Bhg Retail Reit · SGX:BMGU
Bhg Retail Reit — H1 2023 Earnings Presentation
29 slides from Bhg Retail Reit's earnings presentation, Aug 8, 2023
Slide 1: BHG Retail REIT 1H 2023 Results Presentation
BHG Retail REIT 1H 2023 Results Presentation 8 August 2023
Slide 2: Content
Content ▪ 1H 2023 Key Highlights ▪ Financial Update ▪ Portfolio Update ▪ Looking Forward Photo of Hefei Mengchenglu 2
Slide 3: 1H 2023 Key Highlights
1H 2023 Key Highlights 31.1 17.9 0.35 (SGD million) (SGD million) (SGD cents) Gross Revenue Net Property Income in Distribution per Unit in in 1H 2023 1H 2023 1H 20231 95.8% 39.3% Revitalising Tenancies Portfolio Gearing2 Enhancing Experiences Occupancy2 +5.5% +4.9% +8.2% China GDP Disposable China
Slide 4: Financial Update
Financial Update Photo of Beijing Wanliu
Slide 5: 1H 2023 Financial Update
1H 2023 Financial Update Gross Revenue Net Property Income Gross Revenue Net Property Income 1H 2023 1H 2023 SGD million SGD million 31.1 17.9 SGD million SGD million 35.6 31.1 21.0 17.9 Amount to be distributed Distribution per Unit1,2 to Unitholders1,2 1H 2023 1H 2023 0.35 1.8 SGD cents SGD millio
Slide 6: 1H 2023 Distribution Payment
1H 2023 Distribution Payment Distribution Details Distribution Period 1 January 2023 to 30 June 2023 Distribution Per Unit (SGD) 0.35 cents per unit Distribution Timetable Ex-Date 16 August 2023 Books Closure Date 17 August 2023 Payment Date 28 September 2023 6
Slide 7: Balance Sheet and Capital Management
Balance Sheet and Capital Management Balance Sheet (SGD million) As at 30 June 2023 Investment Properties 876.9 Total Assets 928.7 Investment Properties 912.2 Total Liabilities 379.5 Net Assets 549.2 Total Assets 959.2 Net Asset Value Per Unit1 (SGD cents) 0.74 Total Liabilities 375.2 Healthy Gearin
Slide 8: Portfolio Update
Portfolio Update Photo of Chengdu Konggang
Slide 9: Portfolio Overview
Portfolio Overview MULTI-TENANTED Dalian Beijing Xining Chengdu Hefei Multi-tenanted Master-leased Beijing Wanliu Hefei Mengchenglu MASTER-LEASED Chengdu Konggang Hefei Changjiangxilu Xining Huayuan Dalian Jinsanjiao 9
Slide 10: Portfolio Overview: valuation, NLA, occupancy and WALE
Portfolio Overview1 6 4,703.0 179,920 95.8% 5.4 Years Properties (RMB million) Net Lettable Area Committed Weighted Ave. Valuation2 (NLA) sqm Occupancy Rate Lease Expiry by NLA Beijing Chengdu Hefei Hefei Xining Dalian Wanliu Konggang Mengchenglu Changjiangxilu Huayuan Jinsanjiao Valuation2 2,527.03
Slide 11: Lease Expiry Profile
Lease Expiry Profile Weighted Average Lease Expiry (WALE) as at 30 June 2023 By Gross Rental Income: 3.3 years By Committed NLA: 5.4 years Lease Expiry Profile as at 30 June 2023 49.2% By Gross Rental Income By Committed NLA 26.6% 28.6% 25.2% 18.0% 15.4% 12.8% 10.6% 5.0% 5.5% 1.8% 1.3% FY2023 FY2024
Slide 12: Diversified Tenant Mix
Diversified Tenant Mix ▪ Close to 69% of Gross Rental Income and 72% of Net Lettable Area from experiential segment (exclude fashion & accessories) Trade Mix Multi-tenanted Malls (As at 30 June 2023) Breakdown of Gross Rental Income by Trade Sector Breakdown of Net Lettable Area by Trade Sector F&B
Slide 13: Revitalising Tenancies Enhancing Experiences
Revitalising Tenancies Enhancing Experiences Photo of Hefei Mengchenglu
Slide 14: New Lifestyle and Retail Offerings In our Malls
New Lifestyle and Retail Offerings In our Malls Leke Fitness 乐刻健身 Migao Roller Skating 米高轮滑 Zhuanzhuan 转转 @ Beijing Wanliu @ Hefei Changjiangxilu @ Chengdu Konggang Reflower 花点时间 Timier House 婷美小屋 Kaadas Smart Locks 凯迪仕智能锁 @ Beijing Wanliu @ Beijing Wanliu @ Beijing Wanliu 14
Slide 15: New Tenants In Our Malls (Fashion and Children)
New Tenants In Our Malls (Fashion and Children) CMUOUX 彩木欧宣 Finelycup 梵妳卡波 Haobo 好波 @ Beijing Wanliu @ Hefei Changjiangxilu @ Hefei Changjiangxilu 361° Sports Madai Arcade 麻呔商城 Children’s Playground 梦思彤 To be updated @ Chengdu Konggang @ Beijing Wanliu @ Chengdu Konggang 15
Slide 16: Popular F&B Selections
Popular F&B Selections AGan Guokui 阿甘锅盔 Galaxy Food Court 银河美食广场 Blue Frog Bar & Grill 蓝蛙 @ Beijing Wanliu @ Beijing Wanliu @ Beijing Wanliu Hey Tea 喜茶 Su Xiangji 酥祥记 Yi Xun Mao Cai 壹寻冒菜 @ Hefei Mengchenglu @ Chengdu Konggang @ Hefei Changjiangxilu 16
Slide 17: Engaging Communities Creating Lasting Memories
Anchoring Foundations. Staying Resilient. Engaging Communities Creating Lasting Memories Photo of Chengdu Konggang
Slide 18: Engaging Shoppers and Communities
Engaging Shoppers and Communities Street Dance Competition@ Beijing Wanliu Public Square Dancing Event @ Hefei Changjiangxilu Music Festival @ Beijing Wanliu E-Sports Event @ Hefei Changjiangxilu 18
Slide 19: Children & Family Activities
Children & Family Activities Parent-Child Art & Craft @ Beijing Wanliu Children’s Concert @ Hefei Changjiangxilu Father’s Day Event @ Beijing Wanliu Parent-Child Art & Craft @ Hefei Mengchenglu 19
Slide 20: Our Sustainability Journey: Environmental, Social and Governance (ESG)
Our Sustainability Journey Environmental, Social and Governance (ESG)
Slide 21: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Background ▪ We are cognisant of ESG issues that are relevant for BHG Retail REIT and our stakeholders ▪ Proactively strive to consider and address these ESG issues during our business strategy formulation ▪ Started annual sustainability reporting and issue
Slide 22: Our Sustainability Journey: Environmental
Our Sustainability Journey: Environmental Energy Efficiency Water Management Established energy savings plan to ensure energy efficiency ▪ Implemented practices to control and manage through lighting management efforts and optimisation of air- water wastage such as: conditioning system output, such
Slide 23: Our Sustainability Journey: Social (CSR Initiatives)
Our Sustainability Journey: Social (CSR Initiatives) CNY Gift Packs to Elderlies 孤寡老人爱心慰问活动 Tree Planting Programme 植树节 Movies for the Disabled 残疾人公益观影活动 Calligraphy Workshop with Visually Impaired Artist 23
Slide 24: Our Sustainability Journey: Governance
Our Sustainability Journey: Governance Awards Results Year 1 Best Retail REIT (for companies with less than US$1 billion in market Platinum 2023 capitalisation) Asia Pacific Best of the Breed REITs Awards 2023TM 2 Best Investor Relations Platinum 2023 Asia Pacific Best of the Breed REITs Awards 2023
Slide 25: Looking Forward
Looking Forward Photo of Beijing Wanliu 25
Slide 26: China Macroeconomic Outlook
China Macroeconomic Outlook China 1H 2023 ▪ China’s 1H2023 gross domestic product (“GDP”) grew 5.5% year-on-year to GDP RMB 59.3 trillion. 1H 2023 disposable income per capita of urban residents Growth +5.5% grew 4.9% year-on-year, while retail sales of consumer goods was up 8.2% (y-on-y) year-on-ye
Slide 27: Looking Forward
Looking Forward The Manager remains focused and committed to proactively manage the existing portfolio, as well as to pursue growth Creating Organic Value Pursuing Acquisition Growth Proactive Asset Management ▪ Completed acquisition of Hefei Changjiangxilu in April ▪ Reinforce community positioning
Slide 28: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may constitute “forward- looking” statements (including forward-looking financial information). Actual future performance, outcomes and results may differ materially from those expressed i
Slide 29: Thank you
For further information and enquiries: BHG Retail Trust Management Pte. Ltd. Thank you Contact: (65) 6805 8288 Email: ir@bhgreit.com Website: http://www.bhgreit.com 29