Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (January 2008)
10 slides from Mapletree Logistics Trust's merger presentation, Jan 13, 2008
Slide 1: Acquisition of Oakline Warehouse, South Korea
Acquisition of Oakline Warehouse, South Korea 13 January 2008
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the property: Oakline Warehouse, 532-7 Maraeli, Neungsu-myun, Yujoo-si, Kyungki-do, South Korea Impact on MapletreeLog Acquisition is DPU-accretive Tenant concentration Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation of
Slide 3: Oakline Warehouse
506002si_2 Jul.ppt Oakline Warehouse Purchase Price : KRW 11.6 billion (approx S$18.2 million1) Valuation : KRW 13.5 billion (approx S$21.1 million1) by BHP Korea Ltd dated 21 December 2007 Land tenure: Freehold Land area : 16,529 sqm (approx.) GFA : 10,911 sqm (approx.) Lettable area : 10,911 sqm (
Slide 4: Acquisition is DPU-accretive
506002si_2 Jul.ppt Acquisition is DPU-accretive Oakline Warehouse Total Return (over 10 years) 12.1% 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 (based
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 5% 4.4% 4% 3.7% 3.7% 3.3% 4% 3.3% 3.2% 3.2% 3% 2.7% 2.7% 2.3% 3% 2.3% 2.0% 2.0% 2% 1.5% 1.4% 1.4% 1.4% 1.4% 1.4% 2% 1% 1%
Slide 6: Asset mix
506002si_2 Jul.ppt Asset mix Before the acquisition After the acquisition Gross Revenue Contribution by Trade (Post-Acquisition) Gross Revenue Contribution by Trade (Pre-Acquisition) Oil & Chemical Oil & Chemical Logistics Logistics 3.7% FTZ 3PL Industrial 3.7% FTZ 3PL Industrial Warehousing 5.9% 5.
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 56.5% 56.2% 50% 40% 30% 20% 9.8% 9.8% 10.1% 10.1% 10% 6.9% 6.9% 7.3% 7.3% 5.4% 5.9% 3.8% 3.7% 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% 43.3% 43.6% % of Total Lettable Area 40% 35% 30% 28.4% 28.3% 25% 20% 16.2%16.1% 15% 10% 7.6% 7.5% 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 South Korea Japan South Korea 15% 0% 15% 1% Malaysia Malaysia 6% 6% Singapore Si
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
Mapletree Logistics Trust — Merger or Acquisition (January 2008) on 6ix