Frasers Property Thailand Industrial Freehold & Leasehold REIT Opportunity Day 13 December 2019 Laemchabang 2, Chonburi, Thailand (FPIT’s properties) FPIT Bangplee 1, Samutprakarn
Important notice This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscription of securities, including units in Frasers Property Thailand Industrial Freehold & Leasehold REIT (“ FTREIT ”, and the units in FTREIT, the “ Units ”) or any other securities of FTREIT. No part of it nor the fact of its presentation shall form the basis of or be relied upon connection with any investment decision, contract or commitment whatsoever. The past performance of FTREIT and Frasers Property Industrial REIT Management (Thailand) Company Limited, as the REIT manger of FTREIT (the “ Manager ”), is not necessarily indicative of the future performance of FTREIT and the Manager. This presentation may contains “forward -looking statements”, including forward-looking financial information, that involve assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance, outcomes or achievements of FTREIT or the Manger, or industry results, to be materially different from those expressed in such forward-looking statements and financial information. Such forward-looking statements and financial information are based on certain assumptions and expectations of future events regarding FTREIT’s present and future business strategies and the environment in which FTREIT will operate. The Manager does not guarantee that these assumptions and expectations are accurate or will be realized. The Manager does not assume any responsibilities to amend, modify or revise any forward-looking statement, on the basis of any subsequent developments, information or events, or otherwise, subject to compliance with all applicable laws and regulations and/or the rules of the Securities and Exchange Commission, Thailand (“ SEC ”) and the Stock Exchange of Thailand (“ SET ”) and/or any other regulatory or supervisory body or agency The information and opinions in this presentation are subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning FTREIT. None of FPT, FTREIT, the Manager, or any of their respective holding companies, subsidiaries, affiliates, associated undertaking or controlling persons, or any of their respective directors, officers, partners, employees, agents, representatives, advisers or legal advisers makes any representation or warranty, express or implied, as to the accuracy, completeness or correctness of the information contained in this presentation or otherwise made available or as to the reasonableness of any assumption contained herein or therein, and any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation is expressly disclaimed. Further, nothing in this presentation should be construed as constitution legal, business, tax or financial advice. The value of Units and the income derived from them, if any, may fall or rise. Unit are not obligations of deposits of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they have no right to request the Manager to redeem their Units are listed. It is intended that holders of Units may only deal in their Units through trading on SET. Listing of the Units on the SET does not guarantee a liquid market for the Units. Please study relevant information carefully before making any investment decision. Investors are encouraged to make an investment only when such decision correspond with their own objective and only after they have acknowledged all risks and have been informed that the returns may be more or less than initial sum. 2
Content ▪ FTREIT Overview ▪ Financial Review ▪ Investment in FY2019 ▪ Portfolio Overview 3
FTREIT Overview
FTREIT Key Milestone FTREIT is the largest industrial and logistics REIT in Thailand Listing of PFPOs - TFUND, TLOGIS and TGROWTH on Rebranding “ TREIT ” to Frasers Property the Stock Exchange of Frasers Property become Thailand Industrial Freehold & Leasehold Listing of Thailand (SET) in 2005, TICON’s major shareholders REIT (“ FTREIT ”) 2009 and 2013 respectively. TREIT in 2015 Industrial&Logistics Industrial&Logistics Industrial PF Logistics PF PF(LH) REIT 2019 2017 2015 1990 2005 2009 2013 TICON was established in 1990 and was listed on the SET in 2002 Conversion PFPO into TREIT which made TREIT become the largest Industrial REIT in Thailand” 5
FTREIT Structure FTREIT is managed and set direction by “FIRM”, Property manger are “FPT” and “FPIT” REIT Manager Trustee Unitholders Lender/ (2,602 Million Bondholders Units) Frasers Property Industrial REIT Management (Thailand) Co.,Ltd BBL Asset Management (“FIRM”) (“BBLAM”) Set strategies REIT Manager fee Act on behalf Invest DPU Trustee fee Interest and Manage Lend Property Manager Fee of Unitholders REIT Invest Sponsor Frasers Property Thailand Industrial Freehold & Leasehold REIT (“FTREIT”) Freehold right/ Third Party Owner of Leasehold Right of Properties industrial properties Rental Fee Property Manager Properties = 554 Manage W F + Properties Property Manager Fee Units Frasers Property (Thailand) PCL Factory Warehouses Tenants Rent Property + FTREIT have industrial Frasers Property Industrial properties has located in prime (Thailand) Co.,Ltd industrial and logistics locations 6
Unitholders of FTREIT Breakdown By type of Investors Units Units Name No % % Units % 30 Sep 2019 30 Jun 2019 Retail 601 ,693,700 1 Frasers Property (Thailand) Group /1 23.1 601,693,700 23.1 - - Sponsors Investors 20.8% 23.1% 2 Social Security Office 388,875,662 14.9 432,094,662 16.6 - 43,219,000 - 1.7 3 Bangkok Life Assurance Plc. 160,299,453 6.2 160,299,453 6.2 - - 4 Bangkok Bank Plc. 104,947,981 4.0 104,947,981 4.0 - - 56.1% 5 Muang Thai Life Assurance Plc. 45,408,242 1.7 48,362,942 1.9 - 2,954,700 - 0.2 Institutions & Funds 6 Bangkok Insurance Plc. 37,359,673 1.4 37,359,673 1.4 - - Foreign/Domestic Investors 7 Mitsui & Co. (Asia Pacific) Pte. Ltd. 35,000,000 1.3 35,000,000 1.3 - - 8 SCB Income Plus Fund 33,733,933 1.3 29,917,333 1.2 + 3,816,600 + 0.1 9 MFC Property Dividend Fund 30,991,000 1.2 28,377,500 1.1 + 2,613,500 + 0.1 Domestic Foreign 96.0% 4.0 % Investors Investors 10 K Property Sector Fund (K-Prop) 30,161,500 1.2 21,971,500 0.8 + 8,190,000 + 0.4 11 Others 1,133,915,904 43.6 1,102,362,304 42.4 + 31,553,600 + 1.2 Total 2,602,387,048 100.0 2,602,387,048 100.0 - - Note: Reference from closing book information from SET 1. FPT Group = Frasers Property Thailand (International) PTE. LTD. and Frasers Property (Thailand) PCL. 7
Our Property Quality 8
Property Locations Our assets are located in prime industrial and logistics area in Thailand Northern Bangkok area (Ayutthaya and Pathumthani Province) ▪ Bangpa-In Industrial Estate [BPI] ▪ Hi-Tech Industrial Estate [HITECH] ▪ Rojana Industrial Park [RJN] ▪ Rojana Ayutthaya [RJN] ▪ Navanakorn Industrial Promotion Zone [NVA] ▪ Wangnoi 1 & 2 [WN1&2] ▪ Wangnoi Cold Storage + CTD Eastern Bangkok area (Samutprakarn and Prachinburi Province) ▪ Bangpoo Industrial Estate [Bangpoo] ▪ Bangplee 1 ▪ Bangplee 3 ▪ Rojana Prachinburi [RJP] EEC area (Chonburi, Chachoengsao and Rayong Province) ▪ Amata City Chonburi [AMC] ▪ Amata City Rayong Industrial Estate [AMR] ▪ Hemaraj Chonburi Industrial Estate [BOWIN] ▪ Bowin warehouse ▪ Pinthong Industrial Estate project 1 – 3 [PT 1- 3] ▪ Eastern Seaboard 1(A) – 1(B) [ES1(A) – ES1(B)] ▪ Eastern Seaboard 2(A) [ES2(A)] ▪ Laemchabang 1 / Laemchabang 2 ▪ Sriracha [SRI] ▪ Phan thong 1[PHAN] ▪ Bangna 1. Northern Bangkok area = Ayutthaya and Pathumthani, Eastern Bangkok = Samutprakarn and Prachinburi, EEC area = Chonburi, Rayong and Chachoengsao 9 2. Including 2 unit of cold storage
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