IMPACT Growth Real Estate Investment Trust · SET:IMPACT
IMPACT Growth Real Estate Investment Trust — FY2015/2016 Earnings Presentation
25 slides from IMPACT Growth Real Estate Investment Trust's earnings presentation, Jun 8, 2016
Slide 1: Opportunity Day
Opportunity Day Stock Exchange of Thailand 8 June 2016 REIT Manager
Slide 2: Content
CONTENT FY2015/2016 Key Results 2016/2017 Business Plan Prospected new assets 2
Slide 3: Content
CONTENT FY2015/2016 Key Results 2016/2017 Business Plan Prospected new assets 3
Slide 4: FY2015/2016 Key Results
FY2015/2016 Key Results Earning is more than expectation as cost management efficiency Occupancy Rate : Due to the high demand in all 4 assets, thus the occupancy rate growth (year on year) is 7% even though it missed our target at 60% Occupancy rate as some small events were cancelled from the econ
Slide 5: Occupancy Rate
Occupancy Rate Occupancy Rate (%) IMPACT Arena IMPACT Exhibition Hall 1-8 100% 100% 80% 2015/2016 80% 68% 2015/2016 61% 59% 63% 62% 60% 61% 55% 56% 57% 55% 60% 54% 56% 60% 60% 54% 41% 36% 43% 2014/2015 2014/2015 40% 35% 36% 40% 20% 20% 0% 0% 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY IMPACT Forum IMPACT Challeng
Slide 6: 2015/2016 Service Income
2015/2016 Service Income Service Income structure Service Income 0.4% Unit : million baht 3% Venue Service 2,114.4 6% 8% F&B right fee 2014/2015 2015/2016 1,109.7 Long term rent 497.4 500.3 561.1572.4 544.6 544.3 Parking service 83% - 4.0 Media right fee 1Q 2Q 3Q 4Q FY Service Income by segment Net
Slide 7: 2015/2016 Cost
2015/2016 Cost Cost of Service structure Selling & Administrative expenses structure 350 Property Tax 250 Bank fee Millions Millions 300 Other cost 200 Insurance 250 200 150 other Equipment ,sound 150 & casual 100 Machinery 100 Security, Cleaning & Laundry 50 Repair & 50 Maintenance Utility cost - -
Slide 8: Performance
Performance Debt Covenant FY 2014/2015 FY 2015/2016 Conditions : Loan/ Total asset < 30% 7.38 7.29 7.38 7.29 Debt/ EBITDA < 5X Interest Coverage > 3X 2.81 2.86 DSCR > 3X 0.19 0.19 Loan / Total asset Debt/EBITDA Interest Coverage DSCR Profitability Ratios FY 2014/2015 FY 2015/2016 86% 86% 80%
Slide 9: Distribution
Distribution Historical Dividend Payment Distribution Policy At least 90% of the adjusted annual net profit will be distributed to trust units holders. Distribution to be made includes annual distribution and interim distribution (if any). The distribution shall pay up to 4 times per year. The
Slide 10: Content
CONTENT FY2015/2016 Key Results 2016/2017 Business Plan Prospected new assets 10
Slide 11: 2016/2017 Business Plan
2016/2017 Business Plan 2016/2017 Revenue Target Occupancy Rate Target Customer Segment Target Key target customer segment : Used Sq.m./Day I. Government exhibitions, meetings and conventions 100.0% +6% II. Private sector exhibitions, meetings and conventions 80.0% 57% III. Corporate meetings, conve
Slide 12: 2016/2017 Business Plan: Cost Target
2016/2017 Business Plan 2016/2017 Cost Target Cost of Service – VS– Service Income S&A expenses – VS – Service Income Cost of service – VS– Service income is expected to be S&A– VS – Service income is expected to be higher as maintained at 14%. there are some repair & maintenance projects are still
Slide 13: Booking updates as of June 1, 2016
Booking updates as of June 1,2016 Venue service income - On-hand F&B right fee income- On-hand 11% Confirm Confirm 5% 28% 43% Tentative Tentative 84% Prospect Prospect 29% 13
Slide 14: Content
CONTENT FY2015/2016 Key Results 2016/2017 Business Plan Prospected new assets 14
Slide 15: Novotel Bangkok IMPACT
3 Year Term Novotel Bangkok IMPACT 4-star hotel adjacent to IMPACT Challenger and Forum with linked bridge. Hotel Services and Facilities include an indoor swimming pool with sauna/steam rooms, an energizing fitness center and a day spa. Fine dining features with a choice of Italian restaurant (Preg
Slide 16: Novotel Bangkok IMPACT
3 Year Term Novotel Bangkok IMPACT Revenue structure Occupancy Rate & Average Room Rate Baht/Day 3% % Room service 1,900 80% Income 72% 70% 70% 23% 1,800 58% 60% 1,820 F&B income 1,700 50% 40% 74% 1,600 1,631 30% 1,500 1,548 20% Other income 10% 1,400 0% Y2013/2014 Y2014/2015 Y2015/2016 Average Room
Slide 17: Geneva Office Building and Indoor Parking 3
3 Year Term Office building with 86% Occupancy Rate New 49,845.85 sq.m. with Average rental rate @ Geneva THB340 Office Building Rental rate is adjusted at 15% every 3 year A capacity to accommodate up to 2,000 car comprising ‘Outlet Square’, a one-stop shopping complex Indoor 54,369 cars were parke
Slide 18: 3-6 Year Investment Plan
3-6 Year Investment Plan 2 4 5 1 6 3
Slide 19: Future Investment: Marina Bay
Future Investment in Muang Thong Thani 1 Marina Bay “A Marina Complex with a full range of services and facilities” • Offer a leasing space for mooring 2 pontoons and 36 yacht ships • Equipped with water and power supply • Offer an 8-meter-wide boat ramp • Include a variety of facilities and ameniti
Slide 20: Future Investment: IBIS Hotel
Future Investment in Muang Thong Thani 2 IBIS Hotel “A Trendy Budget Hotel” • Comprise 587 rooms • Located behind IMPACT Exhibition Center Hall 8 • To be completed in March 2017 • Will have a bridge connecting to IMPACT Exhibition Center Hall 8 in the future 20
Slide 21: Future Investment: Link Bridge & 4-Storey Building
Future Investment in Muang Thong Thani 3 Link Bridge & 4-Storey Building “A New Air-Conditioned Link Bridge and 4-storey Building” •An air-conditioned bridge connecting IMPACT Challenger Hall 1 to IMPACT Exhibition Center Hall 1 and IMPACT Arena •A stylish 4-storey building with a total usable area
Slide 22: Future Investment: Cosmo Office Park
Future Investment in Muang Thong Thani 4 Cosmo Office Park Cosmo Office Park “A Serviced Office in the heart of Muang Thong Thani” • Feature 58,321-sq.m. office spaces. • Each floor portrays different styles to best meet customers’ lifestyle. • Offer a wide range of facilities including a floor comm
Slide 23: Future Investment: Water Theme Park
Future Investment in Muang Thong Thani 5 Water Theme Park “The Largest Water Theme Park in South East Asia” • Set on approximately 100,000-sq.m. • The largest theme park in Southeast Asia. • Expect to attract 1.5 million visitors, 25% tourist and 75% from Bangkok and surrounding provinces. • Expect
Slide 24: Future Investment: Pullman Hotel
Future Investment in Muang Thong Thani 6 Pullman Hotel “The First Luxury 5-star hotel in Muang Thong Thani” • 5-star hotel, located on the shore of the lake • Comprise 300 rooms • To be completed in 1Q’ 2018 24
Slide 25: IMPACT REIT Muang Thong Thani
al IMPACT REIT MUANG THONG THANI
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