Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q3 2016 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, Nov 10, 2016

  1. Slide 1: Lippo Malls Indonesia Retail Trust 3Q 2016 Results Presentation

    Lippo Malls Indonesia Retail Trust 3Q 2016 Results Presentation 10 November 2016

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statem

  3. Slide 3: Key Highlights of 3Q 2016 Results

    Key Highlights of 3Q 2016 Results 3Q 2016 3Q 2015 Variance (%) (S$ ‘000) (S$ ‘000) Total Revenue 47,030 44,137 6.6% Net Property Income 43,338 40,290 7.6% Distributable Income 24,153 21,487 12.4%  3Q 2016 DPU of 0.86 cents (2Q 2016: 0.85 cents) represents an annualized yield of 8.9% 1  Healthy bal

  4. Slide 4: Performance Summary for 3Q 2016

    Performance Summary for 3Q 2016 Gross Revenue (SGD '000) NPI (SGD '000) 48,000 44,000 43,338 47,030 43,000 47,000 42,000 46,000 41,000 40,290 45,000 40,000 44,137 44,000 39,000 43,000 38,000 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Distributable Income (SGD '000) DPU (SGD cents) 0.88 0.86 25,000 0.86 24,153

  5. Slide 5: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 4 44

  6. Slide 6: 3Q 2016 Financial Results – P&L

    3Q 2016 Financial Results – P&L 3Q 2016 3Q 2015 3Q 2016 3Q 2015 Variance Variance (S$ ‘000) (S$ ‘000) (IDR million) (IDR million) Gross Rent 37,903 36,618 3.5% 367,645 362,156 1.5% Other Income 511 539 -5.2% 5,010 5,061 -1.0% Parking Income 6,600 5,903 11.8% 63,934 58,403 9.5% Rental of Electrical,

  7. Slide 7: 3Q 2016 Financial Results – P&L

    3Q 2016 Financial Results – P&L Gross Revenue (S$’000) 173,004 152,599 136,108 144,026 136,985 129,370 40,200 101,761 47,030 44,137 79,638 42,257 46,806 41,972 45,524 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 3Q 2016 Net Property Income (S$’000) 143,360 158,565 119,671 126,007

  8. Slide 8: 3Q 2016 Financial Results – P&L

    3Q 2016 Financial Results – P&L Distributable Income (S$’000) 85,553 73,023 68,014 64,137 22,690 59,492 54,009 47,878 47,446 24,153 21,487 23,802 19,875 21,501 23,178 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 3Q 2016 DPU (cents) 0.81 0.83 0.85 0.86 0.79 0.77 0.68 0.69 0.71 0.73

  9. Slide 9: 3Q 2016 Financial Results – Balance Sheet (in S$)

    3Q 2016 Financial Results – Balance Sheet (in S$) 30 September 2016 31 December 2015 S$ million S$ million 1 2 Non Current Assets 1,867.3 1,837.3 Current Assets 258.8 150.5 Total Debt 695.0 695.0 Other Liabilities 193.9 217.7 3 Total Equity 1,237.2 1,075.1 Gearing Ratio 32.7% 35.0% Total Units In Is

  10. Slide 10: Distribution Details

    Distribution Details 1 July 2016 – 30 September 2016 Total DPU 0.86 cents - Tax-Exempt 0.60 cents - Capital 0.26 cents Books Closure Date 18 November 2016 Tentative Distribution Payment Date 30 November 2016 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributabl

  11. Slide 11: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 10 10 10

  12. Slide 12: Strategically Located Portfolio

    Strategically Located Portfolio LMIRT has a diversified portfolio of 19 retail malls and 7 retail spaces across Indonesia  Portfolio across Indonesia: Metropolis Town Square Pluit Village North – 10 malls across Greater West Central Jakarta Mall WTC Matahari Gajah Mada Plaza Jakarta Jakarta Jakarta

  13. Slide 13: Consistently Diversified Trade Mix

    Consistently Diversified Trade Mix As at 30 September 2016 Trade Sector Breakdown by Rental Income Trade Sector Breakdown by NLA 1.7% 0.8% 3.0% 2.6% 4.2% 6.3% 10.2% 11.5% 10.2% 0.5% 10.1% 0.4% 15.5% 19.3% 4.3% 9.9% 17.6% 9.2% 1.5% 0.8% 4.5% 0.5% 2.1% 10.6% 1.6% 4.8% 1.2% 14.5% 0.4% 6.6% 9.0% 0.6% 0.

  14. Slide 14: Top 10 Tenants By Gross Rental Income

    Top 10 Tenants By Gross Rental Income As at 30 September 2016, includes retail space Fitness First 0.4% Centro 0.4% Gramedia 0.4% Sport Station 0.5% Solaria 0.5% Ace Hardware 0.6% Electronic Solution 0.7% Carrefour 2.5% Hypermart 6.7% Matahari Department Store 9.3% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0%

  15. Slide 15: Lease Expiry Profile

    Lease Expiry Profile As at 30 September 2016 Weighted Average Lease Expiry (by NLA) as at 30 September 2016: 4.63 years 45% 42% 40% 35% 30% 25% 23% 20% 15% 12% 10% 10% 5% 2% 0% 2016 2017 2018 2019 >2020  LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter-t

  16. Slide 16: Rental Reversion Trend

    Rental Reversion Trend As at 30 September 2016 50,000 45,628 70.0% 45,000 40,000 60.0% 36,026 35,000 50.0% 30,606 30,000 26,542 24,76425,115 40.0% 25,000 22,906 22,072 20,920 20,000 19,039 30.0% 17,650 16,23816,455 16,094 16,575 27.1%15,168 15,000 13,598 25.7% 11,970 13,634 10,117 22.9% 20.0% 11,257

  17. Slide 17: Debt Maturity Profile

    Debt Maturity Profile As at 30 September 2016  To mitigate the impact of interest rate fluctuations, 87% of LMIRT’s debt is on a fixed rate basis  Weighted Average Maturity of Debt Facilities is 1.99 years 300 35.2% 250 4 200 100 21.6% 150 18.0% 18.0% 1 5 2 6 100 50 75 150 145 7.2% 3 50 75 7 8 50

Lippo Malls Indonesia Retail Trust — Q3 2016 Earnings Presentation on 6ix