LIPPO-MAPLETREE - Lippo Malls Indonesia Retail Trust - Investor ...

Stable andGrowingDistributionsForecast and Projected DPU (7) (Cents)5.846.27Majority of Forecast and ProjectedGross Rent Already Committed (S$ m)84.891.62.7440.180.9% 66.8%91.3%Forecast ProjectionPeriod Year2007 (8) 2008ProjectionYear2009ForecastPeriod2007 (9)ProjectionYear2008ProjectionYear2009(7) Based on the Offering Price of S$[•] and the various assumptions set out in theProspectus under the heading “Profit Forecast and Profit Projection”.(8) Based on the number of Units that are assumed to be in issue as at the Listing Date.It is assumed that the number of Units eligible for distribution is the same throughoutForecast Period 2007.(9) Annualised Figures for Forecast Period 2007 LMIR Trust’s distribution policy is to distribute 100% of its tax-exempt incomeand capital receipts for the period from Listing Date to 31 December 2007, theyear ending 31 December 2008 (”Projection Year 2008”) and the year ending31 December 2009 (“Projection Year 2009”) and at least 90% of its tax-exemptincome thereafter. Distributions will be paid on a quarterly basis for the three-month periodsending on 31 March, 30 June, 30 September and 31 December each year.LMIR Trust’s first distribution after the Listing Date will be paid by the manageron or before 30 May 2008.Potential for growth through active asset management and tenant re-mixing The Manager intends to undertake active asset management to maximise thevalue and performance of the Properties. Three of the Retail Malls have recently completed extensive asset enhancementworks and a fourth Retail Mall, The Plaza Semanggi, is currently undergoingasset enhancement works. The completion of these asset enhancement works are expected to enhancethe positioning and branding of the Retail Malls within their respective tradeareas and increase shopper traffic.The Sponsor of LMIR Trust is PT. Lippo Karawaci Tbk, Indonesia’s largestlisted property company The Sponsor is an internationally recognised corporation and is the largestlisted property company in Indonesia (6) by market capitalisation. It has a recognised track record and dominant position within the retail andretail property industry in Indonesia, with the ability to identify and enhanceunder-valued retail properties and leverage its extensive retail network.(6) Based on its market capitalisation on the Jakarta Stock Exchange (‘‘JSX’’) of Rp. 10,609.2 billion(approximately S$1.8 billion) and a closing price of Rp. 1,790.0 on the JSX as at 18 October 2007The Manager, Lippo-Mapletree Indonesia Retail Trust Management Ltd., isjointly owned by Lippo Karawaci and the Mapletree Group The Manager is incorporated in Singapore and indirectly 60.0% owned by theSponsor and 40.0% owned by Mapletree Capital, a wholly-owned subsidiaryof Mapletree Investments Pte Ltd (“MIPL”). The Mapletree Group, which MIPL is a part of, has an asset base of approximatelyS$4.5 billion (as at 30 June 2007) comprising office, logistics, industrial,residential and retail/lifestyle properties.The interests of Lippo Strategic, an affiliate of the Sponsor, and the MapletreeGroup are substantially aligned with those of Unitholders Lippo Strategic and the Mapletree Group (through MIPL) will each own 27.1%and 12.0%, respectively, of the total issued Units of LMIR Trust as at the ListingDate, assuming that the Over-Allotment Option is not exercised.