Bursa Malaysia Bhd. · MYX:BURSA
Bursa Malaysia Bhd — Quill Capita Trust — FY2011 Earnings Presentation
30 slides from Bursa Malaysia Bhd's earnings presentation, Jan 18, 2012
Slide 1: Financial Year 2011 Results
FINANCIAL YEAR 2011 RESULTS 18 January 2012
Slide 2: Contents
Contents • 2011 Achievement at a Glance • Financial Highlights – FY 2011 • Portfolio Update • KLCA & Cyberjaya Office Market Outlook & Penang Retail Market Outlook • Conclusion 2 Quill Capita Trust Presentation *January 2012*
Slide 3: Important Notice
Important Notice This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in QCT. The past performance of QCT is not necessarily indicative of the future performance of QCT. This presentation may contain forward-looking stat
Slide 4: Financial Results
Financial Results 4 Quill Capita Trust Presentation *January 2012*
Slide 5: 2011 Financial at a Glance
2011 Financial at a Glance 5 Quill Capita Trust Presentation *January 2012*
Slide 6: 2011 Achievements - YoY Gross Revenue increased by 1.40%
2011 Achievements - at a glance YoY Gross Revenue increased by 1.40% RM70.27 mil 1.40% RM69.30 mil Audited results FYE Unaudited results FYE 31/12/2010 31/12/2011 6 Quill Capita Trust Presentation *January 2012*
Slide 7: 2011 Achievements - YoY Net Property Income increased by 2.38%
2011 Achievements - at a glance YoY Net Property Income increased by 2.38% RM54.84 mil 2.38% RM53.57 mil Audited results FYE Unaudited results FYE 31/12/2010 31/12/2011 7 Quill Capita Trust Presentation *January 2012*
Slide 8: DPU - Actual 1H2011 and Proposed 2H2011
DPU - Actual 1H2011 and Proposed 2H2011 Actual DPU Proposed Final DPU 1H2011(a) 2H2011 Total DPU for 2011 (sen) (sen) (sen) DPU 4.00 4.30 8.30 (a) An interim DPU of 4.00 sen being income distribution for the period 1 January 2011 to 30 June 2011 was paid on 29 August 2011. Final DPU of 4.30 sen bein
Slide 9: QCT DPU Grew by 28.5% Since Listing
QCT DPU Grew by 28.5% Since Listing 8.30 8.03 7.51 7.68 6.46 2007 2008 2009 2010 2011 9 Quill Capita Trust Presentation *January 2012*
Slide 10: Financial Highlights – FY 2011
Financial Highlights – FY 2011 10 Quill Capita Trust Presentation *January 2012*
Slide 11: Summary of Profit & Loss
Summary of Profit & Loss (Unaudited) (Unaudited) Full Year ended (RM’000) 4Q 2011 31 December 2011 Total Gross Revenue 17,510 70,266 Total Operating Expenses (4,591) (15,422) Net Property Income 12,919 54,844 Interest Income 202 704 Surplus on revaluation of investment properties 5,159 5,159 Net Inv
Slide 12: FY 2011 DPU Up 3.36% Year-on-Year
FY 2011 DPU Up 3.36% Year-on-Year (Audited) (Unaudited) (RM’000) Variance FY 2010 FY 2011 Gross Revenue 69,299 70,266 +1.40 % NPI¹ 53,570 54,844 +2.38 % Total Income for Distribution² 32,574 34,321 *+5.36 % EPU³ 8.35 sen 8.80 sen *+5.39 % DPU 4 8.03 sen 8.30 sen +3.36 % 1 NPI refers to Net Property
Slide 13: Total Assets – RM853.821 million, NAV per unit – RM1.2947
Total Assets – RM853.821 million NAV per unit – RM1.2947 (Unaudited) (Unaudited) (Unaudited) (Unaudited) as at as at as at as at 31 March 11 30 Jun 11 30 Sept 11 31 Dec 11 (RM’000) (RM’000) (RM’000) (RM’000) Non Current Assets 810,081 810,369 810,516 815,511 Current Assets 27,115 36,042 28,164 38,31
Slide 14: Market Valuation as at 31 December 2011
Market Valuation as at 31 December 2011 Name of Properties Net Book Value as Market Valuation Surplus % at 31 Dec 2011(a) at as 31 Dec /(Deficit) increase (prior to Proposed 2011(b) incorporated / (decrease) Revaluation) (RM’000) into fund (RM’000) (RM’000) Quill Building 1- DHL1 & Quill Building 4-
Slide 15: Stable Financial Indicators
Stable Financial Indicators Audited Unaudited Unaudited Unaudited Unaudited as at as at as at as at as at 31 Dec 10 31 March 11 30 Jun 11 30 Sept 11 31 Dec 11 (RM’000) (RM’000) (RM’000) (RM’000) (RM’000) Total Debts 304,116 305,185 304,288 305,346 305,013 Gearing Ratio (x)¹ 0.36x 0.36x 0.36x 0.36x 0
Slide 16: Debt Profile
Debt Profile – Successfully Refinanced CP of RM118 million due in Nov 2011 % of Debt 42% 38% CPs RM130m RM118m MTN RM118m RM117m RM117m CPs CPs MTN RM60m 20% MTN No debt maturing in TL TL / MTN 2012 RM72.2m RM72.2m RM60m MTN 0% 0% 0% 2011 2012 2013 2014 2015 2016 16 Quill Capita Trust Presentation *
Slide 17: Low Interest Rate Risk - 100% Fixed Interest Rate
Low Interest Rate Risk - 100% Fixed Interest Rate QCT entered into an Interest Rate Swap (“IRS”) arrangement from a floating interest rate to a fixed interest rate for a nominal sum of RM130 million. Subsequent to this exercise, all of QCT’s interest exposure has been fixed. 31 Dec 2010 31 Dec 2
Slide 18: Portfolio Update
Portfolio Update 18 Quill Capita Trust Presentation *January 2012*
Slide 19: Portfolio of Quality Assets
Portfolio of Quality Assets Quill Building 1 Quill Building 4 Quill Building 2 Quill Building 3 Quill Building 5 - DHL 1 - DHL 2 - HSBC - BMW - IBM Part of Plaza Wisma Technip Quill Building 10 Quill Building 8 TESCO Building Penang Mon’t Kiara - HSBC (S13) - DHL (XPJ) 10 Properties worth RM814.8 mi
Slide 20: Geographical Diversification
Geographical Diversification By Valuation 10 properties well spread over Cyberjaya, Kuala Lumpur, Selangor and Penang. Penang 17% Mont' Kiara 14% Other Klang Valley ¹ Area Kuala Lumpur 6% City Centre 19% Klang Valley 39% Cyberjaya 44% Penang 17% Cyberjaya 44% Notes: (1) Other Klang Valley Area refer
Slide 21: Diversified Segmental Contributions
Diversified Segmental Contributions By Valuation Other Commercial Building Car Park 6% 6% Retail Assets 25% Office 63% Notes: (1) Office comprises Quill Buildings (excluding Quill Building 8-DHL (XPJ) at Glenmarie, Shah Alam) and Wisma Technip (2) Retail Assets refers to retail portion of Plaza Mont
Slide 22: Well Balanced Tenancy Mix
Well Balanced Tenancy Mix Government Linked Office IT/ Electronics 1.5% 9.4% By NLA Retail 21.9% Oil & Gas 18.5% Property / Construction 5.8% Banking 20.1% Logistics Automotive 20.0% 2.8% 22 Quill Capita Trust Presentation *January 2012*
Slide 23: Lease Renewal Profile
Lease Renewal Profile Lease Up for Renewal by NLA as at 10 January 2012 27% 25% 24% 21% 3% 2012 2013 2014 2015 2016 & Beyond In January 2012, one of the tenants occupying 37% of the total leases due for renewal in 2012 has signed a letter confirming the renewal of their lease for 2 years i.e. to 201
Slide 24: KLCA & Cyberjaya Office Market Outlook & Penang Retail Market Outlook
KLCA & Cyberjaya Office Market Outlook & Penang Retail Market Outlook 24 Quill Capita Trust Presentation *January 2012*
Slide 25: KLCA & Cyberjaya Office Market Outlook
KLCA & Cyberjaya Office Market Outlook Demand for offices in Klang Valley remain positive (extracted from the report prepared by Henry Butcher Malaysia Sdn Bhd dated 31 Dec 2011) The office sector in Kuala Lumpur remained firm in the 1st half of 2011 with an average occupancy rate of 80%, down m
Slide 26: KLCA & Cyberjaya Office Market Outlook
KLCA & Cyberjaya Office Market Outlook Increase demand for office space in Cyberjaya (extracted from the report prepared by Henry Butcher Malaysia Sdn Bhd dated 31 Dec 2011) The total supply of purpose built offices stood at 20.71 million sq. ft. as at Q3 2011, an increase of 13.3% compared to t
Slide 27: Retail Market Outlook
Retail Market Outlook Prospect for retail sector in Penang is expected to be stable (extracted from the report prepared by Henry Butcher Malaysia Sdn Bhd dated 31 Dec 2011) As at Q3 2011, the cumulative supply of retail space amounted to 1,406,060 sq. metres. Another 7 malls are under constructi
Slide 28: Conclusion
Conclusion 28 Quill Capita Trust Presentation *January 2012*
Slide 29: In Summary
In Summary Financial Year Ended 31 Dec 2011 FY 2011 declared DPU of 8.30 sen, increased by 3.36% from previous year. Revaluation gains of RM5.159 million from investment properties. Successfully redeemed existing RM118 million CPs due in Nov 2011 with a new RM118 million CPs to expire in Sept
Slide 30: Thank You
Thank You For enquires, please contact: Ms Corinne Tan Ms Joyce Loh (General Line: 603-27888188) (Fax : 603-27888199) 30 Quill Capita Trust Presentation *January 2012*