Opportunity Day Q3/2019 127 November 2019

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 Overview

02

Occupancy Rate, Tenant Profile, Lease Expiry Profile

Operational Highlights

03

Financial Information, Distribution Payment

Financial Performance

04

05

Opportunity Day Q3/2019

1Introduction

Name of Trust (English) 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

Asset Type Warehouse Cold Storage and Chemical Tank

Investment Type 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 September 2019

AIMIRT Structure

6

Trust Unitholders

InvestmentDistribution

Appoint

REIT Management

Fee

Property Management

Fee

Lease

Rental and Service Fee

REIT Manager

Monitor and act on behalf of unitholders

Fee

TrusteeNote: Info as of September 2019/1 Including some of JWD cold storage customers

Property Manager

Tenants /1

JWD Project SCC Project

TIP 7 Project TIP 8 Project

BIP Project

AIMIRT Background & Milestone

7

REIT Manager license was granted by Securities and

Exchange Commission (SEC) on 26 January 2017

Jan 2017

AIMIRT Establishment AIMIRT Listed on SET 1st Additional InvestmentREIT Manager License

AIMIRT was listed on SET on 9 January 2018

Jan 2018

AIMIRT has successfully invested in 1st 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

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

The tenants are well-diversified

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

Strategic locations

The tenants are well-diversified across business types and industries

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

AIMIRT Unitholders

9

Rank Top 10 Major Unitholders Units %

1 BANGKOK LIFE ASSURANCE PCL 34,100,000 8.00

2 KRUNGTHAI-AXA LIFE INSURANCE PCL 24,964,184 5.86

3 FWD LIFE INSURANCE PCL 18,750,000 4.40

4 JWD INFOLOGISTICS PCL 15,500,000 3.64

5 ALLIANZ AYUDHYA ASSURANCE PCL 13,860,000 3.25

6 PRINCIPAL PROPERTY INCOME FUND 13,853,562 3.25

7 MUANG THAI LIFE ASSURANCE PCL 9,772,272 2.29

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

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

10 MRS. PORNTIP PIBULNAKARINTR 7,100,000 1.67

Note: Info as of 30 August 2019/1 Before 1st capital increase and additional asset investment/2 After 1st capital increase and additional asset investment

Unitholders’ Structure

Sponsors

12.16%

Institution & Fund42.88%

Retail Investors44.96%

“Well-balanced proportion of institutional and individual

investors”

Institution & Fund 8 Aug 2019 /1 30 Aug 2019 /2

Shareholding Percentage 40.87% 42.88%

Number of Institution 18 24

Number of Mutual Fund 19 28

“Greater number of institutional investors and mutual funds after new assets investment”

2Portfolio Overview

AIMIRT Asset Profile (1)

11

Note: Info as of September 2019

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 units 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%

AIMIRT Asset Profile (2)

12

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

Note: Info as of September 2019

AIMIRT Asset Profile (3)

13

Property Type /1 Investment Type /1

Note: Info as of September 2019/1 Percentage of total revenue of all projects

85,580 kl.

85,580 kl.

30,328 sq.m.

Cold Storage21.54%

BIP - WH 5.36%

TIP - WH 21.15%

Chemical Tank44.16%

Warehouse 34.30% 96,958 sq.m.

85,580 kl.

30,328 sq.m.

Freehold45.06%

Leasehold54.94%

3Operational Highlights

Greater Diversification with 100% Occupancy Rate

15

Note: Info as of September 2019/1 Percentage of total revenue from all projects/2 Including some of JWD cold storage customers

Well-Recognized Tenants /1 Leasable Area & Occupancy Rate

Cold Storage /2

21.54%

Warehouse34.30%

Chemical Tank44.16%

96,958 sq.m.

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

sq.m.61,267 sq.m.

61,267 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

Q4/2018 Q1/2019 Q2/2019

Occ

up

ancy

Rat

e (

%)

Leas

able

Are

a (s

q.m

.)

Leasable Area Occupancy Rate

Q3/2019

Well-Diversified Tenants

16

Tenants’ Nationality /1 Tenants’ Industry /1

Note: Info as of September 2019/1 Percentage of total revenue from all projects

7.55%

6.49%

6.19%

4.55%

75.22%

Thai

Japanese

USA

Dutch

Australian

German 3.28%

Chinese 3.05%

Malaysian 2.43%Singaporean 0.72%

59.42%

Cold Storage & Logistics Service Provider

Manufacturer of Refined Petroleum

Products

Manufacturer of Other Petroleum ProductsTrader of Refined

Petroleum Products

Logistics

Industrial & Household Electronics

Packaging

Office Equipments 2.06%

Aviation Parts 1.97%

Air Conditioning System 1.45%

23.91%

17.84%

12.39%

10.62%

3.61%

6.87%

10.00%

23.91%

14.54%17.20%

5.36%

3.28%

Lease Structure

17

Note: Info as of September 2019/1 Percentage of total revenue from all projects

All contracts expiring in Y2019 have been renewed

Lease Expiry /1Lease Term /1

< 3 years29.65%

3 - 5 years30.16%

5 - 9 years8.80%

>=9 years31.39%

7.33%

27.45%32.08%

1.75% 0.00% 2.06% 0.00%

29.33%

Y2019 Y2020 Y2021 Y2022 Y2023 Y2024 Y2025 AfterY2025

All 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

4Financial Performance

Total Income

Financial Highlights

19

• Substantial growth in Q3/2019 was mainly from new assets investment completely acquired on 9 Aug 2019, strengthening diversified portfolio and revenue stability

• Overall occupancy rate maintained at 100%

• Total assets size increased three times from initial investment in Dec 2017 to Baht 6.8 billion

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Unit: Million Baht

118.9% QoQ

132.8% YoY

Net Investment Income

Unit: Million Baht

31.2 31.4

68.1

Q3/2018 Q2/2019 Q3/2019

Total Assets

Unit: Million Baht

2,401.6 2,522.5

6,785.8

Q3/2018 Q2/2019 Q3/2019

44.0 46.7

102.3

Q3/2018 Q2/2019 Q3/2019

116.9% QoQ

118.4% YoY

169.0% QoQ

182.6% YoY

Solid Distribution Payment Distribution Per Unit (DPU)

Note: /1 Total distribution of Baht 0.1926 per unit are from operating result of Q1/2018 (from 1 Jan 2018 to 31 Mar 2018) at the rate of Baht 0.1852 per unit and from operating result from 22 Dec 2017 (date of incorporation) to 31 Dec 2017 at the rate of Baht 0.0074 per unit.

20

Un

it: B

aht/

Un

it

0.1926 0.1861 0.1902 0.1985 0.1822 0.2430 0.1365

Q2/2018 Q3/2018 Q4/2018Q1/2018 /1 Q1/2019 Q2 & Jul 2019(4 months)

Interim dividend of 4 months

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

before the additional investment

Distribution Period 1 Aug to 30 Sep 2019

(2 months)

Aug & Sep 2019(2 months)

REIT Manager

AIM REIT Management Company Limited

62 The Millennia Tower Unit 1601, 16th Floor

Soi Langsuan, Lumpini, Pathumwan, Bangkok

+66 2254 0441-2

www.aimirt.com

21

ir@aimreit.com

SCB Asset Management Company Limited

7-8th Floor. SCB Park Plaza1 18 Ratchadapisek

Road, Chatuchak, Bangkok

+66 2949 1500

www.scbam.comTrustee