CapitaLand Integrated Commercial Trust : 3Q 2021 Business Update

3Q 2021 Business Update

22 October 2021

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 expressed 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 Integrated Commercial 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, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The past performance of CapitaLand Integrated Commercial Trust ("CICT") is not indicative of future performance. The listing of the units in the CICT ("Units") on the Singapore Exchange Securities Trading Limited (the "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.

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Table of Content

04	31
Highlights	Creating Value
10	38
Capital	Strategy and
Management	Outlook
13	42
Portfolio	Market
Performance	Information

16 55

Performance	Additional
By Asset Type	Information

Funan, Singapore

Highlights

CapitaGreen, Singapore

Resilient Performance in 3Q 2021

Gross	3Q 2021	3Q2020	Net Property	3Q 2021	3Q 2020
Revenue	S$329.0M	S$150.3M	Income	S$242.6M	S$104.5M

Retail Asset Performance	Office Asset Performance(1)	Integrated Development
(S$ m)	(S$ m)	Performance(2)
		(S$ m)

136.6
109.9			97.7	97.3				95.1
			74.7
			74.3							70.2
										40.4			30.2
Gross Revenue		NPI		Gross Revenue		NPI	Gross Revenue		NPI
		3Q 2020		3Q 2021				3Q 2021			3Q 2020		3Q 2021

Notes:

1. Income contribution from office assets is from 21 October 2020 onwards. Hence, there is no data for 3Q 2020. Income contribution excludes One George Street as it is a joint venture.
2. Income contribution from Integrated Development for 3Q 2021 includes Raffles City Singapore (RCS) on a 100.0% basis. Income contribution from RCS is excluded for 3Q 2020 as it was a joint venture of CICT on a 40.0% basis prior to the merger.

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