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Investor Presentation April / May 2015

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Investor Presentation

April / May 2015

2

This presentation has been prepared by SB REIT Management Pte. Ltd., as manager of Soilbuild Business Space REIT (“Soilbuild REIT”) (the “Manager”) solely for use at this presentation and is subject to change without

notice. The presentation is being made to you on a confidential basis and solely for your information and may not be reproduced, disclosed or distributed to any other person.

By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations:

This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or the solicitation or invitation of any offer to buy or acquire or subscribe for any securities of

Soilbuild REIT or any of its subsidiaries or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in

connection with, any contract or commitment or investment decision whatsoever. This presentation is not financial, legal, tax or other product advice.

This presentation and the information contained herein is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the

opinion.

This presentation has been prepared by the Manager based on information available to them for use at a non-deal road show presentation by the Manager for selected recipients for information purposes only and does not

constitute a recommendation regarding any securities of Soilbuild REIT. The information has not been independently verified by DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited (the “Banks”). None of the

Banks accepts any responsibility for the contents of this presentation or the presentation materials or for any other statement made, or purported to be made, by any of the Banks. No representation, warranty or undertaking,

express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of the DBS Trustee Limited (in its capacity

as trustee of Soilbuild REIT) (the “Trustee”), the Manager, the Banks or any of their respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever

arising from any use of this presentation or its contents or otherwise arising in connection with the document.

This presentation is highly confidential and being given solely for your information and for your use and may not be retained by you nor may this presentation, or any portion thereof, be shared, copied, reproduced or

redistributed to any other person in any manner.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the Manager, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements

involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of Soilbuild REIT or industry results, to differ materially from the

results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this presentation are cautioned not to place

undue reliance on these forward-looking statements.

The statements contained in this document is based on the economic, regulatory, market and other conditions as in effect on the date hereof and speak only as at the date as of which they are made, and the Trustee, the

Manager and the Banks expressly disclaim any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or

circumstances on which any such statements are based. By preparing this presentation, none of the Manager, its management, and their respective advisers undertakes any obligation to provide the recipient with access to

any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

This presentation has not been and will not be registered as a prospectus under the Monetary Authority of Singapore. Accordingly, this presentation is only addressed to and directed at persons in Singapore who are (i)

institutional investors under Section 274 of the Securities and Futures Act (Chapter 289 of Singapore) (“SFA”), or (ii) relevant persons pursuant to Section 275(1), or any persons pursuant to Section 275(1A), and in

accordance with the conditions specified in Section 275, of the SFA or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA.

By reviewing this presentation, you are deemed to have represented and agreed that you and any customers you represent (1) are either an institutional investor as defined under Section 4A(1) of the SFA, a relevant person

as defined under Section 275(2) of the SFA or a person referred to in Section 275(1A) of the SFA, and (2) agree to be bound by the limitations and restrictions described herein. The distribution of this presentation in certain

jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions.

This presentation is not an offer for sale of securities in the United States or elsewhere where such offer would be unlawful. The securities of Soilbuild REIT described herein have not been and will not be registered under the

U.S. Securities Act of 1933, as amended (the Securities Act), and may not be offered, sold or delivered within the United States or to U.S. persons (as such terms as defined in Regulation S under the Securities Act) absent

from registration under or an applicable exemption from the registration requirements of the United States securities law. Neither the information contained in this presentation nor any copy hereof may be, directly or indirectly,

taken or transmitted into or distributed in the U.S., Canada, Australia, Japan or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may

constitute a violation of the United States or other national securities laws. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will not

be accepted.

By reviewing this presentation, you are deemed to have represented and agreed that you and any customers you represent are not a U.S. person and are outside of the United States and not acting for account or benefit U.S.

persons.

Disclaimer

About Soilbuild REIT

4

Overview of Soilbuild REIT

Investment

MandatePrimarily in business space assets located in

Singapore

Portfolio10 properties valued at S$1.09 billion(1)

NLA of 3.33 million sq ft

Sponsor

Soilbuild Group Holdings Ltd.

– Leading integrated property group based in

Singapore with close to 40 years of

experience

– NAV of c.S$600 million as of 31 December

2014

Sponsor

Stake 23.9%(2)

Manager SB REIT Management Pte. Ltd.

Credit

Rating BBB- (Standard & Poor’s)

Note:

(1) As at 31 March 2015; (2) Pro forma sponsor stake after the close of the S$90 million private placement (refer to SGX Announcement dated 22 April 2015).

Sponsor

Soilbuild Group

Holdings Ltd.

Public

Unitholders

Manager

SB REIT

Management Pte. Ltd.

23.9%(2) 76.1%(2)

100%

Trustee

DBS Trustee Limited

Property

Portfolio

Property Manager

SB Property Services

Pte. Ltd.

5

Soilbuild Business Space REIT aims to be a successful business space real estate

investment trust with a quality portfolio of assets to deliver stability and growth

Vision

To deliver stable and growing returns to Unitholders by actively managing our assets and

expanding our portfolio

Mission

Integrated Sponsor

PlatformLocation, Quality and

Specification of Assets

Our Competitive Advantage

Differentiated

Acquisition Capability

Overview of Soilbuild REIT

6

Soilbuild REIT Roadmap

16 Aug 2013:

Listed on SGX-ST

22 Jan 2014:

Assigned BBB- corporate

investment grade credit

rating

26 May 2014:

Completed maiden

acquisition of Tellus

Marine for S$18.2 million

16 Jul 2014:

Awarded “Best Investor

Relations” and “Best

Annual Report”

3Q 2014:

Solaris awarded National Parks

Landscape Excellence

Assessment Framework Award,

Asia Green Building Awards and

AIA Merit Award for Architecture

Excellence

31 October 2014:

Completed KTL Offshore

acquisition for S$55.7 million

23 Dec 2014:

Completed Speedy-Tech

acquisition for S$24.3 million

12 Mar 2015:

Announced acquisition of

Technics for S$98.1 million

17 Mar 2015:

Agreement with JTC

to pay Solaris Land

Premium upfront

11 Feb 2015:

Solaris Greenmark

Platinum award

renewed

22 Apr 2015:

Successful launch of Soilbuild

REIT’s first equity fund raising of

S$90 million via private placement

25 Apr 2015:

Set up of S$500 million

Medium Term Notes (“MTN”)

programme

7

1. Committed Sponsor 5. Stability of cashflows

2. Strong Financial Position 3. Best-in-class portfolio 4. Favourable tenancy profile

– Well-staggered lease expiry profile with

WALE of 3.8 years(3) by Gross Rental

Income

– Aggregate leverage of 36.1%(1)

– Outperformance against

the IPO Forecast for all

six quarters

– c. 92% of debt hedged via interest rate

swaps(2)

– Good balance between multi-tenanted

and master lease properties

– Favourable security deposit

tenure for master leases

– Sponsorship by

leading integrated

property group

with 40 years of

track record

– Provides access to end-to-end

integrated real estate capabilities

– Sponsor ROFR pipeline could further

expand portfolio size

Notes:

(1) Pro forma aggregate leverage after the acquisition of 72 Loyang Way and close of the S$90 million private placement (refer to SGX Announcement dated 22 April 2015); (2) After interest rate swaps entered into on 15 April 2015; (3) As at

31 March 2015.

– Long-term master

leases provide

certainty

– Multi-tenanted properties anchored by

multinational companies (“MNCs”) with

established track record

– Corporate Investment grade

rating of BBB- from S&P

Compelling Credit Story

– Quality building specifications and

designs with established tenant

base

– Strategically located

portfolio

– Longest remaining land lease

tenure of 48.6 years(3)

– High proportion of business

park properties– Well-diversified tenant base

and trade sectors

– Portfolio occupancy of

100.0%(3)

1

2

3

4

5

Committed & Reputable

Sponsor

Best-in-class

Portfolio With

Unique Competitive

Strengths Favourable

Tenancy & Lease

Profile

Stability of

Cashflows

Strong Financial

Position & Prudent

Capital Management

Key Credit Highlights

9

Strong Support from Experienced Sponsor

Only

Industrial

REIT

Sponsor with

End-to-End

Integrated

Capabilities

B

Strong

Sponsor

Provides

Benefits to

Soilbuild

REIT

Integrated property group with 40 years track record in end-to-end construction and development

Provides financial strength with net asset value (“NAV”) of c. S$600 million(1)

Single focus – Soilbuild REIT is the Sponsor’s first and only REIT vehicle

Committed to support Soilbuild REIT over the long term with Sponsor stake of 23.9%

Sponsor pipeline of four ROFR assets with maximum potential GFA of 2.3 million sq ft

A

Construction

End-to-End Construction

BCA ‘A1’ grading for

general building

Multi-Discipline Team

Public & Private Sector

Range of Asset Classes

Balance Sheet

Focus on End Users

Innovative Designs

Quality

Location

Tenant Retention

Relationship with Brokers

Dedicated TeamEstablished Relationships

with Govt. Agencies

Asset Enhancements

Income Optimisation

Experienced Management

Team

Capital Management

Relationship with Vendors

Operations cover full spectrum of value chain

DevelopmentLease

Management

Asset / Property

Management

Fund

Management

Integrated

Real Estate

Platform

Note:

(1) As at 31 Dec 2014

1

2

3

4

5

Key Credit Highlights

Committed & Reputable

Sponsor

Best-in-class

Portfolio With

Unique Competitive

Strengths Favourable

Tenancy & Lease

Profile

Stability of

Cashflows

Strong Financial

Position & Prudent

Capital Management

11

Balance Sheet Position

All figures S$’000 unless otherwise statedUnaudited Actual

as at 31 March 2015

Audited Actual as at

31 December 2014

Investment Properties 1,087,955 1,030,700

Other Assets 26,370 23,272

Total Assets 1,114,325 1,053,972

Borrowings 390,321 368,924

Other Liabilities 71,151 34,268

Net Assets 652,853 650,780

Units in Issue (‘000) 815,751 812,993

Net Asset Value per Unit (S$) 0.80 0.80

12

Prudent Capital Management

Total Bank Financing Facilities Available S$385 million

Total Bank Debt Drawn Down S$374 million

Total Assets S$1,114 million

Aggregate Leverage 36.1%(2)

Average All-in Interest Cost 3.28%

% of Interest Cost fixed 92.2%(3)

Interest Coverage Ratio 4.7x

Weighted Average Debt Maturity 2.0 years

Debt Maturity Profile (1)

(S$ Million)

95 95 90 94

55

2015 2016 2017 2018

Debt Drawn Sponsor Interest-Free Loan

22.1% 22.1% 21.0% 34.8%% of Debt

Maturing

Notes:

(1) As at 31 March 2015; (2) Pro forma aggregate leverage after the acquisition of 72 Loyang Way and close of the S$90 million private placement (refer to SGX Announcement dated 22 April 2015); (3) After interest rate swaps entered into on

15 April 2015.

13

Prudent Capital Management (Cont’d)

Financial MetricsActual

as at 31 March 2015

Actual as at

31 December 2014

Aggregate Leverage 38.5% 35.4%

Interest Coverage Ratio 4.7 5.3

Average Term to Maturity for Debt (in years) 2.0 2.1

Average All-In Cost of Debt 3.28% 3.19%

Bank debt facilities to date have been agreed on a club basis with banks such as DBS, UOB,

OCBC, HSBC, Citi and RHB Bank

Soilbuild REIT has been well supported by these banks and has ready access to S$ funding

Aggregate Leverage has been reduced to c. 36.1% after the recent private placement

The equity private placement was oversubscribed and achieved the tightest discount for

S-REITs in the past two years, confirming the support of investors

1

2

3

4

5

Key Credit Highlights

Committed & Reputable

Sponsor

Best-in-class

Portfolio With

Unique Competitive

Strengths Favourable

Tenancy & Lease

Profile

Stability of

Cashflows

Strong Financial

Position & Prudent

Capital Management

15

NLA: 203,459 sq ft

Valuation: S$97.0 million

Technics Offshore

Portfolio Overview

Keppel

TerminalSentosa

Jurong Island

Jurong Port

Second Link

(Tuas Checkpoint)

PSA

Terminal

Tuas Port

(2022)

ONE-NORTH

CHANGISIMEI

EXPOJOO KOON

BOON LAY

PIONEER

BUONA VISTA

SolarisNLA: 441,533 sq ft

Valuation: S$357.2 million

Eightrium

NLA: 177,286 sq ft

Valuation: S$102.0 million

NLA: 1,240,583 sq ft

Valuation: S$319.0 million

COS PrintersNLA: 58,752 sq ft

Valuation: S$11.2 million

Tuas ConnectionNLA: 651,072 sq ft

Valuation: S$126.0 million

BK Marine

NLA: 73,737 sq ft

Valuation: S$15.3 million

West Park BizCentral

NLA: 312,375 sq ft

Valuation: S$62.0 million

Valuation(1) S$1,088.0 million

Total NLA 3.33 million sq ft

WALE (by GRI) 3.8 years

Occupancy 100%

Portfolio Summary

CBD

Industrial Properties

Business Park Properties

Tellus MarineNLA: 77,162 sq ft (2)

Valuation: S$15.0 million (2)

SEMBAWANG

NLA: 208,057 sq ft

Valuation: S$56.0 million

KTL Offshore

NK Ingredients

NLA: 93,767 sq ft

Valuation: S$24.3 million

Speedy-Tech

Notes:

(1) Based on Savills’ & Colliers’ valuations dated 31 December 2014. KTL Offshore and Speedy-Tech based on valuations carried out at the time of acquisition. The carrying value of Solaris is based on valuation report dated 17

Feburary 2015 by Colliers plus stamp duty on the upfront land premium incurred.

(2) NLA and Valuation excludes the construction of a new annex to Tellus Marine.

Proposed Acquisition

announced on

12 March 2015

16

Portfolio Summary

Property TypeLease

Arrangement

Property

Age(1)

(Years)

Remaining

Land Lease(2)

(Years)

Occupancy

Rate(2)

FY2014

Gross Rental

(S$ Million)

Carrying

Value(3)

(S$ Million)

SolarisBusiness

Park

Master

Lease3.5 53 100.0% 17.0 357.2

West Park BizCentralMulti-User

Ramp-up Factory

Multi

Tenanted2.5 54 100.0% 23.4 319.0

Eightrium @ CBPBusiness

Park

Multi

Tenanted7.5 51 100.0% 9.0 102.0

Tuas ConnectionMulti-User

Land Based Factory

Multi

Tenanted4.7 36 100.0% 10.7 126.0

NK IngredientsSingle-User

Factory

Master

Lease

Ph1: 23.7

Ph2: 7.7 (4)32 100.0% 4.7 62.0

COS PrintersSingle-User

Factory

Master

Lease18.2 27 100.0% 0.9 11.2

Beng Kuang MarineSingle-User

Factory

Master

Lease14.9 42 100.0% 1.1 15.3

Tellus MarineSingle-User

Factory

Master

Lease16.5 39 100.0% 1.2 (5) 15.0 (7)

KTL OffshoreSingle-User

Factory

Master

Lease

No. 61: 5.6

No. 71: 5.951 100.0% 3.7 (5) 56.0

Speedy-TechSingle-User

Factory

Master

Lease11.2 35 100.0% 1.8 (5) 24.3

Total Portfolio 5.6 48.6 100.0% 73.5 (6) 1,088.0

Notes:

(1) Age from issue of CSC (as at 31 Mar 2015); (2) As at 31 Mar 2015; (3) Based on Savills’ & Colliers’ valuations as at 31 December 2014. The carrying value of Solaris is based on the valuation report dated 17 February 2015 by

Colliers plus stamp duty on the Solaris upfront land premium incurred; (4) Phase 1 of development received CSC in Jul 1991 and Phase 2 of development received CSC in Aug 2007; (5) Annualised Gross Rental Income for FY2014;

(6) Includes annualised gross rental income for Tellus Marine, KTL Offshore and Speedy-Tech, Actual FY2014 Gross Rental Income was S$68.1 million; (7) Valuation excludes the construction of a new annex to Tellus Marine.

17

Best-in-Class Portfolio

Properties well regarded and have

won multiple accolades

Weighted average age of 5.6 years(1)

Longest Land Lease Expiry of 48.6 years(2)

Sponsor Properties designed and constructed to offer high

specifications (e.g. Exclusivity, high power voltage, direct ramp-

up access and flexible configurations), resulting in strong tenant

demand

Notes:

(1) Age from issue of CSC; Weighted by GFA; (2) Weighted by valuation as at 31 Dec 2014; (3) Source: Phillip Securities Research Report dated 16 March 2015.

Underlying Land Lease Tenures(3)

(Years)

48.646.1 45.8

43.040.9 40.5

38.4 37.9

30.6

AREIT MINT MLT Viva AIMS AMP CIT Sabana Cache

Efficient Designs and High Quality Building

SpecificationsB

Strong Tenant DemandC

One of the Youngest Portfolios of Business Space

PropertiesD

Located close to key technology, media and back office hubs,

logistics clusters and transportation ports

Situated close to major road infrastructures and MRT stations

Strategic Locations and Excellent ConnectivityA

1

2

3

4

5

Key Credit Highlights

Committed & Reputable

Sponsor

Best-in-class

Portfolio With

Unique Competitive

Strengths Favourable

Tenancy & Lease

Profile

Stability of

Cashflows

Strong Financial

Position & Prudent

Capital Management

19

MNC69%

SME26%

Government Agency

5%

12%

15%

32%

23%

7%

1%1% 2% 5% 2% Eightrium @ Changi Business

ParkTuas Connection

West Park BizCentral

Solaris

NK Ingredients

COS Printers

Beng Kuang Marine

Tellus Marine

KTL Offshore

Speedy-Tech

% of Monthly

Gross Rental

Income

Well-Diversified Portfolio

111

tenants in

portfolio

1. Portfolio Income Spread

By Property

1Q FY2015

Gross

Revenue

S$18.6 million

2. Well-spread Trade Sectors(1)

By Gross Rental Income

3. Diversified Tenant Base(1)

By Gross Rental Income

4. Balanced Portfolio with Growth Upside

By Net Property Income

Note:

(1) Inclusive of underlying tenants at Solaris

1Q FY2015

NPI

S$15.8 million

12%

4%

14%

11%

11%6%

6%

8%

2%

2%

4%

20%

Marine Offshore

Oil & Gas

Precision Engineering, Electricaland Machinery ProductsChemicals

Electronics

Fabricated Metal Products

Publishing, Printing & Reproductionof Recorded MediaInformation Technology

Supply Chain Management, 3rdParty Logistics, Freight ForwardingConstruction

Food Products & Beverages

Others

Multi-Tenanted52%

Master Lease48%

20

Quality & Diverse Tenant Base

Top 10 Tenants

By Gross Rental Income (1)

Notes:

(1) For the month of March 2015 and includes underlying tenants at Solaris.

6.7%

4.7%

4.7%

4.5%

4.3%

4.1%

3.7%

3.5%

2.8%

2.5%

NK Ingredients Pte Ltd

SPRING Singapore

KTL Offshore Pte Ltd

John, Wiley & Sons (Asia) Pte Ltd

SB Storage Pte Ltd

Autodesk Asia Pte Ltd

Mediatek Singapore Pte Ltd

Nestle Singapore (Pte) Ltd

Dyson Operations Pte Ltd

Speedy-Tech

The largest tenant accounts for 6.7% of gross rental income

Included in the Top 10 tenants are well-established MNCs

21

18.4%

16.6%

11.5%

22.4%

31.1%

14.1%15.3%

11.9%

32.8%

25.9%

2014 2015 2016 2017 2018 >2018

Lease Expiry Profile by NLA Lease Expiry Profile by Rental Income

29.7%

17.0%

Well Staggered Lease Expiry Profile

WALE (by NLA)

4.0 years

WALE(by Gross Rental Income)

3.8 years

Portfolio Lease Expiry Profile

By % of NLA & % of Rental Income

Lease Renewed / Re-let

1

2

3

4

5

Key Credit Highlights

Committed & Reputable

Sponsor

Best-in-class

Portfolio With

Unique Competitive

Strengths Favourable

Tenancy & Lease

Profile

Stability of

Cashflows

Strong Financial

Position & Prudent

Capital Management

23

Embedded Stability Mechanisms

5 Years

7 Years

7 Years

10 Years

10 Years

10 Years

15 Years

Solaris

KTL Offshore

BK Marine

Speedy-Tech

Tellus Marine

COS Printers

NK Ingredients

Long-term Master Leases Provide Stability

Lease Term from start of Master Lease Agreement

Long Security Deposits Mitigate Cashflow Risk

No. of Months

Quality Underlying Tenants of Multi-tenanted Properties

12.0

12.0

12.0

6.0

18.0

12.0

12.0

Solaris

KTL Offshore

BK Marine

Speedy-Tech

Tellus Marine

COS Printers

NK Ingredients

Eightrium

Nestle 32%

DBS13%

Other tenants

55%

By % of FY2014 Gross Rental Income

Solaris West Park BizCentral

15%

15%

12%

6%

Other tenants

51%

Store12%

Dyson7%

Other tenants

80%

MTN Programme Details

25

Overview of the MTN Programme

Issuer DBS Trustee Limited (in its capacity as REIT trustee for Soilbuild REIT) (the “Issuer”)

Programme Multicurrency Medium Term Note Programme (the “Programme”)

Programme Size S$500 million

Currency Notes may be issued in any currency agreed between the Issuer and the Dealer(s)

Purpose The proceeds can be used for refinancing, new investments and for working capital

Distribution Reg S, Sections 274 and/or 275 of the Securities and Futures Act of Singapore

Listing The Programme shall be listed on the SGX-ST

Each Series of the Notes may, if so agreed between the Issuer and the relevant Dealer(s), be listed on the

SGX-ST or any other recognized stock exchange(s) as may be agreed between parties

Negative Pledge Negative pledge applies

Financial Covenants Consolidated Total Borrowings to Consolidated Total Assets will not be at any time more than 0.60:1

Consolidated EBITDA to Consolidated Interest Expense will not be at any time less than 1.5:1

Governing Law Singapore Law

Under the S$500 million MTN Programme, the Issuer may from time to time issue

Notes or Perpetual Securities denominated in any agreed currency

26

Conclusion

Committed Sponsor1

Stable Operational Performance4

Prudent Capital Management2

Best-in-class Portfolio3

Key Contacts:

Thank You

Shane HaganChief Executive OfficerTel: (65) 6415 5980

Email: [email protected]

Lim Hui HuaChief Financial OfficerTel: (65) 6415 5985

Email: [email protected]