BHG RETAIL REIT

PHILLIP SECURITIES

19 APRIL 2022

Content

  • ▪ Overview

  • ▪ FY 2021 Key Highlights

  • ▪ Investment Overview

  • ▪ Looking Forward

Brief Introduction

Listed on SGX Mainboard on the 11 December 2015

Singapore's First Pure-Play China Retail REIT Established

By A China-Based Group

("Beijing Hualian Group")

Multi-tenantedMaster-leased

1. Based on independent valuation from Knight

Frank Petty Limited as at 31 December 2021.

The Big Picture: Our Value Proposition

Strategy

Quality

Growth

  • ▪ One-stop destination malls

  • ▪ Located in High Density Residential Neighbourhoods (Recurring Visitor- ships)

  • ▪ Rising Chinese Residents' income + Consumption upgrade

  • ▪ Track Record of Healthy occupancy rate and rental growth

  • ▪ Capital Management

  • ▪ Financially Strong & Committed Sponsor Group

    • - Retail Conglomerate

    • - Networks

  • ▪ Hefei Changjiangxilu Acquisition

    (April 2019)

    - NAV per Unit & DPU accretive

  • ▪ Visible & Substantial Sponsor Pipeline

  • ▪ Continual Asset Enhancements

FY 2021 Key Highlights

Delivering Commendable Results

RESILIENT PORTFOLIO

  • ▪ Portfolio occupancy of 97.0%

  • ▪ Healthy retention rate and rental growth

  • ▪ Staggered lease expiries

COMMENDABLE FY 2021 FINANCIAL PERFORMANCE

  • ▪ Gross revenue up 16.6% year-on-year

  • ▪ Amount to be distributed to unitholders grew 17.2% year-on-year

PROACTIVE CAPITAL

MANAGEMENT

  • ▪ Healthy gearing of 34.1%

  • ▪ Substantial debt headroom

  • ▪ About 50% of total loans are hedged via interest rate swaps

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Disclaimer

BHG Retail REIT published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 01:34:05 UTC.