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WHA Premium Growth Real Estate Investment Trust (WHART) Q1, 2017 Quarterly Report
Sponsor REIT Manager
Q1, 2017 REIT Manager Sponsor 0 0 Disclaimers Click to edit - - PowerPoint PPT Presentation
Click to edit Master title style WHA Premium Growth Real Estate Investment Trust (WHART) Quarterly Report Q1, 2017 REIT Manager Sponsor 0 0 Disclaimers Click to edit Master title style This presentation has been prepared by WHA Real Estate
Sponsor REIT Manager
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WHART Others WHA Group (Approximately 15%)
Investment in the REIT Benefit Distribution & Redemption Trustee Fee Monitor the REIT Rents
REIT Manager Property Manager Trustee Lenders
99.99%
REIT Manager Fee Property management fee Debt repayment and interest expense THB 3,970 mm (IPO : THB 1,370 mm 1st Capital Increase : THB 1,350 mm 2nd Capital Increase : THB 1,250 mm ) Manager the REIT Manage operation of all assets Invest in freehold and leasehold assets
Bangna-Trad KM 18 Bangna-Trad KM 23 Ladkrabang Ph 1 & 2 Chonlaharnpichit KM4 Wangnoi 61 Saraburi
* As of Q1, 2017
Chonlaharnpichit KM 5 Ladkrabang
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*Information as of 31 March 2017
* 5% of total unitholders are foreign investors which are categorized in the institution and retail sector
Shareholders
Percentage
145,821,322 15.00%
131,881,380 13.57%
65,773,386 6.77%
50,036,200 5.15%
42,302,003 4.35%
40,000,000 4.11%
28,471,552 2.93%
20,730,409 2.13%
16,180,363 1.66%
Flexible Fund 14,853,350 1.53%
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WHA Distribution Center Project Ladkrabang Phase 1&2 WHA Mega Logistics Center Project (Bangna-Trad Km. 18) WHA Mega Logistics Center Project (Bangna-Trad Km.23) WHA Mega Logistics Center Chonlaharnpichit KM 4 WHA Mega Logistics Center Wangnoi KM 61 Location Ladkrabang, Bangkok Bangna-Trad Km.18 Samuitprakarn Bangna-Trad Km.23 Samuitprakarn Chonlaharnpichit Road, Samutprakarn Wangnoi, Ayudhaya Right Freehold Leasehold (ended 3 August 2041; 24 years 5 mths. Remaining*) Freehold Freehold Leasehold (ended 30 April 2042; 25 years 2 mths. Remaining*) Type Built-to-Suit Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Warehouse Leasable Area 35,093 sq.m. 72,179 sq.m. 59,835 sq.m. 80,746 sq.m. 61,182 sq.m Roof Leasable Area
50,641 sq.m. 68,384 sq.m. 26,472 sq.m. Key tenants LF Logistics, MC Group DKSH, Hitachi, Kerry, Yusen Nissan Motor, XPO Logistics, Starbucks Coffee Thai Post, Central Group, Bata ThaiBev, LF Logistic, DHL
* As of Q1, 2017
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WHA Mega Logistics Center Saraburi WHA Mega Logistics Center Ladkrabang WHA Mega Logistics Center Chonlaharnpichit KM 5 Total 8 Assets Location Hemaraj Saraburi Industrial Land, Saraburi Ladkrabang, Bangkok Chonlaharnpichit Road, Samutprakarn
Freehold Freehold Leasehold (ended 31 March 2043; 26 years 1 mths. Remaining*) Freehold:Leasehold 68:32 Type Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Built-to-Suit & General Warehouse Warehouse Leasable Area 32,986 sq.m. 95,110 sq.m. 62,105 sq.m.* 499,236 sq.m. Roof Leasable Area
50,144 sq.m. 279,603 sq.m. Key tenants Hitachi Honda, Osotspa, Neo Corporation Sino-Pacific, LF Logitics
* As of Q1, 2017
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* As of 31 March 2017
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Well-diversified nationality Well-diversified business
* Excluded Thailand and Japan
Lease Area by Type of Building
* As of Q1, 2017
43% 28% 11% 7% 11% Thailand Japan Asia* EU USA 40% 40% 20%
Third-Party Logistics Provider Fast Moving Consumer Goods Manufacturer
52% 48% Built-to-Suit Ready-Built No. Tenants Area (sqm.) (%) 1 Nissan Motor (Thailand) Company Limited 44,813.00 8.98% 2 LF Logistics (Thailand) Limited 40,009.97 8.01% 3 Sino-Pacific Trading (Thailand) Co., Ltd. 39,188.25 7.85% 4 Thai Beverage Logistics Co., Ltd. 33,450.00 6.70% 5 DKSH (Thailand) Limited 25,853.35 5.18% 6 Osotspa Co., Ltd. 21,820.00 4.37% 7 Central Department Store Limited 21,580.00 4.32% 8 XPO Logistics Worldwide (Thailand) Limited 21,537.69 4.31% 9 Yusen Logistics (Thailand) Co., Ltd. 20,821.38 4.17% 10 Neo Corporate Co., Ltd. 20,025.00 4.01% 11 Other Tenants 210,137.61 42.09%
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1 IPO: Acquired assets on 8 December 2014 2 1st capital raising: Acquired assets on 29 December 2015 3 2nd capital raising: Acquired assets on 7 December 2016 4 Excluding Net unrealized loss from investment valuation
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1 IPO: Acquired assets on 8 December 2014 2 1st capital raising: Acquired assets on 29 December 2015 3 2nd capital raising: Acquired assets on 7 December 2016
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As of 31 March 2017
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0.1812 0.0670 0.0565 0.0292 0.1733 0.1696 0.1671 0.1205 0.1860 0.1807 0.0052 0.1610 0.0217 0.0249 0.0124 0.0740
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
* Performance from July – October 2015 ** Performance from November – December 2015, in consequence of 1st capital increase with an additional amount of 350.88 million shares on 29 December 2015 (IPO: 310.79 million shares), the additional revenue included since 29 December 2015 (Transferring asset date) ***Interim dividend from 1 October – 15 November 2016, in consequence of 2nd capital increase with an additional amount of 310.472 million shares on 8 December 2016 , the additional revenue from new assets will be included from 7 December 2016 (Transferring asset date). 2nd dividend payment for Q4 2016 will be announced around late February 2017.
1/2015 29 May 2015 2/2015 25 Aug 2015 3/2015* 18 Dec 2015 4/2015** 15 Mar 2016 1/2016 27 May 2016 2/2016 25 Aug 2016 3/2016 25 Nov 2016 4/2016*** 20 Dec 2016 4/2016 22 Mar 2017 1/2017 20 May 2017
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