CapitaLand Integrated Commercial Trust : Investment & REITs Taiwan Corporate Day

CapitaLand Integrated Commercial Trust

凯德综合商业信托

CapitaLand

Investment & REITs

Taiwan Corporate Day

19 November 2021

Forward-looking Statements

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. Neither CapitaLand Limited ("CapitaLand") 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.

The past performance of CapitaLand or any of the listed funds managed by CapitaLand Group ("CL Listed Funds") is not indicative of future performance. The listing of the shares in CapitaLand ("Shares") or the units in the CL Listed Funds ("Units") on the Singapore Exchange Securities Trading Limited ("SGX-ST") does not guarantee a liquid market for the Shares or Units. This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares, Units or shares of CapitaLand Investment Management Limited ("CLIM"). No offering of Shares, Units or shares of CLIM is being made in connection with the matters discussed herein in Singapore or otherwise.

The directors of the Company (including any who may have delegated detailed supervision of the preparation of this presentation) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this presentation in each case which relate to the Company, CLIM and CapitaLand Integrated Commercial Trust ("CICT") (excluding information relating to the Offeror or any opinion expressed by the Offeror) are fair and accurate and that, where appropriate, no material facts which relate to the Company, CLIM and CICT have been omitted from this presentation, and the directors of the Company jointly and severally accept responsibility accordingly. Where any information which relates to the Company, CLIM and CICT has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Offeror, the sole responsibility of the directors of the Company has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this presentation. The directors of the Company do not accept any responsibility for any information relating to the Offeror or any opinion expressed by the Offeror.

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About CICT

CapitaGreen, Singapore

CapitaLand Integrated Commercial Trust 凯德综合商业信托 (CICT)

Investment Merits

Largest proxy for Singapore's commercial real estate market with proven track record

and trading liquidity

Well-diversified quality portfolio in strategic locations that offers resilience and stability through market cycles

Ability to tap on opportunities in Singapore and other developed markets to drive performance and growth

Committed to generate stable distributions and sustainable returns to unitholders;

Trading at >5% yield based on analyst forecast consensus FY 2022 DPU

Backed by a strong sponsor with highly experienced fund and property management teams

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Largest proxy for Singapore's commercial real estate market

Market	Total Net	Portfolio Property
Capitalisation	Lettable Area	Value
S$14.1 billion(1)	10.4 million sq ft(2)	S$22.3 billion(3)

Predominantly Singapore-focused with no more than 20%	Diversified across three asset classes;
of portfolio property value overseas	all 24 assets are green-rated

Singapore

96%

(22 properties)

Portfolio property value(3) by geography

Germany 4%

(2 properties)

Notes:

1. Based on closing price of S$2.18 as at 17 November 2021.
2. Excludes CapitaSpring which is undergoing redevelopment.

1. Based on valuations as at 31 December 2020.
2. Integrated developments comprises office, retail and hotel or serviced residence components within the same development.

5 Integrated
Developments(4)		11 Retail
29%	Portfolio	33%
	property
	value(3) by
	asset class

8 Office 38%

CapitaLand Integrated Com m erc ial Trus t 凯 德 综 合 商 业 信 托	5