Investor Presentaiton
Promoting Diversification of Revenue Sources by Investing in Malaysia ON
Investing in Malaysia where Sponsor Group has a business history of over 30 years.
Realized increase in rent linked to CPI for the first time
Property Name
AEON Taman Universiti
Shopping Centre
Acquisition price
Appraisal value
AEON MALL Seremban2
20 million RM
21.5 million RM
Completion date
Appraisal NOI yield
2002
7.2%
215 million RM
230 million RM
2005
6.30%
(after tax: 4.20%)
Conducted investment in Malaysia where the Group has a
track record
The sponsor group has a track record of over 30 years in Malaysia, and
possesses know-how about laws, taxation and accounting, etc. on real
estate
Like in Japan, the AEON Group has established a solid position as a retailer
in Malaysia, and can acquire properties after checking if they have
suff
EON
Enriching Your Lifestyle
Company Name
AEON Co. (M) BHD.
Major stores of
AEON Group in Malaysia
Achieved an increase in rent linked to CPI
イオンリート
In Malaysia where economic growth is anticipated, expectation
for realization of future internal growth by CPI linked rent every
3 years
□ Leasing business cost is net lease borne by the lessee to avoid risks
Summary of master lease agreement
The 10-year agreement commands a fixed rent and cannot be cancelled during the lease period
as a rule.
The rent is to be adjusted every three years after the conclusion of the lease agreement, in
accordance with the fluctuations in the CPI (consumer price index) announced by Malaysia's
Department of Statistics. (However, the amount of adjustment shall not exceed 10% of the
monthly rent before the adjustment).
Leasing business cost is net lease borne by the lessee (Only applied to Seremban2)
Actual increase in rent (AEON Taman Universiti Shopping Centre)
Appraisal value of Taman Universiti
(million RM)
22
Three years have passed since the
conclusion of the lease agreement
Achieved an increase in rent by
7.35% over current rent linked to
CPI
Changes in CPI in Malaysia and Japan
CPI( Malaysia
21.5
21.5
+7.5%
21
20.5
20
19.5
19
с
after rent revision
acquisition
CPI Japan
forecast
145
Acquisition of full-scale
overseas properties as J-
135
REIT's first practice
125
Date of
establishment
September 15, 1984
115
Major
105
O
www
shareholders and
AEON Co., Ltd. 51.0%
Ownership ratio
95
AEON MALL
Seremban2
85
702 million RM
Capital
75
T
T
T
T
T
T
T
T
T
T
T
(2017/1/31)
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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1
1
1
1
1
1
1
1
1
1
2
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0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
0
1
() IMF World Economic Outlook Database, April 2017
40View entire presentation