Singapore Exchange Ltd. · SGX:S68

Singapore Exchange — Lippo Malls Indonesia Retail Trust — Q1 2015 Earnings Presentation

17 slides from Singapore Exchange's earnings presentation, May 7, 2015

  1. Slide 1: Lippo Malls Indonesia Retail Trust 1Q 2015 Results Presentation

    Strictly confidential Lippo Malls Indonesia Retail Trust 1Q 2015 Results Presentation 7 May 2015

  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 2015 Results

    Key Highlights of 1Q 2015 Results  YTD Gross Rental Income increased by 25.5 % in IDR term 1Q 2015  1Q 2015 DPU of 0.79 is higher than 4Q 2014 Results  1Q 2015 DPU represents an annual yield of 9.2%  Majority of LMIR Trust’s asset portfolio remained unencumbered Financial  Weighted Average Matu

  4. Slide 4: Performance Summary

    Performance Summary Value of AUM (in IDR billion)

  5. Slide 5: Financial Results

    COPY FOR ASTRA INTERNATIONAL Financial Results 5 5

  6. Slide 6: 1Q 2015 Financial Results – P&L (in IDR)

    1Q 2015 Financial Results – P&L (in IDR) 1Q 2015 1Q 2014 Variance (%) (IDR million) (IDR million) Gross Rent 324,554 258,568 25.5% Rental Guarantee Income - 3,678 NA Other Income 6,854 7,189 -4.7% Net Parking Income 47,147 23,873 97.5% Rental of electrical, mechanical and mall operating equipment 8,

  7. Slide 7: 1Q 2015 Financial Results – P&L (in S$)

    1Q 2015 Financial Results – P&L (in S$) 1Q 2015 1Q 2014 Variance (%) (S$'000) (S$'000) Gross Rent 34,521 27,911 23.7% Rental Guarantee Income - 397 NA Other Income 729 776 -6.1% Net Parking Income 5,015 2,577 94.6% Rental of electrical, mechanical and mall operating equipment 938 1,209 -22.4% Total

  8. Slide 8: 1Q 2015 Financial Results – Balance Sheet (in S$)

    1Q 2015 Financial Results – Balance Sheet (in S$) 31-Mar-15 31-Dec-14 S$ million S$ million 1 2 Non Current Assets 1,822.1 1,845.9 Current Assets 170.6 171.6 Total Debt 630.0 630.0 Other liabilities 229.7 237.8 Net Assets 1,133.0 1,149.7 Net Asset Value S$ 0.42 S$ 0.42 Total Units in issue 2,716.4 2

  9. Slide 9: Distribution Details 01 Jan 2015 – 31 Mar 2015

    Distribution Details 01 Jan 2015 – 31 Mar 2015 Total DPU 0.79 cents - Tax-Exempt 0.43cents - Capital 0.36 cents Books Closure Date 15 May 2015 Tentative Distribution Payment Date 29 May 2015 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income 8

  10. Slide 10: Portfolio Performance

    COPY FOR ASTRA INTERNATIONAL Portfolio Performance 10 10

  11. Slide 11: Diversified Trade Mix

    Diversified Trade Mix As at 31 Mar 2015 Trade Sector Breakdown by Rental Income 11

  12. Slide 12: Diversified Trade Mix

    Diversified Trade Mix As at 31 Mar 2015 Trade Sector Breakdown by NLA 12

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

    Top 10 Tenants By Gross Rental Income As at 31 Mar 2015, includes retail space  Top 10 tenants contribute approximately 23.0% of LMIRT Retail Mall Portfolio’s Gross Rental Income 13

  14. Slide 14: Lease Expiry Profile

    Lease Expiry Profile As at 31 Mar 2015 Weighted Average Lease Expiry (by NLA) as at 31 Mar 2015: 4.90 years  LMIRT’s portfolio lease terms represent a balanced mix of long-term anchor leases and shorter-term leases for non-anchor tenants, providing both stability and growth potential 14

  15. Slide 15: Debt Maturity Profile

    Debt Maturity Profile As at 31 Mar 2015 Weighted Average Maturity of Debt Facilities as at 31 Mar 2015: 1.86 years 1 3 2 5 4 Notes: 1 S$ 200 million 4.88% fixed rate note (EMTN Program) due July 2015 (All in cost of debt: 5.8%) 2 S$ 150 million 4.25% fixed rate note (EMTN Program) due October 2016 (

  16. Slide 16: Rental Reversion Trend

    LMIR TRUST Rental Reversion Trend Urronnes ineonesie rerio sT 50,000 75.0% 45,628 45,000 | 65.0% 40,000 + 55.0% 35,000 30,000 r 45.0% 25,000 + 35.0% 20,000 16,238 16,455 — 17,650 | 25.0% 15,000 + 9,603 11.257 aos 10,601 "10,117 + 15.0% 5 9,335 10,000 6,290 5,000 | + 5.0% 04 + -5.0% 3Q10 4010 1Q11 2Q

  17. Slide 17: Our Value Proposition

    Our Value Proposition  1Q2015 Net Property Income of S$39.0 million  1Q2015 Distributable Income of S$21.5 million  1Q2015 DPU of 0.79 cents equivalent to annualized DPU yield of 9.2%  Portfolio occupancy rate stood at 94.2%, remained higher than the industry average  As at 31 March 2015, LMIRT

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