Slide 1: Acquisition of 21 Tai Seng Drive, Singapore 535223
Acquisition of 21 Tai Seng Drive, Singapore 535223 13 Aug 2007
Slide 2: Agenda
Agenda Details of the property: 21 Tai Seng Drive, Singapore 535223 Impact on MapletreeLog Acquisition is DPU-accretive Tenant concentration Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation of portfolio 1 1
Slide 3: 21 Tai Seng Drive
21 Tai Seng Drive Purchase Price : S$10.38 million Land tenure : Expiring 15 Dec 2050 Land area : 3,054 sqm (approx.) GFA : 6,223 sqm (approx.) Vendor : Trivec Singapore Pte Ltd Lease terms : Sale and Leaseback to vendor for 5 years from the date of completion of sale with option to extend for a fur
Slide 4: Acquisition is DPU-accretive
Acquisition is DPU-accretive 21 Tai Seng Drive Total Return (over 10 years) 8.9% DPU impact1 0.03 Singapore cents (proforma annualised impact) 1. Assuming Mapletreelog had purchased, held and operated the property for the financial year ended 31 December 2006 (based on 41 properties) and that the ac
Slide 5: Better tenant diversification
Better tenant diversification Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of June 2007 6% Pre-Acquisition Post-Acquisition 4.9% 4.9% 5% 3.9% 3.9% 4% 3.5% 3.5% 3.4% 3.4% 3% 2.6% 2.6% 2.2% 2.2% 2% 1.6% 1.6% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1% 0% Ever Gain Zama Centre Teck Wah Ky
Slide 6: Asset mix
Asset mix Before the acquisition After the acquisition Gross Revenue Contribution by Trade (Post-Acquisition) Gross Revenue Contribution by Trade (Pre-Acquisition) Oil & Chemical Logistics Oil & Chemical 4.1% FTZ 3PL Logistics Industrial FTZ 3PL 4.4% Industrial 4.0% Warehousing 4.4% Warehousing 12.8
Slide 7: Average lease duration
Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of June 2007) 40% Pre-Acquisition Post-Acquisition 37.5% 37.8% 35% 30% 25% 20% 17.3% 17.2% 15% 13.2% 13.1% 9.3% 9.3% 10% 8.2% 8.2% 7.5% 7.5% 6.7% 6.7% 5% 0% Expiring in Expiring in Expiring in Expiring in Expiring in Expirin
Slide 8: Unexpired lease of underlying land
Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease Pre-Acquisition Post-Acquisition 50% 45% 44.1%43.9% 40% % of Total Lettable Area 35% 29.5% 29.7% 30% 25% 20% 14.6%14.5% 15% 10% 7.8% 7.8% 5% 3.4% 3.4% 0.7% 0.7% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51
Slide 9: Geographical allocation of portfolio
Geographical allocation of portfolio Before the acquisition After the acquisition Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-Acquisition) (Post-Acquisition) Japan Japan 12% 12% Malaysia Malaysia 6% 6% Singapore Singapore 50% China 50% China 7% 7% Hong Kong Hong
Slide 10: Disclaimer
Disclaimer The value of units in MapletreeLog (“Units”) and the income from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the prin