CapitaLand Integrated Commercial Trust : First Half 2021 Financial Results

CAPITALAND INTEGRATED COMMERCIAL TRUST

First Half 2021 Financial Results

28 July 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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Contents

		Slide No.
1.	Highlights	04
2.	Financial Performance	11
3.	Portfolio Performance	19
4.	Performance by Asset Type	23
5.	Creating Value	38
6.	Looking Forward	44
7.	Market Information	47
8.	Additional Information	61

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

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Highlights

IMM Building

Achieved 1H 2021 DPU of 5.18 cents

1H 2021 Distributable Income

S$335.9(1)

million

1H 2021 Distribution Per Unit (DPU)

5.18

cents

Notes:

Distributable Income

335.9 (1)

109.7 (2)

1H 2020

1H 2021

DPU (cents)

5.18

2.96

1H 2020

1H 2021

(1) S$2.2 million was retained for gen eral corporate and working capital purposes for 1H 2021 comprising S$0.8 million and S$1.4 million receiv ed from CapitaLand China Trust (CLCT) and Sentral REIT respectiv ely.

(2) For 1H 2020, in v iew of the challenging operating env ironment due to the COVID-19 pandemic, S$46.4 million of its taxable income av ailable for distribution to Unitholders was retained. In addition,

S$4.8 million receiv ed from CLCT was retained for general corporate and working capital purposes.

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