BTS Rail Mass Transit Growth Infrastructure Fund

Details of Asset

1.

Details of Asset

:

Net farebox revenues to be generated from the operation

of the Core BTS SkyTrain System covering 23.5 kilometres,

consisting of the 17-kilometre Sukhumvit line from Mo Chit

to On Nut, and the 6.5-kilometre Silom line from National Stadium

to Saphan Taksin pursuant to the Concession Agreement.

(The concession will expire on 4 December 2029)

2.

Type of Asset

:

Right to receive benefit from future revenue from Rail Mass Transit

Infrastructure Project

3.

Operator

:

Bangkok Mass Transit System Public Company Limited

1000 Phahonyothin Road, Chomphon, Chatuchak, Bangkok

4.

Appraisal Value *

:

Baht 37,970,000,000 (As of 30 June 2022)

5.

Date of Valuation

:

11 May 2022 (and updated on 3 August 2022)

6.

Appraiser

:

American Appraisal (Thailand) Ltd.

  • The appraiser utilized Income Approach Method in assessing the asset since such asset is income-producing asset. The appraiser used projected fare revenue deducting projected operation and maintenance expenses and capital expenditure over the remaining concession period and calculated the value of asset by discounting to present value at the discount rate of 6.5% p.a.
    Investors may request for more details of the appraisal report at the Management Company or download the appraisal report on the Fund's website at https://www.btsgif.com/en/investor-relations/downloads/appraisal-report.

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BTS Rail Mass Transit Growth Infrastructure Fund published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 11:03:10 UTC.