Capitaland Mall : Full Year 2015 Financial Results Presentation

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Photo Credit: Chun Kwong Leong, Singapore

CAPITALAND MALL TRUST

Singapore's First & Largest REIT

Full Year 2015 Financial Results

22 January 2016

Disclaimer

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management on future events.

The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither CapitaLand Mall Trust Management Limited (the 'Manager') or any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The past performance of CapitaLand Mall Trust ('CMT') is not indicative of the future performance of CMT. Similarly, the past performance of the Manager is not indicative of the future performance of the Manager.

The value of units in CMT ('Units') and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the 'SGX-ST'). It is intended that unitholders of CMT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.

Contents

• Review of FY 2015

  
  

• Key Financial Highlights

  
  

• Portfolio Updates

  
  

• Asset Enhancement Initiatives ('AEI')

  
  

• Sale of Rivervale Mall

  
  

• Looking Forward

Review of FY 2015

Operational performance

,

3.7%

Positive rental reversion based on 594 new leases/ renewals

,

97.6%

as at end-Dec 2015

Portfolio occupancy rate

,

4.9%

y-o-y

Shopper traffic

5.3%

y-o-y

Tenants' sales per square foot

Updates on AEI

Acquisition of Bedok Mall

Sale of Rivervale Mall

Completed the education hub on Level 5, new facade and covered linkway

Completed phase two AEI with more outlet stores and new link bridge

Completed the reconfiguration works in Blocks A and C

Ongoing rejuvenation works of its interior

Completed the acquisition of all the units in Brilliance Mall Trust ('BMT') which holds Bedok Mall on

1 October 2015

Completed the sale on 15 December 2015