Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (November 2007)
10 slides from Mapletree Logistics Trust's merger presentation, Nov 29, 2007
Slide 1: Acquisition of Shiroishi Sapporo Centre, Japan
Acquisition of Shiroishi Sapporo Centre, Japan 29 November 2007
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the property: Shiroishi Sapporo Centre, 1-7-40, Ryutsu-center, Shiroishi, Sapporo, Hokkaido, Japan Impact on MapletreeLog Acquisition is DPU-accretive Tenant concentration Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation
Slide 3: Shiroishi Sapporo Centre
506002si_2 Jul.ppt Shiroishi Sapporo Centre Purchase Price : JPY1.45 billion (approx S$18.08 million) Land tenure: Freehold Land area : 4,958sqm (approx.) GFA : 11,255 sqm (approx.) Lettable area : 11,255 sqm (approx.) Lease terms : Sale with assignment of existing lease. The property comprises a fo
Slide 4: Acquisition is DPU-accretive
506002si_2 Jul.ppt Acquisition is DPU-accretive Shiroishi Sapporo Centre Total Return (over 10 years) 6.4% DPU impact1 0.02 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the property for the whole of the financial year ended 31 December 2006 (
Slide 5: Better Tenant Diversification
506002si_2 Jul.ppt Better Tenant Diversification Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of September 2007 5% 4.4% Pre-Acquisition Post-Acquisition 4.4% 5% 4% 3.8% 3.7% 3.3% 4% 3.3% 3.3% 3.2% 3% 2.7% 2.7% 2.4% 3% 2.3% 2.0%2.0% 2% 1.5% 1.5% 1.4% 1.4% 1.4% 1.4% 2% 1% 1% 0
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 Logistics Industrial 3.7% FTZ 3PL Industrial 3.7% FTZ 3PL Warehousing 5.9% Wa
Slide 7: Average lease duration
506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of September 2007) 60% Pre-Acquisition Post-Acquisition 56.3% 56.5% 50% 40% 30% 20% 9.9% 9.8% 10.2% 10.1% 10% 6.9% 6.9% 7.4% 7.3% 5.5% 5.4% 3.8% 3.8% 0% Expiring in 2007 Expiring in 2008 Expiring in 2009 E
Slide 8: Unexpired lease of underlying land
506002si_2 Jul.ppt Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease Pre-Acquisition Post-Acquisition 50% 45% 43.0%43.3% 40% 35% 30% 28.6% 28.4% 25% 20% 16.3%16.2% 15% 10% 7.6% 7.6% % of Total Lettable Area 5% 3.8% 3.8% 0.7% 0.7% 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 14% Japan 15% Malaysia Malaysia 6% 6% Singapore Singapore 49% 48% China China 8%
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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