CapitaLand China Trust · SGX:AU8U
CapitaLand China Trust — CapitaRetail China Trust — Shareholder Meeting (April 2015)
24 slides from CapitaLand China Trust's shareholder meeting presentation, Apr 17, 2015
Slide 1: CapitaRetail China Trust Annual General Meeting 2015
CapitaRetail China Trust Annual General Meeting 2015 17 April 2015 0 Annual General M eeting 2015 *17 April 2015*
Slide 2: Programme Schedule
Programme Schedule Time Programme 10.00 a.m. • Short welcome message • Introduction of Chairman of Meeting and Directors • Management presentation 10.15 a.m AGM commences 11.00 a.m. • Voting by poll commences • Voting by poll • Break for Counting of votes 11.30 a.m. Re-commencement of AGM for declar
Slide 3: 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 4: Contents
Contents • Financial Highlights & Capital Management • Business Highlights • Corporate Social Responsibility • Moving Forward • 2015 AGM 3 Annual General M eeting 2015 *17 April 2015*
Slide 5: Financial Highlights & Capital Management
Financial Highlights & Capital Management 4 Annual General M eeting 2015 *17 April 2015* CapitaMall Wangjing, Beijing, China
Slide 6: Delivering Robust Performance
Delivering Robust Performance Strong Maiden Contribution from CapitaMall Grand Canyon; High Total Return in FY 2014 of 28.4%1 203.3 160.1 132.4 Gross Revenue Net Property Income (NPI) 103.0 S$203.3 million S$132.4 million Gross Revenue NPI (S$ mil) (S$ mil) 26.8% Y-o-Y 28.5% Y-o-Y 2013 2014 Distribu
Slide 7: Strengthening Financial Position & Financial Flexibility
Strengthening Financial Position & Financial Flexibility Robust balance sheet provides capacity to seek accretive opportunities Gearing Ratio Average Cost of Debt Unencumbered Assets 28.7% 3.32% 95.6% 31 Dec 2013: 32.6% 31 Dec 2013: 2.60% 31 Dec 2013: 90.1% • Conserve cash through our Distribution R
Slide 8: Competitive Yield
Competitive Yield 6.1% 5.3% 3.7% 3.8% 3.2% 2.3% 2.5% 0.3% CRCT Yield Singapore 10- China 10- FSSTI Yield FSTRE Yield FSTREI Yield CPF Ordinary 12-month year Govt year Govt Account Fixed (S$) Bond Yield Bond Yield Deposit Sources: Bloomberg, CRCTML, CPF Board, Monetary Authority of Singapore 1. Based
Slide 9: Business Highlights
Business Highlights 8 Annual General M eeting 2015 *17 April 2015* CapitaMall Qibao, Shanghai, China
Slide 10: Strong and Resilient Portfolio
Strong and Resilient Portfolio • High tenants’ sales growth of 16.2%1 y-o-y, above national’s average retail sales growth of 12.0% • Strong rental reversion of 23.1%; average reversion for past 12 quarters was 18.4% • Resilient portfolio occupancy of 95.9% • CapitaMall Wuhu – adjusting to competitiv
Slide 11: CapitaMall Grand Canyon – Robust New Contribution
CapitaMall Grand Canyon – Robust New Contribution • Proactive asset management: • Reconfigured units to optimise efficiency and improve visibility • Adjusted tenant mix to enhance retail offering • Increased occupancy to 99.7% as at 31 Dec 2014 • Achieved high rental reversion of 43.1% • Contributed
Slide 12: CapitaMall Xizhimen – Achieving New Milestone
CapitaMall Xizhimen – Achieving New Milestone • Gross revenue increased 11.1% y-o-y • Net property income grew 16.4% y-o-y • Shopper traffic increased 5.7%; daily average of >100,000 shoppers • Tenants’ sales grew >15.0% y-o-y • Consistently strong occupancy of 97.0% • Healthy rental reversion of 15
Slide 13: CapitaMall Wangjing – Popular Destination to the Local Community
CapitaMall Wangjing – Popular Destination to the Local Community • Gross revenue increased 11.5% • Net property income grew 13.7% • High occupancy of 99.3% • Tenants’ sales up >20.0% • Strong rental reversion of 29.8% 12 Annual General M eeting 2015 *17 April 2015*
Slide 14: CapitaMall Minzhongleyuan – Unveiled on 1 May 2014
CapitaMall Minzhongleyuan – Unveiled on 1 May 2014 Iconic shopping destination in Wuhan with a unique historical façade; Major uplift enhanced overall appeal, upgraded facilities and improved layout Rejuvenated Façade New Weatherproof Roof 13 Annual General M eeting 2015 *17 April 2015*
Slide 15: CapitaMall Minzhongleyuan – Construction of New Subway Line 6
CapitaMall Minzhongleyuan – Construction of New Subway Line 6 • A major line connecting Hanyang B and Hankou Future interchange for Line 2 & Line 6 (linking Hankou, • Zhongshan Avenue is closed and Hanyang & Wuchang) will reopen in Aug 2016 • Road closure to impact accessibility to the Jianghan Road
Slide 16: CapitaMall Minzhongleyuan – Introducing New Concepts to Attract Shoppers
CapitaMall Minzhongleyuan – Introducing New Concepts to Attract Shoppers • Target students, young adults, working class and young families • Continue to bring in trendy fashion brands and beauty related services • Introduce fresh and exciting concepts: • Rooftop Farm – Located at level 4; First roof
Slide 17: Corporate Social Responsibility
Corporate Social Responsibility 16 Annual General M eeting 2015 *17 April 2015*
Slide 18: Caring for the Community
Caring for the Community • My Schoolbag – participated for the 5th consecutive year • >100 items in each schoolbag • Rallied shoppers for the 1st time to canvass for donation • Other community programmes: • CapitaMall Wangjing organised winter clothes donation drive for the underprivileged • CapitaM
Slide 19: Commitment to the Environment
Commitment to the Environment • Earth Hour 2014 • Participated since 2009 • Switched off façade & non-essential lights throughout the night • Other activities to promote environment conservation: • CapitaMall Qibao held a cycling event to promote green transportation • CapitaMall Saihan joined hands
Slide 20: Moving Forward
Moving Forward 19 Annual General M eeting 2015 *17 April 2015* CapitaMall Xizhimen , Beijing, China
Slide 21: Moving Forward
Moving Forward • Chinese government continued to place emphasis on sustainable moderate long-term growth; ~7.0% for 2015 • Greater focus on in-depth structural reforms which will drive domestic consumption and support the governing of the country • Long-term growth prospect is still intact • Built a
Slide 22: 2015 Annual General Meeting
2015 Annual General Meeting 21 Annual General M eeting 2015 *17 April 2015* CapitaMall Grand Canyon, Beijing, China
Slide 23: 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 2014 and the Auditors’ Report thereon. (Ordinary Resolution) Resolution 2: To re-appoint KPMG LLP as Auditors of CRCT and au
Slide 24: Thank You
Thank You 23 Annual General M eeting 2015 *17 April 2015*
CapitaRetail China Trust — Shareholder Meeting (April 2015) on 6ix