CapitaLand Investment Limited - Annual Report 2021

FY 2021 Performance Review 2021 Performance Review BUSINESS PERFORMANCE BUSINESS PERFORMANCE KEY CLI-OWNED INVESTMENT PROPERTIES Singapore 1 ION Orchard 2 79 Robinson Road 1 3 ICON@IBP 4 Pratt & Whitney Singapore Component Repair China 1 Shanghai Zhuanqiao Data Centre 2 CapitaMall Daxing (f.k.a. CapitaMall Tiangongyuan) 3 CapitaMall Westgate 4 Dalian Ascendas IT Park 5 Tianjin International Trade Centre 6 Ascendas iHub Suzhou 7 Somerset Riverview Chengdu 8 Ascendas i-Link India 1 International Tech Park Chennai, Radial Road 2 International Tech Park Gurgaon (SEZ 2) 3 International Tech Park Pune, Hinjawadi 4 Citadines OMR Gateway Chennai 5 Somerset Greenways Chennai Other International Markets 1 Arlington Business Park, United Kingdom 2 Kokugikan Front, Japan 3 Ascott Sathorn Bangkok, Thailand 4 La Clef Tour Eiffel Paris, France 5 The Cavendish London, United Kingdom 6 A portfolio of 16 operating Multifamily properties in the USA DISCIPLINED CAPITAL RECYCLING CLI targets to recycle at least S$3 billion of assets across the Group annually. This financial discipline keeps us focused on unlocking value from our investments and reinvesting proceeds for sustainable growth. In FY 2021, CLI and our fund entities executed over 40 transactions totalling more than S$20 billion in gross value. This translates to approximately S$7.6 billion of transacted value based on CLI’s effective stakes in them. EFFECTIVE DIVESTMENT VALUE S$5.3 billion Divested to Funds 77% Portfolio reconstitution by REITs/Funds 14% Opportunistic divestment 4% Divested to REITs 5% TOTAL DIVESTMENT VALUE S$13.6 billion TOTAL INVESTMENT VALUE S$6.8 billion EFFECTIVE INVESTMENT VALUE S$2.3 billion REIB 14% REITs 68% Funds 18% In addition to generating healthy portfolio gains averaging 13.1% above carrying values in FY 2021, 82% of divestment value was converted into or retained as FUM, demonstrating our commitment to support the growth of our fund vehicles. Approximately 86% of our investments were made via our fund vehicles and will contribute to CLI’s FUM and FRE growth. As at 31 December 2021, CLI had close to S$10 billion of assets on balance sheet that will serve as potential pipeline assets for our fund vehicles. FY 2021 Performance Review ION Orchard International Tech Park Chennai, Radial Road CapitaMall Westgate Arlington Business Park, UK 1 CLI announced divestment of 79 Robinson Road to CICT and COREF on 25 March 2022. Annual Report 2021 47 CapitaLand Investment Limited 46