Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — AIMS AMP Capital Industrial REIT — Corporate Update (August 2016)
17 slides from Singapore Exchange's corporate update, Aug 4, 2016
Slide 1: AIMS AMP Capital Industrial REIT: Build-to-suit development for Beyonics
AIMS AMP CAPITAL INDUSTRIAL REIT Build-to-suit development for Beyonics International Pte Ltd at Marsiling Lane, Singapore 4 August 2016 AIMS AMP Capital Industrial REIT
Slide 2: Contents
CONTENTS Proposed Transaction 3 About the tenant - Beyonics 6 Structure of the Transaction 10 Risks and benefits of the Transaction 13 2
Slide 3: Proposed Transaction
>1 PROPOSED TRANSACTION AIMS AMP Capital Industrial REIT 3
Slide 4: Build-to-Suit industrial facility for Beyonics
Build-to-Suit industrial facility for Beyonics >1 AA REIT will be developing a greenfield build-to- suit (“BTS”) industrial facility for a leading strategic manufacturer – Beyonics International Pte Ltd (“Beyonics”). This will be AA REIT’s first third-party greenfield development project outside its
Slide 5: Location of Development
Location of Development >1 • The vacant land is located at the junction Site Information (HDB land) of Marsiling Road and Marsiling Lane, Zone Business 2 within Marsiling Industrial Estate. Marsiling Land Area 8,611.60 sqm Lane Tenure 28 years • It is well served by major arterial Plot Ratio 2.5 roa
Slide 6: About the Tenant - Beyonics
>2 ABOUT THE TENANT - BEYONICS AIMS AMP Capital Industrial REIT 6
Slide 7: About Beyonics International Pte Ltd
About Beyonics International Pte Ltd >2 Beyonics is a precision parts and product manufacturing business providing precision metal stamping, innovative mold design and fabrication capabilities, leading precision plastic injection molding, aluminium die casting and machining, electronics sub-assembly
Slide 8: Beyonics' Businesses
Beyonics’ Businesses >2 Beyonics Medicals Automotives Industrials Supplies precision parts Provides precision parts and Delivers highly responsive and high value product Customised Interconnect Electronics Manufacturing solutions to the world’s Solutions to seven of the top Solutions to leading lead
Slide 9: Beyonics New Global Headquarters in Singapore
Beyonics New Global Headquarters in Singapore Greenfield campus will showcase integrated precision engineering solutions >2 Beyonics’ new Singapore campus is being developed from the ground-up to serve as a fully integrated engineering and manufacturing facility across all of Beyonics service lines.
Slide 10: Structure of the Transaction
STRUCTURE OF THE >3 TRANSACTION AIMS AMP Capital Industrial REIT 10
Slide 11: Structure of the Transaction
Structure of the Transaction >3 Key Terms of the Transaction Master Tenant Beyonics International Pte Ltd Master Lease Terms 10 years master lease on the entire property with annual rent escalation Option to renew 5 + 5 years Annual Rental Income S$3.5 million (Year 1) Proposed development 5-storey
Slide 12: Summary Estimated Financials
Summary Estimated Financials >3 S$ million 1 Gross development value upon completion1 42.9 2 Project development cost (including land cost) (39.4) 3 Profit 3.5 4 Profit margin 8.9% 5 Net property income yield 8.9% (based on development cost) 6 DPU impact per annum2 +0.30 cents 7 Pro forma leverage3
Slide 13: Risks and Benefits of the Transaction
RISKS AND BENEFITS OF THE >4 TRANSACTION AIMS AMP Capital Industrial REIT 13
Slide 14: Mitigation of Risks
Mitigation of Risks >4 • Fixed price turnkey design and construct contract Development risk • Liquidated damages for delay based on loss in rental income • Master leased to Beyonics that guarantees income upon completion Leasing risk • Security deposit of 12 months upon lease commencement • Funding
Slide 15: Benefits of the Redevelopment
Benefits of the Redevelopment >4 1 2 AA REIT’s first third-party Demonstrates AA greenfield REIT’s ability to tap development different growth project opportunities Yield accretive Master leased development aa to a quality 5 with risks tenant to 3 substantially ensure mitigated and stability of prov
Slide 16: Impact of the development
Impact of the development (Pro forma based on 30 Jun 16 gross rental income) >4 Pre-development Post-development Manufacturing 10.4% Industrial 11.7% Business Park Hi-Tech Space 7.1% Cargo lift 19.8% warehouse Cargo lift 19.4% Warehouse Hi Tech Space 20.1% 7.3% Business Park Manufacturing 19.2% Ramp
Slide 17: Thank you
Thank you For enquiries, kindly contact: AIMS AMP Capital Industrial REIT Management Limited Koh Wee Lih Joanne Loh Chief Executive Officer Assistant Fund Manager Tel: + 65 6309 1050 Tel: + 65 6309 1057 Email: wlkoh@aimsampcapital.com Email: jloh@aimsampcapital.com AIMS AMP Capital Industrial REIT
AIMS AMP Capital Industrial REIT — Corporate Update (August 2016) on 6ix