Slide 1: Acquisition of 30 Boon Lay Way and 22A Benoi Road, Singapore
Acquisition of 30 Boon Lay Way and 22A Benoi Road, Singapore 18 March 2008
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the properties: 30 Boon Lay Way Singapore 609957 22A Benoi Road Singapore 629893 Impact on MapletreeLog Acquisitions are DPU-accretive Tenant concentration Asset mix Average lease duration Unexpired lease of underlying land Geographical allocation of portfolio 1
Slide 3: 30 Boon Lay Way
506002si_2 Jul.ppt 30 Boon Lay Way Purchase Price : S$48.0 million Valuation: S$ 48.6 million by Chesterton International Property Consultants Pte Ltd on 5 March 2008 Land tenure: 30 + 15 yrs, expiring in July 2034 Land area : 38,936 sqm (approx.) GFA : 37,201 sqm (approx.) Lettable area : 37,201 sq
Slide 4: 22A Benoi Road
506002si_2 Jul.ppt 22A Benoi Road Purchase Price : S$7.6million Valuation : S$7.8 million by Chesterton International Property Consultants Pte Ltd on 5 March 2008 Land tenure: 30 + 20 years, expiring in February 2030 Land area : 10,489 sqm (approx.) GFA : 6,948 sqm (approx.) Lettable area : 6,948 sq
Slide 5: Acquisitions are DPU-accretive
506002si_2 Jul.ppt Acquisitions are DPU-accretive 30 Boon Lay Way Total Return (over 10 years) 8.0% DPU impact1 0.11 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31 December 2007 (based
Slide 6: Acquisitions are DPU-accretive
506002si_2 Jul.ppt Acquisitions are DPU-accretive 22A Benoi Road Total Return (over 10 years) 7.8% DPU impact1 0.02 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31 December 2007 (based
Slide 7: Better Tenant Diversification
506002si_2 Jul.ppt 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% 5% 4.3% 4% 3.7% 3.6% 3.5% 3.5% 3.4% 4% 3.1% 3.0% 3% 2.6% 2.6% 3% 2.3% 2.2% 1.9% 1.9% 2% 1.7% 1.6% 1.4% 1.4% 1.4% 2% 1% 1% 0
Slide 8: 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 3.6% Industrial 3.5% FTZ 3PL Industrial FTZ 3PL Warehousing 6.1% Wa
Slide 9: Average lease duration
506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of December 2007) 50% Pre-Acquisition Post-Acquisition 43.5% 45% 42.3% 40% 35% 30% 25% 18.9% 18.5% 20% 13.6% 13.3% 15% 9.1% 8.9% 7.8% 10% 7.6% 7.4% 7.3% 5% 0% Expiring in 2008 Expiring in 2009 Expiring in
Slide 10: 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 45% 42.5% 41.6% 40% % of Total Lettable Area 35% 30% 28.8% 28.2% 25% 20% 15.3%15.0% 15% 10% 7.3% 7.4% 7.2% 5.4% 5% 0.6% 0.6% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs
Slide 11: 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 14% 1% 14% 1% Malaysia Malaysia 6% 6% Singapore Si
Slide 12: 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