Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (March 2006)

9 slides from Mapletree Logistics Trust's merger presentation, Mar 24, 2006

  1. Slide 1: Acquisition of No. 28 On Muk Street, Shatin, New Territories, Hong Kong

    Acquisition of No. 28 On Muk Street, Shatin, New Territories, Hong Kong 24 March 2006

  2. Slide 2: Agenda

    506002si_2 Jul.ppt Agenda ƒ Details of the property: ¾ No. 28 On Muk Street, Shatin, New Territories, Hong Kong - Ever Gain Centre (Shatin No. 4) ƒ Impact on MapletreeLog ¾ Acquisition is DPU accretive ¾ Tenant concentration ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying land 1

  3. Slide 3: Ever Gain Centre - Shatin No. 4

    506002si_2 Jul.ppt Ever Gain Centre - Shatin No. 4 ƒ Purchase price: HK$1.037 billion (S$216.5 million) ƒ Appraised value: HK$1.09 billion by Colliers International (Hong Kong) dated 3 March 2006 ƒ Land tenure: Expiry on 30 June 2047 ƒ Land area: 6,300 sqm GFA: 60,215 sqm Lettable area: 60,215 sqm (

  4. Slide 4: Acquisition is DPU accretive

    506002si_2 Jul.ppt Acquisition is DPU accretive First Year Ever Gain Centre - Shatin No. 4 Total Return (over 10 years) 10.0% DPU impact1 0.13 cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the property for the whole of the financial year 31 December 200

  5. 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 10.0% 10% 8.4% 8% 7.0% 6% 5.3% 5.2% 4.4% 4.3% 4.0% 4% 3.3% 3.3% 3.3% 2.8% 3.1% 2.8% 2.7% 2.6% 2.5% 2.2% 2% 0.8% 0.0% 0% Ever Gain Gro up

  6. 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 13.2% 10.9% 8.9% Industrial 7.4% Warehousing Indu

  7. Slide 7: Average lease duration

    506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of December 2005) 60% 54.6% Pre-Acquisition Post-Acquisition 50% 42.3% 40% 30% 18.5% 20% 15.6% 12.8% 12.0% 10% 7.5% 7.5% 9.2% 7.5% 8.0% 5.1% 0% Expiring in Expiring in Expiring in Expiring in Expiring in E

  8. Slide 8: Unexpired lease of underlying land

    506002si_2 Jul.ppt Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease 70% Pre-Acquisition Post-Acquisition 57.9% 60% % of Total Lettable Area 54.8% 50% 40% 32.1% 30% 28.3% 20% 10% 5.7% 5.4% 4.2% 4.0% 3.9% 3.7% 0.0% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs

  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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