Frasers Property Limited Frasers Day Bangkok 19 June 2018 Frasers Property Australia, Melbourne office, Australia
Important notice Statements in this presentation constitute “forward -looking statements”, including forward-looking financial information. Such forward- looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Frasers Property Limited (“Frasers Property”) and its subsidiaries (together with Frasers Property, the “Group”), or industry results, to be materially different from any future results, or the “Company” performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding the Group’s present and future business strategies and the environment in which the Group will operate in the future. Because these statements and financial information reflect Frasers Property’s current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information as a result of these risks, uncertainties and assumptions and you are cautioned not to place undue reliance on these statements and financial information. Frasers Property expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in Frasers Property’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the Singapore Exchange Securities Trading Limited and/or any other regulatory or supervisory body or agency. This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys and forecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. While Frasers Property has taken reasonable steps to ensure that the information is extracted accurately and in its proper context, Frasers Property has not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein. Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your independent advisors. 2
Contents Frasers Property Overview Executing Our Business Strategies Looking Ahead In Conclusion Appendix 3
Frasers Property overview Frasers Hospitality, Alexandra Point office, Singapore
Overview of Frasers Property Multi-national real estate company with multi-segment expertise ~10,000 S$6.3 Billion S$33.7 billion assets under management 1 across 5 asset Retail classes Residential Units Assets Under Three strategic business units – Singapore, Australia, Completed and Settled Management 1 in FY2017 Hospitality; and Europe & rest of Asia S$8.1 Billion 3 S$7.9 Billion Singapore Europe & rest of Asia Hospitality Australia Commercial Logistics & Business Park & Industrial Residential Assets Under Assets Under Multi-segment Management 1 Management 1 Retail Hospitality Commercial & Business Park Logistics & Industrial S$4.8 Billion 4 REITs – Hospitality REITs Frasers Centrepoint Trust, Assets Under Frasers Commercial Trust, Management 1 Frasers Hospitality Trust, Frasers Logistics >24,000 2 Comprises the full asset value of property assets in which the Group has an interest, including assets held by 1. and Industrial Trust its REITs, joint ventures and associates Hospitality Units Including both owned and managed properties; and units pending opening 2. Comprises 100% of the logistics and industrial assets in Australia, Europe and Thailand, in which the Group 3. has an interest, including assets held by its REITs, joint ventures, associates and assets pending completion of acquisitions 5
Key business highlights (FY2014 – 2015) Acquisition of Australand in FY2014 Re-listing on SGX in FY2014 6
Key business highlights (FY2015 – 2018) Frasers Hospitality Trust (FY2015) 5 UK Business Parks (FY2017) Completed family of Defensive investments SG REITs with FHT and FLT in UK/ Europe Geneba (FY2017) Alpha Industrial (FY2018) Frasers Log & Ind Trust (FY2016) 7
Reshaped portfolio Diversified across multiple geographies FY2012 1H FY2018 Total assets Total assets $29.9B $10.4B Total assets outside Total assets outside Singapore Singapore 34% 56% Singapore Australia Europe Others 8
Reshaped portfolio Diversified across multiple asset classes FY2012 1H FY2018 Total Total property assets 1 property assets 1 $8.6B $26.5B Total investment Total investment properties properties 46% 79% Development Retail Business Parks/Offices Hospitality Logistics/Industrial Property assets comprise investment properties, property, plant and equipment, investment in joint ventures and associates, and properties held for sale 1. 9
Dividend distribution track record Maintained annual dividend track record of 8.6 Singapore cents per share since listing, one of the highest among listed peers in Singapore FY17 FY16 FY15 Interim Dividend 2.4 Singapore cents 2.4 Singapore cents 2.4 Singapore cents Final Dividend 6.2 Singapore cents 6.2 Singapore cents 6.2 Singapore cents Total Dividend 8.6 Singapore cents 8.6 Singapore cents 8.6 Singapore cents 4.2% 5.8% 5.2% (based on FCL closing (based on FCL closing (based on FCL closing Dividend Yield share price of S$2.070 share price of S$1.495 share price of S$1.655 on 8 Nov 17) on 8 Nov 16) on 6 Nov 15) Payout Ratio (based on APBFE) 1 ~ 59% ~ 60% ~ 50% Interim dividend of 2.4 Singapore cents per share for 1H FY2018 on the back of healthy first half financial results After adjusting for distributions to perpetual securities holders 1. 10
Executing our business strategies Frasers Property Europe, Amsterdam office, The Netherlands
Frasers Property business approach Achieve sustainable earnings Sustainable growth through significant earnings development pipeline, investment growth properties, and fee income + Sustainable growth and Grow portfolio = in a balanced manner long-term Balanced across geographies portfolio and property segments shareholder value + Optimise capital productivity Optimised through REIT platforms capital and active asset management productivity initiatives 12
Core strategy 1: Building platforms Scalable platforms across asset classes and geographies Integrated Australia Europe Thailand value chain TICON Industrial Frasers Property Frasers Property Scaled Connection Public Europe Australia Company Limited Development, logistics & Acquired Alpha Secured ~62 ha (“TICON”) property and asset Industrial and six industrial across four management Increased deemed cross-dock facilities industrial sites in platforms interest from NSW, VIC, and QLD 40.95% to 89.5% 1 in Australia, Europe and TREIT Frasers Logistics & Industrial Trust (“FLT”) Largest logistics & Thailand FLT entered agreement 2 in April 2018 to REIT platforms industrial REIT in acquire 21 stabilised European properties Thailand Significant opportunities for cross-marketing to customers across multi-geographical platform Logistics & Industrial Logistics & Industrial Logistics & Industrial Total Development Total GLA Assets Under Pipeline 4 Management 3 5.9 Million 6.8 Million S$8.1 Billion Sq M 3 Sq M 3 Frasers Assets Co., Ltd. (“FAL”), the Group’s 49%-owned joint venture, had on 2 April 2018, pursuant to a share purchase agreement with Rojana Industrial Park Public Company Limited (“ Rojana ”), completed the acquisition of 26.1% 1. of TICON’s share capital. Completion triggered a tender offer for the remaining ordinary shares of TICON (not held by FPHT and FAL) by FAL and upon closing of the tender offer, FAL acquired a further 22.42% of TICON’s share capital, increasing FPL’s deemed interest in TICON from 40.95% to 89.46%. FLT unitholders approved the transaction at an extraordinary general meeting held on 8 May 2018, subject to completion conditions 13 2. Comprises 100% of the logistics and industrial assets in Australia, Europe and Thailand, in which the Group has an interest, including assets held by its REITs, joint ventures, associates and assets pending completion of acquisitions 3. Including land bank 4.
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