Bhg Retail Reit · SGX:BMGU
Bhg Retail Reit — H1 2025 Earnings Presentation
28 slides from Bhg Retail Reit's earnings presentation, Aug 7, 2025
Slide 1: BHG Retail REIT 1H 2025 Results Presentation
BHG Retail REIT 1H 2025 Results Presentation 7 August 2025
Slide 2: Content
Content ▪ 1H 2025 Key Highlights ▪ Financial Update ▪ Portfolio Update ▪ Looking Forward Photo of Hefei Mengchenglu 2
Slide 3: 1H 2025 Key Highlights
1H 2025 Key Highlights 28.1 15.0 0.22 (SGD million) (SGD million) (SGD cents) Gross Revenue Net Property Income in Distribution per Unit in in 1H 2025 1H 2025 1H 20251 95.1% 41.7% Revitalising Tenancies Portfolio Gearing2 Enhancing Experiences Occupancy2 +5.3% +4.7% +5.0% China GDP Disposable China
Slide 4: Financial Update
Financial Update Photo of Beijing Wanliu
Slide 5: 1H 2025 Financial Update
1H 2025 Financial Update Gross Revenue Net Property Income Gross Revenue Net Property Income 1H 2025 1H 2025 SGD million SGD million 28.1 15.0 SGD million SGD million 31.3 28.1 Amount to be distributed Distribution per Unit1 to Unitholders1 1H 2025 17.9 15.0 1H 2025 0.22 1.1 SGD cents SGD million 1H
Slide 6: 1H 2025 Distribution Payment
1H 2025 Distribution Payment Distribution Details Distribution Period 1 January 2025 to 30 June 2025 Distribution Per Unit (SGD) 0.22 cents per unit Distribution Timetable Ex-Date 19 August 2025 Books Closure Date 20 August 2025 Payment Date 26 September 2025 6
Slide 7: Balance Sheet and Capital Management
Balance Sheet and Capital Management Balance Sheet (SGD million) As at 30 June 2025 Investment Properties 839.8 Total Assets 871.0 Total Liabilities 375.6 Net Assets 495.4 Net Asset Value Per Unit1 (SGD) 0.65 Gearing As at 30 June 2025 ▪ Approximately 80% of borrowings are with Debt Headroom for Gro
Slide 8: Portfolio Update
Portfolio Update Photo of Chengdu Konggang
Slide 9: Portfolio Overview
Portfolio Overview MULTI-TENANTED Dalian Beijing Xining Chengdu Hefei Multi-tenanted Master-leased Beijing Wanliu Hefei Mengchenglu MASTER-LEASED Chengdu Konggang Hefei Changjiangxilu Xining Huayuan Dalian Jinsanjiao 9
Slide 10: Portfolio Overview
Portfolio Overview1 6 4,729.0 179,242 95.1% 4.4 Years Properties (RMB million) Net Lettable Area Committed Weighted Ave. Valuation2 (NLA) sqm Occupancy Rate Lease Expiry by NLA Beijing Chengdu Hefei Hefei Xining Dalian Wanliu Konggang Mengchenglu Changjiangxilu Huayuan Jinsanjiao Valuation2 2,557.03
Slide 11: Lease Expiry Profile
Lease Expiry Profile Weighted Average Lease Expiry (WALE) as at 30 June 2025 By Gross Rental Income: 2.7 years By Committed NLA: 4.4 years Lease Expiry Profile as at 30 June 2025 39.9% By Gross Rental Income By Committed NLA 30.8% 28.1% 20.1% 20.2% 18.1% 11.4% 12.4% 5.3% 6.3% 4.2% 3.2% FY2025 FY2026
Slide 12: Diversified Tenant Mix
Diversified Tenant Mix Close to 65% of Gross Rental Income and 62% of Net Lettable Area from experiential segment (exclude fashion & accessories) Multi-tenanted Malls (As at 30 June 2025) Breakdown of Gross Rental Income by Trade Sector Breakdown of Net Lettable Area by Trade Sector F&B 21.6% F&B Fa
Slide 13: Revitalising Tenancies Enhancing Experiences
Revitalising Tenancies Enhancing Experiences Photo of Hefei Mengchenglu
Slide 14: New Tenants In Our Malls (Electronics & Lifestyle)
New Tenants In Our Malls (Electronics & Lifestyle) Vivo Store Love Return (Second-hand Shop) Hummingbird Quick Cut Vivo 商店 爱回收 蜂鸟快剪 @ Beijing Wanliu @ Beijing Wanliu @ Beijing Wanliu Honor Store Xiao Mi Store Tea Beauty Sportswear 荣耀商店 小米商店 Tea Beauty 运动服饰 @ Beijing Wanliu @ Hefei Mengchenglu @ Beij
Slide 15: New Tenants In Our Malls (Children’s Category and F&B)
New Tenants In Our Malls (Children’s Category and F&B) Stan Bear Family Escape Room Comic Society Country Style Restaurant 斯坦熊亲子密室 游漫社 乡村基 @ Beijing Wanliu @ Hefei Mengchenglu @ Beijing Wanliu Yi Jing Yi Dong Chess Academy Ideas Valley Gift Shop Domino’s Pizza 弈静弈动围棋学院 灵感谷 达美乐比萨 @ Beijing Wanliu @ H
Slide 16: Engaging Communities Creating Lasting Memories
REFRESH, REJUVENATE, RE-ENERGISE Engaging Communities Creating Lasting Memories ▪ Customers continue to desire social interactions and physical events ▪ We continued to engage with surrounding communities through various physical events during the year Photo of Chengdu Konggang
Slide 17: Engaging Shoppers and Communities
Engaging Shoppers and Communities Pet Fashion Show Pet Adoption Drive Free TCM Health Check 宠爱超有形 选择领养 中医免费检查 @ Beijing Wanliu @ Chengdu Konggang @ Chengdu Konggang 5.20 Valentine’s Day Dance Competitions Stay Cool & Shop 520 网络情人节 舞蹈比赛 冷空气研究所 @ Chengdu Konggang @ Chengdu Konggang @ Hefei Mengchengl
Slide 18: Children & Family Activities
Children & Family Activities Dumpling Making Workshop Family Sports Day 6.1 Children’s Day 粽子制作班 亲子运动会 61 儿童节 @ Beijing Wanliu @ Beijing Wanliu @ Hefei Changjiangxilu Burger Making Workshop Celebrating Dragonboat Festival Children’s Basketball Competition 汉堡制作班 庆祝端午节 儿童篮球比赛 @ Chengdu Konggang @ Hefe
Slide 19: Our Sustainability Journey
Our Sustainability Journey Environmental, Social and Governance (ESG)
Slide 20: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Background ▪ We are cognisant of ESG issues that are relevant for BHG Retail REIT and our stakeholders ▪ Proactively strive to consider and address these ESG issues during our business strategy formulation ▪ Started annual sustainability reporting and issue
Slide 21: Our Sustainability Journey: Environmental
Our Sustainability Journey: Environmental Energy Efficiency Water Management Established energy savings plan to ensure energy efficiency ▪ Implemented practices to control and manage through lighting management efforts and optimisation of air- water wastage such as: conditioning system output, such
Slide 22: Our Sustainability Journey: Social (CSR Initiatives)
Our Sustainability Journey: Social (CSR Initiatives) Pet Adoption 宠物回家 Community Hearing Test 社区听力检测 Chengdu Konggang Hefei Changjiangxilu Lei Feng Community Giving Day 雷锋社区献爱心日 Giving Back at the Dog Shelter 关怀流浪狗 Beijing Wanliu REIT Manager 22
Slide 23: Our Sustainability Journey: Governance
Our Sustainability Journey: Governance Awards Results Year 1 Best Retail REIT (for companies with less than US$500 Platinum 2024 million in market capitalisation) Asia Pacific Best of the Breed REITs Awards 2024TM 2 Best Investor Relations Gold 2024 Asia Pacific Best of the Breed REITs Awards 2024TM
Slide 24: Looking Forward
Looking Forward Photo of Beijing Wanliu
Slide 25: China Macroeconomic Outlook
China Macroeconomic Outlook China 1H 2025 GDP ▪ China’s 1H 2025 gross domestic product1 (“GDP”) grew 5.3% year-on-year to RMB 66.05 trillion1. Disposable income per capita of urban residents grew Growth +5.3% 4.7% year-on-year in 1H 2025. (year-on-year) ▪ Retail sales of consumer goods increased 5%
Slide 26: Looking Forward
Looking Forward The Manager remains focused and committed to proactively manage the existing portfolio, as well as to pursue growth Creating Organic Value Pursuing Acquisition Growth Proactive Asset Management ▪ We will continue to explore acquisition opportunities in ▪ Reinforce community positioni
Slide 27: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may constitute “forward- looking” statements (including forward-looking financial information). Actual future performance, outcomes and results may differ materially from those expressed i
Slide 28: Thank you
For further information and enquiries: Thank you BHG Retail Trust Management Pte. Ltd. Contact: (65) 6805 8288 Email: ir@bhgreit.com Website: http://www.bhgreit.com 28