Axis Real Estate Investment Trust · MYX:AXREIT
Axis Real Estate Investment Trust — Axis REIT — Q3 2008 Earnings Presentation
17 slides from Axis Real Estate Investment Trust's earnings presentation, November 2008
Slide 1: Axis REIT Third Quarter 2008 Financial Performance
Axis REIT Third Quarter 2008 Financial Performance 1
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with Axis REIT’s third quarter results announcement on Bursa Malaysia dated 10 November 2008. This the information contained in this document is provided for information purposes only and in no way constitutes an offer of services or solicit
Slide 3: A Quick Snapshot
A Quick Snapshot Approved Fund Size 255,901,000 units Manager Axis REIT Managers Bhd Listing Date 3 August 2005 Market Capitalisation RM414.6 million (as at 30 September 2008) Gearing RM215.0 million (31.78% of Total Asset Value as at 30 September 2008 – Unaudited) Unit Price RM1.62 (as
Slide 4: Financial Results – Income Statement
Financial Results – Income Statement Excluding unrealised earnings due to 3Q2008 2Q2008 Changes / changes in fair value of investment (RM ‘000) (RM‘000) Movement properties. (Unaudited) (Unaudited) No. of Properties 18 17 +1 Property Income – Note 1 16,367 15,673 + 4.4% Property Expenses (2,559) (2,
Slide 5: Notes to Income Statement (Unaudited)
Notes to Income Statement (Unaudited) Note 1 – Property Income With the additional contribution of monthly rental income from Delfi warehouse of RM 108,864 w.e.f 4 August 2008 and also the full quarter income arising from completion of Niro and PTP/BMW on 1 May 2008. Note 2 – Non Property Expenses T
Slide 6: Highlights 3Q2008 vs 3Q2007
Highlights 3Q2008 vs 3Q2007 Excluding unrealised earnings due to 3Q2008 3Q2007 Changes / changes in fair value of investment (RM ‘000) (RM‘000) Movement properties. (Unaudited) (Unaudited) No. of Properties 18 14 +4 Property Income 16,367 11,934 + 37.1% Property Expenses (2,559) (2,168) Net Property
Slide 7: Highlights YTD Sept’08 vs YTD Sept’07
Highlights YTD Sept’08 vs YTD Sept’07 Excluding unrealised earnings due to YTD Sept’08 YTD Sept’07 Changes / changes in fair value of investment (RM ‘000) (RM‘000) Movement properties. (Unaudited) (Unaudited) No. of Properties 18 14 +4 Property Income 46,469 33,806 + 37.5% Property Expenses (7,238)
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights 30/09/08 30/06/08 Changes / RM '000 RM '000 Movement Investment Properties 665,765 651,386 + 14,379 Other Assets 10,733 6,834 + 3,899 TOTAL ASSETS 676,498 658,220 + 18,278 Borrowings 214,992 191,403 + 23,589 Other Payables 38,251 43,661 - 5,410 TOTAL LIABILITIES 253,243 235,
Slide 9: Property Performance Analysis – 30 Sept’08
Property Performance Analysis – 30 Sept’08 9 Months Annualised Gross Book Fair Value Acq Cost + Gross ‘08 Gross Yield Value Adjustment Enhancement Revenue Revenue (e) / (c) (a) (b) (c) (d) (est) (e) 1 ABP 97,985 13,022 84,962 7,957 10,609 12.49% 2 Axis Plaza 30,702 8,200 22,502 2,055 2,740 12.18% 3
Slide 10: Performance Highlights
Performance Highlights 30/9/08 30/6/08 31/3/08 31/12/07 30/9/07 30/6/07 31/3/07 31/12/06 Unit Price RM1.62 RM1.68 RM1.70 RM1.85 RM1.91 RM2.23 RM1.76 RM1.68 NAV RM1.654 RM1.654 RM1.654 RM1.625 RM1.574 RM1.429 RM1.429 RM1.428 Total Assets 676.50 658.22 620.65 581.86 510.49 416.75 412.79 411.78 – RM’ m
Slide 11: Our Property Portfolio
Our Property Portfolio 11
Slide 12: Our Properties in 2005
Our Properties in 2005 Axis Plaza, Shah Alam Infinite Centre, Petaling Jaya high yielding property 13.7%* Axis Business Park, Petaling Jaya Menara Axis (Petaling Jaya) Wisma Kemajuan Crystal Plaza , Petaling Jaya (Purchase Price : RM 29,192,000) * Gross Yield 12
Slide 13: We added 3 more in 2006
We added 3 more in 2006 8.0%* high yielding properties Cycle & Carriage Bintang Bhd HQ 13.5%* (Purchase price: RM 32,680,000) 10.7%* Kayangan Depot (Purchase Price : RM 16,244,000) North Port Logistics Centre 1 * Gross Yield 13 (Purchase Price: RM 10,372,962)
Slide 14: Our Acquisitions For 2007
Our Acquisitions For 2007 10.5%* 8.4%* 7.5%* Giant Hypermarket FCI Connectors Malaysia Sdn Bhd Nestle Office & Warehouse Sg Petani, Kedah Senai, Johor Shah Alam, Selangor (Purchase Price : RM38.00mn) (Purchase Price : RM12.30mn) (Purchase Price :RM7.20mn) 9.5%* 7.7%* Nestle House Axis Shah Alam DC1
Slide 15: Our Acquisitions For 2008
Our Acquisitions For 2008 8.5%* 11.0%* BMW Asia Technology Centre Kompakar Tanjung Pelepas, Johor (Purchase Price : RM 37.00mn) (Purchase Price : RM27.00mn) 10.3%* 10.5%* high yielding properties Delphi Cocoa Warehouse Niro Granite Warehouse Pasir Gudang Johor Pasir Gudang Johor (Purchase Price RM12
Slide 16: Acquisition Pending Completion
Acquisition Pending Completion Axis Vista Lot 11, Jalan 219, Petaling Jaya SPA COMPLETED Showroom / Warehouse Acquisition Price= RM 32,000,000 SPA signed Estimated Value = RM36,000,000 19-09-08 Site Area = 3.47 acres (151,361 sq ft) Built Up Area = 118,017 sq ft Gross Yield = 8.6% Tenants: Samsung M
Slide 17: Thank You
Thank You 17