Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (August 2006)
10 slides from Mapletree Logistics Trust's merger presentation, Aug 10, 2006
Slide 1: Acquisition of Shibusawa (Hong Kong) Building
Acquisition of Shibusawa (Hong Kong) Building 10 August 2006
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the property: ¾ Shibusawa (Hong Kong) Building, No. 1 Wang Wo Tsai Street, Tsuen Wan, New Territories, Hong Kong Impact on MapletreeLog ¾ Acquisition is DPU accretive ¾ Tenant concentration ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying
Slide 3: Shibusawa (Hong Kong) Building
506002si_2 Jul.ppt Shibusawa (Hong Kong) Building Purchase price: HK$210.0 million or S$42.0 million Appraised value: HK$222.0 million (S$44.4million) by Knight Frank Petty Ltd dated 31 July 2006 Land tenure: Expiry on 30th June 2047 Land area: 3,968 sqm GFA: 17,494 sqm Lettable area: 17,494
Slide 4: Acquisition is DPU accretive
506002si_2 Jul.ppt Acquisition is DPU accretive Property Shibusawa (Hong Kong) Building Total Return (over 10 years) 8.78% DPU impact1 0.025 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the property for the whole of the financial year 31 Dece
Slide 5: Tenant concentration
506002si_2 Jul.ppt Tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of March 2006 10% Pre-Acquisition Post-Acquisition 9.3% 9% 8.5% 8% 7% 6.1%5.9% 6% 5% 3.9% 3.8% 3.8% 3.7% 4% 2.8% 2.8% 2.8% 2.7% 3% 2.5% 2.4% 2.5% 2.4% 2.4% 2.4% 2.2% 2.2% 2% 1% 0% Ever Gain
Slide 6: Asset mix
506002si_2 Jul.ppt 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 FTZ 3PL FTZ 3PL Logistics Logistics 9.6% 9.3% 6.8% 6.6% Industrial Industrial Warehou
Slide 7: Average lease duration
506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of March 2006) 60% Pre-Acquisition Post-Acquisition 50.8% 49.2% 50% 40% 30% 20% 15.2% 15.4%15.0% 12.5% 9.5% 9.2% 10% 5.8% 5.6% 6.0% 5.8% 0% Expiring in Expiring in Expiring in Expiring in Expiring in Expir
Slide 8: Unexpired lease of underlying land
506002si_2 Jul.ppt Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease 60% 52.0% 51.3% Pre-Acquisition Post-Acquisition 50% % of Total Lettable Area 40% 34.6%35.5% 30% 20% 10% 5.1% 5.1% 3.6% 3.6% 3.5%3.5% 1.1% 1.1% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 5
Slide 9: Geographical allocation of portfolio
506002si_2 Jul.ppt Geographical allocation of portfolio Before the acquisition* After the acquisition* Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-Acquisition) (Post-Acquisition) Malaysia Malaysia China 5% China 5% 2% 2% Hong Singapore Singapore Hong Kong 61% 63%
Slide 10: 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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