Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (March 2008)
10 slides from Mapletree Logistics Trust's merger presentation, Mar 2, 2008
Slide 1: Acquisition of 3A Jalan Terusan, Singapore 619302
Acquisition of 3A Jalan Terusan, Singapore 619302 2 March 2008
Slide 2: Agenda
Agenda Details of the property: 3A Jalan Terusan, Singapore 619302 Impact on MapletreeLog Acquisition is DPU-accretive Tenant concentration Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation of portfolio 1 1
Slide 3: 3A Jalan Terusan
3A Jalan Terusan Purchase Price : S$26.5 million (valuation by Chesterton International Property Consultants Pte Ltd dated 30 September 2007) Land tenure : Expiring August 2038 Land area : 9,938 sqm (approx.) GFA : 20,124 sqm (approx.) Vendor : MK Distripark Pte Ltd Lease terms : Sale and Leaseback
Slide 4: Acquisition is DPU-accretive
Acquisition is DPU-accretive 3A Jalan Terusan Total Return (over 10 years) 9.75% DPU impact1 0.088 Singapore cents (proforma annualised impact) 1. Assuming Mapletreelog had purchased, held and operated the property for the financial year ended 31 December 2007 (based on 70 properties) and that the a
Slide 5: Better tenant diversification
Better tenant diversification Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of December 2007 5% Pre-acquisition Post-acquisition 4.5% 4.4% 5% 4% 3.7% 3.7% 3.5% 3.5% 4% 3.1% 3.1% 3% 2.6% 2.6% 3% 2.3% 2.3% 1.9% 1.9% 2% 1.7% 1.6% 1.4% 1.4% 1.4% 1.4% 2% 1% 1% 0% Ever Gain Group T
Slide 6: Asset mix
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 3.6% FTZ 3PL Industrial 3.6% FTZ 3PL Industrial Warehousing 6.2% Warehousing 6.1% 13.6
Slide 7: Average lease duration
Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of December 2007) 45% Pre-Acquisition Post-Acquisition 41.6% 42.3% 40% 35% 30% 25% 19.1% 18.9% 20% 15% 13.7% 13.6% 9.2% 9.1% 10% 7.9% 7.8% 7.5% 7.4% 5% 0% Expiring in 2008 Expiring in 2009 Expiring in 2010 Expiring in 2011 E
Slide 8: Unexpired lease of underlying land
Unexpired lease of underlying land Remaining Years to Expiry of Underlying Land Lease Pre-Acquisition Post-acquisition 50% 45% 43.0% 42.5% % of Total Lettable Area 40% 35% 29.1% 28.8% 30% 25% 20% 15.5%15.3% 15% 10% 7.5% 7.4% 4.4% 5.4% 5% 0.7% 0.6% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51
Slide 9: Geographical allocation of portfolio
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 14% Japan South Korea 1% 14% 1% Malaysia Malaysia 6% 6% Singapore Singapore 51% 52% Chi
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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