Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (January 2010)

10 slides from Mapletree Logistics Trust's merger presentation, Jan 22, 2010

  1. Slide 1: Acquisition of 15 Changi South Street 2, Singapore 486068

    Acquisition of 15 Changi South Street 2, Singapore 486068 22 January 2010 0 0

  2. Slide 2: Agenda

    Agenda ƒ Details of the property: ¾ 15 Changi South Street 2, Singapore 486068 ƒ Impact on MapletreeLog ¾ Acquisition is DPU accretive ¾ Tenant diversification ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying land ¾ Geographical allocation of portfolio 1 1

  3. Slide 3: 15 Changi South Street 2

    15 Changi South Street 2 ƒ Purchase Price : S$34.48 million ƒ Land tenure : Expiring Oct 2044 ƒ Land area : 14,599 sqm (approx.) GFA : 23,176 sqm (approx.) ƒ Vendor : CEVA Freight (Singapore) Pte Ltd ƒ Lease terms : Sale and Leaseback to The property is a fully air-conditioned 5-storey vendor for an

  4. Slide 4: Acquisition is DPU accretive

    Acquisition is DPU accretive 15 Changi South Street 2 Total Return (over 10 years) 10.3% DPU impact1 ~0.02 Singapore cents or 0.4% (proforma annualised impact) 1: Assuming MapletreeLog has purchased, held and operated the property on a proforma basis for 2009 (based on actual full year financial res

  5. Slide 5: Tenant diversification provides portfolio stability

    Tenant diversification provides portfolio stability Top 10 tenants by gross revenue as at 31 Dec 2009 5% 4.6% Pre-acquisition Post-acquisition 3.9% 4% 3.5% 3.4% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3% 2.9% 2.4% 2.2% 2.1% 2.1% 2.1% 2% 1.9% 1.8% 1% 0.9% 0.8% 0% NEC Nichirei Toshiba Menlo Group TeckWah SH Cog

  6. Slide 6: Asset Mix

    Asset Mix Professional 3PLs face leasing stickiness Gross revenue contribution by trade Gross revenue contribution by trade (Pre-acquisition) (Post-acquisition) Oil & Total 3PL: 57.5% Chemical FTZ 3PL Total 3PL: 58.2% Oil & Chemical Logistics 5.8% FTZ 3PL Logistics 3.1% 5.8% 3.1% Food & Cold Non-FTZ

  7. Slide 7: Weighted average lease duration

    Weighted average lease duration Lease expiry profile by gross revenue (as at 31 Dec 2009) 40% 37.6% 36.6% Pre-acquisition Post-acquisition 30% 20% 17.9% 17.6% 15.7% 15.4% 12.6% 12.4% 10% 8.9% 8.8% 3.3% 3.3% 0% 1 Expiring in Expiring in Expiring in Expiring in Expiring in Expiring after 2010 2011 201

  8. Slide 8: Unexpired lease of underlying land

    Unexpired lease of underlying land Remaining years to expiry of underlying land lease1 50% 41.3% 40.9% Pre-acquisition Post-acquisition 40% % of Total Lettable Area 30% 26.7% 26.4% 20% 13.5% 11.4% 11.3% 12.5% 10% 7.1% 7.0% 0.9% 0.9% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60

  9. Slide 9: Geographical allocation of portfolio

    Geographical allocation of portfolio Pre-acquisition Post- acquisition Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-acquisition) (Post-acquisition) Malaysia S. Korea Malaysia S. Korea China 5.0% 0.5% China 4.9% 0.5% 6.6% 6.5% Japan Japan 15.7% 15.5% Singapore Sing

  10. 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

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