Investor Meetings May 2012 Contents Introduction Key Updates Market Review and Outlook Going Forward Awards 2 1
Introduction Premier Property Company Total assets of $10.1b as at 31 Mar 2012 Market cap of $4.3b as at 9 May 2012 Leading Prime Office Player Developer of Ocean Financial Centre, Marina Bay Financial Centre and One Raffles Quay in Singapore s Crown Jewel Marina Bay Asia s Quality Home Developer Focus on thematic residential and township developments in Singapore, China, Vietnam, India and Indonesia Established Property Fund Manager Two fund management vehicles : K-REIT Asia and Alpha Investment Partners with total AUM of $14.8b 3 Strategic Focus Two Core Businesses SINGAPORE Commercial developments mainly in Marina Bay and CBD Residential developments including lifestyle waterfront projects OVERSEAS Residential developments including townships, sustainable developments and integrated lifestyle projects Selective commercial developments Property Development for Sale Property Fund Management K-REIT Asia to recycle capital Recurring fee income from fund management provides stability against cyclical property development earnings 4 2
Strategic Focus Grow Stronger Commercial Presence Developing over 400,000 sm in total China Commercial development in Beijing s CBD (Total GFA : About 100,000 sm) Seasons City in Tianjin Eco-City (Total GFA : About 162,000 sm) Vietnam Saigon Centre Ph 2, HCMC (Total GFA : About 90,000 sm) Indonesia International Financial Centre Jakarta Tower 2 (Total GFA : About 64,000 sm) Saigon Centre Ph 2 Seasons City, Tianjin Eco-City 5 Key Updates 6 3
Singapore Residential Capitalise on Demand for Well-located Homes Good sales for The Luxurie Sold 89% of 400 launched units as at end-apr 2012 Close to : Sengkang MRT/LRT stations Premier schools - Nan Chiau Primary and Nan Chiau High The Luxurie 7 Singapore Residential Premium Developments Close to Integrated Resorts Marina Bay Suites : Sold 96% of 172 launched units as at end-apr 2012 Reflections at Keppel Bay : Sold 89% of 950 launched units as at end-apr 2012 Keppel Bay Plot 3 : Premium waterfront project located along the historic King s Dock : 367 units Master architect Daniel Libeskind appointed Marina Bay Sands Resort World Sentosa Marina Bay Suites Plot 3 Caribbean at Keppel Bay Reflections at Keppel Bay 8 4
Singapore Commercial MBFC Benefits from Continued Leasing Activities Higher commitment for MBFC Tower 3 at about 67% New tenants secured : Tower 3 Rio Tinto : About 46,000 sf The Regus Group : About 16,000 sf Fitness First : About 13,000 sf Key features : Well-connected to MRT stations and large floor plates Obtained TOP Marina Bay Financial Centre 9 Overseas 10 5
China Presence Capture Opportunities in Vast and Fast-growing market $3.3 bn of assets As at end-mar 2012 : 33% of assets invested in China > 18,000 homes sold in China to date years >10 cities First project in the Park Avenue precinct One Park Avenue Enlarge commercial portfolio with Beijing CBD site Part of the FTSE ST China Top Index Pipeline of > 43,000 homes Total GFA : > 7.4 million sm Focus on developing Condominiums Villas Townships Waterfront homes Eco-developments 3 mega-regions : Western Region Greater Bohai Rim Region Yangtze River Delta Region Nantong 11 Overseas - China Cautious Sentiments Amid Cooling Measures Take-up mainly from township projects and The Springdale The Botanica, Chengdu Central Park City, Wuxi The Springdale, Shanghai Ph 6 : Sold 89% of 1,136 launched units as at end-apr 2012 Ph 2 : Sold 84% of 1,435 launched units as at end-apr 2012 Sold 87% of 889 launched units as at end-apr 2012 12 6
Overseas - China First Commercial Project in Beijing To develop 2.6-ha prime site in the heart of CBD Near China World Trade Centre and China Central Television (CCTV) Tower Preferred location for MNCs and SOEs Well-connected via Chang an Avenue and two MRT lines Site Details Location : Gross Floor Area : Development Type : Chaoyang district (between the eastern second and third ring roads) About 100,000 sm 3 office blocks with supporting retail premises Expected Completion : 2014 13 Overseas - Vietnam Saigon Centre Ph 2 Retail Mall 30% Pre-committed Anchor tenant Takashimaya pre-commits 15,000 sm of retail space Form strategic partnership with Toshin Development (subsidiary of Takashimaya) Jointly set up retail management company Toshin Development acquired 22.7% stake in Saigon Centre Ph 2 Saigon Centre Ph 2 Location : Mixed-use Devt : Along Le Loi Boulevard (in HCMC s CBD) Grade A office space : About 40,000 sm Retail : About 50,000 sm Luxury service apartments : >200 units Expected Completion : 2015 Saigon Centre Ph 2 14 7
Overseas - Indonesia Tap on Growing Demand for Grade A Office Space Redevelopment of International Financial Centre Jakarta Tower 2 47-storey prime Grade A office in Jakarta s CBD Total GFA : About 64,000 sm State-of-the-art building with large floor plates and green features Expected completion : 2014 International Financial Centre Jakarta (Tower 1) 15 Overseas - Indonesia Good Sales at Jakarta Garden City Sold 95% of 1,015 launched units as at end-apr 2012 Launch of Ph 2 well-received Sold 73% of 45 launched units as at end-apr 2012 Jakarta Garden City 16 8
Overseas - Myanmar Capitalise on Opening Up of Economy Occupancy and room rates increase at Sedona hotels in Yangon and Mandalay Driven by increased arrivals from tourists and business travelers Sedona Hotel, Yangon Sedona Hotel, Mandalay 17 Fund Management 18 9
K-REIT Asia Focus on Growth Ocean Financial Centre (1) Singapore portfolio occupancy (2) CBRE Portfolio size has grown ten-fold from $0.6b in 2006 to $6b in 2011 Asset enhancements to stay competitive Bugis Junction Towers Prudential Tower Improve distribution frequency : Quarterly DPU distribution from 3Q 2012 Strong income growth in 1Q 2012 Distributable income Distribution per unit Committed portfolio occupancy Doubled y-o-y to $48.5m 97.9% y-o-y to 1.90 cts 96.1% (1) vs 90.7% (2) in core CBD Aggregate leverage 41.8% as at end-mar 2012 19 Alpha Investment Partners Seize Divestment Opportunity Alpha Asia Macro Trends Fund (AAMTF) seized opportunity to divest serviced apartment development in Hong Kong Close to vibrant shopping mall Times Square Proactive management and selective divestments Funds under Alpha as at end-mar 2012 : Funds under Alpha Committed Equity % Invested No. of Countries Invested In Asia No. 1 Property Fund $400m 100% 4 Alpha Core Plus Real Estate Fund $720m 100% 3 AIB Alpha Japan Fund $259m 100% 1 Alpha Asia Macro Trends Fund $1.7b 100% 6 Alpha Asia Macro Trends Fund II $607m 16% 1 20 10
Fund Management Enlarged AUM* $14.8b $9.8b $9.8b $11.2b $6b $6.1b $2.1b $2.1b $3.5b $3.7b $0.6b $3.1b $2.1b $4b $7.7b $7.7b $7.7b $8.8b 2006 2007 2008 2009 2010 2011 Alpha Investment Partners K-REIT Asia *When fully leveraged and fully invested 21 Market Review and Outlook 22 11
Singapore Record private residential sales Some 6,458 units sold in 1Q 2012 vs previous high of 5,578 units in 3Q 2009 (1) Residential Prices declined marginally by 0.1% in 1Q 2012 (1) Strong demand for suburban homes Record 5,268 units sold in outside central region in 1Q 2012 (1) Demand supported by high liquidity and low interest rates Continued leasing activities : Net take-up of about 570,000 sf in 1Q 2012 (1) Office rental eased as business sentiments soften Office Grade A rents fell 3.6% to $10.60 psf (2) in 1Q 2012 Supply not excessive in core CBD : New Grade A supply of 1.3m sf in 2012 substantially committed Singapore ranked the most competitive city in Asia (3) (1) URA (2) CBRE (3) Economist Intelligence Unit 23 Overseas Asia to remain the centre of growth and opportunities Projected GDP to rise by 4.6% (1) in 2012 Urbanisation and a growing middle class support demand for quality homes Country GDP Growth Projection for 2012 (1) Annual Urbanisation Rate (2) Property Market China 8.2% 2.3% Vietnam 5.7% 3.0% India 7.0% 2.4% Indonesia 5.9% 1.7% (1) Economist Intelligence Unit (2) CIA World Fact Book Market sentiments dampened by home purchase restriction and other cooling measures Demand affected by tight credit and high interest rates Lower inflation and increased liquidity with reduction in interest rates to spur demand Demand supported by favourable interest rates and rising income of a growing middle-class 24 12
Going Forward 25 Going Forward Selectively acquire sites for residential, township, commercial and mixed-use projects in Singapore and overseas Grow fee-based income through K-REIT Asia and Alpha Monitor markets to launch new projects and phases The Luxurie, Singapore The Botanica, Chengdu Jakarta Garden City, Indonesia 26 13
Awards 27 Corporate Awards BCI Asia Awards 2012 Top 10 Developers Awards - Singapore Euromoney Real Estate Awards 2011 Best Developer in Singapore - Overall Best Office Developer in Singapore Transparency Awards Governance and Transparency Index 2012 Ranked 6 th out of 674 companies assessed IR Magazine South East Asia Awards 2011 Grand Prix for Best Overall Investor Relations for small or mid cap companies 2011 APREA Best Practices Awards Mature Markets - Highly Commended Award Mature Markets - Merit Award (Accounting and Financial Reporting) Mature Markets - Merit Award (Corporate Governance) Singapore Corporate Awards 2011 Silver Award for the Best Managed Board SIAS Investors Choice Awards 2011 Most Transparent Company (Properties category) Runner up 28 14
Corporate Awards Product Excellence Awards Asia Pacific Property Awards 2012 Ocean Financial Centre : Best Commercial High-rise Development in Asia Pacific, Best Office Architecture and Best Office Development in Singapore South East Asia Property Awards 2011 Ocean Financial Centre : Green Development Award The Estella : Best Condo Development (Vietnam) FIABCI Singapore Property Awards 2011 MBFC Phase 1 : Winner in Office category Marina Bay Residences : Winner in Residential (High Rise) category World Travel Awards 2011 Hotel Sedona Manado named Indonesia s Leading Hotel 2011 Sedona Yangon named Myanmar s Leading Hotel 2011 29 CSR Awards The Sustainability Yearbook 2012 Features the top 15% of 2,500 companies worldwide in sustainability leadership Named the SAM Sector Mover 2012 in the Real Estate sector ACCA Singapore Awards for Sustainability Reporting 2011 Best Sustainability Report Award Dow Jones Sustainability Index (DJSI) 2011 Part of the DJSI World Index and DJSI Asia Pacific Index One of two Singapore companies to be included in DJSI World Index Storebrand Best in Class 2011 Awarded for Environmental, Social and Governance (ESG) and financial performance 30 15
CSR Awards Global Real Estate Sustainability Benchmark 2011 Top performer for listed property companies in Asia Global CSR Awards 2011 Ocean Financial Centre (Product Excellence category) - Gold Award Leadership in Energy and Environmental Design (LEED) Award OFC is the first high-rise office building in Southeast Asia to be conferred the prestigious award 26 BCA Green Mark Awards Latest Green Mark Award Marina at Keppel Bay 31 Thank You 32 16
Additional Slides 33 5-year Financial Profile FY2011 FY2010 (Restated^) FY2009 FY2008 FY2007 Turnover ($m) 949.0 685.4 923.9 842.2 1407.9 Pre-tax Profit ($m) 1,503.9 1,176.8 358.6 314.0 988.7 Net Profit ($m) 1,365.6 (1) 1,052.9 (2) 280.4 (3) 227.7 (3) 779.7 (4) Overseas Earnings (% of Net Profit) 24 39.5 31.5 29.5 39.7 EPS ( ) 93.2 73.3 24.2 22.4 76.9 NTA/Share ($) 3.64 2.85 2.36 3.39 3.18 Net Debt/Equity Ratio (x) 0.10 0.21 0.22 0.52 0.41 ROE (%) 32.9 31.0 10.1 9.9 46.2 Total Dividend / Share ( ) 20 18 8 8 20 ^ FY2010 figures restated due to change in accounting policy. (1) Includes corporate restructuring surplus of $508.1m from sale of 87.5% interest in OFC, gain on sale of Keppel Digihub, gain on acquisition of additional interest in K-REIT Asia and net fair value gain on investment properties (2) Includes corporate restructuring surplus of $363.8m from sale of 1/3 interest in MBFC Phase 1, gain on acquisition of additional interest in K-REIT Asia and net fair value gain on investment properties (3) Includes gain on acquisition of additional interest in K-REIT Asia and net fair value gain on investment properties (4) Includes corporate restructuring surplus of $235.2m from sale of ORQ and net fair value gain on investment properties 34 17
Financial Performance 1Q 2012 vs. 1Q 2011 1Q 2012 1Q 2011 % Chg Turnover $170.2m $357.9m (52.4) EBITDA $34.9m $78.4m (55.5) Pre-tax Profit $179m $94.6m 89.2 Net Profit $141.9m $83.3m 70.3 35 Healthy Balance Sheet Strong cash position : $1.6b as at end-mar 2012 Availability of credit facilities and MTN programme (unutilised: US$500m) End-Mar 2012 End-Mar 2011 Net Debt $1.0b $1.1b Net Debt/ Equity Ratio 0.16x 0.24x Avg Interest Rate of Borrowings 1.8% 2.0% Interest Cover Ratio (1) 31.3x 18.2x (1) Interest Cover Ratio = Profit Before Interest and Tax Net Interest Cost on External Borrowings 36 18
Loan Maturity Profile Due in 2012 8% Due in 2013 27% Due in 2014 12% Due in 2015 38% Due in 2016 1% Due in 2017 4% Rolling 10% 0% 10% 20% 30% 40% Total Debt: $2.6b as at end-mar 2012 Fixed rate debt : 51% at end-mar 2012 vs 52% at end-mar 2011 Avg debt maturity : 2.5 yrs at end-mar 2012 vs 2.9 yrs at end-mar 2011 37 Singapore Residential Landbank Project Asset Allocation (as at 30 Jun 2011) Location KLL s Stake Tenure Attributable Land Area (sf) Attributable GFA (sf) Total Units Remaining Units Caribbean at Keppel Bay Keppel Bay 30% 99-yr 314,763 428,773 969 2 Reflections at Keppel Bay Keppel Bay 30% 99-yr 269,932 624,527 1,129 132^ Marina Bay Suites Marina Bay 33.3% 99-yr 19,016 156,462 221 68 The Luxurie Sengkang 100% 99-yr 190,523 571,568 622 300 Keppel Bay Plot 3 Keppel Bay 30% 99-yr 125,366 152,999 367* 367 Keppel Bay Plot 4 Keppel Bay 11.7% 99-yr 35,992 40,300 234* 234 Keppel Bay Plot 6 Keppel Bay 30% 99-yr 141,120 67,813 94* 94 Keppel Towers & GE Tower Tg Pagar Rd / Hoe Chiang Rd 100% Freehold 85,305 477,706 590* 590 Total 1,182,017 2,520,148 4,226 1,787 Figures updated as at end-mar 2012 * Estimated no. of units ^ Exclude 154 units set aside for corporate residences 38 19
China Residential Landbank Site Total Land Total GFA Location KLL's Stake Asset Allocation (as at 30 Jun 2011) Area (sm) Area (sm) Figures updated as at end-mar 2012 # Includes commercial area ^ Excludes commercial area Remaining For Sale (sm) Remaining Units For Sale 8 Park Avenue Shanghai 99% 33,432 133,393 65,233 378 Park Avenue Central Shanghai 99% 28,488 99,708 99,708 708 The Springdale Shanghai 99.4% 264,090 328,792 # 223,582 ^ 1,903 Nanxiang Devt, Jiading District Shanghai 99.9% 71,621 128,918 128,918 1,036 Central Park City, Taihu New City Wuxi 49.7% 352,534 670,931 # 287,931 ^ 2,354 Prime Residential Devt, Binhu District Wuxi 100% 215,230 322,844 322,844 2,500 The Botanica Chengdu 44.05% 419,775 1,049,438 ^ 238,856 ^ 2,497 Park Avenue Heights, Panchenggang Chengdu 100% 50,782 203,129 203,129 1,555 Hill Crest Villa, Mumashan Chengdu 100% 249,330 158,952 158,952 274 Stamford City Jiangyin 99.4% 82,987 300,083 # 232,010 973 The Seasons, Shenbei District Shenyang 100% 348,312 518,416 # 427,120 ^ 3,646 Township Devt, Hunnan New District Shenyang 99.8% 302,681 756,580 756,580 7,026 Integrated Marina Lifestyle Devt Zhongshan 80% 857,753 443,177 443,177 1,647 Serenity Cove (Ph 3) Tianjin 100% 128,685 80,000 79,588 340 Mixed Devt Tianjin 100% 1,666,665 1,358,202 1,358,202 11,299 Tianjin Eco-City Tianjin 55% 365,722 633,798 # 572,614 # 3,724 The Lakefront Residence Nantong 100% 172,215 189,437 # 183,872 # 1,202 Hill Crest Residence Kunming 40% 71,920 20,193 6,354 45 La Quinta II Kunming 40% 23,034 10,928 2,701 20 Total 5,705,256 7,406,919 5, 791,371 43,127 39 Other Overseas Residential Landbank KLL's Total Land Area Total GFA Remaining Area for Remaining Country Site stake (sm) (sm) Sale (sm) Units for Sale India Elita Promenade Asset Allocation 51% (as 96,618 at 30 Jun 237,446 2011) 8,680 55 Elita Horizon 51% 79,927 176,376 176,376 1,138 Elita Garden Vista 37.74% 99,957 195,380 105,899 673 Sub-total 276,502 609,202 290,955 1,866 Indonesia Jakarta Garden City - Phase 1 51% 266,939 140,658 10,690 50 Jakarta Garden City - Phase 2 (Cluster E) 69,970 23,200 30,970 101 - Remaining phases 804,109 923,511 840,471 5,673 Sub-total 1,141,018 1,087,369 882,131 5,824 Thailand Villa Arcadia at Srinakarin 53.66% 159,706 84,440 61,887 196 Villa Arcadia at Watcharapol 71.72% 124,912 68,314 69,042 249 Sub-total 284,618 152,754 130,929 445 Vietnam Saigon Sports City, HCMC 90% 640,477 827,000 # 298,786 ^ 2,325 The Estella, HCMC 55% 47,906 279,851 # 140,818 ^ 919 Riviera Point, Dist. 7, HCMC 38% 89,712 447,000 # 270,466 ^ 2,211 Waterfront Township, Dong Nai Province 50% 3,667,127 2,046,955 # 1,293,500 ^ 7,850 Prime (Condo), Dist. 2, HCMC 60% 51,000 244,800 166,464 1,500 Riviera Cove(Villa), Dist. 9, HCMC 60% 97,000 34,711 10,033 16 South Rach Chiec, Dist 2, HCMC 42% 302,000 755,000 # 641,750 ^ 6,430 Riviera Gardens, Dist. 12, HCMC 60% 113,098 40,715 56,549 174 Villa Development, Saigon South, HCMC 50% 135,000 67,500 67,500 225 Villa Development, Dist 9, HCMC 60% 98,000 45,200 48,900 150 Sub-total 5,241,320 4,788,732 2,994,766 21,800 Middle East Al Mada Towers, Jeddah, Saudi Arabia 51% 36,236 253,652 245,178 1,005 Sub-total 36,236 253,652 245,178 1,005 Philippines Palmdale Heights(Ph2), Manila 30.9% 15,976 62,751 62,751 1,264 SM-KL Residential Devt, Manila 24.2% 7,068 56,000 56,000 430 Sub-total 23,044 118,751 118,751 1,694 Total 7,002,738 7,010,460 4,662,710 32,634 Figures updated as at end-mar 2012 40 # Includes commercial area ^ Excludes commercial area 20
China Residential Launch Units to Launch Location 2012 2013 2014 8 Park Avenue* Asset Allocation Shanghai (as at 3092 Jun 2011) 227 59 Park Avenue Central^ Shanghai - - - The Springdale* Shanghai 288 1,021 605 Nanxiang Development, Jiading District ^ Shanghai 200 605 311 Central Park City, Taihu New City * Wuxi 440 700 773 Prime Residential Devt, Binhu District ^ Wuxi 80 303 511 The Botanica* Chengdu 1,486 1,014 - Park Avenue Heights, Panchenggang ^ Chengdu 236 799 520 Hill Crest Villa, Mumashan^ Chengdu 0 111 113 Stamford City Ph 2 (Blk 5) * Jiangyin 50 105 - The Seasons, Shenbei District* Shenyang 332 1,110 996 Township Devt, Hunnan New District^ Shenyang - - 50 Integrated Marina Lifestyle Devt ^ Zhongshan - - 64 Serenity Cove (Ph 3) * Tianjin - 146 194 Tianjin Eco-City (36.6-ha)* Tianjin 688 1,841 1,198 The Lakefront Residence^ Nantong 26 85 710 Spring City Residential Devts* Kunming 80 138 130 Total 3,998 8,205 6,234 Figures updated as at end-mar 2012 *Balance units ^New launches 41 Other Overseas Residential Launch Units to launch Location 2012 2013 2014 Vietnam Asset Allocation (as at 30 Jun 2011) Saigon Sports City^ HCMC - 200 300 The Estella (Phase 1), Dist 2* HCMC 40 120 85 The Estella (Phase 2), Dist 2^ HCMC - - 200 Riviera Point, Dist 7* HCMC 100 160 205 Waterfront Township^ Dong Nai - 260 340 Prime (Condo), Dist 2^ HCMC - 350 350 Riviera Cove (Villa), Dist 9* HCMC 7 9 - South Rach Chiec, Dist 2^ HCMC - 100 350 Riviera Gardens, Dist 12^ HCMC - 20 80 Villa Development, Saigon South^ HCMC - 20 80 Villa Development, Dist 9^ HCMC 40 66 25 Thailand Villa Arcadia at Srinakarin* Bangkok 60 39 39 Villa Arcadia at Watcharapol* Bangkok 53 56 56 India Elita Promenade* Bangalore 55 - - Elita Garden Vista* Kolkata 169 304 200 Elita Horizon^ Bangalore 36 350 486 Indonesia Jakarta Garden City* Jakarta 213 370 572 Saudi Arabia Al Mada Towers^ Jeddah 400 350 255 Total 1,173 2,774 3,623 Figures updated as at end-mar 2012 *Balance units ^New launches 42 21
Expected Completion - China Projects Projects/ Phases Total No. Year of Units Sold as at Asset Allocation (as at 30 Jun 2011) of Units Completion end-mar 2012 Area Sold as at end-mar 2012 (sm) The Botanica, Chengdu Phase 6-R5a 1,248 2013 835 66,106 Central Park City, Wuxi Phase 3-C1a 750 2012 335 36,235 The Springdale, Shanghai Phase 2 Plot 3-1, 3-2 and 3-3 1,068 2012 499 43,190 Seasons Park, Tianjin Eco-City Phase 1 Plot 10 and 7 1,105 2012 630 61,184 Spring City, Kunming Hill Crest Residence 133 2012 88 12,851 The Seasons, Shenyang Phase 1A 510 2012 190 27,187 43 Expected Completion - Other Overseas Projects Projects/ Phases Vietnam Total No. of Units Year of Completion Units Sold as at end-mar 2012 Area Sold as at end-mar 2012 (sm) The Estella (Phase 1) 719 2012 474 64,446 Riviera Cove 96 2012 80 39,324 Riviera Point (Phase 1A) 549 2014 189 23,285 India e Elita Garden Vista (Phase 1) 688 2012 605 89,481 Indonesia Jakarta Garden City Phase 1 971 2009-2012 921 156,087 Phase 2 Cluster E 43 2012 12 4,550 93 2013 23 5,419 Thailand Villa Arcadia Srinakarin (Phase 1) 211 2012 171 52,945 Villa Arcadia Watcharapol (Phase 1) 45 2012 21 6,664 44 22
Geographical Breakdown Asset Distribution (as at 31 Mar 2012) Vietnam 7% Indonesia 4% India 1% Others 3% China 33% Singapore 52% 45 Singapore Residential Developments to Benefit from MRT lines The Luxurie Keppel Bay Proposed redevelopment of KTGE Towers Marina Bay Suites Source: LTA as at 11 Jan 2012 Sentosa Island 46 23
Singapore Commercial Leading Developer in Marina Bay Marina Bay Financial Centre Comprises 3 Grade A office towers Marina Bay Suites Final phase of luxury residential development in the Marina Bay area One Raffles Quay Ocean Financial Centre Platinum level LEED-CS pre-certification Marina Bay Residences Fully sold out luxury residential development Marina Bay Sands (Integrated Resort) Keppel Land s projects located near the IR 47 Overseas - China Strengthen Market Presence with Selective Acquisitions Nanxiang, Jiading District, Shanghai About 1,000 units Near city centre, train station and British International School Expected launch : 2H2012 (Ph 1) Binhu District, Wuxi About 2,500 units (include commercial) Near MRT station, tertiary institutions and city government Expected launch : 2H2012 (Ph 1) 48 24
Sino- Singapore Tianjin Eco-City Shareholding Structure Tianjin Eco-City shareholding structure (1) : Keppel Corporation Keppel Land Keppel Integrated Engineering Singbridge Int l S pore 45% 35% 20% 90% 10% Chinese Consortium Singapore Consortium 50% 50% Tianjin Eco-City (JV) Registered Capital : RMB 4 billion (1) Summarised graphical representation and not the legal representation of the shareholding structure 49 Sino- Singapore Tianjin Eco-City Keppel s 36.6-ha site in SUA of Tianjin Eco-City Residential : 4,354 homes (include Seasons Park) Mixed-use : Seasons City Shareholding Structure: KLL : 55%; KCL : 45% Project Manager : KLL Entire Development Start-up Area (SUA) Size 30 sq km 4 sq km Development Period 10-15 years 3-5 years No. of Homes > 100,000 >20,000 Population (approx.) 350,000 85,000 50 25
K-REIT Asia Tenants Diversified Across Various Business Sectors Telecommunications & multi-media, 8.0% Legal, 6.8% Retail (Exclude F&B and services), 1.0% Accounting & consultancy services, 1.8% F&B, 1.1% Energy & natural resources, 9.3% Shipping & marine services, 0.3% Services, 4.3% Real estate & property services, 7.1% 208 tenants (1) Banking, insurance & financial services, 50.6% Others, 2.2% IT services & consultancy, 1.8% Hospitality & leisure, 1.9% Government agency, 2.9% Conglomerate, 0.9% (1) Tenants with multiple leases are accounted as one tenant. 51 This release may contain statements which are subject to risks and uncertainties that could cause actual results to differ materially from such statements. You are cautioned not to place undue reliance on such statements, which are based on the current views of Management on future developments and events. 52 26