Frasers Centrepoint Trust

Presentation for UBS Global Real Estate CEO/CFO Conference 2021 1 December 2021

  • Certain statements in this Presentation constitute "forward-looking statements", including forward-looking financial information. Such forward-looking statement and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of FCT or the Manager, or industry results, to be materially different from any future results, 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 Manager's present and future business strategies and the environment in which FCT or the Manager will operate in the future. Because these statements and financial information reflect the Manager'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.
  • The Manager 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 the Manager'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 SGX-ST and/or any other regulatory or supervisory body or agency. The value of Units in FCT and the income derived from them may fall as well as rise. The Units in FCT are not obligations of, deposits in, or guaranteed by, the Manager or any of their affiliates. An investment in the Units in FCT is subject to investment risks, including the possible loss of the principal amount invested. Unitholders of FCT should note that they have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders of FCT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.
  • This Presentation contains certain information with respect to the trade sectors of FCT's tenants. The Manager has determined the trade sectors in which FCT's tenants are primarily involved based on the Manager's general understanding of the business activities conducted by such tenants. The Manager's knowledge of the business activities of FCT's tenants is necessarily limited and such tenants may conduct business activities that are in addition to, or different from, those shown herein.
  • This Presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of FCT. The past performance of FCT and the Manager is not necessarily indicative of the future performance of FCT and the Manager.
  • 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 the Manager has taken reasonable steps to ensure that the information is extracted accurately and in its proper context, the Manager has not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.

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  • Market capitalisation of approximately S$4 billion1, among the top-10 largest SREITs by market capitalisation
  • Retail portfolio comprises dominant malls with large catchment and connectivity to public transport
  • All malls are well-located on/next to MRT stations; enjoy healthy occupancy and high recurring shopper traffic
  • Portfolio properties serve a combined 2.6 million2 catchment population

S$6.1b

Asset Under

Management

9

Well-located

suburban retail

malls

2.3m

Net Lettable Area

Sq ft

>1,400

Retail leases

97.3%

Retail portfolio

committed

As at 30 Sep 2021

occupancy

NLA by property

Hougang Mall

White Sands

7%

7%

Changi City Point

Causeway

9%

Point

19%

Century Square

Total

9%

2.3m

Tiong Bahu

sq ft

Waterway

Plaza

Point

10%

17%

Northpoint City North Wing

Tampines 1

(incl. Yishun 10)

10%

12%

1.Based on FCT's closing price of $2.31 on 29 November 2021

2.Aggregate catchment population within 3km of each property in the portfolio. Population in overlapping areas are only counted once. Source: Cistri, 2021

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Causeway Point

Waterway Point (40%-owned)1

Tampines 1

Northpoint City North Wing2

NLA: 419,626 sq ft

NLA: 389,335 sq ft

NLA: 268,504 sq ft

NLA: 240,214 sq ft

BCA Green Mark Platinum

BCA Green Mark GoldPlus

BCA Green Mark GoldPlus

BCA Green Mark Gold

Tiong Bahru Plaza

Century Square

Changi City Point

Hougang Mall

White Sands

NLA: 214,708 sq ft

NLA: 211,283 sq ft

NLA: 208,399 sq ft

NLA: 165,615 sq ft

NLA: 150,375 sq ft

BCA Green Mark Platinum

BCA Green Mark Platinum

BCA Green Mark GoldPlus

BCA Green Mark Platinum

  1. FCT has 40.0% interest in the ownership and voting rights in a joint venture, Sapphire Star Trust, a private trust that owns Waterway Point. Waterway Point is managed by Frasers Property Limited
  2. Includes Yishun 10 retail podium

Note: Net lettable area (NLA) shown for the malls includes areas for the Community/Sports Facilities Scheme (CSFS). NLA as at 30 September 2021

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Essential services 54.4% (by GRI)

FCT's retail portfolio comprises 54.4% of

Essential services (by GRI)

F&B

Non-essential

Services,

45.6%FCT

retail portfolio

trade mix

By GRI

Services

Supermarket &

Hypermarket

Beauty & Health

  • Essential services comprise necessity trades like F&B, grocery and services patronised by shoppers regularly
  • Suburban malls generally have higher proportion of essential services at about 40%2 of NLA, compared to central malls at 20-30%2. FCT's essential services trade mix by NLA is about 45%

1.The groupings of essential and non-essential services are based on Ministry of Trade and Industry's press release on 21 April 2020. Note that the individual product group may not align perfectly to the announced Essential Services

2.Source: Cistri, 2020

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Frasers Centrepoint Trust published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 08:40:02 UTC.