IMPACT Growth Real Estate Investment Trust · SET:IMPACT
IMPACT Growth Real Estate Investment Trust — Opportunity Day 2015
29 slides from IMPACT Growth Real Estate Investment Trust's conference presentation, Jun 17, 2015
Slide 1: IMPACT Growth REIT Opportunity Day 2015
IMPACT IMPACTGrowth GrowthREIT REIT Opportunity Day 2015 Investor Presentation 17 June 2015 @ SET Page 1 REIT Manager
Slide 2: Content
Content • IMPACT Growth REIT Overview • Operation & Financial • 2015/2016 Business Plan • Prospected new asset Page 2
Slide 3: Bangkok Land Overview
Bangkok Land Overview Bangkok Land Public Company Limited (“BLand”) is a leading property development and holding company in Thailand with established track record in the development of large-scale self-contained community projects including Muang Thong Thani Chaengwattana and Muang Thong Thani Bang
Slide 4: IMPACT Growth REIT Structure
IMPACT Growth REIT Structure Public Trust Holders Trust Trust Certificates Certificates Lenders REIT Manager Manage the Trustee fee REIT IMPACT Trustee RMI Company GROWTH Limited Management REIT Monitor the REIT fee Appoint IMPACT as property manager Freehold ownership Manage an Property Manager ope
Slide 5: IMPACT Growth REIT Summary
IMPACT Growth REIT Summary REIT Name IMPACT Growth Real Estate Investment Trust (“IMPACT”) REIT acquired Freehold Assets of Impact Muangthong Thani Project including Land, building and utilities system of IMPACT Arena Investment Assets Land, building and utilities systems of IMPACT Exhibition Ce
Slide 6: Strategic Location
Strategic Location Strategic Location suitable for MICE businesses IMPACT Exhibition Hall 5-8 IMPACT Forum IMPACT Exhibition Hall 1-4 IMPACT Arena IMPACT Challenger Page 6
Slide 7: Assets Overview
4 Assets Overview IMPACT Growth REIT invested in 4 unique exhibition and convention asset including : Investment in Properties in fair value • IMPACT Arena, a 4,000 sq.m. arena with 11,000 seating capacity suitable for large scale event and concert • IMPACT Challenger, 3 interconnected halls with a
Slide 8: IMPACT Growth REIT Freehold Ownership in Initial Assets
IMPACT Growth REIT Freehold Ownership in Initial Assets All of the four assets comprise IMPACT Muang Thong Thani : The Largest Exhibition and Convention Center in ASEAN 1 IMPACT 2 IMPACT ARENA EXHIBITION Center Land covering the area of approximately 76 Rai (same Land covering the area of approximat
Slide 9: High Experience of Property Manager
High Experience of Property Manager 1998 2000 2003 2006 2014 Raise fund through REIT for future expansion With more than 15 years of ARENA FORUM HALL 5-8 CHALLENGER expertise in managing exhibition “IMPACT has managed the properties since its inception and continuously center, the excellent service
Slide 10: IMPACT Growth REIT Revenue Structure
IMPACT Growth REIT Revenue Structure 1 Exhibition Venue Service Meetings Incentives & Parties Conventions Exhibitions Concerts & Events 2 Long-term Rent 2 Long-term Rent 3 F&B Right Fee 4 Media Space 5 Parking Fee to IMPACT Right Fee IMPACT Growth REIT receives revenue from many sources of income Pa
Slide 11: Operations & Financials
Operations & Financials Page 11
Slide 12: Occupancy Rate
Occupancy Rate Occupancy Rate (%) IMPACT Arena IMPACT Exhibition Hall 1-8 (+37.4%)YoY (+19.2%)YoY 100% 2014/15 100% 2014/15 80% 61% 80% 51% 60% 58% 2013/14 60% 56% 55% 2013/14 41% 60% 49% 44% 37% 40% 29% 41% 40% 20% 20% 0% 0% 3Q 4Q 2H 3Q 4Q 2H IMPACT Challenger IMPACT Forum (-11.6%)YoY (-2.8%)YoY 10
Slide 13: Customer Segment
Customer Segment Each asset serves 3 main groups of customers; Public Sector, Domestic Private Sector and International Private Sector. The proportion of asset’s revenue contributed by each type of customers are shown in the graphs below. International Private Sector Domestic Private Sector Public S
Slide 14: Sep-Dec'14 Performance
Sep-Dec’14 Performance Impact Growth Real Estate Investment Trust Statement of income (For the period as from 22 Sep'14 (date of incorporation Revenue Structure to 31 Mar’15) 2% Investment income Mil. Baht Venue Sale Service income 1,109.73 6% 8% Interest income 1.66 Other income 2.87 F&B Right fee
Slide 15: Historical Venue Sales by Assets
Historical Venue Sales by Assets Hall 1-8 and Challenger are IMPACT’s key revenue drivers Million (Baht) 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2010/2011 2010/2011 2011/2012 2011/2012 2012/2013 2012/2013 2013/2014 2013/2014 2H’2014/15 2H'2014/15 IMPACT Challenger IMPACT Exhibition IMPACT Ar
Slide 16: Sep-Dec'14 Performance
Sep-Dec’14 Performance IMPACT Growth Real Estate Investment Trust Distribution Summary Balance Sheet As at 31 December 2014 (Unit: Mil. Baht) • 2014/2015 Dividend (22 Sep- 31 Mar’15) Asset • DPU of THB 0.42 from Net Profit and cash adjustment Investments in properties at fair value 19,603.00 (At cos
Slide 17: IMPACT Growth REIT Prudent Capital Structure
IMPACT Growth REIT Prudent Capital Structure Details of IMPACT Growth REIT debt structure Two long-term debts tranches based on floating interest rate Tranche 1: Acquisition Tranche of up to Tranche 2: Maintenance Tranche of up to THB 200 Million THB 3,900 Million To fund the acquisition of IMPACT
Slide 18: Unit price Information
Unit price Information Unit price VS SET Unitholdes’s structure (as at end of Feb’15) Baht Point 10.8 1,700 10.7 24% 10.6 10.5 1,600 0% 10.4 10.3 50% 1,500 10.2 26% 10.1 10 1,400 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 IMPACT SET IMPACT Local Insitution Foreign Institution Retail Vol
Slide 19: 2015/2016 Business Plan
2015/2016 Business Plan Page 19
Slide 20: 2015/2016 Target
2015/2016 Target Key Growth 2014/2015 2015/2016 (+/-) % Number of events 830 938 +13% Occupancy Rate 50% 58-60% +20% Page 20
Slide 21: 2015/2016 Financial Target
2015/2016 Financial Target Key Growth 2015/2016B Revenue: (mil.Bt) Exhibition Venue Service 1,880 F&B Rights Fee & Media Space Rental 130 Service / Long Term Rental Income 110 Parking income 51 Total revenue from service 2,172 2015/2016 Key Financial Ratio Gross Profit Margin 84.6% EBITDA Margin 69.
Slide 22: Prospected new assets
Prospected new assets Page 22
Slide 23: Prospected New Assets
Prospected New Assets Novotel Bangkok IMPACT Bee Hive Community mall 4 star hotel adjacent to IMPACT Life Style Community Mall near Challenger and Forum IMPACT 380 rooms with 77% Occupancy 8,953 sq.m. with95% Occupancy Rate, THB1,735 ARR Rate Expected annual revenue at THB Rental rate adjusted 15% e
Slide 24: Q&A
Se EINIRe — 7 THONG THANI MUANG THONG THAN! J | THONG THANI I Q&A
Slide 25: Appendix
Se EINIRe — 7 THONG THANI MUANG THONG THAN! J | THONG THANI I Appendix
Slide 26: Royal Jubilee
Royal Jubilee Page 26
Slide 27: Jupiter Function Room 4-16
Jupiter Function Room 4-16 Page 27
Slide 28: Sapphire Function rooms
Sapphire Function rooms Page 28
Slide 29: Phoenix Function rooms
Phoenix Function rooms Page 29
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