FY 2024 Full-Year Financial Results Briefing

Good morning. Yeah, I hope you all are feeling great today. Happy New Year if you're celebrating. If not, I hope you had a good week by last week. I'm Allison from the investor relations team. We have the management here with us today as well. I'll introduce them later during the Q&A. Took things all this morning, Tony will share his highlights for the full year results. And now I'll invite Tony on stage to share his insights.

Good morning. We wish everyone happy New Year. Happy New Year. So, in the meantime, this is certainly a share. Obviously, we know entering into NIFA is quite uncertain here. Given what's happened late last year, I think as I go through the presentation, I think we are quite a position to face any car challenges ahead. So, I think we continue our efforts to really quite tune our portfolio, I think for the last two years or so, in anticipation of potential changes in climate, on environment.

It's like to slide five. So, I think this will be a key anchor going forward for next couple of years. And we anticipate we will be continue to be quite active in looking at how we can even further strengthen the portfolio. A couple of things we have been doing over the last two years, I think bearing fruits. I think these are a work for our efforts that would always anchor such as this stronger as we go into the year after year. Next slide. I think it would be very just to ask the recap before I go to the full financial year.

Just a quick recap on why activities has happened, so that you have something bearing, how that number sets gone into our results. We started earlier the year when you announced AEI for IMM, the world actually started in about second quarter. So, phase one, phase two, a large part of the space. Mostly at the supermarket area that we were claiming back, and we had done a little bit of recising and of course, to introduce other retail trade. With the aim of bringing in up to in total 110 hours in IMM, our workshops in IMM.

So, there would be one of the strong anchor. So, we announced that AI, they went on with initially, phase one, phase two, and the fixed part phase three. So, there was some incoming pack in 20 to 24, but no, it started to stream in towards the end of the year, and those phase one's phases were the impact that income was done contributing again. I also forgot to mention that Gallileo, we took back the building at end-genry, so income frozen there, so we are no income for the end-genry for Gallileo.

So, in the income gone, IMM income as far as I think part of it is gone also from second quarter into quarter. And then we also completed, as you move along the timeline, the CQ @ Clarke Quay AEI, there was announced that in last year we did that. So, it was completed late, late, late part. You know, the official activity will be around the quarter this year, so that also started to see some contribution coming and clicking in. And we announced more AEI work at Sigma One or building one or one dollar, really to uplift the overall quality of the building.

101-103 Miller Street we can't be able to do with more value. And it's one of the, I will say, the vintage premium grade of this. So, I would say, vintage premium building, and no signe. Last few years there were a few newer buildings that came out pre-meme level, but this is really the first vintage level. I mean, it's like our capital tower here back in maybe early 2000s. They were the premium grade. So, it's quite timely to bring that all back. And I think more than an hour's agreed that we should spend a little bit more money to uplift it.

And we got very strong tenant effect, even prospective tenant, like it very much. I think we are potentially seeing a bit more traction from a listing front. So, AEI over there completed. Other area that we're going to start looking at is more of the retail component, we'll be calling a greenwood plaza. And we also done a couple of jobs going to a portfolio. Probably well known we acquired ION, completed in 12 September, no, no, completed in 30. After AGM 30, 31 October, we'd officially over.

And then we'd have a certain CQ @ Clarke Quay. It was completed somewhere in the middle of November as well. So, a lot of activity happened over the year and it would make no noise. The number is a little bit more difficult to rationalize, but I thought it was quite good to just go a little bit recap so that it recalibrate the tenant. So, we're going to start looking at the $25,000 in $6,000. There's a little bit of projection going forward. So, we are pleased to end the year in a very strong position as a result. If you look at all the matrices on sequential quarter to quarter is improved,

a little attached on portfolio, occupancy has gone up to 96.7%. Sequentially about 0.3%, 0.8% basically across the tree packets. Other matrices, which are touched on later on, I think it needs a little bit more elaboration. Ten materials here is portfolio, and it's 8.8% in the office, sorry, reversion. Office reverses 11.1%, give it a little bit more color later. It just deals up to 0.4%. Again, I'll give a little bit more color, likewise for traffic, and see the occupancy cost.