Ec World Reit · SGX:BWCU
Ec World Reit — EC World Real Estate Investment Trust — Q1 2025 Earnings Presentation
15 slides from Ec World Reit's earnings presentation, May 14, 2025
Slide 1: 1QFY2025 Results Presentation
1QFY2025 Results Presentation 14 May 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. 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 assumpti
Slide 3: Agenda
Agenda Section A 1QFY2025 Key Highlights Section B Financial Review Section C Portfolio Update 2
Slide 4: Section A: 1QFY2025 Key Highlights
Section A: 1QFY2025 Key Highlights 5/14/2025 3
Slide 5: 1QFY2025 Key Highlights
1QFY2025 Key Highlights ▪ 1QFY2025 gross revenue and NPI were down by 49.9% and 53.7% y-o-y respectively, mainly due to the termination of MLAs upon lease expiry for CXI, BG, FHCC and FZDS, lower contribution from underlying leases, offset Financials and by income contribution from new third-party l
Slide 6: No Distribution Expected in FY2025
No Distribution Expected in FY2025 ▪ Distribution for 1H2023 was initially scheduled for 28 September 2023 but has been deferred to a future date when there is sufficient free cash. ▪ There was no distribution for 2H2023 due to insufficient fund ▪ There was no distribution for 1H2024 due to insuffic
Slide 7: Section B: Financial Review
Section B: Financial Review 5/14/2025 6
Slide 8: 1QFY2025 (Year-on-Year) Summary Results
1QFY2025 (Year-on-Year) Summary Results Year-on-Year • Gross revenue and NPI declined 49.9% 1QFY2025 1QFY2024 Variance (%) Comparison and 53.7% y-o-y respectively Gross revenue (S$’000) 12,679 25,296 (49.9) • In RMB terms, after relevant distribution Net property income 10,783 23,311 (53.7) adjustme
Slide 9: 1QFY2025 (Quarter-on-Quarter) Summary Results
1QFY2025 (Quarter-on-Quarter) Summary Results Quarter-on-Quarter • Gross revenue and NPI decreased 1QFY2025 4QFY2024 Variance (%) Comparison 20.2% and 3.7% q-o-q respectively Gross revenue (S$’000) 12,679 15,894 (20.2) • In RMB terms, after relevant distribution Net property income adjustments, gros
Slide 10: Balance Sheet
Balance Sheet As at As at S$’000 31 March 2025 31 December 2024 Cash and cash equivalents 4,181 4,513 Investment Properties(2) 706,833 713,726 Total Assets 876,694 887,079 Borrowings 477,923 480,382 Total Liabilities 850,173 855,016 Net Assets attributable to Unitholders 26,521 32,063 NAV per unit (
Slide 11: Capital Management
Capital Management Key Metrics as at 31 March 2025 Aggregate Leverage • 56.8%(1) (31 December 2024: 56.5%) • Aggregate – 8.8% p.a. 1QFY2025 Blended Running Interest Rate(2)(3) • Onshore – 5.9% p.a. • Offshore – 9.9% p.a. Weighted Average Debt Maturity(4) • 0.42 years Interest coverage ratio(5) • 1.3
Slide 12: Section C: Portfolio Update
Section C: Portfolio Update 5/14/2025 11
Slide 13: Existing Portfolio
Existing Portfolio Average Committed Occupancy of 86.6% E-Commerce Logistics Assets Asset Lease Structure Committed Occupancy Key Highlight Fu Heng Coveted property; supporting e- Multi Tenanted 71.3% Warehouse commerce fulfilment Fuzhou E- Situated next to Fu Heng. An integrated Multi Tenanted 74.5
Slide 14: Quality and Differentiated Asset Portfolio
Quality and Differentiated Asset Portfolio Average committed occupancy of 86.6% as at 31 March 2025 Lease Expiry Profile of Portfolio Portfolio Diversification By Net Lettable Area WALE by NLA: 1.6 years WALE by Gross Rental Income: 1.3 years 73.8% 25.7% 23.4% 65.6% Total: 927,157 sq m 22.4% 15.8%
Slide 15: Thank You
For queries, please contact: Yu Wensu Manager, Investor Relations Tel: +65 6221 9018 wensu@ecwreit.com www.ecwreit.com Thank You 5/14/2025 14
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