Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (December 2006)
11 slides from Mapletree Logistics Trust's merger presentation, Dec 18, 2006
Slide 1: Acquisition of Tampines Property, Singapore and American Industrial Park, China
Acquisition of Tampines Property, Singapore and American Industrial Park, China 18 December 2006
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the properties: ¾ American Industrial Park, 48 Hongmian Road, Huadu District, Guangzhou, People’s Republic of China ¾ Tampines Property, 9 Tampines Street 92, Singapore 528871 Impact on MapletreeLog ¾ Acquisitions are DPU accretive ¾ Tenant concentration ¾ As
Slide 3: American Industrial Park
506002si_2 Jul.ppt American Industrial Park Purchase price: RMB 241.3 million (approx. S$49.0 million) Appraised value : RMB 267.0 million (approx. S$54.0 million) by Vigers Appraisal & Consulting Ltd dated 27 November 2006 Land tenure: Expiry in 2053 Land area : 145,000.0 sqm GFA : 117,129.
Slide 4: Tampines Property
506002si_2 Jul.ppt Tampines Property Purchase price: S$11.0 million Appraised value : S$11.4 million by Chesterton International Property Consultants Pte Ltd and S$11.2 million by Savills (Singapore) Pte Ltd as at 30 November 2006 Land tenure: Expiry in 2053 Land area: 8,439.0 sqm (approx.)
Slide 5: Acquisitions are DPU accretive
506002si_2 Jul.ppt Acquisitions are DPU accretive Properties American Industrial 9 Tampines Street 92 Park Total Return (over 10 years) 10.01% 8.09% DPU impact1 0.08 Singapore cents 0.04 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the proper
Slide 6: Tenant concentration
506002si_2 Jul.ppt Tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of September 2006 7% Pre-Acquisitions Post-Acquisitions 6.1% 6% 5.7% 5% 4.6% 4.5% 4% 3.3% 3.2% 2.9%2.8% 3% 2.1% 2.1% 2.2%2.0% 2.0% 1.9% 1.9% 1.8% 1.9% 1.8% 1.8% 1.8% 2% 1% 0% Ever Gain Teckw
Slide 7: Asset mix
506002si_2 Jul.ppt Asset mix Before the acquisitions After the acquisitions Gross Revenue Contribution by Trade (Pre-Acquisitions) Gross Revenue Contribution by Trade (Post-Acquisitions) Oil & Chemical Oil & Chemical Logistics FTZ 3PL Logistics FTZ 3PL Industrial 5.3% 7.5% Industrial 5.1% 7.2% Wareh
Slide 8: Average lease duration
506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of Septem ber 2006) 40% Pre-Acquisitions Post-Acquisitions 37.7% 36.3% 35% 30% 25% 20% 15.7% 15.2% 16.3% 16.2% 15% 12.6% 12.6% 11.2% 10.7% 10% 5.5% 5.2% 5% 2.5% 2.4% 0% Expiring in Expiring in Expiring in
Slide 9: Unexpired lease of underlying land
506002si_2 Jul.ppt Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease Pre-Acquisitions Post-Acquisitions 50% 45.5% 45% 42.0% 39.8% % of Total Lettable Area 40% 34.7% 35% 30% 25% 20% 15% 10.6%9.7% 10% 4.2% 3.9% 4.1% 3.8% 5% 0.9% 0.8% 0% 0 - 20 yrs 21 - 30 yrs 31 - 4
Slide 10: Geographical allocation of portfolio
506002si_2 Jul.ppt Geographical allocation of portfolio Before the acquisitions After the acquisitions Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-Acquisitions) (Post-Acquisitions) Malaysia Japan Malaysia Japan 6% 1% 6% 1% China China 2% 5% Hong Kong Singapore 25
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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