Disclaimer Certain statements in this presentation concerning our - PowerPoint PPT Presentation

Disclaimer Certain statements in this presentation concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements reflect our current views with respect to future events and financial performance and are subject to certain risks and uncertainties, which could cause actual results to differ materially from historical results or those anticipated. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in the Indonesian retail industry including those factors which may affect our ability to attract and retain suitable tenants, our ability to manage our operations, reduced demand for retail spaces, our ability to successfully complete and integrate potential acquisitions, liability for damages on our property portfolios, the success of the retail malls and retail spaces we currently own, withdrawal of tax incentives, political instability, and legal restrictions on raising capital or acquiring real property in Indonesia. In addition to the foregoing factors, a description of certain other risks and uncertainties which could cause actual results to differ materially can be found in the section captioned "Risk Factors" in our preliminary prospectus lodged with the Monetary Authority of Singapore on 19 October 2007. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our COPY FOR ASTRA INTERNATIONAL expectations will be attained. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events. We undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise. The value of units in LMIRT (“Units”) and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, LMIRT Management Ltd, as manager of LMIR Trust (the “Manager”) or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This document is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of LMIRT is not necessarily indicative of the future performance of LMIRT. 1

Click to edit Master title style  Click to edit Master text styles  Second level Financial Highlights  Third level  Fourth level Portfolio Performance » Fifth level Growth Outlook Acquisitions 2

Key Highlights S$’000 4Q 2017 4Q 2016 % Variance FY 2017 FY 2016 % Variance Gross Revenue 1 49,298 48,706 1.2 197,376 188,066 5.0 44,930 44,566 0.8 184,251 171,860 7.2 Net Property Income Distributable Income to 22,286 24,335 (8.4) 96,960 95,468 1.6 Unitholders DPU (in cents) 0.79 0.87 (9.2) 3.44 3.41 0.9  Healthy balance sheet with total assets under management of S$1,930.4 million COPY FOR ASTRA INTERNATIONAL  Prudent capital structure management with gearing ratio at 33.7%  Overall occupancy at 93.7% , higher than industry average of 84.4% 2  High Weighted Average Lease Expiry (by NLA) at 4.13 years Notes: 1. Gross Revenue includes Gross Rental Income, Carpark Income and Other Rental Income 3 2. Cushman & Wakefield: as at 30 September 2017

Key Financial Performance 4Q 2017 4Q 2016 % 4Q 2017 4Q 2016 % (S$‘000) (S$‘000) Variance (Rp’million) (Rp’million) Variance Gross Rental Income 40,506 39,908 1.5 405,513 374,360 8.3 Carpark Income 5,342 6,864 (22.2) 53,386 64,455 (17.2) Other Rental Income 3,450 1,934 78.4 34,343 18,144 89.3 Total Revenue 49,298 48,706 1.2 493,242 456,959 7.9 Property Management Fee (2,072) (1,129) (83.5) 20,548 10,598 (93.9) COPY FOR ASTRA INTERNATIONAL Property Operating and Maintenance (2,296) (3,011) 23.7 22,649 28,306 20.0 Expenses Total Property Operating Expenses (4,368) (4,140) (5.5) 43,197 38,904 (11.0) Net Property Income 44,930 44,566 0.8 450,045 418,055 7.7 Distributable Income to Unitholders 22,286 24,335 (8.4) Distribution Per Unit (cents) ¹ 0.79 0.87 (9.2) Annualised Distribution Yield ² 8.6% Notes: 1. Based on 2.824 billion units in issue as at 31 December 2017. 4 2. Based on a closing price of S$0.40 as at 29 December 2017.

Continued Growth in Revenue and NPI Gross Revenue (S$’000) 197,376 5.0% 188,066 8.7% 26.3% 49,298 48,706 49,605 47,030 173,004 49,886 136,985 46,806 48,587 45,524 COPY FOR ASTRA INTERNATIONAL FY 2014 FY 2015 FY 2016 FY 2017 Net Property Income (S$’000) 184,251 171,860 7.2% 8.4% 25.8% 44,930 44,566 46,419 43,338 158,565 46,823 126,007 43,124 46,079 40,832 FY 2014 FY 2015 FY 2016 FY 2017 5

Steady Growth in Distribution Distributable Income to Unitholders (S$’000) 96,960 1.6% 95,468 11.6% 25.8% 22,286 24,335 24,151 24,153 85,553 25,403 23,802 68,014 25,120 23,178 COPY FOR ASTRA INTERNATIONAL FY 2014 FY 2015 FY 2016 FY 2017 DPU (Singapore Cents) 3.44 3.41 10.0% 0.9% 12.3% 0.79 0.87 0.86 0.86 3.10 2.76 0.90 0.85 0.89 0.83 FY 2014 FY 2015 FY 2016 FY 2017 6

Healthy Balance Sheet 31 December 2017 31 December 2016 S$’million S$’million 1,930.4 1 1,949.4 1 Non Current Assets Current Assets 133.5 115.9 Total Debt 695.0 650.7 200.9 182.0 Other Liabilities Total Equity 1,167.9 2 1,232.6 Gearing Ratio 33.7% 31.5% COPY FOR ASTRA INTERNATIONAL 2,824.0 2,803.0 Total Units In Issue (million) Net Asset Value (per unit) 3 S$0.32 S$0.39 Notes: 1. Included in the Non Current Assets are the Investment properties of SGD1,908.1 million as at 31 December 2017 and SGD1,922.6 million as at 31 December 2016. The carrying values of the properties are stated based on the independent valuation as at 31 st December of their respective years. The valuations are recorded in the financial statements in Indonesian Rupiah and translated into Singapore Dollars using the respective exchange rate as at the end of each period. Total equity is represented by Unitholder’s funds of $908.3 million and Perpetual securities of $259.6 million. 2. Net Asset Value (per unit) is calculated as Unitholder’s funds over the units issued at the end of the period. 3. 7

Distribution Details 1 October 2017 – 31 December 2017 0.79 cents Total DPU 0.47 cents - Tax-Exempt COPY FOR ASTRA INTERNATIONAL 0.32 cents - Capital Books Closure Date 22 February 2018 Tentative Distribution Payment Date: 15 March 2018 Since listing in Nov 2007, LMIR Trust has maintained a payout policy of 100% of distributable income. 8

Click to edit Master title style  Click to edit Master text styles  Second level  Third level Financial Highlights  Fourth level Portfolio Performance » Fifth level Growth Outlook Acquisitions 9

Strategically Located Portfolio Click to edit Master title style  Click to edit Master text styles  Second level  Third level  Fourth level KENDARI Lippo Plaza Kendari » Fifth level Jalan MT Haryono, Kendari KEDIRI Kediri Town Square Jalan Hasanudin, Kediri Net Lettable Area 23 Retail Malls 910,582 sqm 7 Retail Spaces Total Valuation YOGYAKARTA 10 Lippo Plaza Jogja Rp19,475 billion Jalan Laksda Adi Sucipto, Yogyakarta 10 Includes all acquisitions in FY 2017