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30 March 2017

CapitaLand Malaysia Mall TrustMalaysia’s shopping mall-focused REIT

with an income and geographically-diversified

portfolio

Annual General Meeting

Annual General Meeting *30 March 2017*2

DisclaimerThese materials 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, shifts in expected levels of property rental income, changes in

operating expenses, including reimbursable staff costs, benefits and training, property expenses and governmental

and public policy changes. 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 these materials 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 these materials. Neither CapitaLand Malaysia Mall REIT

Management Sdn. Bhd. (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, from any use, reliance or

distribution of these materials or its contents or otherwise arising in connection with these materials.

The past performance of CMMT is not indicative of the future performance of CMMT. Similarly, the past performance

of the Manager is not indicative of the future performance of the Manager.

The value of units in CMMT (“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. It is intended that holders of Units may

only deal in their Units through trading on Bursa Securities. Listing of the Units on Bursa Securities does not guarantee a

liquid market for the Units.

These materials are for information only and does not constitute an invitation or offer to acquire, purchase or

subscribe for Units.


Contents

• Year in Review

• Financial Highlights

• Portfolio Highlights

• New Initiatives & Improvement Works

• Shopper Engagement & Community Initiatives

• Corporate Social Responsibility & Awards

• Looking Forward


Year in Review

Gurney Plaza, Penang, Malaysia


Year in Review

• Macroeconomic pressures, implications following the implementation of Goods and ServicesTax and weakening of the RM were causes of concern during 2016

• The challenging environment was further aggravated by the incoming supply of newshopping malls, particularly in the Klang Valley

• Prolonged cautious consumer sentiment and lack of business confidence since 2015

• Portfolio occupancy remained high at 96.5%

• Shopper traffic1 increased 4.1% year-on-year

• Average tenants sales per square foot1 increased 0.4% year-on-year

• 3.5% decrease in renewal/new lease rental rate for 2016 lease expiries2

– Excluding Sungei Wang Plaza, rental reversion was positive 3.9%

• Embarked on strategies to reinvent and invigorate Sungei Wang Plaza in efforts to draw newshoppers and incubate new trades

– Toys and hobbies cluster on Level 2

– The Cubez on Level 2 to promote online-to-offline convergence

– FoodZania on Level 3

Operating Environment

Steady Operational Performance

Focus on Innovation

(1) Excluding Tropicana City Mall.

(2) Based on the rental of the first year of the renewed/new lease term compared to the preceding rate (last year’s rental of the

preceding term).


Year in Review (cont’d)

• Innovative shopper engagement through experiential retailing

– Extension of CapitaStar in Klang Valley and East Coast of Peninsular Malaysia

• Completed reconfiguration works for Gurney Plaza’s Basement 1 and conversion of acommon walkway into leasable space on Level 7 to expand food and beverage offerings

• Created new leasable space adjacent to Tropicana City Office Tower and convertedareas on Level 1 to enhance the trade mix at Tropicana City Mall

• Obtained a new unsecured revolving credit facility of RM50.0 million

• The credit margin for an existing floating-rate credit facility was tightened by 20 basispoints

• Issued 3-year unrated and secured Medium Term Notes (MTN) of RM300.0 million at alower coupon rate of approximately 4.3% per annum to redeem the outstanding MTN

Optimal Capital Management

Focus on Innovation (cont’d)

Asset Enhancement Works


Unit Price Performance Since IPO to 31 December 2016

0.9

1.0

1.1

1.2

1.3

1.4

1.5

1.6

1.7

1.8

1.9

2.0

Ju

l-10

No

v-1

0

Ap

r-11

Au

g-1

1

De

c-1

1

Ap

r-12

Se

p-1

2

Ja

n-1

3

Ma

y-1

3

Se

p-1

3

Fe

b-1

4

Ju

n-1

4

Oc

t-14

Ma

r-15

Ju

l-15

No

v-1

5

Ma

r-16

Au

g-1

6

De

c-1

6

31 Dec’10:

RM1.12

31 Dec’11:

RM1.44

Source: Bloomberg as at 30 December 2016.

Note (1) Total returns based on:

(a)Capital appreciation of 55.0 sen from listing price of RM0.98 to 30 December 2016 closing price of RM1.53, and

(b)Total distribution of 54.5 sen from 14 July 2010 to 31 Dec 2016.

Unit Price up by 56.1% since IPO

Total Returns since IPO: 111.7%

Listing price on

16 Jul’10: RM0.98

31 Dec’12:

RM1.80

31 Dec’13:

RM1.4031 Dec’14:

RM1.43

31 Dec’15:

RM1.38

30 Dec’16:

RM1.53


Financial Highlights

Sungei Wang Plaza, Kuala Lumpur, Malaysia


Financial Highlights

Net Property Income (RM million)

Distribution Per Unit(sen)

Distributable Income(RM million)

Portfolio Valuation(RM million)

Delivering Sustainable Income Distribution & Potential Capital Growth

Distribution Policy

Payout policy ratio: at least 90.0% of CMMT’s total distributable income in each financial

year.

Distribution payment: semi-annual basis for each six-month period ending 30 June and

31 December of each year.

3,233

FY 2015 FY 2016

1.3%

162.8

171.1

FY 2015 FY 2016

5.1%

8.43

FY 2015 FY 2016

2.0%

7.1%

226.4

242.5

FY 2015 FY 2016FY 2015: Financial Year ended 31 December 2015.

FY 2016: Financial Year ended 31 December 2016.

3,938

8.60

Annual General Meeting *30 March 2017*

3,886


Financial Highlights (cont’d)

1

Balance Sheet

As at 31 December 2016 RM'mil

Non-current Assets 3,941 NAV (RM'mil)

Current Assets 208 - before income distribution 2,686

Total Assets 4,149 - after income distribution 2,600

Current Liabilities 154

Non-current Liabilities 1,309 NAV per unit (RM)

Total Liabilities 1,463 - before income distribution 1.32

Net Assets 2,686 - after income distribution 1.28

Total Unitholders' Funds 2,686

Number of Units in Circulation

(in million units)2,031


Term Loan Facilities

Unrated Medium TermNotes

Revolving CreditFacilities

Diversified Sources of Funding

2015 2016

2015 2016

Total Borrowings (RM million) 1,264.1 1,316.7

Gearing Ratio 31.5% 32.4%

Average Cost of Debt 4.5% 4.5%

Unencumbered Assets as a % of Total Assets 34.1% 30.4%

24%

3%

73% 23%

7%

70%


919

-

349 270 300

300

-

300

98

44

54

0

200

400

600

800

1,000

1,200

1,400

TotalBorrowings

2017 2019 2022 2026 2028

RM'mil

Term Loan facilities

Unrated Medium Term Notes

Revolving Credit facilities

1,317 Floating

28%

Fixed

72%

Debt Profile (As at 31 December 2016)

Debt Maturity Profile Interest Rate Profile

1. Includes short and long term

revolving credit facilities of RM98

million

Well-Spread Debt Maturity ProfilePrudent Interest Rate

Risk Management

1

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