SMID Research · evidence before opinion

Transcripts & notes · CapitaLand China Trust briefings · Machine transcript

FY 2025 Full-Year Financial Results Briefing

FY 2025 Financial Results Presentation & Analyst Q&A · · 01:53:48 · ~10,811 words

Unofficial machine transcript. Prepared by SMID Research from the issuer's public webcast recording by automated speech recognition, without a full manual check: expect mis-heard names and figures. The text is not divided by speaker; timestamps refer to the recording. Not a company publication. The CLCT's results webcast is the authoritative record. Copyright in the briefing rests with CapitaLand China Trust; contact [email protected] for corrections or removal. We welcome corrections and appreciate your help improving this record. Please email [email protected] with the briefing date and timestamp or passage.

CLCT's results webcast ↗ CLCT investor relations ↗ Preview Markdown All CapitaLand China Trust briefings

Contents

Opening & Operational Highlights

[00:00:00]

Okay, let me see here. I'm gonna really put the incanticase. Let me see if I can see by the last one second. I do not see a bit of the incanticase. Okay, I do. Can I start the first thing? Oh, but now. Okay. Okay, can I start the audio test? Okay. Can you hear me?

[00:01:03]

You just count. Okay. Okay. Okay. So I will keep counting. Spending from now. So one, two, three, four. Because we can't actually put the eye in the middle of the table because of the other side.

[00:02:02]

Yes. Because this is our usual process. How is it? Because we need to give this. This is a bit. Okay. One more.

[00:03:37]

There are going to be five people. Yes. Okay.

[00:04:24]

See, we need to get rid of this. Okay. This presentation may contain four looking statements. Actually, two future performance outcome and result may differ. Matyrally from those expressed in for the best payment as a result of a number of risks and certainty and assumption. See, please continue.

[00:05:11]

Thomas is that is that okay. Okay. So you have me to face away from the microphone. Okay, representative examples of these factors include

[00:05:59]

without limitation, general industry and commit conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies shift in customer demand, shift in expected levels of occupancy rate, from the rental income, cash out collection, changes in operating expenses, putting employee wages, benefits and training, Okay. And I think there are just the two main presenters and I'll be at the seat to do the moderate thing.

[00:06:45]

But okay, right now, I'm at the seat for I have no design or I think you will present only for like that. But the mic is quite perfect. Okay. You are question not to case and the reliance on this for looking statements, which are based on the current view of management regarding future events. No representation over on this. First of all, it's made us to have a real entry place. That's it.

[00:07:45]

Okay. Trying. Yes. This is the, I think I'll let my IPM hit sit here and my answer be of questions. Okay. The past performance of CLCT is not indicative of future performance. The listing of the units in CLCT on the same purpose has changed the current these training limited does not guarantee a liquid market for the units. If for the value of the units and income

[00:08:47]

derived from them may fall as well as rise. Units and not obligations of because it's in our guarantee. The manager or any of these affiliates and the investment in the units is subject to investment risk including possible laws of principle or more investor. Okay.

[00:09:41]

Okay. Um, just want to let you know right, our server is a bit slow in office today. So it's like, you know, all of you can take. I'm just not a tree.

[00:10:54]

David, that's that is okay. Right. Yeah. Because this one is more in case he gets asked questions last. So I think should still be okay. Okay. Yes, I send you the slicing. I'm a step this morning. He's on slice. So you. Okay. Uh,

[00:11:41]

my manager will come in about then 15. So we'll do a quick round when they come in. Thank you.

Analyst Q&A Session

[00:34:50]

My question is here. Yes. Okay. I think most of my management is in. Let me just have my mommy needs. I think I think Joanne went to the mushroom. You know,

[00:36:58]

so it's a bit like choppy. Hi, Thomas. Can you hear me? You do a round sound. Yes. I can ask us. Then I can just count to 20. Okay. One, two, three, four, five, six, seven, eight, nine, eleven. Okay. I would do it. Okay. One, two, three, four, five, six, seven, eight, nine, ten, eleven,

[00:37:44]

one, two, three, four, five, six, seven, seven, three, four, five, six, seven, eight, nine, ten. Uh, last one here, one, two, three, four, five, six, seven, eight, nine, 10. Okay. Thank you. Let's start. Good. Here is your... Keke, good morning everyone. Welcome to CRCTs from year 2025 and the least amidobry fund.

[00:42:47]

I'm Seo Yee in investor relations for CRCT. Joining me today we have our CEO, Jerry, CFO, Joanne, CFO, Des replenishing Tongue and here I P Buyonutong. For this briefing we'll start with a brief presentation followed by Q&A session. If you have a question, please use the recent feature and are there at the time to you. If there are now handover the time to Jerry, please go ahead. Welcome everyone to CLCT School Year 2025 Financials Without Refink. Thank you for making time. The 10 of presentation is going. First CLCT is the first and largest trans focus S-RIT and we uniquely offer connectivity

[00:43:34]

to both S-RIT and C-RIT markets. Our TLDA assets now is 4.5 billion. We have eight retail malls, five business parks, and four logistics parks. We predominantly tier one and tier two city exposure. Distribution you based on our announced FY25, two years, 25 by GPU is 6.2% in terms of our asset allocation. Retail is our largest and most resilient asset class 69% of gross rent income. This is bread and butter more relatively defensive and benefits from government initiatives to boost domestic consumption. We also have new economy assets, business parks,

[00:44:19]

largest expansion, which formed smaller part of our portfolio at the 21% providing around some exposure to China's efforts to grow technology and innovation, including key sectors semiconductors, electronics, and ICT. Our retail portfolio, while retail portfolio, one of the key highlights in 2025, was our establishment and listing of our C-RIT platform, CLCR on Shanghai Stock Exchange together with our sponsor. We managed to monetize one of CLCT's asset capital market working from a kilo to city in Changsha into the C-RIT, CLCR at a premium to our valuation.

[00:45:05]

CLCR has, the C-RIT has also done well and since listing has traded up almost 20% here today. So all the transactions that we have done in 2012 by validate the value and liquidity of our retail assets and CLCT will continue the sick opportunities to utilize this unique S-RIT C-RIT connection, the benefit of unit holders. This also gave us greater confidence to actively source for new retail assets for investments. Well, we want to repeat what we have done in the marketing space that is we buy well at value with our operational and EIA expertise and we cycle at the good price within a radically short period of time.

Continue reading the full transcript

This public preview contains approximately 10% of the transcript. Sign in to retrieve the rest. A free account includes 10 full transcript retrievals per day; reopening a transcript counts again.

Automated speech recognition of the CLCT_FY2025 webcast recording at https://webcast.openbriefing.com/CLCT_FY2025/; not divided by speaker. Prepared 5 September 2026 by SMID Research.

← Earlier: 1H 2025 Financial Results · Later: 1Q 2026 Business Updates →

← Back to the CapitaLand China Trust briefings · All companies’ briefings · Data catalogue