Slide 1: Acquisition of 10 Tuas Avenue 13, Singapore 638983
Acquisition of 10 Tuas Avenue 13, Singapore 638983 23 September 2007
Slide 2: Agenda
Agenda Details of the property: ¾ 10 Tuas Avenue 13, Singapore 638983 Impact on MapletreeLog ¾ Acquisition is DPU-accretive ¾ Tenant concentration ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying land ¾ Geographical allocation of portfolio 1 1
Slide 3: 10 Tuas Avenue 13
10 Tuas Avenue 13 Full Purchase Price : S$15.2 million - existing building only : S$10.0 million - additional extension : S$5.2 million (only upon completion) Land tenure : Expiring 2036 Land area : 12,082 sqm (approx.) GFA : 13,343 sqm (approx.) (existing building : 10,822 sqm and extension :
Slide 4: Payment in 2 tranches
Payment in 2 tranches Tranche A Tranche B Existing Building Extension Amount (S$ million) 10.0 5.2 3 3
Slide 5: Acquisition is DPU-accretive
Acquisition is DPU-accretive 10 Tuas Avenue 13 Total Return (over 10 years) 9.02% DPU impact from Tranche A1 0.04 Singapore cents (proforma annualised impact) 1. DPU impact here assumes only the existing building. Due to the uncertain time of completion for the extension, none of the investment and
Slide 6: Better tenant diversification
Better tenant diversification Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of June 2007 5% 4.7% 4.7% Pre-Acquisitions Post-Acquisitions 5% 4% 3.7% 3.7% 3.3% 4% 3.3% 3.2% 3.2% 2.9% 3% 2.9% 2.5% 2.4% 3% 2.1% 2.1% 2% 1.5% 1.5% 1.5% 1.5% 1.4% 1.4% 2% 1% 1% 0% Ever Gain NEC Teck
Slide 7: Asset mix
Asset mix Before the acquisition After the acquisition Gross Revenue Contribution by Trade (Pre-Acquisition) Gross Revenue Contribution by Trade (Post-Acquisition) Oil & Chemical Oil & Chemical Logistics Logistics 3.9% FTZ 3PL Industrial 3.8% FTZ 3PL Industrial 4.2% 4.2% Warehousing Warehousing 13.8
Slide 8: Average lease duration
Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of June 2007) 45% Pre-Acquisition Post-Acquisition 41.5% 42.0% 40% 35% 30% 25% 20% 15.8% 15.6% 15% 12.6% 12.5% 8.9% 8.8% 10% 7.8% 7.7% 6.8% 6.8% 6.4% 6.3% 5% 0% Expiring in Expiring in Expiring in Expiring in Expiring in Exp
Slide 9: 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% 43.8% % of Total Lettable Area 40% 35% 29.3% 29.1% 30% 25% 20% 14.8%14.7% 15% 10% 7.8% 7.8% 5% 3.3% 3.9% 0.7% 0.7% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51
Slide 10: 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 14% 14% Malaysia Malaysia 6% 6% Singapore Singapore 49% 49% China China 7% 7% Hong Kong Hong
Slide 11: 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