Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q1 2016 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, May 3, 2016

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

    Lippo Malls Indonesia Retail Trust 1Q 2016 Results Presentation 3 May 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 1Q 2016 Results

    Key Highlights of 1Q 2016 Results  YTD Gross Rental Income increased by 9.6% in IDR term 1Q 2016  1Q 2016 DPU of 0.83 cents is higher than 4Q 2015 of 0.81 cents Performance  1Q 2016 DPU represents a yield of 10.2%1  Weighted Average Maturity of debt facilities was 2.18 years2 Financial  Outstan

  4. Slide 4: Performance Summary for 1Q 2016

    Performance Summary for 1Q 2016 Value of AUM (IDR billion) Gross Rent (IDR million) 20,000 17,764 360,000 18,000 17,257 355,763 16,000 13,769 13,574 350,000 14,000 12,000 10,667 340,000 10,000 8,000 330,000 324,554 6,000 320,000 4,000 2,000 310,000 - 2011 2012 2013 2014 2015 300,000 Q1 2015 Q1 2016

  5. Slide 5: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 5 5

  6. Slide 6: 1Q 2016 Financial Results – P&L (in IDR)

    1Q 2016 Financial Results – P&L (in IDR) 1Q 2016 1Q 2015 Variance (IDR million) (IDR million) Gross Rent 355,763 324,552 9.6% Other Income 5,556 6,854 -18.9% Parking Income 61,098 54,380 12.4% Rental of Electrical, Mechanical, and Mall Operating 13,672 8,756 56.1% Equipment Total Revenue 436,089 394

  7. Slide 7: 1Q 2016 Financial Results – P&L (in S$)

    1Q 2016 Financial Results – P&L (in S$) 1Q 2016 1Q 2015 Variance (S$ ‘000) (S$ ‘000) Gross Rent 37,141 34,521 7.6% Other Income 577 737 -21.7% Parking Income 6,379 5,784 10.3% Rental of Electrical, Mechanical, and Mall Operating 1,427 930 53.4% Equipment Total Revenue 45,524 41,972 8.5% Property Man

  8. Slide 8: 1Q 2016 Financial Results – Balance Sheet (in S$)

    1Q 2016 Financial Results – Balance Sheet (in S$) 31 March 2016 31 December 2015 S$ million S$ million 1 2 Non Current Assets 1,825.6 1,837.3 Current Assets 119.4 150.5 Total Debt 695.0 695.0 Other Liabilities 187.9 217.7 Net Assets 1,062.1 1,075.1 Net Asset Value S$ 0.38 S$ 0.38 Total Units In Issu

  9. Slide 9: Distribution Details

    Distribution Details 1 January 2016 – 31 March 2016 Total DPU 0.83 cents - Tax-Exempt 0.53 cents - Capital 0.30 cents Books Closure Date 11 May 2016 Tentative Distribution Payment Date 26 May 2016 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income

  10. Slide 10: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 10 10

  11. Slide 11: Diversified Trade Mix: Breakdown by Rental Income

    Diversified Trade Mix As at 31 March 2016 Trade Sector Breakdown by Rental Income 1.5% Department Store (Retail Spaces) 2.4% 5.8% Department Store (Retail Malls) 9.6% Fashion Books & Stationary 9.4% Hobbies Education / School 17.8% Supermarket / Hypermarket Other Sports & Fitness Toys 16.2% Leisure

  12. Slide 12: Diversified Trade Mix: Breakdown by NLA

    Diversified Trade Mix As at 31 March 2016 Trade Sector Breakdown by NLA 0.8% Department Store (Retail Spaces) 4.2% Department Store (Retail Malls) 3.1% 11.6% Fashion Books & Stationary 10.4% Hobbies 0.5% Education / School 0.4% 15.0% Supermarket / Hypermarket 4.0% Other Sports & Fitness Toys Leisure

  13. Slide 13: Top 10 Tenants By Gross Rental Income

    Top 10 Tenants By Gross Rental Income As at 31 March 2016, includes retail space GIANT SUPERMARKET 0.4% ACE HARDWARE 0.4% ELECTRONIC SOLUTION 0.5% CINEMA 21 0.5% FITNESS FIRST 0.6% SOLARIA 0.6% GRAMEDIA 0.7% CARREFOUR 3.6% HYPERMART 6.0% MATAHARI DEPARTMENT STORE 9.4% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6

  14. Slide 14: Lease Expiry Profile

    Lease Expiry Profile As at 31 March 2016 Weighted Average Lease Expiry (by NLA) as at 31 March 2016: 4.92 years 45% 40% 39% 35% 30% 25% 24% 20% 15% 12% 10% 9% 7% 5% 0% 2016 2017 2018 2019 >2020  LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter-term lease

  15. Slide 15: Debt Maturity Profile

    Debt Maturity Profile As at 31 March 2016 Weighted Average Maturity of Debt Facilities as at 31 March 2016: 2.18 years 4 1 5 2 6 3 7 Notes: 1 S$ 150 million 4.25% fixed rate note (EMTN Program) due October 2016 (All in cost of debt: 4.99%) 2 S$ 50 million 5.875% fixed rate note (EMTN Program) due Ju

  16. Slide 16: Rental Reversion Trend

    Rental Reversion Trend As at 31 March 2016 50,000 75.0% 45,628 45,000 65.0% 40,000 36,026 55.0% 35,000 30,606 45.0% 30,000 26,542 24,764 25,115 25,000 22,072 22,906 35.0% 20,920 19,039 20,000 17,650 16,238 16,455 16,094 25.0% 25.7% 27.1% 15,168 15,000 13,598 11,970 22.9% 10,117 11,257 15.0% 6,290 9,

  17. Slide 17: Our Value Proposition

    Our Value Proposition  1Q2016 Net Property Income of S$40.8 million  1Q2016 Distributable Income of S$23.2 million  1Q2016 DPU of 0.83 cents contributes to annualized DPU yield of 10.2%  Portfolio occupancy rate stood at 94.7%, remained higher than the industry average  As at 31 March 2016, LMI

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