CapitaLand Integrated Commercial Trust · SGX:C38U
CapitaLand Integrated Commercial Trust — Investor Presentation (May 2024)
32 slides from CapitaLand Integrated Commercial Trust's investor presentation, May 2024
Slide 1: Corporate Presentation
CapitaLand Integrated Commercial Trust Corporate Presentation May 2024
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors incl
Slide 3: Table of Content
Table of Content 04 12 About Creating CICT Value 9 23 Portfolio Capital Overview Management 26 ESG Focus Westgate, Singapore
Slide 4: About CICT
About CICT Bugis Junction, Singapore
Slide 5: CICT - The Proxy for Singapore's Commercial Real Estate Market
CICT - The Proxy for Singapore’s Commercial Real Estate Market Market Portfolio Total Net Capitalisation(1) Property Value(2) Lettable Area(3) S$13.2b/US$9.7b S$24.5b/US$18.0b 11.9m sq ft Germany Germany, Australia, 2.7% 3.6% 2 Singapore Integrated Development (4) 21 Office, 30.4% 39.4% S$24.5 billi
Slide 6: CICT's Investment Merits
CICT’s Investment Merits We Are Committed to generate stable Able to tap on distributions and opportunities in sustainable returns Singapore and other to unitholders developed markets to drive performance and growth Underpinned by a well- diversified quality portfolio in strategic locations that off
Slide 7: Leveraging Our Resources to Drive Sustainable Value
Leveraging Our Resources to Drive Sustainable Value C a p i t a L a n d I n t e g r a t e d C o m m e r c i a l Tr u s t 7
Slide 8: Sustainability Approach: Strategic Sustainability Management Structure
Sustainability Approach: Strategic Sustainability Management Structure CLI SUSTAINABILITY MANAGEMENT STRUCTURE CICT SUSTAINABILITY COMMITTEE Serve as sustainability Provide CLI Board of Directors champions (accountable for CICTML Board of Directors business unit (BU) strategic performance) oversight
Slide 9: Portfolio Overview
Portfolio Overview Six Battery Road, Singapore
Slide 10: 21 Properties in Singapore
21 Properties in Singapore Retail 1 Bedok Mall 6 Lot One Shoppers’ Mall 2 Bugis Junction 7 Tampines Mall 3 CQ @ Clarke Quay 8 Westgate 4 IMM Building 9 Bugis+ 5 Junction 8 10 Bukit Panjang Plaza Office Integrated Developments 1 Asia Square Tower 2 1 CapitaSpring (45% interest) 2 CapitaGreen 2 Funan
Slide 11: 5 Properties Overseas Well-located Near Transport Nodes
5 Properties Overseas Well-located Near Transport Nodes Australia Germany Portfolio Occupancy Portfolio Occupancy 1 2 3 4 5 as at 31 Mar 2024 as at 31 Mar 2024 Office Office 66 GOULBURN 100 ARTHUR STREET 101-103 MILLER GALLILEO MAIN AIRPORT STREET STREET AND (94.9% interest) CENTER GREENWOOD PLAZA 8
Slide 12: Creating Value
Creating Value Tampines Mall, Singapore
Slide 13: CICT's Value Creation Strategy
CICT’s Value Creation Strategy To deliver stable distributions and sustainable returns to unitholders Asset and Portfolio Asset Enhancements Portfolio Acquisition Management and Redevelopments Reconstitution • Optimise rental rate and • Achieve the highest and best • Undertake appropriate • Invest t
Slide 14: Creating Value Over the Years
Creating Value Over the Years ASSET ENHANCEMENT INITIATIVE (AEI) ● Completed rejuvenation of Raffles City Singapore and Six Battery Road podium block AEI REDEVELOPMENT 2024 ● Commenced AEI for CQ @ Clarke ● Ongoing AEI at CQ @ ● CapitaSpring achieved TOP Clarke Quay Quay ✓ Completed AEI at CQ @ Late
Slide 15: Redevelopment of Funan
Redevelopment of Funan Dec 2015: July 2016: Sep 2016: Sep 2018: June 2019: Announced the Commenced Conducted Announced Reopened as redevelopment redevelopment ground- structural Funan of Funan breaking completion DigitaLife Mall ceremony Funan DigitaLife Mall Funan Occupancy Value Created Green Reco
Slide 16: Creating a Community for Work, Live and Play at Funan
Creating a Community for Work, Live and Play at Funan Anchored by the six passion themes – Tech, Craft, Play, Fit, Chich and Taste – Funan appeals to savvy consumers pursuing quality life in a socially-conscious and creative environment First commercial development in Singapore with a cycling path c
Slide 17: CapitaSpring, jointly developed by CICT, CapitaLand and Mitsubishi Estate Co
CapitaSpring, jointly developed by CICT, CapitaLand and Mitsubishi Estate Co Jul 2017: Feb 2018: Jan 2021: Jun & Aug 2021: Nov 2021: Announced the Conducted Achieved Achieved phased Achieved redevelopment ground- topping-out TOP for the office final TOP for of Golden breaking milestone component the
Slide 18: Building a Community for Work, Live and Play at CapitaSpring
Building a Community for Work, Live and Play at CapitaSpring Harmonising architecture, technology and nature at work with core and flex office solutions 18-metre media wall with interactive digital art Seamless access with facial recognition, turnstiles Secure bike parking with end-of-trip facilitie
Slide 19: Ushering in a New Era of CQ @ Clarke Quay
Ushering in a New Era of CQ @ Clarke Quay as a Vibrant day-and-night Destination with Completed AEI ► AEI at a total sum of S$62.0 million includes: ▪ The warehouses’ godown typology and facade will be restored to house new concepts in a conserved heritage setting ~ 93% ▪ Alfresco dining areas and c
Slide 20: Strengthening Position of IMM Building as a Regional Outlet Destination
Strengthening Position of IMM Building as a Regional Outlet Destination Sharpen tenant mix to maximise rental yields and enhance shoppers’ experience IMM Building ✓ S$48.0 million AEI for 126,000 sq ft of net lettable area at ground floor to: • Anchor IMM Building as largest outlet mall in Singapore
Slide 21: Upgrading Gallileo For Continued Relevance
Upgrading Gallileo For Continued Relevance; European Central Bank to Take Up 93% of NLA Upon Upgrade Gallileo ✓ Upgrade to modern Grade-A office specifications, including mechanical, electrical and plumbing systems, office lobby and ESG-related works ✓ Target to achieve minimum LEED Gold certificati
Slide 22: Strategic Initiative to Revitalise Workspaces in North Sydney
Strategic Initiative to Revitalise Workspaces and Elevate Office Environment in North Sydney Activation of common spaces and creating vibrant social hubs to support tenants returning to office 101 Miller Street 100 Arthur Street ✓ ~A$9 million transformation of the lobby into a best-in-class communa
Slide 23: Capital Management
Capital Management Raffles City Singapore
Slide 24: Proactive Capital Management
Proactive Capital Management As at As at 31 March 2024 31 December 2023 Aggregate Leverage(1) 40.0% 39.9% Total Borrowings (S$ billion) 9.5 9.5 % of Borrowings on Fixed Interest Rate 76% 78% % of Total Assets that are Unencumbered 93.6% 93.7% Interest Coverage(2) 3.1x 3.1x Average Term to Maturity (
Slide 25: Long Debt Profile with an Average Maturity of 3.8 Years
Long Debt Profile with an Average Maturity of 3.8 Years Debt Maturity Profile(1) S$ million Exclude share of JVs’ borrowings 1,800 Funding sources 15% 15% 1,600 MTN 46% 13% 13% 1,495 1,501 12% 1,400 13% 1,326 Unsecured Bank Loans 47% 1,310 1,240 1,227 1,200 99 285 10% Secured Bank Loans 7% 747 1,015
Slide 26: ESG Focus
ESG Focus Westgate, Singapore
Slide 27: Advancing our Low Carbon Transition
Advancing our Low Carbon Transition Aligned with CapitaLand's commitment to Net Zero by 2050 and elevate carbon emissions reduction target to 1.5°C scenario Progressing towards our 2030 targets ~ 99% of CICT’s portfolio have green rating(1) 2023 Progress 2030 Target NABERS Non-rated Absolute scope 1
Slide 28: Anchored by Strong Governance to Drive Sustainable Performance
Anchored by Strong Governance to Drive Sustainable Performance Board Diversity Board Composition, Independence & New Committee Board Independence Board Gender Diversity 9 Board Members 66.7% Chairman of the Board is an Independent Director 55.6% 33.3% 44.4% Majority of the Directors has served less
Slide 29: Engaging The Community
Engaging The Community Highlights of Community Engagements in 1Q 2024 National Gallery #LoveOurSeniors Photobooth at Plaza Bread Delivery Singapura (13–23 February) (26 March) & Raffles City Singapore (24 February–7 March) CQ Furkids Let’s Get Down to Fiesta at CQ Earth 2024 @ Clarke (18–31 March) Q
Slide 30: Recognition for Sustainability Efforts
Recognition for Sustainability Efforts New GRESB 2023 SIAS Investors Choice Singapore Corporate Singapore Governance Asia, Diversified – Office / Retail, Awards 2023 Awards 2023 and Transparency Listed category REITs and Business Trusts REITs and Business Trusts Index 2023 category category REIT and
Slide 31: CICT's Total Return Performance vs Indexes
CICT’s Total Return Performance vs Indexes Total Returns at 31 Dec 2023 (assuming dividends reinvested(1)) 1-Year 3-Year 5-Year CICT 6.3% 9.1% 14.9% FTSE ST Real Estate Index 0.8% 4.1% 18.7% FTSE ST REIT Index 6.4% 1.2% 24.0% Note: (1) Total return refers to the capital gains (based on the differenc
Slide 32: The End
The End For enquiries, please contact: Ms Ho Mei Peng, Head, Investor Relations Direct: (65) 6713 3668 | Email: ho.meipeng@capitaland.com CapitaLand Integrated Commercial Trust Management Limited (http://www.cict.com.sg) Tel: (65) 6713 2888 | Fax: (65) 6713 2999
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