Mapletree Industrial Trust · SGX:ME8U
Mapletree Industrial Trust — Merger or Acquisition (September 2024)
11 slides from Mapletree Industrial Trust's merger presentation, Sep 30, 2024
Slide 1: Proposed Acquisition of a Freehold Property in Tokyo, Japan
Proposed Acquisition of a Freehold Property in Tokyo, Japan 30 September 2024
Slide 2: Important Notice
Important Notice This presentation shall be read in conjunction with the announcement released by Mapletree Industrial Trust’s (“MIT”) on 30 September 2024 titled “The Proposed Acquisition of a Freehold Property in Tokyo, Japan”. This presentation is for information only and does not constitute an o
Slide 3: Overview of the Proposed Acquisition
Overview of the Proposed Acquisition • Acquisition of a multi-storey mixed-use facility in Tokyo, Japan Proposed Acquisition • Comprises data centre, back office, training facilities and an adjacent accommodation wing Purchase Consideration / 100% Basis: JPY14.5 billion (approximately S$129.8 millio
Slide 4: Property Overview
Property Overview Occupancy Rate WALE Tenant Land Tenure 100.0% ~5 years Established Japanese Freehold conglomerate Sited within a network-dense location in Tama, West Tokyo Located within a key data centre cluster in Greater Tokyo 100% leased to an established Japanese conglomerate1 Net lease
Slide 5: Rationale for and Benefits of the Proposed Acquisition
Rationale for and Benefits of the Proposed Acquisition 1 Strategic Location with Potential Redevelopment to a New Data Centre 2 Enhances Portfolio with the Addition of a Freehold Property 3 Expands Presence in Japan 4 Immediate DPU Accretion 5
Slide 6: Strategic Location with Potential Redevelopment to a New Data Centre
Strategic Location with Potential Redevelopment 1 to a New Data Centre In line with MIT’s portfolio rejuvenation and rebalancing efforts Data Centre Distribution in Greater Tokyo Future redevelopment opportunity with value creation potential The Property is within a network-dense location in Tama
Slide 7: Captures opportunities from Asia Pacific's third largest data centre market
Strategic Location with Potential Redevelopment 1 to a New Data Centre Captures opportunities from Asia Pacific’s (APAC) third largest data centre market With >5,000MW of total IT supply, Japan is among the most developed data centre markets in APAC1 Japan recorded a CAGR of 18% in take-up of da
Slide 8: Enhances Portfolio with the Addition of a Freehold Property
2 Enhances Portfolio with the Addition of a Freehold Property Improves income diversification and stability 100% leased to an established Japanese conglomerate Stable cash flow for next ~5 years Proportion of leases expiring in FY29/30 and beyond will increase from 30.5%1 to 31.2%2 Proportio
Slide 9: Expands Presence in Japan
3 Expands Presence in Japan Improves geographical diversification Increases MIT’s exposure to Japan from 5.1%1 to 6.4%2 Increases MIT’s exposure to Asia Pacific data centres from 8.3%1 to 9.6%2 Pre-Acquisition: Portfolio Breakdown1 Post-Acquisition: Portfolio Breakdown2 0.7% 5.8% 5.7% 0.7% 15.5%
Slide 10: Immediate DPU Accretion
4 Immediate DPU Accretion Funding Requirements Effective Consideration1 S$127.8 million Transaction Cost2 S$4.5 million Acquisition Fee3 S$1.3 million Proposed Acquisition to be Total Acquisition Outlay S$133.6 million DPU-accretive on a historical pro forma basis Total Acquisition Outlay to be fu
Slide 11: End of Presentation
End of Presentation For enquiries, please contact Ms Melissa Tan, Director, Investor Relations and Sustainability, DID: (65) 6377 6113, Email: melissa.tanhl@mapletree.com.sg
Mapletree Industrial Trust — Merger or Acquisition (September 2024) on 6ix