STRATEGY - A SYSTEMATIC APPROACH

CAPITAL STACK

AMD has the abilityto act across all the layers
of the Capital stack in order to access the best
 risk-adjustedvalue

  • Equity

  • Hybrid

  • Debt

REAL ESTATE COMPANIES

  • Board representation

  • Business development

  • M&A

  • Portfolio recycling

  • Restructuring (Propco/Opco)

  • Enhancement ofthecapital base (debt costs, LTV, tenor)

DIRECT ASSETS

  • Repositioning/change of use

  • Refurbishment

  • Lease restructuring/termination

  • Pro-active asset management

DOWNSIDE PROTECTION

  • Attractive entry levels 

  • Below replacement cost

  • Low historical level

  • Below market rent

  • Enhance value creation withoptionality, co-invest and ROFO

  • Build high stabilised free cash flows

OPERATING BUSINESSES

  • Investing in operating businesses that are linked to real assets (“Opcos”)

  • Increasing operational efficiencies and scale through investments and strategic relationships (roll-out, etc)

  • Increasing operational capabilities through investments