Aims Property Securities Fund · ASX:APW
Aims Property Securities Fund — Investor Presentation (November 2014)
18 slides from Aims Property Securities Fund's investor presentation, Nov 21, 2014
Slide 1: AIMS Property Securities Fund Investor Update
For personal use only AIMS Property Securities Fund Investor Update
Slide 2: Overview
For personal use only Overview Portfolio by Asset Allocation Portfolio by Sector Diversification 17% Office 31% 4% 40% Unlisted Property Retail Listed Industrial Cash & Receivables 19% 57% Healthcare Childcare 28% 4% Portfolio by Geographic Diversification Portfolio by Manager Allocation 1% 2% NSW 5
Slide 3: EPU rose and Distributions recommenced under AIMS
EPU rose and Distributions recommenced under AIMS For personal use only AIMS Property Securities Fund Fund returned to being EPU positive in 2014 3.80 4.0 2.0 2.16 0.0 2009 2010 2011 2012 2013 2014 (0.40) -2.0 (2.38) (2.33) -4.0 (5.18) -6.0 Under Previous Manager 3 Under AIMS
Slide 4: Market Capitalisation since 2009
For personal use only Market Capitalisation since 2009 Market Capitalisation ($’000) has increased 262% under AIMS1,2,3 60,000 52,401 50,000 40,000 35,563 30,000 22,455 20,022 18,745 20,000 18,148 10,000 0 2009 2010 2011 2012 2013 2014 Notes 1. The Fund issued 13.25 millions at 7.55 cents per unit t
Slide 5: Cumulative Unit Price Growth since 2009
For personal use only AIMS Property Securities Fund Cumulative Unit Price Growth since 20091 211.4% 200% 150% 100% 85.6% 50% 7.1% 0% 2009 2010 2011 2012 2013 -12.7% -50% -38.2% Notes Under Previous Manager 1. Cumulative Unit Price Growth is calculated on the assumption that investors fully subscribe
Slide 6: Current Investment Portfolio
For personal use only Current Investment Portfolio Fund 30-Jun-14 17-Nov-14 APN Champion Retail Fund 8,000,000 $0.00 $0 $0.00 $0 APN/UKA Poland Retail Fund 7,000,000 $0.00 $0 $0.00 $0 Arena Office Fund 5,000,000 $0.65 $3,257,000 $0.69 $3,455,000 AIMS Property Fund (St Kilda Rd) 22,491,375 $0.27 $6,0
Slide 7: Significant Portfolio Events
For personal use only Significant Portfolio Events Unlisted Property Securities – The Fund received a final cash distribution from APGF Real Estate Investment Trust of $395,020 or 37.0 cents per unit following the wind up of the trust – The Fund increased its holding in AIMS Property Fund (St Kilda
Slide 8: Balance Sheet
For personal use only Balance Sheet Audited Figures as at 30 Unaudited Figures as at 17 June 2014 November 2014 Current Assets Cash and cash equivalents 18,757 33,269 Trade and other receivables 854 497 Financial assets held at fair value through the profit and loss 4,937 - Total Current Assets 24,5
Slide 9: NTA Reconciliation
For personal use only NTA Reconciliation NTA has increased 55% since 30 June 2013 20 18 1.85 16 1.24 14 3.36 18.12 12 16.26 15.02 10 11.66 11.66 8 NTA at 30 June 2013 Impact of TFML Impact of 10% Buy Change in Net Asset NTA at 17 November Litigation Back Value 2014 9
Slide 10: Fund Strategy
For personal use only Fund Strategy The Responsible Entity of the Fund intends to continue to redeem investments in externally managed funds wherever possible The Responsible Entity of the Fund intends to make cornerstone investments in new AIMS managed investment vehicles The Responsible Entity of
Slide 11: AIMS Property Fund (St Kilda Rd)
For personal use only AIMS Property Fund (St Kilda Rd)
Slide 12: Overview
For personal use only Overview 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 approximat
Slide 13: Gearing
For personal use only Gearing AIMS reduced LVR to 37.1%1,2 80% >4.2% margin 75.5% 60% 60.0% 51.7% 40% 37.1% 1.5% margin 20% 2004 2012 2013 2014 Notes Under Previous Manager 1. The Fund’s LVR is based on debt of $12.8 million divided by Property Price of $34.5 million = 37.1% 13 Under AIMS 2. The Fun
Slide 14: Distributions
For personal use only Distributions 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 Notes 14 Under AIMS 1. Distribution Yield payable on New Units at an annualised rate of 8.5% up to 31 December 2015
Slide 15: Property Price
For personal use only Property Price Property Price increased 37.5% under AIMS 40,000 35,000 34,500 31,500 30,000 25,100 1 25,000 25,000 20,000 2004 2012 2013 2014 Under Previous Manager Under AIMS Notes 15 1. In November 2012, the Fund received offers from $23.0 million to $24.0 million resulting f
Slide 16: Debt/Equity Mix
For personal use only Debt/Equity Mix Equity Value increased by 78.6% under AIMS1 40,000 35,000 30,000 25,000 12,600 21,701 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
Slide 17: No. of Units & Acquisition Price per Unit
For personal use only No. of Units (% interest in the fund) & Acquisition Price per Unit Unrealised capital gain of 5.5% under AIMS (‘000) 1.0 $1.000 18,991 (49.9%) 20,000 16,961 (87.5%) 18,000 0.8 16,000 14,000 0.6 12,000 $0.472 10,000 0.4 8,000 $0.245 6,000 0.2 3,500 (18.95%) 4,000 2,000 0.0 - 200
Slide 18: Disclaimer
For personal use only Disclaimer 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
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