9 Andretti Court, Victoria One@Changi City Investor Presentation Jul 2016 1 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Agenda Overview of A-REIT Key Highlights for 1Q FY16/17 Financial Performance Investment Management Capital Management Asset Management Portfolio Update Portfolio Resilience Market Outlook A- REIT’s Strengths 2 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Overview of Ascendas Real Estate Investment Trust First and largest business space and industrial REIT listed on the Singapore Exchange and a constituent of the FTSE Straits Times Index effective 4 June 2014 Total assets of about S$9.8bn (US$7.2bn) as at 30 Jun 2016 Issuer and senior unsecured rating of A3 by Moody’s Diversified portfolio – 102 properties in Singapore, 27 properties in Australia Business & and 2 properties in China; Tenant base Science Park of around 1,450 local and international companies Integrated High Specs Development, Industrial / Amenities & Data Centres Retail (“IDAR”) Logistics & Distribution Light Industrial Centres / Flatted ( S’pore & Factories Australia) 3 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Singapore: Diversified Portfolio Positioned for Future Growth of the Singapore Economy Sub-sector Business Parks (BP) Science Parks (SP) Portfolio GFA (sqm) 410,647 332,716 % of A-REIT - by GFA 11% 9% - by asset value 18% 15% Characteristics Zone is defined by Govt Master Plan. Suburban office Zone is defined by Govt Master Plan. R&D space and corporate HQ buildings. Manufacturing activities equipped with building specifications to facilitate are not allowed. R&D works. Manufacturing activities are not allowed. Typical tenants Regional corporate HQs of industrial companies and Companies in research & development in various MNCs; backroom support office of financial fields including life sciences, food and chemicals, institutions; IT firms, etc. data analysis and IT research and development, etc. 4 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Singapore: Diversified Portfolio Positioned for Future Growth of the Singapore Economy Sub-sector Integrated Development, Hi-Specs Industrial (Hi-Specs) Data Centres (DC) Amenities & Retail (IDAR) Portfolio GFA (sqm) 157,299 528,408 109,756 % of A-REIT - by GFA 4% 14% 3% - by asset value 7% 15% 6% Characteristics Two or more types of space within Vertical corporate campus with Building and M&E specifications an integrated development such higher office content combined (eg raised floor, high power as business space, retail and with high specifications mixed-use capacity) to enable space to be warehousing facility. Typically industrial space. used as data centres. larger scale developments. Possess infrastructure and amenities to meet business needs. Typical tenants MNCs and corporates that desire Multi-national industrial Multi-national companies quality space with comprehensive companies and large local providing data centre services range of amenities to house their companies that wish to co-locate such as cloud computing and HQ and conduct their businesses their HQ functions with data storage. under one roof. Companies in IT, manufacturing services, fast moving consumer goods, engineering, R&D activities. engineering, warehousing, retail. 5 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Singapore: Diversified Portfolio Positioned for Future Growth of the Singapore Economy Sub-sector Light Industrial (LI) Flatted Factories (FF) Logistics & Distribution Centres (Log) Portfolio GFA (sqm) 393,740 197,143 835,825* % of A-REIT - by GFA 11% 5% 22% - by asset value 7% 3% 14% Characteristics Low office content combined with Stacked-up manufacturing space Warehouses with high floor manufacturing space. used for general manufacturing. loading and floor height. Well Ground floor space tends to located near major transport command higher rental rate due to nodes e.g. airport, seaport & higher floor loading and better expressways. Majority are single accessibility. or multi-storey facilities with vehicular ramp access 3 rd Typical tenants Large local companies which Local small & medium-size party logistics providers, house their light manufacturing enterprises engaged in various manufacturers, distributors and activities and HQ operations manufacturing activities. Some trading companies within a single facility. Higher MNC manufacturers also house manufacturing content compared their manufacturing operations in to Hi-Specs Industrial buildings. such buildings. *Excludes 297 Ahmad Ibrahim Road which has been decommissioned for asset enhancement works 6 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
A- REIT’s Singapore Property Map Strategically located along major expressways Several properties e.g. Business Park, Science Park and some High-Specs Industrial properties are in close proximity to MRT stations Light Industrial and Hi-Specs Industrial properties are primarily centrally located near major housing areas Logistics and Distribution Centres are located near airport and seaport 7 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Australia Portfolio – 27 Logistics Properties Perth (20,895 sqm) Sydney (236,708 sqm) 27. 35 Baile Road 1. 1A & 1B Raffles Glade 2. 7 Grevillea Street 3. 5 Eucalyptus Pace 4. Lot 4 Honeycomb Drive 5. 1-15 Kellet Close 6. 94 Lenore Drive 7. 484-490 Great Western Highway 8. 494-500 Great Western Highway 9. 1 Distribution Place, Seven Hills 10. 6-20 Clunies Ross Street, Pemulwuy WA, 4% Brisbane (155,966 sqm) QLD, 11. 62 Sandstone Place 25% NSW, 12. 92 Sandstone Place By rental 40% 13. 62 Stradbroke Street income 14. 82 Noosa Street 15. 77 Logistics Place 16. 99 Radius Drive VIC, 17. 2-56 Australand Drive 31% Portfolio GFA (sqm) 669,525 Melbourne (255,956 sqm) % of A-REIT 18. 14-28 Ordish Road 23. 700-718 Kororoit Creek Road - by GFA 18% 19. 35-61 South Park Drive 24. 9 Andretti Court - by asset value 11% 20. 2-34 Aylesbury Drive 25. 31 Permas Way 21. 81-89 Drake Boulevard 26. 162 Australis Drive 21. 676-698 Kororoit Creek Road 8 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
A- REIT’s Steady Growth since Listing 9 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Agenda Overview of A-REIT Key Highlights for 1Q FY16/17 Financial Performance Investment Management Capital Management Asset Management Portfolio Update Portfolio Resilience Market Outlook A- REIT’s Strengths 10 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Key Highlights for 1Q FY16/17 Total amount available for distribution rose by 15.5% y-o-y to S$106.9m Estimated DPU grew 4.0% y-o-y to 3.996 cents from 3.841 cents in 1Q FY15/16. Key performance drivers were: • Contributions from new acquisitions: Australian Portfolio and ONE@Changi City • Lower utilities expenses due to lower rates secured for certain properties with effect from 1Q FY16/17 • Increase in Singapore portfolio occupancy and positive rental reversion of 4.1% achieved over preceding contracted rental rates 11 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Key Highlights for 1Q FY16/17 Total amount available for distribution rose by 19.9% q-o-q to $106.9 million Estimated DPU grew 17.2% q-o-q to 3.996 cents from 3.410 cents • Boosted by newly acquired ONE@Changi City Investment highlights • S$24.6 million of asset enhancement works • S$59.4 million of divestments Proactive Capital Management • Moody’s re-affirmed A- REIT’s A3 credit rating • Healthy aggregate leverage of 37.0% with debt maturity of 3.3 years • 75.9% of borrowings is hedged for an average term of 3.8 years 12 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
Agenda Overview of A-REIT Key Highlights for 1Q FY16/17 Financial Performance Investment Management Capital Management Asset Management Portfolio Update Portfolio Resilience Market Outlook A- REIT’s Strengths 13 A-REIT is managed by Ascendas Funds Management (S) Ltd, a member of Ascendas-Singbridge Group
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