AIM Industrial Growth Freehold and Leasehold Real Estate ...

Opportunity Day Q2/2020 13 September 2020

AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

The material contained in this presentation is for information purposes only and does not constitute an offer invitation or recommendation to sell or solicitation of an offer or invitation to purchase or subscribe for units in AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust (AIMIRT) in any jurisdiction. Neither this presentation nor anything in it shall form the basis of, or be relied upon in any connection with, any contract or commitment.

This presentation has been prepared by AIM REIT Management Company Limited as the REIT Manager of AIMIRT. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the REIT Manager or any of its advisers or representatives, shall have any liability for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

This presentation and any other information provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed, or made available to any other person, save in strict compliance with all applicable law.

Disclaimer

2

Content

3

AIMIRT Background & Milestones, Investment Highlights, Unitholders’ Structure

Introduction 01

Asset Profile

Portfolio Overview02

Occupancy Rate, Tenant Profile, Lease Expiry Profile

Operational Highlights 03

Financial Information, Distribution Payment

Financial Performance04

05

Opportunity Day Q2/2020

1Introduction

Name of Trust AIM Industrial Growth Freehold and Leasehold Real Estate Investment Trust

Symbol AIMIRT

Establishment 22 December 2017

Listed on SET 9 January 2018

REIT Manager AIM REIT Management Company Limited

Trustee SCB Asset Management Company Limited

Investment Policy Industrial Asset i.e. Premium Warehouse, Factory, Cold Storage, Liquid Chemical Storage Tank

Investment Assets Warehouse, Cold Storage and Liquid Chemical Storage Tank

Investment Type /1 Freehold 45% : Leasehold 55%

Land Area 158-1-74.10 rai

Leasable Area 127,286 sq.m. and 85,580 kl.

Occupancy Rate 100%

AIMIRT Overview

5

Note: Info as of June 2020/1 Based on total revenue

AIMIRT Structure

6

Trust Unitholders

InvestmentDistribution

REIT Management

Fee

Property Management

Fee

Lease

Rental and Service Fee

Trustee

Property Manager

Appoint

REIT Manager

BIP Project

TIP 8 ProjectTIP 7 Project

SCC ProjectJWD Project

Monitor and Act on Behalf of Unitholders

Fee

Tenants /1

Note: Info as of June 2020/1 Including some of JWD cold storage customers

AIMIRT Background & Milestones

7

REIT Manager license was granted by Securities and

Exchange Commission (SEC) on 26 January 2017.

Jan 2017

AIMIRT Establishment AIMIRT Listed on SETAdditional Assets

InvestmentREIT Manager License

AIMIRT was listed on SET on 9 January 2018.

Jan 2018

AIMIRT has successfully invested in additional assets worth Baht

4.2 billion on 9 August 2019.

Aug 2019AIMIRT was established on

22 December 2017 with initial assets investment worth

Baht 2.1 billion.

Dec 2017

Additional Assets Investment

AIMIRT has successfully invested in Chewathai Amata City Project worth Baht 460 million on 20 August 2020.

Aug 2020

AIMIRT Investment Highlights

8

Investing in wider industry assets diversification, such as premium warehouse, cold storage and liquid chemical storage tank

Premium cold storage and warehouse with high standard construction, proven track record, and excellent capability to generate long-term sustainable income

Located in Thailand's major logistics hub and distribution center

100% Occupancy

Reputable tenants

Long-term lease on average

Invest in assets with 100% occupancy rate under reliable lease agreements

Industry leaders with competitive advantages

Majority lease agreements are at least 3 years or longer

High-quality assets

Investment assets diversification

High-quality assets

รคคครคStrategic locations

Transparent management Managed by independent REIT manager, approved by The Securities and Exchange Commission (SEC), Thailand

Actively & selectively acquire the quality assets to enhance accretive return and increase portfolio diversification

Inorganic Growth through acquisition

AIMIRT Unitholders

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Rank Top 10 Major Unitholders Units %

1 BANGKOK LIFE ASSURANCE PCL 34,130,200 8.01%

2 KRUNGTHAI-AXA LIFE INSURANCE PCL 27,980,484 6.56%

3 FWD LIFE INSURANCE PCL 17,750,000 4.16%

4 JWD INFOLOGISTICS PCL 15,500,000 3.64%

5 PRINCIPAL PROPERTY INCOME FUND 15,378,062 3.61%

6 ALLIANZ AYUDHYA ASSURANCE PCL 14,090,000 3.31%

7 MUANG THAI LIFE ASSURANCE PCL 11,311,372 2.65%

8 LH PROPERTY PLUS I FUND 8,099,812 1.90%

9 B SENIOR CITIZEN MIXED FUND 8,013,200 1.88%

10 DHIPAYA LIFE ASSURANCE PCL 7,580,000 1.78%

Note: Info as of 9 July 2020

Unitholders’ Structure

“Well-balanced proportion of institutional and individual investors”

Retail Investors, 36.90%

Asset Sellers, 10.81%

Institutional & Fund52.29%

2Portfolio Overview

AIMIRT Asset Profile (1)

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ProjectPCS JPAC Datasafe SCC TIP 7 TIP 8 BIP

Location Samut Sakhon Chachoengsao Chachoengsao Samut Prakan Samut Prakan Samut Prakan Pathumthani

Property Type Cold Storage Cold Storage WarehouseChemical Tank &

WarehouseWarehouse Warehouse Warehouse

Investment Type Freehold Freehold Freehold Leasehold Freehold Freehold Leasehold

No. of Unit 2 units 2 units 1 unit61 tanks &

3 units5 units 4 units 1 unit

Leasable Area 17,562 sq.m. 12,766 sq.m. 9,288 sq.m.85,580 kl. &

16,726 sq.m.21,651 sq.m. 34,692 sq.m. 14,600 sq.m.

Occupancy Rate 100% 100% 100% 100% 100% 100% 100%

Note: Info as of June 2020

AIMIRT Asset Profile (2)

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Prime locations of industrial properties in Samut Sakhon, Chachoengsao, Samut Prakan and Pathumthani

Note: Info as of June 2020

AIMIRT Asset Profile (3)

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Property Type /1 Investment Type /1

Note: Info as of June 2020/1 Percentage of total revenue of all projects

85,580 kl.

85,580 kl.

30,328 sq.m.

Cold Storage21.53%

BIP - WH 5.36%

TIP - WH 21.18%

Chemical Tank44.15%

Warehouse 34.32% 96,958 sq.m.

85,580 kl.

30,328 sq.m.

Freehold45.07%

Leasehold54.93%

3Operational Highlights

Diversified Portfolio with 100% Occupancy Rate

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Note: Info as of June 2020/1 Percentage of total revenue of all projects/2 Including some of JWD cold storage customers

Well-Recognized Tenants /1 Leasable Area & Occupancy Rate

Cold Storage /2

21.53%

Warehouse34.32%

Chemical Tank44.15%

96,958 sq.m.

30,328 sq.m.85,580 kl. 61,267

sq.m.85,580

kl.

127,286 sq.m.

85,580 kl.

127,286 sq.m.

100% 100% 100% 100% 100%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Q3/2019 Q4/2019 Q1/2020

Occ

up

ancy

Rat

e

Leas

able

Are

a

Leasable Area Occupancy Rate

Q1/2020 Q2/2020Q2/2019

“Occupancy rate remains at 100% of all project amidst COVID-19”

Well-Diversified Tenants

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Tenants’ Nationality /1 Tenants’ Industry /1

Note: Info as of June 2020/1 Percentage of total revenue of all projects

7.55%

6.49%

6.19%

4.55%

75.22%

Thai

Japanese

USA

Dutch

Australian

German

Chinese

Malaysian 2.43%Singaporean 0.72%

8.41%

3.28%

59.38%

Cold Storage & Logistics Service Provider

Manufacturer of Refined

Petroleum Products

Manufacturer of Other Petroleum ProductsTrader of Refined

Petroleum Products

Logistics

Industrial & HouseholdElectronics Appliances

Packaging

Office Equipments 2.06%

Aviation Parts 1.97%

Air Conditioning System 1.48%

23.91%

17.85%

12.38%

5.29%

3.61%

6.86%

10.02%

23.89%

14.53% 17.19%

5.36%

3.28%

27.47%

32.08%

9.07%

0.00%2.06%

0.00%

29.31%

Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 After Y2025

Lease Structure

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Lease Expiry /1Lease Term /1

Most of contracts expiring in Y2020 will be expired in Q4, of which more than 80% are tenants that have been leasing assets for more than 15 years

>=9 years29.53%

< 3 years24.27%

3 - 5 years35.54%

5 - 9 years8.82%

Note: Info as of June 2020/1 Percentage of total revenue of all projects

4Financial Performance

Total Income

Strong Performance with Solid Outlook

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• Robust growth YoY was mainly contributable from new assets investment since August 2019, strengthening diversified portfolio and revenue stability

• Q2/2020 performance remained strong with no impact from COVID-19

• With fully occupied assets since IPO supported by long-term lease with tenants from robust industries and overall portfolio diversification, we expect to see continued solid financial performance

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Unit: Million Baht

Total AssetUnit: Million Baht

Net Investment IncomeUnit: Million Baht

205.9% YoY

0.0% QoQ

218.1% YoY

2.3% QoQ

175.3% YoY

11.8% QoQ

46.6

142.5 142.5

Q2/2019 Q1/2020 Q2/2020

31.3

97.2 99.4

Q2/2019 Q1/2020 Q2/2020

2,522.5

6,933.2 6,945.0

Q2/2019 Q1/2020 Q2/2020

Solid Distribution Payment Distribution Per Unit (DPU)

Note: /1 Total distribution of Baht 0.1926 per unit is from operating result of Q1/2018 (from 1 January 2018 to 31 March 2018) at the rate of Baht 0.1852 per unit and from operating result from 22 December 2017 (date of incorporation) to 31 December 2017 at the rate of Baht 0.0074 per unit.

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Un

it: B

aht/

Un

it

0.1926 0.1861 0.1902 0.1985

Highestquarterly dividend payment

since IPOInterim dividend of 4 months

from operating period of 1 Apr to 31 Jul 2019 paid to existing unitholders before the

additional investment Distribution of 2 months

from operating period of 1 Aug to 30 Sep 2019

0.84p.a.

~0.20470.1822

0.2430

0.1365

0.2047

Q2/2018 Q3/2018 Q4/2018Q1/2018 /1 Q1/2020Q1/2019Q2 & Jul

2019Aug & Sep

2019Q4/2019

0.2100

Q2/2020

AIM REIT Management Company Limited

62 The Millennia Tower Unit 1601, 16th Floor

Soi Langsuan, Lumpini, Pathumwan,

Bangkok

Tel: +66 2254 0441-2

Email: [email protected]

Website: www.aimirt.com

Facebook: AIM Group

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SCB Asset Management Company Limited

18 SCB Park Plaza 1, 7-8th Floor

Ratchadapisek Road, Chatuchak,

Bangkok

Tel: +66 2949 1500

Website: www.scbam.comTrusteeREIT Manager