CapitaLand Integrated Commercial Trust · SGX:C38U

CapitaLand Integrated Commercial Trust — CapitaMall Trust — Merger or Acquisition (October 2005)

24 slides from CapitaLand Integrated Commercial Trust's merger presentation, Oct 18, 2005

  1. Slide 1: Equity Fund Raising for the Acquisition of Parco Bugis Junction

    Equity Fund Raising for the Acquisition of Parco Bugis Junction 18 October 2005

  2. Slide 2: Important Notice

    Important Notice THIS PRESENTATION IS AVAILABLE ONLY TO PERSONS WHO ARE NON-U.S. PERSONS AND PERSONS WITH ADDRESSES OUTSIDE THE U.S., CANADA AND JAPAN The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicit

  3. Slide 3: Important Notice

    Important Notice IF YOU HAVE ACCESSED THIS DOCUMENT ON THE WEBSITE OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED: This document is not intended to be distributed or passed on, directly or indirectly, to any person in the United Kingdom or any other jurisdiction in which such action could not be l

  4. Slide 4: Equity Fund Raising

    Equity Fund Raising Part finance the Parco Bugis Junction Acquisition (“PBJ”)1 Proposed Parco Acquisition Part finance the Jurong Part refinance the bridge loans taken to finance Entertainment Centre the Sembawang Shopping Centre (“SSC”) and (“JEC”)2 Acquisition Hougang Plaza Units3 (“HP”) Acquisiti

  5. Slide 5: Proposed Financing Structure

    Proposed Financing Structure Equity Fund Raising Debt Financing S$405.9 mil1 S$433.0 mil Part refinance SSC Parco Acquisition JEC Acquisition and HP bridging S$588.1 mil S$69.0 mil2 loans S$123.0 mil Finance the “Seiyu Issuance Expenses Working Capital Transaction”4 S$15.4 mil3 S$17.4 mil S$26.0 mil

  6. Slide 6: Issue Price of New Units

    Issue Price of New Units $2.40 $2.39 $2.38 $2.36 $2.35 $2.34 -$0.04 $2.33 $2.32 -$0.02 Price $ $2.30 $2.28 $2.26 $2.24 $2.22 $2.20 VWAP Accrued ATM & Private Preferential Preferential Price Distribution Placement Offering Offering Issue 17 Oct 2005 Discount1 Issue Price Discount Price ƒ New Units el

  7. Slide 7: Attractive Yield with Growth Potential

    Attractive Yield with Growth Potential Yield Comparison 5.0% 4.7% 4.4% 4.4% 4.5% 4.0% 3.5% 3.0% 3.0% 2.5% Yield % 2.5% 2.0% 1.5% 1.0% 0.8% 0.5% 0.0% CMT CMT STI Dividend 10 Yr Government CPF Ordinary Singapore Dollar (Existing 1, 2 Entire Porfolio 1, 3 Yield 4 Bond 5 Account 6 12-Month Fixed Propert

  8. Slide 8: Equity Fund Raising Structure

    Equity Fund Raising Structure 173.4 million New Units at S$2.35 per ATM and Private Placement Unit and at S$2.33 per Preferential Offering Unit Private Placement 40.5% Preferential Offering 44.8% ATM Offering 14.7% ƒ Placement of 173.4 million New Units via: - Preferential Offering 77.6 m - ATM Offe

  9. Slide 9: Preferential Offering

    Preferential Offering The Equity Fund Raising 173.4 m Units Preferential Offering ATM Offering Private Placement 77.6 m Units 25.5 m Units 70.3 m Units ƒ Preferential Offering Issue Price is at a 0.85% discount to the ATM and Private Placement Issue Price ƒ “1-for-10” Non-Renounceable Preferential O

  10. Slide 10: ATM Offering

    ATM Offering The Equity Fund Raising 173.4 m Units Preferential Offering ATM Offering Private Placement 77.6 m Units 25.5 m Units 70.3 m Units ƒ Public subscription for 25.5 million New Units ƒ Available only at DBS (including POSB) ATMs ƒ “First-come, first-served” basis ƒ Cash and/or CPF funds ƒ M

  11. Slide 11: Private Placement

    Private Placement The Equity Fund Raising 173.4 m Units Preferential Offering ATM Offering Private Placement 77.6 m Units 25.5 m Units 70.3 m Units ƒ Private Placement to retail and institutional investors through DBS Bank, UBS Investment Bank1 and designated placement agents Notes: 1 UBS AG, acting

  12. Slide 12: Key Dates and Time

    Key Dates and Time The Equity Fund Raising 173.4 m Units Preferential Offering ATM Offering Private Placement 77.6 m Units 25.5 m Units 70.3 m Units OPENING OPENING OPENING 19 October 2005 19 October 2005 18 October 2005 at 9.00 am at 12 noon CLOSING CLOSING CLOSING Upon full Form - 25 October Expec

  13. Slide 13: Recent Developments

    Cap/taMall P Trust Recent Developments

  14. Slide 14: Parco Bugis Junction

    Cap/taMall P Trust Parco Bugis Junction

  15. Slide 15: Unlocking Value from Seiyu's Master Lease

    Unlocking Value from Seiyu’s Master Lease 9 The Manager announced this morning that it had entered into an agreement with Seiyu (Singapore) Private Limited (the “Lessee”) for the surrender of 74,299 square feet of Net Lettable Area (“NLA”) at Parco Bugis Junction retail mall by the Lessee to CMT (th

  16. Slide 16: Unlocking Value from Seiyu's Master Lease

    Unlocking Value from Seiyu’s Master Lease Market Rental1 Food Court S$8-10 psf/mth Supermarket S$6-8 psf/mth Specialty Kiosks S$30-40 psf/mth Departmental Store S$4-5 psf/mth Note: 1 Based on Manager’s estimates 16

  17. Slide 17: Unlocking Value from Seiyu's Master Lease

    Unlocking Value from Seiyu’s Master Lease Market Rental1 Prime Specialty Units S$20-30 psf/mth Note: 1 Based on Manager’s estimates 17

  18. Slide 18: Unlocking Value from Seiyu's Master Lease

    Unlocking Value from Seiyu’s Master Lease Estimated Additional Rental Revenue per annum which Seiyu is Currently Earning from the Sub-letting S$3.94 mil Estimated Additional Net Property Income per annum approximately 80% margin) S$3.16 mil Parco Bugis Junction Nov – Dec 2005 FY2006 Before the Seiyu

  19. Slide 19: Proposed Funding Structure and DPU Increase

    Proposed Funding Structure and DPU Increase Take-Back a portion of Debt Financing Seiyu Master Lease For S$26 mil1 With the additional debt drawndown, CMT’s gearing is expected to increase from 31.7% to 32.3% 2005 (annualised) FY2006 Original DPU Forecast2 10.64 10.88 Updated DPU Forecast3 10.81 11.

  20. Slide 20: Sembawang Shopping Centre

    Cap/taMall P Trust Sembawang Shopping Centre

  21. Slide 21: Sembawang Shopping Centre

    Sembawang Shopping Centre 9 The Manager is also pleased to announce that it has obtained approval from Urban Redevelopment Authority to convert 45,267 square feet of residential Gross Floor Area (“GFA”) to retail GFA at Sembawang Shopping Centre 9 Sembawang Shopping Centre, a 999-year leasehold reta

  22. Slide 22: Sembawang Shopping Centre

    Sembawang Shopping Centre Existing Residential GFA Proposed Basement Proposed Level 1 22

  23. Slide 23: Thank You

    Thank You Cap/taMall P Trust

  24. Slide 24: Contact Information

    Contact Information CapitaMall Trust Management Limited 39 Robinson Road, #18-01 Robinson Point Singapore 068911 Tel: (65)-6536 1188 Fax: (65)-6536 3884 http://www.capitamall.com 24

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