X Rail Asset Fund 1
A Limited partnership for the construction and
ownership of passenger railcars for leaseback to run on
national routes
Investment Opportunity
Financing 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 Demand
The 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 Press
Railcars 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
Transformation
X Train purchases existing railcars
which have come off service and
refurbishes them in its car facility.
Refurbishment
Facility
All 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
Keystone Grill
Running Car Totals
Mohave
LP
Starts
2
Cars
JAN
FEB
2 Cars
2 Cars
Start
Release
Jan 10th Refurb in
Move to Indiana
Vegas/LA Feb 1,
2014
start
Luxury
service
Grill
on
Surfliner Luxury
Feb 2014 Lounge
4
Cars
MAR
APR
2 Cars
Complete
Refurb in
Indiana
Feb 1,
2014
Deploy to
West
Coast
4
Cars
8
Cars
8
Cars
12
Cars
12
Cars
16
Cars
16
Cars
20
Cars
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
20
Cars
2015
Leased cars from Mid America Railcar -3
year term can deploy cars ahead of LP
car production to start routes, revenue,
and market coverage
X Rail Fund 1 Partnership Railcar Production
2014
Start
2 Cars
2 Cars
2 Cars
2 Cars
2 Cars
8
Cars
Greenbrier Express, Pottstown, PA 13 Low Level Cars Conversion to Grills & Lounges
Cars are on hand and ready for conversion
Start
2 Cars
2 Cars
Ahern Xtreme Manufacturing, Elwood, KS and Las Vegas, NV Gallery Car Conversions to X Club Cars
Gallery Cars from will be moved for conversion utilize 14 cars from X Train and additional purchases
2 Cars
2 Cars
8
Cars
Financial Metrics
FINANCIAL METRICS
Per Car
Total Cash Invested
Acquisition Costs
Refurb Costs
Total Construction Cost
Administrative Cost
Commission
Total Capital
Depreciation
Number of Cars Total Investment
$5,000,000
$100,000
$6
$600,000
$750,000
$6
$4,500,000
$850,000
$5,100,000
$100,000
0.00%
0
$5,200,000
14%
$728,571
Total Investment Cash
$5,200,000
Total Capital Raised
Net Capital (residual)
Depreciation Period
$5,200,000
$4,371,429
$728,571
7
All forecasts included in this presentation are purely for
illustrative purposes and are not be be construed as a
guarantee of actual results.
Operating Metrics
OPERATING
METRICS
Calendar Year 1 Calendar Year 2 Calendar Year 3
Lease Revenue/Car/Month
Cars Deployed
Months deployed
Cash Balance
Lease Revenue
Depreciation
Calendar Year 4
$35,000
6
8
6
12
6
12
6
4
$1,680,000
$2,520,000
$2,520,000
$840,000
$728,571
$728,571
$728,571
$728,571
$16,000
$16,000
$19,600
$24,000
$24,000
$25,200
$24,000
$24,000
$25,200
$8,000
$8,000
$8,400
Operating Expenses
Administrative Fee
Travel
GP Fee 1%
Car Construction Costs
$5,100,000
Total Cash Outlay
$5,151,600
$73,200
$73,200
$24,400
Opening Cash Balance
Cash Balance
$5,200,000
$1,728,400
$2,446,800
$2,446,800
$815,600
Financial Metrics
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 ReturnAnnualized
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%
110.66%
134.29%
157.92%
156.46%
Total ROI Including Residual
All forecasts included in this presentation are purely for
illustrative purposes and are not be be construed as a
guarantee of actual results.
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.