Slide 1: FY 2021 Results Presentation
FY 2021 Results Presentation 25 February 2022 Artist’s Impression CanningHill Piers I Singapore
Slide 2: Agenda
Agenda ➢ Overview ➢ Operations Review & Strategic Initiatives – Singapore Operations – International Operations ➢ Financial Highlights – Hospitality Artist’s Impression CanningHill Piers I Singapore
Slide 3: Overview
Overview >>>
Slide 4: Key Financial Highlights
Key Financial Highlights Revenue EBITDA PBT PATMI FY 2021 $2.6B $706.9MM $227.7MM $97.7MM FY 2020 $2.1B ($1.4B) ($1.8B) ($1.9B) $367MM ($14MM) ($140MM) (exclude Sincere) (exclude Sincere) (exclude Sincere) For FY 2021, the property development segment contributed 48% to total revenue, propelled by s
Slide 5: Key Financial Highlights
Key Financial Highlights NAV per share RNAV per share FY 2021 $9.28 $15.70 If FV gains on $18.61 investment properties If revaluation surpluses of 1.1% YoY 10.1% YoY had been factored in the hotel portfolio had and the Group’s hotels been included (based on continue to be stated FY 2020 FY 2020: at
Slide 6: Key Financial Highlights – RNAV
Key Financial Highlights – RNAV Increase in RNAV due to Higher Valuations for Investment Properties and Hotels $16.6B 7% $17.8B Valuation as at 31 Dec 2020 Valuation as at 31 Dec 2021 Valuation Valuation Variance RNAV/share as at 31 Dec 2020 as at 31 Dec 2021 $MM $MM $MM % $ Investment Properties
Slide 7: Key Operational Highlights – FY 2021
Key Operational Highlights – FY 2021 ▪ SINGAPORE: Sold 2,185 units with record annual total sales value of $4.3B* ‒ 696-unit CanningHill Piers was the best-selling project launch in the Central Area in 2021 ▪ Strategic expansion of Singapore residential land bank with 3 GLS site acquisitions ‒ Picca
Slide 8: Portfolio Composition by Segment – FY 2021
Portfolio Composition by Segment – FY 2021 EBITDA * FY 2021 Total Assets $706.9MM $23.9B $322.4MM Property Development $9.8B $111.1MM Hotel Operations $6.1B $200.2MM Investment Properties $6.6B $73.2MM Others $1.4B * Earnings before interest, tax, depreciation and amortization 8
Slide 9: Global Portfolio Overview
Global Portfolio Overview The Group's diversified portfolio enables it to weather cyclical typhoons from time to time Others Others 6% 18% Hotel Total Assets: US Singapore 25% Assets by DP 41% 7% Assets by 45% Business $23.9B Geography Segment (Book Value) China 15% UK IP 15% 28% Others Others 4% 16
Slide 10: Strategic Initiatives
Strategic Initiatives >>>
Slide 11: GET Strategy
GET Strategy Accelerate Transformation of Asset Portfolio and Business Operations for Growth Growth Growth ➢ Build development pipeline & recurring Enhancement income streams Transformation Artist’s Impression Artist’s Impression Enhancement Transformation ➢ Enhance asset portfolio ➢ Transform busin
Slide 12: GET Strategy Execution
GET Strategy Execution • 3 project launches: Irwell Hill Residences and CanningHill Piers in Singapore, Fitzroy Fitzroy in Australia • Active land replenishment: ‒ 5 sites in Singapore: Northumberland Road, Tengah Garden Walk EC, Upper Bukit Timah Road, Growth • Central Square and Jalan Tembusu ‒ 1
Slide 13: Growth
Growth ➢ Build development pipeline & recurring income streams
Slide 14: Completed Strategic Acquisitions & Investments – FY 2021
GROWTH Completed Strategic Acquisitions & Investments – FY 2021 United Kingdom Octagon, Birmingham China (370 units) 65% effective stake in Shenzhen Longgang Tusincere Tech Park Artist’s Impression Artist’s Impression Artist’s Impression RMB 1.1B ($228MM)@ £6.5MM ($11.9MM) Singapore Australia Piccad
Slide 15: Committed Strategic Acquisitions & Investments
GROWTH Committed Strategic Acquisitions & Investments Pending Completion in FY 2022 Japan Singapore Tobe Residence Upper Bukit Timah Road Jalan Tembusu# (117 residential + 1 retail units) (Est 408 units) (Est 640 units) Source: Google Earth Est. completion in Mar 2022 Est. completion in Apr 2022 $12
Slide 16: Singapore Residential Launch Pipeline
GROWTH Singapore Residential Launch Pipeline Diversified pipeline ranging from Mass Market to High-end projects Upcoming Launches Tengah Garden Walk EC^# (Est 639 units) Piccadilly Grand & Galleria^ 1H 2022 Tengah Garden Walk EC^# 2H 2022 Launch Pipeline Residential component of 2H 2022 Fuji Xerox T
Slide 17: Living Sectors Complement CDL’s Expertise
GROWTH Living Sectors Complement CDL’s Expertise Hospitality Level of Service ➢ CDL’s core competence and skill sets allow us to maintain flexibility in calibrating our strategy for Private Rented living assets Sector (PRS) Senior Workers’ ➢ Our track record and inherent expertise in property Housin
Slide 18: Total PRS Portfolio
GROWTH Total PRS Portfolio Operational Pipeline S/N Project name Total No. of Units Occupancy S/N Project name Total No. of Units United States Japan 1 Tobe Residence 118 1 1250 Lakeside (Sunnyvale) 250 82% 2 LOC's Yokohama Bayside 89 Sub-total 250 Sub-total 207 Japan United Kingdom 1 Horie Lux 34 1
Slide 19: Overview of PRS Portfolio: A Growing Footprint in UK
GROWTH Overview of PRS Portfolio: A Growing Footprint in UK PRS assets comprising 1,035 units in Leeds and Birmingham with total TDC of £247.6MM ($450.2MM) Site acquired in Dec 2021 Site acquired in 2019 Octagon, Birmingham 370 residential units The Junction, Leeds 665 residential units Leeds Artist
Slide 20: Overview of PRS Portfolio: A Growing Footprint in Japan
GROWTH Overview of PRS Portfolio: A Growing Footprint in Japan PRS assets comprising 449 units in Osaka and Yokohama with total AUM of ¥12.7B ($165.1MM) Freehold residential properties acquired in 2019 / 2020 New acquisition, estimated completion in Apr 2022 Horie Lux B-Proud Tenmabashi Tobe Residen
Slide 21: Enhancement
Enhancement ➢ Enhance asset portfolio ➢ Drive operational efficiency Artist’s Impression 80 Anson Road I Singapore
Slide 22: Enhancing Asset & Operational Efficiency
ENHANCEMENT Enhancing Asset & Operational Efficiency Improve Asset Positioning and Relevance, Enhance Asset Portfolio and Drive Operational Efficiency and Returns Asset Rejuvenation and Redevelopment Reposition assets and replenish land bank through schemes such as the CBD Incentive Scheme and Strat
Slide 23: Asset Rejuvenation & Redevelopment to Unlock Value
ENHANCEMENT Asset Rejuvenation & Redevelopment to Unlock Value 80 Anson Road Proposed Redevelopment Under CBD Incentive Scheme*: Change of Use (former Fuji Xerox Towers) Commercial / Hotel Assets 46-storey freehold mixed-use Current & past projects include: integrated development comprising ➢ Boulev
Slide 24: Redevelopment of Central Mall & Central Square
ENHANCEMENT Redevelopment of Central Mall & Central Square Rejuvenation of Singapore River Precinct with Strategic Acquisition of Central Square Enlarged site to be redeveloped into an iconic mixed-use development Aerial view of Central Mall and Central Square Artist’s Impression 24
Slide 25: Enhancement of Existing Assets in Singapore
ENHANCEMENT Enhancement of Existing Assets in Singapore Asset Rejuvenation to Unlock Value and Strengthen Recurring Income Streams Tower Club – Ba Xian Dining Palais Renaissance Work scope: Work scope: Interior refresh Create a wider and more for Ba Xian’s inviting main entrance main dining, with al
Slide 26: Ongoing Asset Enhancement Initiative (AEI) – Jungceylon
ENHANCEMENT Ongoing Asset Enhancement Initiative (AEI) – Jungceylon ➢ Timely AEI to rejuvenate mall which opened in 2006 ➢ Increase NLA, enhance shoppers’ experience with new-to-market concepts & refreshed experiential trade mix Design Inspiration From Tropical Garden & Eco-Sanctuary The planned wor
Slide 27: M&C – Completed Hotel Asset Repositioning in 2021
ENHANCEMENT M&C – Completed Hotel Asset Repositioning in 2021 Opening of M Social New York (May 2021) Opening of M Social Paris Opera (Sep 2021) First M Social Property in US First M Social Property in Europe 480-room hotel located in the heart of Times Square 163-room hotel on Boulevard Haussmann M
Slide 28: M&C – Ongoing Hotel Asset Development
ENHANCEMENT M&C – Ongoing Hotel Asset Development 1250 Lakeside (Sunnyvale, California) M Social Brand Conversion 2022/2023 • NEW YORK DOW NTOWN • L O N D O N (First M Social in England) • P H U K E T (First M Social in Thailand) • S U Z H O U (First M Social in China) M Social M Social M Social New
Slide 29: ESG Achievements
ENHANCEMENT ESG Achievements Ranked on 13 Leading Global Sustainability Ratings and Rankings LATEST ESG MILESTONES Ranked #4 Singapore Governance and Rose to 5th from 40th Transparency Index 2021 Only Singapore - World’s top real estate company for Only company in Southeast One of 45 companies globa
Slide 30: Embedding Strategic ESG Initiatives
ENHANCEMENT Embedding Strategic ESG Initiatives Driving Business Transformation through Climate Ambitions Committed to Net Zero Carbon Operations ▪ Feb 2021 – Pledged to achieve net zero operational carbon by 2030 for CDL’s new and 13 existing wholly-owned assets under our direct management and oper
Slide 31: Strategic Focus on Green Financing Streams
ENHANCEMENT Strategic Focus on Green Financing Streams Enhancing Linkage between Capital Markets and Sustainability Performance Green Bonds & Loans Apr 2017: $100MM Apr 2019: $500MM Dec 2020: $470MM Apr 2021: $1.22B Aug 2021: $847MM >$3B 1st Green Bond issued by a Singapore company 1st Green Loan fo
Slide 32: Transformation
Transformation ➢Transform business via new platforms: Strategic Investments, Fund Management, Innovation & Venture Capital View from 125 Old Broad Street I London
Slide 33: Transforming Business Through Diversified Platforms
TRANSFORMATION Transforming Business Through Diversified Platforms Platform Initiatives Fund Management Strategic Investments Innovation & Venture Capital AUM Target: Privatisation to achieve synergies, cost US$5B by 2023 efficiencies and drive profitability CDL Home Sales CDL's in-house proprietary
Slide 34: Transforming Business Through Diversified Platforms
TRANSFORMATION Transforming Business Through Diversified Platforms Platform Initiatives Fund Management Strategic Investments Innovation & Venture Capital AUM Target: Privatisation to achieve synergies, cost US$5B by 2023 efficiencies and drive profitability CDL Home Sales CDL's in-house proprietary
Slide 35: Fund Management: Two-Pronged Strategy
TRANSFORMATION Fund Management: Two-Pronged Strategy Target AUM US$5B Organic Growth AUM by Merger & Acquisitions 2023 Listed • Build out platform for core real estate Core • Investors: Institutional investors, high net worth individuals and retail investors Non-Listed • Non-listed space will focus
Slide 36: IREIT Global
TRANSFORMATION IREIT Global 76% Growth in AUM IREIT AUM (€MM) Since investment in Apr 2019, AUM grew from €504.9MM ($813.0MM) to €889.7MM ($1.4B) € 1,000.0 Acquired a total of 21% stake in IREIT Global’s units € 900.0 € 889.7 and 50% stake in REIT Manager: € 833.5 € 800.0 • 12.5% in 2019 € 719.6 € 7
Slide 37: Transforming Business Through Diversified Platforms
TRANSFORMATION Transforming Business Through Diversified Platforms Platform Initiatives Fund Management Strategic Investments Innovation & Venture Capital AUM Target: Privatisation to achieve synergies, cost US$5B by 2023 efficiencies and drive profitability CDL Home Sales CDL's in-house proprietary
Slide 38: Strategic Review of Hospitality Portfolio
Strategic Review of Hospitality Portfolio Active Asset Portfolio Rebalancing Initiatives following M&C Privatisation in 2019 Capital Recycling Portfolio Restructuring Drive Operational Efficiency & Asset Repositioning Reap synergies and economies Streamline portfolio though opportunistic Enhance por
Slide 39: Active Capital Recycling Focus
TRANSFORMATION Active Capital Recycling Focus Significant Divestments of M&C-owned Assets ➢ Execution of strategic divestments to enhance efficiency and maximise shareholder value ➢ Unlock deep value of investment assets held at low book value Millennium Hilton Seoul and adjoining land site Signed S
Slide 40: Proposed Distribution in specie of Units in CDL Hospitality Trusts
Proposed Distribution in specie (DIS) of Units in CDL Hospitality Trusts (CDLHT) >>>
Slide 41: Background on CDLHT – Overview
Background on CDLHT – Overview Structure ➢ IPO on 19 Jul 2006 ➢ Listed on SGX Mainboard ➢ Sponsored by Millennium & Copthorne Hotels Limited (M&C) ➢ First hotel REIT in Asia ex Japan ➢ Constituent of FTSE EPRA Nareit Global Index Market Capitalisation $1.4B as of 24 Feb 2022 Note: For simplicity, th
Slide 42: Background on CDLHT – Asset Portfolio
Background on CDLHT – Asset Portfolio Global portfolio with 19 operational properties (with 4,820 rooms and a retail mall) and one build-to- rent project in the pipeline with 352 apartment units (1) Residential Build-to-Rent under development through a forward-funding scheme 42
Slide 43: Transaction Summary
Transaction Summary ▪ Distribution in specie (DIS) of CDL Hospitality Trusts (CDLHT) Units to CDL Shareholders Proposed Distribution ▪ Comprises distribution of 144,300,000 stapled CDLHT Units to CDL Shareholders on a pro rata basis ▪ Completion of the Restructuring Exercise Conditions ▪ Shareholder
Slide 44: Distribution Overview
Distribution Overview Proposed Distribution in specie (DIS) of 144,300,000 CDLHT Units to Eligible CDL Shareholders 1 as at Record Date Pre DIS Post DIS CDL CDL Shareholders Shareholders 100% 100% CDLHT CDLHT Public Unitholders Public Unitholders 38.72% 2 61.28% 2 27.00% 61.28% 2 11.72% Pre-DIS Rest
Slide 45: Transaction Rationale
Transaction Rationale Reward ▪ Reward shareholders for their unwavering support of the Group shareholders ▪ Via a flexible investment initiative that comes at no cost to shareholders Capitalise on ▪ Opportune time to unlock value for shareholders improving hospitality ▪ The hospitality industry is m
Slide 46: Pro Forma Financial Effects of Proposed DIS
Pro Forma Financial Effects* of Proposed DIS (for illustration only) ➢ CDL Shareholders will receive 0.159 CDLHT Unit (valued at $0.191) for each CDL Share held as at Record Date ➢ At no cost to Shareholders These pro forma financial effects are purely for illustrative purposes only and do not refle
Slide 47: Financial Highlights
Financial Highlights >>>
Slide 48: Financial Highlights
Financial Highlights Property Hotel Investment Others Development Operations Properties FY FY FY FY FY FY FY FY 2021 2020 2021 2020 2021 2020 2021 2020 Revenue $1,255MM $966MM Revenue $873MM $640MM Revenue $341MM $361MM Revenue $157MM $141MM PBT $245MM ($740MM) PBT ($71MM) ($573MM) PBT $24MM ($575MM
Slide 49: Financial Highlights: Revenue by Segment
Financial Highlights Revenue by Segment for Full Year (2019 – 2021) $3,429MM $2,108MM $2,626MM $ (MM) 2,000 1,800 1,705 1,600 1,400 1,255 1,200 1,137 966 1,000 873 800 640 600 438 361 341 400 200 149 141 157 0 FY 2019 FY 2020 FY 2021 Property Development Hotel Operations Investment Properties Others
Slide 50: Financial Highlights: EBITDA by Segment
Financial Highlights EBITDA by Segment for Full Year (2019 – 2021) $367MM $1,126MM ($1,410MM) $707MM $ (MM) Exclude Sincere 700 600 474 500 435 400 323 268 295 300 200 178 200 111 92 92 73 100 39 0 (100) (200) (300) (288) (400) (500) (395)^ (416)^ (600) (700) (691)^ (800) (900) FY 2019 FY 2020 FY 20
Slide 51: Financial Highlights: Profit Before Tax by Segment
Financial Highlights Profit Before Tax by Segment for Full Year (2019 – 2021) ($14MM) $754MM ($1,791MM) $228MM Exclude Sincere $ (MM) 500 378 400 333 300 245 220 200 136 97 97 100 50 24 30 0 (7) (100) (71) (200) (300) (400) (500) (467) (600) (573)^ (575)^ (700) (800) (740)^ FY 2019 FY 2020 FY 2020 F
Slide 52: Financial Highlights: Balance Sheet & Liquidity
Financial Highlights Strong Balance Sheet & Liquidity Position Sufficient Financing Balanced Gearing Liquidity Flexibility Debt Profile Net Gearing Total Cash Interest Cover % of Ratio 1 Fixed Rate Debt 99% $2.2B 3.0x 34% FY 2020: 93% FY 2020: $3.2B FY 2020: 3.4x FY 2020: 34% Net Gearing 2 Cash and
Slide 53: Net Gearing (Including the Fair Value of Investment Properties)
Net Gearing (Including the Fair Value of Investment Properties) Pro forma net gearing will ↓ from 61% to 49% (assuming the transactions took place on 31 December 2021) 12% pts 70% 61% 60% 55% 49% 50% 40% 30% 20% 10% 0% FY 2021 Sale of Millennium Hilton Seoul Gain on deconsolidation deconsolidation o
Slide 54: Prudent Capital Management
Financial Highlights Prudent Capital Management ➢ Balanced debt expiry profile ➢ Balanced debt currency mix – adopting a natural hedging strategy ➢ Average borrowing cost kept low Well-Spread Debt Maturity Profile Debt Currency Mix ($MM) 5,600 47% 5,200 195 Bond Bank Loan Others (2.1%) RMB (5.3%) 4,
Slide 55: Operations Review
>>) a perations view >: O} Ri
Slide 56: Singapore Operations: Property Development
Singapore Operations >>> Property Development
Slide 57: Singapore Property Market
Singapore Property Market Property Price Index – Residential (2014 – 2021) All Residential Price Increase 180 (10.6% YoY) Residential prices continue to increase for seven Q4 21: 173.6 consecutive quarters 160 140 120 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 58: Singapore Property Market
Singapore Property Market • Private residential market continues to show signs of recovery with URA Private Residential Property Price Index registering a 5.0% increase in Q4 2021 from the previous quarter. Cumulatively, prices have risen 10.6% in 2021. • Robust primary home sales in Q4 2021 with 3,
Slide 59: Singapore Property Development
Singapore Property Development Residential Units Sold Record annual FY 2020 FY 2021 property sales revenue Sales Value Units Sold 2,185 $4,268,452 2H 2H Majority of units sold were from new launches 131.2% yoy 65.8% yoy (Irwell Hill Residences and CanningHill Piers) FY 2021 Highlights 1,911,236 2H ➢
Slide 60: Singapore Property Development
Singapore Property Development Resilient / Strong Sales Performance for FY 2021 Amid Pandemic ➢ Sold 2,185 units with record total sales value of $4.3B for FY 2021^ Steady Sales for Launches from 2018 – 2021 Launch Project Location Tenure Total Units Total Units % Sold* Achieved Average Year Sold* S
Slide 61: Inventory of Launched Residential Projects
Singapore Property Development Inventory of Launched Residential Projects – As at 31 Dec 2021 Total Unsold CDL’s Share of Project Equity Stake Total Units Units Sold Inventory Unsold Inventory St. Regis Residences 33% 173 161 12 4.0 One Shenton 100% 341 329 12 12.0 Cliveden at Grange** 100% 110 44 6
Slide 62: Upcoming Launch in 1H 2022
Upcoming Launch in 1H 2022 Piccadilly Grand – Integrated City Fringe Living with Enhanced Connectivity Location Tenure Equity Stake Total Units Site Area (sq ft) Total Saleable Area (sq ft) Northumberland Road 99-year 50% 407 94,000 Est. 384,576 • Mixed-use development with 407 residential apartment
Slide 63: Singapore Operations: Asset Management
Singapore Operations >>> Asset Management
Slide 64: Singapore Commercial Market
Singapore Commercial Market Property Price Index – Commercial (2014 – 2021) 150 Price Decline (-5.8% YoY) Office Retail Slight decrease in office price as compared to 140 previous quarter Q4 21: 116.1 130 120 110 Q4 21: 104.3 100 Price Decline (-4.2% YoY) 90 Slight increase in retail price as compar
Slide 65: Singapore Commercial Market
Singapore Commercial Market Property Rental Index – Commercial (2014 – 2021) 250 Rental Increase (+1.9% YoY) Office Retail Prime office rents increased from the previous quarter 200 Q4 21: 158.4 150 Q4 21: 80.3 100 Rental Decline 50 (-6.8% YoY) Slight increase in retail rents from previous quarter 0
Slide 66: Singapore Commercial Portfolio
Singapore Commercial Portfolio Strong Committed Occupancy for Office and Retail Portfolio (As at 31 Dec 2021) * Office Retail 11 properties 8 properties 93.3% 93.8% Committed Occupancy Committed Occupancy 1.7MM sq ft 686,000 sq ft Net Lettable Area REPUBLIC PLAZA Net Lettable Area CITY SQUARE MALL L
Slide 67: Singapore Commercial Portfolio: Trade Mix
Singapore Commercial Portfolio Trade Mix of Office & Retail Space by % of Total Gross Rental Income (As at 31 Dec 2021)* Office Retail Supermarkets & Electrical, Electronics, IT & Sporting Goods, Value Store, 6.4% Telecommunications, 1.7% Telecommunications, Banking, 3.6% Media & Technology, Insuran
Slide 68: International Operations
International Operations >>>
Slide 69: International Operations – Australia
International Operations – Australia Focus on Developments across Eastern Seaboard of Australia New South Wales Queensland Artist’s Impression Artist’s Impression Waterbrook Bowral Brickworks Park (Residential) ➢ Waterbrook Bowral, a 135-unit ➢ Launched 215-unit development consisting of retirement
Slide 70: International Operations – China
International Operations – China Focus on Tier 1 and Tier 2 Cities Suzhou (苏州) Continued Sales Momentum: Chongqing(重庆) Relaunched in May 2018: Total sales of RMB 4.04B generated for 92% of 1,813 units to date*^ Sold 115 units to date* ➢ Phase 1 – 100% sold ➢ Sales value of RMB 746MM ➢ Phase 2 – 67%
Slide 71: International Operations – Japan
International Operations – Japan Focus on Growing our Japan PRS Footprint Two freehold residential properties in Yokohama^ (pipeline) Development Site: ➢ Prime 180,995 sq ft freehold site Freehold residential properties acquired in acquired in Oct 2014 2019 / 2020 in Osaka Tobe Residence LOC’s Yokoh
Slide 72: International Operations – UK Residential
International Operations – UK Residential Strengthening our Presence Artist’s Impression The Junction Artist’s Impression 31 & 33 Chesham Street 100 Sydney Street Octagon Construction in progress for a 665-unit Build-to-Rent Freehold developments consisting of 15 units# across 2 properties in (BTR)
Slide 73: UK – Recurring Income Projects
UK – Recurring Income Projects Strengthening our Presence in London NLA 209,840 NLA 328,806 Tenants 4 Tenants 25 Occupancy 86.8% Occupancy 94.6% WALE^ 5.78 years WALE^ 4.83 years Yield 4.7% Yield 4.9% CDL’s CDL’s £183MM £385MM Acquisition Acquisition Aldgate House 125 Old Broad Street Artist’s Impre
Slide 74: Hospitality
Hospitality >>>
Slide 75: Hotel Operations
Hotel Operations Trading Performance M Social’s First Outpost in Europe and United States FY 2021 FY 2020 Change $MM $MM % Revenue 873.1 640.4 36.3 Profit Before Tax (PBT) (71.0) (573.4) NM EBITDA 111.1 (201.5) NM M Social Hotel Paris Opera La Grande Sweetie Room Group RevPAR : ↑ 49.1% in FY 2021 (r
Slide 76: Hotel Operations (2H 2021 vs 2H 2020)
Hotel Operations (2H 2021 vs 2H 2020) Hotel Occupancy, Average Room Rate, and RevPAR by Region for CDL Group Room Occupancy Average Room Rate RevPAR GOP Margin % 2H 2021 2H 2020 Incr / (Decr) 2H 2021 2H 2020 * Incr / (Decr) 2H 2021 2H 2020 * Incr / (Decr) 2H 2021 2H 2020 Incr / (Decr) % % % pts S$ S
Slide 77: Hotel Operations (FY 2021 vs FY 2020)
Hotel Operations (FY 2021 vs FY 2020) Hotel Occupancy, Average Room Rate, and RevPAR by Region for CDL Group Room Occupancy Average Room Rate RevPAR GOP Margin % FY 2021 FY 2020 Incr / (Decr) FY 2021 FY 2020 * Incr / (Decr) FY 2021 FY 2020 * Incr / (Decr) FY 2021 FY 2020 Incr / (Decr) % % % pts S$ S
Slide 78: CDL Hospitality Trusts
CDL Hospitality Trusts Trading Performance FY 2021 FY 2020 Change $MM $MM % Hotel Brooklyn Gross Revenue 157.72 117.56 39.7 Net Property Income (NPI) 86.11 69.33 24.1 Accelerated vaccine distribution and gradual, if somewhat uneven relaxation of travel restrictions imposed by governments have led to
Slide 79: CDL Hospitality Trusts
CDL Hospitality Trusts YoY change in Country Remarks RevPAR (%) Occupancy supported by continued demand for dedicated isolation facilities, staycations and from long-stay Singapore1 1.0 foreign workers. Postponement/cancellation of MICE events continue to weigh on performance. Inbound arrivals began
Slide 80: CDL Hospitality Trusts: Expansion in the United Kingdom
CDL Hospitality Trusts Expansion in the United Kingdom The Castings, Manchester 352 units Hotel Brooklyn, Manchester* 189 rooms Manchester Aug 2021 Acquired Build-To-Rent (BTR) residential property for £73.3MM ($136MM) Feb 2022 Artist's impression Acquired a 4-star Hotel for £24.1MM ($43.8MM) 80
Slide 81: Disclaimer
Disclaimer: This document 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 assumptions
Slide 82: www.cdl.com.sg
Artist’s Impression CANNINGHILL PIERS I SINGAPORE www.cdl.com.sg
Slide 83: Appendix
Appendix
Slide 84: 2H 2021 Key Financial Highlights
Key Financial Highlights Revenue EBITDA PBT PATMI 2H 2021 $1.4B $434.8MM $218.0MM $129.7MM 2H 2020 $1.0B ($1.6B) ($1.8B) ($1.9B) $187MM ($18MM) ($134MM) (exclude Sincere) (exclude Sincere) (exclude Sincere) Increase in revenue largely due to higher revenue from hotel operations across all regions, p
Slide 85: Financial Highlights: Revenue by Segment for 2H
Financial Highlights Revenue by Segment for 2H (2019 – 2021) $1,832MM $1,035MM $1,434MM 1,000 920 900 800 700 $ (MM) 626 601 600 556 502 500 400 285 300 230 200 175 170 81 73 82 100 0 2H 2019 2H 2020 2H 2021 Property Development Hotel Operations Investment Properties Others 85
Slide 86: Financial Highlights: EBITDA by Segment for 2H
Financial Highlights EBITDA by Segment for 2H (2019 – 2021) $ (MM) $465MM ($1,600MM) $435MM 500 400 300 238 200 140 140 158 108 100 62 25 31 29 0 (100) (200) (300) (269)^ (400) (500) (600) (524)^ (700) (800) (900) (838)^ 2H 2019 2H 2020 2H 2021 Property Development Hotel Operations Investment Proper
Slide 87: Financial Highlights: Profit Before Tax by Segment for 2H
Financial Highlights Profit Before Tax by Segment for 2H (2019 – 2021) $264MM ($1,805MM) $218MM $ (MM) 400 300 198 200 126 75 72 100 27 16 15 5 0 (100) (36) (200) (300) (400) (365)^ (500) (600) (601)^ (700) (800) (900) (855)^ 2H 2019 2H 2020 2H 2021 Property Development Hotel Operations Investment P
Slide 88: Diversified Land Bank
Diversified Land Bank Land Area (as at 31 Dec 2021) – CDL’s Attributable Share Type of Development Land Area (sq ft) Singapore International Total % Residential 463,529 2,159,685 2,623,214 79 Commercial / Hotel 113,753 564,437 678,190 21 Total 577,282 2,724,122 3,301,404 100 Total Land Area1 – 3.3MM