Investor Presentaiton
Financials
Revenue growth and profitability
Gross Revenue
(S$ millions)
Net Property Income ("NPI") and NPI Margin (1)
(S$ millions)
93.4%
71.6%
64.5%
63.5%
54.2%
273
230
184
197
203
165
176
129
121
66
FY2017A
FY2018A
FY2019A
9M2019A
9M2020A
FY2017A
FY2018A
FY2019A
9M2019A
9M2020A
■Net property income
NPI margin
Capital Expenditures
(S$ millions)
46
46
127
FY2017A
8
FY2018A
16
FY2019A
Total Assets and Total Debt(2)
(S$ millions)
33.7%
34.6%
35.9%
42.5%
2,064
1,966
2,013
695
680
722
1,639
Acquisition of Lippo
Mall Puri will increase
LMIR Trust's NPI by
Rp257.3bn
(S$24.5mn^)
LMIR Trust incurred
additional S$120mn
debt pursuant to
financing for Lippo
Mall Puri acquisition
Total Assets will
increase by
696
Rp4,025bn
(S$380.2mn*) due to
addition of Lippo Mall
7
Puri
9M2020A
FY2017A
FY2018A
FY2019A
9M2020A
■Total Assets
■Total Debt
*
■Enhancement expenditure capitalised
Acquisitions of investment properties
LMIR Trust's revenue and profitability were impacted by Covid-19
Our financials are expected to improve in 2H2021 as recovery is expected in FY2021 with stable
income from Lippo Mall Puri
Λ Based on the prevailing exchange rate on 30 Sep 2020 of Rp10,514.34 = S$1.00
Based on the actual rate to close the acquisition of Rp10,585.31 = S$1.00
(1) In 2018, LMIR Trust began to progressively consolidate service charge, utilities recoveries and associated costs across its properties,
leading to a decline in margins.
(2) Total debt excludes perpetual securities.
34
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