CapitaLand China Trust · SGX:AU8U
CapitaLand China Trust — CapitaLand Retail China Trust — Shareholder Meeting (April 2016)
28 slides from CapitaLand China Trust's shareholder meeting presentation, Apr 11, 2016
Slide 1: CapitaLand Retail China Trust Annual General Meeting 2016
CapitaLand Retail China Trust Singapore’s First Listed China Shopping Mall REIT Annual General Meeting 2016 0 11M eeting Annual General April 2016 2016*11 April 2016*
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. 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 assumpti
Slide 3: Contents
Contents • Financial Highlights & Capital Management • Business Highlights CapitaMall Wangjing, Beijing • Corporate Social Responsibility • Going Forward • 2016 Annual General Meeting CapitaMall Qibao, Shanghai 2 Annual General M eeting 2016 *11 April 2016*
Slide 4: Financial Highlights & Capital Management
Financial Highlights & Capital Management 3 Annual General M eeting 2016 *11 April 2016* CapitaMall Wangjing, Beijing, China
Slide 5: Steady and Resilient Performance
Steady and Resilient Performance Gross Revenue Net Property Income Distributable Income Distribution Per Unit (S$’mil) (S$’mil) (S$’mil) (S¢) 8.4% 6.6% 10.3% 7.9% 220.3 203.3 132.4 141.1 89.2 80.9 9.82 10.60 FY 2014 FY 2015 4 Annual General M eeting 2016 *11 April 2016*
Slide 6: Good Track Record Since IPO
Good Track Record Since IPO Total return1 of ~100% since IPO 300 10.60 12.00 9.54 9.82 250 8.70 9.02 10.00 8.14 8.36 7.53 200 6.72 8.00 132.4 141.1 150 6.00 99.7 103.0 100 77.1 77.2 85.8 4.00 69.5 46.5 50 2.00 0 - 2007 2008 2009 2010 2011 2012 2013 2014 2015 Net Property Income (S$ mil) Distribution
Slide 7: Robust Balance Sheet & Financial Ratios
Robust Balance Sheet & Financial Ratios Proactive capital management & financial flexibility to support our business growth Adjusted NAV Per Unit Aggregate Leverage Average Cost of Debt S$1.72 27.7% 2.99% 31 Dec 2014: S$1.58 31 Dec 2014: 28.7% 31 Dec 2014: 3.32% Unencumbered Assets Interest Coverage
Slide 8: Well-Spread Debt Maturity Profile
Well-Spread Debt Maturity Profile S$' million CapitaMall Grand Canyon - 800 S$707.1 mil2 Secured Onshore Term Loan1 Excluding RMB denominated loans, Variable fixed rate ~ 83.7% Rate Trust - Unsecured Money 600 25.7% Market Line Refinanced S$100 mil of term Fixed Trust - Unsecured Offshore 400 loan a
Slide 9: Attractive Yield
Attractive Yield Based on historical gross dividend yield of past 12 months 8% 7.3% 6.3% 6% 4.7% 4.2% 4% 2.9% 2.5% 1.8% 2% 0.4% 0% 1 3 CRCT Yield Singapore 10- China 10- FSSTI Yield FSTRE Yield 4 FSTREI Yield5 CPF Ordinary 12-month year Govt year Govt Account6 Fixed (S$) Bond Yield 2 Bond Yield 2 De
Slide 10: Business Highlights
Business Highlights 9 Annual General M eeting 2016 *11 April 2016* CapitaMall Qibao, Shanghai, China
Slide 11: Harnessing Strengths. Optimising Potential.
Harnessing Strengths. Optimising Potential. • Robust & Resilient Portfolio Excellent connectivity & easily accessible Focus on fulfilling the daily needs of the growing middle-income population catchments Well established among the catchment areas Proactive and disciplined mall management ap
Slide 12: Solid Assets Contributing to Strong Growth
Solid Assets Contributing to Strong Growth 78% of NPI contributed by multi-tenanted malls in FY 2015 NPI (RMB’mil) 499 500 365 371 306 209 227 245 101 2007 2008 2009 2010 2011 2012 2013 2014 2015 11 Annual General M eeting 2016 *11 April 2016*
Slide 13: Strong Net Property Income Growth from Multi-Tenanted Malls
Strong Net Property Income Growth from Multi-Tenanted Malls CapitaMall Qibao, CapitaMall Wangjing, CapitaMall Grand Canyon, Shanghai Beijing Beijing 11.2% 7.8% 7.8% 154.8 93.3 46.2 143.6 86.6 41.5 12 FY 2014 NPI Annual (RMB'mil) FYApril General M eeting 2016 *11 2015 NPI (RMB'mil) 2016*
Slide 14: Reinforcing Lifestyle Concept at CapitaMall Qibao
Reinforcing Lifestyle Concept at CapitaMall Qibao • Recovered a large space (~4,000 sqm) at Level 3 from a gym operator • Brought in Rucker Park – specialises in providing sports facilities like futsal and basketball • Reconfigured part of the recovered area for the expansion needs of existing tenan
Slide 15: CapitaMall Wangjing – Performance Uplift with Tenant Adjustments
CapitaMall Wangjing – Performance Uplift with Tenant Adjustments at Tower Block • Reconfigured Level 6 and 7 and brought in 4 new dining concepts – Sunshine Kitchen, City Garden, Bai Nian Xi Bin and Shuimu Jintang Teppanyaki Rental up 114% and tenants’ sales grew 129% • Existing gym tenant, Le Wel
Slide 16: CapitaMall Minzhongleyuan – Road Closure Update
CapitaMall Minzhongleyuan – Road Closure Update • Construction of a major subway Line B 6 Future interchange for Line 2 & Line 6 (linking Hankou, • CapitaMall Minzhongyuan will be in Hanyang & Wuchang) close proximity between 2 subway stations • Jianghan Road station (point B) will be an interchange
Slide 17: CapitaMall Minzhongleyuan – Enhance Shopping Ambience
CapitaMall Minzhongleyuan – Enhance Shopping Ambience Created 2 theme zones at Level 2 to complement the tenants’ offerings S Garden: Beauty & Wellness zone 16 M City: Men’s Fashion zone Annual General M eeting 2016 *11 April 2016*
Slide 18: Asset Enhancement Initiatives
Asset Enhancement Initiatives 17 Annual General M eeting 2016 *11 April 2016* CapitaMall Xizhimen, Beijing, China
Slide 19: CapitaMall Wangjing’s Façade Rejuvenation
CapitaMall Wangjing’s Façade Rejuvenation Commenced renovation work in Oct 2015 & target to complete in 2Q 2016 18 Annual General M eeting 2016 *11 April 2016*
Slide 20: CapitaMall Saihan – Commencement of Façade Upgrading
CapitaMall Saihan – Commencement of Façade Upgrading Commenced renovation work in Mar 2016 & target to complete in 3Q 2016 19 CapitaMall Saihan’s new façade (artist’s impression) Annual General M eeting 2016 *11 April 2016*
Slide 21: CapitaMall Grand Canyon – Upgrading of Common Area Facilities
CapitaMall Grand Canyon – Upgrading of Common Area Facilities • Car park flooring upgrade Completed the upgrading works in 4Q 2015 • Installation of LED lights Installed energy-saving LED lights at common areas, toilets and car park • Renovation of toilets Completed levels 2 and 3; Levels 4 an
Slide 22: Corporate Social Responsibility
Corporate Social Responsibility 21 Annual General M eeting 2016 *11 April 2016*
Slide 23: Doing Our Part for the Community and Environment
Doing Our Part for the Community and Environment CapitaMall Saihan: Book CapitaMall Qibao: Earth Hour My Schoolbag 2015 Donation Drive 2015 CapitaMall Grand Canyon: Pet CapitaMall Saihan: Mongolia CapitaMall Wangjing: Fire Safety Adoption Drive Cultural Week Awareness Programme 22 Annual General M e
Slide 24: Going Forward
Going Forward 23 Annual General M eeting 2016 *11 April 2016* CapitaMall Xizhimen , Beijing, China
Slide 25: Going Forward
Going Forward • During the National People’s Congress held in March 2016, Premier Li announced the 2016’s growth target to be 6.5% to 7.0% • The Chinese government will focus on encouraging innovation to drive new growth engines, creating new jobs and ensuring personal income growth • Proactive mana
Slide 26: 2016 Annual General Meeting
2016 Annual General Meeting 25 Annual General M eeting 2016 *11 April 2016* CapitaMall Grand Canyon, Beijing, China
Slide 27: Resolutions
Resolutions Resolution 1: To receive and adopt the Trustee’s Report, the Manager’s Statement, the Audited Financial Statements of CRCT for the financial year ended 31 December 2015 and the Auditors’ Report thereon. (Ordinary Resolution) Resolution 2: To re-appoint KPMG LLP as Auditors of CRCT and au
Slide 28: Thank You
Thank You 27 Annual General M eeting 2016 *11 April 2016*
CapitaLand Retail China Trust — Shareholder Meeting (April 2016) on 6ix