Aims Apac REIT · SGX:O5RU
Aims Apac REIT — Phillip Securities POEMS Webinar (March 2022)
29 slides from Aims Apac REIT's conference presentation, Mar 31, 2022
Slide 1: AIMS APAC REIT Corporate Presentation
AIMS APAC REIT Corporate Presentation Phillips Securities POEMS Webinar 31 March 2022 W OOLW ORTHS HEADQUARTERS, 3 TUAS AVE 2,AUSTRALIA SINGAPORE
Slide 2: Important Notice
Important Notice Disclaimer This Presentation is focused on comparing the financial highlights for the financial period from 1 October 2021 to 31 December 2021 (“3Q FY2022”) versus financial updates year-on-year (“y-o-y”). This Presentation shall be read in conjunction with AIMS APAC REIT’s (“AA REI
Slide 3: Contents
Contents • Overview of AA REIT • 3Q FY2022 Highlights • Portfolio Highlights • Key Takeaways OPTUS CENTRE, AUSTRALIA 3
Slide 4: Overview of AA REIT
Overview of AA REIT 20 GUL W AY, SINGAPORE 4
Slide 5: Overview of AIMS APAC REIT
Overview of AIMS APAC REIT Total Assets1 Market Cap2 DPU Yield2 S$2.36 S$975.46 6.7% Billion Million Unit Price NAV per Unit 10-year Total Returns3 S$1.41 S$1.38 112% AIMS APAC REIT Background AIMS APAC REIT (“AA REIT”) was listed on the Mainboard of Our Sponsor – AIMS Financial Group ("AIMS") Singa
Slide 6: AIMS APAC REIT 10-Year Growth Path
AIMS APAC REIT 10-Year Growth Path Value creation and Increased visibility Listed as the Top 10 best performing S-REITs in 1H2021 in terms of percentage of total returns3, AA REIT’s has a demonstrated track record in delivering value through (re)developments, asset enhancements and acquisitions. O
Slide 7: Diversified Asset Classes
Diversified Asset Classes • In Singapore, the Urban Redevelopment Authority (URA) classifies industrial property into 3 groups – B1 Light Industry; B2 General Industry; and Business Park. Industrial land is primarily safeguarded for industrial activities such as on-site manufacturing of goods, assem
Slide 8: Singapore Portfolio
Singapore Portfolio Quality portfolio comprising 26 properties strategically located assets in Singapore SOUTHWEST NORTH 541 YISHUN 29 8 & 10 7 1A INT’L WOODLANDS 1 11 17 BUSINESS 22 INDUSTRIAL 18 INDUSTRIAL PANDAN BULIM STREET PARK PARK A PARK E1 CRESCENT WEST , T UAS EAST Major Expressways CTE – C
Slide 9: Australia Portfolio
Australia Portfolio 3 FREEHOLD Properties FREEHOLD properties BUSINESS PARKS LIGHT INDUSTRIAL A. OPTUS CENTRE B. BOARDRIDERS (49% interest) APAC HQ C C. WOOLWORTHS HQ 9
Slide 10: Recent Asset Acquisition
Recent Asset Acquisition Acquisition of Woolworths HQ in Sydney in 2021 FREEHOLD properties • Accretive and transformational acquisition of a modern corporate campus style business park with three interconnecting buildings housing A-grade office accommodation, a data centre operation and a myriad of
Slide 11: 3Q FY2022 Highlights
3Q FY2022 Highlights 7 BULIM STREET, SINGAPORE 11
Slide 12: Highlights for 3Q FY2022
Highlights for 3Q FY2022 Healthy Financials Established Proactive Resilient Portfolio Lease Management Prudent Capital Management Revenue: S$36.8 million Portfolio Occupancy: 97.6% Aggregate Leverage: 37.3% +14.5% y-o-y +0.3% q-o-q (31 March 2021: 33.9%) Above JTC 3Q 2021 industrial av
Slide 13: Attractive Return on Investment
Attractive Return on Investment 8% 6.71% 6% % yield per annum 4.26% 4% 504 bps spread 2.50% 2% 1.67% 0.25% 0% AA REIT Yield1 FTSE ST REIT CPF Ordinary Singapore Govt Bank/Finance 12-month Yield2 Account3 10-year bond2 Company 12-mth fixed deposits2 1 Based on the closing price of S$1.41 on 25 March
Slide 14: Total Returns Since 2012
Total Returns Since 2012 (1) Performance since Mar 2012 AA REIT: +112%(1) FSSTI: +15% FTSE REIT: +37% 1.60 Rebased to AA REIT's Share Price as of Jan 2010 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0.00 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 AA REIT Adjusted FSSTI Index
Slide 15: 3Q FY2022 Results
3Q FY2022 Results 3Q 3Q Y-o-Y 9M 9M Y-o-Y (S$’000 unless otherwise stated) FY2022 FY2021 (%) FY2022 FY2021 (%) Gross Revenue 36,807 32,142 +14.5 102,053 89,874 +13.6 Net Property Income 27,070 23,579 +14.8 74,779 63,532 +17.7 Distributions to Unitholders 16,709 14,486 +15.3 50,312 42,754 +17.7 DPU (
Slide 16: Balance Sheet
Balance Sheet As at As at (S$ million unless otherwise stated) 31 December 2021 31 March 2021 Total Assets1 2,361.7 1,846.6 Total Liabilities 998.5 759.2 Net Assets 1,363.2 1,087.4 NAV per Unit (S$) 1.38 1.36 Total Gross Borrowings2 837.3 593.8 1 The increase in total asset was mainly due to the acq
Slide 17: Portfolio Highlights
Portfolio Highlights 15 TAI SENG DRIVE, SINGAPORE 17
Slide 18: Revenue Performance since 2011
Revenue Performance since 2011 140,000 124,389 120,119 118,078 118,860 120,000 115,432 116,916 112,633 108,240 102,053 100,000 92,082 89,054 87,532 83,983 82,329 80,013 79,433 78,493 (S$ `000) 80,000 76,417 73,245 71,895 74,779 59,071 58,896 60,000 52,982 40,000 20,000 0 FY2011 FY2012 FY2013 FY2014
Slide 19: Key Portfolio Statistics
Key Portfolio Statistics As at As at 30 31 December 2021 September 2021 Number of Properties ↑ 29 28 Portfolio Value (S$ million) 1 ↑ 2,234.3 1,746.5 Net Lettable Area (sqm) ↑ 785,603 740,503 Number of Tenants ↑ 198 190 Portfolio Occupancy (%) ↑ 97.6 97.3 Weighted Average Lease Expiry (WALE) (years)
Slide 20: Key Portfolio Metrics
Key Portfolio Metrics MULTI-TENANTED/ GEOGRAPHIC BREAKDOWN PORTFOLIO BREAKDOWN MASTER LEASE Hi Tech Space, 6.5% Light Industrial, 8.9% General Industrial, Master Leases, Australia, 11.7% 46.2% 38.6% Logistics & By 3Q By By 3Q Warehouse, FY2022 Valuation FY2022 41.7% GRI GRI Singapore, Business Park,
Slide 21: Long Land Lease Expiry
Long Land Lease Expiry* of 45.4 years As at 30 September 2021 Our portfolio land lease tenure (by valuation) is one of the longest amongst our peers 35% 31.1% 30% 25.3% % of Portfolio Valuation 25% 22.3% 20% 15% 12.7% 10% 8.6% 5% 0% 15 to 20 years >20 to 30 years >30 to 40 years >40 to 50 years >50
Slide 22: Key Takeaways
Key Takeaways 29 W OODLANDS INDUSTRIAL PARK E1, SINGAPORE 22
Slide 23: Market Trends Supporting Growth of Industrial Sector
Market Trends Supporting Growth of Industrial Sector Manufacturers ramping E-commerce and Decentralisation up production digitalisation trends of offices Rising rental and prices of industrial Increase in demand for industrial More companies are adopting the “hub- space are underpinned by the space,
Slide 24: Our Strategy
Our Strategy Active Asset Capital & Business Strategic Prudent Capital & & Leasing Partnerships for Investments Risk Management Management Growth Continued evaluation of total Unlocking value of selected Staggering of debt maturities, Building new capital return investment and built-to- assets withi
Slide 25: Case Studies
Case Studies Redevelopment of Asset Enhancement Acquisition of 3 Tuas Ave 2 of NorthTech 7 Bulim Street Transformation of existing property into Providing key tenant, a global leader in Modern 4-storey ramp up logistics a modern and versatile 4-storey ramp- life science research, with a hi-tech faci
Slide 26: Environment, Social & Governance
Environment, Social & Governance We are committed to incorporating Our ESG Focus Areas ESG factors into AA REIT’s strategy • Improve and minimise environmental impact and operations, to ensure Unitholders • Promote inclusive and sustainable economic growth with long-term sustainable returns • Unders
Slide 27: Market Outlook
Market Outlook MACRO Global economic recovery is continuing, even as the pandemic resurges, with the rapid spread of Delta and Omicron increasing uncertainty. The International Monetary Fund has retained its global growth forecast for 2022 at 4.9%. However, the ongoing Russia-Ukraine conflict
Slide 28: Key Takeaways
Key Takeaways Diversified Tenant Base Strong Leasing Activity 18 leases accounting for 6.1% of 198 tenants in broad range of portfolio NLA signed in 3Q FY2022; industries across 29 properties Portfolio occupancy of 97.6% well above industrial market Resilient Portfolio Untapped Redevelopment Potenti
Slide 29: Thank you!
1 KALLANG WAY 2A, SINGAPORE For enquiries, kindly contact: Thank you! Phone Number +65 6309 1063 / +65 6534 5122 Looking forward to your support. Email Address investorrelations@aimsapac.com / AAREIT@citigatedewerogerson.com
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