Third Quarter FY2019 Fin inancial l Results 31 May 2019 KEY - PowerPoint PPT Presentation

Third Quarter FY2019 Fin inancial l Results 31 May 2019

KEY HIGHLIGHTS – 3Q FY2019 • Income available for distribution of RM32.6 FINANCIAL PORTFOLIO million, -1.35% q-o-q HIGHLIGHTS • 1.9116 sen distribution per unit ( “DPU” ) MANAGEMENT declared for 3Q FY2019 • Properties in Malaysia and Japan under master leases • 3Q FY2019 average occupancy rate for properties in Australia at 84.5%, 4.6 percentage points lower as compared to 3Q FY2018 due to the renovation at CAPITAL Brisbane Marriott • 3Q FY2019 ADR for properties in Australia at AUD292, MANAGEMENT 3.3% higher as compared to 3Q FY2018 • Average interest rates for the quarter • 3Q FY2019 RevPAR for properties in Australia at AUD247, ‐ Borrowings in Ringgit Malaysia : 5.0% 2.1% lower as compared to 3Q FY2018 ‐ Borrowings in Australian Dollar : 4.5% ‐ Borrowings in Japanese Yen : 0.8% • Renovation Capex - Brisbane Marriott (Completed): AUD18 million • Debt headroom of ~RM835 million for acquisitions - Melbourne Marriott (Planned): AUD1 million (Leverage limit reduced to 50% under new regulatory guidelines) 2

1 Fin inancial performances 3Q FY2019 Pang angkor Lau Laut Reso esort Per erak Dar Darul Ridz Ridzuan, , Mala alaysia

FINANCIAL PERFORMANCE: 3Q FY2019 1 January - 31 March 3Q FY2019 3Q FY2018 Change Total Revenue 125.9 129.2 (2.5%) (1) - Hotel Revenue (Management Contracts) 85.5 91.5 (6.6%) (2) - Lease Rental (Master Leases) 40.4 37.6 + 7.4% Net Property Income (NPI) 67.4 67.9 (0.8%) (1) - Management Contracts 29.6 32.8 (9.8%) (2) - Master Leases 37.8 35.1 + 7.8% Income available for distribution 32.6 33.0 (1.4%) Income distribution 32.6 33.0 (1.4%) - from current quarter 32.6 33.0 (1.4%) Distribution per unit (DPU) (sen) 1.9116 1.9378 (1.4%) Payout ratio (%) 100.0 100.0 0.0 pp* * pp = = ch change in percentage points Not Notes: es: (1) Decrea (1 reased ed ma mainl nly due due to to (i) the refurbi efurbish shment ent exercis ercise at at Brisban bane Ma Marri rriot ott and and (ii) the we weak akeni ening ng of of Aust stra ralian an Dol ollar ar agai ains nst Ringgi nggit Ma Malay aysi sia. (2) Incre (2 reas ased ed ma mainl nly due due to to the acqui quisition of of The The Gr Green een Le Leaf af Ni Nise seko Vi Village age in in Sept ptembe mber 2018 18. All figures gures in RM M mi million on unless s indi dicat ated ed ot otherw erwise se. 4

STATEMENT OF FINANCIAL POSITION As at 31 March 2019 As at 30 June 2018 RM ('000) Change (Unaudited) (Audited) (1) Investment properties 2,595,908 2,371,618 + 9.5% Property, plant and equipment 1,874,326 1,947,753 (3.8%) Cash & cash equivalents 149,136 155,457 (4.1%) Other assets 43,838 36,827 + 19.0% Total Assets 4,663,208 4,511,655 + 3.4% (2) Borrowings 1,906,909 1,687,694 + 13.0% Other liabilities 112,986 105,450 + 7.1% Total Liabilities 2,019,895 1,793,144 + 12.6% (3) Net Asset Value (NAV) 2,643,313 2,718,511 (2.8%) Number of units in circulation ('000) 1,704,389 1,704,389 0.0% (3) NAV per unit (RM) 1.551 1.595 (2.8%) Not Notes es: (1 (1) Incre reas ased ed due e to o the acqui quisition on of of The e Gr Green en Le Leaf af Ni Nisek seko o Vi Village ge on on 26 Sept eptem ember ber 2018 18. (2 (2) Incre reas ased ed due e to o the acqui quisition on of of The e Gr Green en Le Leaf af Ni Nisek seko o Vi Village ge on on 26 Sept eptem ember ber 2018 18 and d draw awdow down n for or refu furbi rbishm hmen ent of of Brisban ane Ma Marri rriot ott. (3) 3) After r tot otal al income me dist stri ribu bution n of of RM98. 8.4 4 mi million n in n resp spec ect of of YT YTD FY2 Y201 019. 9. 5

DPU PERFORMANCE Total DPU DPU Qu Quarterly Br Brea eakdown DPU (sen) 10 8.4613 8.0838 7.9746 7.8938 7.8683 7.6359 7.3803 1.9651 4Q 4Q Total Distributions* 6.4855 6.4855 5.7722 FY2018 FY2019 1.9378 Cumulative 134.1 98.4 3Q 3Q 1.9116 5 4Q 33.5 3Q 33.0 32.6 1.9917 1.9387 2Q 2Q 2Q 33.9 33.0 1Q 33.6 32.8 1.9737 1.9219 1Q 1Q * In RM million 0 FY2018 FY2019 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 Notes: Not 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 30 June ne 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. 6

QUARTERLY FINANCIAL PERFORMANCES FY2 Y2019 FY2 Y2017 FY2 Y2018 TOTAL revenue NET property income RM (mill illio ion) RM (mill illio ion) 150 150 2.5% 2.5% 134.7 132.5 129.2 125.9 120.5 116.6 113.9 111.1 100 100 0.8% 0.8% 69.3 67.9 67.7 67.4 58.1 56.3 56 55.1 55 47.8 50 50 50 50 0 0 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q 3Q 3Q 7

QUARTERLY FINANCIAL PERFORMANCES BY COUNTRY 3Q FY2 3Q Y2018 3Q 3Q FY2 Y2019 TOTAL revenue NET property income RM RM (m (mil illion) RM RM (m (mil illion) 100 100 6.6% 6.6% 100 100 91.5 85.5 50 50 50 50 9.8% 9.8% 33.5 33.5 32.8 31.7 31.7 29.6 69.7% 69 .7% 82.0% 82 .0% 6.9 6.0 6.0 4.1 4.1 3.3 3.3 0 0 Malaysi sia Australi lia Japan Malaysi sia Australi lia Japan 8

NPI FOR AUSTRALIA IN AUD AND RM NPI in RM impacted by the foreign exchange effects of the weaker AUD relative to RM 4.5% 4.5% 9.8% 9.8% AUD D (m (mil illion) RM (m RM (mil illion) 12 12 40 40 6 20 20 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 3Q 3Q 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 3Q 3Q FY2016 FY2017 FY2018 FY2019 FY2018 FY2019 FY2014 FY2015 FY2014 FY2015 FY2016 FY2017 9

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 RM (m (mil illion) 78.3% 78 .3% 82 82.0% .0% 180 8 6 120 4 60 60 2 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 3Q 3Q 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 3Q 3Q FY2018 FY2019 FY2015 FY2019 FY2014 FY2015 FY2016 FY2017 FY2014 FY2016 FY2017 FY2018 10

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 REI REIT T Ind ndex Uni nit Pric rice Mo Movement & & Rela elativ ive Per erfor ormance to o FBM FBMKLCI (1 (1 Oc Octob ober 2017 to o 31 Mar March 2019) (1 (1 Ja January ry 2012 to o 31 Mar March 2019) RM RM RM RM % % Unit Price Relative Performance 1.40 40 40 (left scale) (right scale) 1.35 15 15 Unit Price (left scale) 1.30 20 20 1.25 1.20 Outp utperform 10 10 FB FBMKLCI 1.20 Outp utperform 0 RE REIT Ind ndex Und nderperform 1.15 1.00 FBMKLCI FB 5 Relative Performance 1.10 -20 (right scale) 1.05 1.00 0 0.80 -40 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 Oct-17 Jan-18 Ja Apr-18 Jul-18 Ju Oct-18 Jan-19 Ja Ju Ju Ju Ju Ju Ju Ju Ja Ja Ja Ja Ja Ja Ja Ja TRA RADING STATISTIC Closing price (1) RM1.28 Market Cap (RM) (1) RM2,182 mil Units issued (1) 1,704,388,889 Notes: Not es: Average daily traded volume for (1) 1) As at 29 Ma March h 2019 19. 433.2 3Q FY2019 (‘000 units) (2) (2) 2) For or the e quart arter er ended nded 31 Ma March h 2019 19. 11 Source: Bloomberg

Fin inancial performances: : 9 months ended 2 31 March 2019 (YTD FY2019) JW Mar arriott Kua uala Lum Lumpur, Mala alaysi sia