Investor Presentaiton
CPN
Expanding Net Leasable Area
Supported by strong rental contract foundation
Robust contract structure with potential
upside from expiring long-term leases
Total Retail NLA (mil. sq.m.)
2.6
NLA +38%
Fixed
Rent
Consign-
2.2
ment
37%
46%
(47%)
(36%)
2.3
2.1
New
2.0
1.9
1.8
1.8
1.7
Base
1.4
17%
(17%)
Long-term
Lease
1.0
2017A 2018F
2019F 2020F
2021F
2022F
% Long-term lease expiration schedule
Number of retail projects operated and managed by CPN
62%
Base
30
32
35
38
41
44
35%
33%
New
2
3
3
3
3
Total
32
35
38
41
44
47
3%
30%
29%
3%
5%
< 1 year
■ Retail
Dept Store in Acquired Projects
Resident
Other
1-3 years > 3 years
Number of mixed-use projects operated and managed by CPN
1
4
1
1
3-5 additional / year
1-3 additional / year
Source: Company estimate as of 31 December 2017
(1) Percentage based on occupied area as of 31 December 2017 at 92%. (%) = YE16 figure
(2) Total long-term lease area is 154,027 sq.m. with less than 4% rental income contribution.
Prepared by CPN Investor Relations
CPN Strategy
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