Capitaland Ascott Trust · SGX:HMN
Capitaland Ascott Trust — Shareholder Meeting (April 2023)
25 slides from Capitaland Ascott Trust's shareholder meeting presentation, Apr 18, 2023
Slide 1: Annual General Meeting
CapitaLand Ascott Trust Annual General Meeting 18 April 2023
Slide 2: Important Notice
Important Notice This presentation may contain forward-looking statements. 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 assumptions. Representative examples of these factor
Slide 3: Table of Content
Table of Content 01 Overview of CLAS 02 FY 2022 Highlights 03 Looking Ahead Citadines Citadines CentralCentral Shinjuku Shinjuku Tokyo Tokyo
Slide 4: Overview of CLAS
Overview of CLAS Citadines Connect Sydney Airport
Slide 5: Largest Lodging Trust in Asia Pacific
Largest Lodging Trust in Asia Pacific Constituent of FTSE EPRA Nareit Global Developed Index China The United Kingdom 5 properties S$8.0b 4 properties Total Assets South Korea Belgium 2 properties The United States of America 2 properties 11 properties1 Spain Japan >18,000 1 1 property 30 properties
Slide 6: CapitaLand Ascott Trust’s Positioning
CapitaLand Ascott Trust’s Positioning Committed to delivering sustainable returns to Stapled Securityholders Geographical Allocation Target Asset Allocation Predominantly in Asia Pacific Stable Income 25-30% in longer-stay Base from Global in accommodation Remainder in Europe/USA Longer-stay Presenc
Slide 7: Commitment to Sustainability & Corporate Governance
Commitment to Sustainability & Corporate Governance Aligned with CapitaLand’s 2030 Sustainability Master Plan Accolades & Awards Constituent of Global Sector Leader Best Investor Relations (Listed – Hotel) Ranked 1st – Gold Best Annual Report • iEdge-UOB APAC Yield Focus Only hospitality trust in AP
Slide 8: FY 2022 Highlights
FY 2022 Highlights lyf one-north Singapore
Slide 9: FY 2022 Performance and Portfolio Highlights
FY 2022 Performance and Portfolio Highlights Building a stronger portfolio, delivering higher distributions Demonstrating Strong recovery from COVID-19 Active portfolio reconstitution financial strength and discipline Continued recovery in distribution per Building a balanced mix of stable and Maint
Slide 10: Strong Recovery Across Most Key Markets
Strong Recovery Across Most Key Markets Strong recovery Portfolio RevPAU rose 74% y-o-y in FY 2022; reached pre-COVID 4Q 2019 pro forma1 levels in 4Q 2022 Australia China Japan Serviced Residences France RevPAU (AUD) RevPAU2 (RMB) RevPAU (JPY) (All master leases) 200 400 12,000 On a same-store basis
Slide 11: Investment & Portfolio Reconstitution Strategy
Investment & Portfolio Reconstitution Strategy Strong recovery With its healthy financial position, CLAS has the flexibility to reconstitute and enhance its portfolio to drive sustainable returns Portfolio reconstitution Opportunistic Investing in Development divestments to quality hospitality proje
Slide 12: Creating Value for Stapled Securityholders
Creating Value for Stapled Securityholders Strong recovery Distribution income from the investments over the past three years more than replaced the distribution income lost from the divested properties Portfolio reconstitution FY 2020 and FY 2021 FY 2021 FY 2022 • c.S$580 mil in proceeds from the •
Slide 13: Acquisition of S$318.3 mil in Assets to Strengthen Presence in Key Markets
Acquisition of S$318.3 mil in Assets to Strengthen 1 Strong recovery Presence in Key Markets Growing total assets and increasing proportion of stable income Acquisition of 3 serviced residences, 5 rental housing properties and additional 45% stake in Standard at Columbia from Sponsor 3.0% DPS accret
Slide 14: Entered Into S$207.6 mil in Turnkey Longer-stay Acquisitions
Entered Into S$207.6 mil in Turnkey Longer-stay Acquisitions Strong recovery Building on the success of CLAS’ rental housing portfolio in Japan Acquisition of 6 properties in Japan – 5 in rental housing and CLAS’ first student accommodation property in Japan >95% 4.0% Average occupancy Average NOI y
Slide 15: Capital Management
Capital Management Strong recovery Strong financial capacity and healthy liquidity position Strong capital Robust financing Fortifying liquidity management flexibility reserves c.S$1.43 bil Portfolio reconstitution S$1.151 38.0% NAV per Stapled Security Gearing Total available funds (c. S$1.8 bil de
Slide 16: Capital Management
Capital Management Strong recovery Successfully refinanced c.S$740 mil of debt in 2022, of which c.S$420 mil was issued as sustainable financing 68% : 32% c.78% 4.0 years Key Highlights Bank loans : Medium Term Notes Total debt on fixed rates Weighted average debt to maturity • Partnered Internation
Slide 17: Paloma West Midtown
Paloma West Midtown
Slide 18: Asset Enhancement Initiatives for FY 2023
Asset Enhancement Initiatives for FY 2023 Uplifting the value and profitability of CLAS’ properties Riverside Hotel Robertson Quay Artist’s impression of lobby Artist’s impression of lounge, The 1823 Reading Room To be rebranded as The Robertson House by The Crest Collection Renovation to commence i
Slide 19: Asset Enhancement Initiatives for FY 2023
Asset Enhancement Initiatives for FY 2023 Uplifting the value and profitability of CLAS’ properties Citadines Holborn-Covent Garden London Artist’s impression of guest room Artist’s impression of guest bathroom Renovation to commence in 2Q 2023, expected to complete in 1Q 2024 Refurbishment of guest
Slide 20: Asset Enhancement Initiatives for FY 2023
Asset Enhancement Initiatives for FY 2023 Uplifting the value and profitability of CLAS’ properties Citadines Les Halles Paris Artist’s impression of guest room Artist’s impression of guest room Renovation to commence in 2Q 2023, expected to complete in 1Q 2024 Refurbishment of guest rooms, lobby, b
Slide 21: Asset Enhancement Initiatives for FY 2023
Asset Enhancement Initiatives for FY 2023 Uplifting the value and profitability of CLAS’ properties Citadines Kurfürstendamm Berlin Artist’s impression of guest room Artist’s impression of lobby Renovation to commence in 2Q 2023, expected to complete in 4Q 2023 Refurbishment of guest rooms, public a
Slide 22: Rejuvenating the Portfolio with New Developments
Rejuvenating the Portfolio with New Developments New product offerings to cater to the new normal Development of student accommodation in South Carolina, USA Redevelopment of Somerset Liang Court Singapore Site progress Site progress Artist’s impression Site progress • 678-bed freehold student accom
Slide 23: Managing Macroeconomic and Operational Challenges
Managing Macroeconomic and Operational Challenges Impact from headwinds cushioned by mitigation strategies • CLAS has built a strong • CLAS has a high proportion • CLAS has a geographically • Electricity costs have • CLAS’ predominantly long- stable income base and of debt effectively on fixed diver
Slide 24: Well-Poised to Capture Further Recovery
Well-Poised to Capture Further Recovery Proxy to recovery of hospitality sector, underpinned by stable income base and strong fundamentals Continued recovery expected for the sector • Despite macroeconomic and geopolitical challenges, UNWTO 1 expects 2022 2023 Forecast international arrivals to reac
Slide 25: Thank You
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