Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q2 2013 Earnings Presentation

15 slides from Singapore Exchange's earnings presentation, Aug 1, 2013

  1. Slide 1: Lippo Malls Indonesia Retail Trust 2Q 2013 Results Presentation

    Strictly confidential Lippo Malls Indonesia Retail Trust 2Q 2013 Results Presentation (Updated) 01 Aug 2013

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statem

  3. Slide 3: Key Highlights of 2Q 2013 Results

    Key Highlights of 2Q 2013 Results  Gross Rental Income of S$ 40.1 million on 2Q 2013, up 30.2% versus 2Q 2012 2Q 2013  Net Property Income up 23.2% for 2Q 2013 Results  2Q 2013 DPU of 0.93 cents (up 17.7%), at an annualised yield of 7.4%1  ~ 68% of LMIRT’s S$1.772 billion asset portfolio remains

  4. Slide 4: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 4 4

  5. Slide 5: 2Q 2013 Financial Results – P&L

    2Q 2013 Financial Results – P&L 2Q 2013 2Q 2012 Variance (%) Remarks (S$'000) (S$'000) Mainly due to financial results of PS, PSX, Pejaten, BSM, Tamini, KJI which were acquired in 4Q 2012 Gross Rental Income 40,070 30,779 30.2% and the positive rental reversions within the existing malls Mainly due

  6. Slide 6: 2Q 2013 Financial Results – Balance Sheet

    2Q 2013 Financial Results – Balance Sheet 30-Jun-13 31-Dec-12 (S$ million) (S$ million) Non Current Assets1 1,768.7 1,756.5 Current Assets 181.4 174.1 Total Debt 472.5 472.5 Other Liabilities 231.9 227.2 Net Assets 1,245.7 1,230.9 Net Asset Value S$0.57 S$0.56 Total Units in Issue 2,197.3 2,191.8 Ge

  7. Slide 7: Distribution Details Apr 2013 – Jun 2013

    Distribution Details 01 Apr 2013 – 30 Jun 2013 Total DPU 0.93 cents - Tax-Exempt 0.71 cents - Capital 0.22 cents Books Closure Date 13 Aug 2013 Distribution Payment Date 29 Aug 2013 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income 5

  8. Slide 8: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 8

  9. Slide 9: Portfolio Overview

    Portfolio Overview LMIRT is well-positioned to leverage on the strong Indonesian macro outlook and buoyant retail sector  Portfolio valuation of S$ 1.77bn1  95.1% Occupancy vs 85.7% Industry Average  Total NLA of 719,695 sqm Portfolio Key Metrics Malls NLA (sqm) Valuation (S$m)2 Occupancy rate (%

  10. Slide 10: Diversified Trade Mix (by Rental Income)

    Diversified Trade Mix As at 30 June 2013 Trade Sector Breakdown by Rental Income 1.8% F & B / Food Court 1.9% 6.3% 2.2% Fashion 16.8% Department Store (Retail Spaces) 4.1% Department Store (Retail Malls) 4.2% Supermarket / Hypermarket Other 6.5% 15.1% Services Electronic / IT 7.5% Leisure & Entertai

  11. Slide 11: Diversified Trade Mix (by NLA)

    Diversified Trade Mix As at 30 June 2013 Trade Sector Breakdown by NLA 1.6% 2.7% Supermarket / Hypermarket 2.9% 3.0% Department Store (Retail Malls) 18.1% 4.1% Department Store (Retail Spaces) 4.2% F & B / Food Court Fashion 4.4% Leisure & Entertainment Services 7.7% 17.9% Electronic / IT Other Home

  12. Slide 12: Top Tenants By Gross Rental Income

    Top 10 Tenants By Gross Rental Income As at 30 June 2013, excludes retail space ACE HARDWARE 0.5% CENTRO 0.6% SINEMA 21 0.6% GIANT SUPER STORE 0.6% GRAMEDIA 0.7% FITNESS FIRST 0.8% SOLARIA 0.8% CARREFOUR 3.2% HYPERMART 3.8% MATAHARI DEPARTMENT STORE 7.6% 0% 1% 2% 3% 4% 5% 6% 7% 8%  Top 10 tenants c

  13. Slide 13: Lease Expiry Profile

    Lease Expiry Profile As at 30 June 2013 Weighted Average Lease Expiry as at 30 June 2013: 5.1 years 35% 33% 30% 25% 21% 20% 17% 15% 15% 10% 8% 6% 5% 0% 2013 2014 2015 2016 2017 >2018  LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter-term leases for non-a

  14. Slide 14: Debt Maturity Profile

    Debt Maturity Profile As at 30 June 2013 Weighted Average Maturity of Debt Facilities as at 30 June 2013: 2.3 years 250 200 150 100 2002 753 147.51 50 504 0 2013 2014 2015 2016 2017 Notes: 1 S$ 147.5 million loan facility to mature in June 2014. 2 S$ 200 million 4.88% fixed rate note (EMTN Program)

  15. Slide 15: Our Value Proposition

    Our Value Proposition  Net Property Income up 23.2% on 2Q 2013  2Q 2013 DPU of 0.93 cents with annualized DPU yield of 7.4%  14% discount to NAV (based on S$0.490 as at 28 June 2013)  Property diversification with no single property accounting for more than 11% of net property income  Portfolio

Lippo Malls Indonesia Retail Trust — Q2 2013 Earnings Presentation on 6ix