2Q2016

ASSET

ENHANCEMENTS

Enhancements To Date

45

Menara Axis:

Handicap-friendly Loading Ramp, Drop-Off Area Columns, Ground Floor

Lobby Columns, Typical Toilets on All Floors

Wisma Academy:

Lifts Upgrading, Carpark Lighting Upgrading

Axis PDI Centre – Proposed

Development (Before)

50 acre site

46

Axis PDI Centre – Proposed

Development (After)

47

Axis PDI Centre – Proposed Development

The existing site is centrally located in the heart of the Klang Valley, enjoying a wide frontage onto the Klang / Banting Highway (E5), 3.8km from the proposed LRT3 Johan Setia LRT Station.

Lebuhraya Shah Alam

Lebuhraya Lembah Klang Selatan

Subject Property

Proposed Johan Setia

LRT Station

48

2Q2016

INVESTMENTS

REPORT

Beyonics iPark Campus, Kulaijaya, Johor

Completion Date : 28 January 2016

Land Area : Approx. 10 acres

Land Tenure : Freehold

Occupancy : 100%

Purchase Price : RM61 million

Projected Net Property Yield : 7.12%

WALE : 10 years

Completed Acquisitions

50

Ongoing Acquisitions

Kerry Warehouse – Pasir Gudang, Johor

Land Area : Approx. 6 acres

Land Tenure : Leasehold

Occupancy : 100%

Purchase Price : RM33 million

Projected Net Property Yield : 7.5%

WALE : 5 years

51

Scomi Facility – Rawang, Selangor

Land Area : Approx. 15.25 acres

Land Tenure : Freehold

Occupancy : 100%

Purchase Price : RM42 million

Projected Net Property Yield : 7.3%

WALE : 15 years

Ongoing Acquisitions

52

Prospective Acquisition Targets

The Manager is currently undergoing assessments for the following assets as future

acquisition targets:

1. Industrial facility in SiLC, Iskandar Puteri, Johor for RM55 million

2. Industrial facility in Seberang Prai, Penang for RM24 million

3. Industrial facility in Seberang Prai, Penang RM34 million

4. Industrial facility in Kulim, Kedah for RM20 million

5. Industrial facility in Seberang Prai, Penang for RM55 million

Total Estimated Value of RM188 million

53

2Q2016

INVESTOR RELATIONS

REPORT

Unit Price Performance YTD 2016

55

AXREIT: 1 Jan 2014 – 30 Jun 2016

2.85

3.09

3.38

3.50

3.37 3.31

3.55 3.54 3.62

3.69

3.55 3.62 3.58

3.69

3.53 3.62

3.53 3.45

3.34 3.27

1.69 1.65 1.61 1.64 1.55 1.55

1.61 1.66 1.70 1.70

1.00

1.50

2.00

2.50

3.00

3.50

4.00

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Pre-Unit Split Price Post-Unit Split Price

Unit Price Movement YTD 2016

56

Price Statistics

AXREIT vs KLCI: 1 Jan 2013 – 30 Jun 2016

2Q2016: Unit Price @ 30 Jun 2016 RM1.70

1Q2016: Unit Price @ 31 Mar 2015 RM1.61

Highest Price YTD: June 2016 RM1.73

Lowest Price YTD: March 2016 RM1.50

80%

90%

100%

110%

120%

130%

140%

1/1

/20

13

1/2

/20

13

1/3

/20

13

1/4

/20

13

1/5

/20

13

1/6

/20

13

1/7

/20

13

1/8

/20

13

1/9

/20

13

1/10/2…

1/11/2…

1/12/2…

1/1

/20

14

1/2

/20

14

1/3

/20

14

1/4

/20

14

1/5

/20

14

1/6

/20

14

1/7

/20

14

1/8

/20

14

1/9

/20

14

1/10/2…

1/11/2…

1/12/2…

1/1

/20

15

1/2

/20

15

1/3

/20

15

1/4

/20

15

1/5

/20

15

1/6

/20

15

1/7

/20

15

1/8

/20

15

1/9

/20

15

1/10/2…

1/11/2…

1/12/2…

1/1

/20

16

1/2

/20

16

1/3

/20

16

1/4

/20

16

1/5

/20

16

1/6

/20

16

KLCI AXREIT

Volume Movement YTD 2016

57

Volume Statistics

AXREIT: 1 Jan 2014 – 30 Jun 2016

Average Monthly Volume 2016 11,158,717

Highest Monthly Volume: March 2016 32,708,200

Lowest Monthly Volume: February 2016 3,032,900

33,826,000

27,806,000

18,616,000

9,489,200

11,271,000

8,030,800 8,638,200

11,143,400

9,109,200

15,849,600

9,349,000

21,092,600

40,208,000

12,995,800

27,347,800

21,028,800

11,328,600

23,451,400

39,783,200

22,491,600

9,712,000 8,930,700

4,370,900

8,875,800

6,433,500

3,032,900

32,708,200

7,690,600

3,928,000

13,159,100

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

30,000,000

35,000,000

40,000,000

45,000,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Top 10 Unitholders YTD 2016

58

1 AMANAH SAHAM BUMIPUTERA 11.93%

2 EMPLOYEES PROVIDENT FUND 10.30%

3 LEMBAGA TABUNG HAJI 5.43%

4 TEW PENG HWEE @ TEOH PENG HWEE 5.04%

5 ALEX LEE LAO 4.53%

6 PERMODALAN NASIONAL BERHAD 3.60%

7 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) 2.61%

8 EXEMPT AN FOR EASTSPRING INVESTMENTS BERHAD 2.47%

9 AMANAH SAHAM MALAYSIA 2.39%

10 AMANAH SAHAM WAWASAN 2020 2.18%

Holdings Breakdown Units Held 2Q2016 Units Held 1Q2016 Q-on-Q Change

Top 5 Unitholders 37.23% 36.51% 0.72%

Top 10 Unitholders 50.48% 50.31% 0.17%

Unitholders with > 2 million unitholdings

87.37% 87.01% 0.36%

Analysis of >2 million Unitholders

59

Top 5 increases in unitholdings:

Top 5 decreases in unitholdings:

Last Quarter Increase

AMANAH SAHAM DIDIK 0.4%

LEMBAGA TABUNG HAJI 0.4%

AMANAH SAHAM WAWASAN 2020 0.3%

SKIM AMANAH SAHAM BUMIPUTERA 0.3%

BNP PARIBAS SECS SVS PARIS FOR REIT ASIEN 1 0.3%

Last Quarter Decrease

ETIQA TAKAFUL BERHAD -0.6%

KUMPULAN WANG PERSARAAN (DIPERBADANKAN) -0.4%

EXEMPT AN FOR BNP PARIBAS SECURITIES SERVICES (CLT ASSET-AIFM) -0.3%

SIX SIS FOR B&I PACIFIC REAL ESTATE SECURITIES FUND -0.2%

PERMODALAN NASIONAL BERHAD -0.1%

Investor Visibility and Liquidity YTD 2016

60

Quarter-on-quarter, total number of CDS accounts decreased by 72 to 3,719.

No. of CDS Accounts

Units Held 2Q2016 Units Held 1Q2016 Q-on-Q

Change Total foreign holdings 12.37% 12.69% -0.29%

Foreign holdings – related-party 7.65% 7.64% 0.17%

Foreign holdings – non-related-party 4.72% 5.05% -0.46%

Promoters 13.98% 13.96% 0.19%

1,652

2,080

2,420

2,702 2,850

3,009 3,176 3,200 3,219 3,309

3,611 3,790 3,718

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2008 2009 2010 2011 2012 2013 2014 1Q2015 2Q2015 3Q2015 4Q2015 1Q2016 2Q2016

Analyst Coverage 2Q2016

Coverage Rating Target Price (RM) Published Date

AffinHwang Hold 1.65 26-Apr-16

Alliance DBS Hold 1.60 26-Apr-16

CIMB Buy 1.80 26-Apr-16

Hong Leong IB Hold 1.60 26-Apr-16

KAF Hold 1.70 26-Apr-16

Kenanga Hold 1.60 26-Apr-16

Maybank Hold 1.55 26-Apr-16

MIDF Hold 1.71 26-Apr-16

UOBKayHian Hold 1.68 26-Apr-16

Nomura Buy 1.81 6-May-16

S&P Capital IQ Consensus 1.71 14-Jul-2016

Recommendation Movement 2Q2016 1Q2016

Buy ↑ 2 0

Hold ↑ 8 5

Sell ↔ 0 0 61

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