Bhg Retail Reit · SGX:BMGU
Bhg Retail Reit — FY2023 Earnings Presentation
29 slides from Bhg Retail Reit's earnings presentation, Feb 23, 2024
Slide 1: BHG Retail REIT FY 2023 Results Presentation
BHG Retail REIT FY 2023 Results Presentation 23 February 2024
Slide 2: Content
Content FY 2023 Key Highlights Financial Update Portfolio Update Looking Forward Photo of Hefei Mengchenglu 2
Slide 3: FY 2023 Key Highlights
FY 2023 Key Highlights 62.0 35.0 0.43 (SGD million) (SGD million) (SGD cents) Gross Revenue Net Property Income in Distribution per Unit in in FY 2023 FY 2023 FY 20231 95.6% 39.9% Revitalising Tenancies Portfolio Gearing 2 Enhancing Experiences Occupancy2 +5.2% +4.8% +7.2% China GDP Disposable China
Slide 4: Financial Update
Financial Update Photo of Beijing Wanliu
Slide 5: FY 2023 Financial Update
FY 2023 Financial Update Gross Revenue Net Property Income Gross Revenue3 Net Property Income3 FY 2023 FY 2023 SGD million SGD million 62.0 35.0 SGD million SGD million 66.4 62.0 37.7 35.0 Amount to be distributed Distribution per Unit1,2 to Unitholders1,2 FY 2023 FY 2023 0.43 2.2 SGD cents SGD mill
Slide 6: 2H 2023 Distribution Payment
2H 2023 Distribution Payment Distribution Details Distribution Period 1 July 2023 to 31 December 2023 Distribution Per Unit (SGD) 0.08 cents per unit Distribution Timetable Ex-Date 1 March 2024 Books Closure Date 4 March 2024 Payment Date 28 March 2024 6
Slide 7: Balance Sheet and Capital Management
Balance Sheet and Capital Management Balance Sheet (SGD million) As at 31 December 2023 Investment Properties 878.2 TotalInvestment Assets Properties 926.9 912.2 Total Liabilities 381.5 Net Assets Total Assets 959.2 545.4 Net Asset Value Per Unit1 (SGD cents) 0.72 Total Liabilities 375.2 Healthy Gea
Slide 8: Portfolio Update
Portfolio Update Photo of Chengdu Konggang
Slide 9: Portfolio Overview
Portfolio Overview MULTI-TENANTED Dalian Beijing Xining Chengdu Hefei Multi-tenanted Master-leased Beijing Wanliu Hefei Mengchenglu MASTER-LEASED Chengdu Konggang Hefei Changjiangxilu Xining Huayuan Dalian Jinsanjiao 9
Slide 10: Portfolio Overview
Portfolio Overview1 6 4,723.0 178,167 95.6% 5.9 Years Properties (RMB million) Net Lettable Area Committed Weighted Ave. Valuation2 (NLA) sqm Occupancy Rate Lease Expiry by NLA Beijing Chengdu Hefei Hefei Xining Dalian Wanliu Konggang Mengchenglu Changjiangxilu Huayuan Jinsanjiao Valuation2 2,551.03
Slide 11: Lease Expiry Profile
Lease Expiry Profile Weighted Average Lease Expiry (WALE) as at 31 December 2023 By Gross Rental Income: 3.3 years By Committed NLA: 5.9 years 47.6% Lease Expiry Profile as at 31 December 2023 46.1% By Gross Rental Income By Committed NLA 28.6% 21.7% 17.0% 12.4% 8.8% 8.3% 1.8% 3.1% 3.3% 1.3% FY2024
Slide 12: Diversified Tenant Mix
Diversified Tenant Mix Close to 68% of Gross Rental Income and 70% of Net Lettable Area from experiential segment (exclude fashion & accessories) Trade Mix Multi-tenanted Malls (As at 31 December 2023) Breakdown of Gross Rental Income by Trade Sector Breakdown of Net Lettable Area by Trade Sector
Slide 13: Revitalising Tenancies Enhancing Experiences
Revitalising Tenancies Enhancing Experiences Photo of Hefei Mengchenglu
Slide 14: New Lifestyle and Retail Offerings In our Malls
New Lifestyle and Retail Offerings In our Malls TREK Bicycle 单车 Fan Zi Gu Anime Cosplay 番之谷 Hema Supermarket 盒马鲜生 @ Beijing Wanliu @ Hefei Mengchenglu @ Chengdu Konggang MYHAIR 发廊 Dr X Eye Clinic 羽视眼科 VR 幻影星空 @ Beijing Wanliu @ Beijing Wanliu @ Beijing Wanliu 14
Slide 15: New Tenants In Our Malls (Fashion and Children)
New Tenants In Our Malls (Fashion and Children) Bosideng Winter Wear 波斯登 羽绒服 Wan Ke Lai Fashion Outlet 万客来 服装超市 Hong Dou Children Wear 红豆童装 @ Beijing Wanliu @ Hefei Mengchenglu @ Hefei Changjiangxilu Mr Dabin Men Wear 大斌先生 男装 Summer Bella Woman Wear 夏贝芮拉 女装 Hostoyo Children Wear 皇室童缘 @ Chengdu Kongg
Slide 16: Popular F&B Selections
Popular F&B Selections LuYouWo Braised Snacks 卤优渥 卤味 Chun Zi Beef Rice 春子牛肉汤饭 MAN Fried Chicken 满巍明 生炸鸡架 @ Beijing Wanliu @ Beijing Wanliu @ Beijing Wanliu Come Wonka Bubble Tea 卡旺卡 奶茶 Jun Xi Jia BBQ 俊熙家 烤肉 Luckin Coffee 瑞幸咖啡 @ Hefei Mengchenglu @ Chengdu Konggang @ Hefei Changjiangxilu 16
Slide 17: Engaging Communities Creating Lasting Memories
Anchoring Foundations. Staying Resilient. Engaging Communities Creating Lasting Memories Photo of Chengdu Konggang
Slide 18: Engaging Shoppers and Communities
Engaging Shoppers and Communities Mural Painting @ Beijing Wanliu Public Square Dancing Event @ Chengdu Konggang Pokemon Competition@ Beijing Wanliu Pink Music Fest @ Hefei Mengchenglu 18
Slide 19: Children & Family Activities
Children & Family Activities Halloween Pumpkin DIY @ Beijing Wanliu Halloween Tour Around @ Chengdu Konggang Christmas DIY Art & Craft@ Beijing Wanliu Parent-Child Art & Craft @ Hefei Mengchenglu 19
Slide 20: Our Sustainability Journey
Our Sustainability Journey Environmental, Social and Governance (ESG)
Slide 21: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Background We are cognisant of ESG issues that are relevant for BHG Retail REIT and our stakeholders Proactively strive to consider and address these ESG issues during our business strategy formulation Started annual sustainability reporting and issue
Slide 22: Our Sustainability Journey: Environmental
Our Sustainability Journey: Environmental Energy Efficiency Water Management Established energy savings plan to ensure energy efficiency Implemented practices to control and manage through lighting management efforts and optimisation of air- water wastage such as: conditioning system output, such
Slide 23: Our Sustainability Journey: Social (CSR Initiatives)
Our Sustainability Journey: Social (CSR Initiatives) Gift Packs to Elderlies 孤寡老人爱心慰问活动 Visit to the Community 爱心慰问活动 Community Health Checkup 社区体检 Fun Activities to Engage The Elderlies 23
Slide 24: Our Sustainability Journey: Governance
Our Sustainability Journey: Governance Awards Results Year 1 Best Retail REIT (for companies with less than US$1 billion in market Platinum 2023 capitalisation) Asia Pacific Best of the Breed REITs Awards 2023TM 2 Best Investor Relations Platinum 2023 Asia Pacific Best of the Breed REITs Awards 2023
Slide 25: Looking Forward
Looking Forward Photo of Beijing Wanliu 25
Slide 26: China Macroeconomic Outlook
China Macroeconomic Outlook China FY 2023 China’s gross domestic product1 (“GDP”) for 2023 increased 5.2% year-on-year to RMB GDP 126.0 trillion, broadly in line with market consensus of 5.3% expansion2. Growth +5.2% (year-on-year) Disposable income per capita of urban residents grew 4.8% year-o
Slide 27: Looking Forward
Looking Forward The Manager remains focused and committed to proactively manage the existing portfolio, as well as to pursue growth Creating Organic Value Pursuing Acquisition Growth Proactive Asset Management Completed acquisition of Hefei Changjiangxilu in April Reinforce community positioning
Slide 28: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may constitute “forward- looking” statements (including forward-looking financial information). Actual future performance, outcomes and results may differ materially from those expressed i
Slide 29: Thank you
For further information and enquiries: Thank you BHG Retail Trust Management Pte. Ltd. Contact: (65) 6805 8288 Email: ir@bhgreit.com Website: http://www.bhgreit.com 29