Aims Property Securities Fund · ASX:APW
Aims Property Securities Fund — FY2014 Earnings Presentation
13 slides from Aims Property Securities Fund's earnings presentation, Aug 29, 2014
Slide 1: Annual Results Presentation
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 2014 1
Slide 2: Content
Content For personal use only • Review of financial year 2013/14 • Fund comparison to prior year • Financial position of the Fund • NTA Reconciliation • Distribution & Buy-Back • Litigation • Significant Portfolio Events • Fund Strategy • Portfolio Analysis • Investment Portfolio • Disclaimer 2
Slide 3: Review of Financial Year 2013/14
Review of Financial Year 2013/14 For personal use only • The Australian economy recorded growth around 2.5% in FY2013/14 compared to long term average of 3.25%. • This has resulted in lower consumer spending and business investment however dwelling starts, retail sales, asset prices and confidence h
Slide 4: Fund Comparison to Prior Year
Fund Comparison to Prior Year For personal use only 30 June 2014 30 June 2013 Operating profit/(loss) 22.392 million ($2.0) million ASX Closing Unit Price $0.11 $0.067 52 Week Hi/Low Unit Price $0.11/$0.07 $0.0801/$0.034 Number of Units on Issue 455,658,183 506,286,870 NTA per Unit 16.83 cents 11.66
Slide 5: Financial Position of the Fund
Financial Position of the Fund Capitalisation Metrics Income Statement ($’000) (as at 30 June 2014) For personal use only Closing Unit Price (26 August 2014) $0.125 Distribution income 2,946 x Units on Issue 455.658m Interest income 284 Equity Market Capitalisation $56.957m Change in fair value of 5
Slide 6: NTA Reconciliation
NTA Reconciliation For personal use only 46.7% increase in NTA per unit since 30 June 2013 $0.18 17.10 0.61 16.83 $0.17 1.24 $0.16 3.36 $0.15 $0.14 $0.13 11.66 $0.12 $0.11 $0.10 NTA at 30 Impact of Impact of Change in NTA at 30 NTA at 26 June 2013 TFML 10% Buy Net Asset June 2014 Aug 2014 Litigation
Slide 7: Distributions & Buy Back
Distributions & Buy Back For personal use only Distributions •The Responsible Entity announced the following distributions during the financial year: – December Distribution of approximately $756,000 or 0.15 cents per unit comprising: – Income distribution of 0.099 cents per unit; and – Special dist
Slide 8: Litigation
Litigation For personal use only Pelorus litigation •The litigation brought about by Pelorus Private Equity Limited (Pelorus) against APW and the Responsible Entity was settled between the parties on 6 May 2014; •The settlement provided for the proceedings to be dismissed with each party bearing its
Slide 9: Significant Portfolio Events
Significant Portfolio Events For personal use only • 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 Kil
Slide 10: Fund's Strategy
Fund’s Strategy For personal use only Over the past few years the Fund’s strategy has been focused mainly on: Becoming a debt free vehicle; Redeeming investments whenever possible; Disposing of non-performing investments; Reinstating regular income distributions; and Winning the TFML lit
Slide 11: Portfolio Analysis
Portfolio Analysis For personal use only Portfolio by Asset Portfolio by Sector Portfolio by Manager Portfolio by Region 11
Slide 12: Investment Portfolio – as at June 2014
Investment Portfolio – as at 30 June 2014 For personal use only 12
Slide 13: 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
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