KLCC Property Holdings BerhadAnalyst Briefing

Mandarin Oriental Kuala Lumpur3 September 2013

Property Portfolio

Overview of the Stapled Structure

KLCCP Stapled Group

KLCCP Stapled Securities holders

REIT Portfolio

KLCC REIT

(Islamic REIT)

• PETRONAS Twin towers

• Menara ExxonMobil

• Menara 3 PETRONAS

• Suria KLCC

• Mandarin Oriental Kuala Lumpur

• Menara Dayabumi

• Lot D1

KLCCP

Management Services

• Property Management (i.e. KLCC Urusharta)

• REIT Manager (i.e. KLCC REIT Management)

• Car Park Operator (i.e. KLCC Parking

Management)

Common

management and

board of directors

4

Basis of Consolidation

• KLCCP is deemed to be the controlling entity as it has power to

govern the financial and operating policies of KLCC REIT.

• KLCCP holds no equity interest in KLCC REIT. Therefore, KLCC

REIT will be treated as 100% non-controlling interest in the

consolidated account of KLCCP

The Period In Review:

KLCCP’s Stapled Group Financial Results

30 June 2013 30 June 2012

Statements of Comprehensive Income

Revenue 626 564

Operating Profit 477 410

Profit Before Taxation 427 379

Profit For The Period 364 288

Profit Attributable to Equity Holders of KLCCP & KLCC REIT 275 193

Statements of Financial Position

Total Assets 15,973 15,791

Total Liabilities 2,840 2,798

Equity Attributable to Equity Holders 11,427 8,434

GROUP

(RM million)

Financial Results Overview – Period Ended June 2013

11%

Variance:

June 13 vs June 12

Variance:

June 13 vs Dec 12

13%

26%

42%

2%

16%

35%

1%

31 Dec 2012 30 June 2013

GROUP

(RM million)

Financial Results Overview – Qtr1, 2013 & Qtr2, 2013

Qtr 1, 2013 Qtr 2, 2013Period

Ending

KLCCP KLCCP KLCC REIT Total June 2013

Statements of Comprehensive

Income

Revenue 310 218 97 316 626

Operating Profit 237 153 87 240 477

Profit Before Taxation 206 147 74 221 427

Profit For The Period / Year 150 140 74 214 364

Dividend/Income distribution:

Realised distributable income 88 81 60 141

Distribution rate 92.36% 95%

Dividend/Income Distribution 81 134 215

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Market

Valuation 2004(Since Listing)

Market

Valuation 2007

Market

Valuation 2008

Market

Valuation 2009

Market

Valuation 2010

Market

Valuation 2011

Market

Valuation Dec2011

Market

Valuation Dec2012

Continuous growth in the value of investment properties is a strong testament as to their quality and strategic location…

… as evidenced in the gain in valuation achieved for year ending 2012 of RM1,379 million. The recognized carrying value at 31 Dec 2012 was RM13,807m

6,260

+5%

+6%

+9%

+6%

+10%

+12%

+27%

The Carrying

Value for

2013 will be

determined

at Year End

13,807RM Million

54%

51%

37%33%

31%27% 27%

25%22%

17%

0%

10%

20%

30%

40%

50%

60%

0

500

1,000

1,500

2,000

2,500

3,000

FY04/05 FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FP2011 FY2012 June, FY2013

RM

mil

- Long Term Borrowings - Short Term Borrowings - RCULS Gearing Ratio (Debt / (Debt + Equity))

Reduction in Group gearing ratio to 17% mainly as a result of improvement in equity

2,695

2,487

2,2872,125 2,103

1,9992,160

2,380

Debt includes all external loans, RCULS (liability portion) but excludes shareholders advances, accrued interest and

amortisation of early redemption Midciti PDS

2,375

Restated

2,322

The Period In Review:

Overview of Segmental Performance

247.6 294.4

182.3

204.8

89.0

78.7 45.6

48.3

-

200

400

600

800

30-Jun-12 30-Jun-13

Office Retail Hotel Operations Management Services

12%

19%

-13%

6%

Group revenue for period ended June 2013 increased by 11% or RM62 million on the back of improved performance in most segment…..

…

Segmental Revenue (RM million)

RM 564m

RM 626 m

… in particular an increase of 19% or RM46.8 million in the office segment mainly due to the triple net lease renewal of the PETRONAS Twin Towers

The Period In Review:

Dividends To Shareholders

3.5%

2.9%

3.7% 3.4%3.7%

4.2%3.6%

4.1%

2.5%

3.6% 3.5% 3.3% 3.6%

4.2%

2.6%

4.0%5.2%

6.2% 6.3% 6.5%7.1%

7.9%

9.8%

16.3%

8.70

10.44 10.50 11.00

12.00 13.33

16.50

27.42

-

5.0

10.0

15.0

20.0

25.0

30.0

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FP2011 FY2012 FY2013Forecasted

Sen P

er

Share

Net D

ivid

end / A

vg. S

hare

Pri

ce

Net Dividend Per Share and Yield on Share Prices Since Listing

Net Dividend / Average Share Price Net Dividend / Year End Share Price

Net Dividend / Issue Price Net Dividend [Interim + Final] (sen)

*

Record dividend per share/unit

* Annualised

Dividend payout ratio consistently above 40%

* Annualised

Min 95% payout ratio from commencement of the new Stapled Structure in May 2013 and also for FY2014

*

43.87%44.02%

42.96%44.64%

40.35%

94.57%

10.50 11.00 12.00

13.33

16.50

27.42

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

22.00

24.00

26.00

28.00

30.00

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%

80.00%

90.00%

100.00%

FY08/09 FY09/10 FY10/11 FP2011

(9 months)

FY2012 FY2013 Forecasted

Dividend payout ratio

Profit After Tax & NCI (Group) - excluding FV adj Net Dividend [Interim + Final] (sen)

sen

Dividend/Income Distribution for 2013

FY2013, KLCCP Stapled Group would still commit on the 95% payout ratio, as disclosed

in the prospectus, commencing from the listing of the Stapled Securities.

Total Stapled Dividend/Income distribution per stapled security

Securities (sen)

Q1, 2013 Q2, 2013 Q3, 2013* Q4, 2013* Total

KLCCP 1,805,333,083 4.50 4.26 2.93 2.93 14.62

KLCC REIT 1,805,333,083 - 3.19 4.80 4.81 12.80

Total 4.50 7.45 7.73 7.74 27.42

Note : * Forecast Figure

THANK YOU

KLCC Property Holdings BerhadAnalyst Briefing

The Period Ended 30 June 2013 In Review