CPN Re ta il Growth L e a se hold RE IT Inve stor Pre se nta tion Q4 2017 Ma rc h 2018
Disc laime r • T he info rma tio n c o nta ine d in this pre se nta tio n is fo r info rma tio n purpo se s o nly a nd d o e s no t c o nstitute a n o ffe r o r invita tio n to se ll o r the so lic ita tio n o f a n o ffe r o r invita tio n to purc ha se o r subsc ribe fo r units in CPN Re ta il Gro wth L e a se ho ld RE IT (CPNRE IT a nd units in CPNRE IT , “Units”) in a ny jurisd ic tio n no r sho uld it o r a ny pa rt o f it fo rm the b a sis o f, o r b e re lie d upo n in a ny c o nne c tio n with, a ny c o ntra c t o r c o mmitme nt wha tso e ve r. • T his pre se nta tio n ma y inc lude info rma tio n whic h is fo rwa rd -lo o king in na ture . F o rwa rd -lo o king info rma tio n invo lve kno wn a nd unkno wn risks, unc e rta intie s a nd o the r fa c to rs whic h ma y impa c t o n the a c tua l o utc o me s, inc lud ing e c o no mic c o nd itio ns in the ma rke ts in whic h CPNRE I T o pe ra te s a nd g e ne ra l a c hie ve me nt o f CPNRE IT b usine ss fo re c a sts, whic h will c a use the a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts o f CPNRE IT to d iffe r, pe rha ps ma te ria lly, fro m the re sults, pe rfo rma nc e o r a c hie ve me nts e xpre sse d o r implie d in this pre se nta tio n. • T his pre se nta tio n ha s b e e n pre pa re d b y the CPN RE IT Ma na g e me nt Co mpa ny L imite d a s the RE IT Ma na g e r o f CPNRE IT . T he info rma tio n in this pre se nta tio n ha s no t b e e n ind e pe nd e ntly ve rifie d . No re pre se nta tio n, wa rra nty, e xpre ss o r implie d , is ma d e a s to , a nd no re lia nc e sho uld b e pla c e d o n, the fa irne ss, a c c ura c y, c o mple te ne ss o r c o rre c tne ss o f the info rma tio n a nd o pinio ns in this pre se nta tio n. No ne o f the RE IT Ma na g e r o r Pro pe rty Ma na g e r o r a ny o f its a g e nts o r a d vise rs, o r a ny o f the ir re spe c tive a ffilia te s, a d vise rs o r re pre se nta tive s, shall ha ve a ny lia b ility (in ne g lig e nc e o r o the rwise ) fo r a ny lo ss ho wso e ve r a rising fro m a ny use o f this pre se nta tio n o r its c o nte nts o r o the rwise a rising in c o nne c tio n with this pre se nta tio n. • T his pre se nta tio n is ma d e , furnishe d a nd d istrib ute d fo r info rma tio n purpo se s o nly. No p a rt o f this pre se nta tio n sha ll b e re lie d upo n d ire c tly o r ind ire c tly fo r a ny inve stme nt d e c isio n-ma king o r fo r a ny o the r purpo se s. • T his pre se nta tio n a nd all o the r info rma tio n, ma te ria ls o r d o c ume nts pro vid e d in c o nne c tio n the re with, shall no t, e ithe r in who le o r in pa rt, b e re pro d uc e d , re d istrib ute d o r ma d e a va ila ble to a ny o the r pe rso n, sa ve in stric t c o mplia nc e with a ll a pplic a b le la ws. Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . Disc la ime r Pa g e 2
Age nda CPNRE IT Inve stme nt Proposition Growth Stra te g y Inve stme nt Upda te s Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . Ag e nd a Pa g e 3
? Why inve st in CPNRE IT Inve ste d pr ope r tie s size T he lar ge st r e tail RE IT in T hailand s (1) of T hailand’s r e tail PF s/ RE IT 1 Unit: T HB b n with o ve r T HB 44 b illio n wo rth o f inve ste d pro pe rtie s 44.3 T op- c lass asse ts in pr ime loc ations 30.2 2 dive rsifie d thro ug ho ut Ba ng ko k a nd ma jo r pro vinc e s in T ha ila nd 7.2 6.4 4.1 3.8 Str ong pr ofe ssional ne twor k 3 CPNREI T T L GF F UT URE PF L HSC CRYST AL MJL F c o mprising le a de rs in mixe d-use pro pe rty de ve lo pme nt a nd a sse t ma na g e me nt industrie s Solid pe r for manc e tr ac k r e c or d 4 in b o th fina nc ia l a nd o pe ra ting re sults F le xible funding c apac ity for e xpansion 5 inve stme nts thro ug h le ve ra g e d fina nc ing Consiste ntly high distr ibution yie lds 6 a nd re wa rd susta ina b le re turns to unitho lde rs No te : (1) Ba se d o n a nno unc e me nts o f la te st fina nc ia l re sults fo r Pro pe rty F unds a nd RE I T s o n the Sto c k E xc ha ng e o f T ha ila nd Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . CPNRE IT Pro po sitio n Pa g e 4
d E stablishme nt and inve stme nt tr ac k r e c or A robust a nd dive rsifie d portfolio of hig h- qua lity a sse ts 2017 5 1 2 Co nve rsio n o f Shopping Ce nte rs Offic e Building s Hote l CPNRF to (2) CPNRE IT Ac quisition of Ce ntralPlaza Rama 2 Ac quisition of Ce ntralPlaza Rama 3 Ce ntralPlaza Chiang mai Airpo rt 2009 Ac quisition of Ce ntralF e stival Pattaya Be ac h 1 st F o llo w-o n Hilto n Pattaya Ho te l Offe ring 2005 Initia l Pub lic 2014 Offe ring o f (1) CPNRF 2 nd F o llo w-o n Offe ring Ac quisition of Ce ntralPlaza Pinklao No te : (1) CPN Re ta il Gro wth L e a se ho ld Pro pe rty F und (2) T he c o nve rsio n o f CPNRF to CPNRE I T , a lo ng with the two a sse ts a c q uire d, wa s c o mple te d o n De c e mb e r 1, 2017 Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . CPNRE IT Ove rvie w Pa g e 5
ime loc ations T op- c lass asse ts at pr F r ont-r unning pr ope r tie s in Gr e a te r Ba ng kok a nd ma jor pr ovinc e s for loc a ls a nd tour ists Ce ntra lPla za Pinkla o Pinkla o T owe r A & B Ce ntra lPla za Chia ng ma i Airport Ye a r a c q . 2009 Ye a r a c q . 2009 L e a se e nd De c -2024 L e a se e nd De c -2024 Ye a r a c q . 2014 NL A (sq m) 27,611 NL A (sq m) 34,031 L e a se e nd Apr-2044 Oc c . ra te 99% Oc c . ra te 85% NL A (sq m) 37,490 Oc c . ra te 93% Ce ntra lPla za Ra ma 2 Chia ng ma i Ye a r a c q . 2005 L e a se e nd Aug -2025 T hailand NL A (sq m) 82,746 Ce ntra lF e stiva l Pa tta ya Be a c h Oc c . ra te 94% Pa tta ya Ye a r a c q . 2017 L e a se e nd Aug -2037 Bangkok NL A (sq m) 29,404 Me tr opolitan Oc c . ra te 98% Ar e a Hilton Pa tta ya 2 Ye a r a c q . 2017 Ce ntra lPla za Ra ma 3 L e a se e nd Aug -2037 Ye a r a c q . 2005 Ro o ms 302 e a se e nd (1) Oc c . ra te 93% L Aug -2095 NL A (sq m) 36,285 Oc c . ra te 78% No te : Asse t info rma tio n a s o f De c e mb e r 31, 2017 (1) Inc lude s o ptio n to e xte nd le a se 2 mo re time s a t 30 ye a rs e a c h. e a rns re nta l inc o me (2) Pro pe rty sub le a se d to CPN Pa tta ya Ho te l Co ., L td.in whic h CPNRE I T Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . CPNRE IT Ove rvie w Pa g e 6
s Str ong r e lationship with industr y le ade r RE IT and its unde r lying asse ts ar e manage d by pr ofe ssional le ade r s in the industr y E xpe r ie nc e d s Unitholde r RE IT manage r Hig h c a lib e r pro fe ssio na ls T r uste e with e xte nsive e xpe rie nc e in re ta il a sse t inve stme nt a nd ma na g e me nt Re gionally ac c laime d RE IT Manage r pr ope r ty manage r Ove r 30 ye a rs o f e xpe rie nc e a nd o ne o f So uthe a st Asia ’ s la rg e st pro pe rty de ve lo pe r 5 Shopping a nd ma na g e r fo r 32 wo rld Hilton Hote l Ce nte r s & 2 c la ss mixe d-use de ve lo pme nt Pattaya Manage r pro je c ts in T ha ila nd Offic e Buildings Sub le ase Wor ld- c lass hote l Ag re e me nt manage r Ne a rly a c e ntury o f ho te l Pr ope r ty CPN Pattaya o pe ra to rship a nd o ne o f the Manage r Hote l Co., L td. le a ding g lo b a l ho spita lity b ra nds Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . CPNRE IT Ove rvie w Pa g e 7
e Dive r sifie d unitholde r str uc tur Str ong suppor t fr om r e tail and institutional unitholde r s, as we ll as fr om Ce ntr al Pattana PCL (CPN) as the Sponsor s Unitholde r Unit: % o f to tal units o utstanding F or e ign Institutions T r uste e 13.0 26.7 2,122.48 millio n units 30.7 RE IT Manage r Re tail o utsta nding L oc al 29.6 Institutions 5 Shopping Hilton Hote l Ce nte r s & 2 Pattaya Manage r Offic e Buildings Mar ke t Capitalization (T HB mn) 48,896 Unit Pr ic e (T HB/ shar e ) 22.10 So urc e : SE T SMART a s o f Ma rc h 9, 2018 T SD b o o king re c o rd a s o f F e b rua ry 7, 2017 Pr ope r ty CPN Pattaya Manage r Hote l Co., L td. E xpe r ie nc e d SCB Asse t Ma na g e me nt Co ., L td. ma na g e d CPNRF fo r ne a rly 10 ye a rs uste e T r a nd is o ne o f the la rg e st, mo st e xpe rie nc e d a nd a c c o mplishe d a sse t ha ila nd. ma na g e me nt c o mpa nie s in T Pre pa re d b y Inve sto r Re la tio ns, CPN RE I T Ma na g e me nt Co ., L td . CPNRE IT Ove rvie w Pa g e 8
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