CapitaLand Malaysia Mall Trust | Annual Report 2020

CMMT Group Performance Highlights (RM mil) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Gross Rental Income 210.3 266.9 271.2 289.4 292.9 Car Park Income 14.6 23.1 24.2 24.5 24.6 Other Revenue 36.5 52.3 54.7 55.0 55.1 Gross Revenue 261.4 342.3 350.1 368.9 372.6 Net Property Income 133.5 202.1 215.0 237.1 242.5 Distributable Income 61.8 128.0 161.3 167.4 171.1 Distribution Per Unit (Sen) 3.00 6.25 7.90 8.22 8.43 Distribution Yield 1 (%) 4.80 6.25 7.82 4.49 5.51 Annual Total Return 2 (%) (34.5) 5.2 (40.5) 25.0 17.0 Average Total Return (3 years) (%) (23.3) (3.4) 0.5 14.8 9.3 Average Total Return (5 years) (%) (5.6) 1.8 2.5 7.1 8.3 (Loss) / Earnings Per Unit (Sen) (4.11) 3.55 6.64 7.97 8.27 Management Expense Ratio 3 (%) 0.8 0.9 0.9 0.9 0.9 CMMT Group Financial Position Highlights (RM mil) FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Portfolio Property Valuation 3,895.0 4,035.0 4,019.0 3,966.0 3,938.0 Total Assets 3,999.4 4,143.8 4,143.0 4,177.9 4,148.9 Total Borrowings 4 1,411.6 1,376.7 1,321.9 1,341.0 1,316.7 Unitholders’ Funds 2,443.9 2,601.9 2,666.6 2,687.2 2,685.6 Net Asset Value (NAV) Before Final Income Distribution 2,443.9 2,601.9 2,666.6 2,687.2 2,685.6 Net Asset Value (NAV) After Final Income Distribution 2.402.8 2,539.8 2,587.3 2,604.1 2,599.7 NAV Per Unit Before Final Income Distribution (RM) 1.1842 1.2681 1.3045 1.3187 1.3220 NAV Per Unit After Final Income Distribution (RM) 1.1643 1.2378 1.2657 1.2779 1.2797 CMMT Group Capital Management Highlights FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 Gearing Ratio (%) 35.7 33.7 32.5 32.8 32.4 Unencumbered Assets as % of Total Assets 28.1 28.3 28.0 29.7 30.4 Average Term to Maturity (years) 3.5 4.4 4.8 5.7 6.8 Interest Coverage (times) 2.1 3.0 3.2 3.7 3.8 Average Cost of Debt (%) 4.1 4.4 4.5 4.4 4.5 1 Based on the closing market price of the respective financial year. 2 Annual total return is equal to the DPU plus capital appreciation (in sen) during the year divided by the opening unit price at the beginning of the financial year. 3 Refers to the expenses of CMMT excluding property operating expenses and interest expense but including the Manager’s management fees, expressed as a percentage of average net assets. 4 Before deducting unamortised transaction costs. CMMT Group refers to the consolidation of CMMT and its wholly owned subsidiary, CMMT MTN Berhad. Unitholders are advised that past performance is not necessarily indicative of future performance and unit prices and investment returns may fluctuate. 17 BECAUSE TOMORROW MATTERS