CapitaLand India Trust : Annual Report FY 2022

CAPITALAND

INDIA

TRUST

20

A N N U A L R E P O R T

22

Our cover page features the letters "C" and "O" intersecting to form an interlocked design, where "C" stands for CapitaLand and the "O" stands for ONE. Together, they represent the

ONE CapitaLand ecosystem, and symbolise how the respective

REITs, business trusts and businesses that are part of the CapitaLand Investment Group benefit from cross-platform synergies and complementary strengths; and are united and committed to the same shared purpose of

Making a Positive Impact. Think Big. Do Right. Make it Last. by adhering to the principles of diversity and inclusion, doing right by our stakeholders and contributing to the long-terminterests of the communities that we operate in.

THIS FLUIDITY OF

SHAPES REPRESENTS

THE GROUP AND OUR

ONE CAPITALAND

ECOSYSTEM.

WE LEVERAGE

OUR RESPECTIVE

STRENGTHS AND GROW

TOGETHER AS ONE.

Contents
5	At A Glance	50	Portfolio
6	Significant Events	56	Operational Review
8	Chairman's Message	58	Financial Review
12	Q&A With CEO	64	Half-Yearly Results
14	Trust & Organisation	65	Unit Price Review
	Structure	66	Sustainability Report
16	Board Of Directors
120	Corporate Governance
22
Trustee-Manager		Report
25	Property Manager	156	Trust Financial Statements
26	Strategy	241	Trustee-Manager
28	Market Review		Financial Statements
275	Statistics Of Unitholdings
32	Investment Management
277	Glossary
36	Asset Management
278	Market Research Report
40	Capital Management
	Corporate Information
42	Risk Management

48 Investor Relations

2 CapitaLand India Trust

Who We Are

CapitaLand India Trust ("CLINT" or the "Trust") is a property trust which owns eight IT parks, three data centre developments, one logistics park and one industrial facility in India, valued at S$2.5 billion as at 31 December 2022. With total completed floor area of 15.5 million square feet spread across Bangalore, Chennai, Hyderabad, Mumbai and Pune, CLINT is focused on capitalising on the fast-growing IT industry and logistics/industrial asset classes in India, as well as proactively diversifying into other new economy asset class such as data centres which is an attractive, scalable and resilient new economy asset class.

Our strategy is simple - to generate attractive portfolio returns for Unitholders by investing in IT parks, logistics/industrial assets and data centres in key Indian cities, while proactively diversifying into other new economy asset classes. Our properties provide quality and reliable business space to our discerning tenants. This differentiation helps us attract and retain prominent tenants that commit to long leases, thereby fostering a stable income profile for the Trust.

Our growth is founded on a prudent approach to capital management. We are geared towards maintaining a strong balance sheet that meets the liquidity needs of the business.

Vision	Mission
To be a leading property Trust with a	Deliver sustainable returns to our
professionally managed portfolio of quality	Unitholders through portfolio expansion
business space across India.	and prudent capital management.

Why Go Online?

Our corporate website contains detailed information about the Trust and is frequently updated as additional details become available.

You can sign up for email alerts of our latest news and keep track of the latest events on the Event Calendar page. Our corporate website: www.clint.com.sg

Notes:

• All information in this annual report is dated as at 31 December 2022 unless otherwise stated.
• All measurements of floor area are defined herein as "Super Built-up Area" or "SBA", which is the sum of the floor area enclosed within the walls, the area occupied by the walls, the common areas such as the lobbies, lift shafts, toilets, and staircases of that property, and in respect of which rent is payable.
• The Indian Rupee and Singapore Dollar are defined herein as "INR/ " and "SGD/ S$" respectively.
• Any discrepancy between the individual amounts and total shown in this annual report is due to rounding.

Annual Report 2022

3