Frasers Centrepoint Trust · SGX:J69U

Frasers Centrepoint Trust — Shareholder Meeting (January 2012)

12 slides from Frasers Centrepoint Trust's shareholder meeting presentation, Jan 18, 2012

  1. Slide 1: Frasers Centrepoint Trust Annual General Meeting

    Frasers Centrepoint Trust Annual General Meeting – 18 January 2012 Presentation by Dr Chew Tuan Chiong CEO, Frasers Centrepoint Asset Management Manager of Frasers Centrepoint Trust

  2. Slide 2: Important notice

    Important notice 2 Certain statements in this Presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward-looking statement and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual re

  3. Slide 3: FY2011 - Another year of strong performance

    3 FY2011 - Another year of strong performance • Record DPU of 8.32 cents – fifth consecutive year of DPU growth • Achieved fresh highs for gross revenue, net property income and net assets

  4. Slide 4: Fifth consecutive year of DPU growth and record NAV

    4 Fifth consecutive year of DPU growth and record NAV 1 FY2006 gross revenue, net property income and distribution per unit were derived by annualising 4Q06 results

  5. Slide 5: Fresh highs for revenue and net property income

    5 Fresh highs for revenue and net property income 1 FY2006 gross revenue, net property income and distribution per unit were derived by annualising 4Q06 results

  6. Slide 6: Driving Growth, Creating Value

    6 Driving Growth, Creating Value • Completed the acquisition of Bedok Point • Total assets grew to $1.8 billion on higher property valuation and Bedok Point acquisition

  7. Slide 7: Value enhancement – Causeway Point

    7 Value enhancement – Causeway Point • Basement 1 to Level 2 completed and fully re-opened • On track for full completion expected in December 2012 • Expected to increase net property income by 22% upon completion

  8. Slide 8: Healthy overall portfolio performance in FY2011

    8 Healthy overall portfolio performance in FY2011 Causeway Point Anchorpoint Revenue $51.6m 13% Revenue $8.0m 5% NPI $35.5m 15% NPI $4.4m 7% Occupancy 92% Occupancy 99% Northpoint Bedok Point (from 23.9.11) NEW Revenue $45.0m 15% Revenue $0.3m NPI $33.2m 17% NPI $0.2m Occupancy 98% Occupancy 9

  9. Slide 9: Portfolio revaluation gain reflects value creation

    9 Portfolio revaluation gain reflects value creation Causeway Point Valuation Northpoint Valuation YewTee Point Valuation $820.0m ▲ $59.2m $533.0m ▲ $30.0m $138.0m ▲ $8.0m Anchorpoint Valuation Bedok Point Valuation $78.0m ▲ $2.0m $128.0m Total valuation gain after NEW adjustments: $97.2m Valuations

  10. Slide 10: Prudent capital management

    10 Prudent capital management Debt Maturity Profile as at 30 Sep 11 $264m Secured Term Loan Short-Term Loan (unsecured) $80m $55m $60m MTN $25m $75m FY2012 FY2013 FY2014 FY2015 FY2016 @ 30.9.11 @ 30.9.10 Gearing 31% 30% Average cost of borrowings* 3.01% 3.76% * For the quarter ended 30 September MTN

  11. Slide 11: Looking Ahead

    11 Looking Ahead  Singapore’s economic outlook :  BUT: Singapore’s larger resident population, sustained low unemployment and growing affluence in recent years have helped underpinned the resilience of the retail sector.  FCT is well-positioned to benefit from these positive factors.  FCT will c

  12. Slide 12: Thank you

    Thank you

Frasers Centrepoint Trust — Shareholder Meeting (January 2012) on 6ix