IMPACT Growth Real Estate Investment Trust · SET:IMPACT
IMPACT Growth Real Estate Investment Trust — FY2017/2018 Earnings Presentation
22 slides from IMPACT Growth Real Estate Investment Trust's earnings presentation, Jun 21, 2018
Slide 1: Opportunity Day June 21, 2018
Opportunity Day June 21, 2018
Slide 2: Our topic
Our topic 01 02 03 Target achievement Earning Result Outlook Target FY2017/2018 2018/2019 VS Business Plan Result
Slide 3: Our topic: Target achievement
Our topic 01 Target achievement Target VS Result
Slide 4: 2017/2018 target achievement
2017/2018 target achievement Occupancy Rate Service Target 50%: Income Achievement Result 50% Meeting Meeting & convention &International Number of Meeting convention Growth : 3% Number of Convention Growth : 230% Occupancy Rate Achievement Service Income Target : THB 2,040mn Result : THB 2,216mn 4
Slide 5: Our topic: Earning Result FY2017/2018
Our topic 02 Earning Result FY2017/2018
Slide 6: FY'2017/18 THB 2,224mn Net Profit
Convention , Concert & Trade Exhibition are the main growth driver. FY’2017/18 FY’2017/18 PAYOUT RATIO 4Q’2017/18 DISTRIBUTION REVENUE 97% OCCUPANCY RATE 39% THB 2,224mn. PER UNIT AT 16% yoy THB 0.78 FY’2017/2018 FY’2017/2018 ARR OCCUPANCY RATE NET PROFIT 70 baht/ sq.m. 50% THB 1,204mn. 21%yoy 6
Slide 7: Occupancy Rate by building
Occupancy Rate by building IMPACT Arena IMPACT Exhibition Center (Hall 1-8) 2017/2018 2017/2018 2016/2017 100% 100% 2016/2017 80% 80% 60% 60% 59% 49% 54% 40% 49% 40% 42% 51% 20% 20% 26% 20% 0% 0% 4Q FY 4Q FY IMPACT Forum IMPACT Challenger 100% 100% 2017/2018 2017/2018 2016/2017 80% 2016/2017 80% 60%
Slide 8: Assets Occupancy Rate
4 Assets Occupancy Rate 100.0% 80.0% 60.0% 55% 54% 50% 46% 40.0% 20.0% 0.0% 2014/2015 2015/2016 2016/2017 2017/2018 8
Slide 9: Average Rental Rate
Average Rental Rate 70 2017/2018 FY 64 2016/2017 72 Q4 65 4 Assets 77 Average Q3 65 Rental Rate 64 Q2 63 69 Q1 65 40 50 60 70 80 9 Note : Average Rental Rate is derived from the figures of total income from venue service divided by total rented space of the venue
Slide 10: Revenue Summary
Revenue Summary FY’2017/2018 Service Income FY’2017/2018 Service income rose 16% Unit : THB Million (yoy) from the increasing of occupancy Service Income Gross Profit Margin rate to 50% from last year at 46% 2,250 88% The key drivers are 2,200 88% 2,150 Concert: 2,100 2,216 Total number of con
Slide 11: Revenue Summary
Revenue Summary FY’2017/2018 Net Investment Income Excluding realized and unrealized gains on investment FY’2017/2018 Net investment Income rose Unit : THB Million at 20% (yoy), Net Investment income Net Investment Income margin slightly increased to 54%, mainly 1,400 Net Investment Income Margin
Slide 12: Revenue Breakdown
Revenue Breakdown Revenue Structure Parking Services Long Term Media Right Rental 2.7% 0.5% Fee 7.0% 7.6% Catering Right Fee FY’2017/2018 Venue Service Service Income THB 2.22bn 82.2% 12
Slide 13: Revenue Breakdown
Revenue Breakdown Revenue by Asset Revenue by segment Unit :% IMPACT Challenger was the key revenue driver in this year from the Convention 100.0% Domestic IMPACT Forum Public IMPACT Arena 28% 27% Sector 80.0% IMPACT Exhibition Center IMPACT Challenger 60.0% Domestic Private Sector 40.0% 64% 65% 20.
Slide 14: Cost & Administration Expenses Structure
Cost & Administration Expenses Structure Cost of service Unit : THB Million Administration expenses Unit : THB Million Insurance Property Tax Other cost other Repair & Maintenance Service cost Utility cost 350 Utility,Security & Cleaning 300 Millions 300 270.1 250 250 248.9 203.9 200 190.5 200 150 1
Slide 15: Financial Summary
Financial Summary Cash Flow Summary Balance Sheet Summary Unit : THB Million Unit : THB Million Assets As at 31 Mar’18 Cash Flow From Operating Activities Investment in Properties 19,620 Cash Flow From Financing Activities Total Assets 20,618 Liabilities Distribution 1,358 Current portion of Long te
Slide 16: Debt Position
Debt Position Debt Maturity Profile Debt 100% from loan with Collateral: Land and building mortgage Floating rate at Minimum Loan Rate (MLR) Loan is 100% in Thai baht term Cost of fund is around 4.2% At maturity , REIT Manager tend to rollover the loans in full amount Market rate at the
Slide 17: Distribution
Distribution Distribution Distribution policy FY’2017/18 Distribution per unit (DPU) :THB 0.78 At least 90% of the adjusted annual net profit will per unit with payout ratio at 97% be distributed to trust unitholders. Distribution to + 18% (yoy) be made includes annual distribution and interim d
Slide 18: Our topic: Outlook 2018/2019 Business Plan
Our topic 03 Outlook 2018/2019 Business Plan
Slide 19: 2018/2019 Business Plan
2018/2019 Business Plan Occupancy Rate & Average Rental Rate Unit : % Unit : Baht/sq.m./day 100% 100 90% 90 80% 71 80 70% 65 62 70 70 64 60% 52% 60 50% 55% 50 40% 54% 46% 50% 40 30% 30 20% 20 10% 10 0% 0 2014/2015(A) 2015/2016 2016/2017(A) 2017/2018(A) 2018/2019(F) Occupancy Rate Average Rental Rate
Slide 20: 2018/2019 Business Plan
2018/2019 Business Plan Key Growth Strategy for Occupancy Rate & Average Rental Rate 1. Retain and 2. Emerging of new 3. International expansion of existing event convention event &incentive • Relationship • Customer flexibilities • International Joint Venture Marketing • Value for money • Roadshow
Slide 21: 2018/2019 Business Plan
2018/2019 Business Plan Service Income Target Unit : THB Million ~2,330 2,500 2,114.4 2,215.9 1,902.5 2,000 1,109.7 1,500 1,000 2014/2015A** 2015/2016A 2016/2017A 2017/2018A 2018/2019 F Venue service Long term +4-5% rental Growth Catering right fee 21 ** Operational performance period September 2014
Slide 22: Thank You
THANK YOU Disclaimer : Certain of the statements contained herein are statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance
IMPACT Growth Real Estate Investment Trust — FY2017/2018 Earnings Presentation on 6ix