Operational Statistics Presentation slide image

Operational Statistics Presentation

Section 3: FY 2020 Operational Highlights Met Annual Asset Recycling Target and Achieved CapitaLand Healthy Premiums $3.04 Billion of gross divestments generated ~S$154 million² of portfolio gains in FY 2020 ~9%² of divestment premium achieved on average across the Group Maintained asset recycling momentum in 2021 with ~S$488 million of divestments announced YTD The Group will remain focused on meeting our annual recycling target of S$3 billion in FY 2021 Transactions from 4Q 2020 RETAIL Three matured malls in Japan (Nov 2020) . • • Divested at JPY 21.99bn (~S$283.6m) Offloaded these non-core retail assets above assets' Dec 2019 valuation Completed in Nov 2020 CapitaMall Minzhongleyuan, China (Jan 2021) • . Divested along with three sets of premises in Wuhan at RMB458.0m (~S$93.4m) via CLCT 3.9% above valuation as of 1 Nov 2020 and the book value of the three sets of premises Completed in Feb 2021 On 100% basis. Includes divestment of residential project in Shenyang, China BUSINESS PARK (recycled into CLCT) Five business park properties & Rock Square to CLCT (Nov 2020) • . Divested at RMB8,130m (~S$1,653.1m) • 2.9% premium to valuation in Dec 2019 Target to complete by 1Q 2021 OFFICE ICON Cheonggye, South Korea (Jan 2021) Divested at an agreed property value of KRW 136.3bn³ (~S$166.4 m), implying 27% above projected development expenditure Notes: 1. 2. For only investment properties 3. Property value based on an as-is development-in-progress basis 4. Based on effective stake of 98.8% 5. Licensed asset manager, Ascendas Asset Management Company, is a subsidiary of CapitaLand • • Net gains of S$33m4 CapitaLand5 remains as the fund and asset manager Completed in Jan 2021 LODGING Somerset Azabu East Tokyo (Dec 2020) • • Divested at JPY5.9bn (~S$76m) via ART 63% above book value with net gains of S$30.6m Completed in Dec 2020 Citadines City Centre Grenoble, France (Jan 2021) . • • Divested at EUR8.1m (~S$13m) via ART 35% above book value with net gains of -S$44k Target to complete in 1Q 2021 . Somerset Xuhui Shanghai, China (Feb 2021) Divested at RMB1,050m (~S$215.6m) via ART 171% above book value with net gains of RMB536.6m (~S$110.2m) • Target to complete in 2Q 2021 24
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