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

Second Quarter FY2020 Fin inancial Results

20 Feb ebruary 2020

2

• 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

• 2Q FY2020 ADR for properties in Australia at AUD287,

3.6% lower as compared to 2Q FY2019 ADR of AUD298

• 2Q FY2020 RevPAR for properties in Australia at AUD253,

0.9% higher as compared to 2Q FY2019 RevPAR of AUD251

• Melbourne Marriott Renovation Capex (Planned): AUD3

million

PORTFOLIO MANAGEMENT HIGHLIGHTS FINANCIAL

KEY HIGHLIGHTS –2Q FY2020

CAPITAL MANAGEMENT

• Income available for distribution of RM32.7

million, -1.2% q-o-q

• 1.9158 sen distribution per unit (“DPU”)

declared for 2Q FY2020

• Average interest rates for the quarter

‐ Borrowings in Ringgit Malaysia : 4.9% ‐ Borrowings in Australian Dollar : 4.5% ‐ Borrowings in Japanese Yen : 0.8%

• Debt headroom of ~RM807 million for acquisitions

(Leverage limit reduced to 50% under new regulatory guidelines)

3

REBRANDING VISTANA HOTELS TO AC HOTELS

Not Notes es: Rebran brandi ding g of

• f Vi

Vistan ana Hot

• tel

els to

• AC Hot
• tel

els in Febru bruary ary 2020. 20. La Launc unch h parties es held d on

• n 4 Februa

ebruary ry 2020 20 at AC Hot

• tel Ku

Kuala a Lu Lumpur mpur Titiwangs angsa, 5 Februa bruary ry 2020 20 at AC Hot

• tel

el Pena nang ng Bukit Jambul mbul, and d 7 Februa bruary ry 2020 20 at AC Hot

• tel

el Ku Kuant ntan an City y Cent ntre. re.

1

Fin inancial performances 2Q FY2020

Pang angkor Lau Laut Reso esort Per erak Dar Darul Ridz Ridzuan, , Mala alaysia

1 October - 31 December 2Q FY2020 2Q FY2019 Change Total Revenue 131.1 132.5 (1.0%)

• Hotel Revenue (Management Contracts)

89.0 91.9 (3.1%)

• Lease Rental (Master Leases)

42.1 40.6 + 3.7%

Net Property Income (NPI) 71.0 69.3 + 2.5%

• Management Contracts

32.3 31.9 + 1.2%

• 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*

Not Notes: es: (1 (1) Decrea reased ed ma mainl nly due due to to the we weaken ening ng of

• f Aust

stral ralian Dol

• llar agai

ains nst Ring nggi git Ma Malays ysia. (2 (2) Incre reas ased ed ma mainl nly due due to to addi ditional

• nal rent

ntal al from JW JW Ma Marri riott Hot

• tel

el Ku Kuala Lu Lumpur mpur eff ffec ective July 2019 19 after fter comp

• mplet

etion

• n of
• f the reimburs

bursem ement ent for

• r renov

novat ation cos

• sts paid by

by the less essee. (3 (3) Incre reas ased ed ma mainl nly due due to to op

• perat

rationa

• nal eff

fficien ency and and cos

• st saving

ngs. All figures gures in RM M mi million

• n unless

s indi dicat ated ed ot

• therw

erwise se. 5

FINANCIAL PERFORMANCE: 2Q FY2020

* pp =

= ch change in percentage points

(2) (2) (3) (1)

6

STATEMENT OF FINANCIAL POSITION

Not Note: e: (1) 1) After r tot

• tal

al income me dist stri ribu bution n of

• f RM66.

6.0 0 mi million n in n resp spec ect of

• f YT

YTD FY2 Y202 020. 0.

(1) (1)

RM ('000) As at 31 December 2019 (Unaudited) As at 30 June 2019 (Audited) Change 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%) 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% NAV per unit (RM) 1.584 1.606 (1.4%)

7

Qu Quarterly Br Brea eakdown

Not Notes: es: 1. 1. Quar arterl rly dist stri ribut utions ns comme

• mmenc

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

• the

e issu ssuan ance e of

• f 380,

0,00 000, 0,00 000 0 new plac acem ement ent units on

• n 16 Decem

ember ber 2016 16 are based sed on

• n the

e enlarg arged ed number mber of

• f units in issu

ssue.

DPUPERFORMANCE

DPU (sen)

Total DPU DPU

1Q 1Q 2Q 2Q 3Q 3Q 4Q 4Q

FY2019 FY2020 Cumulative 134.2 66.0 4Q 35.8 3Q 32.6 2Q 33.0 32.7 1Q 32.8 33.4 Total Distributions*

* In RM million

6.4855 6.4855 7.6359 7.3803 8.4613 7.9746 7.8938 8.0838 7.8683 7.8711 3.8742 5 10 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 1.9219 1.9584 1.9387 1.9158 1.9116 2.0989 FY2019 FY2020

129.2 116.6 125.9 11 118.7 113.9 132.5 120.7 131.1 50 50 100 150

3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q RM (mill illio ion) RM (mill illio ion)

8

QUARTERLY FINANCIAL PERFORMANCES

TOTALrevenue NETproperty income

FY2 Y2019 FY2 Y2018

2.5% 2.5%

FY2 Y2020

1.0% 1.0%

67.9 58.1 67.4 60.3 56.3 69.3 62.7 71.0 50 50 100 150

3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q

31.8 31.9 5.6 5.6 33.2 32.3 5.5 5.5

50 50 100 100

Malaysi sia Australi lia Japan

33.5 91.9 7.0 7.0 35.1 89.0 7.0

50 50 100 100

Malaysi sia Australi lia Japan RM RM (m (mil illion) RM RM (m (mil illion)

2Q 2Q FY2 Y2020 2Q 2Q FY2 Y2019

9

QUARTERLY FINANCIAL PERFORMANCES BY COUNTRY

TOTALrevenue NETproperty income

1.2% .2% 4.5% 4.5% 4.5% 4.5% 3.1% 3.1% 0.1% 0.1% 1.8% 1.8%

20 20 40 40 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 6 12 12 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 FY2015

10

NPI FOR AUSTRALIA IN AUD AND RM

AUD D (mil (million) RM RM (m (mil illion)

NPI in RM impacted by the foreign exchange effects of the weaker AUD relative to RM

6.2% .2% 1.2% 1.2%

FY2016 FY2017 FY2018 FY2019 FY2020 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020

4 8 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 60 60 120 180 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

11

5.3% .3%

NPI FOR JAPAN IN JPY AND RM

JP JPY Y (m (mil illion) RM RM (m (mil illion)

NPI in RM impacted by the foreign exchange effects of the stronger JPY relative to RM

1.8% 1.8%

FY2018 FY2015 FY2016 FY2017 FY2018 FY2015 FY2016 FY2017 FY2019 FY2019 FY2020 FY2020

10 10 20 20 30 30 1.00 1.20 1.40

Not Notes: es: (1) 1) As at 31 Decem embe ber 2019. 19. (2) 2) For

• r the

e quart arter er ended nded 31 Decem ember ber 2019 19. 12

RM RM Outp utperform FB FBMKLCI Und nderperform FB FBMKLCI

UNIT PRICE PERFORMANCE

YTL Hospitality REIT’s Uni nit Pric rice Mo Movement & & Rela elativ ive Per erfor

• rmance to
• FBM

FBMKLCI (1 (1 Ja January ry 2012 to

• 31 De

December 2019)

%

TRA RADING STATISTIC Closing price (1) RM1.36 Market Cap (RM) (1) RM2,318 mil Units issued (1) 1,704,388,889 Average daily traded volume for 2Q FY2020 (‘000 units) (2) 671.0

Source: Bloomberg

Relative Performance (right scale)

YTL Hospitality REIT’s Uni nit Pric rice Mo Movement & & Rela elativ ive Per erfor

• rmance to
• REI

REIT T Ind ndex (1 (1 Oc Octob

• ber 2017 to
• 31 De

December 2019)

RM RM % Outp utperform RE REIT Ind ndex

Unit Price (left scale) Relative Performance (right scale) Unit Price (left scale)

• 50
• 25

25 25 50 50 0.80 1.00 1.20 1.40 Ja Jan-12 Apr-12 Ju Jul-12 Oct-12 Ja Jan-13 Apr-13 Ju Jul-13 Oct-13 Ja Jan-14 Apr-14 Ju Jul-14 Oct-14 Ja Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Apr-16 Ju Jul-16 Oct-16 Ja Jan-17 Apr-17 Ju Jul-17 Oct-17 Ja Jan-18 Apr-18 Ju Jul-18 Oct-18 Ja Jan-19 Apr-19 Ju Jul-19 Oct-19

2

Fin inancial performances: : 6 months ended 31 December 2019 (YTD FY2020)

JW Mar arriott Kua uala Lum Lumpur, Mala alaysi sia

1 July - 31 December YTD FY2020 YTD FY2019 Change Total Revenue 251.8 246.3 + 2.2%

• Hotel Revenue (Management Contracts)

167.6 168.0 (0.2%)

• Lease Rental (Master Leases)

84.3 78.4 + 7.5%

Net Property Income (NPI) 133.8 125.6 + 6.5%

• Management Contracts

55.7 53.3 + 4.5%

• Master Leases

78.0 72.3 + 7.9%

Income available for distribution 66.0 65.8 + 0.4% Income distribution 66.0 65.8 + 0.4%

• from current year

66.0 65.8 + 0.4%

Distribution per unit (DPU) (sen) 3.8742 3.8606 + 0.4% Payout ratio (%) 100.0 100.0 (0.0 pp*)

14 Not Notes: es: (1 (1) Decrea reased ed ma mainl nly due e to

• the

e we weaken ening ng of

• f Aust

stral ralian n Dol

• llar

r agai ains nst Ring nggi git Ma Malays ysia. a. (2 (2) Inc ncrea rease sed mai ainl nly du due to to (i (i) ful ull pe peri riod (6 mont nths hs) of

• f cont

ntri ribu butions ns fro from the he lea ease se ren rental al inc ncome of

• f The

he Gree reen Lea eaf Nise seko Village ge fo for YTD TD FY FY20 2020 as as compa pared red to to 3 mont nths in in YTD TD FY FY20 2019 an and (i (ii) the ad additiona nal ren ental from

• m JW

JW Ma Marri rriot

• tt Hot
• tel

el Ku Kuala Lu Lumpur mpur eff ffective July 2019 19 after er comp

• mplet

etion of

• f the reimburs

bursem emen ent for

• r renov

novat ation cos

• sts paid by

by the less ssee ee. (3 (3) Incre reas ased ed ma mainl nly due due to to op

• perat

rationa

• nal eff

fficien ency and and cos

• st saving

ngs. All figures gures in RM M mi million

• n unless

s indi dicat ated ed ot

• therw

erwise se.

FINANCIAL PERFORMANCES: 6 MONTHS ENDED 31 DEC 2019 (YTD FY2020)

(1) (2) (2) (3)

* pp =

= ch change in percentage points

44 44.3 14 14.0 23 23.3 67 67.6 10 104.8 10 104.8 99 99.7 10 104.5 12 122.8 12 125.6 13 133.8 50 50 100 100 150 150 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020

15

6 MONTHS (1 JUL-31 DEC) FINANCIAL PERFORMANCES

TOTALrevenue NETproperty income

RM (million) RM (million)

6.5% 6.5% 2.2% 2.2%

6 months (1 Jul – 31 Dec)

54.0 14.9 24.7 85.2 217.3 215.5 214.5 220.3 255.2 246.3 251.8

100 100 200 200 300 300 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 6 months (1 Jul – 31 Dec)

67.2 168.0 11.2 70.1 167.6 14.2

100 100 200 200

Malaysi sia Australi lia Japan

63 63.7 53.3 8.6 66.5 55.7 11.6

100 100 200 200

Malaysi sia Australi lia Japan

FY2 Y2020 FY2 Y2019

16

TOTALrevenue NETproperty income

6 MONTHS (1 JUL-31 DEC) FINANCIAL PERFORMANCES BY COUNTRY

RM (million) RM (million)

4.4% 4.4% 26.1% .1% 0.2% 0.2% 4.4% 4.4% 34 34.1% .1% 4.5% 4.5%

3

Capital management

Tan anjong Jara Res esort, Ter erengganu, , Mala alaysia

982.4 75.0 350.0 203.4 385.0 500 1,000 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Bor

• rrowin

ings in n RM Bor

• rrowin

ings in n AUD

18

DEBT^ MATURITYPROFILE

Not Notes: es: ^ Excludi ding g the e eff ffec ects s of

• f capi

pital alise sed trans nsac action n cos

• sts.

s. * RM equi uival valen ent base sed d on

• n the

e exchan hange ge rate e of

• f A$1.

1.00: 0: RM2. M2.8660 660 as at 31 Decem ember ber 2019. 19.

* Bor

• rrowin

ings in n JPY PY

# RM equi uival valen ent base sed d on

• n the

e exchan hange ge rate e of

• f JPY10

Y100: 0: RM3. M3.7655 655 as at 31 Decem ember ber 2019. 19.

#

RM (million)

19

CURRENCY INTEREST RATE

DEBT^ PROFILE AS AT 31 DECEMBER 2019

Not Notes: es: * For

• r the

e respe spective e Quart rter. r. ^ Exclud uding ng the e eff ffects of

• f capi

pital alised trans ansaction

• n cos
• sts.

# #

Com

• mput

puted d as NP NPI / Financ nance e Cos

• st

@ @ The

e interes erest rate e is hedge dged d and d fixed ed at the e eff ffec ective e rate e of

• f 4.68%

68% wi with h eff ffec ect from

• m 29 Decem

embe ber r 2017. 17.

α 49.2%

2% denom nomina nated ed in AUD UD and d 21.3% 3% deno nomi minat ated ed in RM. M.

β 10.2%

2% denom nominat ated ed in JPY Y and d 19.3% 3% denom nominat ated ed in RM. M. α β

31 December 2019 30 September 2019 Change Borrowings^ (RM'000) 1,995,834 1,989,408 + 0.3% Total Asset Value (RM'000) 4,804,727 4,809,324 (0.1%) Gearing (%) 41.5% 41.4% + 0.2 pp Average Interest Rates (%) *

• Borrowings in Ringgit Malaysia

4.9% 5.0% (0.1 pp)

• Borrowings in Australian Dollar @

4.5% 4.5% 0.0 pp

• Borrowings in Japanese Yen

0.8% 0.8% 0.0 pp Interest Cover * # 3.2 x 2.8 x 0.4 x

1,996 4,805 807 807

• 2,000

4,000 6,000 Total Borrowings^ Total Assets

Not Notes: es: ^ Excludi ding g the e eff ffec ects s of

• f capi

pital alise sed trans nsac action n cos

• sts.

* Le Leverag verage e limi mit reduc duced ed to

• 50% under

der new regul gulatory

• ry guidel

deline nes, s, previ evious us limi mit of

• f 60% no
• lon
• nger

ger appl plicabl able 20

DEBT HEADROOM OF ~RM807 million FOR ACQUISITIONS

RM (million)

2, 2,80 803 5, 5,61 612 Gear aring = = 41 41.5% (As at at 31 31 December 20 2019 19) Gear aring limit it = = 50%* 50%*

4

Asset management

Cam ameron Hig ighlands s Res esort, , Mal alaysi sia

Ja Japan

 Hilton Niseko Village  The Green Leaf Niseko Village

Aust stralia

 Brisbane Marriott  Sydney Harbour Marriott  Melbourne Marriott

Ma Malaysia (Northern)

 AC Hotel Penang Bukit Jambul  Pangkor Laut Resort  Cameron Highlands Resort

Ma Malaysia (Ea Eastern rn)

 Tanjong Jara Resort  AC Hotel Kuantan City Centre

Kual uala Lu Lumpur

 JW Marriott Hotel Kuala Lumpur  The Majestic Hotel Kuala Lumpur  The Ritz-Carlton, Kuala Lumpur – Suite Wing  The Ritz Carlton, Kuala Lumpur – Hotel Wing  AC Hotel Kuala Lumpur Titiwangsa Not Note: e: (1) 1) Base sed d on

• n inves

estment ent propert

• perties and

d propert

• perty, plan

ant & equi uipmen ment as at 31 Decem ember ber 2019. 19. 22

LUXURY HOTELS & SERVICED RESIDENCES IN 3 COUNTRIES

ASSET breakdown (by Country)(1) ASSET breakdown (by Contract T ype)(1)

FY FY2013 2013 FY FY2014 2014 FY FY2015 2015 FY2 FY2016 FY2 FY2017 FY2 FY2018 FY20 FY2019 2Q 2Q FY2 FY2020 Mala laysia Un Under Mas aster Leas Leases Jap Japan Un Under Mas aster Lea Leases Aus ustr tralia 83.1 83.1% (1) 84.2 84.2% 84.4 84.4% 86.4 86.4% 86.9 86.9% 87.8 87.8% 84.9 84.9% 88.1 88.1%

23

PORTFOLIO OCCUPANCY

Not Note: e: (1 (1) For

• r 1 July

y 2012 12 to

• 30 June

ne 2013 13 wh which h includ udes es certai ain n pre-ac acqui quisi sition n peri riod d as the e propert

• perties we

were e acqui uired red on

• n 29 Novembe

November r 2012. 2.

11 11 26 26 5 5 9 9 4 4 10 10 20 20 30 30 2020 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2049

Not Note: e: * For

• r 2Q FY2020

Y2020. 24

MASTER LEASES EXPIRY PROFILE

Master leases

NETproperty income (% of total *) NETproperty income (% of total *)

252 252 214 214 208 208 251 251 247 247 215 215 218 218 253 253 100 200 300 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q

AUD

25

REVENUE per available room (Rev evP AR)

AUSTRALIA HOTEL PERFORMANCE (1 OF 2)

0.9% .9%

FY2 Y2019 FY2 Y2018 FY2 Y2020

283 283 249 249 249 249 298 298 292 292 246 246 248 248 287 287

100 200 300 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q

89 89.1 85.8 83.6 84.2 84.5 87.2 88.1 88.1

50 50 100 3Q 3Q 4Q 4Q 1Q 1Q 2Q 2Q

26

% AUD

Average occupancy

AUSTRALIA HOTEL PERFORMANCE (2 OF 2)

3.6% 3.6%

Average daily rate (ADR)

3.9 .9 pp pp

FY2 Y2019 FY2 Y2018 FY2 Y2020

5

Appendices

Hilton Niseko Village Hokkaido, Japan

28 28

Add ddress

• No. 183, Jalan Bukit Bintang, 55100 Kuala

Lumpur Descrip ipti tion A 5-star hotel with 578 rooms located on part

• f an 8-level podium block and entire 24-

level tower block of Starhill Gallery together with car park bays located partially at basement 1 and 4 and the entire basement 2, 3 and 5 of JW Marriott Hotel Kuala Lumpur Tenu nure Freehold Mas aster leas ase exp xpir iry 31 December 2023 Mas aster leas ase remain ining (1)

1)

4 years Ann nnual rental l (2) RM31.74 million No.

• No. of room
• oms

578 Acquis isit itio ion dat date 16 December 2005 Valu aluatio ion (3)

3)

RM519 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 30 June 2019.

JW MARRIOTT HOTEL KUALA LUMPUR

29 29

Add ddress

• No. 5, Jalan Sultan Hishamuddin, 50000 Kuala

Lumpur Descrip ipti tion A 5-star hotel comprising Majestic Wing (original historic hotel building) with 47 luxurious suites, Tower Wing with 253 guestrooms and suites, Majestic Ballroom with seating capacity of 1,200 for banquet or 1,500 theatre-style, Contango restaurant with seating capacity of 250, Colonial Cafe with seating capacity of 120, Orchid Conservatory with seating capacity of 15 and 3 levels of basement car park Tenu nure 90-year registered lease expiring on 11 May 2091 Mas aster leas ase exp xpir iry 2 November 2032 Mas aster leas ase remain ining (1)

1)

13 years Ann nnual rental l (2) RM26.60 million No.

• No. of room
• oms

300 Acquis isit itio ion dat date 3 November 2017 Valu aluatio ion (3)

3)

RM388 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

THE MAJESTIC HOTEL KUALA LUMPUR

30

Add ddress

• No. 168, Jalan Imbi, 55100 Kuala Lumpur

Descrip ipti tion Parcel 1: 60 units of hotel suites, 4 levels of commercial podium, 1 level of facilities deck and 2 levels of basement car parks Parcel 2: 50 units of hotel suites, 4 units of penthouses and 1 level of basement car park Tenu nure Freehold Mas aster leas ase exp xpir iry 31 December 2031 Mas aster leas ase remain ining (1)

1)

12 years Ann nnual rental l (2)

2)

RM16.38 million No.

• No. of room
• oms

114 Acquis isit itio ion dat date 16 May 2007 & 15 November 2011 Valu aluatio ion (3)

3)

Parcel 1: RM210 million Parcel 2: RM101 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

THE RITZ-CARLTON, KUALA LUMPUR –SUITE WING

31

Add ddress

• No. 168, Jalan Imbi, 55100 Kuala Lumpur

Descrip ipti tion 22-storey 5-star hotel building comprising 251 rooms with 4-storey basement car parks Tenu nure Freehold Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental l (2)

2)

RM21.63 million No.

• No. of room
• oms

251 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM357 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

THE RITZ-CARLTON, KUALA LUMPUR –HOTEL WING

32

Add ddress

• No. 9, Jalan Lumut, Off Jalan Ipoh, 50400

Kuala Lumpur Descrip ipti tion 17-storey hotel building with 364 rooms and 2-storey basement car parks Tenu nure Freehold Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental (2)

2)

RM8.61 million No.

• No. of room
• oms

364 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM138 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mon monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

AC HOTEL KUALA LUMPUR TITIWANGSA

33

Add ddress

• No. 213, Jalan Bukit Gambier, Bukit Jambul,

11950 Pulau Pinang Descrip ipti tion 17-storey Hotel Wing with 238 hotel rooms and 26-storey Suite Wing with 189 hotel suites with an annexed 3-storey podium Tenu nure 99-year leasehold expiring on 27 October 2094 Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental l (2)

2)

RM8.61 million No.

• No. of roo
• oms

427 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM120 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mon monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

AC HOTEL PENANG BUKIT JAMBUL

34

Add ddress Jalan Teluk Sisek, 25000 Kuantan, Pahang Descrip ipti tion 8-storey hotel building with 215 rooms Tenu nure 99-year leasehold expiring on 11July 2092 Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental (2)

2)

RM6.30 million No.

• No. of room
• oms

215 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM89 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mon monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

AC HOTEL KUANTAN CITY CENTRE

35

Add ddress Pangkor Laut Island, 32200 Lumut, Perak Darul Ridzuan Descrip ipti tion 36 units of Garden Villas, 52 units of Hill Villas, 8 units of Beach Villas and 1 unit of Pavarotti Suite Tenu nure 99-year registered lease expiring on 21 May 2095 Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental (2)

2)

RM8.82 million No.

• No. of roo
• oms

97 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM118 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

PANGKOR LAUT RESORT

36

Add ddress Batu 8, Off Jalan Dungun, 23000 Dungun, Terengganu Darul Iman Descrip ipti tion Small luxury boutique resort with 100 rooms Tenu nure 60-year leasehold expiring on 4 December 2067 Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental (2)

2)

RM7.35 million No.

• No. of room
• oms

100 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM103 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

TANJONG JARA RESORT

37

Add ddress By the Golf Course, 39000 Tanah Rata, Cameron Highlands, Pahang Darul Makmur Descrip ipti tion 3-storey luxury resort with a 2-storey spa village block with 56 rooms and suites and a single storey building Tenu nure 99-year leasehold expiring on 9 December 2108 Mas aster leas ase exp xpir iry 14 November 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental l (2)

2)

RM4.20 million No.

• No. of roo
• oms

56 Acquis isit itio ion dat date 15 November 2011 Valu aluatio ion (3)

3)

RM60 million

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mon monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019.

CAMERON HIGHLANDS RESORT

38

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019. 4. 4. RM RM equiva valent base sed on the exc xchange ra rate te of JPY100:R :RM3.7655 as at 31 December 2019.

Add ddress Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido Descrip ipti tion 16-storey hotel building with 1-storey of basement comprising 506 rooms Tenu nure Freehold Mas aster leas ase exp xpir iry 21 December 2026 Mas aster leas ase remain ining (1)

1)

7 years Ann nnual rental l (2)

2)

RM16.32 million No.

• No. of room
• oms

506 Acquis isit itio ion dat date 22 December 2011 Valu aluatio ion (3,

3, 4) 4)

JPY7,700 million (RM289.94 million)

HILTON NISEKO VILLAGE

39

Note tes: : 1. 1. Le Lease se re remaining ca calculated as at 31 December 2019. There is an opti tion for r the less ssee to re renew the lease se upon exp xpiry. 2. 2. Derived by annualising the applicable mo monthly re renta tal as at 31 December 2019. 3. 3. As s at 31 May 2019. 4. 4. RM RM equiva valent base sed on the exc xchange ra rate te of JPY100:R :RM3.7655 as at 31 December 2019.

Add ddress Aza-Higashiyama, Niseko-cho, Abuta-gun, Hokkaido Descrip ipti tion 5-storey hotel building with 1-storey of basement comprising 200 rooms Tenu nure Freehold Mas aster leas ase exp xpir iry 25 September 2048 Mas aster leas ase remain ining (1)

1)

29 years Ann nnual rental l (2,

2,4)

JPY315 million (RM11.86 million) No.

• No. of room
• oms

200 Acquis isit itio ion dat date 26 September 2018 Valu aluatio ion (3,

3, 4) 4)

JPY6,060 million (RM228.19 million)

THE GREEN LEAF NISEKO VILLAGE

40

Note tes: : 1. 1. As s at 31 May 2019. 2. 2. RM RM equiva valent base sed on the exc xchange ra rate te of A$1.00:R :RM2.8660 as at 31 December 2019.

Add ddress 30 Pitt Street, Sydney, New South Wales Descrip ipti tion 33-storey hotel building with central atrium comprising 595 rooms including 3 levels of basement with car parking bays Tenu nure Freehold No.

• No. of room
• oms

595 Acquis isit itio ion dat date 29 November 2012 Valu aluatio ion (1,

1, 2) 2)

AUD500 million (RM1,433.00 million)

SYDNEY HARBOUR MARRIOTT

41

Note tes: : 1. 1. As s at 31 May 2019. 2. 2. RM RM equiva valent base sed on the exc xchange ra rate te of A$1.00:R :RM2.8660 as at 31 December 2019.

Add ddress 515 Queen Street, Brisbane, Queensland Descrip ipti tion 28-storey hotel building comprising 267 rooms with 3 levels of basement with car parking bays Tenu nure Freehold No.

• No. of room
• oms

267 Acquis isit itio ion dat date 29 November 2012 Valu aluatio ion (1,

1, 2) 2)

AUD93.5 million (RM267.97 million)

BRISBANEMARRIOTT

42

Note tes: : 1. 1. As s at 31 May 2019. 2. 2. RM RM equiva valent base sed on the exc xchange ra rate te of A$1.00:R :RM2.8660 as at 31 December 2019.

Add ddress Corner Exhibition and Lonsdale Streets, Melbourne, Victoria Descrip ipti tion 16-storey hotel building comprising 186 rooms with 5 split levels of car park Tenu nure Freehold No.

• No. of room
• oms

186 Acquis isit itio ion dat date 29 November 2012 Valu aluatio ion (1,

1, 2) 2)

AUD78.5 million (RM224.98 million)

MELBOURNEMARRIOTT

This presentation shall be read in conjunction with YTL Hospitality REIT’s interim financial report for the quarter ended 31 December 2019, a copy of which is available on www.bursamalaysia.com and www.ytlhospitalityreit.com. This presentation is for information purposes only and does not constitute an offer, invitation, solicitation or advertisement with respect to the purchase or sale

• r subscription of any units or securities of YTL Hospitality REIT and no part of it shall form the basis of, or be relied on in connection with, any contract,

commitment, credit evaluation or investment decision whatsoever or any recommendation to subscribe, sell or purchase any units or securities of YTL Hospitality

• REIT. Each interested party should make its own independent assessment and obtain its own independent legal or other advice thereon.

This presentation may not be used for any purpose, may not be distributed to or disclosed to or filed with any other person including any government or regulatory authority, and may not be reproduced in any form, in whole or in part. This presentation is not intended for distribution, publication or use in the United States or any other countries or jurisdiction prohibited or restricted by its applicable laws. Neither this document nor any part or copy of it may be taken or transmitted into the United States or distributed, directly or indirectly, in the United States. This presentation may contain forward looking statements which are subject to changes due to a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability including availability of financing in the amounts and on the terms necessary to support future business, availability of real estate properties, competition from

• ther companies/entities, changes in operating expenses including employee wages, benefits and training and property expenses and regulatory and public

policy changes. These forward looking statements are based on estimates and assumptions of the management’s current view of future events and these forward looking statements speak only as at the date of which they are made. None of YTL Hospitality REIT, its trustee, its manager, any of its or their respective agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any forward looking statement contained herein to reflect any changes in circumstances, conditions, events or expectations upon which any such forward looking statement is based. Past performance is not necessarily indicative of its future performance. Nothing in this presentation is, or should be relied on, as a promise or representation as to the future. Neither YTL Hospitality REIT, its trustee, its manager, any of its or their respective agents, employees or advisors accept any liability or responsibility for the accuracy or reliability or completeness of, nor makes nor will make any representation or warranty, express or implied, with respect to, the information contained in this presentation or on which this presentation is based.

An Any di discrepancy be between the the ind ndiv ivid idual amo amounts and and the the tot

• tal the

thereof in in thi this do document is is due due to to rou

• undin

ing.

43

DISCLAIMER

PINTAR PROJEK SDN BHD

199401028328 (314009-W)

Man Manager of

• f YT

YTL L Ho Hospi pitali lity REIT REIT

11th Floor Yeoh Tiong Lay Plaza 55 Jalan Bukit Bintang 55100 Kuala Lumpur Malaysia Tel: 603 2117 0088 603 2142 6633 Fax: 603 2141 2703 Email: ir@ytlhospitalityreit.com www.ytlhospitalityreit.com