Kip Real Estate Investment Trust · MYX:KIPREIT
Kip Real Estate Investment Trust — Shareholder Meeting (September 2019)
26 slides from Kip Real Estate Investment Trust's shareholder meeting presentation, Sep 25, 2019
Slide 1: KIP REIT 3rd Annual General Meeting
KIP REIT 3rd ANNUAL GENERAL MEETING 25th SEPTEMBER 2019 K I P R e a l E s t a t e I n v e s t m e n t Tr u s t 10.30 A.M. KIP:MK (5280) CARME ROOM, KIP HOTEL
Slide 2: Table of Content
TABLE OF CONTENT 1. KEY HIGHLIGHTS FOR FY19/20 2. COMPANY OVERVIEW 3. MOVING FORWARD 4. APPENDIX 2
Slide 3: 1. Key Highlights for FY19/20
1. KEY HIGHLIGHTS FOR FY19/20
Slide 4: Key Financial Highlights for FY19
KEY FINANCIAL HIGHLIGHTS FOR FY19 FINANCIAL SNAPSHOT AS AT 30 JUN 2019 Distributable Income (RM'000) 9,000 100.0% 7.2% 7,832 7,630 7,681 90.0% 6.03 sen 8,000 7,327 Annualized income distribution yield based Total distribution declared 80.0% Jul’18 – Jun‘19 7,000 on RM0.84 price as at closing of 30 J
Slide 5: Distribution Per Unit & Peer Yield
DISTRIBUTION PER UNIT & PEER YIELD Continues to deliver attractive annual yield of 7.2% Distribution Per Unit (Sen) PEER YIELD COMPARISON 2.5 8.1% 7.2% 6.9% 6.8% 2 6.0% 1.55 5.4% 1.45 1.51 1.52 5.1% 1.5 4.8% 6.2% 4.5% 1 3.9% 3.4% 0.5 0 EPF Fixed Deposit 5- MGS 10-YR KIP REIT Axis REIT CapitaMalls He
Slide 6: Key Highlights for FY19/20
KEY HIGHLIGHTS FOR FY19/20 Nov ‘18 Jan ‘19 Apr ‘19 Jul ‘19 Value Accretive Acquisition Sustainability Through Solar New Management Rebranding Exercise Signed Sale and Purchase Completed installation of Appointment of Mr. Chiam KiPMart rebranded as KIPMall to invigorate Agreement to acquire AEON sola
Slide 7: Value Accretive Acquisition: AEON Mall Kinta City
VALUE ACCRETIVE ACQUISITION AEON MALL KINTA CITY • First asset purchased since its listing in February 2017 and the largest in terms of Net Lettable Area and Market Value. • Acquisition was completed on 31 July 2019. • Acquisition boosted the total Asset Under Management (“AUM”) from RM599.3mil to R
Slide 8: Solar Incentives Enhance Property Income
SOLAR INCENTIVES ENHANCE PROPERTY INCOME 2,730kWp OF SOLAR PHOTOVOLTAIC SYSTEM • Installed on the roofs of all the KIPMalls • Jointly owned by & on 80:20 basis Masai Tampoi • Total investment was RM9.56 million. KIP REIT’s investment was RM7.64 million Within 25 Years Initiative: 1 2 3 Power generat
Slide 9: KIPMart Rebranded as KIPMall
REBRANDING EXERCISE KIPMART REBRANDED AS KIPMALL TO BETTER SERVE OUR COMMUNITIES To serve our communities ▪ New KIPMall logo aims with one-stop shopping to consolidate the umbrella destination concept in group of community-centric suburban area malls into a trusted household name. ▪ Moving forward,
Slide 10: 2. Company Overview
2. COMPANY OVERVIEW )\
Slide 11: Brief Company Overview - Recap
BRIEF COMPANY OVERVIEW - RECAP KIPMall Bangi Estimated market value: RM134.5m LA: 260,046 sq ft Characteristics of KIP REIT: Perlis KIPMall Senawang ▪ All of KIP REIT’s properties are strategically located in suburbs and mainly concentrated in residential, commercial and industrial areas Estimated m
Slide 12: Portfolio Occupancy Rate
PORTFOLIO OCCUPANCY RATE Improved Occupancy Rate Average Occupancy Rate Property FY2017 FY2018 FY2019 KIPMall Tampoi 94.00% 96.17% 97.65% KIPMall Kota Tinggi 93.90% 92.84% 91.29% KIPMall Masai 89.80% 94.72% 93.66% KIPMall Senawang 77.70% 80.62% 79.54% KIPMall Melaka 75.40% 69.10% 80.60% KIPMall Bang
Slide 13: 3. Moving Forward
3. MOVING FORWARD
Slide 14: Moving Forward
MOVING FORWARD 1. Asset Enhancement Initiative • Provide sustainable income growth and capital value-add to our Perlis properties • Reduce our carbon footprint, as part of our sustainability efforts KIPMall Kedah • Enhance shopper experience at our properties Sungai Petani Pulau Pinang KIPMall Kelan
Slide 15: 4. Appendix
4. APPENDIX
Slide 16: Asset Portfolio: KIPMall Tampoi
ASSET PORTFOLIO Lot PTD 152711, Jalan Titiwangsa 1, Taman Tampoi Address / Location Indah, 81200 Johor Bahru KIPMall - TAMPOI Property type Retail centre Description Single-story retail centre with a mezzanine floor Tenure 99 years Age of property 15 years Land area 452,191 sq ft (approx. 10.38 acre
Slide 17: Asset Portfolio: KIPMall Kota Tinggi
ASSET PORTFOLIO Address / Location No 1, Jalan Maju, 81900 Kota Tinggi, Johor Darul Takim Property Type Retail centre KIPMall – KOTA TINGGI Description Single-story retail centre with a mezzanine floor Tenure Freehold Age of Property 11 years Land area 168,111 sq ft (approx. 3.86 acres) Lettable Are
Slide 18: Asset Portfolio: KIPMall Masai
ASSET PORTFOLIO KIPMall Masai, Jalan Persiaran Dahlia 2, Taman Bukit Address / Location Dahlia, 81700 Pasir Gudang, Johor KIPMall - MASAI Property Type Retail centre Description Single-story retail centre with a mezzanine floor Tenure 99 years Age of Property 8 years Land Area 472,757 sq ft (approx.
Slide 19: Asset Portfolio: KIPMall Senawang
ASSET PORTFOLIO No. 1, Jalan KLS 1, Lavender Heights, 70450 Seremban, Address / Location Negeri Sembilan Darul Khusus KIPMall – SENAWANG Property Type Retail centre Description Single-story retail centre with a mezzanine floor Tenure Freehold Age of Property 6 years Land area 438,414 sq ft (approx.
Slide 20: Asset Portfolio: KIPMall Melaka
ASSET PORTFOLIO No. 8999, Jalan Tun Fatimah, Batu Berendam, 75350 Address / Location Melaka KIPMall - MELAKA Property Type Retail centre Description Two-story retail centre Tenure 99 years Age of Property 5 years Land area 380,310 sq ft (approx. 8.73 acres) Lettable Area 186,064 sq ft Market Value a
Slide 21: Asset Portfolio: KIPMall Bangi
ASSET PORTFOLIO Address / Location No. 1, Jalan Medan Bangi, 43650 Bangi, Selangor KIPMall - BANGI Property Type Shopping Centre Description Five-story shopping centre with a mezzanine floor Tenure 99 years Age of Property 19 years Land Area 92,817 sq ft (approx. 2.13 acres) Lettable Area 260,046 sq
Slide 22: Asset Portfolio: AEON Mall Kinta City
ASSET PORTFOLIO 2, Jalan Teh Lean Swee, Taman Ipoh Selatan, 31400 Ipoh, Address / Location Perak AEON MALL KINTA CITY (NEW ACQUISITION) Property Type Shopping Centre Description Four-story shopping centre Tenure Freehold Age of Property 21 years Land Area 648,310 sq ft (approx. 15 acres) Lettable Ar
Slide 23: Share Price Performance
SHARE PRICE KIP REIT PERFORMANCE 3 April 2019: FBM KLCI UNITHOLDERS APPROVED THE PROPOSED KIP REIT ACQUISITION OF AEON MALL KINTA CITY AT THE EGM VOLUME 28 August 2018: ANNOUNCEMENT OF PROPOSED ACQUISITION OF AEON MALL KINTA CITY 18 Apr 2019: 15 Oct 2018: 3Q19 THIRD INTERIM INCOME 1Q19 FIRST INTERIM
Slide 24: Management Fee Structure Deliver Cost Savings
MANAGEMENT FEE STRUCTURE DELIVER COST SAVINGS Allowed - Trust Deed Forecasted (per prospectus) Charged REVIEW YEAR Base fee Performance Fee Base fee Performance Fee Base fee Performance Fee FP17 1% 5% 0.4% 1% 0.3% 1% FY18 1% 5% 0.5% 1% 0.3% 1% FY19 - - - - 0.6% 1% Total Savings Forecasted Charged (R
Slide 25: Thank You
THANK YOU KIP REAL ESTATE INVESTMENT TRUST Unit B-6, Block B, Tingkat 6, Menara KIP, No.1, Jalan Seri Utara 1, Sri Utara Off Jalan Ipoh, 68100 Kuala Lumpur. Tel : +603 6259 1133 Fax : +603 6258 8919 Email : ir@kipreit.com.my Copyrights © 2019 KIP REIT | All rights reserved 25
Slide 26: Important Notice
IMPORTANT NOTICE This presentation shall be read in conjunction with the financial information of KIP Real Estate Investment Trust (“KIP REIT” or the “REIT”) for the full financial year from 1 July 2018 to 30 June 2019 (“FY 2019”). This presentation may contain forward-looking statements that involv
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