AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust - Opportunity Day Q2/2018
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AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust
Opportunity Day Q2/2018 21 August1 2018
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
Introduction
01
AIMIRT background & milestone, investment highlights, unitholders structure
Portfolio Overview
02
AIMIRT structure, asset information
Q2/2018 Financial Highlights
03
Financial information, distribution payment
Operational Highlights
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 and movable 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 June 2018
/1 For initial asset investment
5
Trust Structure
Trust Unitholders
Distribution Investment
REIT Manager
REIT
Management Leaseback Tenants
Freehold : JWD Project Lease JWD Project
Pacific Cold Storage Project JWD Pacific Project Datasafe Project
Fee
Rental and
Service Fee
Appoint
Multi-Tenants
Property TIP 7 Project
Freehold : TIP 7 Project
Property Manager Management Lease
(for TIP Project)
Ngan Somboon Rental and
Company Limited Fee
Service Fee
Monitor and act on
Fee
behalf of unitholders
Trustee
6
AIMIRT Background & Milestone
REIT Manager License Jan
2017
REIT Manager license was granted by
Securities and Exchange Commission
(SEC) on 26 January 2017. AIM REIT Dec
Management Co., Ltd. became Thailand’s Establishment
first independent REIT manager 2017
AIM Industrial Growth Freehold and
Leasehold Real Estate Investment
Jan Trust (“AIMIRT”) was established on
SET Listed 22 December 2017
2018
AIMIRT was listed on the Stock Exchange
of Thailand (SET) on 9 January 2018
7
AIMIRT Investment Highlights
Thailand’s first REIT investing in cold storage High-quality 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
Freehold 100% Long-term lease agreement on average
Invest in freehold right of assets for More than 90% of lease agreements are
initial asset investment at least 3 years or longer
Strategic locations Transparent & unbiased 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% Well-established tenants
Invest in assets with 100% occupancy rate Industry leaders with
under reliable lease agreements competitive advantages
Note: Info as of June 2018
8
AIMIRT Unitholders
Rank Top 10 Major Unitholders Units % Unitholders Structure
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 & TIP Holding
4 THAI LIFE INSURANCE PLC 10,000,000 6.45 17.25%
5 B SENIOR CITIZEN MIXED FUND 8,000,000 5.16 Retail Investors
6 CIMB-PRINCIPAL PROPERTY INCOME FUND 6,597,100 4.26 45.05%
7 BUALUANG INCOME FUND 4,100,000 2.65
Institution & Funds
8 MRS. PORNTIP PIBULNAKARINTR 3,100,000 2.00 37.70%
9 MRS. SOMSRI KRAISAKDAWAT 3,030,000 1.95
10 MR. PORNSIN KRAISAKDAWAT 2,800,000 1.81
Note: Info as of May 2018
9
2 Portfolio Overview
Summary of Asset Information
Project
Pacific Cold Storage JWD Pacific Datasafe TIP 7
Project Project Project Project
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 June 2018
11Strategic Locations
12Diversified Property Type
Property Type 1 /
Investment Type/1
Warehouse 52.83%
30,939 sq.m. Freehold 100%
58,559 sq.m.
Warehouse TIP 7 Project
TIP 7 Project 36.97%
Cold Storage
36.97% JWD Project 21,651 sq.m.
47.17% JWD Project
21,651 sq.m.
63.03%
27,620 sq.m.
36,908 sq.m.
Warehouse
JWD Project
15.86%
9,288 sq.m.
Note: Info as of June 2018
/1 Percentage of total leasable area of all projects
133
Q2/2018
Financial HighlightsFinancial Highlights
Key Financial Highlights Q2/2018 Revenue & Net Investment Income
Total Revenue THB 43.9
million
Net Investment Income THB 31.2 43.6 43.9
million
31.9 31.2
Total Assets THB 2,250.3
million
Borrowing THB 590.0
million
Net Assets THB 1,584.5
million Q1/2018 Q2/2018
NAV THB 10.2226
per unit Total Revenue Net Investment Income
Number of Trust Units 155,000,000
units
15Distribution Payment
Distribution Payment Q2/2018 Distribution Per Unit (DPU)
Operation Period 1 April - 30 June 2018
/1
0.1926 0.1861
Dividend Type Cash Dividend
Distribution Per Unit THB 0.1861
0.1852
XD 23 August 2018
Record Date 24 August 2018 0.0074
22-31 Dec 2017 & Q2/2018
Payment Date 5 September 2018 Q1/2018
Note: /1 Totaldistribution of THB 0.1926 per unit, of which are from operating
minimum payout result of Q1/2018 (from 1 Jan 2018 to 31 Mar 2018) at the rate of THB
Distribution
Payment Policy 90% of distributable
income
0.1852 per unit and from operating result from 22 Dec 2017 (date of
incorporation) to 31 Dec 2017 at the rate of THB 0.0074 per unit.
164 Operational Highlights
Occupancy Rate 100%
Rental Structure 1 /
Leasable Area & Occupancy Rate
100% 100% 100%
Multi-Tenants Lease
26.98%
58,559 58,559 58,559
sq.m. sq.m. sq.m.
Leaseback to JWD Group/2 Q4/2017 Q1/2018 Q2/2018
73.02%
Area Occupancy
Note: Info as of June 2018
/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
18Well-Established Tenants
Tenants’ Nationality 1 /
Tenants’ Industry/1
JWD’s Cold Storage
Customers
Logistics
Japanese 7.94%
(Multi-Tenants)
17.25% 6.82% Office Equipment
Thai
(Multi-Tenants) 7.44% Aviation Parts
9.73%
Thai 4.78%
(Leaseback Tenants) Air Conditioning
73.02% System
73.02%
Cold Storage & Logistics Providers
(Leaseback Tenants)
Note: Info as of June 2018
/1 Percentage of total revenue from all projects’ lease contract
19Lease Structure
Lease Term /1 Lease Expiry /1
More than
73.02%
79% of all lease contracts
will be expired in year 2024 onwards
3 – 6 years
12.22%
>= 6 years
79.84%
< 3 years
7.94%
15.38%
4.78% 6.82%
0.00% 0.00% 0.00% 0.00%
Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 After
Y2024
Note: Info as of June 2018
/1 Percentage of total revenue from all projects’ lease contract
20AIM REIT Management Company Limited SCB Asset Management Company Limited
62 The Millennia Tower Unit 1601, 16th Floor 7-8th Floor. SCB Park Plaza1 18 Ratchadapisek
Soi Langsuan, Lumpini, Pathumwan, Bangkok Road, Chatuchak, Bangkok
+66 2254 0441-2 +66 2949 1500
REIT Manager ir@aimreit.com Trustee www.scbam.com
www.aimirt.com
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