Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q2 FY2023 Earnings Presentation
17 slides from Ame Real Estate Investment Trust's earnings presentation, November 2022
Slide 1: Investor Presentation Q2 FY2023
Investor Presentation Q2 FY2023
Slide 2: Portfolio Highlights as at 30 September 2022
Portfolio Highlights as at 30 September 2022 RM618.8 mil RM557.0 mil 3.4 Years 1.614 mil sq ft 6.4% Market Capitalisation Portfolio Market Value Weighted Average Lease Expiry Space under Management(1) Gearing Ratio (by Net Lettable Area)(1) 34 31 100% 3 100% No. of Properties No. of Industrial Prope
Slide 3: Q2 FY2023 Highlights
Q2 FY2023 Highlights Total Revenue of RM1,308,000(1) Net Asset Value (“NAV”) of RM517,274,000, NAV per unit of RM0.9948(2) Net Property Income of RM1,221,000(1) 520,000,000 number of units in issue(2) Trading at a premium of 19.6% to NAV at Distributable Income of RM1,082,000(1) RM1.19 per unit(2) I
Slide 4: Portfolio Overview
Portfolio Overview
Slide 5: Location of Subject Properties
Location of Subject Properties 3
Slide 6: Portfolio of Quality Tenants
Portfolio of Quality Tenants • Multinational corporations occupy an aggregate NLA of 90.5% of net lettable area • Top 10 tenants of Industrial Properties Malaysian subsidiary of a foreign multinational electronics manufacturing services company 4
Slide 7: Portfolio Diversification
Portfolio Diversification Portfolio by Market Value Portfolio by Occupied NLA 10.8% 24.2% 45.0% 8.4% 30.9% 58.3% 22.4% 5
Slide 8: Portfolio Diversification
Portfolio Diversification Portfolio by Industrial-Related Properties Portfolio by Gross Monthly Rental Income (by Number of Beds) 28.6% 26.7% 35.6% 43.7% 7.3% 35.8% Total bed capacity 22.3% 6,390(1) Notes: (1) The total bed capacity has increased to 6,407 following the issuance of Certificate for Ac
Slide 9: Portfolio Diversification
Portfolio Diversification Diversification by Trade Sectors By NLA Portfolio by Asset Category (excl. Dormitories) Top 2 Family entertainment , 3.8% Logistics / E-commerce, 13.3% Top 1 24.2% Manufacturing facilities Electrical and electronics, 31.2% Others, 5.5% Logistics Warehouse 54.2% Plastic prod
Slide 10: Tenancy Expiry Profile
Tenancy Expiry Profile % of gross rental income expiring against total rental income of properties as of 30/09/2022 2 3 0 1 5 1 0 3 0 0 1 0 12 10.6 10 8.7 8 6 5.1 5.4 4.1 4 3.2 2 1.2 0 0 0 0 0 0 SAC Industrial Properties Indahpura Industrial Properties SILC Industrial Properties Dormitories Number o
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights
Financial Highlights RM571.1 mil RM36.6 mil 6.4% 100% Total Financing Gearing Ratio Income Distribution for FY2023 Total Assets RM517.3 mil RM0.9948 0.19 sen RM1.19 Total Unitholders’ Funds Net Asset Value Per Unit Earnings Per Unit Market Price per Unit 9
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000 unless otherwise stated Q2 FY2023 Units in RM’000, unless otherwise stated As at 30 September 2022 Rental income 1,308 Investment properties 557,000 Property operating expenses (87) Total non-curre
Slide 14: Financing Headroom
Financing Headroom RM 534.2mil Financing headroom of up to 50% RM497.6mil for acquisitions RM 36.6mil 6.4% As at 30 September 2022 Maximum Financing 11
Slide 15: Potential Acquisitions
Potential Acquisitions
Slide 16: Potential Pipeline Properties from the Sponsor
Potential Pipeline Properties from the Sponsor Illustrative 3D image of Plot 16 @ Indahpura Plot 15 @ Plot 16 @ Potential pipeline Plot 43 @ SAC Indahpura Indahpura Estimated GFA 56,814.44 101,764.26 98,249.38 (sq ft) Targeted lease commencement Q3 2022 Q3 2022 Q3 2023 date Expected lease Fixed 10 y
Slide 17: Thank You
THANK YOU
Ame Real Estate Investment Trust — Q2 FY2023 Earnings Presentation on 6ix