Governance Financial CICT generates value and achieves sustainable returns through investing in and managing a portfolio of assets. The financial performance is detailed in CICT’s AR 2024 under Financial Highlights, Financial Review and Financial Statements. Underpinning CICT’s growth strategy is the sourcing and allocation of capital. More details can be found under Capital Management section in CICT's AR 2024. CICT’s capital management strategy focuses on diversifying funding through sustainable financing and extending debt maturity. CICT has actively pursued new ways to enhance its financial resilience with a strong emphasis on sustainable finance, reinforcing CICT’s commitment to responsible growth. The establishment of the Green Finance Framework (Framework) in February 2022 underlines this focus, aiming to align CICT’s ESG goals with the 2030 SMP. CICT, through CMT MTN Pte. Ltd., issued a total of S$500.0 million of green notes in 2024. On 10 July 2024, S$300.0 million 3.75% 10-year fixed rate notes due 10 July 2034 was issued. Another S$200.0 million 3.30% 10.5-year fixed rate notes due 30 April 2035 was issued on 30 October 2024. Both notes are unsecured. The proceeds from the two green notes have been fully utilised to refinance eligible Green Buildings under CICT Green Finance Framework. More information can be found on CICT's website. The total outstanding sustainability-linked/green loans and green bonds were S$4.8 billion as at 31 December 2024, accounting for about 47.1% of its total borrowings, including joint ventures’ borrowings. FINANCIAL PERFORMANCE for FY 2024 CAPITAL MANAGEMENT as at 31 December 2024 Up 1.7% YoY S$1,586.3 million Gross Revenue 47.1% of total borrowings are sustainability-linked / green financing Up 34% S$1,153.5 million Net Property Income 38.5% 81% Aggregate Leverage Total Borrowings on fixed rate Up 5.1% YoY S$752.2 million Distributable Income A3 by Moody's Aby S&P Issuer Credit Rating Up 1.2% YoY 10.88 cents DPU 59 Sustainability Report 2024
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