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 not constitute an offer invitation or 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. 2
Content In Intr troduction 01 AIMIRT background & milestone, investment highlights, unitholders structure Por ortfolio Overvie iew 02 AIMIRT structure, asset information Q1/2 /2018 Fin inancia ial Hig Highlig ights ts 03 Financial information, distribution payment Oper erati tional Hig Highlig ights 04 Occupancy rate, tenant profile, lease expiry 3
1 Introduction
AIMIRT Overview 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% Note: Info as of March 2018 / 1 For initial asset investment 5
AIMIRT Background & Milestone Jan Jan REIT IT Manager Lice License 2017 2017 REIT Manager license was granted by Securities and Exchange Commission (SEC) on 26 January 2017. AIM REIT Dec Dec Establis ishment Management Co., Ltd. became Thailand’s 2017 2017 first independent REIT manager AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust (“AIMIRT”) was established on Jan Jan SET Lis Listed 22 December 2017 2018 2018 AIMIRT was listed on the Stock Exchange of Thailand (SET) on 9 January 2018 6
AIMIRT Investment Highlights Thailand’s first REIT investing in cold storage High High-quali lity as assets Premium cold storage and warehouse with high International-standard cold storage with innovative standard construction, excellent capability to technology installed to increase efficiency and generate long-term sustainable income profitability Long Long-term leas ease agr agreement on on average Fr Freehol old 100% Invest in freehold right of assets for More than 90% of lease agreements are initial asset investment at least 3 years or longer Strategi Str gic loc ocatio ions Tran ansparent & & unb unbia iased ma management Located in Thailand's major logistics Managed by independent REIT manager, hub and distribution center approved by The Securities and Exchange Commission (SEC), Thailand Occupancy rate 100% Oc Wel ell-establish lished tenants Invest in assets with 100% occupancy rate Industry leaders with under reliable lease agreements competitive advantages Note: Info as of March 2018 7
AIMIRT Unitholders Ra Rank Top 10 10 Majo ajor Un Unit itholders Un Unit its % Unith itholders Stru tructure 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 JWD & JW & TIP TIP Ho Holdi ding 17.25% 4 THAI LIFE INSURANCE PLC 10,000,000 6.45 5 B SENIOR CITIZEN MIXED FUND 8,000,000 5.16 Re Retail il Inv nvestors 45.05% 6 CIMB-PRINCIPAL PROPERTY INCOME FUND 6,597,100 4.26 7 BUALUANG INCOME FUND 4,100,000 2.65 Insti nstitutio ion & & Fun Funds 37.70% 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 Note: Info as of March 2018 8
2 Portfolio Overview
Trust Structure Trust Unitholders Distribution Investment REIT Manager REIT Leaseback Tenants Management Lease Freehold : JWD Project JWD Project Datasafe Project JWD Pacific Project Pacific Cold Storage Project Fee Rental and Service Fee Appoint Multi-Tenants TIP 7 Project Property Freehold : TIP 7 Project Property Manager Lease Management (for TIP Project) Ngan Somboon Rental and Fee Company Limited Service Fee Monitor and act on Fee behalf of unitholders Trustee 10
Strategic Locations 11
Summary of Asset Information Proj oject Paci acific Col Cold St Storage JW JWD Paci acific Da Datasa safe TIP IP 7 7 Proj oject Proj oject Proj oject Proj oject 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% Note: Info as of March 2018 12
Diversified Property Type Property Typ ype Investment Typ In ype / 1 /1 Warehouse 52.83 % Freehold 100% TIP 7 Project Warehouse 36.97% TIP 7 Project Cold Storage 36.97% JWD Project 21,651 sq.m. JWD Project 47.17% 63.03% 36 , 908 sq.m. Warehouse JWD Project 15.86% Note: Info as of March 2018 / 1 Percentage of total leasable area of all projects 13
3 Q1/2018 Financial Highlights
Financial Highlights Distrib Dis ibution Payment Key Fin inancial Hig Highligh ghts Q1/2 /2018 Total Revenue THB 43.6 Operation Period Q1/2018 & 22 Dec 2017 (date of incorporation) million to 31 Dec 2017 Net Investment Income THB 31.9 million Dividend Type Cash Dividend Total Assets THB 2,247.3 million Distribution Per Unit THB 0.1926 Net Assets THB 1,583.2 million XD 28 May 2018 NAV THB 10.2142 Record Date 30 May 2018 per unit Number of Trust Units 155,000,000 Payment Date 12 June 2018 units 15
4 Operational Highlights
Occupancy Rate 100% Rental Str Structure Leasable Area & Occupancy Ra Le Rate / 1 100% 100% Multi-Tenants Lease 26.52% 58,559 58,559 sq.m. sq.m. Q4/2017 Q1/2018 Leaseback to JWD Group /2 Area Occupancy 73.48% / 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 17
Well-Established Tenants Tenants’ Nationality Tenants’ Industry / 1 /1 Logistics 7.99% Japanese (Multi-Tenants) Office Equipment 16.74% 6.23% Thai (Multi-Tenants) 7.48% Aviation Parts 9.78% Thai 4.82% Air Conditioning (Leaseback Tenants) System 73.48% 73.48% Cold Storage & Logistics Providers (Leaseback Tenants) Note: Info as of March 2018 / 1 Percentage of total revenue from all projects’ lease contract 18
Lease Expiry /1 “More than 73.48% 79% of all lease contracts will be expired in year 2024 onwards ” 15.47% 6.23% 4.82% 0.00% 0.00% 0.00% 0.00% Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 After Y2024 Note: Info as of March 2018 / 1 Percentage of total revenue from all projects’ lease contract 19
AIM REIT Management Company Limited SCB Asset Management Company Limited 62 The Millennia Tower Unit 1601, 16 th Floor 7-8 th Floor. SCB Park Plaza1 18 Ratchadapisek Road, Chatuchak, Bangkok Soi Langsuan, Lumpini, Pathumwan, Bangkok +66 2949 1500 +66 2254 0441-2 Trustee REI REIT Manager www.scbam.com ir@aimreit.com www.aimirt.com 20
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