CapitaLand Integrated Commercial Trust : FY2021 Financial Results

CapitaLand Integrated Commercial Trust

FY 2021 Financial Results

28 January 2022

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	40
Highlights	Creating Value
13	49
Financial	Strategy and
Performance	Outlook
21	53
Portfolio	Market
Performance	Information

25 69

Performance	Additional
By Asset Type	Information

Funan, Singapore

Highlights

Asia Square Tower 2, Singapore

Achieved 2H 2021 DPU of 5.22 cents

An advanced distribution of 4.85 cents for the period from 1 Jul to 15 Dec 2021 paid on 28 Jan 2022

FY 2021

Distributable Income

S$674.7(1)

million

Distributable Income (S$ million)

335.9	338.8(2)
1H 2021	2H 2021

DPU (cents)

FY 2021

5.18

5.22

0.37

Distribution for period

Distribution Per Unit (DPU)

from 16 to 31 Dec 2021

10.40

4.85

Advanced distribution for the

period from 1 Jul to 15 Dec 2021

pursuant to the private placement

cents

in Dec 2021

1H 2021

2H 2021

Notes:

1. For FY 2021, S$12.7 million comprising S$10.0 million and S$2.7 million received from CapitaLand China Trust (CLCT) and Sentral REIT respectively had been retained for general corporate and working capital purposes.
2. For 2H 2021, an advanced distribution of S$314.3 million or DPU of 4.85 cents for the period from 1 July 2021 to 15 December 2021 is paid on 28 January 2022. The distribution of S$24.5 million or DPU of 0.37 cents for the period from 16 December 2021 to 31 December 2021 will be paid on 15 March 2022. S$10.5 million comprising S$9.2 million and S$1.3 million received from CLCT and Sentral REIT respectively had been retained for general corporate and working capital purposes.

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