Aims Property Securities Fund · ASX:APW
Aims Property Securities Fund — Investor Presentation (May 2015)
20 slides from Aims Property Securities Fund's investor presentation, May 1, 2015
Slide 1: AIMS Property Securities Fund Investor Update
For personal use only AIMS Property Securities Fund Investor Update
Slide 2: Balance Sheet
Balance Sheet For personal use only Audited Figures as at 31 Unaudited Figures as at 28 December 2014 April 2015 Current Assets Cash and cash equivalents 1,527 5,059 Trade and other receivables 626 999 Financial assets held at fair value through the profit and loss 33,000 10,500 Total Current Assets
Slide 3: NTA Reconciliation
NTA Reconciliation For personal use only NTA has increased 63.6% since 30 June 2013 20 18 2.81 16 1.24 14 19.07 3.36 12 16.26 15.02 10 11.66 11.66 8 NTA at 30 June 2013 Impact of TFML Litigation Impact of 10% Buy Back Change in Net Asset Value NTA at 28 April 2015 3
Slide 4: Market Capitalisation since 2009
Market Capitalisation since 2009 For personal use only Market Capitalisation ($’000) has increased 205% under AIMS1,2,3 70,000 61,178 60,000 50,000 40,000 35,563 30,000 22,455 20,022 20,000 18,745 18,148 10,000 0 FY09 FY10 FY11 FY12 FY13 FY14 Notes 1. The Fund issued 13.25 millions at 7.55 cents per
Slide 5: Cumulative Unit Price Growth since 2009
AIMS Property Securities Fund For personal use only Cumulative Unit Price Growth since 20091 250.0% 234.4% 211.4% 200.0% 150.0% 100.0% 85.6% 50.0% 7.1% 0.0% FY09 FY10 FY11 FY12 FY13 FY14 -12.7% -50.0% -38.2% Notes Under Previous Manager 1. Cumulative Unit Price Growth is calculated on the assumption
Slide 6: Current Investment Portfolio
Current Investment Portfolio For personal use only Unlisted Property Securities No. of Units 30 June 2014 31 March 2015 APN Champion Retail Fund 8,000,000 $0.00 $0 $0.00 $0 APN/UKA Poland Retail Fund 7,000,000 $0.00 $0 $0.00 $0 Arena Office Fund 5,000,000 $0.65 $3,257,000 $0.0035 $17,500 AIMS Proper
Slide 7: Overview of the Fund
Overview of the Fund For personal use only Portfolio by Asset Allocation Portfolio by Sector Diversification 0% 18% 17% Office Unlisted Property Retail 49% 12% Listed Industrial Property Childcare 33% 2% 69% Cash & Receivables Other Portfolio by Geographic Diversification Portfolio by Manager Alloca
Slide 8: Significant Portfolio Events
Significant Portfolio Events For personal use only Unlisted Property Securities The Fund received a capital distribution from Arena Office Fund of 20.35 cents per unit in February 2015 The Fund acquired 18,180,891 units in AIMS Property Fund (St Kilda Rd) for 43.20 cents per unit in December 2
Slide 9: Fund Strategy
Fund Strategy For personal use only The Responsible Entity of the Fund intends to: redeem the Fund’s investments and redeploy capital into new investment opportunities if it believes that it is in the best interest of Unitholders in the Fund; make cornerstone investments in new AIMS managed inve
Slide 10: AIMS Property Fund (St Kilda Rd)
For personal use only AIMS Property Fund (St Kilda Rd)
Slide 11: Overview
Overview For personal use only The property is located at 492 St Kilda Rd, Melbourne on a 2,243 sq.m site B-Grade office building with NLA of 8,803 sq.m There are 12 levels of office accommodation, ground floor retail and 2 level basement car park for 141 car spaces The current vacancy is ap
Slide 12: Gearing
Gearing For personal use only AIMS reduced LVR to 41.7%1,2 80% >4.2% margin 75.5% 60% 60.0% 51.7% 1.65% margin 40% 41.7% 20% FY04 FY12 FY13 FY14 Under Previous Manager Notes 1. The Fund’s LVR is based on debt of $15.1 million divided by Total Assets of $36.3 million = 41.7% 12 Under AIMS 2. The Fund
Slide 13: Distributions
Distributions For personal use only AIMS reinstated DPU at 8.5%1 10% 9.0% 8.5% 8.5% 5% 0.0% 0% 2004 2012 2013 2014 Under Previous Manager 13 Notes Under AIMS 1. Distribution Yield payable on New Units at an annualised rate of 8.5% up to 31 December 2015
Slide 14: Property Price
Property Price For personal use only Property Price increased 37.5% under AIMS 40,000 35,000 34,500 31,500 30,000 25,100 1 25,000 25,000 20,000 2004 2012 2013 2014 Under Previous Manager Under AIMS Notes 14 1. In November 2012, the Fund received offers from $23.0 million to $24.0 million resulting f
Slide 15: Debt/Equity Mix
Debt/Equity Mix For personal use only Equity Value increased by 78.6% under AIMS1 40,000 35,000 30,000 25,000 12,600 21,701 6,150 20,000 12,075 15,000 10,000 18,900 18,951 12,925 12,800 5,000 0 2004 2012 2013 2014 Debt Equity Under Previous Manager Under AIMS Notes 15 1. AIMS raised $6.5 million to
Slide 16: No. of Units & Acquisition Price per Unit
No. of Units (% interest in the fund) & Acquisition Price per Unit For personal use only WAAP represents an unrealised capital gain of 14.5% (‘000) $1.00 $1.000 18,991 (49.90%) 20,000 18,181 (89.96%) 18,000 $0.80 16,000 14,000 $0.60 12,000 10,000 $0.432 $0.40 8,000 6,000 $0.245 $0.20 3,500 (18.95%)
Slide 17: AIMS Property Fund (Felix St)
For personal use only AIMS Property Fund (Felix St)
Slide 18: Overview of Transaction
Overview of Transaction For personal use only The property is located at 10 Felix Street, Brisbane on a 1,009 sq.m site B-Grade office building with NLA of 4,752 sq.m There are 11 levels of office accommodation completed in 1985, refurbished in 1999 and services upgraded in 2009 The current
Slide 19: Location & Key Benefits
Location & Key Benefits For personal use only The property is located in the centre of the “Golden Triangle” in the Brisbane CBD, directly behind Waterfront Place and <25m to the riverfront Key benefits of the Property are: prime location; a diversified mix of quality tenants; potential to
Slide 20: 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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