CapitaLand China Trust · SGX:AU8U
CapitaLand China Trust — CapitaLand Retail China Trust — Shareholder Meeting (April 2019)
26 slides from CapitaLand China Trust's shareholder meeting presentation, Apr 11, 2019
Slide 1: CapitaLand Retail China Trust Annual General Meeting
CapitaLand Retail China Trust Singapore’s First Listed China Shopping Mall REIT Annual General Meeting 11 April 2019 0 Annual General Meeting *11 April 2019*
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: Contents
Contents 1. FY 2018 Year in Review 2. Financial & Capital Management 3. Portfolio Highlights & Enhancement CapitaMall Xinnan, Chengdu 4. Striving for Excellence 5. Forging Ahead CapitaMall Grand Canyon, Beijing 2 Annual General Meeting *11 April 2019*
Slide 4: FY 2018 Year in Review
FY 2018 Year in Review 3 Annual General Meeting *11 April 2019* CapitaMall Wangjing, Beijing
Slide 5: FY 2018: Delivering Resilient Financial Performance
FY 2018: Delivering Resilient Financial Performance From Active Portfolio Management Gross Revenue1 Net Property Income1 Distributable Income1 Distribution Per Unit2 (S$ million) (S$ million) (S$ million) (S cents) S$239.9 S$159.3 S$99.7 10.22 million million million cents 4.7% y-o-y 6.8% y-o-y 9.4%
Slide 6: Continuing Steady Growth
Continuing Steady Growth Total Assets Increased More Than Fourfold Since IPO 3.0 Total Assets 2.8 2.7 (S$ billion) 2.6 2.4 2.2 1.5 1.6 1.3 1.2 1.3 0.8 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Sustainable Returns From Growth In NPI and Distributable Income N
Slide 7: Financial & Capital Management
Financial & Capital Management 6 Rock Square, Guangzhou Annual General Meeting *11 April 2019*
Slide 8: Well-Distributed Debt Maturity Profile
Well-Distributed Debt Maturity Profile Early Completion of Term Loan Refinancing in 2019 35.4% 2.73% 3.47 years 100% 7.2x 5.3x Gearing Average Cost of Average Term To Unencumbered Net Debt / EBITA Interest Coverage Debt Maturity Properties Debt Maturity Profile (31 December 2018) 300 130.0 200 Trust
Slide 9: Prudent Financial Management
Prudent Financial Management MTN Diversify Sources of Funding 12% Fixed at competitive Maiden Issuance S$130 million of MTN in July 2018 due 2022 rate of 3.25% per Total Debt annum S$1,041.3 m Interest Rate Management Bank Loans 88% Based on 80% fixed rate borrowings: 80% % of Debt with Fixed Assumi
Slide 10: Portfolio Highlights & Enhancements
Portfolio Highlights & Enhancements 9 CapitaMall Grand Canyon, Beijing Annual General Meeting *11 April 2019*
Slide 11: Portfolio to Benefit from Rising Consumption
Portfolio to Benefit from Rising Consumption 11 Well-Located Malls with Strong Presence in Core City Clusters Core city clusters with scale A. Beijing and competitive edge 8 cities S$3.0 billion Geographically Total Assets1 H. Hohhot Diversified Portfolio CapitaMall CapitaMall CapitaMall CapitaMall
Slide 12: China's Macro Indicators Continue on Positive Trajectory
China’s Macro Indicators Continue on Positive Trajectory Significant Sector Strengths remain to be tapped RMB‘ trillion RMB‘000 (Total Retail Sales) (Per Capita Annual Urban Disposable Income) 39.3 CAGR: 9.5% 36.4 40 65 33.6 31.2 28.8 27.0 30 24.6 CAGR: 12.7% 45 21.8 19.1 36.6 38.1 15.8 17.2 33.2 20
Slide 13: Rock Square: Solid Growth Post-Acquisition
Rock Square: Solid Growth Post-Acquisition Attractive Trade Mix and Brand Upgrades to Appeal to Catchment Residents Rental Reversion and Average Rental Growth in FY 2018 Creating New Leasable Space Reconfigured and added >500sqm of NLA by converting unutilised space into new kiosks 29.3% 28.3% 24.3%
Slide 14: CapitaMall Xinnan: Innovative Value Enhancement
CapitaMall Xinnan: Innovative Value Enhancement Proactive Asset Management to Boost Offerings and Rental Income Expanding Leasable Area Improving NLA Efficiency Created new NLA of 201 sqm Reconfigured food court to through AEI to allocate more house two higher income- space for a well-performing pro
Slide 15: CapitaMall Wangjing: Successful Rejuvenation
CapitaMall Wangjing: Successful Rejuvenation L4 AEI and Expansion of Ucommune ✓ Injected diversified mix of lifestyle and specialty F&B tenants at L4 AEI zone, bringing in 19 new concept stores ✓ Interesting marcom events held in conjunction with Sisyphe Bookstore and YID Cooking Studio etc. to boos
Slide 16: Dynamic Chinese Retail Industry: Capturing Opportunities & Trends
Dynamic Chinese Retail Industry: Capturing Opportunities & Trends Providing Engaging Experiences that are Synergistic with Lifestyle of Today’s Consumers China Retail Growing demand for novel and Expect value, convenience and Quality-seeking consumers Trends experiential retail concepts uniqueness I
Slide 17: Engaging Shopping Experience
Engaging Shopping Experience Experiential Concepts Social Media Outreach Collaborative Promotional Activities with Popular Social Media Platforms New Concepts Combining Education and Entertainment such as Tik Tok and Momo Thematic Marcom Activities Digital Innovations CapitaStar Loyalty Programme 60
Slide 18: Shaping Portfolio Over the Years
Shaping Portfolio Over the Years IPO with Xizhimen, Minzhongleyuan, Grand Canyon, 7 seed Beijing Wuhan Beijing assets Laying foundation for growth 2006 2008 2011 2013 Divested Bundle Deal to Divest Rock Square, Divestment Xinnan, Anzhen in Saihan and Acquire Guangzhou Reconstituting and developing C
Slide 19: Portfolio Optimisation
Portfolio Optimisation Continuous Efforts to Rejuvenate and Strengthen Portfolio Swap Deal to Monetise Mature Mall and Redeploy Capital to New Quality Asset to Capture Growth Yuquan Mall • Acquired at RMB 808.3 million (RMB 8,079 psm GFA) • Larger asset with higher quality specifications • Strategic
Slide 20: Striving For Excellence
Striving For Excellence 19 CapitaMall Qibao, Shanghai Annual General Meeting *11 April 2019*
Slide 21: Commitment to the Community & Sustainability Efforts
Commitment to the Community & Sustainability Efforts Recycling Bin Decoration Competition Cycling Event rolled out across nine Earth Hour environmental protection awareness organised at CapitaMall Qibao CapitaMalls including three CRCT malls activities held at CapitaMall Xizhimen “Happy Farm” Event
Slide 22: Awards and Recognitions
Awards and Recognitions SIAS 19th Investors’ Choice Awards 2018 REITs and Business Trusts category • CRCT: Shareholder Communication Excellence Award (Winner) 2018 CCFA Golden Lily Award CapitaMall Wangjing • Best Asset Enhancement Award 7th Annual Chengdu Retail Awards CapitaMall Xinnan • Commercia
Slide 23: Launch of CRCT's New Corporate Website
Launch of CRCT’s New Corporate Website Refreshed Homepage ✓ Enhance unitholder engagement and communication ✓ Transform and enhance branding and corporate image of CRCT ✓ Improve ease of navigation and access to information ✓ Use of icons and illustrations to improve visuals Informative Portfolio Su
Slide 24: Forging Ahead
Forging Ahead 23 Annual General Meeting *11 April 2019* CapitaMall Xinnan, Chengdu
Slide 25: CRCT: Growth-Focused Strategy
CRCT: Growth-Focused Strategy Well-Positioned Proactive Portfolio Asset Management •Mall of choice: Best-in-class operating • Seeking new growth and stronger returns through performance innovative AEIs •Curate retail experience and mix by continuously • Embark on value-adding enhancements engaging b
Slide 26: Thank You
Thank You 25 Annual General Meeting *11 April 2019*
CapitaLand Retail China Trust — Shareholder Meeting (April 2019) on 6ix