Slide 1: Acquisition of Xi'an Seastar Distribution Centre, China
Acquisition of Xi’an Seastar Distribution Centre, China 15 March 2007
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the property: ¾ Xi’an Seastar Distribution Centre, No. 20 Mingguang Road, Economic and Technologic Development Zone, Xi’an, Shan’xi Province, People’s Republic of China Impact on MapletreeLog ¾ Acquisition is DPU-accretive ¾ Tenant concentration ¾ Asset mix ¾
Slide 3: Xi'an Seastar Distribution Centre
506002si_2 Jul.ppt Xi’an Seastar Distribution Centre Purchase Price : RMB90.0 million (S$17.8 million) Appraised value : RMB106.0 million (S$20.9 million) by Savills Valuation and Professional Services Limited dated 14 March 2007 Land tenure: 50 years from June 2005 Land area : 29,883.6 sqm
Slide 4: Acquisition is DPU-accretive
506002si_2 Jul.ppt Acquisition is DPU-accretive Xi’an Seastar Distribution Centre Total Return (over 10 years) 10.92% DPU impact1 0.03 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the property for the whole of the financial year ended 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 December 2006 6% Pre-Acquisition Post-Acquisition 5.7% 5.6% 5% 4.5%4.4% 4% 3.2% 3.3% 3% 2.8%2.8% 2.1% 2.0% 2.0%2.0% 2% 1.9% 1.9% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1% 0% Ever Gain Teckw ah Vop
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 Logistics FTZ 3PL Logistics FTZ 3PL Industrial 5.2% 7.1% Industrial 5.2% 7.0% Warehousi
Slide 7: Average lease duration
506002si_2 Jul.ppt Average lease duration Le a s e Ex piry Profile by Gros s Re ve nue (for the M onth of De c e m be r 2 0 0 6 ) 35% Pre-A c quis ition Pos t-A c quis ition 32.1% 30.9% 30% 25% 20% 17.6% 16.2% 15.2% 15.0% 15% 12.6% 12.2% 10.7%10.5% 10% 6.8% 6.8% 5.2% 5.2% 5% 0% Ex piring in Ex pirin
Slide 8: Unexpired lease of underlying land
506002si_2 Jul.ppt Unexpired lease of underlying land Re maining Y e ars to Expiry of Unde rlying Land Le ase Pre-A cquisition Post-A cquisition 45% 42.0%41.4% 39.7%40.5% 40% % of Total Lettable Area 35% 30% 25% 20% 15% 9.7% 9.6% 10% 5% 3.9% 3.9% 3.8% 3.7% 0.8% 0.8% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40
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) Japan Malaysia Japan Malaysia 1% 6% 1% 6% China China 5% 7% Singapore Singapore Hong K
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