3rd QUARTER 2010 FINANCIAL RESULTScct.listedcompany.com/newsroom/20101019_175906_C61...Oct 19, 2010 · • Portfolio Update 2 Quill Capita Trust Presentation October 2010 Important

3rd QUARTER 2010 FINANCIAL RESULTS

19 October 2010

Contents

• Financial Results

• Portfolio Update

2 Quill Capita Trust Presentation *October 2010*

Important Notice

This presentation is for information only and does not constitute an invitation or offer to acquire,purchase or subscribe for units in QCT. The past performance of QCT is not necessarily indicative ofthe future performance of QCT.

This presentation may contain forward-looking statements that involve risks and uncertainties. Actualfuture performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representativeexamples of these factors include (without limitations) general industry and economic conditions,interest rate trends, cost of capital and capital availability, competition from similar developments,shifts in expected levels of property rental income and occupancy, changes in operating expensesincluding employee wages, benefits and training, property expenses and governmental and publicpolicy changes. You are cautioned not to place undue reliance on these forward-looking statementswhich are based on the manager’s current view of future events.

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which are based on the manager’s current view of future events.

The value of units in QCT (Units”) and the income derived from them may fall as well as rise. Unitsare not obligations of, deposits in, or guaranteed by, the manager or any of its affiliates. An investmentin Units is subject to investment risks, including the possible loss of the principal amount invested.Investors have no right to request the manager to redeem their Units while the Units are listed. It isintended that unitholders may only deal in their Units through trading on the Main Board of BursaMalaysia Securities Berhad. Listing of the Units on the Bursa Securities does not guarantee a liquidmarket for the Units.

The information in this Announcement must not be published outside Malaysia.

Quill Capita Trust Presentation *October 2010*

FINANCIAL RESULTS


(RM’000)(Unaudited)

3Q 2010

Total Gross Revenue 17,389

Total Operating Expenses (4,011)

Net Property Income 13,378

Interest Income 141

Loss from re-measurement of derivatives (91)

Summary of Profit & Loss

Loss from re-measurement of derivatives (91)

Net Investment Income 13,428

Interest and Other Expenses (4,842)

Income Before Taxation 8,586

Taxation (0)

Income After Taxation 8,586


3Q 2010 EPU Outperformed 3Q 2009 by 7.2%

(RM’000) Variance

+3.5%

+4.0%

+7.2%

+7.2%

(Unaudited)

3Q 2009

16,807

12,862

8,091

2.07 sen

(Unaudited)

3Q 2010

17,389

13,378

8,677Total Income After

Taxation²

EPU³

NPI¹

Gross Revenue

2.22 sen

6

+7.2%2.07 sen EPU³

1 NPI refers to Net Property Income

2 Total Income After Taxation (excluding unrealised income)

3 EPU refers to Realised Earnings Per Unit

2.22 sen

4


YTD 30 September 2010 - EPU Up By 4.0%

(RM’000) Change

+3.0%

+2.3 %

+4.0 %

YTD

30 Sep 2009

50,394

38,778

23,531

YTD

30 Sep 2010

51,927

39,679

24,452Total Income After

NPI¹

Gross Revenue

7

+4.0 %

+4.0 %

23,531

6.03 sen

24,452

6.27 sen

Total Income After

Taxation²

EPU³

1 NPI refers to Net Property Income

2 Total Income After Taxation (excluding unrealised income)

3 EPU refers to Realised Earnings Per Unit


(Audited) (Unaudited) (Unaudited) (Unaudited)

as at as at as at as at

31 Dec 09

(RM’000)

31 Mar 10

(RM’000)

30 Jun 10

(RM’000)

30 Sep 10

(RM’000)

Non Current Assets 788,405 788,394 788,689 788,597

Current Assets 29,760 22,670 29,507 23,921

Total Assets – RM812.52 million

NAV per unit – RM1.2202

Total Assets 818,165 811,064 818,196 812,518

Current Liabilities 140,452 133,104 148,500 143,191

Non Current Liabilities 202,724 206,652 193,658 193,289

Net Assets 474,989 471,308 476,038 476,038

No of Units 390,131 390,131 390,131 390,131

NAV per Unit (RM) 1.2175 1.2081 1.2202 1.2202


(Audited) (Unaudited) (Unaudited) (Unaudited)

as at as at as at as at

31 Dec 09(RM’000)

31 Mar 10(RM’000)

30 Jun 10(RM’000)

30 Sep 10(RM’000)

Total Debts 304,647 305,449 303,958 304,987

Gearing Ratio (x)¹ 0.37x 0.38x 0.37x 0.38x

Net Debt as % of EBITDA (x)² 6.22x 6.68x 6.37x 6.21x

Interest Coverage (x) ³

Prudent Financial Indicators

Interest Coverage (x) ³ 3.53x 3.28x 3.39x 3.46x

Average Term to Maturity 3.29 3.14 2.98 2.82

Average Cost of Debt (p.a) 4.42% 4.45% 4.45% 4.45%

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Notes:

1. Gearing ratio refers to Gross Debt over Total Assets.2. Net Debt as % of Earnings before Interest Taxation Depreciation and Amortization (EBITDA) 3. Interest coverage refers to year to date (YTD) EBITDA / YTD Interest Expense4. Average Term to Maturity means weighted average time lapse to maturity5. Average Cost of Debt is calculated based on YTD Interest Expense / Average Weighted Borrowings


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Obtained Early Commitment To Refinance MTN of

RM8 million

38%

% of Debt

35%

CPs

MTN-RM8m

New MTN of

RM8 million will

be issued in Dec

2010

10

2010 2011 2012 2013 2014

24%

0%

As at 30 September 2010, total debt of RM307.2 million (principal) comprises of RM118 million Commercial Paper

(CPs), RM117 million of Medium Term Notes (MTNs) and RM72.2 million term loan (TL).

MTN-RM8m

TL / MTN RM72.2m

CPs RM118m MTN

RM109m

MTN-RM8m3%TL

RM72.2m


Low Interest Rate Risk

- 96% of the borrowings are on fixed rate

²

Floating Rate Loans

4%

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²

Fixed Rate Loans96%


Portfolio Update


Portfolio of Quality Assets

Quill Building 1 - DHL 1 Quill Building 4 - DHL 2 Quill Building 2 - HSBC Quill Building 3 - BMW Quill Building 5 - IBM

Wisma TechnipPart of Plaza Mon’t Kiara Quill Building 10-HSBC (S13) Quill Building 8-DHL (XPJ) TESCO Building Penang

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Note: The current market value of the respective buildings were valued by CH Williams Talhar & Wong Sdn Bhd on 31 December 2009.

10 Properties worth RM788.4 million with

NLA of 1,288,149 sq ft*Excluding car park area


Geographical DiversificationBy Valuation

¹

10 properties well spread over Cyberjaya, Kuala Lumpur, Selangor and Penang.

Mont' Kiara13%

Other Klang Valley Area 7%

Penang 17%

Klang Valley 39%

Cyberjaya 44%

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Notes:

(1) Other Klang Valley Area refers to Klang Valley generally excluding KL city centre and Mont’ Kiara

(2) As at 31 December 2009, the real estate portfolio comprises 10 properties . The current market value of all 10 properties were

valued by C H Williams Talhar & Wong Sdn Bhd on 31 December 2009

Cyberjaya, Selangor44%

Kuala Lumpur city centre19%

Penang17%


Diversified Segmental ContributionsBy Valuation

Office 66%

Other Commercial

Building4%

Car Park6%

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Notes:

(1) Office comprises Quill Buildings (excluding Quill Building 8-DHL (XPJ) at Glenmarie, Shah Alam) and Wisma Technip

(2) Retail Assets refers to retail portion of Plaza Mont’ Kiara & TESCO Building Penang

(3) Car Park refers to car parking bays in Plaza Mont’ Kiara

(4) Other commercial building refers to Quill- Building 8- DHL (XPJ) at Glenmarie, Shah Alam

(5) Based on valuation dated 31 Dec ember 2009

Retail Assets24%


Good Spread of International and Local Tenants

By NLA

MNC / Foreign

Local Companies,

7.6%


Note : The above tenancy mix is calculated based on NLA

MNC / Foreign Related

Companies, 92.4%

Well Balanced Tenancy Mix

GovernmentLinked Office

0.4%Automotive

4.8%

Property / Construction7.2%

IT/Electronics8%

Retail 21.4%

By NLA


Oil & Gas 19.1%

Logistic19.5%

Banking19.6%

Note : The above tenancy mix is calculated based on NLA

Well spread portfolio lease expiry profile- no tenancy due for renewal until 4Q 2010

27%

39%

27%

Lease Up for Renewal by NLA as at 30 September 2010


1%

6%

2010 2011 2012 2013 2014 & Beyond

In Summary

3Q 2010: Stable Quarter

� 3Q 2010 EPU Outperformed 3Q 2009 by 7.2%

� Obtained commitment in advance from an investor for the subscription of new

MTN to be issued in December 2010 to redeem the existing MTN of RM8 million.

Year 2010 Prospects - Moving Forward

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� Continue to be driven by stable income contribution from existing tenants

� Prudent capital management and active asset management strategies

� Focus on continuous improvement on buildings and tenant relations

� Continue to explore yield accretive acquisition opportunities


For enquires, please contact:

Ms Corinne Tan

Ms Yong Su-Lin

Thank You

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Ms Yong Su-Lin Ms Celine Lau

(General Line: 603-2380 6288)

(Fax : 603-2380 6289)


Documents

3rd QUARTER 2010 FINANCIAL RESULTScct.listedcompany.com/newsroom/20101019_175906_C61...Oct 19, 2010 · • Portfolio Update 2 Quill Capita Trust Presentation *October 2010* Important

3rd QUARTER 2010 FINANCIAL RESULTScct.listedcompany.com/newsroom/20101019_175906_C61...Oct 19, 2010 · • Portfolio Update 2 Quill Capita Trust Presentation October 2010 Important