CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — CapitaMall Trust — Q2 2005 Earnings Presentation
13 slides from CapitaLand Integrated Commercial Trust's earnings presentation, July 2005
Slide 1: Portfolio Update
Cap/taMall P Trust Portfolio Update
Slide 2: Summary of Renewals / New Leases
Summary of Renewals / New Leases Rental Improvements through Better Asset Planning & Active Leasing Strategy From 1 January to 30 June 2005 (Excluding Newly Created Units) No. of Increase/(Decrease) in Net Lettable Area Current Rental Rates VS. Renewals/ Property New % Total Forecast Preceding Lease
Slide 3: Gross Turnover Rent & Step-Up Leases
Gross Turnover Rent & Step-Up Leases % of Total Portfolio1 of Tenants No. of Tenants in Portfolio1 100% 800 2 720 2 696 700 2 2 80% 75.5% 73.0% 600 500 60% 423 393 400 40.6% 40% 37.8% 300 200 20% 100 0% 0 Tenants with Step- Tenants Paying Tenats with Step-Up Tenants Paying GTO Up Rental GTO Rent Ren
Slide 4: Portfolio Lease Expiry Profile By Year
Portfolio Lease Expiry Profile By Year As at 30 Jun 2005 Net Lettable Area Gross Rental Income No. of % of % of Leases Sq. ft. S$’000 total1 total2 Jul-Dec 2005 229 366,372 15.4% 2,409 13.5% 2006 637 837,872 35.2% 7,203 40.4% 2007 322 519,713 21.8% 4,569 25.6% 2008 134 316,114 13.3% 2,824 15.8% Weig
Slide 5: Portfolio Lease Expiry Profile for 2005 By Property
Portfolio Lease Expiry Profile for 2005 By Property For the period Jul – Dec 2005 As at 30 Jun 2005 Net Lettable Area Gross Rental Income No. of % of % of Leases Sq. ft. S$’000 total1 total2 Tampines Mall 16 45,618 14.2% 399 10.6% Junction 8 17 31,341 12.8% 276 9.4% Funan 14 81,676 29.6% 378 22.1% D
Slide 6: High Committed Occupancy Rates at All Malls
High Committed Occupancy Rates at All Malls Occupancy Rates1 Close to 100% as at 30 Jun 2005 As at As at As at As at As at As at 31 Mar 04 30 Jun 04 30 Sep 04 31 Dec 04 31 Mar 05 30 Jun 05 Tampines Mall 100.0% 99.9% 99.9% 100.0% 100.0% 100.0% Junction 8 100.0% 97.6% 99.8% 99.8% 100.0% 100.0% Funan 2
Slide 7: Breakdown of DPU Growth Since IPO (Jul 2002)
Breakdown of DPU Growth Since IPO (Jul 2002) Acquisition and Asset Enhancement form Core Components of Growth 10.07 ¢2 Asset CRS Investment Asset Enhancements / Enhancement/ 4% Reconfigurations Reconfiguration / 24% 4 Others 24% Acquisitions 40% 3 Upfront Payment of IM M Land Premium 10% Active Leas
Slide 8: Top 10 Tenants
Top 10 Tenants 1. Ten Largest Tenants by Total Gross Rental Contribute 22.2% of Total Gross Rental 2. No One Tenant Contribute more than 4.2% of Total Gross Rental % of Gross % of Net Trade Expiry Area Tenant Rental Lettable Sector Date 1 (sq ft) Income Area 2005: Jun, Jul, Dec Supermarket / Cold St
Slide 9: Well Diversified Trade Mix Across Portfolio
Well Diversified Trade Mix Across Portfolio By Net Lettable Area By Gross Rental Income 3.1 3.5 4.0 % % % 5. 17 6% 6. 22 .5 8% .6 % 9. % 0% 8. 5% 10 15 .6 9. .5 % 0% % 20 .5 12 9. % .0 3% 13 % .5 16 12 % .3 .7 % % Food & Beverage/Food Court Supermarket Educational/Services As at 30 Jun 2005 Electron
Slide 10: CMT Performance
Cap/taMall P Trust CMT Performance
Slide 11: CMT Unit Price Performance since IPO
CMT Unit Price Performance since IPO Unit appreciated close to 162% since IPO DPU growth contributes significantly to unit price appreciation, balance S$ due to 'yield compression’ Announcement of Acquisitions of 92.4% 2.45 Announcement of Plaza (Strata Area) of Hougang Plaza & Singapura Acquisi
Slide 12: CMT Performance since IPO (Jul 2002) to Jul 2005
CMT Performance since IPO (Jul 2002) to 21 Jul 2005 9 162% Unit Price Appreciation 9 164% Growth in Asset Size 9 188% Total Return 9 327% Growth In Market Cap 9 49% Growth in Annualised DPU (2Q 2005 actual vs IPO 2002 forecast) 9 Outperformed STI & Property Stocks % change in unit price/index value
Slide 13: CMT Performance from Jan to Jul 2005
CMT Performance from 1 Jan to 21 Jul 2005 9 43% Unit Price Appreciation 9 43% Growth In Market Cap 9 45% Total Return 9 Outperformed STI & Property Stocks % change in unit price/index value 45 31 Dec 04 to 20 Jul 05 40 CMT CMT + 42.6% STI + 11.8% 35 SESPROP + 23.5% 30 25 20 15 10 SESPROP 5 STI 0 Dec