Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Global Logistic Properties — Shareholder Meeting (July 2012)
19 slides from Singapore Exchange's shareholder meeting presentation, Jul 19, 2012
Slide 1: GLP Annual General Meeting 2012
GLP Annual General Meeting 2012 July 19, 2012
Slide 2: Disclaimer
Disclaimer Important Notice The information contained in this presentation (the “Information”) is provided by Global Logistic Properties Limited (the “Company”) to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independentl
Slide 3: About Global Logistic Properties
About Global Logistic Properties > GLP is Asia’s largest industrial and logistics infrastructure NAV breakdown (31 Mar 2012)1 provider operating across 33 cities in Asia, managing a US$13.52 billion dollar property portfolio > GLP provides the best solution of logistics infrastructure. The China Jap
Slide 4: Extensive Network of Modern Logistics Facilities in Asia
Extensive Network of Modern Logistics Facilities in Asia China Harbin > Presence in 26 major cities Sapporo Shenyang > 10.7 million sqm of GFA¹,² Beijing > 6.4 million sqm of Japan Dalian Sendai Langfang Tianjin Dezhou completed GFA ¹ Xi’an Qingdao Hiroshima Tokyo > Presence in 7 major cities Nanjin
Slide 5: FY2012 Financial Highlights
FY2012 Financial Highlights – Solid China Growth Drives Revenue and Earnings > Revenue increased by 19.4% to US$566 million China Revenue increased by 81.1% to US$160 million > EBIT1 excluding revaluation2 increased by 15.1% to US$423 million China EBIT excluding revaluation increased by 70.3% t
Slide 6: Business Highlights for FY2012
Business Highlights for FY2012 - Accelerating Business Momentum, High Lease Ratios & Long Expiries > Strong customer demand for GLP China facilities - New and expansion leased area1 of 1,590,991 sqm during FY12– up 37% - Stabilised logistics facilities lease ratio of 90% as of March 31, 2012 > Land
Slide 7: Business Highlights for FY2012 (continued)
Business Highlights for FY2012 (continued) - Growing our network and forging partnerships > Acquisitions provide additional platforms for growth - 1.3m sqm of GFA acquired in FY2012 - Yupei - Vailog > Establishing our Fund management platform - 2 separate 50:50 JVs with CPPIB and CIC in Japan > An a
Slide 8: Impressive Track Record of Growth
Impressive Track Record of Growth Portfolio growth of GLP FY2005–12 China GFA CAGR: 87% FY2005–12 Japan GFA CAGR: 34% 9.96 GFA (million sqm)1 China Japan 6.83 6.02 6.36 5.36 4.03 3.79 3.22 2.60 2.33 1.41 1.34 0.77 3.60 0.55 0.30 2.38 2.76 2.80 2.80 0.19 0.08 1.56 1.04 0.47 FY2004 FY2005 FY2006 FY200
Slide 9: Unrivalled Network in China & Japan
Unrivalled Network in China & Japan China Japan (million sqm) (million sqm) - 100% 50% - 85% GLP stake: 19.9% 90.0% 4.6 GLP stake: 49.0% GLP stake: 53.1% stake:90% 3.6 GLPstake: 2.3 GLP 1.0 0.8 0.6 0.6 0.7 0.6 0.5 0.5 0.5 0.4 0.4 0.4 0.3 0.3 0.2 0.2 Daiwa House Prologis Mitsubishi Co. Nomura RE JLF
Slide 10: Corporate Social Responsibility
Corporate Social Responsibility - Making a long-lasting positive impact on the communities we operate in > Sustainable Development - Maximum storage space in our facilities - Green technology - Tree planting initiative > Hope School Programme - One school built with every 500,000 sqm of new developm
Slide 11: Looking Ahead
Looking Ahead Well-Placed for Continued Growth 10
Slide 12: Over 75% of China Warehouses do not meet Modern Logistics Requirements
Over 75% of China Warehouses do not meet Modern Logistics Requirements & Face Demolition Amid Urbanization Current Supply of Logistics Facilities in the United Limited Supply of Modern Logistics Facilities in China States is ~14 times that of China Interior Exterior Characteristics Warehouse stock:
Slide 13: Domestic Consumption Driving Logistics Needs
Domestic Consumption Driving Logistics Needs > Retail sales has grown by CAGR of 17% in past 7 Breakdown of Leased Area in China (Mar 2012) years1 Import/ - Retail sales forecast to grow by 15.8% and 16.7% in export related 2012 and 2013 respectively2 21% Domestic > Urbanization trends boosting cons
Slide 14: Capitalizing on China's Fast Evolving Retail Landscape
Capitalizing on China’s Fast Evolving Retail Landscape Chain Store Sales as % of Total Retail 2006-2011 Online Retail Sales in China RMB Bn 80% 65% 774 60% 5-year CAGR:97% Huge room to grow 498 40% 263 20% 128 10% 56 5% 26 0% Source：Strong and Steady, 2011 Asia ‘s Retail and Consumption Outlook by P
Slide 15: Limited Supply of Modern Logistics Facilities in Japan
Limited Supply of Modern Logistics Facilities in Japan Modern Logistics Facilities in Japan are Scarce¹ Various Features of Modern Logistics Facilities Modern Logistics Facilities 2.5% High Load Large Floor Area High Ceilings Others Tolerance 97.5% 10,000 sqm or more 5.5 m or more 1.5 t/sqm or more
Slide 16: Providing Stability and Flexibility
Providing Stability and Flexibility Summary of Group Financial Position As at As at Change (US$ million) Mar 31, 2012 Mar 31, 2011 % Total assets 13,580 11,656 16.5 Total equity 8,308 6,977 19.1 Cash 1,616 1,560 3.6 Total loans and borrowings 4,175 3,692 13.1 Net debt 2,559 2,132 20.0 1 Weighted ave
Slide 17: Well Staggered Debt Maturity Profile
Well Staggered Debt Maturity Profile GLP debt maturity profile (%) Total: US$4,175m 16
Slide 18: Robust Strategy to Deliver Sustained Profitability and Growth
Robust Strategy to Deliver Sustained Profitability and Growth > Grow land bank - Continue organic growth in China > Strategic acquisitions and partnerships - Enhance “Network Effect” and fund management platform > Recycle capital to enhance shareholder value - Short cash conversion cycle enhances re
Slide 19: Summary
Summary > Continued progress in FY2012 - Building momentum and growing earnings > Mindful of economic conditions > Well-positioned for future growth - Financially strong - Market-leading position - Most attractive markets - Strong customer relationships - Experienced team with a proven track record
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