presentation on 4q 2007 results-csy 150108 final v1(part3) · 2012-12-21 · technip. the current...

Proposed Acquisitions

�� Proposed acquisition of Quill Building 5 Proposed acquisition of Quill Building 5 -- IBM for RM43.0 million; IBM for RM43.0 million;

�� Proposed acquisition of Quill Building 8 Proposed acquisition of Quill Building 8 -- DHL for RM28.8 million; andDHL for RM28.8 million; and

�� Proposed acquisition of Quill Building 10 Proposed acquisition of Quill Building 10 -- HSBC for RM22.7 millionHSBC for RM22.7 million

Proposed Acquisitions of 3 Properties

QCT’s Property Portfolio Size will increase from

RM549 million to RM643 million upon

Completion Of Proposed Acquisitions

QCTQCT’’ss Property Portfolio Size will increase from Property Portfolio Size will increase from

RM549 million to RM643 million upon RM549 million to RM643 million upon

Completion Of Proposed AcquisitionsCompletion Of Proposed Acquisitions

Total Purchase Consideration = RM94.5 million

44

Quill Building 5 – IBM (Cyberjaya)

�� Description: 5Description: 5--storey building with 2 storey building with 2 ½½ storey storey

basement car parksbasement car parks

�� Land Title : GRN 102620, Lot 33402, Land Title : GRN 102620, Lot 33402, MukimMukim

DengkilDengkil, Daerah , Daerah SepangSepang (Freehold)(Freehold)

�� Land Area : 69,763 sq. ftLand Area : 69,763 sq. ft

�� Main TenantMain Tenant : IBM Malaysia Sdn Bhd : IBM Malaysia Sdn Bhd

�� Tenancy Period: 3+2+3+3 (First 5 years fixed)Tenancy Period: 3+2+3+3 (First 5 years fixed)

�� NLA: 80,000 sq ft NLA: 80,000 sq ft

�� Car Park: 217 covered car parksCar Park: 217 covered car parks

24 uncovered car parks24 uncovered car parks

Market Value: RM43 million

Purchase Price: RM43 million

Expected 1st year Net Property Yield : 6.5%

45

Quill Building 8 (Glenmarie) - DHL

�� Description: 3Description: 3--storey buildingstorey building

�� Land Title : HS(D) 225960, PT112, Bandar Land Title : HS(D) 225960, PT112, Bandar

GlenmarieGlenmarie Daerah Daerah PetalingPetaling (Freehold)(Freehold)


�� Lessee : DHL Express (Malaysia) Sdn Bhd Lessee : DHL Express (Malaysia) Sdn Bhd

�� Lease Period: 5+5 (from 1 Jul 2006)Lease Period: 5+5 (from 1 Jul 2006)

�� NLA: 65,205 sq ftNLA: 65,205 sq ft

Market Value: RM28.8 million

Purchase Price: RM28.8 million


46

Quill Building 10 (Petaling Jaya) - HSBC

�� Description: 4Description: 4--storey building with one storey building with one

storey basement car parkstorey basement car park

�� Land Title : PN 3699, Lot 57, Land Title : PN 3699, Lot 57, SeksyenSeksyen 13, 13,

Bandar Bandar PetalingPetaling Jaya (99 years Leasehold, Jaya (99 years Leasehold,

expiring 27 Jan 2063)expiring 27 Jan 2063)


�� Lessee : HSBC Bank (Malaysia) BerhadLessee : HSBC Bank (Malaysia) Berhad

�� Lease Period: 6+3+3 (from 1 May 2006)Lease Period: 6+3+3 (from 1 May 2006)

�� NLA: 58,428 sq ftNLA: 58,428 sq ft

�� Car park : 74 lotsCar park : 74 lots

Market Value: RM22.74 million

Purchase Price: RM22.74 million


47

Proposed Acquisitions Structure

� The Proposed Acquisitions will be funded by internal generated funds and / or debts.

� The Proposed Acquisitions will be yield accretive to QCT

48

Effects of New Acquisitions

Real Estate Portfolio to increase by 17%

RM643m

RM549 m

RM276 m

0

100

200

300

400

500

600

700

1 2 3Dec 20078 Jan 2007 2 Q 2008

17%

100%

Note: Assume completion of acquisitions by 1 April 2008

RM’000

50

Further Geographical Diversification

Existing Properties Post-Acquisitions

Mont Kiara

19%

Kuala Lumpur

City Centre

26%

Cyberjaya

55%

QCT will further diversify geographically to other areas in Klang Valley

Kuala Lumpur City

Centre

22%

Other Klang Valley Area

8%

Mont Kiara

16%

Cyberjaya,

54%

Notes: (1) Other Klang Valley Area refers to Klang Valley generally excluding KLCC and Mont Kiara

(2) As at 31 December 2007, the real estate portfolio comprises 4 properties injected during the IPO, part of Plaza Mont’ Kiara and Wisma

Technip. The current market value of all 6 properties was valued by C H Williams Talhar & Wong on 1 December 2007

(3) The 3 new properties to be acquired were valued at RM94.5 million by CH Williams Talhar & Wong on 7 January 2008

By Value

51

Diversification of Properties

As at 31 December 2007

Quill Building 1-

DHL 1, 10%

Quill Building 4-

DHL2, 11%

Quill Building 3-

BMW, 12%

Part of Plaza

Mont' Kiara, 19%

Quill Building 2-

HSBC, 22%

Wisma Technip,

26%

Total Property Investment Value: RM549 mil

Quill Building 1-

DHL 1, 9%

Quill Building 4-

DHL2, 10%

Quill Building 3-

BMW, 10%

Part of Plaza

Mont' Kiara, 16%

Quill Building 2,-

HSBC-18%

Wisma Technip,

22%

Quill Building 10 -

HSBC(M), 4%

Quill Building 8 -

DHL3 - 4%

Quill Building 5 -

IBM, 7%

Total Property Investment Value: RM643 mil

Post-Acquisitions

Note: (1) As at 31 December 2007, the Total Property Investment Value was based on valuation made by C H Williams Talhar & Wong on 1 December 2007

(2) The 3 new properties to be acquired were valued at RM94.5 million by CH Williams Talhar & Wong on 7 January 200852

IBM – New blue-chip tenant added to the portfolio

Current - Tenants from 6 Properties Tenant Composition Post-Acquisitions

Panasonic

1%

ACS

1.3%

Sunrise

7.3%

TRW

2.7%

Quill

6.5%

IBM

5.2%

BMW

3.5%

DHL

25.1%

HSBC

24.2%Technip

23.2%

DHL

24%

Technip,

29%

Quill

4%

BMW

4.4%

Sunrise,

9.2%

TRW

3.4%

HSBC

23%

ACS,

1.7%Panasonic

1.3%

Notes : The above tenancy mix is calculated based on NLA

53

Tenancy Mix Analysis Post-Acquisitions

Automotive

6.2%

Logistic

25.1%

IT/Electronics

7.5%

Banking

24.2%

Oil & gas

23.2%

Property/

Construction

13.8%

Notes : The above tenancy mix is calculated based on NLA

54

KL Office Market Uptrend Continues

KL Office Market Uptrend Continues

� Sustainable and healthy economic growth

– Strong focus on Klang Valley, Penang and Johor

� KL office market experiencing market upturn

– Strong demand from business expansion coupled with tight supply of quality office space in the next 12 months

� Increased foreign interests in KL property market

– Favourable foreign property investment policies

– Expected foreign exchange gains

– Offers attractive pricing & yields compared to regional peers

– Developing M-REIT markets

56

QCT’s Strategy

QCT Tomorrow

�Yield accretive acquisitions with long term sustainable growth

�Focus on strategically located premier quality buildings

�Klang Valley & other states in Malaysia

�Focus on continuous improvement to buildings and tenant relations

58

2008 Target Asset Size

Note: The Total Asset size in 2Q 2008 is based on the assumption that the proposed acquisitions of 3 properties is completed in 2Q 2008

RM750 mil

RM643 mil

RM549 mil

RM276 mil

0

150

300

450

600

750

900

8-Jan-07 3-Sep-07 2Q 2008 end 2008

By end of 2008, we target to achieve total asset size of approximately

RM750 million

8 Jan 2007 2 Q 200831 Dec 2007 End 2008

RM Million

59

Long Term Sectoral & Geographical Growth

QCT

Premier Properties

Source

Pipeline and future commercial properties in

Malaysia from

Quill & CapitaLand

3rd party commercial properties

Klang Valley

(70%-80% of portfolio)

Other States

(20%-30% of portfolio)

Offices

Retail Assets

Car Parks

Business Technology Park

Other Commercial Assets

Offices

Retail Assets

Car Parks

Business Technology Park

Other Commercial Assets

60

Acquisition Growth

Pipeline of commercial properties from Quill’s and CapitaLand’s existing portfolio in Malaysia

�� New HSBC HQ (New HSBC HQ (’’10*)10*)

�� KL KL SentralSentral Lot J (Lot J (’’11*)11*)

Future vehicles or property funds created by Quill or CapitaLand in Malaysia

�� USD 270M (approx USD 270M (approx RM1B) Malaysia RM1B) Malaysia Commercial Commercial Development FundDevelopment Fund

Active implementation of acquisition strategies as stated in QCT’s prospectus since listing…

* Projected injection and/or development completion dates

Third party commercial properties

61

Quill Capita Management Sdn Bhd

Suite 11.01A Level 11

Menara Citibank

165 Jalan Ampang

50450 Kuala Lumpur

For information, please call:

Mr Chan Say YeongMs Yong Su-Lin Corinne TanCeline Lau

(General Line: 03-2380 6288)

62

Thank You

63

presentation on 4q 2007 results-csy 150108 final v1(part3) · 2012-12-21 · technip. the current...

Documents