Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (November 2005)

11 slides from Mapletree Logistics Trust's merger presentation, Nov 24, 2005

  1. Slide 1: Acquisition of three properties

    Acquisition of three properties 24 November 2005

  2. Slide 2: Agenda

    506002si_2 Jul.ppt Agenda ƒ Details of the three properties: ¾ 20 Old Toh Tuck Road ¾ 4 Tuas Avenue 5 ¾ 4 Toh Tuck Link ƒ Impact on MapletreeLog ¾ Reduced tenant concentration ¾ Diversified asset mix ¾ Long average lease duration ¾ Unexpired lease of underlying land still long ¾ Acquisition is yield

  3. Slide 3: 20 Old Toh Tuck Road

    506002si_2 Jul.ppt 20 Old Toh Tuck Road ƒ Purchase price: S$11.6m ƒ Property yield: 7.3% ƒ Appraised value: S$11.6m by Colliers International Consultancy & Valuation (Singapore) dated 15 Nov 2005 ƒ Land tenure: expiry in 2056, including the +30 years option obtained ƒ Land area: 5,103 sqm GFA: 7,658

  4. Slide 4: 4 Tuas Avenue 5

    506002si_2 Jul.ppt 4 Tuas Avenue 5 ƒ Purchase price: S$13.0m ƒ Property yield: 7.3% ƒ Appraised value: S$13.0m by Colliers International Consultancy & Valuation (Singapore) dated 15 Nov 2005 ƒ Land tenure: expiry in 2049, including the +30 years option obtained ƒ Land area: 11,514 sqm (including the

  5. Slide 5: 4 Toh Tuck Link

    506002si_2 Jul.ppt 4 Toh Tuck Link ƒ Purchase price: S$11.0m ƒ Property yield: 8.0% ƒ Appraised value: S$11m by Colliers International Consultancy & Valuation (Singapore) dated 15 Nov 2005 ƒ Land tenure: expiry in 2056, including the +30 years option obtained ƒ Land area: 5,761 sqm GFA: 8,641 sqm Le

  6. Slide 6: Reduced tenant concentration

    506002si_2 Jul.ppt Reduced tenant concentration Top 10 Tenants by Gross Revenue for Oct 2005 (New Portfolio) 14% Before Acquisition After Acquisition 12.4% 12% 11.6% 10% 8.4% 7.8% 8% 6% 5.3% 5.2% 4.9% 4.9% 4.9% 4.6% 4.1% 3.8% 3.9% 3.7% 3.7% 3.7% 3.4% 4% 3.6% 3.5% 3.5% 2% 0% T eck W ah V o p ak D G L

  7. Slide 7: Diversified asset mix

    506002si_2 Jul.ppt Diversified asset mix Before the acquisition* After the acquisition* Gross Revenue Contribution by Trade Sector (Before acquisition) Gross Revenue Contribution by Trade Sector (after acquisition) FTZ 3PL FTZ 3PL 20.8% 20.0% Oil & Chemical Logistics 13.9% Oil & Chemical Logist ics

  8. Slide 8: Average lease duration still long

    506002si_2 Jul.ppt Average lease duration still long Lease Expiry Profile by Income 90% 83.7% 82.6% 80% Bef ore Acquisit ion Af t er Acquisition 70% 60% 50% 40% 30% 20% 9.4% 8.7% 10% 6.0% 5.6% 2.0% 1.9% 0% Expiring in 2006 Expiring in 2007 Expiring in 2008 Expiring aft er 2008 Initial 15 properties

  9. Slide 9: Leasehold for underlying land

    506002si_2 Jul.ppt Leasehold for underlying land Rem aining Years to Expiry of Underlying Land Lease 70.0% 65.3% 63.5% Bef ore Acquisit ion Af t er Acquisit ion 60.0% % of Total Lettable Area 50.0% 40.0% 30.0% 20.0% 16.9% 16.0% 10.0% 7.8% 7.0% 6.8% 6.5% 5.2% 5.1% 0.0% 0.0% 0 - 20 yrs 21- 30 yrs 31-

  10. Slide 10: Acquisitions are yield accretive

    506002si_2 Jul.ppt Acquisitions are yield accretive 20 Old 4 Tuas 4 Toh Tuck First Year Toh Tuck Road Avenue 5 Link (S$’000) (S$’000) (S$’000) Property income 952 1,129 1,005 Property expenses 105 179 125 Net property income 847 950 880 NPI Yield before acquisition costs (%) 7.3% 7.3% 8.0% Implied N

  11. Slide 11: Disclaimer

    506002si_2 Jul.ppt 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 possib

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