Ame Real Estate Investment Trust · MYX:AMEREIT
Ame Real Estate Investment Trust — Q3 FY2023 Earnings Presentation
20 slides from Ame Real Estate Investment Trust's earnings presentation, March 2023
Slide 1: Investor Presentation Q3 FY2023
Investor Presentation Q3 FY2023
Slide 2: Portfolio Highlights as at 31 December 2022
Portfolio Highlights as at 31 December 2022 RM608.4 mil RM557.0 mil 3.0 Years 1.614 mil sq ft 6.3% Market Capitalisation Portfolio Market Value Weighted Average Lease Expiry Space under Management(1) Gearing Ratio (by Net Lettable Area)(1) 34 31 100% 3 100% No. of Properties No. of Industrial Proper
Slide 3: Q3 FY2023 Highlights
Q3 FY2023 Highlights Total Revenue of RM10,792,000(1) Net Asset Value (“NAV”) of RM525,659,000, NAV per unit of RM1.0109(3) Net Property Income of RM10,097,000(1) 520,000,000 number of units in issue(3) Distributable Income of RM9,207,000(1) / Trading at a premium of 15.7% to NAV at RM10,289,000(2)
Slide 4: Portfolio Overview
Portfolio Overview
Slide 5: Location of Subject Properties
Location of Subject Properties 3
Slide 6: Portfolio of Quality Tenants
Portfolio of Quality Tenants • Multinational corporations occupy an aggregate NLA of 90.5% of net lettable area • Top 10 tenants of Industrial Properties Malaysian subsidiary of a foreign multinational electronics manufacturing services company 4
Slide 7: Portfolio Diversification
Portfolio Diversification Portfolio by Market Value Portfolio by Occupied NLA 10.8% SAC Industrial Properties 24.2% Indahpura Industrial Properties 45.0% 8.4% SILC Industrial Properties 30.9% 58.3% 22.4% Dormitories 5
Slide 8: Portfolio Diversification
Portfolio Diversification Portfolio by Industrial-Related Properties Portfolio by Gross Monthly Rental Income (by Number of Beds) Plot 13 Dorm Indahpura SAC Industrial Properties 28.5% 27.2% Indahpura Industrial Properties 35.7% Plot 17 Dorm Indahpura 43.6% SILC Industrial Properties SAC Dorm 6.9% D
Slide 9: Portfolio Diversification
Portfolio Diversification Diversification by Trade Sectors by NLA Portfolio by Asset Category by Asset Value (excl. Dormitories) Top 1 Top 2 Logistics/ E-Commerce, Electrical and electronics, 13.3% 31.2% 24.2% Manufacturing facilities Top 3 Logistics Warehouse 54.2% Packaging Products, Others, 12.6%
Slide 10: Tenancy Expiry Profile
Tenancy Expiry Profile % of gross rental income expiring against total rental income of properties as of 31/12/2022 2 3 0 1 5 1 0 3 0 0 1 0 12.0 10.4 10.0 8.6 8.0 6.0 5.0 5.4 4.0 4.0 3.2 2.0 1.1 0 0 0 0 0 0.0 SAC Industrial Properties Indahpura Industrial Properties SILC Industrial Properties Dormit
Slide 11: Financial Overview
Financial Overview
Slide 12: Financial Highlights as at 31 December 2022
Financial Highlights as at 31 December 2022 RM582.6 mil RM36.8 mil 6.3% 100% Total Financing Gearing Ratio Income Distribution for FY2023 Total Assets RM525.7 mil RM1.0109 1.975 sen RM1.17 Total Unitholders’ Funds Net Asset Value Per Unit Distribution Per Unit(1) Market Price per Unit Notes: (1) For
Slide 13: Financial Statements
Financial Statements Statement of Comprehensive Income Statement of Financial Position Units in RM’000, unless otherwise stated Q3 FY2023 Units in RM’000, unless otherwise stated As at 31 December 2022 Rental income 10,792 Investment properties 557,000 Property operating expenses (695) Total non-cur
Slide 14: Financing Headroom
Financing Headroom RM 544.8mil Financing headroom of up to 50.0% RM508.0 mil for acquisitions RM 36.8mil 6.3% As at 31 December 2022 Maximum Financing 11
Slide 15: Proposed Acquisitions of Properties from the Sponsor
Proposed Acquisitions of Properties from the Sponsor
Slide 16: Proposed Acquisitions
Proposed Acquisitions On 5 December 2022, the following conditional sale and purchase agreements have been entered into with subsidiaries of AME Elite Consortium Berhad for a total cash consideration of RM69.25 million:- 1. Plot 43 SAC 2. Plot 15 Indahpura 3. Plot 16 Indahpura (In-progress) The Prop
Slide 17: Plot 43 SAC
Plot 43 SAC Tenant SGS (Malaysia) Sdn Bhd Market Value RM17.00 million Purchase Consideration RM16.25 million Tenure Freehold Lease Term 10 Years and 2 Months Renewal Term 5 Years Agreed Lettable Area 56,814 sq ft Monthly Rental Amount RM1.60 to RM1.85 psf per month / RM90,904 to RM105,107 per month
Slide 18: Plot 15 Indahpura
Plot 15 Indahpura Tenant HID Global Sdn Bhd Market Value RM28.00 million Purchase Consideration RM26.50 million Tenure Freehold Lease Term 10 Years and 2 Months Renewal Term 3 Years Agreed Lettable Area 101,764 sq ft Monthly Rental Amount RM1.50 to RM1.85 psf per month / RM152,646 to RM188,264 per m
Slide 19: Plot 16 Indahpura (In-progress)
Plot 16 Indahpura (In-progress) Tenant HQPack Sdn Bhd Market Value RM28.00 million Purchase Consideration RM26.50 million Tenure Freehold Lease Term 10 Years and 1 Month Renewal Term 3 Years Agreed Lettable Area 98,249 sq ft Monthly Rental Amount RM1.50 to RM1.90 psf per month / RM147,374 to Illustr
Slide 20: Thank You
THANK YOU
AME Real Estate Investment Trust — Q3 FY2023 Earnings Presentation on 6ix