Axis Real Estate Investment Trust · MYX:AXREIT
Axis Real Estate Investment Trust — Q4 2013 Earnings Presentation
97 slides from Axis Real Estate Investment Trust's earnings presentation, Jan 21, 2014
Slide 1: Media Briefing 4Q 2013 Results
Axis REIT Managers Berhad Media Briefing 4Q 2013 Results Westin KL, 21st January 2014
Slide 2: Highlights for 4Q 2013
a Highlights for 4Q 2013
Slide 3: Highlights YTD 4Q 2013
a 2013 Highlights YTD 4Q Finance Report Net Revaluation Unitholders Income Gain Funds +7.9% RM 27.2 >RM 1 Million Billion Disposal of Axis Plaza Premium to For RM 34 million DPU – 18.5 sen NAV Gain in DPU for 2014 31.88% 2.37 sen 3
Slide 4: Other Milestones
a Other Milestones Finance Report Successfully launched our 2nd Sukuk of RM155 million in August 2013. Portfolio occupancy maintained at 94.87% in 2013 despite Axis Business Campus being vacated for enhancement. Strong rent reversions in a difficult market. Completion of Axis Business Campus
Slide 5: Other Milestones: APREA Best Practices Award
a Other Milestones Winner of the APREA Best Practices Award 2013. 5
Slide 6: Return Comparables
a Return Comparables Finance Report OPR 3.0% Saving Deposit Rate 2.3% 12 Months FD Rate 3.1% 10-yr MGS 4.1% EPF Dividend Return 6.0% Axis-REIT Distribution Yield 6.3% Axis-REIT Total Return -0.5% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 6
Slide 7: Our Strategy
Our Strategy a Finance Report Targeting Growth in our asset class To build on our SUKUK presence in the market. To continue to improve on our capital management. Continue to enhance existing assets to drive value and income Trading of assets to reward our Unitholders Continue to Practice B
Slide 8: Axis-REIT Financial Report as of December 2013
a Axis- REIT Financial Report as of 31 December 2013
Slide 9: A Quick Snapshot
a A Quick Snapshot Finance Report YTD 4Q 2013 Total Net Income (RM' 000) 111,281 Income Available for Distribution ("Realised") (RM' 000) 84,942 Earnings per Unit ("EPU") ("Realised") (Sen) 18.46 Income Distribution Declared (RM'000) 84,903 Distribution per Unit* ("DPU") (Sen) 18.50 Number of Invest
Slide 10: Statement of Financial Position
a Statement of Financial Position Finance Report 31/12/13 31/12/12 RM’000 RM’000 Changes Non-current Assets Investment Properties 1,543,248 1,519,519 + 23,729 Equipment 2,407 521 + 1,886 1,545,655 1,520,040 Current Assets Receivables, deposits and 4,045 prepayments 26,598 - 22,553 Current tax asset
Slide 11: Statement of Financial Position
a Statement of Financial Position Finance Report 31/12/13 31/12/12 RM’000 RM’000 Changes Non-current liabilities Tenants’ deposits 24,936 26,700 - 1,764 Financing 263,914 208,424 + 55,490 288,850 235,124 Current liabilities Payables and accruals 34,943 23,718 + 11,225 Financing 264,090 340,861 - 76,
Slide 12: Statement of Financial Position: Investment properties
a Statement of Financial Position Finance Report i) Investment properties 2013 2012 RM'000 RM'000 Changes As at 1/1/2013 1,519,519 1,276,180 + 243,339 Enhancement cost incurred 28,523 18,123 + 10,400 Change in fair value 27,206 24,064 + 3,142 Acquisitions - 223,152 - 223,152 Reclassification of Axis
Slide 13: Statement of Financial Position: Receivables
a Statement of Financial Position Finance Report ii) Receivables, deposits and prepayments Trade receivables – RM1,072,000 (reduced by 63%) The average collection for year 2013 has improved considerably as shown below: For Period Ended Avg. Collection Period (in days) 31-DEC-12 8 31-MAR-13 7 30-JUN-
Slide 14: Statement of Financial Position: Cash
a Statement of Financial Position Finance Report iii) Cash and cash equivalents 2013 2012 RM'000 RM'000 Changes Cash and bank balances 10,617 4,372 + 6,245 Islamic deposits placed with licensed banks 24,206 38,244 - 14,038 34,823 42,616 - 7,793 14
Slide 15: Unitholders' Capital: Equity Placements
a Statement of Financial Position Finance Report iv) Unitholders’ Capital – RM750,966,000 a) Increases via Equity Placement Exercises Since the Listing of the Fund in year 2005, there have been 4 rounds of equity placements to the market; increasing the unitholders capital of the Fund as follows: Ye
Slide 16: Unitholders' Capital: Income Distribution Reinvestment Plan
a Statement of Financial Position Finance Report iv) Unitholders’ Capital – RM750,966,000 (cont’d.) b) Increase via the Income Distribution Reinvestment Plan (“IDRP”) Since year 2010, the Fund has introduced the IDRP program to provide an option to unitholders to reinvest their income distribution i
Slide 17: Total Assets and Unitholders' Funds
a Total Assets and Unitholders’ Funds Finance Report Total Assets & Unitholders' Funds 1,800.0 1,616.5 1,589.4 1,585.4 1,600.0 The funds raised from equity placements are being injected 1,411.1 1,434.8 1,400.0 into acquiring good quality 1,281.6 1,208.9 1,200.0 properties….. 1,028.6 989.7 1,013.0 95
Slide 18: Total returns to unitholders
a Statement of Financial Position Finance Report iv) Unitholders’ Capital – RM750,966,000 (cont’d.) … resulting in good total returns to unitholders . 280% 241% 240% 200% 106% 160% 119% 122% 120% 56% 45% 79% 80% 134% 30% 36% 40% 77% 63% 16% 49% 20% 0% IPO @ RM1.25 Placement '08 @ RM1.80 Placement '0
Slide 19: Reserves
a Statement of Financial Position Finance Report v) Reserves – RM277,674,000 2013 2012 RM’000 RM’000 Realised reserves available for distribution * 21,355 25,617 Unrealised reserves 256,319 228,659 277,674 254,276 * This represents the 4.70 sen final income distribution 2013 which is payable on 28 F
Slide 20: Financing
a Statement of Financial Position Finance Report vi) Financing – RM528,004,000 2006 2007 2008 2009 2010 2011 2012 2013 Total Borrowings 88,089 209,816 230,456 308,932 416,609 311,338 548,920 528,004 (RM’000) Total Assets (RM’000) 411,781 581,857 726,371 907,745 1,208,897 1,298,431 1,589,408 1,616,52
Slide 21: Gearing Levels
a Statement of Financial Positions Finance Report Gearing Levels Placements Undertaken 45.0% 40.0% 38.2% 36.0% 37.5% 36.1% 35.4% 36.0% 34.5% 34.5% 32.7% 35.0% 33.0% 34.0% 34.2% 33.9% 31.7% 33.1% 32.6% 32.7% 31.2% 31.8% 31.3% 30.0% 30.0% 29.1% 28.8% 26.8% 27.3% 25.0% 25.0% 23.7% 23.5% 24.0% 22.4% 21.
Slide 22: Payables & accruals
a Statement of Financial Position Finance Report vii) Payables & accruals - RM34,943,000 2013 2012 RM'000 RM'000 Changes Trade Trade payables 4,992 1,878 + 3,114 Non-trade Tenants' deposits-payable within 12 months 15,860 12,659 + 3,201 Other payables and accruals 13,725 8,275 + 5,450 Derivative lia
Slide 23: Income Statement 2013 vs 2012
a 2013 vs 2012 Income Statement Finance Report 2013 2012 RM’000 RM’000 Gross revenue 141,314 132,673 Property operating expenses (20,812) (20,125) Net property income 120,502 112,548 Profit income 667 293 Net gain/(loss) on disposal of property - 1,012 Other non-operating expenses (12,805) (11,949)
Slide 24: Income Statement 2013 vs 2012
a 2013 vs 2012 Income Statement Finance Report 2013 2012 RM’000 RM’000 Income before taxation (on performance of properties) 84,527 78,638 DPU (on performance)- sen/ unit 18.50 17.30 Gain on disposal of Kayangan Depot - 1,012 Net income for the year attributable to unitholders 84,527 79,650 DPU (inc
Slide 25: Realised gross revenue
a 2013 vs 2012 Income Statement Finance Report i) Realised gross revenue - RM141,314,000 2013 2012 RM'000 RM'000 Changes Rental income 133,008 126,394 + 6,614 Car park income 5,572 4,284 + 1,288 Other income 2,734 1,995 + 739 141,314 132,673 + 8,641 No. of properties 31 31 Gross revenue is RM8.6 mil
Slide 26: Gross Yield Of Investment Properties
a Gross Yield Of Investment Properties Finance Report 18.00% Average gross yield : 10.55% 16.45% 16.21% 16.00% 14.33% 14.00% 13.67% 13.09% 13.01% 12.23% 11.82% 12.00% 10.55% 11.03% 10.76% 10.82% 11.07% 11.03% 11.23% 10.87% 10.39% 10.68% 9.98% 9.77% 9.96% 10.00% 9.45% 9.33% 8.78% 8.99% 9.02% 8.86% 8.
Slide 27: Property operating expenses
a 2013 vs 2012 Income Statement Finance Report ii) Property operating expenses - RM20,812,000 2013 2012 RM'000 RM'000 Changes Assessment & Quit Rent 4,203 4,096 + 107 Property Manager's Fee & On-site Personnel Cost 5,531 4,872 + 659 Security 1,854 1,729 + 125 Insurance 1,080 934 + 146 Maintenance &
Slide 28: Net Yield Of Investment Properties
a Properties/ Cost Net Yield Of Investment Finance Report 16% Average Net Yield per Property = 9.07% 14% 12% 10% 9.07% 8% 6% 4% 2% 0% 28
Slide 29: Profit income
a 2013 vs 2012 Income Statement Finance Report iii) Profit income - RM667,000 2013 2012 RM'000 RM'000 Changes Profit income 667 293 + 374 The higher profit income mainly came from interest income on Repo placement. 29
Slide 30: Other expenses
a 2013 vs 2012 Income Statement Finance Report iv) Other expenses - RM36,642,000 2013 2012 RM'000 RM'000 Changes Manager’s fees 10,051 9,606 + 445 Trustee’s fees 515 495 + 20 Depreciation 152 55 + 97 Auditors’ fees 114 111 + 3 Tax agent’s fee 26 21 + 5 Allowance for doubtful/bad debts (30) 91 - 121
Slide 31: Other expenses (cont'd)
a 2013 vs 2012 Income Statement Finance Report iv) Other expenses - RM36,642,000 (cont'd.) The increase in other expenses of RM2,439k as compared to previous financial year was mainly due to:- •Manager’s fee and trustee fees are directly related to the NAV of Axis-REIT which improved over the years.
Slide 32: Management Expense Ratio
a Ratio (“MER”) Management Expense Finance Report MER= Total administrative expenses incl. Manager and Trustee’s fees Average net asset value of the Fund. 1,700 10.00 1,617 1,589 1,585 1,600 1,537 1,555 1,500 1,400 1,298 1,300 1,267 1,209 1,200 Total Assets (RM'000) 1,100 % of NAV 1,000 953 908 900
Slide 33: Higher Adjusted Income Before Taxation
a Income Statement Finance Report Higher Adjusted Income Before Taxation/ Income on Core Portfolio 30.00 Adjusted for Distribution: 25.69 25.00 Gain on disposal 21.21 21.32 21.45 RM5.9 20.54 19.86 19.81 mil 20.00 19.21 15.00 10.00 5.00 - 1Q 2012 2Q 2012 3Q 2012 4Q 2012 1Q 2013 2Q 2013 3Q 2013 4Q 201
Slide 34: Final 2013 Income Distribution
a Distribution Final 2013 Income Finance Report 4.70 sen DPU This is based on a 99% payout ratio on Income Available for Distribution (after adding back non-cash items as allowed under the Trust Deed Important dates to remember: Ex-date: 4 February 2014 Entitlement date: 6 February 2014 Payment date
Slide 35: Summary of EPU (Realised) and DPU
a Summary of EPU (Realized) and DPU Finance Report 20.00 18.60 18.60 18.46 18.50 18.00 17.28 17.20 15.77 15.80 16.01 16.00 16.00 15.46 15.27 14.00 13.60 13.63 12.82 12.95 12.00 Sen 10.00 8.00 6.00 4.87 4.70 4.00 2.00 - 2005 2006 2007 2008 2009 2010 2011 2012 YTD 4Q 2013 EPU (realised) DPU 35
Slide 36: Report on Revaluation of properties
a Report on Revaluation of properties
Slide 37: Revaluation of properties
a Revaluation of properties Finance Report Name of Properties Net Book Open Surplus / Value as at Market (deficit) to be 31 December Value incorporated 2013 into Axis-REIT (RM'000) (RM'000) (RM'000) 1. Niro Warehouse 16,213 17,000 787 2. Delfi Warehouse 14,049 14,500 451 3. Axis Eureka 54,172 54,500
Slide 38: Revaluation of properties
a Revaluation of properties Finance Report Name of Properties Net Book Open Surplus / Value as at Market (deficit) to be 31 December Value incorporated 2013 into Axis-REIT (RM'000) (RM'000) (RM'000) 8. Emerson Industrial Facility Nilai 27,991 29,320 1,329 9. Seberang Prai Logistic Warehouse 3 63,318
Slide 39: Reserves: revaluation surplus to date
a Statement of Financial Position Finance Report v) Reserves – RM256,319,000 • Overall the Portfolio has recorded a favorable gain in fair value of approx. RM250 million to date. 45 42 Revaluation suplus to date (on individual property) 40 35 35 30 RM million 25 25 22 20 17 15 15 13 9 10 10 10 8 6 5
Slide 40: Percentage of revaluation surplus over investment cost
a Percentage of revaluation surplus over investment cost Finance Report 70% 65% % of Revaluation on Properties= Revaluation Surplus to date 61% Investment Cost 60% The increase in value demonstrated the ability of the 50% 44% Manager to create value to the assets 41% 40% 30% 28% 29% 29% 30% 26% 24%
Slide 41: Disposal of Axis Plaza
Disposal of Axis Plaza AtlS REAL ESTATE INVESTMENT TRUST
Slide 42: Disposal of Axis Plaza
a Disposal of Axis Plaza Finance Report The SPA of the disposal of Axis Plaza was signed on 26 December 2013. Details of the disposal are as follows: Price : RM34.0 million Buyer : Collective Developers Sdn Bhd (a indirect wholly- owned subsidiary of Singapore Post Limited) Condition Precedent : Non
Slide 43: Gain on Proposed Disposal of Axis Plaza
a Disposal of Axis Plaza Finance Report GAIN ON PROPOSED DISPOSAL OF AXIS PLAZA Proposed disposal price 34,000,000 Less: Investment cost (22,662,318) 11,337,682 Legal fees (110,000) Valuation fee (8,000) Manager fee (180,200) Others (100,000) Gain on disposal 10,939,482 Estimated contribution to DPU
Slide 44: Disposal of Axis Plaza: Rationale
a Disposal of Axis Plaza Finance Report Rationale for disposal: The Manager believes that the Fund has optimized the potential of Axis Plaza after owning it for the last 8 years. Moving forward there is limited upside for future rental growth and given the favorable market prices for asset sales, it
Slide 45: Disposal of Axis Plaza: Utilization of proceeds
a Disposal of Axis Plaza Finance Report Utilization of the proceeds: The gain of RM10.9 million will be distributed to unitholders upon completion; translated into additional DPU of 2.37 sen per unit. The capital (net of incidental disposal cost) of RM22.7 million will be used to pare down borrowi
Slide 46: Property Report
a Property Report
Slide 47: Key Metrics
Key Metrics a Portfolio Size: As at 31st Dec 2013 the Portfolio have 31 assets comprising 5,464,124 sq. ft. and 130 tenants Portfolio Performance: Type 4Q2013 4Q2012 Movement Gross Income (RM) 141,313,589 132,672,650 +6.51% Property Expenses (RM) 20,812,109 20,124,466 + 3.42% Net Operating Income (R
Slide 48: Space Under Management (Sq Ft)
a Space Under Management (Sq Ft) 6,000,000 5,463,599 5,464,124 5,000,000 4,449,580 4,288,054 4,000,000 3,679,796 ( sq ft) 3,000,000 2,858,121 2,175,522 2,000,000 1,656,943 1,186,052 1,000,000 - 2005 2006 2007 2008 2009 2010 2011 2012 4Q 2013
Slide 49: Income Growth – Rental Reversions
Income Growth – aRental Reversions Space Renegotiated % Rent Movement Properties (Sq. Ft.) As at 4Q 2013 MENARA AXIS 68,326 +8.78% CRYSTAL PLAZA 120,358 +10.09% AXIS BUSINESS PARK 86,676 +10.12% INFINITE CENTRE 87,476 +12.45% AXIS PLAZA 104,843 +8.12% WISMA KEMAJUAN 80,199 +6.70% QUATTRO WEST 33,300
Slide 50: Portfolio Occupancy
a Rate Portfolio Occupancy As at 31st Dec 2013 Axis REIT has only 9 out Vacancy Rate 5.13% of 31 properties that carry vacancy. 22 properties enjoy 100% occupancy. Occupancy As at 30th Sept, 2013 94.70% As at 31st Dec, 2013 94.87% Occupancy Rate 94.87% Vacancy As at 31st Dec, 2013 5.13% For Axis Mul
Slide 51: Occupancy Rates by Property
a Occupancy Rates by Property As at 31st Dec 2013 120.00 100.00 94.87% 80.00 60.00 Under Refurbishment 40.00 20.00 -
Slide 52: Occupancy Rates – Year analysis
a analysis Occupancy Rates – 5 Year 120 100 95.73 97.22 96.21 94.87 92.27 80 Percentage % 60 Occupied Vacant 40 20 7.73 4.27 3.79 5.13 2.78 0 2009 2010 2011 2012 2013
Slide 53: Diversified Portfolio
Diversified Portfolioa Portfolio Diversification by Type and NLA Light Industrial 7.84% Warehouse Logistic 43.38% Warehouse Retail 6.80% Office/Industrial 30.82% Office 11.16% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
Slide 54: Portfolio Diversification - 5 year analysis
a Portfolio Diversification -5 year analysis 50 45 Portfolio Diversification by Type and NLA 43 43 41 40 40 40 38 37 35 35 31 31 30 Percentage % 25 20 15 14 13 11 11 11 10 9 8 8 8 7 7 5 4 4 3 3 0 2009 2010 2011 2012 2013 Office Office/Industrial Warehouse Retail Warehouse Logistic Light Industrial
Slide 55: Portfolio Location
Portfolio Location a Portfolio Analysis by Geographical Location and NLA Nilai 5.34% 2.15% Cyberjaya Penang 13.70% Kedah 2.53% Johor 18.31% Klang 7.78% Shah Alam 13.19% Petaling Jaya 37.01% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 35.00% 40.00%
Slide 56: Tenancy Mix
Tenancy Mix a Single Tenant Vs Multi-Tenants 3.17% 36.23% 60.60% Single Tenant Multi Tenants Vacant (Refurbishment)
Slide 57: Tenancy Mix - Year analysis
Tenancy Mix- 5 Yeara analysis Single Tenant Vs Multi-Tenants 70 61 60 58 58 56 54 50 43 44 42 42 Percentage % 40 36 30 20 10 3 3 0 2009 2010 2011 2012 2013 Multi-tenants Single tenant Vacant
Slide 58: Occupancy: Properties Below 90%
a Occupancy Properties Below 90% Occupancy rates of properties below 90% as of 31st Dec 2013 Occupancy % Axis Tech Centre 88.29 Infinite Centre 89.23 Fonterra HQ 84.96 Axis Business Campus - Under Refurbishment Wisma Academy 89.99 Axis Plaza 89.27 Note: Vacant space Fontera HQ is built for their fut
Slide 59: Lease Expiry Profile
Lease Expiry Profilea Year % of % of Rental Year % of % of Rental Year % of % of Rental Property 2014 Total NLA Income/month 2015 Total NLA Income/month 2016 Total NLA Income/month Menara Axis 54,587 1.00 2.23 - - 0.03 91,514 1.67 3.34 Crystal Plaza 81,339 1.49 2.84 3,407 0.06 0.08 120,358 2.20 4.40
Slide 60: Lease Expiry Profile 2010-2013
Lease Expiry Profilea 2010-2013 2010 2011 2012 2013 Sq. Ft. of space expiring 972,653 557,738 757,195 938,917 % over total NLA 22.68% 12.54% 13.86% 17.18% Sq. Ft. of space renewed 791,386 540,279 507,841 789,795 % over total NLA 18.46% 12.14% 9.29% 14.45% Sq. ft. of space left Portfolio 181,267 17,4
Slide 61: Weighted Average Lease Expiry (WALE)
a Weighted Average Lease Expiry (“WALE”) The Average “WALE” For the Portfolio is: By Year Q4 2013 Q4 2012 Q4 2011 By NLA 3.89 4.43 5.64 By Rental 3.99 4.17 5.19 Note: Fall in WALE is due to some of the single tenant long leases coming up for renewal.
Slide 62: Portfolio Efficiency (PE)
Portfolio Efficiency a(“PE”) The Efficiency Ratio = The Operating Cost for the Portfolio / Gross Property Income 4Q2009 4Q2010 4Q2011 4Q2012 4Q2013 15.50% 14.20% 15.19% 15.17% 14.73%
Slide 63: Top Tenants - Strong Rental Covenants
a Top 10 Tenants - Strong Rental Covenants 1. Konsortium Logistik Bhd 2. LF Logistics Services (M) Sdn Bhd 3. Schenker Logistics (M) Sdn Bhd 4. Tenaga Nasional Berhad 5. Tesco Stores (M) Sdn Bhd 6. Fuji Xerox Asia Pacific Pte Ltd 7. DHL Properties (M) Sdn Bhd 8. Strateq Data Center Sdn Bhd 9. GCH Re
Slide 64: Asset Enhancement Initiatives
a Asset Enhancement Initiatives
Slide 65: Axis Business Campus West Block (Before)
a Axis Business Campus West Block (Before)
Slide 66: Axis Business Campus West Block (After)
a Axis Business Campus West Block (After )
Slide 67: Axis Business Campus South Block (Before)
a Axis Business Campus South Block (Before)
Slide 68: Axis Business Campus South Block (After)
a Axis Business Campus South Block (After)
Slide 69: Axis Business Campus Overall (Before)
a Axis Business Campus Overall (Before)
Slide 70: Axis Business Campus Overall (After)
a Refurbishment Axis Busienss Campus Overall (After)
Slide 71: West Block Axis Business Campus
a West Block Axis Business Campus Drop off New Ramp for Handicapped Persons New Lift Lobbies New Common Toilets
Slide 72: South Block Axis Business Campus
a South Block Axis Business Campus New Patio Drop Off Cargo Loading Bay New Cargo Lift
Slide 73: Axis Business Campus Project Analysis
a – Estimated ROI Axis Business Campus Project Analysis Axis Business Initial Cost : RM 34,173,526.21 Campus (ABC) Redevelopment : RM 23,639,326.00 Total cost : RM 57,812,852.21 NLA : 155,401 sq. ft. Property Income : RM 7,533,402 Projected Gross Yield: 13%
Slide 74: Axis Business Park Block C Refurbishment
a C Refurbishment Axis Business Park Block
Slide 75: Axis Business Park Block C Refurbishment
a C Refurbishment Axis Business Park Block
Slide 76: Axis Business Park Block C Project Analysis
a C – Projected ROI Axis Business Park Block Project Analysis ABP Block C Initial Cost : RM 46,393,274.93 Refurbishment Redevelopment : RM 9,450,000.00 (est.) Total cost : RM 55,843,274.93 NLA : 182,187 sq. ft. Number of Car parks: 166 Estimated Property Income : RM 6,953,610.00 Projected Gross Yiel
Slide 77: Wisma Academy Annex Redevelopment
a Wisma Academy Annex Redevelopment
Slide 78: Wisma Academy Annex Redevelopment
a Wisma Academy Annex Redevelopment
Slide 79: Wisma Academy Annex Projected ROI
a Wisma Academy Annex Redevelopment – Projected ROI Project Analysis Annex Initial Cost : RM 12,289,272.25 Redevelopment Redevelopment : RM 30,000,000.00 (est.) Total cost : RM 42,289,272.25 NLA : 127,133 sq. ft. (30% office & 70% warehouse) Number of Car Parks: 266 Estimated Gross Property Income :
Slide 80: Past Major Asset Enhancement Initiatives
a Past Major Asset Enhancement Initiatives
Slide 81: Asset Enhancement Initiatives: Quattro West
Asset EnhancementaInitiatives In 2010 it was Quattro West
Slide 82: AEI Projects Completed - ROI: Quattro West
a AEI Projects Completed - ROI Project Analysis Quattro West Total cost : RM 50,010,682.13 NLA : 104,196 sq. ft. Property Income : RM 5,935,784.46 (FY2013) Less - Property Expense : RM 1,290,645.43 (FY2013) NPI : RM 4,645,139.03 (FY2013) ROI : 9.29% (FY2013) At time of purchase Quattro West was yiel
Slide 83: Asset Enhancement Initiatives: Infinite Centre
Asset EnhancementaInitiatives In 2011 it was Infinite Centre
Slide 84: AEI Projects Completed - ROI: Infinite Centre
a AEI Projects Completed - ROI Project Analysis Infinite Center Initial Cost : RM 25,880,763.87 Redevelopment : RM 7,576,275.39 (spread over two fiscal years) Total cost : RM 33,457,039.26 NLA : 143,681 sq. ft. Property Income : RM 3,719,150.00 (FY2013) Less - Property Expense : RM 786,034.80 (FY201
Slide 85: Sustainability Initiatives
a Sustainability Initiatives The following initiatives are underway: Preparation of Sustainability policy for Asset Management – using APREA Sustainability Handbook as benchmark Conducting an energy audit of all buildings Incorporating sustainability initiatives into the facilities management
Slide 86: Investor Relations Report
Investor Relations Report AtslS REAL ESTATE INVESTMENT TRUST
Slide 87: Price Performance
a Price Performance Month End Closing Prices 4.50 4.00 3.98 3.72 3.67 3.50 3.49 3.27 3.41 3.40 3.34 3.40 3.31 3.11 2.95 3.00 2.93 2.50 2.00 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 7th 2013 2014 • Prices continued on a downward trend in Q4 2013 with investors switching their portfolios t
Slide 88: AXREIT vs KLCI
KLCI vsaAXREIT 1 Jan 2013 – 31 Dec 2013 Price & Volume Statistics 1 Jan 2013 = 1 AXREIT vs KLCI Current Price (16th Jan) : RM2.80 140.0% Price @ Jan 1, 2013 : RM3.13 130.0% Price @ Dec 31, 2013 : RM2.93 120.0% High @ 21 May, 2013 : RM4.02 110.0% Low @ 31 Dec, 2013 : RM2.93 100.0% 90.0% Average Month
Slide 89: Top 10 Unitholders
a Top 10 Unitholders 1 EMPLOYEES PROVIDENT FUND BOARD 2 SKIM AMANAH SAHAM BUMIPUTERA 3 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 4 TEW PENG HWEE @ TEOH PENG HWEE 5 ALEX LEE LAO 6 EXEMPT AN FOR AIA BHD. 7 AS 1MALAYSIA 8 AMANAH SAHAM DIDIK 9 PUBLIC SMALLCAP FUND 10 AMANAH SAHAM WAWASAN 2020 89
Slide 90: ROD Analysis
ROD Analysis a Top Unitholders’Percentage Holdings 1. Top 5 CDS accounts hold 34.9% of total units 2. Top 10 Unitholders hold 50.4% of total units 3. > 1 million Unitholders’total unitholding = 86.1% Top Increases in Unitholdings % of Total UNITHOLDERS > 1MILLION UNITS @31 Dec '12 @29 Mar '13 @28 Ju
Slide 91: Improving Investor Visibility & Liquidity
a & Liquidity Improving Investor Visibility No. of CDS Accounts 3,500 2,948 3,009 3,000 2,850 2,702 2,745 2,597 2,500 2,420 2,230 2,080 1,959 2,000 1,652 1,500 1,000 500 - @ 31 Dec'08 @30 Jun '09 @ 31 Dec'09 @30 Jun'10 @31 Dec'10 @30 Jun'11 @ 31 Dec '11 @29 Jun '12 @31 Dec '12 @ Jun '13 @ Dec '13
Slide 92: Month End Volume Traded
Volume a Month End Volume Traded Million Units 16.00 13.96 14.00 12.96 12.09 12.00 11.02 9.67 10.00 8.25 8.23 7.92 8.00 7.24 7.05 6.00 4.20 3.70 4.00 2.24 2.00 - Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec Jan 7th 2013 2014 Volume decreased to 23.2 million units traded in Q4 compared to 23.7
Slide 93: 2013 Investor Meetings & Speaking Arrangements
2013 Investor Meetings & Speaking a Arrangements Date Conference, Events or Meetings 13-Jan Wealth Mastery Convention Presentation on "REITs as an Alternative Form of Real Estate Investments" 30-Jan Nomura Islamic Asset Management 13-Mar Industrial Real Estate and Business Parks Conference 19-Mar 5t
Slide 94: Awards
Awards a Winner of the APREA Best Practices Award 2013. 94
Slide 95: Business Development Report
a Business Development Report
Slide 96: Summary of Target Acquisitions
a Summary of Target Acquisitions Six Industrial Buildings in Johor. An industrial facility in Shah Alam. An Industrial facility in Prai Penang 2 Logistics Warehouses in Shah Alam An Office Industrial building in Petaling Jaya An DC facility in Port Klang Total value of assets currently u
Slide 97: Thank you
a Thank you
Axis Real Estate Investment Trust — Q4 2013 Earnings Presentation on 6ix