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CapitaCommercial Trust 2009 First Quarter Results
30 April 2009
Important NoticeThis presentation shall be read in conjunction with CCT’s 2009 First Quarter Unaudited FinancialStatement Announcement.
The past performance of CCT is not indicative of the future performance of CCT. Similarly, the past performancef C i C i l T M Li i d h f CCT i i di i f h f fof CapitaCommercial Trust Management Limited, the manager of CCT is not indicative of the future performance
of the Manager.
The value of units in CCT (CCT Units) and the income derived from them may fall as well as rise. The CCT Unitsare not obligations of, deposits in, or guaranteed by, the CCT Manager. An investment in the CCT Units issubject to investment risks, including the possible loss of the principal amount invested. Investors have no rightto request that the CCT Manager redeem or purchase their CCT Units while the CCT Units are listed. It isintended that holders of the CCT Units may only deal in their CCT Units through trading on Singapore ExchangeSecurities Trading Limited (SGX-ST). Listing of the CCT Units on the SGX-ST does not guarantee a liquidmarket for the CCT Units.
This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties.Actual future performance, outcomes and results may differ materially from those expressed in forward-lookingstatements as a result of a number of risks, uncertainties and assumptions. Representative examples of thesefactors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital( ) g y , , pand capital availability, competition from other developments or companies, shifts in expected levels ofoccupancy rate, property rental income, charge out collections, changes in operating expenses (includingemployee wages, benefits and training costs), governmental and public policy changes and the continuedavailability 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 thecurrent view of the CCT Manager on future events.
2 CapitaCommercial Trust Presentation *Apr 2009*
Contents
• First Quarter Highlights• Robust Financial Results• Robust Financial Results• Proactive Capital Management• Stable Portfolio Growth• Market Outlook• Summary
Supplementary Information• Supplementary Information
3 CapitaCommercial Trust Presentation *Apr 2009*
First Quarter Highlightsg g
4 CapitaCommercial Trust Presentation *Apr 2009*
1Q 2009 DPU Up 25.1% from 1Q 2008
3.24¢25.1%
2.59¢
3.24¢
3.00¢ Contribution from acquisition of One George Street and Wilki Ed
2.00¢1Q 2008 1Q 2009
Wilkie Edgeas well as higher rental income from existing properties
1.00¢
0.00¢
Distribution Per Unit
5 CapitaCommercial Trust Presentation *Apr 2009*
Successfully Secured Refinancing for Debt Maturing in 2009g
• Obtained commitment of S$160 million from a bank• 3 year term loan secured over HSBC Building• 3-year term loan secured over HSBC Building• All-in margin (inclusive of fees) is 3.0% per annum
D t t CCT’ d S ’ t• Demonstrates CCT’s and Sponsor’s strong relationship with banks
• No more refinancing requirement for 2009• No more refinancing requirement for 2009
6 CapitaCommercial Trust Presentation *Apr 2009*
Proactive Leasing
• Signed on new leases and renewals for an aggregate area of 335,800 square feet in the first four months of 20092009– Tenants include Legg Mason, CapitaLand, BNI and
KoufuKoufu– Key sectors: government, retail, banking, insurance &
financial services
• Positive rental reversion on a weighted average basis at about 49% higher than previously signed rentsrents
• Achieved portfolio committed occupancy of 97.7% as at 30 April 2009at 30 p 009
7 CapitaCommercial Trust Presentation *Apr 2009*
Robust Financial Results
8 CapitaCommercial Trust Presentation *Apr 2009*
1Q 2009 Distributable Income AboveForecast by 16.0%
120,000
1Q 2009 (Forecast) 1Q 2009 1.3%
3 7%
S$’000
96,197
67,407
97,461
69,87080,000
100,0003.7%
16.0%
39,15145,404
40,000
60,000
0
20,000
Gross Revenue Net Property Income Distributable IncomeHigher income contribution from Capital Tower, Raffles City, Starhub Centre and Market Street Car Park
Lower property tax, utilities and maintenance expenses
Lower borrowings and lower average cost of funds
9 CapitaCommercial Trust Presentation *Apr 2009*
1Q 2009 Gross Revenue Up by 36.9% Compared with 1Q 2008
120,000
1Q 2008 1Q 2009
36.9%
S$’000
71,195
97,461
69,87080,000
100,000 40.8%
26.6%
49,626
35,85845,404
40,000
60,000
0
20,000
Gross Revenue Net Property Income Distributable IncomeGross Revenue Net Property Income Distributable Income
Contribution from acquisitions as well as higher rental income from existing properties
Due to the two acquisitions and improved operating margin
Higher net income off-setby higher trust expenses and borrowing cost due to increase in
10 CapitaCommercial Trust Presentation *Apr 2009*
from existing properties margin. to increase in borrowings
1Q 2009 in line with 4Q 2008
97 164 97 461
120,000
4Q 2008 1Q 2009 0.3%
6 5%
S$’000
97,164
65,609
97,461
69,87080,000
100,0006.5%
19.6%
37,96445,404
40,000
60,000
0
20,000
G R N t P t I Di t ib t bl IGross Revenue Net Property Income Distributable Income
Higher rental income from Capital Tower and WilkieEdge
Mainly due to cost saving measures
Lower trust expenses
11 CapitaCommercial Trust Presentation *Apr 2009*
Proactive Capital Managementp g
12 CapitaCommercial Trust Presentation *Apr 2009*
Total Assets at S$6.9B, Adj. NAV at S$2.9131 M 09 31 D 0831 Mar 09
S$'00031 Dec 08
S$'000Non-current assets 6,785,655 6,785,965
Current assets 79,046 85,426Total assets 6,864,701 6,871,391
1Current liabilities1 396,460 793,555
Non-current liabilities 2 2,345,513 1,922,945Net assets 4 122 728 4 154 891Net assets 4,122,728 4,154,891Unitholders' funds 4,122,728 4,154,891NAV 2.94 2.97
Notes (Comparing Mar 2009 and Dec 2008):(1) Increase due to drawdown of S$40 million short term loan and reclassification of S$150 million medium term notes
d ithi 12 th
Adjusted NAV 3 2.91 2.92
13
due within 12 months(2) Increase due to the addition of S$580 million three-year term loan offset by the reclassification of S$150 million
medium term notes mentioned in Note 1.(3) Assuming the distributable income has been paid out to the unitholders
CapitaCommercial Trust Presentation *Apr 2009*
Secured Bank Commitment of S$160m to refinance 2009 outstanding debtg
1,200 S$22 m RCS -
S$ million
$650m800
1,000
S$22 m RCS -secured term loan due Sep (0.8%)34%
$370mCCT -
ConvertibleBonds
Put option in May
22%CCT - 3-year
secured term loan due in Jun (6%)
As at 31 March 2009
Total Gross Debt :S$2,632.8 million
$520m
$650m
400
600 CCT -2-year
secured term loan
due in Jun RCS
$580m
in May (14%)
14%CCT - short term loan d e
$156m Gearing(1) : 38.3%
Interest Service Coverage Ratio(2) : 2.8 times
A C t f D bt 3 6%
$235m
$100m -
200
$156m
Jun (25%)
6%
RCS- CMBS
due in Sep (20%)
CCT -Convertible
Bondsdue in May
(14%)
CCT -3-year
secured term loan due in Mar
term loan due in Jun (6%)
Average Cost of Debt: 3.6%
Average Fixed Rate Term to Expiry(3) : 2.4 years
2009 2010 2011 2012 2013CCT- MTN (9%)
$150m due in Mar$85m due in Aug
CCT- MTN due in Jan
(4%)
Notes:(1) G b i f CCT (i l i f 60% i t t i RCS T t ) t t l d it d ti f CCT (i l i f 60% i t t i RCS T t )
14
(1) Gross borrowings of CCT (inclusive of 60% interest in RCS Trust ) over total deposited properties of CCT (inclusive of 60% interest in RCS Trust ) (2) Ratio of net investment income before interest, tax and amortisation of CCT (inclusive of 60% interest in RCS Trust ) over interest expenses of CCT
(inclusive of 60% interest in RCS Trust ) (3) Average fixed rate term to expiry of the loan profile
CapitaCommercial Trust Presentation *Apr 2009*
Stable Portfolio Growth
15 CapitaCommercial Trust Presentation *Apr 2009*
Gross Rental Income Predominantly Contributed by Grade A Officesy
CCT’s Focus is Owning and Investing in Real Estate and Real Estate-related Assets, which are Income-producing and used, or Predominantly used, for Commercial Purposes, y , p
Major usage mix for CCT propertiesBy Gross Rental Income for the Month of March 2009
Office 72%Hotels &
Convention Centre
11%
R t ilRetail 17%
16
Note:(1) Excludes retail turnover rent
CapitaCommercial Trust Presentation *Apr 2009*
Portfolio Diversification with Focus on Qualityon Quality
About 80% of 1Q 2009 Net Property Income from Grade A Offices and Raffles City
Golden Shoe Car Park, 2.8%
Wilkie Edge, 0.4%
HSBC Building, 3.2%
Bugis Village, 2.9%
Market Street Car Park, 1.0%
(1)Raffles City, 28.4%
Starhub Centre, 5.4%
Robinson Point, 3.6%
C it l T 11 5%
Six Battery Road,One George
Capital Tower, 11.5%
Six Battery Road, 23.3%
One George Street, 17.5%
17
Note:(1) Represents CCT’s 60.0% interest in Raffles City
CapitaCommercial Trust Presentation *Apr 2009*
Diverse Tenant Mix(1) in CCT’s Portfolio
Banking, Insurance & Financial Services
Legal, 2.5%
Car Park, 2.3%
Education, 1.8%
Department Store, 1.9%
& Financial Services, 36.0%Retail Services, 2.9%
Real Estate & Property Services, 4.0%
Food & Beverage, 5.6%
Others , 5.5%(2) Standard Chartered Bank
JPMorgan Chase Bank, N.A.
N Si Ltd
Government & Government Linked
Office, 6.4%
Nomura Singapore Ltd
The Hongkong and Shanghai Banking
Corporation Ltd
Ll d’ f L d (A i )
Energy, Business Consultancy, IT & Telecoms 14 0%Hospitality, 10.3%
Fashion, 6.9%
N t
These five tenants account for 65% of the Banking, Insurance and Financial Services Group.
Lloyd’s of London (Asia) Pte Ltd
Telecoms, 14.0%p y,
18
Notes:(1) Based on monthly gross rental income as at 31 Mar 2009 for the portfolio including car park income
from Golden Shoe Car Park and Market Street Car Park(2) Consists of other minor retail and office trades
CapitaCommercial Trust Presentation *Apr 2009*
Top Ten Blue-Chip Tenants(1) Enhance Stability -Contribute about 50% of monthly gross rental income
Weighted Average Lease Term to Expiry (by Floor Area) for Top 10 Tenants as at 31 Mar 2009= 6.4 years
11.1% 10.8%
4.7% 4.6%
3.6%2.7% 2.6% 2.3%
2.0% 1.9%
Standard Chartered Bank
RC Hotels (Pte) Ltd
Government of Singapore Investment Corporation
Private Limited
JPMorgan Chase Bank, N.A.
Nomura Singapore Limited
CapitaLand Group The Hongkong and Shanghai
Banking Corporation
Limited
Lloyd's of London (Asia) Pte Ltd
WongPartnership LLP
Robinson & Company
(Singapore) Private Limited
19
Note:(1) Based on monthly gross rental income contribution as at 31 March 2009 (excluding retail turnover rent)
CapitaCommercial Trust Presentation *Apr 2009*
Committed occupancy consistently above market levelsa et e e s
Committed Occupancy as
at 30 April
96.7%
at 30 April 2009 is 97.7%
100%
120%
CCT's Committed Occupancy Since Inception
90.0%
Occupancy rate in Singapore’s core CBD is 93.1% and Grade A offices is 97.1% as at end-March 2009 (1)
40%
60%
80%
100%
(Islandwide)
0%
20%
40%
2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
2004 2005 2006 2007 2008 2009
CCT Occupancy Rate URA Occupancy Index
20 CapitaCommercial Trust Presentation *Apr 2009*
Note: (1) Source: CBRE (as at Q1 2009)
Almost Half of the Leases Expiring in 2009 have already been Renewed
Leases up for Renewal (by monthly gross rental income) as at 31 March 2009
(1)
19.7%
19.7%
17.5%
0.3%
7.5%8.9%
3.4%6.1%
1 9%
7.7% 7.8%
3.9%
3.4% 3.5%
0.4%
1.9%
2009 2010 2011 2012 2013 and Beyond
Office Retail Hotels and Convention Centre
Renewed Forward LeasesRenewed Leases for 2009 Renewed Forward Leases
21
Note:(1) Excludes turnover rent
Renewed Leases for 2009
CapitaCommercial Trust Presentation *Apr 2009*
Almost Half of the Office Leases Expiring in 2009 have already been Renewed
Office Leases Expiring as a percentage of monthly office gross rental income as at 31 March 2009
27 1% 27.2%
0.4%
27.1%24.2%
4.6%
8.5%
10.7% 10.8%
R d L f 2009 R d F d L
2009 2010 2011 2012 2013 and Beyond
Renewed Leases for 2009 Renewed Forward Leases
22 CapitaCommercial Trust Presentation *Apr 2009*
Potential Rental Upside from Lease Renewals in 2009
$20.00 60%2009
$12.00
$16.00 40% Grade A Office Average Rent in Q1 2009: S$12.30 psf /month (1)
Prime Office Average Rent in Q1 2009: S$10 50 psf/month (1)
2 6% %
$5.89 $7.47 $6.77 $6.07
$4.00
$8.00 20%
Prime Office Average Rent in Q1 2009: S$10.50 psf/month (1)
0.7% 2.6% 2.2% 1.7%$-0%
Capital Tower Six Battery Road
One George Street
Raffles City Tower(2)Road Street Tower
Notes:Leases expiring as a percentage of monthly office gross rental income as at 31 March 2009
Ave Monthly Gross Rental Rate for Expiring Leases (S$ psf/month)
23
Notes:(1) Source: CBRE (as at Q1 2009)(2) Has embedded yield protection of 4.25% p.a., based on purchase consideration of S$1.165 billion until 10 July 2013 from
CapitaLand. This eliminates downside rental risk for One George Street during the yield protection period, but allows CCT to benefit from any upside in rental reversion.
CapitaCommercial Trust Presentation *Apr 2009*
Limited Percentage of Leases Expiring forthe Four Key Office Buildings
Lowers the potential and downside risks associated withthe Singapore Office Market over these time periods
$16.00
$20.00 60%2010
$16.11 $14 36
$16.00
$20.00 60%2011
10.3%4.8% 4.9% 3.9%
$6.58
$12.63
$6.46
$10.40
$4.00
$8.00
$12.00
20%
40%
2.1%
13.2%5.7%
0.7%$4.46
$12.51 $14.36
$4.00
$8.00
$12.00
20%
40%
(1) (1)
Ave Monthly Gross Rental Rate for Expiring Leases(S$ psf/month)
$-0%Capital Tower
Six Battery Road
One George Street
Raffles City Tower
$-0%Capital Tower
Six Battery Road
One George Street
Raffles City Tower
Ave Monthly Gross Rental Rate for Expiring Leases(S$ psf/month)
Leases expiring as a percentage of monthly office gross rental income as at 31 March 2009
24
Note:(1) Has embedded yield protection of 4.25% p.a., based on purchase consideration of S$1.165 billion until 10 July 2013 from
CapitaLand. This eliminates downside rental risk for One George Street during the yield protection period, but allows CCT to benefit from any upside in rental reversion.
CapitaCommercial Trust Presentation *Apr 2009*
Average CCT Office Portfolio Rent still Lower than Monthly Market Rentsy
3
$18.65$18.80 $18.80
$15 00
3$16.00 $16.10 $16.10
$12.90$10 50
$15.00$12.30
$6 75 $7 20 $7.44
$10.50
$7.73
$5.98$6.75 $7.20
CCT Office Portfolio Prime Office Average Rent Grade A Office Average Rent(1) (2)(2)
1Q 2008 4Q 20083Q 20082Q 2008 1Q 2009
25
Notes:(1) Average monthly passing rent for CCT’s office portfolio(2) Source for office market rent: CBRE (figures as at end of each quarter)
CapitaCommercial Trust Presentation *Apr 2009*
Market Outlook
26 CapitaCommercial Trust Presentation *Apr 2009*
Expects 2009 to be a Challenging Year
• Ministry of Trade and Industry (MTI) expects Singapore’s GDP to contract by 6.0 to 9.0 per cent in 20092009
• Singapore government has announced a set of expansionary budget measuresexpansionary budget measures – to stimulate the economy, and – to enhance the country’s capabilities and competitiveness in the
l tlong term
• Global economies expected to remain weak
27 CapitaCommercial Trust Presentation *Apr 2009*
Singapore has only 6.7 mil sq ft of Grade A Office
Outside of Central Region
2.2
Grade A Office
Grade A Office,
Downtown
Fringe Area11.4 20%
3%Office, 6.7 mil sq ft
Core27.5 48%
Rest of
Area in sq ft (mil)
Other Office grades, 20.8 mil
Orchard Rd4 3
Central Area11.7 21%
20.8 mil sq ft
4.3 8%
• Singapore’s Total Office Stock: 72 mil sq ft
28
g p q• Total Private Office Stock: 57 mil sq ft (80%)Source: CBRE, December 2008. Note: Downtown Core covers Raffles Place, Marina Centre, Shenton Way and Marina Bay
CapitaCommercial Trust Presentation *Apr 2009*
Uncertain Office Supply from 2011 Onwards – Delay in completion is evident
Singapore Private Office Space (Central Area)
• Some future supply have already been pre-committed, e.g. 1.9 mil sq ft in 2010 & 2012 (MBFC)
2.7
4.1
2 8 2.53 0
4.0
5.0
O
Singapore Private Office Space (Central Area)
Post -Asian financial crisis and SARs-k d d & d l
Ave annual supply = 2.4 mil sq ftAve annual demand during previous growth phase('93-'97)=2.1 mil sq ft
R
1.4
2.7
1.11.3
2.8 2.5
1.3
0.090 0
1.0
2.0
3.0ffice Space (mil
weak demand & undersupply
-2.0
-1.0
0.0
993
994
995
996
997
998
999
000
001
002
003
004
005
006
007
008
009
010
011
012
013
sq ft) Ave annual supply = 1.8 mil sq ftAve annual annual demand =1.6 mil sq ft
1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Supply Demand Forecast supply as at Jun'08 Forecast supply as at Apr'09
29
Note: Central Area comprises ‘The Downtown Core’, ‘Orchard’ and ‘Rest of Central Area’. Please see details of supply forecast under Supplementary Information
Source: Consensus Compiled from CBRE &JLL (Apr 09)
CapitaCommercial Trust Presentation *Apr 2009*
Summaryy
30 CapitaCommercial Trust Presentation *Apr 2009*
Almost 90% of 2009’s forecast gross rental income(1) locked-in with committed leases
31
Note:(1) Based on the Forecast Gross Rental Income for the “enlarged portfolio”, published in CCT’s circular to
unitholders dated 9 June 2008
CapitaCommercial Trust Presentation *Apr 2009*
Achieving Higher DPU Year-On-Year12.2%
12.34¢26.4%
• Distribution yield based on Projection Year 2009 Distribution Per Unit and closing price per unit on 29 April 2009 of S$0.815 = 15.1%
(6)
8.55¢
10.59¢
8.70¢
11.00¢18.7%7.6%
7.8% (4)
(5)
5.68¢6.31¢
7.02¢
8.55¢
6.32¢ 6.81¢
7.33¢
(1)(2)
(3)
15 May to 31 Dec 2004
(annualised)
FY 2005 FY 2006 FY 2007 FY 2008 Projection Year 2009
Notes: ( )(1) As stated in CCT’s Introductory Document dated 16 March 2004(2) As stated in CCT’s Offer Information Statement dated 21 April 2005 in relation to the acquisition of HSBC Building(3) As stated in the Circular dated 15 August 2006 for the equity fund raising fund of Raffles City(4) Based on the forecast shown in the Unitholder Circular dated 5 November 2007 for the acquisition of Wilkie Edge(5) The forecast is based on management’s forecast shown in the Circular dated 9 June 2008 for the acquisition of One George Street for the
period 1 January 2008 to 31 December 2008 and adjusted for the actual date of acquisition of One George Street on 11 July 2008. The
32
acquisition of One George Street was assumed to be completed on 1 July 2008 in the Circular.(6) The forecast is based on management’s forecast shown in the Circular dated 9 June 2008 for the acquisition of One George Street for the
projection year 2009.
CapitaCommercial Trust Presentation *Apr 2009*
Focus On Fundamentals
33 CapitaCommercial Trust Presentation *Apr 2009*
Strategy for Driving DPU Growth
Distribution Per Unit
Growth within portfolio
Acquisitions / Development Projectswithin portfolio
-Rental rate -Occupancy
Asset Enhancement Development Projects – Singapore & overseas
Proactive and prudent capital managementProactive and prudent capital management
34 CapitaCommercial Trust Presentation *Apr 2009*
Customer Focus
• More than 500 tenants (office and retail)
• Tenant retention• Tenant communication and
supportsupport• Managed by professional
property manager, C it L dCapitaLand– Awarded ISO 14000
certificationA d d Si S i– Awarded Singapore Service Class (S-Class) certification from Spring Singapore
35 CapitaCommercial Trust Presentation *Apr 2009*
Prime Assets
• Properties in good location, near to key MRT stationsO ns commercial area of• Owns commercial area of more than 3 million sq ft
• Lease to quality blue-chip tenants
• Most properties are at least Green Mark certified by the Building and Construction Authority of Singapore
36 CapitaCommercial Trust Presentation *Apr 2009*
Supplementary Slidespp y
37 CapitaCommercial Trust Presentation *Apr 2009*
1Q 2009 Gross Revenue (1) – By Asset
97,461
90,000
100,000
1Q 2008 1Q 2009
36.9%S$ ‘000
71,195 70,000
80,000 Due to the proposed redevelopment of MSCP announced in early 2008 which has since been aborted in January 2009
40,000
50,000
60,000
11.7% 24.5%
0.9%
aborted in January 2009
12,178 16,459
28,485
13,604
20,498 15,931
28,729
20,000
30,000 3.2% 57.7% 64.9% 4.5% 1.8%-17.7%
2,184 3,347 2,012 2,462 2,728 1,340 2,254 5,278 3,317 2,574 2,777 1,103 1,396
-
10,000
Capital Tower
Six Battery Road
HSBC Building
Starhub Centre
Robinson Point
Bugis Village
Golden Shoe Car
Park
Market Street Car
Park
One George Street
Wilkie Edge
60% Interest in
RCS
Gross Revenue
38
Note: (1) One George Street was acquired in July 2008 and Wilkie Edge was legally completed in December
2008. Hence, they do not contribute any revenue for 1Q 2008.
Park Park Street RCS
CapitaCommercial Trust Presentation *Apr 2009*
1Q 09 Net Property Income (1) - By Asset
69,870 70,000
80,000
1Q 2008 1Q 2009
40.8%S$ ‘000 Higher property operating expense offset partially by increase in revenue. Increase in property operating expenses due to higher property tax, utilities, maintenance & marketing e penses
49,626 50,000
60,000
Due to the proposed redevelopment of MSCP
marketing expenses.
30,000
40,000
37.9%
-3.1%
redevelopment of MSCP announced in early 2008 and which has since been aborted in January 2009
Higher property operating expense offset partially by increase in revenue
7 137
11,826
20,508
8 004
16,310 12,209
19,877
10 000
20,000
30,000 12.1%
4.0% 84.1% 104.1% 5.0% -0.8%-17.5%
7,137
2,146 2,054 1,239 1,946 1,986 784
8,004 2,232 3,782 2,529 2,043 1,970 647 267
-
10,000
Capital Tower
Six Battery Road
HSBC Building
Starhub Centre
Robinson Point
Bugis Village
Golden Shoe Car
Park
Market Street Car
Park
One George Street
Wilkie Edge
60% Interest in
RCS
Net Property Income
39
Park Park Street RCS Income
Note: (1) One George Street was acquired in July 2008 and Wilkie Edge was legally completed in December
2008. Hence, they do not contribute any income for 1Q 2008.CapitaCommercial Trust Presentation *Apr 2009*
Consistently Healthy Occupancy Rates
2004 2005 2006 2007 2008 1Q 2009Capital Tower 94.5 100.0 100.0 100.0 99.9 99.9Six Battery Road 97.5 99.5 100.0 99.9 98.6 97.6Starhub Centre 98.1 100.0 100.0 99.0 93.1 93.1Robinson Point 85.2 99.1 100.0 100.0 90.9 95.9Bugis Village 92.9 92.1 95.3 99.1 96.6 96.6Golden Shoe Car Park 100.0 85.4 98.0 96.4 100.0 100.0Market Street Car Park 100.0 0.0 (1) 95.6 95.4 82.8 69.9HSBC Building 100.0 100.0 100.0 100.0 100.0Raffles City 99.5 99.3 99.9 98.9Wilkie Edge(2) 52.5 67.0One George Street 100.0 100.0Portfolio Occupancy 95.2 99.1 99.6 99.6 96.2 96.7
Note:
40
Note: (1) Market Street Car Park’s retail space was closed in November 2005 for asset enhancement work(2) Wilkie Edge is a new property legally completed in December 2008. The committed occupancy rate for
Wilkie Edge was announced to be close to 70% as at 20 January 2009.
CapitaCommercial Trust Presentation *Apr 2009*
Details of Forecast Office Supply for 2009
Expected Completion Development Location
Net Floor Area (sf)
Total Net Floor Area (sf)
Q260 Robinson Road (space (space addition to former Overseas Union Bank Building ) Robinson Road 29 753Q2 former Overseas Union Bank Building ) Robinson Road 29,753
Q2EFG Bank Building ( 67 High Street - former Satnam House) High Street 70,200
Q32 Havelock Road (Additions & alterations to A ll C t ) H l k R d 20 000Q3 Apollo Centre) Havelock Road 20,000
Q3 78 Shenton Way (South Tower) Shenton Way 75,938
Q3 The Anson (Mapletree)Anson Road/ Enggor Street 320,000
LPB at Scotts / DB&B subsidiary SunQ3
LPB at Scotts / - DB&B subsidiary- Sun Venture Scotts / Anthony Rd 126,163
Q4 Straits Trading Building redevelopment Battery Road 160,000Q4 71 Robinson Road Robinson Road 238,000
H2The Spazio (Additions & alterations to Dapenso Building) Cecil Street 52,817
2009LPA at Scotts/ (Owner/Tenant: UOB-Kay Hian Trading Pte Ltd) Scotts / Anthony Rd 119,162
412009
Hotel / Office at Kong Cheow Street / Merchant Road / New Market Road (Park Regis)
Kong Cheow Street / Merchant Road / New Market Road 42,270 1,254,303
Details of Forecast Office Supply for 2010
Expected Completion Development Location
Net Floor Area (sf)
Total Net Floor Area (sf)
Q1Tokio Marine Centre (formerly Asia Chambers redevelopment) McCallum St 133 000Q1 redevelopment) McCallum St 133,000
Q1 Twenty Anson Anson Road 209,000
Q2Marina Bay Financial Centre (Phase 1) –65 6% itt d M i B 1 600 000Q2 65.6% pre-committed Marina Bay 1,600,000
Q350 Collyer Quay (OUH & CAAP redevelopment) Collyer Quay 411,992Mapletree Business City (previously known as Al d B i P k Offi Bl k l )
Q3Alexandra Business Park – Office Block only) – some pre-commitment have been secured Alexandra/ Harbourfront 401,000
2010North Bridge Road (Owner/Tenant: Kim Eng Holdings’ HQ) City Fringe 50,000 2,804,992
42 CapitaCommercial Trust Presentation *Apr 2009*
Details of Forecast Office Supply for 2011 - 2013
Expected Completion Development Location
Net Floor Area (sf)
Total Net Floor Area (sf)
Q1 2011 Ocean Financial Centre Collyer Quay 850 000Q1 2011 Ocean Financial Centre Collyer Quay 850,000
2011 1 Raffles Place (OUB Centre Tower 2) Raffles Place 350,000
2011Hotel / Office at Upper Pickering Street (Hotel Pl G ) Chi t 70 0842011 Plaza Group) Chinatown 70,084
Q3 2011 Marina View North Tower only Marina Bay 1,225,127 2,495,211
2012Marina Bay Financial Centre (Phase 2) – 55% pre-committed Marina Bay 1,300,000 1,300,000p y , , , ,
2013Office / shopping development at Jalan Besar / Lavendar Street
Jalan Besar / Lavendar Street 93,658 93,658
TOTAL FORECAST SUPPLY (2009 – 2013) 7 948 164(2009 – 2013) 7,948,164
43 CapitaCommercial Trust Presentation *Apr 2009*
CapitaCommercial Trust Management Limited39 Robinson Road39 Robinson Road
#18-01 Robinson PointSingapore 068911Tel: (65) 6536 1188 F (6 ) 6 33 6133Fax: (65) 6533 6133
http://www.cct.com.sg
For enquiries, please contact:For enquiries, please contact: Ms Ho Mei Peng
Head, Investor Relations & CommunicationsDirect: (65) 6826 5586
E il h i @ it l d
44
Email: [email protected]
CapitaCommercial Trust Presentation *Apr 2009*