CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Corporate Update (April 2008)
18 slides from CapitaLand Integrated Commercial Trust's corporate update, Apr 25, 2008
Slide 1: Raffles City Acquisition Singapore
Raffles City City Raffles Acquisition Singapore 25 April 2008 1
Slide 2: Performance of RCS Trust – 1Q 2008
Performance of RCS Trust – 1Q 2008 1 January 2008 to 31 March 2008 CMT's 40% Interest RCS Trust Actual Forecast1 Var. Actual S$'000 S$'000 % S$'000 Gross Revenue 18,990 18,046 5.2 47,475 - Retail 8,047 7,798 3.2 20,118 - Office 2,919 2,835 3.0 7,297 - Hotel 7,325 6,969 5.1 18,312 - Others 699 444 57
Slide 3: Occupancy and Renewals/New Leases
Occupancy and Renewals/New Leases Renewals and New Leases Committed from 1 Jan 2008 to 31 Mar 2008 Renewed/New Increase in Rental Committed Leases as at vs Occupancy 31 Mar 2008 Forecast 1 Preceding as at (% of portfolio) Rent Rent 31 Mar 2008 1,607 sq m Raffles City Tower 39.7% 172.8% 97.8% (4.5%)
Slide 4: Lease Expiry Profile – Raffles City Tower
Lease Expiry Profile – Raffles City Tower Leases up for Renewal as a % of Gross Rental Income as at 31 Mar 2008 51.2% 36.5% 6.3% 6.0% 0.0% 2008 2009 2010 2011 2012 and Beyond Weighted Average Expiry (by Gross Rental Income) 1.8 Years 4
Slide 5: Lease Expiry Profile – RC Shopping Centre
Lease Expiry Profile – RC Shopping Centre Leases up for Renewal as a % of Gross Rental Income1 as at 31 Mar 2008 48.1% 27.1% 10.5% 11.8% 2.5% 2008 2009 2010 2011 2012 and Beyond Weighted Average Expiry (by Gross Rental Income) 2.0 Years Note: 1. Excludes turnover rent 5
Slide 6: Top Tenants – Raffles City Tower
Top 10 Tenants1 – Raffles City Tower % of Gross Tenant Lease Expiry Dates Rental Income Economic Development Board Jun 2009 22.6% Accenture Pte Ltd Aug 2010 12.2% Phillip Securities Pte Ltd Dec 2009 10.5% AAPC Hotels Management Pte. Ltd. Oct 2010 3.9% Raffles International Limited Jun 2010 3.7% Chin
Slide 7: Top Tenants – RC Shopping Centre
Top 10 Tenants1 – RC Shopping Centre % of Gross Tenant Lease Expiry Dates Rental Income Robinson & Company (Singapore) Private Limited Mar 2010 14.3% May 2009, Jul 2009, Wing Tai Retail Pte. Ltd. Aug 2010, Dec 2010 3.6% Dec 2008, Sep 2010, Jay Gee Enterprises (Pte) Ltd Oct 2010, Dec 2010 2.9% Ossia
Slide 8: Trade Mix – Raffles City Tower
Trade Mix – Raffles City Tower Tenant Business Sector Analysis by Gross Rental Income as at 31 Mar 2008 Government and Government Linked Office 25.3% Banking, Insurance & Financial Services 28.7% Telecoms 0.3% Others Business 23.1% Management/ Consultancy Services/ Business Activities Real Estate &
Slide 9: Trade Mix – RC Shopping Centre
Trade Mix – RC Shopping Centre Tenant Business Sector Analysis by Gross Rental Income as at 31 Mar 2008 Fashion 43.1% Food & Beverage/ Food Court 21.8% Electronics 0.6% Home Furnishings 0.8% Department Store Leisure and 14.3% Entertainment/ Sports & Fitness Educational/ 2.1% Supermarkets Books/ Gift
Slide 10: Raffles City Enhancement Updates
Raffles CityEnhancement Asset Acquisition Updates 10
Slide 11: Completion of Phase 1 AEI – Level 1
Raffles City Singapore Completion of Phase 1 AEI – Level 1 11
Slide 12: Completion of Phase 1 AEI – Basement
Raffles City Singapore Completion of Phase 1 AEI – Basement 1 12
Slide 13: Completion of Phase 1 AEI – Basement
Raffles City Singapore Completion of Phase 1 AEI – Basement 1 13
Slide 14: Value Creation of Phase 1 AEI
Raffles City Singapore Value Creation of Phase 1 AEI Capital Expenditure Start Date Completion Date S$75.4 million 2nd Quarter 2007 4th Quarter 2007 Old New Incremental Gross Revenue S$10.1 million S$10.1 million (net of rental loss from car park income) Incremental Net Property Income S$7.6 million
Slide 15: Phase 2 AEI – Outdoor Dining
Raffles City Singapore Phase 2 AEI – Outdoor Dining Additional 3,574 sq ft of NLA to be created New F&B and Outdoor Restaurant Area (ORA) Menotti 01-17 170.00 Cortefiel fronting Bras Basah Road 01-20/21 521.00 (2,982 sq ft) Springfield British India 01-19 01-16 233.00 Pedro del Timberland Love Hierr
Slide 16: Phase 2 AEI – Outdoor Dining
Raffles City Singapore Phase 2 AEI – Outdoor Dining Artist’s impression of new restaurant fronting Bras Basah Road 16
Slide 17: Value Creation of Phase 2 AEI
Raffles City Singapore Value Creation of Phase 2 AEI Capital Expenditure Start Date Completion Date S$7.54 million 2nd Quarter 2008 4th Quarter 2008 Incremental Gross Revenue S$0.97 million Incremental Net Property Income S$0.75 million Capital Expenditure S$7.54 million Return on Investment 10.0% C
Slide 18: Contact Information
Contact Information For enquiries, please contact: TONG Ka-Pin (Ms) Investor Relations & Corporate Communications Tel : (65) 6536 1188 Fax : (65) 6536 3884 Email: tong.ka-pin@capitaland.com http://www.capitamall.com 18 18
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