Portfolio Overview. (i)

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1 Portfolio Overview MCT s portfolio comprises four properties located in Singapore s Alexandra Precinct, HarbourFront Precinct and Central Business District. VivoCity, MLHF and PSAB were the initial assets at MCT s IPO. The acquisition of Mapletree Anson was proposed by the Manager in December 2012 and completed on 4 February West Coast Highway (i) VivoCity Singapore s largest mall with 1,038,976 sq ft of NLA spread over a three-storey shopping complex and two basement levels. VivoCity is positioned as a family, tourist and lifestyle destination in Singapore, offering visitors a unique waterfront shopping and dining experience. Its strategic location in the heart of the HarbourFront Precinct and excellent connectivity allowed it to attract 53.2 million visitors in the year ended 31 March (ii) Bank of America Merrill Lynch HarbourFront a premium six-storey office building with a NLA of 216,561 sq ft occupied by Bank of America Merrill Lynch. Completed in August 2008, it features modern office specifications such as large and efficient columnfree rectangular floor plates of approximately 46,000 sq ft and integrated suspended ceiling and raised floors. (iii) PSA Building an established integrated development with a forty-storey office block and a three-storey retail centre, Alexandra Retail Centre, having an aggregate NLA of 519,776 sq ft. PSAB s excellent location within the Alexandra Precinct, a short distance from the CBD, makes PSAB an ideal office location for companies who prefer a quality office location outside the CBD. ARC offers a wide range of amenities and food & beverage offerings to the working population and residents in the vicinity. (iv) Mapletree Anson a premium 19 storey office building located in Singapore s Central Business District with NLA of 331,713 sq ft. Completed in 2009, Mapletree Anson is one of the newest office buildings in the CBD with Grade A specifications. It is also one of the first buildings in Singapore awarded the Green Mark Platinum certification by the BCA. It is well connected to major arterial roads and expressways and is easily accessable by public transport being located within a two minute walk from the Tanjong Pagar MRT Station. MRT: Circle Line North-East Line Sentosa Express Line East-West Line Sentosa Express Station North-South Line MRT Station Major Express Station 18

2 HarbourFront Precinct HarbourFront Precinct, which spans approximately 24 hectares along Singapore s southern waterfront, is a thriving business and lifestyle hub and a quality office location close to the CBD. It is located at the foothills of Mount Faber Park and extends to Singapore s southern coast overlooking Sentosa Island. Alexandra Precinct Alexandra Precinct, which spans approximately 13.5 hectares, is a high quality, fringe CBD office location catering to a wide range of office and business uses. It offers existing and prospective tenants an alternative location to the CBD, complete with a comprehensive range of modern conveniences and amenities. It is located in the Queenstown Planning Area beside Alexandra and Telok Blangah Roads and is about a 10-minute drive from the CBD. Dhoby Ghaut Ayer Rajah Expressway Central Expressway CBD Raffles Place City Hall Pasir Panjang Alexandra Precinct Outram Park Tanjong Pagar Labrador Park PSAB Telok Blangah Mount Faber Mapletree Anson East Coast Parkway MLHF HarbourFront VivoCity HarbourFront Precinct Resorts World Sentosa Sentosa 19

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4 VivoCity Property Information Description A 3 storey shopping complex with 2 basement levels and a 7 storey annexe carpark Net Lettable Area 1,038,976 Number of Leases 324 Car Park Lots 2,179 Title 99 years commencing from 1 October 1997 Gross Revenue S$158.3 million Net Property Income S$110.4 million Market Valuation S$2,183 million (as at 31 March 2013) Occupancy 99.0% Key Tenants VivoMart, Golden Village, Tangs, Best Denki Awards and Accolades Gold Award, Social Enterprise Association Corporate Award 2012 Most Family-friendly Shopping Mall, Mother & Baby Awards 2012, Singapore Winner, Best Shopping Centre, AsiaOne People s Choice Awards 2012/13 BCA Green Mark Award (Gold) The MARKies: Best Idea Retail Category 21

5 Portfolio Overview Retail Performance Shopper Traffic at VivoCity has grown 3.0% year on year to reach 53.2 million shoppers for the year ended 31 March VivoCity continues to benefit from the developments in the vicinity. Sentosa has established itself as a successful family and lifestyle destination. The areas around VivoCity also saw numerous new and completed residential developments, increasing the residential catchment in the area. The strength of tenant mix and VivoCity s positioning as a destination coupled with exciting events and activities drove tenant sales to S$858.1 million for the year ended 31 March This is a 3.7% increase from the previous year even with a more pronounced aggregated period of downtime in trading due to tenants fitting out and refreshing their shopfronts. During the peak of the festive yearend period in December 2012, sales exceeded S$100 million a month. Occupancy costs for the tenants at VivoCity remains at a healthy rate of 16.8% for the year ended 31 March Shopper Traffic (million) Tenant Sales (S$m) +3.0% +3.7% April 2011 to 31 March April 2012 to 31 March April 2011 to 31 March April 2012 to 31 March Includes estimates of Tenant Sales for a portion of tenants. 2 A number of tenants were undergoing fitting out during FY 2012/13. 22

6 New Concepts & Brands at VivoCity 23

7 Portfolio Overview Leasing Update VivoCity had started FY 2012/13 with 213 leases, representing 45.3% of Gross Rental Revenue, expiring in that year, with the vast majority in the third quarter. Therefore, aside from refreshing the tenant mix at VivoCity, one of the leasing objectives for FY 2012/13 was to reduce the concentration of leases expiring in the third quarter and in the same year. The resultant lease expiry profile at the end of FY 2012/13 shows that progress has been made, with leases representing 29.9% of Gross Rental Revenue expiring in FY 2015/16. VivoCity Lease Expiry Profile by Gross Rental Revenue (for the month of March 2013) 29.9% 23.0% 20.2% 24.0% 3.0% FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 & Beyond No. of Leases VivoCity Trade Mix by Gross Rental Revenue (for the month of March 2013) 27.9% 22.0% 14.1% 10.0% 8.7% 6.3% 3.8% 3.5% 3.7% Food & Beverage Fashion Lifestyle Hypermart/Departmental Store Fashion Related Beauty Sports Entertainment Others Photo courtesy of the Republic of Singapore Navy 24

8 Distinctly VivoCity Exciting & large-scale events 25

9 Portfolio Overview Merrill Lynch HarbourFront Property Information Description Net Lettable Area Number of Leases Car Park Lots 93 A 6 storey office building with a basement carpark. 216,561 sq ft On long term lease to Merrill Lynch Global Services Pte. Ltd. Title Leasehold 99 years wef 1 October 1997 Gross Revenue Net Property Income Market Valuation (as at 31 March 2013) Purchase Price S$16.8 million SS$12.9 million S$313.6 million S$311 million Date of Purchase 27 April 2011 Occupancy 100% Key Tenant Merrill Lynch Global Services Pte. Ltd. Lease Expiry Profile On long term lease to Merrill Lynch Global Services Pte. Ltd. 26

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11 Portfolio Overview PSA Building Property Information Description Integrated development comprising a 3 storey retail centre and a 40 storey office building. Net Lettable Area Office : 430,114 sq ft Retail : 89,662 sq ft Number of Leases 112 Car Park Lots 749 Title Leasehold 99 years wef 1 October 1997 Gross Revenue S$39.7 million Net Property Income S$28.9 million Market Valuation S$647.6 million (as at 31 March 2013) Purchase Price S$477.2 million Date of Purchase 27 April 2011 Occupancy Office : 95.7% Retail : 80.4% Total : 93.1% Key Tenants Office : PSA Corporation Limited, Casino Regulatory Authority, Lloyd s Register Asia, Subsea 7 Singapore Contracting Pte Ltd Retail : FairPrice, McDonald s, Ichiban Sushi, DBS 28

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13 Portfolio Overview PSAB Lease Expiry Profile by Gross Rental Revenue (for the month of March 2013) 39.4% 19.5% 23.2% 13.9% 4.0% FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 & Beyond No. of Leases PSAB Trade Mix by Gross Rental Revenue (for the month of March 2013) 40.5% 11.1% 7.1% 6.4% 3.3% 2.8% 2.2% 2.1% 1.6% 0.8% 11.7% 1.7% 1.6% 7.1% Shipping Transport Government Related Agencies Real Estate Trading Banking & Financial Services Energy Consumer Services Pharmaceutical IT Services & Consultancy Insurance Food & Beverage Hypermart/Departmental Store Beauty Others 30

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16 Mapletree Anson Property Information Description 19 storey office building in the CBD with Grade A building specifications Net Lettable Area 331,713 sq ft Number of Leases 14 Car Park Lots 80 Title Leasehold 99 years wef 22 October 2007 Gross Revenue S$4.8 million (4 February 2013 to 31 March 2013) Net Property Income S$3.8 million (4 February 2013 to 31 March 2013) Market Valuation S$687.0 million (as at 31 March 2013) Purchase Price S$680.0 million Date of Purchase 4 February 2013 Occupancy 99.4% Key Tenants Aon Singapore Pte. Ltd., J. Aron & Company (Singapore) Pte., Yahoo! Southeast Asia Pte. Ltd., Sumitomo Corporation Asia Pte. Ltd. 33

17 Portfolio Overview Mapletree Anson Lease Expiry Profile by Gross Rental Revenue (for the month of March 2013) 44.8% 29.4% 19.0% 6.7% 0.0% FY 2013/14 FY 2014/15 FY 2015/16 FY 2016/17 FY 2017/18 & Beyond No. of Leases Mapletree Anson Trade Mix by Gross Rental Revenue (for the month of March 2013) 32.4% 19.0% 17.3% 15.1% 8.5% 5.9% 1.8% Insurance Trading Banking & Financial Services IT Services & Consultancy Real Estate Energy Others 34

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