CapitaLand Integrated Commercial Trust - Annual Report 2021

GROUP For the Financial Year 2017 2018 2019 2020 1 2021 Selected Statement of Total Return and Distribution Data (S$ million) Gross Rental Income 629.4 639.2 722.4 697.6 1,233.3 Car Park Income 19.9 20.2 19.8 17.7 27.7 Other Income 33.1 38.1 44.5 29.9 44.1 Gross Revenue 682.4 697.5 786.7 745.2 1,305.1 Net Property Income 478.2 493.5 558.2 512.7 951.1 Distributable income 395.8 410.7 441.6 369.4 674.7 Selected Statement of Financial Position Data (S$ million) Total Assets 10,504.4 11,501.7 11,731.7 22,416.4 22,741.9 Total Borrowings 2 3,192.1 3,638.0 3,547.0 8,632.0 8,119.0 Net Asset Value Per Unit 3 (S$) 1.92 2.00 2.07 2.00 2.06 Unitholders' Funds 6,928.0 7,429.3 7,767.2 13,037.6 13,667.8 Market Capitalisation 7,553.9 8,332.4 9,074.5 13,976.7 13,481.6 Investment Properties 4 8,770.4 10,075.6 10,415.8 21,366.1 21,431.1 Key Financial Indicators Earnings Per Unit (cents) 18.55 18.96 18.90 8.36 16.71 Distribution Per Unit (cents) 11.16 11.50 11.97 8.69 10.40 Management Expense Ratio 5 (%) 0.7 0.7 0.7 0.6 0.7 % of Total Assets that are Unencumbered (%) 100.0 89.8 100.0 95.8 96.1 Aggregate Leverage (%) 34.2 34.2 32.9 40.6 37.2 Net Debt / EBITDA (times) 6.3 6.8 6.4 N.M. 6 9.5 Interest Coverage (times) 4.9 5.2 4.7 3.8 4.1 Average Term to Maturity (years) 4.9 4.4 5.0 4.1 3.9 Average Cost of Debt (%) 3.2 3.1 3.2 2.8 2.3 1 On 21 October 2020, CMT and CCT were merged by way of a trust scheme of arrangement with the merged entity renamed CICT on 3 November 2020. 2 Includes foreign currency denominated notes which have been swapped to Singapore dollars at their respective swapped rates and fixed rate foreign currency bank loans. 3 Excludes the distribution to be paid for the last quarter of the respective financial years except for 2018, 2020 and 2021 which exclude the distribution for the period from 8 November 2018 to 31 December 2018, 21 October 2020 to 31 December 2020 and 16 December 2021 to 31 December 2021 respectively. 4 Includes carrying amount of lease liabilities under Financial Reporting Standard (FRS) 116 Leases from 31 December 2019 onwards. 5 Refers to the expenses excluding property expenses and finance costs but including performance component of management fees, expressed as a percentage of weighted average net assets. 6 N.M.: Not meaningful for information as at 31 December 2020 as net debt includes CCT’s and RCS Trust’s borrowings but the incremental EBITDA from the acquired entities after the merger is only from 21 October 2020 to 31 December 2020. Annual Report 2021 09 Financial Highlights