Aims Apac Reit · SGX:O5RU
Aims Apac Reit — Q1 FY2024 Earnings Presentation
30 slides from Aims Apac Reit's earnings presentation, Jul 27, 2023
Slide 1: 1Q FY2024 Business Update
1Q FY2024 Business Update 27 July 2023 11
Slide 2: Important Notice
Important Notice Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer to sell or any solicitation of an offer or invitation to purchase or subscribe for units in AIMS APAC REIT (“Units”) in Singapore or any other jurisdiction, no
Slide 3: Agenda
Agenda 1. 1Q FY2024 Key Highlights 2. Financial Performance 3. Capital Management 4. Portfolio Highlights 5. Sustainability Progress 6. Outlook & Strategy 33 7 Bulim Street, Singapore
Slide 4: 1Q FY2024 Key Highlights
1 1Q FY2024 Key Highlights Woolworths Headquarters, Australia 44
Slide 5: 1Q FY2024 Key Highlights
1Q FY2024 Key Highlights Robust Balance Sheet with Strong Leasing Momentum Financial Highlights Asset Management Capital Management Revenue Portfolio Occupancy Gearing ratio S$43.2 million 98.1% 32.9% +4.5% y-o-y 30 June 2022: 97.9% 30 June 2022: 37.0% Net Property Income Weighted Average Lease Expi
Slide 6: Advancing on Our Strategic Pillars
1Q FY2024 Key Highlights Advancing on Our Strategic Pillars Active Asset Management ▪ Healthy leasing momentum and positive rent reversions with signing of 30 leases totalling 91,320 sqm ▪ Announced divestment of 541 Yishun Industrial Park A on 24 April 2023 at an 8.2% premium to latest valuation1 ▪
Slide 7: Financial Performance
2 Financial Performance 20 Gul Way, Singapore 77
Slide 8: 1Q FY2024 Financial Performance
1Q FY2024 Financial Performance Financial Highlights Change 1Q FY2024 1Q FY2023 (S$’000 unless otherwise stated) (%) Gross Revenue 43,151 41,301 +4.5 Net Property Income (“NPI”) 32,301 30,990 +4.2 Distributions to Unitholders 17,177 16,348 +5.1 Applicable number of Units 809 717 +12.8 (million)1 Dis
Slide 9: Distribution Details and Timetable
Distribution Details and Timetable Stock Counter Distribution Period DPU Singapore Cents 2.310 AIMS APAC REIT (Distribution of 1.800 Singapore cents based on For 1 April 2023 to 30 June 2023 725,038,894 Units paid on 20 July 2023; Code: O5RU Balance distribution of 0.510 Singapore cents based on 809
Slide 10: Capital Management
3 Capital Management 30 Tuas West Road, Singapore 10 10
Slide 11: Balance Sheet and Key Financial Indicators
Balance Sheet and Key Financial Indicators Prudent gearing and resilient financial metrics As at As at Balance Sheet (S$’000) 30 June 2023 30 June 2022 Total Assets 2,391.0 2,376.7 Total Liabilities 926.7 1,002.7 Net assets 1,464.3 1,374.0 Net Asset Value per Unit (Singapore cents) 1.34 1.39 As at A
Slide 12: Disciplined and Prudent Capital Management
Disciplined and Prudent Capital Management Fortified balance sheet with no refinancing requirements in FY2024 Debt Maturity Profile Total Gross Debt: S$736 million Interest Rate Risk Management Forex Risk Management ▪ 69% of expected AUD distributable AUD Bank Debt ▪ 87% of borrowings on fixed rates
Slide 13: Portfolio Highlights
4 Portfolio Highlights 7 Bulim Street, Singapore 13 13
Slide 14: Well-Diversified Portfolio with Balanced Lease Structure
Well-Diversified Portfolio with Balanced Lease Structure Rental growth complemented with income stability Well-diversified Portfolio by Sub-Sectors and Geography Well-balanced Lease Structure and Profile ▪ Anchored by high-quality Australian business parks and hi-tech space ▪ Majority of long-term l
Slide 15: High Portfolio Occupancy Rate of 98.1%
High Portfolio Occupancy Rate of 98.1% Portfolio Occupancy by Geography Occupancy Rate by Sub-Sectors 100.0% 98.0% 98.1% 97.7% 97.9% 98.3% 98.4% 99.1% 99.4% 99.8% 94.3% 94.3% Singapore Australia Portfolio Logistics & Warehouse Business Parks Industrial Hi-Tech 15 As at 31 Mar 2023 As at 30 Jun 2023
Slide 16: Delivered Strong Leasing Outcomes
Delivered Strong Leasing Outcomes Robust rental reversion of 38.0% in 1Q FY2024 ▪ Executed 9 new (31,294 sqm) and 21 renewal leases (60,026 sqm), totaling 91,320 sqm % of rental reversion for renewed leases of Singapore assets 1 Lease expiry profile Weighted by GRI 1Q FY2024 4Q FY2023 1Q FY2023 Logi
Slide 17: Diversified and High Quality Tenant Base
Diversified and High Quality Tenant Base Stable growing income with 80.4% of GRI from tenants in defensive industries Lease No. Tenant Name % Trade Sector Expiry 202 tenants diversified across trade sectors GRI (Years) Oil, Gas, Energy & Marine Furniture & Food & Consumer 2.2% Furnishing Self-storag
Slide 18: Sustainability Progress
5 Sustainability Progress 30 Tuas West Road, Singapore 18 18
Slide 19: Sustainability Highlights
Sustainability Highlights Progressively advancing our sustainability commitments ESG Commitments ESG Initiatives Completed solar panel installation on 4 out of 6 In-place sustainability framework and roadmap properties in Singapore; will explore phase two with measurable targets to assess progress o
Slide 20: Outlook & Strategy
6 Outlook & Strategy Optus Centre, Australia 20 20
Slide 21: Market Outlook in AA REIT's Key Markets
Market Outlook in AA REIT’s Key Markets Leasing activity remains resilient amid tight supply ▪ In the medium to long-term, Singapore remains an attractive hub for supply chain diversification for high value-added segments of the electronics industry ▪ Continues to attract pharmaceutical and life sci
Slide 22: Focused and Disciplined Execution on Our Strategic Pillars
Focused and Disciplined Execution on Our Strategic Pillars Committed to value creation 2.Active Asset Management 1. Selective Investments & Developments ▪ Proactive lease management to maintain high ▪ Disciplined investment approach, with occupancy and drive positive rental reversion track record in
Slide 23: Summary of Investment Merits
Summary of Investment Merits High-quality defensive portfolio Curated portfolio of Proven execution high-quality assets and discipline on provides solid selective acquisitions foundation and operational resilience Track record in AEIs Diversified tenant and redevelopments base in resilient unlocks p
Slide 24: Thank You
Thank You For enquiries, please contact: Sheryl Sim Investor Relations +65 6309 3638 Email Address: sheryl.sim@aimsapac.com Woolworths HQ, Australia 24 24
Slide 25: Appendix
Appendix Boardriders HQ, Australia 25 25
Slide 26: Overview of AIMS APAC REIT
Overview of AIMS APAC REIT Curated portfolio of high-quality assets in Singapore and Australia Diversified across industrial sub-sectors Sponsor: AIMS Financial Group Resilient portfolio Logistics & Warehouse Business Park ▪ Established in 1991, AIMS is a diversified financial services and investmen
Slide 27: Asset Enhancement Track Record
Asset Enhancement Track Record Active rejuvenation of portfolio resulting in long-term value creation 23 Tai Seng Drive, Singapore 29 Woodlands Industrial Park E1, Singapore ▪ Six-storey light industrial building (Data Centre) ▪ Four-storey hi-tech industrial building (Life Science) ▪ 10-year master
Slide 28: Development Track Record
Development Track Record Developed over ~2.8 million sq ft of high quality space Development potential of up to 500,000 sq ft of untapped gross floor area (GFA) in Singapore and up to 1.5 million sqft untapped 20 Gul Way, Singapore (Phase 1 & 2) 30 Tuas West Road, Singapore 8 Tuas Avenue 20, Singapo
Slide 29: Acquisition Track Record
Acquisition Track Record Disciplined selection of quality real estate in strategic locations Strategic location with Future value- High-quality asset Strong tenant profile Rental growth profile established infrastructure add potential Boardriders Asia Pacific HQ, Australia 7 Bulim Street, Singapore
Slide 30: A Curated Portfolio of High Quality Industrial Assets
A Curated Portfolio of High Quality Industrial Assets Disciplined growth through active management and accretive investments Increased scale Enhanced investor visibility Active Asset Management and Disciplined Acquisitions since AIMS Financial Group became Sponsor Portfolio Valuation (S$ mil) Market