Boston Managed Investments Limited (ACN 165 345 675) (AFSL 469808)
Phone: 1300 668 699

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2017 Lightleasing

Key Facts

96 leases with $1,220,879.27 outstanding as at the 31/07/2016

Lease Repayments commenced October 2012

A Lease Book with predictable cash flows

  • $11,000+ in monthly cash generated since June 2013
  • $12,124.15 = July 2016 Run Rate
  • Stable Repayment levels on the lease book since July 2013 with no new leases since March 2014.
  • Similar levels of monthly cash generated until October 2023

Excellent repayment behaviours demonstrated

  • $544,734.24 collected on the book since October 2012.
  • $10,052.01 in overdue accounts as at July 2016. i.e. 1.85% of repayments to date
  • 3 accounts greater than 90 Days requiring collections activity
  • 1 account greater than 90 Days who regularly makes larger 6 monthly payments

Low Risk Customer base

  • All customers are homeowners
  • Average Veda Score at application = 700 that translates to a default level of 3% and a 1% predicted loss level.
  • 76% of applications are made jointly
  • Veda Score Range Low/High = 366/955

Note: 366 was a joint application with the other applicant scoring a 633

Lease and Solar Panels are a win for the consumer

  • Systems generating cash for the consumer: 83% of lease are from Queensland where current Feed in Tariffs (FIT) will operate until 2028 @.44 cents per KWH. QLD based systems are cash flow positive after lease repayments.
  • Power Output from 21% the systems recently spot-checked. All systems are exceeding agreed performance expectations.
  • All installed panels are of high quality and manufactured by the publicly listed Trina Solar (NYSE: TSL). Trina is the world’s largest manufacturer of Solar Panels.

All assets are owned by Lightleasing Pty Ltd (Currently a wholly owned subsidiary of Trina Solar) and listed on the PPSR

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Fund2017 Lightleasing
TrusteeN/A
ManagerBoston Business Funding Pty Ltd
Investor TypeWholesale/Sophisticated/Institutional
StatusTrading
Inception6/6/2017
Minimum Investment$50,000.00
Unit Value$1.00
Last quarter return after fees19.20% (annualised)
Benchmark19.20% p.a
Coupon PaymentsPaid monthly in arrears
DRP Available?No
Fund Return ProfileHigh
Income Return RiskMedium
Capital RiskMedium
Closed Date11/07/2018
Fund2017 Lightleasing
TrusteeN/A
ManagerBoston Business Funding Pty Ltd
Investor TypeWholesale/Sophisticated/Institutional
Inception6/6/2017
StatusTrading
Minimum Investment$50,000.00
Unit Value$1.00
Asset Size$341,768.52
Number of Investors2
IM Version & DatesN/A
Entry/Exit FeesNil
Management FeesNil
Performance FeeNil
Expected Asset Life5 years
Target Return19.20% p.a
Capital Growth17.20% p.a
Coupon PaymentsPaid monthly in arrears
Last quarter return after fees19.20% (annualised)
DRP Available?No
Fund Return ProfileHigh
Income Return RiskMedium
Capital RiskMedium

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