Capitaland Ascendas Reit · SGX:A17U
Capitaland Ascendas Reit — A-REIT (Ascendas Real Estate Investment Trust) — Merger or Acquisition (February 2012)
10 slides from Capitaland Ascendas Reit's merger presentation, Feb 6, 2012
Slide 1: A-REIT acquires Cintech I to IV for S$183.0 million
Cintech I Cintech III Cintech II Cintech IV Cintech IV A-REIT acquires Cintech I to IV for S$183.0 million 06 February 2012
Slide 2: Content
Content • The Acquisitions – 73 Science Park Drive, Cintech I – 75 Science Park Drive, Cintech II – 77 & 79 Science Park Drive, Cintech III and Cintech IV • Impact on A-REIT – Pro forma Financial Impact – Portfolio Diversification • Benefits to Unitholders Managed by Ascendas Funds Management (S) Li
Slide 3: The Acquisitions
The Acquisitions Address 73 Science Park 75 Science Park 77 Science Park 79 Science Park Drive Drive Drive Drive Name of Cintech I Cintech II Cintech III Cintech IV Building Site Area (sqm) 12,634 12,281.9 18,050.4(1) Gross Floor 15,192 13,207 13,702 12,110 Area (sqm) 11,484 (include 9,351 (include
Slide 4: Cintech I & Cintech II
Cintech I & Cintech II Cintech I Cintech II Description Completed in 1988, Cintech I is a four- Completed in 1990, Cintech II storey building with two basement is a two-storey building with two levels housing a canteen and a basement levels for parking. basement carpark. It is adjacent to Cintech II
Slide 5: Cintech III & Cintech IV
Cintech III & Cintech IV Cintech III Cintech IV Description Cintech III and Cintech IV are situated on the same plot of land. Cintech III is a four-storey building with a basement carpark and Cintech IV is a six-storey building with a basement carpark. Cintech III was completed in 1994 and Cintech I
Slide 6: Financial Impact
Financial Impact The Acquisitions Financial Impact DPU Impact (proforma annualised impact) 0.16 cents* Net Property Income Yield 7.3% * Assuming A-REIT had purchased, held and operated the Properties for the whole of the financial year ended 31 March 2011 (based on 93 properties); S$91.5 million of
Slide 7: Asset Class by Property Value
Asset Class by Property Value Before Asset Class Acquisitions (1) by Value Diversification After Acquisitions(2) Asset Class Diversification by Value Warehouse Warehouse Retail Facilities Retail Facilities 2% 2% Science Park 12% Science Park Logistics & Distribution 15% Logistics & Distribution Cent
Slide 8: Lease Tenure Mix by Property Value
Lease Tenure Mix by Property Value Mix ale & Leaseback vs Multi Tenanted of Sale &byLeaseback Buildings Value vs Multi Tenanted Buildings Before Acquisitions (1) After Acquisitions (2) Single-tenanted Single-tenanted Buildings Buildings 40% 39% Multi-tenanted Multi-tenanted Buildings Buildings 60% 6
Slide 9: Benefits to Unitholders
Benefits to Unitholders • Quality buildings at attractive location in Singapore • Further strengthen A-REIT’s market position in the Science Parks segment • Opportunity for greater efficiency and economies of scale in operations • Yield accretive – positive DPU impact of 0.16 cents per unit* * Assum
Slide 10: Disclaimers
Disclaimers This material shall be read in conjunction with the announcement on the proposed acquisition of 73 Science Park Drive, Cintech I, 75 Science Park Drive, Cintech II, 77 & 79 Science Park Drive, Cintech III and Cintech IV for S$183.0 million released to the SGX-ST on 06 February 2012 This
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