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    C38U   SG1M51904654

CAPITALAND INTEGRATED COMMERCIAL TRUST

(C38U)
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CapitaLand Integrated Commercial Trust : Citi-SGX-REITAS REITS and Sponsors Forum 2021

08/25/2021 | 06:31pm EDT

CAPITALAND INTEGRATED COMMERCIAL TRUST

Citi-SGX-REITAS REITS and Sponsors Forum 2021

26 August 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.

2

Contents

Slide No.

1.

Highlights

04

2.

1H 2021 Financial Performance

12

3.

Portfolio Performance

19

4.

Performance by Asset Type

23

5.

Creating Value

38

6.

Ensuring Sustainability

43

7.

Looking Forward

47

8.

Market Information

50

9.

Additional Information

64

Note: Any discrepancies in the tables and charts between the listed figures and totals thereof within this presentation are due to rounding.

3

Highlights

Bugis Junction

1H 2021 operating metrics highlights

Operations impacted by Phase 2 (Heightened Alert) restrictions

Portfolio Committed

Retail Tenants' Sales

Occupancy

94.9%

(average monthly

(as at 30 June 2021)

of 1H 2021)

Return of

Portfolio WALE(3)

Office Community

3.1 years(4)

(average for week ended

(as at 30 June 2021)

16 July 2021)

Recovery

level

86.3%(1)

105.3%(2)

20.6%

Sustainability

  • Main Airport Center obtained BREEAM Good on 28 April 2021
  • Portfolio is 100% green-rated

Most Honoured Company

(Rest of Asia)

Conferred by Institutional Investor All-Asia Executive Team 2021

Notes:

(1)

Comparison against FY 2019 av erage monthly tenants sales psf and adjusted for non-trading days.

(2)

Comparison against 1H 2020 av erage monthly tenants sales psf and adjusted for non-trading days.

(3)

Portfolio weighted av erage lease expiry (WALE) is based on gross rental income for the month of June 2021 and excludes gross turnov er rent.

(4)

Based on 50.0% interest in One George Street, Singapore, 94.9% interest in Gallileo and Main Airport Center, Frankfurt; and WeWork's 7-year lease at 21 Collyer Quay.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CapitaLand Integrated Commercial Trust published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 22:30:03 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 313 M 974 M 974 M
Net income 2021 660 M 490 M 490 M
Net Debt 2021 8 571 M 6 360 M 6 360 M
P/E ratio 2021 21,4x
Yield 2021 4,93%
Capitalization 13 799 M 10 231 M 10 239 M
EV / Sales 2021 17,0x
EV / Sales 2022 16,1x
Nbr of Employees 665
Free-Float 99,8%
Chart CAPITALAND INTEGRATED COMMERCIAL TRUST
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Technical analysis trends CAPITALAND INTEGRATED COMMERCIAL TRUST
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 2,13 SGD
Average target price 2,44 SGD
Spread / Average Target 14,5%
EPS Revisions
Managers and Directors
Ngiap Jong Low Chief Executive Officer & Director
Mei Lian Wong Chief Financial Officer
Swee Lian Teo Non-Executive Chairman
Jacqueline Lee Head-Investment & Portfolio Management
Khai Fatt Lee Independent Non-Executive Director