CAPITALAND CHINA TRUST CapitaLand China Trust
Proposed Acquisition of Four Prime Logistics Properties
in Shanghai, Kunshan, Wuhan and Chengdu
12 October 2021
Disclaimer
This presentation should be read in conjunction with the announcement released by CapitaLand China Trust ("CLCT") on 12 October 2021 titled "Proposed Acquisition of Companies which Hold Four Logistics Properties in Shanghai, Kunshan, Wuhan and Chengdu". 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. To the maximum extent permitted by law, neither CapitaLand China Trust Management Limited as manager of CLCT ("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.
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This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.
CapitaLan d China Tr us t | Proposed Acquisition of Four Prime Logistics Properties in Shanghai, Kunshan, Wuhan and Chengdu 2 |
Table of Contents
01
Transaction Summary and Overview
02
Key Investment Merits
03
Conclusion
04
Appendix
Chengdu Logistics Property
Transaction
Summary and
Overview
Shanghai Logistics Property
Transaction summary
Increasing New Economy sector exposure with strategic entry into logistics sector
Cities proposed logistics assets are in | Existing presence |
Wuhan Logistics | Kunshan Logistics |
Property | |
Property | |
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1st entry into logistics sector
Acquisition in line with strategic roadmap to 30% AUM target
in New Economy Sectors by 2026
Chengdu | Kunshan | |
Wuhan | Shanghai | |
Chengdu Logistics | Shanghai Logistics | |
Property | Property | |
NPI yield | DPU accretion | Occupancy rate |
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Assets strategically located within CapitaLand's five core city clusters4
Aggregate agreed property value of RMB1,683.4 million (vs. aggregate independent valuation of RMB1,694.0 million)
To be funded by bank borrowings and a private placement
The acquisition is expected to be DPU accretive + 3.5%2
Notes: 1 Includes rent support and rent free reimbursement; 2 The pro forma DPU impact is f or illustrative purposes and is prepared based on CLCT's audited consolidated financial statements f or the financial year ended 31 December 2020. It is calculated assuming (a) the proposed Acquisition had been completed on 1 January 2020 and CLCT had held and operated the Properties for the financial year ended 31 December 2020; (b) the occupancy rates and committed lease rents of the Properties are as at August 2021 and includes the rent support and rent f ree reimbursement; (c) the proposed Acquisition is f unded by S$120 million raised from a private placement and the remaining balance by debt; 3 As at 31 Aug 2021; 4 The 5 core city clusters under CapitaLand China's strategy are Beijing/Tianjin, Shanghai/Hangzhou/Suzhou/Ningbo, Guangzhou/Shenzhen, Chengdu/Chongqing/Xi'an and Wuhan
CapitaLan d China Tr us t | Proposed Acquisition of Four Prime Logistics Properties in Shanghai, Kunshan, Wuhan and Chengdu 5 |
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CapitaLand China Trust published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 07:51:02 UTC.
