Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (July 2010)

13 slides from Mapletree Logistics Trust's merger presentation, Jul 28, 2010

  1. Slide 1: Acquisition in Japan

    Acquisition in Japan - Iwatsuki Logistics Centre - Iruma Logistics Centre - Noda Logistics Centre 28 July 2010 0 0

  2. Slide 2: MapletreeLog continues its growth strategy

    MapletreeLog continues its growth strategy ¾ Continues its accretive growth strategy ¾ Acquisition of 3 properties in Japan in key logistics hubs in Kanto region; well connected by major roads and expressways ¾ Sixth announced acquisition; also the largest announced since December 2009 ● Gyoda Iwats

  3. Slide 3: Iwatsuki Logistics Centre

    Iwatsuki Logistics Centre ƒ Purchase Price: JPY 4.8 billion (~ S$ 74.3 million) ƒ Land tenure: Freehold ƒ Land area: 40,000 sqm ƒ GFA: 30,000 sqm ƒ Vendor: Kabushiki Kaisha A-MAX Iwatsuki Logistics Centre is located 10 minutes from ƒ Customer: Oji Transportation Co. Ltd Tohoku Expressway, Iwatsuki I

  4. Slide 4: Iruma Logistics Centre

    Iruma Logistics Centre ƒ Purchase Price : JPY3.4 billion (~S$52.6 million) ƒ Land tenure : Freehold ƒ Land area : 26,000 sqm GFA : 26,000 sqm ƒ Vendor : Kabushiki Kaisha A-MAX ƒ Customer: Oji Transportation Co. Ltd Iruma Logistics Centre is a 5-minute drive from Iruma Interchange of Ken-O Expressway

  5. Slide 5: Noda Logistics Centre

    Noda Logistics Centre ƒ Purchase Price : JPY4.8 billion (~S$74.3 million) ƒ Land tenure : Freehold ƒ Land area : 24,000 sqm GFA : 36,000 sqm ƒ Vendor : Kabushiki Kaisha T Asset ƒ Customer: Izu Express Trucking Inc Noda Logistics Centre is located about 15 minutes from ƒ Lease terms: 10 years fixed l

  6. Slide 6: Benefits of the Acquisitions

    Benefits of the Acquisitions ¾ Attractive NPI yields and DPU accretion 9 Accretion to DPU of 0.33 cents or 5.6% above actual 1H 10 DPU ¾ Stable leases with quality customers and long lease terms 9 100% occupied and fully income generating for next 8-10 years Î stable rental income stream 9 Customers

  7. Slide 7: Acquisitions are DPU accretive

    Acquisitions are DPU accretive Iwatsuki, Iruma and Noda logistics centres Total Return (over 10 years) 7.3% Accretion over 1H10 annualised DPU1 0.33 Singapore cents or 5.6% 1 - Assuming MapletreeLog has purchased, held and operated the properties on a proforma basis from beginning of Jan 2010 based

  8. Slide 8: Tenant diversification provides portfolio stability

    Tenant diversification provides portfolio stability Top 10 tenants by gross revenue Pre-acquisition (portfolio of 87 properties) 7 Post-acquisition (portfolio of 90 properties, including 3 latest ones) 7

  9. Slide 9: 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: 57.8% Total 3PL: 53.8% % 8 8

  10. Slide 10: Average lease duration

    Average lease duration Lease expiry profile by gross revenue Pre-acquisition Post-acquisition Weighted average lease term to expiry 4.8 years 5.0 years 9 9

  11. Slide 11: Unexpired lease of underlying land

    Unexpired lease of underlying land Remaining years to expiry of underlying land lease* Pre-acquisition Post-acquisition Weighted average of unexpired lease term of 164.0 years 167.1 years underlying land * 10 For purposes of computation, land tenure for all the freehold properties is assumed to be 9

  12. Slide 12: Geographical allocation of portfolio

    Geographical allocation of portfolio Pre-acquisition Post- acquisition 11 11

  13. Slide 13: 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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