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

aim im in industri rial l growth freehold ld and
SMART_READER_LITE
LIVE PREVIEW

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

AIM IM In Industri rial l Growth Freehold ld and Leasehold ld Real l Estate In Investment Tru rust In Investor Presentation Q1/ 1/2018 1 Disclaimer The material contained in this presentation is for information purposes only and does


slide-1
SLIDE 1

In Investor Presentation Q1/ 1/2018

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

1

slide-2
SLIDE 2

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

2

slide-3
SLIDE 3

Content

3

AIMIRT background & milestone, investment highlights, unitholders structure

In Intr troduction

01

AIMIRT structure, asset information

Por

  • rtfolio Overvie

iew

02

Financial information, distribution payment

Q1/2 /2018 Fin inancia ial Hig Highlig ights ts

03

Occupancy rate, tenant profile, lease expiry

Oper erati tional Hig Highlig ights

04

slide-4
SLIDE 4

1

Introduction

slide-5
SLIDE 5

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 Investment/1 Land, cold storage buildings, immovable assets related to cold storage, and warehouses Investment Type/1 Freehold (ownership) 100% Investments in Properties Value THB 2,140,000,000 Land Area (rai-ngan-sq.w.) 85-2-30 Leasable Area 58,559 sq.m. Occupancy Rate 100%

AIMIRT Overview

5 Note: Info as of March 2018

/1 For initial asset investment

slide-6
SLIDE 6

AIMIRT Background & Milestone

REIT Manager license was granted by Securities and Exchange Commission (SEC) on 26 January 2017. AIM REIT Management Co., Ltd. became Thailand’s first independent REIT manager

REIT IT Manager Lice License

AIMIRT was listed on the Stock Exchange

  • f Thailand (SET) on 9 January 2018

SET Lis Listed

Jan Jan 2017 2017

6

Jan Jan 2018 2018

AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust (“AIMIRT”) was established on 22 December 2017

Establis ishment

Dec Dec 2017 2017

slide-7
SLIDE 7

AIMIRT Investment Highlights

7

Thailand’s first REIT investing in cold storage High High-quali lity as assets Str Strategi gic loc

  • catio

ions Fr Freehol

  • ld 100%

Oc Occupancy rate 100% Wel ell-establish lished tenants Long Long-term leas ease agr agreement on

  • n average

Tran ansparent & & unb unbia iased ma management

International-standard cold storage with innovative technology installed to increase efficiency and profitability Premium cold storage and warehouse with high standard construction, excellent capability to generate long-term sustainable income Located in Thailand's major logistics hub and distribution center Invest in freehold right of assets for initial asset investment Invest in assets with 100% occupancy rate under reliable lease agreements Industry leaders with competitive advantages More than 90% of lease agreements are at least 3 years or longer Managed by independent REIT manager, approved by The Securities and Exchange Commission (SEC), Thailand

Note: Info as of March 2018

slide-8
SLIDE 8

AIMIRT Unitholders

8

Unith itholders Stru tructure

Ra Rank Top 10 10 Majo ajor Un Unit itholders Un Unit its %

1 JWD INFOLOGISTICS PLC 15,500,000 10.00 2 BANGKOK LIFE ASSURANCE PLC 11,000,000 7.10 3 FWD LIFE INSURANCE PLC 10,000,000 6.45 4 THAI LIFE INSURANCE PLC 10,000,000 6.45 5 B SENIOR CITIZEN MIXED FUND 8,000,000 5.16 6 CIMB-PRINCIPAL PROPERTY INCOME FUND 6,597,100 4.26 7 BUALUANG INCOME FUND 4,100,000 2.65 8

  • MRS. PORNTIP PIBULNAKARINTR

3,100,000 2.00 9

  • MRS. SOMSRI KRAISAKDAWAT

3,030,000 1.95 10

  • MR. PORNSIN KRAISAKDAWAT

2,800,000 1.81 Re Retail il Inv nvestors 45.05% JW JWD & & TIP TIP Ho Holdi ding 17.25% Insti nstitutio ion & & Fun Funds 37.70%

Note: Info as of March 2018

slide-9
SLIDE 9

2

Portfolio Overview

slide-10
SLIDE 10

Trust Structure

10

Trust Unitholders

Investment Distribution Appoint Property Management Fee REIT Management Fee Freehold : JWD Project Freehold : TIP 7 Project

Ngan Somboon Company Limited

Monitor and act on behalf of unitholders Fee Lease Rental and Service Fee

Property Manager (for TIP Project) REIT Manager Leaseback Tenants JWD Project Multi-Tenants TIP 7 Project

Lease Rental and Service Fee

Pacific Cold Storage Project JWD Pacific Project Datasafe Project

Trustee

slide-11
SLIDE 11

Strategic Locations

11

slide-12
SLIDE 12

Proj

  • ject

Paci acific Col Cold St Storage Proj

  • ject

JW JWD Paci acific Proj

  • ject

Da Datasa safe Proj

  • ject

TIP IP 7 7 Proj

  • ject

Location Samut Sakhon Chachoengsao Chachoengsao Samut Prakan Property Type Cold Storage Cold Storage Warehouse Warehouse Investment Type Freehold Freehold Freehold Freehold Number of units 2 units 1 unit 1 unit 5 units Leasable Area 17,562 sq.m. 10,058 sq.m. 9,288 sq.m. 21,651 sq.m. Lease Arrangement Leaseback to JWD Group Leaseback to JWD Group Leaseback to JWD Group Multi-Tenants Occupancy Rate 100% 100% 100% 100%

Summary of Asset Information

12 Note: Info as of March 2018

slide-13
SLIDE 13

Diversified Property Type

13

Freehold 100%

Cold Storage JWD Project 47.17% Warehouse JWD Project 15.86% Warehouse TIP 7 Project 36.97%

Warehouse 52.83%

JWD Project 63.03% TIP 7 Project 36.97% 21,651 sq.m. 36,908 sq.m.

Property Typ ype

/1

In Investment Typ ype

/1 Note: Info as of March 2018

/1 Percentage of total leasable area of all projects

slide-14
SLIDE 14

3

Q1/2018 Financial Highlights

slide-15
SLIDE 15

Financial Highlights

Key Fin inancial Hig Highligh ghts Q1/2 /2018

Total Revenue THB 43.6

million

Net Investment Income THB 31.9

million

Total Assets THB 2,247.3

million

Net Assets THB 1,583.2

million

NAV THB 10.2142

per unit

Number of Trust Units 155,000,000

units

Dis Distrib ibution Payment

Operation Period Q1/2018 & 22 Dec 2017 (date of incorporation) to 31 Dec 2017 Dividend Type Cash Dividend Distribution Per Unit THB 0.1926 XD 28 May 2018 Record Date 30 May 2018 Payment Date 12 June 2018

15

slide-16
SLIDE 16

4

Operational Highlights

slide-17
SLIDE 17

Occupancy Rate 100%

17

Leaseback to JWD Group/2 73.48% Multi-Tenants Lease 26.52%

/1 Percentage of total revenue from all projects’ lease contract /2 Leaseback to JWD Group to operate cold storage and logistics businesses for 10 years, in which AIMIRT

will have an option to renew lease contract of PCS Project and JPAC Project for 2 times of 10 years each Note: Info as of March 2018

58,559 sq.m. 58,559 sq.m.

100% 100%

Q4/2017 Q1/2018 Area Occupancy

Rental Str Structure

/1

Le Leasable Area & Occupancy Ra Rate

slide-18
SLIDE 18

Well-Established Tenants

18

Tenants’ Nationality

/1

Tenants’ Industry

/1 Note: Info as of March 2018

/1 Percentage of total revenue from all projects’ lease contract

Thai (Leaseback Tenants) 73.48% Thai (Multi-Tenants) 9.78% Japanese (Multi-Tenants) 16.74% Cold Storage & Logistics Providers (Leaseback Tenants) Logistics Office Equipment Aviation Parts Air Conditioning System 73.48% 7.99% 6.23% 7.48% 4.82%

slide-19
SLIDE 19

0.00% 15.47% 4.82% 0.00% 0.00% 0.00% 6.23% 73.48%

Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 After Y2024

Lease Expiry

/1

19 Note: Info as of March 2018

/1 Percentage of total revenue from all projects’ lease contract

  • f all lease contracts

“More than

79%

will be expired in year 2024 onwards”

slide-20
SLIDE 20

REI 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

20

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