CapitaLand China Trust : Presentations Slides

CAPITALAND CHINA TRUST

SGX-Haitong Singapore Corporate Access Day

9 September 2021	31 July 2019

Disclaimer

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 factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real

estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate,

property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.

You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand China Trust Management

Limited ("Manager") nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss

howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The past performance of CapitaLand China Trust ("CLCT") is not indicative of future performance. The listing of the units in the CLCT ("Units") on the

Singapore Exchange Securities Trading Limited (SGX-ST) does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

1

SGX-Haitong Singapore Corporate Access Day *9 September 2021*

Contents

1. Overview of CLCT
2. 1H 2021 Key Highlights
3. Capital Management
4. Looking Ahead

2

SGX-Haitong Singapore Corporate Access Day *9 September 2021*

Largest Multi-Asset China Focused S-REIT

Diversified Portfolio with 11 Well-Located Malls and 5 Business Parks Across Prominent Growth Cities

Listed	➢ AUM of S$0.8 billion	➢ 7 retail assets
in 2006	➢ GFA of 453,506 sq m	➢ Across 5 cities

A. Beijing

CapitaMall Xizhimen	CapitaMall Wangjing	CapitaMall Grand Canyon	CapitaMall Shuangjing

				D	Shanghai		Guangzhou
		G
			A		B.	CapitaMall Qibao	C.	Rock Square
	I			H		ChangshaE.		ChengduF.
✓ AUM of S$4.4 billion1	F	C
Today			B
		E		J
✓ GFA of 1.7 mil sq m							CapitaMall Yuhuating
✓ 11 retail assets and 5 business parks			H. Suzhou		I. Xi'an
✓ Geographically diversified across10 cities
				Ascendas Xinsu Portfolio	Ascendas Innovation Hub	Ascendas Innovation Towers

D. Harbin

CapitaMall Xuefu CapitaMall Aidemengdun

	G. Hohhot
CapitaMall Xinnan		CapitaMall Nuohemule

J. Hangzhou

SHSTP Phase I

SHSTP Phase II

Notes:

1. As at 31 December 2020, assuming completion of business parks on an effective basis. Excludes CapitaMall Minzhongleyuan and CapitaMall Saihan as the malls have been divested in 1Q and 2Q 2021 respectively.

3

SGX-Haitong Singapore Corporate Access Day *9 September 2021*

Most Established, Expansive and Diversified Platform

CLCT - The Proxy for China Growth

Diversified	Established	Strong	Active Acquisition	Leverage on
Portfolio of Retail	Presence in 10	Management	Growth Track Record -	Sponsor's expertise
and Business Park	Prominent Top	Team with 15Y of	from Sponsor and 3rd	and domain
Assets	Tier Cities	Track Record	Party	knowledge in China

Asset under Management1	Market Capitalisation2	DPU Yield2
S$4.4 billion	S$2.1 billion	6.5%

Notes:

1. As at 31 December 2020, assuming completion of business parks on an effective basis. Excludes CapitaMall Minzhongleyuan and CapitaMall Saihan as the malls have been divested in 1Q and 2Q 2021 respectively.
2. Based on 1H 2021 Annualised DPU of 8.53 SGD cents and unit price of S$1.32 as at 6 September 2021.

4

SGX-Haitong Singapore Corporate Access Day *9 September 2021*