Capitaland India Trust · SGX:CY6U
Capitaland India Trust — FY2025 Earnings Presentation
38 slides from Capitaland India Trust's earnings presentation, Feb 2, 2026
Slide 1: FY 2025 Financial Results
FY 2025 Financial Results 2 February 2026
Slide 2: Disclaimer
CapitaLand India Trust Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes The past performance of CapitaLand India Trust (“CLINT”) is not indicative of future performance. and results may differ materially from those expressed in forward-looking
Slide 3: Agenda
FY 2025 Financial Results CapitaLand India Trust Agenda 01 FY 2025 Highlights 02 Financial Review 03 Capital Management 04 Operations Review 05 Growth Strategy 06 Appendix Block A, International Tech Park Hyderabad 3
Slide 4: FY 2025 Highlights
01 FY 2025 Highlights
Slide 5: Solid Performance in FY 2025
FY 2025 Financial Results CapitaLand India Trust Solid Performance in FY 2025 Financials Total Property Income Net Property Income Distribution Per Unit (Singapore cents) 2H 2025 S$ 145.1 M +2% YoY S$ 111.3 M +9% YoY 3.90 +22% YoY FY 2025 S$ 294.4 M +6% YoY S$ 224.9 M +9% YoY 7.87 +15% YoY Key Metri
Slide 6: Disciplined Growth Driving Higher Distributions
FY 2025 Financial Results CapitaLand India Trust Disciplined Growth Driving Higher Distributions 10-year Compound Annual Growth Rate (CAGR)1 S$150 M +8% Private Placement DPU1 DPU1 (INR) S$100 M (S cents) S$150.1 M Private Placement Preferential Offering 6.00 10.00 9.00 10-year CAGR +4% 5.00 8.00 IN
Slide 7: Advancing Portfolio Strategy
FY 2025 Financial Results CapitaLand India Trust Advancing Portfolio Strategy Strengthen Unlock Increase Optimise Portfolio Value Growth Pipeline Capital Structure Strong Operating Metrics Divestments Forward Purchase Capital Management ✓ Improved net property income ✓ Completed maiden divestment of
Slide 8: Strategic Divestment Unlocks Value of DC Portfolio
FY 2025 Financial Results CapitaLand India Trust Strategic Divestment Unlocks Value of DC Portfolio ✓ Announced divestment of 20.2% stake in three Transaction Overview data centres under development to CapitaLand India Data Centre Fund Total Consideration Estimated Net Gain1 INR 7.0 B INR 8.6 B ✓ In
Slide 9: Optimising Capital Structure by Onshoring Debt
FY 2025 Financial Results CapitaLand India Trust Optimising Capital Structure by Onshoring Debt CLINT aims to gradually increase natural hedge by onshoring debts to 40-50% of total debt1 in the next three to four years Benefits of Onshore Debt First Onshore Bond Issuance ✓ Issued first onshore bond
Slide 10: Financial Review
02 Financial Review
Slide 11: FY 2025 vs FY 2024 Results
FY 2025 Financial Results CapitaLand India Trust FY 2025 vs FY 2024 Results FY 2025 FY 2024 Variance S$/INR FX rate1 66.1 62.5 6% • Increase due to higher rental income from existing properties; • Income contribution from newly completed INR 19,468 M INR 17,378 M 12% Total Property Income properties
Slide 12: 2H 2025 vs 2H 2024 Results
FY 2025 Financial Results CapitaLand India Trust 2H 2025 vs 2H 2024 Results 2H 2025 2H 2024 Variance S$/INR FX rate1 67.8 63.0 8% • Increase due to higher rental income from existing properties; • Income contribution from newly completed INR 9,843 M INR 8,958 M 10% Total Property Income properties (
Slide 13: Achieved 22% YoY Growth in 2H 2025 DPU
FY 2025 Financial Results CapitaLand India Trust Achieved 22% YoY Growth in 2H 2025 DPU Distribution per Unit (DPU) Distribution Period 1 July to 31 December 2025 (Singapore cents) Distribution Schedule +22% 3.90 Notice of Record Date 2 February 2026 3.20 Last Day of Trading on ‘cum’ Basis 11 Februa
Slide 14: Portfolio Valuation
FY 2025 Financial Results CapitaLand India Trust Portfolio Valuation 2025 Valuation Breakdown Asset Class / INR B 31 December 2025 31 December 2024 IT Parks 204.3 184.9 Data Centres Industrial & Logistics 8.5 12.5 20% Data Centres 53.61 35.1 Industrial & Logistics Portfolio Total (INR B) 266.4 232.5
Slide 15: Capital Management
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Slide 16: Well-spread Debt Maturity Profile
FY 2025 Financial Results CapitaLand India Trust Well-spread Debt Maturity Profile Effective Borrowings1 S$ M S$1,847 M Average Term to Maturity 513.5 2.5 years 405.2 199.2 Sustainability-Linked Borrowings2 318.0 56% 282.5 282.8 175.9 83.2 INR:SGD Borrowings 53:47 314.3 247.4 199.5 142.1 44.8 INR On
Slide 17: Proactive Capital Management
FY 2025 Financial Results CapitaLand India Trust Proactive Capital Management Financial Indicators As at 31 Dec 2025 As at 30 Sep 2025 Gearing Ratio 39.6%1 40.9% Net Gearing Ratio (cash and cash equivalents considered) 37.6% 38.9% Interest Coverage Ratio2 (ICR) 2.7x 2.6x Average Cost of Debt 5.6% 5.
Slide 18: Operational Review
04 Operational Review
Slide 19: Portfolio Occupancy
FY 2025 Financial Results CapitaLand India Trust Portfolio Occupancy Committed Occupancy1 91% Bangalore Chennai Hyderabad Mumbai Pune 97% 100% 98% 100% 91% 94% 90% 88% 85% 57% ITPB ITPC IF, MWC ITPH aVance Building Building aVance I ITPP-H aVance II Hyderabad Q1 Q2 Pune Pune Micro-market Occupancy2
Slide 20: Diversified Portfolio
FY 2025 Financial Results CapitaLand India Trust Diversified Portfolio Mumbai 8% Chennai Bangalore 15% 33% Total Number of Tenants Average Space per Tenant Portfolio Breakdown 307 ~59,000 sq ft by Base Rent Largest tenant accounts for 11% Pune of portfolio base rent 19% Hyderabad 25% All information
Slide 21: Diversified Portfolio
FY 2025 Financial Results CapitaLand India Trust Diversified Portfolio % of Portfolio Asset Portfolio Breakdown Top 10 Tenants Base Rent Trade Sector Class 12% Tata Consultancy 1 11% IT & ITES Services 1% 3% IT & ITES 3% 2 Applied Materials 8% Electronics & Engineering Electronics & Engineering Tena
Slide 22: Lease Expiry Profile
FY 2025 Financial Results CapitaLand India Trust Lease Expiry Profile Monthly base rent expiring (INR M) 600 500 6.6 ~35% of remaining leases expiring in years 400 2026 are either renewed or highly likely to be renewed 29% 3.4 Weighted Average Lease Term 300 22% years 19% Weighted Average 17% Lease
Slide 23: Portfolio Rental Reversion
FY 2025 Financial Results CapitaLand India Trust Portfolio Rental Reversion 39% 21% 28% + 24% TTM Reversion 12% (0.1%) Bangalore Chennai Hyderabad Pune Mumbai Total Eligible Transactions 39 8 10 8 1 66 – TTM (nos.) SBA (‘000 sq ft) 660 240 280 350 10 1,540 Notes: 1. Excludes Logistics Park and Data
Slide 24: Growth Strategy
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Slide 25: Multiple Levers Drive Growth
FY 2025 Financial Results CapitaLand India Trust Multiple Levers Drive Growth Current Pipeline ✓ Increase occupancy, Increase ✓ Strengthen pipeline Strengthen 6 Forward improve space Growth through forward Portfolio Purchases efficiency and Pipeline purchase, development diversify tenant base and ma
Slide 26: Strong Growth Track Record
FY 2025 Financial Results CapitaLand India Trust Strong Growth Track Record Performance since IPO 10-year Performance +9.5% 10-year CAGR since IPO Portfolio Growth CAGR 11% 147% Total Completed Developments 2.3 1.3 8.3 M sq ft 2.7 Floor area (M sq ft) 1.4 0.7 1.2 Total Acquisitions 0.5 0.7 0.6 1.9 1
Slide 27: Growth Based on Committed Pipeline
FY 2025 Financial Results CapitaLand India Trust Growth Based on Committed Pipeline Floor area (M sq ft) 32.3 1.9 1.9 90% 49% 1.4 1.4 7.3 21.7 7.3 Committed portfolio Committed Portfolio Expected growth by Floor Area that is income- (M sq ft) in floor area generating 21.7 Dec 2025 Growth Pipeline by
Slide 28: Growth Pipeline
FY 2025 Financial Results CapitaLand India Trust Growth Pipeline Floor area Construction Expected Total Remaining Project Name Building (M sq ft) Completion Consideration Commitment IT PARK INR 10.5 B INR 9.3 B aVance Hyderabad aVance 5 1.2 Completed (S$150 M) (S$133 M) INR 9.4 B INR 3.0 B aVance A1
Slide 29: CLINT's DC Portfolio Under Development
FY 2025 Financial Results CapitaLand India Trust CLINT’s DC Portfolio Under Development Joint venture partners' CapitaLand DC CapitaLand CapitaLand contribution 1 Navi Mumbai Tower 1 DC ITPH DC Chennai & Tower 2 6% Contractual Colocation Partial Arrangement (Tenants utilise space for their servers a
Slide 30: Thank You
Thank You For enquiries, please contact: Ms Clarisse Ong, Listed Funds – Investor Relations Direct: (65) 6713 3671 | Email: enquiries@clint.com.sg CapitaLand India Trust Management Pte. Ltd. Tel: (65) 6713 2888 | Fax: (65) 6713 2999 clint.com.sg
Slide 31: Appendix
06 Appendix
Slide 32: Glossary
FY 2025 Financial Results CapitaLand India Trust Glossary Term Definition BFSI Banking, Financial Services and Insurance CY Calendar year Derivative financial instruments Includes cross currency swaps (entered to hedge S$ borrowings into INR), interest rate swaps, options and forward foreign exchang
Slide 33: Capital Management
FY 2025 Financial Results CapitaLand India Trust Capital Management Proactively diversify sources of funding and increase natural hedge by onshoring loans and debts Funding Strategy Equity raising is predicated on maintaining a Income Gearing strong balance sheet by keeping gearing ratio Semi-annual
Slide 34: Portfolio Details
FY 2025 Financial Results CapitaLand India Trust Portfolio Details City Bangalore Chennai Hyderabad Pune Mumbai • International • International • International • International • Building Tech Park Tech Park Tech Park Tech Park Q1 & Q2 Bangalore Chennai Hyderabad Pune - Hinjawadi • Logistics Property
Slide 35: Portfolio Valuation (1/2)
FY 2025 Financial Results CapitaLand India Trust Portfolio Valuation (1/2) 31 December 2025 31 December 2024 Valuation Cap Rate Valuation Cap Rate (INR M) (%) (INR M) (%) IT Parks Office: 8.00 Office: 8.25 International Tech Park Bangalore 70,923 58,874 Retail: 9.00 Retail: 9.00 International Tech P
Slide 36: Portfolio Valuation (2/2)
FY 2025 Financial Results CapitaLand India Trust Portfolio Valuation (2/2) 31 December 2025 31 December 2024 Properties Valuation Cap Rate Valuation Cap Rate (INR M) (%) (INR M) (%) Industrial & Logistics Logistics Park, Navi Mumbai 4,643 8.00 8,098 8.00 Industrial Facility 1, 2 & 3 Mahindra World C
Slide 37: Lease Expiry Profile by Base Rent
FY 2025 Financial Results CapitaLand India Trust Lease Expiry Profile by Base Rent 2030 City 2026 2027 2028 2029 Total & beyond Bangalore 9.0% 3.7% 3.2% 6.1% 10.8% 32.8% Hyderabad 1.2% 5.3% 10.0% 4.3% 4.8% 25.6% Chennai 2.0% 4.5% 3.0% 2.1% 3.5% 15.0% Pune 0.5% 1.2% 4.4% 5.8% 7.3% 19.0% Mumbai 0.2% 2
Slide 38: Lease Expiry Profile by Area
FY 2025 Financial Results CapitaLand India Trust Lease Expiry Profile by Area 2030 City 2026 2027 2028 2029 Total & beyond Bangalore 9.1% 4.0% 3.1% 6.1% 10.0% 32.2% Hyderabad 1.1% 4.6% 9.3% 4.4% 3.7% 23.0% Chennai 1.5% 3.5% 3.5% 1.6% 3.5% 13.6% Pune 0.7% 1.3% 5.6% 7.3% 8.5% 23.5% Mumbai 0.2% 2.5% 1.
CapitaLand India Trust — FY2025 Earnings Presentation on 6ix