Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (November 2009)
10 slides from Mapletree Logistics Trust's merger presentation, Nov 9, 2009
Slide 1: Acquisition of 7 Penjuru Close, Singapore 608779
Acquisition of 7 Penjuru Close, Singapore 608779 9 November 2009 0 0
Slide 2: Agenda
Agenda Details of the property: 7 Penjuru Close, Singapore 608779 Impact on MapletreeLog Acquisition is DPU accretive Tenant diversification Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation of portfolio 1 1
Slide 3: 7 Penjuru Close
7 Penjuru Close Purchase Price : S$43.0 million Land tenure : Expiring May 2035 Land area : 16,501 sqm (approx.) GFA : 41,253 sqm (approx.)1 Vendor : SH Cogent Logistics Pte Ltd Lease terms : Sale and Leaseback to vendor for an initial term of 7 years from the date of completion of sale with a renta
Slide 4: Acquisition is DPU accretive
Acquisition is DPU accretive 7 Penjuru Close Total Return (over 10 years) 10.6% DPU impact1 0.04 Singapore cents or 0.7% (proforma annualised impact) 1: Assuming MapletreeLog has purchased, held and operated the property on a proforma basis for 2009 (based on actual 9 months financial results for 20
Slide 5: Tenant diversification provides portfolio stability
Tenant diversification provides portfolio stability Top 10 tenants by gross revenue as at 30 Sep 2009 Pre-Acquisition Post-Acquisition 4% 3.8% 3.8% 3.4% 3.4% 3.3% 3.2% 3.3% 3.3% 3.3% 3.3% 3% 2.9% 2.6% 2.6% 2.2% 2.2% 2.1% 2.1% 2.1% 2.1% 2% 1% 0.8% 0% NEC Nichirei Toshiba Menlo TeckWah SH Cogent Hanky
Slide 6: Asset Mix
Asset Mix Professional 3PLs face leasing stickiness Gross revenue contribution by trade Gross revenue contribution by trade (Pre-acquisition) (Post-acquisition) Total 3PL: 57.2% Total 3PL: 58.1% Oil & Chemical FTZ 3PL Oil & Chemical FTZ 3PL Logistics 5.7% Logistics 5.8% 3.1% 3.2% Non-FTZ 3PL Food &
Slide 7: Average lease duration
Average lease duration Lease expiry profile by gross revenue (as at 30 Sep 2009) 49.9% 48.8% 50% Pre-acquisition Post-acquisition 40% 30% 20% 16.7% 16.3% 16.7% 16.3% 10% 1 7.5% 7.3% 6.9% 6.8% 3.4% 3.4% 0% Expiring in Expiring in Expiring in Expiring in Expiring in Expiring after 2009 2010 2011 2012
Slide 8: Unexpired lease of underlying land
Unexpired lease of underlying land Remaining years to expiry of underlying land lease* 50% Pre-acquisition Post-acquisition 42.1% 41.3% 40% % of Total Lettable Area 30% 27.8% 27.3% 20% 11.4% 12.2% 12.0% 9.7% 10% 7.2% 7.1% 0.9% 0.9% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 y
Slide 9: Geographical allocation of portfolio
Geographical allocation of portfolio Pre-acquisition Post- acquisition Country allocation - by gross revenue Country allocation - by gross revenue (Pre-acquisition) (Post-acquisition) Malaysia S. Korea Malaysia S. Korea China 5.0% 0.5% China 4.9% 6.1% 0.5% 6.0% Japan Japan 16.0% 15.7% Singapore Sing
Slide 10: Disclaimer
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 possible loss of the prin
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