X Rail Asset Fund 1 A Limited partnership for the construction and ownership of passenger railcars...
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Transcript of X Rail Asset Fund 1 A Limited partnership for the construction and ownership of passenger railcars...
X Rail Asset Fund 1
A Limited partnership for the construction and ownership of passenger railcars for leaseback to run on national routes
Investment OpportunityFinancing of railcars to be deployed by X Train on existing selected urban rail routes
X Train cars can be coupled to the back of existing trains
The Partnership is in the business of providing financing to X Train Corp. for passenger rail cars which X Train will lease back from the Partnership once refurbished.
X train will do the work out of its new facility in Las Vegas, Nevada.
Expected Yields Cash on Cash are anticipated to be in the 30%+ range per year.
The Partnership retains ownership of the rail car assets after the three year lease term is up.
Fund Metrics
LVRE is General Partner
Investors receive 80% of the net cash quarterly after operating expenses
Partnership will build 2 railcars per $1.5 million
Cash Dividends are paid Quarterly to Limited Partners
Upon completion of construction and certification by Amtrak, lease payments of $35,000 per month per car begin to Partnership.
The General Partner
The X Train is the General Partner for the partnership www.vegasxtrain.com
We will manage all affairs of the partnership including investor relations, accounting, K-1 preparation & distribution and supervise all construction on the rail car assets
We are based in Las Vegas and are publicly traded under the symbol XTRN on the OTCQB
Our auditors are BDO
The Market DemandThe passenger rail industry does not provide an upscale commuter service offering
Passenger Ridership Growth
Amtrak Ridership 31.2 mm
Ridership Growth 1997-2012 55%
Metro Ridership % 88%
10 Busiest Metro Ridership % 63% Calif./NYC
Train ridership grew by 55 percent since 1997, faster than other major travel modes, and now carries over 31 million riders annually, an all-time high.
Ridership Concentration
Route Profitability
Club X PressRailcars are fitted out to include comfortable seating and an onboard food service section, serving quality meals provided by Masterpiece Cuisine. Upscale business environment for commuters
Club Xpress Class Interior
48 Seat Club Xpress Luxury Car
Car TransformationX Train purchases existing railcars which have come off service and refurbishes them in its car facility.
Refurbishment FacilityAll of our railcar refurbishment work has been done out of our Whiteland, Ind. Shop, just south of Indianapolis. Our work going forward will be completed in our new facility here in Las Vegas, Nevada
Production
2014 Car Production Plan
JAN 2015
Running Car Totals
Keystone Grill
Mohave
4Cars
2 Cars 2 Cars
Leased cars from Mid America Railcar -3 year term can deploy cars ahead of LP car production to start routes, revenue, and market coverage
8Cars
12 Cars
12 Cars
16 Cars
16 Cars
20 Cars
20 Cars
8 Cars
4 Cars
2 Cars
LP Starts
2 Cars Release Jan 10th
Move to Vegas/LA
start service
on Surfliner Feb 2014
2 Cars Start
Refurb in Indiana Feb 1, 2014
Luxury Grill
Luxury Lounge
2 Cars CompleteRefurb in Indiana Feb 1, 2014
Deploy to West Coast
Greenbrier Express, Pottstown, PA 13 Low Level Cars Conversion to Grills & LoungesCars are on hand and ready for conversion
Ahern Xtreme Manufacturing, Elwood, KS and Las Vegas, NV Gallery Car Conversions to X Club CarsGallery Cars from will be moved for conversion utilize 14 cars from X Train and additional purchases
2 Cars
8 Cars
Start
Start
FEB APR JUNMAY JUL SEPAUG OCT NOVMAR DEC
2 Cars 2 Cars 2 Cars2 Cars
2 Cars 2 Cars 8 Cars
X Rail Fund 1 Partnership Railcar Production 2014
Financial Metrics
All forecasts included in this presentation are purely for illustrative purposes and are not be be construed as a guarantee of actual results.
FINANCIAL METRICS
Per Car Number of Cars Total InvestmentTotal Cash Invested $5,000,000 Acquisition Costs $100,000 $6 $600,000 Refurb Costs $750,000 $6 $4,500,000 Total Construction Cost $850,000 $5,100,000 Administrative Cost $100,000 Commission 0.00% 0Total Capital $5,200,000
Depreciation 14% $728,571
Total Investment Cash $5,200,000
Total Capital Raised $5,200,000 Net Capital (residual) $4,371,429 Depreciation Period 7 $728,571
Operating MetricsOPERATING
METRICSCalendar Year 1 Calendar Year 2 Calendar Year 3 Calendar Year 4
Lease Revenue/Car/Month $35,000 Cars Deployed 6 6 6 6Months deployed 8 12 12 4Cash Balance
Lease Revenue $1,680,000 $2,520,000 $2,520,000 $840,000
Depreciation $728,571 $728,571 $728,571 $728,571
Operating Expenses
Administrative Fee $16,000 $24,000 $24,000 $8,000 Travel $16,000 $24,000 $24,000 $8,000 GP Fee 1% $19,600 $25,200 $25,200 $8,400
Car Construction Costs $5,100,000
Total Cash Outlay $5,151,600 $73,200 $73,200 $24,400
Opening Cash Balance $5,200,000 Cash Balance $1,728,400 $2,446,800 $2,446,800 $815,600
Financial Metrics
All forecasts included in this presentation are purely for illustrative purposes and are not be be construed as a guarantee of actual results.
Return on Investment Year 1 Year 2 Year 3 Year 4
Total Cash paid out $1,382,720 $1,957,440 $1,957,440 $652,480
Cumulative Cash Paid Out $1,382,720 $3,340,160 $5,297,600 $5,950,080
Residual Value $4,371,429 $3,642,857 $2,914,286 $2,185,714
Total LP Interest Value $5,754,149 $6,983,017 $8,211,886 $8,135,794
Cash on Cash Return-Annualized 26.59% 37.64% 37.64% 12.55%
Cumulative Cash on Cash Return 26.59% 64.23% 101.88% 114.42%
Residual Value ROI-Annualized 84.07% 70.05% 56.04% 42.03%
Total ROI Including Residual 110.66% 134.29% 157.92% 156.46%
How to Subscribe
Accredited Investors Only
Request subscription documents and PPM
Execute Subscription documents
Company suitability review
Wire funds to Partnership
Company executes documents & delivers certificate of ownership in the partnership.