CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Investor Presentation (October 2022)
31 slides from CapitaLand Integrated Commercial Trust's investor presentation, Oct 31, 2022
Slide 1: Investor Presentation
CapitaLand Integrated Commercial Trust Investor Presentation 31 October 2022
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: Table of Content
Table of Content 04 13 About Creating CICT Value 9 22 Portfolio Capital Overview Management 25 ESG Focus Funan, Singapore C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 3
Slide 4: About CICT
About CICT 66 Goulburn Street, Sydney, Australia
Slide 5: CICT - The Proxy For Singapore's Commercial Real Estate Market
CICT - The Proxy For Singapore’s Commercial Real Estate Market Market Total Net Portfolio Property Capitalisation Lettable Area Value S$12.5 billion (1) 11.9 million sq ft (2) S$24.2 billion (3) Predominantly Singapore-focused with Diversified across three asset classes; no more than 20% of portfoli
Slide 6: CICT's Investment Merits
CICT’s Investment Merits We Committed to generate stable Are distributions and Able to tap on opportunities in sustainable returns Singapore and other to unitholders developed markets to drive performance and growth Underpinned by a well- diversified quality portfolio in strategic locations that off
Slide 7: Leveraging Our Resources to Drive Sustainable Value
Leveraging Our Resources to Drive Sustainable Value Our Resources How we create value Our value drivers Value Created • Organic growth • AEIs and redevelopments • Acquisitions Sustainable returns • Portfolio reconstitution Financial • Cost and capital management • Upkeep high standards of corporate
Slide 8: Sustainability Approach
Sustainability Approach Strategic Sustainability Management Structure CLI CICTML Board of Directors The Sustainability Council comprises selected CEO and Executive Director of the CLI Board’s independent directors and Sustainability Committee Chairman: CEO Manager of CICT is accountable for members
Slide 9: Portfolio Overview
Portfolio Overview CapitaSpring, Singapore
Slide 10: Portfolio Property Value by Geography and Asset Type
Portfolio Property Value(1) by Geography and Asset Type Australia, Germany, 4% Germany 4% 2 Singapore Office, Retail, 29% 21 41% S$24.2 billion(1) Australia Integrated Development, 3 30% Singapore, 92% Note: (1) Based on valuation of CICT portfolio, including proportionate interests of joint venture
Slide 11: Properties in Singapore
Properties in Singapore Retail 1 Bedok Mall Junction 8 6 2 Bugis+ 7 Lot One Shoppers’ Mall 3 Bugis Junction 8 Tampines Mall 4 CQ @ Clarke Quay 9 Westgate 5 IMM Building 10 Bukit Panjang Plaza Office Integrated Developments 1 Asia Square Tower 2 1 CapitaSpring 2 CapitaGreen 2 Funan 3 Capital Tower 3
Slide 12: Properties Overseas
Properties Overseas 3 1 1 Australia Germany Portfolio Occupancy Portfolio Occupancy as at 30 September 2022 as at 30 September 2022 2 Office 2 Office 81.2%(2) 95.0%(1) Office (Australia) Office (Germany) 1 100 Arthur Street 2 66 Goulburn Street 1 Gallileo, Frankfurt (94.9% Interest) 3 101-103 Miller
Slide 13: Creating Value
Creating Value 100 Arthur Street, North Sydney, Australia
Slide 14: CICT's Value Creation Strategy
CICT’s Value Creation Strategy To deliver stable distributions and sustainable returns to unitholders Asset and Portfolio Asset Enhancement Portfolio Management and Redevelopment Reconstitution Acquisition • Optimise rental rate and • Achieve the highest and best • Undertake appropriate • Invest thr
Slide 15: Redevelopment of Funan
Redevelopment of Funan Dec 2015: July 2016: Sep 2016: Sep 2018: June 2019: Announced the Commenced Conducted Announced Reopened as redevelopment redevelopment ground- structural Funan of Funan breaking completion DigitaLife Mall ceremony Funan DigitaLife Mall Funan Occupancy Value Created Green Reco
Slide 16: Creating a Community for Work, Live and Play at Funan
Creating a Community for Work, Live and Play at Funan Anchored by the six passion themes – Tech, Craft, Play, Fit, Chich and Taste – Funan appeals to savvy consumers pursuing quality life in a socially-conscious and creative environment First commercial development in Singapore with a cycling path c
Slide 17: CapitaSpring, jointly developed by CICT, CapitaLand and Mitsubishi Estate Co
CapitaSpring, jointly developed by CICT, CapitaLand and Mitsubishi Estate Co Jul 2017: Feb 2018: Jan 2021: Jun & Aug 2021: Nov 2021: Announced the Conducted Achieved Achieved phased Achieved redevelopment ground- topping-out TOP for the office final TOP for of Golden breaking milestone component the
Slide 18: Building a Community for Work, Live and Play at CapitaSpring
Building a Community for Work, Live and Play at CapitaSpring Harmonising architecture, technology and nature at work with core and flex office solutions 18-metre media wall with interactive digital art Seamless access with facial recognition, turnstiles Secure bike parking with end-of-trip facilitie
Slide 19: Delivering on Value Creation Strategy Through Portfolio Reconstitution
Delivering on CICT’s Value Creation Strategy Through Portfolio Reconstitution Disciplined execution of ongoing portfolio reconstitution journey with capital recycling into higher yielding or growth assets CapitaSky NPI yield: 4.0%(2) 101-103 Miller Street JCube exit yield: <4% One George Street and
Slide 20: Raffles City Singapore: Asset Enhancement to Rejuvenate Offerings
Raffles City Singapore: Asset Enhancement to Rejuvenate Offerings and Enhance Retail Experience Exciting opportunity to sharpen the retail tenancy mix and provide a well-curated mix of the finest homegrown and premium international brands through: • Reconfiguration 111,000 sq ft of space on Levels 1
Slide 21: CQ @ Clarke Quay to be Transformed into a Day-and-Night Destination
CQ @ Clarke Quay to be Transformed into a Day-and-Night Destination with Upcoming AEI ► Extending CQ @ Clarke Quay's appeal from a nightlife attraction to a day-and- night destination ► AEI at a total sum of S$62.0 million includes: ▪ The warehouses’ godown typology and façade will be restored to ho
Slide 22: Capital Management
Capital Management Funan, Singapore
Slide 23: Well-diversified Funding Sources with Long Maturity Profile
Well-diversified Funding Sources with Long Maturity Profile Debt Maturity Profile(1) Exclude share of joint ventures’ borrowings S$ million 17% 1,800 1,698 Funding sources as at 30 Sep 2022 14% 1,600 14% 12% 13% 1,468 MTN 51% 1,400 1,382 12% 1,263 1,293 299 900 10% 1,205 Unsecured Bank 1,200 41% 418
Slide 24: Prudent and Proactive Capital Management
Prudent and Proactive Capital Management As at As at 30 September 2022 30 June 2022 Aggregate Leverage(1) 41.2% 40.6% Total Borrowings (S$ billion) 9.9 9.7 % of Borrowings on Fixed Interest Rate 80% 81% % of Total Assets that are Unencumbered 93.1% 93.0% Interest Coverage(2) 3.9x 4.1x Average Term t
Slide 25: ESG Focus
ESG Focus Clarke Quay, Singapore
Slide 26: ESG Highlights: Building Portfolio Resilience and Resource Efficiency
ESG Highlights: Building Portfolio Resilience and Resource Efficiency Aligned with CapitaLand's commitment to net zero by 2050 and elevating carbon emissions reduction target to 1.5°C scenario(1) 2021 Intensity Reduction Majority of Portfolio Have Green Ratings(2) Compared to base year 2008 Carbon E
Slide 27: ESG Highlights: Anchored by Strong Governance to Drive Sustainable Performance
ESG Highlights: Anchored by Strong Governance(1) to Drive Sustainable Performance Board Diversity Board Composition, Independence & New Committee Board Independence Board Gender Diversity 9 Board Members 66.7% Chairman of the Board is an Independent Director 33.3% 55.6% 44.4% None of the 9 Directors
Slide 28: ESG Highlights: Enabling Thriving and Future-adaptive Communities
ESG Highlights: Enabling Thriving and Future-adaptive Communities Committed to create an inclusive, safe and positive environment for our stakeholders Tenants and Employees Shoppers Community Suppliers Gender Diversity Profile: Engaging shoppers, tenants and Community Programmes Term contractors min
Slide 29: ESG Highlights: Engaging Stakeholders
ESG Highlights: Engaging Stakeholders Let’s Get Down to Earth Our sustainability festival is held across participating CapitaLand malls and workspace properties in Singapore for the first time. Glow Green at Plaza Singapura Advocating our community of shoppers, as well as retail and office tenants,
Slide 30: Total Return and Trading Performance
Total Return and Trading Performance Price ($) From 31 Dec 2016 to 30 Sep 2022 2.80 Total Return(1) 2.60 2.40 2.20 2.00 36.7% 4.0% -0.7% 19.0% 1.92 1.80 1.60 5-Year 3-Year 1-Year Since Merger 1.40 1 Jan 2017 to 1 Jan 2019 to 1 Jan 2021 to 3 Nov 2020 31 Dec 2021 31 Dec 2021 31 Dec 2021 to YTD 30 Sep
Slide 31: The End
The End For enquiries, please contact: Ms Ho Mei Peng, Head, Investor Relations Direct: (65) 6713 3668 | Email: ho.meipeng@capitaland.com CapitaLand Integrated Commercial Trust Management Limited (http://www.cict.com.sg) 168 Robinson Road, #25-00 Capital Tower, Singapore 068912 Tel: (65) 6713 2888 |
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