Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — RCS Trust (Raffles City Singapore) — FY2008 Earnings Presentation
15 slides from Singapore Exchange's earnings presentation, Jan 22, 2009
Slide 1: Raffles City Singapore Acquisition
Raffles City City Raffles Acquisition Singapore 22 January 2009 1
Slide 2: Performance of RCS Trust – 4Q 2008
Performance of RCS Trust – 4Q 2008 RCS CMT’s 40% Interest Trust (100%) Actual Forecast1 Actual 4Q 2008 4Q 2007 Change 4Q 2008 Change 4Q 2008 S$'000 S$'000 S$'000 S$'000 % % Gross Revenue 20,722 17,374 19.3 18,809 10.2 51,805 - Retail 8,596 6,816 26.1 7,680 11.9 21,490 - Office 3,372 2,868 17.6 3,135
Slide 3: Performance of RCS Trust – 2H 2008
Performance of RCS Trust – 2H 2008 RCS CMT’s 40% Interest Trust (100%) Actual Forecast1 Actual 2H 2008 2H 2007 Change 2H 2008 Change 2H 2008 S$'000 S$'000 S$'000 S$'000 % % Gross Revenue 39,969 34,044 17.4 37,813 5.7 99,922 - Retail 16,734 13,430 24.6 15,824 5.8 41,837 - Office 6,539 5,526 18.3 6,25
Slide 4: RCS Valuation
RCS Valuation Valuation (S$ million) RCS Trust CMT Variance (100%) (40% Interest) (%) Valuation Cap Rate1 as at as at as at as at as at as at Variance 1 Jun 08 1 Dec 08 1 Jun 08 1 Dec 08 1 Jun 08 1 Dec 08 (bps) Retail : Retail : Retail : 5.25% 5.50% +25 Office : Office : Office : 2,732.4 2,695.0 1,0
Slide 5: Diverse Sector Mix
Diverse Sector Mix Sector Mix for RCS by FY2008 Gross Rental Income Others, 3.8% Office, 16.0% Hotel & Convention Centre, 38.2% Retail, 42.0% 5
Slide 6: Occupancy and Renewals/New Leases
Occupancy and Renewals/New Leases Renewals and New Leases Committed from 1 Jan 2008 to 31 Dec 2008 Increase in Rental vs Committed Renewed/New Occupancy Leases as at as at 31 Dec 2008 Forecast 1 Preceding 31 Dec 2008 Rent Rent 4,151 sq m Raffles City Tower 30.4% 186.3% 99.7% (5.7%) Raffles City 7,97
Slide 7: Shopper Traffic Grew 15% in 2008 vs 2007
Shopper Traffic Grew 15% in 2008 vs 2007 Over The Same Period Million 4.0 3.5 No of Shoppers 3.0 2.5 2.0 1.5 1.0 0.5 0.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 2008 7
Slide 8: Lease Expiry Profile – Raffles City Tower
Lease Expiry Profile – Raffles City Tower Leases up for Renewal as a % of Gross Rental Income as at 31 Dec 2008 43.8% 45.7% 8.5% 2.0% 0.0% 2009 2010 2011 2012 2013 and beyond Weighted Average Expiry by Gross Rental Income 1.35 Years 8
Slide 9: Lease Expiry Profile – Raffles City Shopping Centre
Lease Expiry Profile – Raffles City Shopping Centre Leases up for Renewal as a % of Gross Rental Income1 as at 31 Dec 2008 46.3% 21.6% 19.3% 10.5% 2.3% 2009 2010 2011 2012 2013 and beyond Weighted Average Expiry by Gross Rental Income 1.75 Years Note: 1. Excludes retail turnover rent 9
Slide 10: 75% of 2009's Forecast Gross Rental Has Been Locked-In
1 75% of 2009’s Forecast Gross Rental Has Been Locked-In with Committed Leases 75% Note: 1. Includes forecast gross turnover rent and hotel service charge. Based on the manager’s forecast and assumptions as shown in the joint announcement by CCT and CMT on 9 June 2008 10
Slide 11: Top 10 Tenants – Raffles City Tower
Top 10 Tenants1 – Raffles City Tower % of Gross Rental Tenant Income Economic Development Board 19.2% Accenture Pte Ltd 10.4% Phillip Securities Pte Ltd 8.9% Petro-Diamond Singapore (Pte) Ltd 4.5% AAPC Hotels Management Pte. Ltd. 3.4% Raffles International Limited 3.2% Chinaoil (Singapore) Int'l Pte
Slide 12: Top 10 Tenants – Raffles City Shopping Centre
Top 10 Tenants1 – Raffles City Shopping Centre % of Gross Rental Tenant Income Robinson & Company (Singapore) Private Limited 13.6% Wing Tai Retail Pte. Ltd. 4.9% Ossia International Limited 3.2% Jay Gee Enterprises (Pte) Ltd 2.8% Food Junction Management Pte Ltd 2.4% Cold Storage Singapore (1983) P
Slide 13: Trade Mix – Raffles City Tower
Trade Mix – Raffles City Tower Tenant Business Sector Analysis by Gross Rental Income as at 31 Dec 2008 Real Estate & Property Services, 6.1% Banking, Insurance & Others, 12.6% Financial Services, 23.6% Government & Government Linked Office, 21.6% Energy, Business Consultancy, IT & Telecommunication
Slide 14: Trade Mix – Raffles City Shopping Centre
Trade Mix – Raffles City Shopping Centre Tenant Business Sector Analysis by Gross Rental Income as at 31 Dec 2008 Books/Gifts & Specialty/Hobbies/Toys, 4.8% Home Furnishings, 0.8% Food & Beverage/ Food Court, 22.9% Leisure and Entertainment/Sports & Fitness, 2.1% Supermarket, Fashion, 2.4% 43.3% Edu
Slide 15: Thank You
Thank You For enquiries, please contact: TONG Ka-Pin (Ms) Head, Investor Relations & Corporate Communications Tel : (65)-6536 1188 Fax : (65)-6536 3884 Email: tong.ka-pin@capitaland.com http://www.capitamall.com 15
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