Aims Apac Reit · SGX:O5RU
Aims Apac Reit — Shareholder Meeting (July 2022)
30 slides from Aims Apac Reit's shareholder meeting presentation, Jul 26, 2022
Slide 1: AIMS APAC REIT 13th Annual General Meeting
Woolworths Headquarters, Australia AIMS APAC REIT 13th Annual General Meeting 26 July 2022, 2.00 p.m. by electronic means
Slide 2: Important Notice
Important Notice Disclaimer This Presentation is focused on comparing the financial results for the financial period from 1 April 2021 to 31 March 2022 (“FY2022”) versus financial results year-on-year (“y- o-y”). This Presentation shall be read in conjunction with AIMS APAC REIT’s (“AA REIT” or the
Slide 3: Agenda
Agenda 4 Our Growth Path & Strategy 7 FY2022 Highlights 13 Portfolio Highlights 19 ESG Focus 21 Substantial Q&A 23 Resolutions Optus Centre, Australia
Slide 4: Our Growth Path & Strategy
OUR GROWTH PATH & STRATEGY 20 Gul Way, Singapore
Slide 5: 10-Year Growth Path
10-Year Growth Path Demonstrated strong AUM Growth, supported by asset enhancement initiatives and acquisitions Total Portfolio Value (S$'billion)1 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 2.268 1.725 1.373 1.438 1.443 1.445 1.451 1.458 1.527 1.045 AEI / Development 20 G
Slide 6: Our Strategy
Our Strategy The 4 strategic pillars guides our day-to-day execution and long-term planning and vision Accretive Investments & Developments Active Asset Management Pursue accretive investments and build-to-suit Active asset and lease management. development opportunities in Singapore and Australia C
Slide 7: FY2022 Highlights
FY2022 HIGHLIGHTS 29 Woodlands Industrial Park E1, Singapore
Slide 8: Transformative Acquisition in FY2022
Transformative Acquisition in FY2022 1 Woolworths Way, Sydney, New South Wales Purchase Consideration1 A$463.25 million (S$454.0 million) Total Acquisition Cost A$494.25 million (S$484.4 million) Land Tenure Freehold Land Area 90,010 sqm Net Lettable Area 44,972 sqm Master Tenant Woolworths Group Li
Slide 9: Long-term Tenant Partnership
Long-term Tenant Partnership Building relationship with Illumina Singapore Pte. Ltd. (“Illumina”) at NorthTech, Singapore Executed 10-year renewal lease with Illumina, Property Details a leading global life science tenant Valuation (as at 31 March 2022) S$128.0 million Land Tenure Leasehold Land Are
Slide 10: FY2022 Financial Highlights
FY2022 Financial Highlights Delivered strong results despite COVID-19 challenges Gross Revenue (S$'000) Net Property Income (S$'000) + 16.1% + 17.9% 122,633 142,390 103,185 87,532 FY2021 FY2022 FY2021 FY2022 Distributable Income (S$'000) DPU (cents) + 6.3% + 5.7% 63,247 67,247 9.46 8.95 FY2021 FY202
Slide 11: Portfolio Highlights
Portfolio Highlights High-quality, well-diversified portfolio As at 31 March 2021 2022 Δ Y-o-Y 26 properties located in Singapore Total Assets S$1,847m S$2,404m +30.2% Portfolio 95.4% 97.6% +2.2 ppt Occupancy Singapore Weighted Average 3.95 years 5.05 years +1.1 Lease Expiry Weighted Average 45.5 ye
Slide 12: Prudent Capital Management
Prudent Capital Management Healthy financial metrics and strong liquidity position • Entered into 2 new bank facilities in October 2021 and May • S$250 million 5.375% perpetual securities issued 2022, extending debt maturity tranches by 4 and 5 years, at in September 2021 to partially fund the compe
Slide 13: Portfolio Highlights
PORTFOLIO HIGHLIGHTS Woolworths Headquarters, Australia
Slide 14: Diversified Portfolio
Diversified Portfolio Increased contribution from Freehold Business Parks in Australia • Anchored by Australian business parks and Singapore Portfolio Breakdown by Geography5 logistics & warehouse assets Australia (Freehold) 39.5% Singapore (Leasehold) Growth in Portfolio Value 21.8% FY2021 + 31.5%
Slide 15: Lease Expiry Profile
Lease Expiry Profile A well staggered lease expiry profile, providing stability of income • Long WALE - 5.05 years • Successfully executed new and renewal leases - 27.1% of total NLA in FY2022 • Well-spread lease expiry profile, with no more than 22.7% of leases expiring each year in the next 5 year
Slide 16: High Occupancy Rate
High Occupancy Rate Consistently above industrial average1, despite pandemic-related disruptions 97.3% 97.6% 97.6% 95.4% 95.7% 95.4% 95.4% 93.6% 89.9% 90.0% 90.2% 90.2% 90.2% 89.4% 89.6% 89.8% 89.4% 89.2% 4Q FY2020 1Q FY2021 2Q FY2021 3Q FY2021 4Q FY2021 1Q FY2022 2Q FY2022 3Q FY2022 4Q FY2022 AA RE
Slide 17: Quality Tenant Base
Quality Tenant Base Our top 10 tenants comprise leading global, regional and local companies in their respective sectors Largest supermarket retailer in Australia (Top 20 ASX company by 16.1% market capitalisation) Australian subsidiary of Singtel, Asia’s leading telecommunications 11.6% group (Top
Slide 18: Diversified Tenant Industry Base
Diversified Tenant Industry Base Diversified portfolio of 199 tenants in 22 trade sectors ensures cash flow resilience Telecommunication, 12.2% Engineering , 9.6% Biotech / Life Sciences, Supermarket / 6.8% Retail, 16.1% Consumer products, 4.9% Pharmaceutical/Healthcare/Cosmetics, 3.9% Fashion and A
Slide 19: ESG Focus
ESG FOCUS 3 Tuas Avenue 2, Singapore
Slide 20: ESG Practices
ESG Practices Achievements in FY2022 Environment Social Governance • 1A International Business Park: • Community engagements: Packed • Governance Index for Trusts Awarded BCA Green Mark Gold and distributed food bundles to (GIFT) 2021: AA REIT ranked Award1 households in partnership with The joint-1
Slide 21: Substantial Q&A
SUBSTANTIAL Q&A 1 Bukit Batok St 22, Singapore
Slide 22: Substantial Q&A
Substantial Q&A With the rising interest rate environment in Australia, how will this impact the three Australian assets in terms of the loans and the exchange rate? The 3 Australian investments comprise 39.5% of AA REIT’s portfolio by valuation and are leased to high quality master tenants operatin
Slide 23: Resolutions
RESOLUTIONS 3 Tuas Ave 2, Singapore
Slide 24: Ordinary Resolution 1
Ordinary Resolution 1 To receive and adopt the Trustee’s Report, the Manager’s Statement, the Audited Financial Statements of AA REIT for the financial year ended 31 March 2022 and the Auditors’ Report thereon. 24
Slide 25: Ordinary Resolution 1 Results
Ordinary Resolution 1 Results To receive and adopt the Trustee’s Report, the Manager’s Statement, the Audited Financial Statements of AA REIT for the financial year ended 31 March 2022 and the Auditors’ Report thereon. No. of Votes Percentage For 322,156,694 99.98% Against 49,460 0.02% 25
Slide 26: Ordinary Resolution 2
Ordinary Resolution 2 To re-appoint KPMG LLP as Auditors and authorise the Manager to determine the Auditors’ remuneration. 26
Slide 27: Ordinary Resolution 2 Results
Ordinary Resolution 2 Results To re-appoint KPMG LLP as Auditors and authorise the Manager to determine the Auditors’ remuneration. No. of Votes Percentage For 318,863,954 98.87% Against 3,649,900 1.13% 27
Slide 28: Ordinary Resolution 3
Ordinary Resolution 3 To authorise the Manager to issue Units and to make or grant convertible instruments. 28
Slide 29: Ordinary Resolution 3 Results
Ordinary Resolution 3 Results To authorise the Manager to issue Units and to make or grant convertible instruments. No. of Votes Percentage For 174,968,707 76.21% Against 54,621,214 23.79% 29
Slide 30: Thank You
THANK YOU For enquiries, kindly contact: Phone Number: +65 6309 1063 / +65 6534 5122 Email Address: investorrelations@aimsapac.com / AAREIT@citigatedewerogerson.com 51 Marsiling Road, Singapore