Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (March 2006)

9 slides from Mapletree Logistics Trust's merger presentation, Mar 11, 2006

  1. Slide 1: Acquisition of Pressfield Centre in Hong Kong

    Acquisition of Pressfield Centre in Hong Kong 11 March 2006

  2. Slide 2: Agenda

    506002si_2 Jul.ppt Agenda ƒ Details of the property: ¾ Pressfield Centre ƒ Impact on MapletreeLog ¾ Acquisition is DPU accretive ¾ Reduced tenant concentration ¾ Diversified asset mix ¾ Long average lease duration ¾ Unexpired lease of underlying land 1 1

  3. Slide 3: Pressfield Centre

    506002si_2 Jul.ppt Pressfield Centre ƒ Purchase price: HK$113.0 million (S$24.6 million) ƒ Appraised value: HK$118.0 million by Colliers International (Hong Kong) dated 16 January 2006 ƒ Land tenure: Expiry on 30th June 2047 ƒ Land area: 2,563.0 sqm GFA: 12,763.2 sqm Lettable area: 12,763.2 sqm ƒ Le

  4. Slide 4: Acquisition is DPU accretive

    506002si_2 Jul.ppt Acquisition is DPU accretive First Year Pressfield Centre Total Return (over 5 years) 9.1% Total Return (over 10 years) 10.1% DPU accretion1 over FY2005 0.0326 cents annualised DPU of 4.28 cents 1. Assuming MapletreeLog had purchased, held and operated the property for the whole o

  5. Slide 5: Reduced tenant concentration

    506002si_2 Jul.ppt Reduced tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of December 2005 10% Pre-Acquistion Post-Acquisition 9% 8.7% 8.4% 8% 7% 6% 5.4% 5.3% 5.3% 5.2% 5% 4.1% 4.0% 4% 3.4% 3.3% 3.4% 3.3% 3.1% 3.1% 3% 2.7% 2.6% 2.6% 2.5% 2.6% 2.5% 2% 1% 0%

  6. Slide 6: More diversified asset mix

    506002si_2 Jul.ppt More diversified 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 13.5% 13.2% 9.2% 8.9% Industrial

  7. Slide 7: Long average lease duration

    506002si_2 Jul.ppt Long average lease duration Lease Expiry Profile by Gross Revenue (for the Month of December 2005) 60% 56.0% 54.6% Pre-Acquisition Post-Acquisition 50% 40% 30% 20% 15.6% 13.4% 10% 7.7% 7.5% 9.5% 9.2% 8.2% 8.0% 5.3% 5.1% 0% Expiring in Expiring in Expiring in Expiring in Expiring i

  8. Slide 8: Leasehold for underlying land still long

    506002si_2 Jul.ppt Leasehold for underlying land still long Remaining Years to Expiry of Underlying Land Lease 70% 58.6% 57.9% 60% Pre-Acquisition Post-Acquisition % of Total Lettable Area 50% 40% 28.3% 30% 27.4% 20% 10% 5.7% 5.7% 4.3% 4.2% 4.0% 3.9% 0.0% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 5

  9. Slide 9: 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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