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
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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
In Investor Presentation Q1/ 1/2018
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The material contained in this presentation is for information purposes only and does not constitute an offer invitation
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.
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AIMIRT background & milestone, investment highlights, unitholders structure
In Intr troduction
AIMIRT structure, asset information
Por
iew
Financial information, distribution payment
Q1/2 /2018 Fin inancia ial Hig Highlig ights ts
Occupancy rate, tenant profile, lease expiry
Oper erati tional Hig Highlig ights
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%
5 Note: Info as of March 2018
/1 For initial asset investment
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
SET Lis Listed
Jan Jan 2017 2017
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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
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Thailand’s first REIT investing in cold storage High High-quali lity as assets Str Strategi gic loc
ions Fr Freehol
Oc Occupancy rate 100% Wel ell-establish lished tenants Long Long-term leas ease agr agreement on
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
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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
3,100,000 2.00 9
3,030,000 1.95 10
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
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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
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Proj
Paci acific Col Cold St Storage Proj
JW JWD Paci acific Proj
Da Datasa safe Proj
TIP IP 7 7 Proj
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%
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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
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/1 Note: Info as of March 2018
/1 Percentage of total leasable area of all projects
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
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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
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Tenants’ Nationality
/1
/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%
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
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/1 Percentage of total revenue from all projects’ lease contract
“More than
will be expired in year 2024 onwards”
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
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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