Aims Property Securities Fund · ASX:APW

Aims Property Securities Fund — FY2015 Earnings Presentation

24 slides from Aims Property Securities Fund's earnings presentation, Aug 31, 2015

  1. Slide 1: Annual Results Presentation August 2015

    For personal use only AIMS Property Securities Fund (APW or the Fund) AIMS Fund Management Limited (AIMS or the Responsible Entity) Annual Results Presentation August 2015

  2. Slide 2: Balance Sheet

    Balance Sheet For personal use only 2015 2014 Current Assets Cash and cash equivalents 760 18,757 Trade and other receivables 753 854 Term Deposits 0 4,937 Total Current Assets 1,513 24,548 Non-Current Assets Listed property securities 25,139 21,229 Unlisted property securities 62,110 31,170 Total N

  3. Slide 3: NTA Reconciliation

    NTA Reconciliation For personal use only NTA has increased 66.1% since 30 June 2013 20 18 3.19 16 1.24 14 19.45 3.36 12 16.26 15.02 10 11.66 11.66 8 NTA at 30 June 2013 Impact of TFML Litigation Impact of 10% Buy Back Change in Net Asset Value NTA NTA 28 June as at 30 April 2015 2015 3

  4. Slide 4: Market Capitalisation since 2009

    Market Capitalisation since 2009 For personal use only Market Capitalisation ($’000) has increased >200% under AIMS1,2,3 70,000 60,124 60,000 50,000 40,000 35,563 30,000 22,455 20,022 20,000 18,745 18,148 10,000 0 FY09 FY10 FY11 FY12 FY13 FY14 Notes 1. The Fund issued 13.25 millions at 7.55 cents pe

  5. Slide 5: Cumulative Unit Price Growth since 2009

    AIMS Property Securities Fund For personal use only Cumulative Unit Price Growth since 20091 250.0% 229.6% 211.4% 200.0% 150.0% 100.0% 85.6% 50.0% 7.1% 0.0% FY09 FY10 FY11 FY12 FY13 FY14 -12.7% -50.0% -38.2% Notes Under Previous Manager 1. Cumulative Unit Price Growth is calculated on the assumption

  6. Slide 6: Fund total performance and index comparison

    AIMS Property Securities Fund For personal use only The table below shows the Fund’s total performance for the financial year ended 30 June 2014 and 30 June 2015 ASX listed Units SGX listed Units Year ended Year ended Year ended Year ended 30 June 30 June 30 June 30 June 2015 2014 2015 2014 % % % %

  7. Slide 7: Current Investment Portfolio

    Current Investment Portfolio For personal use only Unlisted Property Securities 30 June 2015 30 June 2014 Arena Office Fund 0.0035 $17,500 $0.65 $3,257,000 AIMS Property Fund (St Kilda Rd) 1 $0.45 $18,306,587 $0.27 $6,007,446 2 Australian Unity Office Property Fund $0.8249 $6,447,860 $0.8215 $7,215,

  8. Slide 8: Overview of the Fund

    Overview of the Fund For personal use only 8

  9. Slide 9: Significant Portfolio Events

    Significant Portfolio Events For personal use only  Unlisted Property Securities  The Fund received a capital distribution from Arena Office Fund of 20.35 cents per unit in February 2015  The Fund acquired 18,180,891 units in AIMS Property Fund (St Kilda Rd) for 43.20 cents per unit in December 2

  10. Slide 10: Fund Strategy

    Fund Strategy For personal use only The Fund’s strategy continues to be as follows:  redeem the Fund’s investments and redeploy capital into new investment opportunities if it believes that it is in the best interest of Unitholders in the Fund;  make cornerstone investments in new AIMS managed inv

  11. Slide 11: AIMS Property Fund (St Kilda Rd)

    For personal use only AIMS Property Fund (St Kilda Rd)

  12. Slide 12: Overview

    Overview For personal use only  The property is located at 492 St Kilda Rd, Melbourne on a 2,243 sq.m site  B-Grade office building with NLA of 8,803 sq.m  There are 12 levels of office accommodation, ground floor retail and 2 level basement car park for 141 car spaces  The current vacancy is <5

  13. Slide 13: Gearing

    Gearing For personal use only AIMS reduced LVR to 41.7%1,2 80% >4.2% margin 75.5% 60% 60.0% 51.7% 1.65% margin 40% 41.7% 20% FY04 FY12 FY13 FY14 Under Previous Manager Notes 1. The Fund’s LVR is based on debt of $15.1 million divided by Total Assets of $36.3 million = 41.7% 13 Under AIMS 2. The Fund

  14. Slide 14: Distributions

    Distributions For personal use only AIMS reinstated DPU at 8.5%1 10% 9.0% 8.5% 8.5% 5% 0.0% 0% 2004 2012 2013 2014 Under Previous Manager 14 Notes Under AIMS 1. Distribution Yield payable on New Units at an annualised rate of 8.5% up to 31 December 2015

  15. Slide 15: Property Price

    Property Price For personal use only Property Price increased 36.25% since 2012 under AIMS 40,000 35,000 34,200 31,500 30,000 25,100 25,000 25,000 20,000 2004 2012 2013 2014 Under Previous Manager Under AIMS 15

  16. Slide 16: Debt/Equity Mix

    Debt/Equity Mix For personal use only Equity Value increased by 77.2% under AIMS1 40,000 35,000 30,000 25,000 12,600 21,400 6,150 20,000 12,075 15,000 10,000 18,900 18,951 12,925 12,800 5,000 0 2004 2012 2013 2014 Debt Equity Under Previous Manager Under AIMS Notes 16 1. AIMS raised $6.5 million to

  17. Slide 17: No. of Units & Acquisition Price per Unit

    No. of Units (% interest in the fund) & Acquisition Price per Unit For personal use only WAAP represents an unrealised capital gain of 14.5% (‘000) $1.00 $1.000 18,991 (49.90%) 20,000 18,181 (89.96%) 18,000 $0.80 16,000 14,000 $0.60 12,000 10,000 $0.432 $0.40 8,000 6,000 $0.245 $0.20 3,500 (18.95%)

  18. Slide 18: AIMS Property Fund (Felix St)

    For personal use only AIMS Property Fund (Felix St)

  19. Slide 19: Overview of Transaction

    Overview of Transaction For personal use only  The property is located at 10 Felix Street, Brisbane on a 1,009 sq.m site  B-Grade office building with NLA of 4,752 sq.m  There are 11 levels of office accommodation completed in 1985, refurbished in 1999 and services upgraded in 2009  The current

  20. Slide 20: Location & Key Benefits

    Location & Key Benefits For personal use only  The property is located in the centre of the “Golden Triangle” in the Brisbane CBD, directly behind Waterfront Place and <25m to the riverfront  Key benefits of the Property are:  prime location;  a diversified mix of quality tenants;  potential to

  21. Slide 21: AIMS Property Fund (Laverton)

    For personal use only AIMS Property Fund (Laverton)

  22. Slide 22: Overview of Transaction

    Overview of Transaction For personal use only  The Property is a 238,800 (23.8ha) land holding in the centre of the Laverton industrial area in Melbourne  The site is less than 2 kilometres from 4 major linkages (Princes Highway, Western Ring Road, Deer Park Bypass and the West Gate Freeway)  10

  23. Slide 23: Location & Key Benefits

    Location & Key Benefits For personal use only  The property is located in the centre of the “Golden Triangle” in the Brisbane CBD, directly behind Waterfront Place and <25m to the riverfront  Key benefits of the Property are:  prime location;  a diversified mix of quality tenants;  potential to

  24. Slide 24: Disclaimer

    Disclaimer For personal use only This presentation has been prepared and issued by AIMS Fund Management Limited (ABN 79 004 956 558) (AFSL 258052) as responsible entity for the AIMS Property Securities Fund (ARSN 111 442 150). The information contained in this presentation should not be taken as fin

AIMS Property Securities Fund — FY2015 Earnings Presentation on 6ix