Operational Statistics Presentation
CapitaLand
Section 2: FY 2020 Results Highlights
Revaluation Losses Limited To A Handful of Assets
Most Impacted By COVID-19
The S$1.6 billion of downward fair value adjustments represents only ~4.7% of the
Group's investment property value
The five properties below account for ~54% of the Group's FY 2020 unrealised fair value losses
Location
Asset
FY 2020
Valuation
% Change vs FY
20192
FV Loss
(million)²
(million)¹
China
Raffles City Chongqing (RCCQ)
CapitaMall Westgate, Wuhan
Tianjin International Trade Centre
RMB 8,052
RMB 2,037
ION Orchard³ (50% stake)
RMB 877
S$3,108
-17%
$886
Singapore
Jewel Changi Airport 4 (49% stake)
S$1,330
Challenges brought about by COVID-19 were behind the most significant revaluations.
Newer assets such as CapitaMall Westgate, RCCQ and Jewel Changi Airport which were opened in between.
2017-2019 and still ramping up operations, were most impacted.
Valuation reflects both near-term impact of COVID-19 and cautious recovery expectations.
1.
Notes:
On 100% basis
2.
On an effective basis
3.
Excludes Orchard Link
4.
Excludes hotel
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