Second Quarter FY2020 Fin inancial Results 20 Feb ebruary 2020 KEY - PowerPoint PPT Presentation

Second Quarter FY2020 Fin inancial Results 20 Feb ebruary 2020

KEY HIGHLIGHTS – 2Q FY2020 • Income available for distribution of RM32.7 FINANCIAL PORTFOLIO million, -1.2% q-o-q • 1.9158 sen distribution per unit ( “DPU” ) HIGHLIGHTS MANAGEMENT declared for 2Q FY2020 • Properties in Malaysia and Japan under master leases • 2Q FY2020 average occupancy rate for properties in Australia at 88.1%, 3.9 percentage points higher as compared to 2Q FY2019 CAPITAL • 2Q FY2020 ADR for properties in Australia at AUD287, 3.6% lower as compared to 2Q FY2019 ADR of AUD298 MANAGEMENT • 2Q FY2020 RevPAR for properties in Australia at AUD253, • Average interest rates for the quarter 0.9% higher as compared to 2Q FY2019 RevPAR of ‐ Borrowings in Ringgit Malaysia : 4.9% AUD251 ‐ Borrowings in Australian Dollar : 4.5% ‐ Borrowings in Japanese Yen : 0.8% • Melbourne Marriott Renovation Capex (Planned): AUD3 million • Debt headroom of ~RM807 million for acquisitions (Leverage limit reduced to 50% under new regulatory guidelines) 2

REBRANDING VISTANA HOTELS TO AC HOTELS Not Notes es: Rebran brandi ding g of of Vi Vistan ana Hot otel els to o AC Hot otel els in Febru bruary ary 2020. 20. La Launc unch h parties es held d on on 4 Februa ebruary ry 2020 20 at AC Hot otel Ku Kuala a Lu Lumpur mpur Titiwangs angsa, 5 Februa bruary ry 2020 20 at AC Hot otel el Pena nang ng Bukit Jambul mbul, and d 7 Februa bruary ry 2020 20 at AC Hot otel el Ku Kuant ntan an City y Cent ntre. re. 3

1 Fin inancial performances 2Q FY2020 Pang angkor Lau Laut Reso esort Per erak Dar Darul Ridz Ridzuan, , Mala alaysia

FINANCIAL PERFORMANCE: 2Q FY2020 1 October - 31 December 2Q FY2020 2Q FY2019 Change Total Revenue 131.1 132.5 (1.0%) (1) - Hotel Revenue (Management Contracts) 89.0 91.9 (3.1%) (2) - Lease Rental (Master Leases) 42.1 40.6 + 3.7% Net Property Income (NPI) 71.0 69.3 + 2.5% (3) - Management Contracts 32.3 31.9 + 1.2% (2) - Master Leases 38.8 37.4 + 3.6% Income available for distribution 32.7 33.0 (1.2%) Income distribution 32.7 33.0 (1.2%) - from current quarter 32.7 33.0 (1.2%) Distribution per unit (DPU) (sen) 1.9158 1.9387 (1.2%) Payout ratio (%) 100.0 100.0 0.0 pp* * pp = = ch change in percentage points Not Notes: es: (1 (1) Decrea reased ed ma mainl nly due due to to the we weaken ening ng of of Aust stral ralian Dol ollar agai ains nst Ring nggi git Ma Malays ysia. (2) Incre (2 reas ased ed ma mainl nly due due to to addi ditional onal rent ntal al from JW JW Ma Marri riott Hot otel el Ku Kuala Lu Lumpur mpur eff ffec ective July 2019 19 after fter comp omplet etion on of of the reimburs bursem ement ent for or renov novat ation cos osts paid by by the less essee. (3) Incre (3 reas ased ed ma mainl nly due due to to op operat rationa onal eff fficien ency and and cos ost saving ngs. All figures gures in RM M mi million on unless s indi dicat ated ed ot otherw erwise se. 5

STATEMENT OF FINANCIAL POSITION As at 31 December 2019 As at 30 June 2019 RM ('000) Change (Unaudited) (Audited) Investment properties 2,721,133 2,732,554 (0.4%) Property, plant and equipment 1,889,709 1,946,226 (2.9%) Cash & cash equivalents 145,807 148,972 (2.1%) Other assets 48,078 37,025 + 29.9% Total Assets 4,804,727 4,864,777 (1.2%) Borrowings 1,993,500 2,009,424 (0.8%) Other liabilities 111,991 118,253 (5.3%) Total Liabilities 2,105,491 2,127,677 (1.0%) (1) Net Asset Value (NAV) 2,699,236 2,737,100 (1.4%) Number of units in circulation ('000) 1,704,389 1,704,389 0.0% (1) NAV per unit (RM) 1.584 1.606 (1.4%) Note: Not e: (1) 1) After r tot otal al income me dist stri ribu bution n of of RM66. 6.0 0 mi million n in n resp spec ect of of YT YTD FY2 Y202 020. 0. 6

DPU PERFORMANCE Total DPU DPU Qu Quarterly Br Brea eakdown DPU (sen) 10 8.4613 8.0838 7.9746 7.8938 7.8683 7.8711 7.6359 4Q 4Q 7.3803 2.0989 Total Distributions* 6.4855 6.4855 FY2019 FY2020 Cumulative 134.2 66.0 3Q 3Q 1.9116 4Q 35.8 5 3Q 32.6 3.8742 2Q 33.0 32.7 2Q 2Q 1.9158 1.9387 1Q 32.8 33.4 * In RM million 1Q 1Q 1.9219 1.9584 0 FY2019 FY2020 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Not Notes: es: 1. 1. Quar arterl rly dist stri ribut utions ns comme ommenc nced ed duri ring ng the fina nanc ncial al year ar ende ded d 31 Decem ember ber 2014 14. 2. 2. DPUs s subs ubsequ quent ent to o the e issu ssuan ance e of of 380, 0,00 000, 0,00 000 0 new plac acem ement ent units on on 16 Decem ember ber 2016 16 are based sed on on the e enlarg arged ed number mber of of units in issu ssue. 7

QUARTERLY FINANCIAL PERFORMANCES FY2 Y2018 FY2 Y2019 FY2 Y2020 TOTAL revenue NET property income RM (mill illio ion) RM (mill illio ion) 1.0% 1.0% 150 150 132.5 131.1 129.2 125.9 120.7 11 118.7 116.6 113.9 100 100 2.5% 2.5% 71.0 69.3 67.9 67.4 62.7 60.3 58.1 56.3 50 50 50 50 0 0 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 8

QUARTERLY FINANCIAL PERFORMANCES BY COUNTRY 2Q 2Q FY2 Y2019 2Q 2Q FY2 Y2020 TOTAL revenue NET property income RM (m RM (mil illion) RM (m RM (mil illion) 3.1% 3.1% 100 100 100 100 91.9 89.0 4.5% 4.5% 50 50 50 50 4.5% 4.5% 1.2% .2% 35.1 33.5 33.2 32.3 31.8 31.9 0.1% 0.1% 1.8% 1.8% 7.0 7.0 7.0 5.6 5.6 5.5 5.5 0 0 Malaysi sia Australi lia Japan Malaysi sia Australi lia Japan 9

NPI FOR AUSTRALIA IN AUD AND RM NPI in RM impacted by the foreign exchange effects of the weaker AUD relative to RM AUD D (mil (million) RM (m RM (mil illion) 6.2% .2% 1.2% 1.2% 40 40 12 12 20 20 6 0 0 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 1Q 2Q 1Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 10

NPI FOR JAPAN IN JPY AND RM NPI in RM impacted by the foreign exchange effects of the stronger JPY relative to RM JP JPY Y (m (mil illion) RM (m RM (mil illion) 1.8% 1.8% 5.3% .3% 8 180 120 4 60 60 0 0 1Q 2Q 1Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q FY2019 FY2015 FY2016 FY2017 FY2018 FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 11

UNIT PRICE PERFORMANCE YTL Hospitality REIT’s YTL Hospitality REIT’s Uni nit Pric rice Mo Movement & & Rela elativ ive Per erfor ormance to o FBM FBMKLCI Uni nit Pric rice Mo Movement & & Rela elativ ive Per erfor ormance to o REI REIT T Ind ndex (1 (1 Ja January ry 2012 to o 31 De December 2019) (1 (1 Oc Octob ober 2017 to o 31 De December 2019) RM RM % RM RM % 1.40 50 50 1.40 30 30 Unit Price Unit Price (left scale) (left scale) 25 25 1.20 Outp utperform 20 20 FBMKLCI FB Outp utperform 1.20 0 RE REIT Ind ndex Und nderperform FBMKLCI FB 10 10 1.00 -25 Relative Performance (right scale) Relative Performance (right scale) 1.00 0 0.80 -50 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Ju Ju Ju Ju Ju Ju Ju Ja Ja Ja Ja Ja Ja Ja TRA RADING STATISTIC Closing price (1) RM1.36 Market Cap (RM) (1) RM2,318 mil Units issued (1) 1,704,388,889 Notes: Not es: Average daily traded volume for (1) 1) As at 31 Decem embe ber 2019. 19. 2Q FY2020 (‘000 units) (2) 671.0 (2) 2) For or the e quart arter er ended nded 31 Decem ember ber 2019 19. 12 Source: Bloomberg

Fin inancial performances: : 6 months ended 2 31 December 2019 (YTD FY2020) JW Mar arriott Kua uala Lum Lumpur, Mala alaysi sia