IMPACT Growth Real Estate Investment Trust · SET:IMPACT
IMPACT Growth Real Estate Investment Trust — FY2018/19 Earnings Presentation
12 slides from IMPACT Growth Real Estate Investment Trust's earnings presentation, Nov 20, 2019
Slide 1: 4Q & FY2018/2019's Results
GRow IMPACTRE!T MUANG TH@NG THANI 4Q & FY2018/2019’s Results
Slide 2: 4Q & FY2018/2019's Results
4Q & FY2018/2019’s Results 2
Slide 3: FY2018/19 Revenue THB 2,445 m.
New Exhibitions, International conventions, and concerts are the main growth driver. FY2018/19 FY2018/19 4Q’s 2018/2019 4Q’s 2018/19 DISTRIBUTION ARR OCCUPANCY RATE REVENUE 80 Baht/ sq.m. 39% THB 2,445 m. PER UNIT AT 10% yoy FY2018/2019 FY2018/19 THB 0.85 ARR OCCUPANCY RATE NET PROFIT 75 Baht/ sq.m.
Slide 4: Occupancy Rate
Occupancy Rate IMPACT Arena IMPACT Exhibition Center (Hall 1-8) 2018/2019 2018/2019 100% 2017/2018 100% 2017/2018 80% 63% 69% 80% 59% 54% 60% 49% 60% 49% 52% 44% 40% 40% 20% 20% 0% 0% 4Q Annual 4Q Annual IMPACT Forum IMPACT Challenger 60% 2018/2019 100% 2018/2019 50% 2017/2018 2017/2018 80% 40% 52%
Slide 5: Average Rental Rate
Average Rental Rate 2018/2019 International Conventions and Incentive events are keys of higher rate 2017/2018 75 70 Annual 4 Assets Average Rental Rate 80 72 4Q 40 50 60 70 80 Note : Average Rental Rate is derived from the figures of total income from venue service divided by total rented space of
Slide 6: Revenue Summary
Revenue Summary FY2018/2019 Service Income Unit : THB million FY2018/2019 Net Investment Income Unit : THB million Excluding realized and unrealized gains on investment Service Income Gross Profit Margin Net Investment Income Net Investment Income Margin 3,000 89% 2,434 1,400 1,280 60% 2,500 2,216 1
Slide 7: Revenue Breakdown Revenue Structure
Revenue Breakdown Revenue Venue Service Catering Right Fee Long Term Rental Parking Services Media Right Fee Structure FY18/19 Service 0.5% Income THB 2,434 m. 82% 8% 7% 2.5% Revenue by Asset Revenue by segment Unit :% 100.0% IMPACT Challenger IMPACT Exhibition Center Domestic Public 27% 26% Sector
Slide 8: Cost & Administration Expenses Structure
Cost & Administration Expenses Structure Cost of Service Unit : THB million Cost of Service VS Service Income 350 Property Tax Millions 300 11.94 2017/2018 2018/2019 11.95 21.73 250 37.68 Other cost 13.0% 200 101.27 12.21% 12.19% 80.86 150 Service cost 12.0% 11.2% 12.11% 11.82% 100 2.81 2.99 139.61
Slide 9: Fee Breakdown
Fee Breakdown Fee Details Total Fee & Total Fee Ratio Unit : THB million 300.00 Property Management Fee: 257.31 250.00 233.42 1. Base fee : 5.5% (p.a.) of REIT’s total revenue 200.00 183.65 150.00 2. Incentive fee : 6.75% (p.a.) of REIT’s net property income before 100.42 deducting the REIT’s expens
Slide 10: Financial Summary
Financial Summary Cash Flow Summary Unit : THB million Balance Sheet Summary Unit : THB million Cash Flow From Operating Activities Cash Flow From Financing Activities Assets As at 31 Mar’19 Distribution Investment in Properties 19,650 Total Assets 20,738 1,369 Liabilities 1,205 1,358 Current portio
Slide 11: Distribution
Distribution Distribution Distribution Policy 4Q’s 2018/19 Distribution Per Unit (DPU) :THB 0.19 per unit At least 90% of the adjusted annual net profit will be distributed Annualized DPU : THB 0.85 with payout ratio at 99% to trust unitholders. Distribution to be made includes annual 9% (Yo
Slide 12: Thank You
THANK YOU 12
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