Investor Presentaiton

Implementation of Growth Strategies Through Collaboration with AEON Group EON イオンリート AEON REIT will aim to achieve steady portfolio growth over the medium-to-long term by fully utilizing AEON group's comprehensive strengths - Developing, leasing, operating and managing AEON group's various types of retail properties etc. Portfolio formation mainly led by large-scale retail properties ■ AEON Group's large-scale retail properties top-class regional retail properties with competitive advantage. ■Large-scale retail properties can deal with changes by lifestyle and needs of customers and secure position as top-class regional retail related properties with competitive advantage. Numerous specialty stores GMS, Dept. stores (Core tenants) Large-scale retail properties Community facilities Expanding the portfolio to include logistics facilities supporting AEON Group ■ Establishing an efficient group supply chain intensification by strategically locating and operating group logistics facilities. Enhancing relations with Sponsor Group Capitalizing on AEON Group's overseas strategy ■ Acquisition of full-scale overseas properties as J-REIT's first practice ■In Malaysia where AEON Group has more than thirty-year track records, planning to acquire AEON MALL Seremban2, full-scale- mall-type RSC (approx. ¥5.2 billion). Major stores of AEON Group in Malaysia Acquisition of full-scale overseas properties as J- REIT's first practice Entertainment facilities Implementation of new redevelopment strategy cooperating with Sponsor Group Expecting to realize internal growth by establishing WIN-WIN relations ■ Planning renovation through floor-space expansion following to AEON MALL Morioka. ■Internal growth utilizing Sponsor's know-how (abilities of retail properties development & operation). ■Contributing to NOI increase without taking risk to attract tenants in re-development. ■ Implementing drastic renovation for existing building as well, with development for expanded building by AEON Mall Co., Ltd. ■ AEON Mall Co., Ltd. can also enhance expansion strategy for excellent stores without considering land acquisition cost. Acquisition of completed building + Internal growth EON Implementation of Growth Strategies Through Collaboration with AEON Group Development EON MALL ALION Diversification of property acquisition methods mobile property acquisition by obtainment of AEON MALL Kofu Showa Store renovation by investment revitalization and Enhancement of internal growth ■ Enhancing internal growth by rent increase, continuing investment in revitalization contributing to improve values of retail properties and making efforts to maintain and improve competitiveness. ■ Realizing AEON MALL Seremban2 preferential negotiation rights. AEON MALL Oyama ■ Able property mobility to acquire utilizing and available capacity by utilizing various AEON MALL Tomakomai acquisition methods. Property acquisition in the period as AEON REIT'S first practice AEON MALL Morioka AEON Mall Yokkaichi-Kita Action for the 2016 Kumamoto Earthquake and future policies ■ In AEON MALL Kumamoto affected by the earthquake, restoration construction completed at the earliest by cooperating with AEON Mall Co., Ltd. ■ For Sub-Anchor Zone, planning to rebuild after tear-down in order to revive it as property with more competitiveness and safety. 20

View entire presentation