AIM IM In Industri rial l Growth Freehold ld an and Le - - PowerPoint PPT Presentation

Opportunity Da Day FY FY20 2019

1

19 March 2020

AIM IM In Industri rial l Growth Freehold ld an and Le Leasehold ld Real al Estate In Investment Tru rust

The material contained in this presentation is for information purposes only and does not constitute an offer invitation

• r recommendation to sell or solicitation of an offer or invitation to purchase or subscribe for units in AIM Industrial

Growth Freehold and Leasehold Real Estate Investment Trust (AIMIRT) in any jurisdiction. Neither this presentation nor anything in it shall form the basis of, or be relied upon in any connection with, any contract or commitment. This presentation has been prepared by AIM REIT Management Company Limited as the REIT Manager of AIMIRT. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the REIT Manager or any of its advisers or representatives, shall have any liability for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation and any other information provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed, or made available to any other person, save in strict compliance with all applicable law.

Disclaimer

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Content

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AIMIRT Background & Milestones, Investment Highlights, Unitholders’ Structure

In Intr troduction

01

Asset Profile

Por

• rtf

tfolio Ov Overv rview

02

Occupancy Rate, Tenant Profile, Lease Expiry Profile

Op Operational l Hig Highlights

03

Financial Information, Distribution Payment

Fin Financia ial l Perf erformance

04 05

Opportunity Da Day FY FY20 2019

1

Introduction

Name of Trust (English) AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust Symbol AIMIRT Establishment 22 December 2017 Listed on SET 9 January 2018 REIT Manager AIM REIT Management Company Limited Trustee SCB Asset Management Company Limited Asset Type Warehouse Cold Storage and Chemical Tank Investment Type Freehold 45%, Leasehold 55% Land Area 158-1-74.10 rai Leasable Area 127,286 sq.m. and 85,580 kl. Occupancy Rate 100%

AIMIRT Overview

5 Note: Info as of December 2019

AIMIRT Structure

6

Trust Unitholders

Investment Distribution Appoint REIT Management Fee Property Management Fee Lease Rental and Service Fee

REIT Manager

Monitor and act on behalf of unitholders Fee

Trustee

Note: Info as of December 2019

/1 Including some of JWD cold storage customers

Property Manager Tenants

/1

JWD Project SCC Project TIP 7 Project TIP 8 Project BIP Project

AIMIRT Background & Milestone

7

REIT Manager license was granted by Securities and Exchange Commission (SEC) on 26 January 2017

Jan 2017

AIMIRT Establishment AIMIRT Listed on SET 1st Additional Investment REIT Manager License

AIMIRT was listed on SET on 9 January 2018

Jan 2018

AIMIRT has successfully invested in 1st additional assets worth Baht 4.2 billion on 9 August 2019

Aug 2019

AIMIRT was established on 22 December 2017 with initial assets investment worth Baht 2.1 billion

Dec 2017

AIMIRT Investment Highlights

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Investing in wider industry assets diversification, such as premium warehouse, cold storage and liquid chemical storage tank Premium cold storage and warehouse with high standard construction, proven track record, and excellent capability to generate long-term sustainable income Located in Thailand's major logistics hub and distribution center

100% Occupancy Reputable tenants Long-term lease on average The tenants are well-diversified

Invest in assets with 100% occupancy rate under reliable lease agreements Industry leaders with competitive advantages Majority lease agreements are at least 3 years or longer

High-quality assets Investment assets diversification High-quality assets Strategic locations

The tenants are well-diversified across business types and industries

Transparent management

Managed by independent REIT manager, approved by The Securities and Exchange Commission (SEC), Thailand

AIMIRT Unitholders

9

Ra Rank Top

• p 10 Ma

Major Uni nithol

• lders

Uni nits %

1 BANGKOK LIFE ASSURANCE PCL 34,100,000 8.00 2 KRUNGTHAI-AXA LIFE INSURANCE PCL 24,964,184 5.86 3 FWD LIFE INSURANCE PCL 18,750,000 4.40 4 JWD INFOLOGISTICS PCL 15,500,000 3.64 5 ALLIANZ AYUDHYA ASSURANCE PCL 13,860,000 3.25 6 PRINCIPAL PROPERTY INCOME FUND 13,853,562 3.25 7 MUANG THAI LIFE ASSURANCE PCL 9,772,272 2.29 8 LH PROPERTY PLUS I FUND 8,099,812 1.90 9 B SENIOR CITIZEN MIXED FUND 8,013,200 1.88 10

• MRS. PORNTIP PIBULNAKARINTR

7,100,000 1.67

Note:Info as of 31 December 2019

Unitholders’ Structure

“Well-balanced proportion of institutional and individual investors” Sponsor 12.34% Institutional & Fund 46.29% Retail Investors 41.37%

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Portfolio Overview

AIMIRT Asset Profile (1)

11 Note: Info as of December 2019

Project PCS JPAC Datasafe SCC TIP 7 TIP 8 BIP Location Samut Sakhon Chachoengsao Chachoengsao Samut Prakan Samut Prakan Samut Prakan Pathumthani Property Type Cold Storage Cold Storage Warehouse Chemical Tank & Warehouse Warehouse Warehouse Warehouse Investment Type Freehold Freehold Freehold Leasehold Freehold Freehold Leasehold

• No. of units

2 units 2 units 1 unit 61 tanks & 3 units 5 units 4 units 1 unit Leasable Area 17,562 sq.m. 12,766 sq.m. 9,288 sq.m. 85,580 kl. & 16,726 sq.m. 21,651 sq.m. 34,692 sq.m. 14,600 sq.m. Occupancy Rate 100% 100% 100% 100% 100% 100% 100%

AIMIRT Asset Profile (2)

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Prime locations of industrial properties in Samut Sakhon, Chachoengsao, Samut Prakan and Pathumthani

Note: Info as of December 2019

AIMIRT Asset Profile (3)

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Property Typ ype

/1

In Investment Typ ype

/1 Note: Info as of December 2019

/1 Percentage of total revenue of all projects

85,580 kl. 85,580 kl. 30,328 sq.m.

Cold Storage 21.54%

BIP - WH 5.36% TIP - WH 21.15%

Chemical Tank 44.16%

Warehouse 34.30% 96,958 sq.m.

85,580 kl. 30,328 sq.m.

Freehold 45.06% Leasehold 54.94%

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Operational Highlights

Diversified Portfolio with 100% Occupancy Rate

15 Note: Info as of December 2019

/1 Percentage of total revenue from all projects /2 Including some of JWD cold storage customers

Well ll-Recognized Tenants

/1

Le Leasable Area & Occupancy Ra Rate

Cold Storage /2 21.54% Warehouse 34.30% Chemical Tank 44.16%

96,958 sq.m. 30,328 sq.m. 85,580 kl.

61,267 sq.m. 61,267 sq.m. 85,580 kl. 127,286 sq.m. 85,580 kl. 127,286 sq.m.

100% 100% 100% 100% 100% 100%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

• 20,000

40,000 60,000 80,000 100,000 120,000 140,000

Q1/2019 Q2/2019

Occupancy Rate (%) Leasable Area (sq.m.)

Leasable Area Occupancy Rate

Q3/2019 Q4/2019

Well-Diversified Tenants

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Tenants’ Nationality

/1

Tenants’ Industry

/1 Note: Info as of December 2019

/1 Percentage of total revenue from all projects

7.55% 6.49% 6.19% 4.55% 75.22% Thai Japanese USA Dutch Australian German 3.28% Chinese 3.05% Malaysian 2.43% Singaporean 0.72% 59.42%

Cold Storage & Logistics Service Provider Manufacturer of Refined Petroleum Products Manufacturer of Other Petroleum Products Trader of Refined Petroleum Products Logistics Industrial & Household Electronics Packaging Office Equipments 2.06% Aviation Parts 1.97% Air Conditioning System 1.45%

23.91% 17.84% 12.39% 10.62%

3.61%

6.87% 10.00% 23.91% 14.54% 17.20% 5.36%

3.28%

Lease Structure

17 Note: Info as of December 2019

/1 Percentage of total revenue from all projects

All contracts expiring in Y2019 have been renewed

Le Lease Expiry ry

/1

Lea Lease Ter erm

/1

< 3 years 29.65% 3 - 5 years 30.16% 5 - 9 years 8.80% >=9 years 31.39%

All contracts expiring in Y2020 will be expired in Q4, of which more than 80% are tenants that have been leasing assets for more than 15 years

5.36% 27.45% 32.08% 3.71% 0.00% 2.07% 0.00% 29.33% Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 After Y2025

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Financial Performance

Tot

• tal Inc

ncome

2.9 175.8 338.0 2017 2018 2019

Substantial Growth with Strong Outlook

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• Substantial growth in FY2019 was mainly contributable

from new assets investment, strengthening diversified portfolio and revenue stability

• Quality income-producing assets resulted in a strong

growth of two times in revenue and three times in assets size

• Strong outlook with target full occupancy rate supported

by long-term lease and revenue support scheme, providing assurance on revenue streams and earnings for investors during market volatility

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Unit: Million Baht

92.3% YoY

Ne Net Investment Income

Unit: Million Baht

Tot

• tal As

Assets

Unit: Million Baht

80.8% YoY 174.8% YoY

2,293.6 2,517.1 6,917.3 2017 2018 2019 1.3 125.5 226.8 2017 2018 2019 2020F 2020 Target

Solid Distribution Payment

Dis Distrib ibution Per er Unit it (DP (DPU)

Note: /1 Total distribution of Baht 0.1926 per unit are from operating result of Q1/2018 (from 1 Jan 2018 to 31 Mar 2018) at the rate of Baht 0.1852 per unit and from operating result from 22 Dec 2017 (date of incorporation) to 31 Dec 2017 at the rate of Baht 0.0074 per unit.

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Unit: Baht/Unit

0.1926 0.1861 0.1902 0.1985 0.1822 0.2430 0.1365

Q2/2018 Q3/2018 Q4/2018 Q1/2018 /1 Q1/2019 Q2 & Jul 2019 (4 months) Aug & Sep 2019 (2 months)

0.2047

Q4/2019

Highest

quarterly dividend payments since the establishment

Interim dividend of 4 months

from operating period of 1 Apr to 31 Jul 2019 paid to existing unitholders before the additional investment

Distribution of 2 months

from operating period of 1 Aug to 30 Sep 2019

0.8188

p.a.

~

REIT Manager

AIM REIT Management Company Limited 62 The Millennia Tower Unit 1601, 16th Floor Soi Langsuan, Lumpini, Pathumwan, Bangkok +66 2254 0441-2 www.aimirt.com

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ir@aimreit.com SCB Asset Management Company Limited 7-8th Floor. SCB Park Plaza1 18 Ratchadapisek Road, Chatuchak, Bangkok +66 2949 1500 www.scbam.com

Trustee