466.7 335.
Slide 14: Healthy Balance Sheet
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Healthy Balance Sheet As at 30 June 2026 S$’000 S$ Non-current Assets 25,511,735 Net Asset Value/Unit 2.15 Current Assets 2,685,075 Adjusted Net Asset Value/Unit 2.13 (excluding distributable income) Total Assets 28,196,810 Current Lia
Slide 15: Proactive Capital Management
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Proactive Capital Management As at 30 June 2026 As at 31 March 2026 Aggregate Leverage1 37.4% 38.5% Total Borrowings (S$ billion) 9.9 9.8 % of Borrowings on Fixed Interest Rate 78% 76% % of Total Assets that are Unencumbered 92.8% 90.7
Slide 16: Well Spread Debt Maturity Profile
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Well Spread Debt Maturity Profile1 Exclude share of JV borrowings 20% 2,136 Funding sources 18% 17% 1,867 1,849 40% MTN 814 13% Unsecured bank loans 50% S$ million 1,339 10% Secured bank loans 10% 1,106 1,374 1,109 388 Interest rate se
Slide 17: Portfolio & Asset Type Performance
03 Portfolio & Asset Type Performance The retail and office asset information comprises the respective retail and office components of integrated developments, unless stated otherwise, to present their operating metrics and trends. Please see Portfolio Information as at 30 June 2026 on CICT's websit
Slide 18: Committed Occupancy
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Occupancy and WALE Overall occupancy remains stable RETAIL1 OFFICE INTEGRATED PORTFOLIO 2 DEVELOPMENT2 1 97.8% 97.7% 93.7% 94.4% 96.0% 95.5% 95.2% 95.6% Committed Occupancy 31 Mar 2026 30 Jun 2026 WALE 2.0 years 3.0 years 4.4
Slide 19: Portfolio Top 10 Tenants
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Portfolio Top 10 Tenants Stable QoQ, with no single tenant contributing over 5% of total gross rental income Top 10 Tenants for Jun 2026 % of Total GRI Trade Sector 1 RC Hotels (Pte) Ltd 4.6 Hospitality & Leisure 2 GIC Privat
Slide 20: Portfolio Lease Expiry Profile
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Portfolio Lease Expiry Profile Proactively managing leases to ensure well spread portfolio lease expiry Leases in advanced negotiation: Retail 3.4% | Office 2.4% 17.4% 13.7% 12.0% 10.8% 8.6% 8.6% 6.6% 5.3% 4.5% 3.5% 3.5% 3.0%
Slide 21: Diversified Tenants' Business Trade Mix
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Diversified Tenants’ Business Trade Mix Real Estate & Property Other Retail and Product Trades IT & Telecommunications Services Books, Stationery & Gifts/ Hobbies/ 4.3% 4.1% 3.5% Sports Jewellery & Watches 3.0% Hospitality &
Slide 22: Healthy Leasing Activity Across Portfolio
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Portfolio Healthy Leasing Activity Across Portfolio RETAIL - SINGAPORE OFFICE - SINGAPORE, GERMANY & AUSTRALIA Total New/ Renewed Leases1 (sq ft) Total New/ Renewed Leases (sq ft) New leases made up 39.6%, New leases made up 21.8%, 1Q
Slide 23: Sustaining High Retail Occupancy
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Retail Sustaining High Retail Occupancy Retail portfolio reported higher occupancy than URA’s Singapore retail occupancy rate of 93.5%1 SUBURBAN 2 DOWNTOWN RETAIL PORTFOLIO 2 99.2% 99.4% 96.8% 96.3% 97.8% 97.7% As at 31 Mar 2026 As at
Slide 24: Positive Rent Reversion for 1H 2026
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Retail Positive Rent Reversion for 1H 2026 To sustain healthy and positive rent reversions in the quarters ahead 1H 2026 Based on NLA Rent Reversion1 Average Incoming Rents No. of Renewals Retention Percentage of Retail Vs /New Leases
Slide 25: Healthy Tenant Sales Growth Despite Macro Headwinds
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Retail Healthy Tenant Sales Growth Despite Macro Headwinds Tenant Sales1 (psf) Top Trade Categories Performance Portfolio Portfolio +1.6% Portfolio Resilient growth driven by seasonal 1H 2026 (YoY) promotions and new store openings, wi
Slide 26: Elevating Experiences with New Retail Offerings
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Retail Elevating Experiences with New Retail Offerings Mui Kee @ Raffles City Singapore Rally Clubhouse @ CQ @ Clarke Quay Overworld @ Funan Photomanner @ Funan (NTP): (NTM): (NTP): (NTP): Bridging silky-smooth Cantonese A lifestyle sp
Slide 27: Active Leasing in Progress
1H 2026 Financial Results CapitaLand Integrated CapitaLand Commercial Integrated CommercialTrust Trust Office Active Leasing in Progress SINGAPORE GERMANY AUSTRALIA PORTFOLIO CICT OFFICE PORTFOLIO CBRE Core CBD CBRE Frankfurt JLL 2Q 2026- 2Q 2026: 95.5% 2Q 2026: 88.8% Sydney CBD: 86.1% ► 2Q 2026 maj
Slide 28: Proactively Addressing Upcoming Expiries
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Office Proactively Addressing Upcoming Expiries Average expiring rents generally below market rent level of S$12.50 psf1 2026 2027 Average rent of leases expiring is S$11.42 psf2 Average rent of leases expiring is S$11.87 psf2 12.64 12
Slide 29: Focus & Outlook
04 Focus & Outlook
Slide 30: Positioned for Growth, Anchored by Resilient Fundamentals and Disciplined Focus
1H 2026 Financial Results CapitaLand Integrated CapitaLand Commercial Integrated CommercialTrust Trust Positioned for Growth, Anchored by Resilient Fundamentals and Disciplined Focus INCOME OUTLOOK DRIVING ORGANIC & INORGANIC GROWTH Paragon: To contribute income upon completion from 1 July 2026 Port
Slide 31: CICT's Value Creation Strategy
1H 2026 Financial Results CapitaLand Integrated Commercial Trust CICT’s Value Creation Strategy To deliver stable distributions and sustainable returns to unitholders Strengthening Asset Capital Unlocking Value Driving Growth Portfolio Enhancement Management • Optimise rental rate and • Achieve the
Slide 32: Sustainability
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Slide 33: Recognition and Sustainability Performance
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Recognition and Sustainability Performance AWARD RECOGNITION NOTABLE RANKINGS • Included for another consecutive year in the 2026 Fortune Southeast Asia 5001 Winner at the REITs Symposium Award 2026 for: and Forbes Global 20002 ● Most
Slide 34: Curating Shared Experiences That Strengthen Community Bonds and Foster Engagements
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Curating Shared Experiences That Strengthen Community Bonds and Foster Engagements COMMUNITY/ SHOPPER ENGAGEMENT Mar - Apr Apr Apr May May Spring/Summer SS26 The Red Pencil @ Lot One Upcycled Terrarium Milo Tenant Treats SG Internation
Slide 35: Market Information
06 Market Information
Slide 36: Macroeconomic Outlook
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Macroeconomic Outlook AUSTRALIA GDP SINGAPORE 1Q 2026 2026 Forecast GDP 2.5% YoY 1.9% YoY 2Q 2026 2026 Forecast Trimmed Mean Inflation Unemployment 5.9% YoY 4.5% to 5.5% YoY May 2026 June 2026 MAS Core Inflation 3.6% YoY 4.4% June 2026
Slide 37: Resilient Retail Rents Supported by Limited Retail Supply
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Resilient Retail Rents Supported by Limited Retail Supply SINGAPORE PRIVATE RETAIL SPACE (ISLANDWIDE)1 – NET DEMAND & SUPPLY Forecast average (million sq ft) annual gross new supply (2026 to 2029): 0.5 M sq ft 1.0 0.9 1.0 0.9 1.0 0.7 0
Slide 38: Future Retail Supply in Singapore (2026 – 2029)
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Future Retail Supply in Singapore (2026 – 2029) Limited retail supply expected from 2026 to 2029, with no new developments above 200,000 sq ft Completion Proposed Retail Projects Submarket Location NLA (sq ft) A141 Rest of Central Regi
Slide 39: Singapore Retail Sales Performance
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Singapore Retail Sales Performance In June 2026, YoY sales growth was mainly driven by Recreational Goods (+11.4%), Watches & Jewellery (+10.5%), Computer & Telecommunications Equipment (+9.8%), and Cosmetics, Toiletries & Medical Good
Slide 40: Singapore Tourism Activity
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Singapore Tourism Activity Tourism receipts climbed to an all-time high of S$32.8 billion in 2025 SINGAPORE TOURIST ARRIVAL AND TOURISM RECEIPTS TOURIST ARRIVALS BY TOP 5 GEOGRAPHIES (YTD JUNE 2026) +10.0% 32.8 32.5 29.8 27.7 27.2 30 A
Slide 41: Grade A Office Rents Up by 3.3% YoY in 2Q 2026
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Grade A Office Rents Up by 3.3% YoY in 2Q 2026 Forecast average SINGAPORE PRIVATE OFFICE SPACE (CENTRAL AREA)1 – NET DEMAND & SUPPLY annual gross new supply (million sq ft) (2026 to 2029): 0.9 M sq ft 1.9 1.9 2 1.7 0.7 0.7 0.9 0.8 0.8
Slide 42: Future Office Supply in Central Area (2026 – 2029)
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Future Office Supply in Central Area (2026 – 2029) Limited new supply in CBD Core1; no commercial sites in CBD Core on the Government Land Sales reserve list and confirmed list2 Completion Proposed Office Projects Submarket Location NL
Slide 43: 2Q 2026 Frankfurt Office Market
1H 2026 Financial Results CapitaLand Integrated Commercial Trust 2Q 2026 Frankfurt Office Market Positive net absorption from take- €55.00 per sq m/month up of 148,800 sq m and Stable QoQ conversion of selected office +3.8% YoY Office pipeline through Slight easing for properties to alternative uses
Slide 44: Sydney CBD 2Q 2026
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Sydney CBD 2Q 2026 Positive leasing demand for 10th consecutive quarter Positive net absorption of No completions in 1H Four projects totalling 9,500 sq m driven by large 2026 175,500 sq m are tenant (>1,000sq m) +0.5% QoQ scheduled fo
Slide 45: North Sydney CBD 2Q 2026
1H 2026 Financial Results CapitaLand Integrated Commercial Trust North Sydney CBD 2Q 2026 Limited future supply will allow time for current vacant supply to be absorbed Net absorption was While prime incentives stay No major completion in 1H -20,600 sq m, driven mainly elevated due to hovering 2026
Slide 46: Thank You
Thank You For enquiries, please contact: Ms Allison Chen, Investor Relations Direct: (65) 6713 1502 | Email: allison.chen@capitaland.com CapitaLand Integrated Commercial Trust Management Limited Tel: (65) 6713 2888 | Fax: (65) 6713 2999 cict.com.sg
Slide 47: Glossary
1H 2026 Financial Results CapitaLand Integrated Commercial Trust Glossary 1H 2026 Six months ended 30 June 2026 NLA Net lettable area 2Q 2026 Three months ended 30 June 2026 NTM New-to-market A/A Additions & alterations: refers to works that modify, extend, or NTP New-to-portfolio enhance an existin
Capitaland Integrtd Unit — 1H 2026 Earnings Presentation on 6ix