Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (April 2006)
10 slides from Mapletree Logistics Trust's merger presentation, Apr 28, 2006
Slide 1: Acquisition of 31 Penjuru Lane, Singapore 609198
Acquisition of 31 Penjuru Lane, Singapore 609198 28 April 2006
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the property: ¾ 31 Penjuru Lane, Singapore 609198 Impact on MapletreeLog ¾ Acquisition is DPU accretive ¾ Tenant concentration ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying land ¾ Geographical allocation of portfolio 1 1
Slide 3: 31 Penjuru Lane
506002si_2 Jul.ppt 31 Penjuru Lane Purchase price: S$16.2 million Appraised value: S$16.47 million by Chesterton International Property Consultants Pte Ltd dated 5 April 2006 Land tenure: Expiry on 31 January 2032 Land area: 13,061.0 sqm GFA: 16,603.6 sqm Lettable area: 16,603.6 sqm Lease
Slide 4: Acquisition is DPU accretive
506002si_2 Jul.ppt Acquisition is DPU accretive First Year 31 Penjuru Lane Total Return (over 10 years) 10.71% DPU impact1 0.12 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the property for the whole of the financial year 31 December 2005 (ba
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 2005 12% Pre-Acquistion Post-Acquisition 10.4%10.2% 10% 8% 6.9% 6.7% 6% 4.3% 4.2% 4.2% 4.1% 4% 3.3% 3.2% 2.8% 2.7% 2.7% 2.7% 2.7% 2.7% 2.5% 2.4% 2.1% 2.1% 2% 0% Ever Gain Gro up
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 10.8% 10.6% Industrial 7.3% Industrial 7.1% Wareh
Slide 7: Average lease duration
506002si_2 Jul.ppt Average lease duration Le as e Expiry Profile by Gros s Re ve nue (for the M onth of De ce m be r 2005) 45% Pre-A cquisition Post-A cquisition 41.6% 42.7% 40% 35% 30% 25% 19.8% 19.4% 20% 15% 12.5% 12.3% 11.9% 11.6% 10% 6.8% 6.6% 7.4% 7.3% 5% 0% Expiring in Expiring in Expiring in
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% 55.3% 54.5% Pre-Acquisition Post-Acquisition % of Total Lettable Area 50% 40% 32.8% 31.8% 30% 20% 10% 5.3% 5.2% 3.9% 3.9% 3.6% 3.6% 0.0% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 -
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 PRC 5% PRC 5% 2% 2% Singapore Singapore 58% Hong Kong 59% Hong Kon
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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