Slide 1: Acquisition of Shatin 5 property, Hong Kong
Acquisition of Shatin 5 property, Hong Kong 10 Jul 2007
Slide 2: Agenda
Agenda Details of the property: ¾ No. 6 Wong Chuk Yeung Street, Shatin, New Territories, Hong Kong Impact on MapletreeLog ¾ Acquisition is DPU-accretive ¾ Tenant concentration ¾ Asset mix ¾ Average lease duration ¾ Unexpired lease of underlying land ¾ Geographical allocation of portfolio 1 1
Slide 3: Shatin 5 property
Shatin 5 property Purchase Price : HK$66 million (approx. S$13 million) Valuation: HK$70.4 million (approx. S$13.7 million) by DTZ Debenham Tie Leung Limited, dated 21st Jun 2007 Land tenure : Expiring 30 Jun 2047 Land area : 4,370 sqm (approx.) GFA : 6,599 sqm (approx.) Vendor : Ever Gain
Slide 4: Acquisition is DPU-accretive
Acquisition is DPU-accretive Shatin 5 property Total Return (over 10 years) 9.9% DPU impact1 0.01 Singapore cents (proforma annualised impact) 1. Assuming Mapletreelog had purchased, held and operated the property for the financial year ended 31 December 2006 (based on 41 properties) and that the ac
Slide 5: Tenant concentration
Tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of March 2007 6% Pre-Acquisition Post-Acquisition 4.9% 5% 4.3% 4.0% 4.0% 4% 3.6% 3.5% 3.5% 3.5% 3% 2.6% 2.6% 2.2% 2.2% 2% 1.6% 1.6% 1.6% 1.5% 1.5% 1.5% 1.5% 1.5% 1% 0% Ever Gain Zama Centre Teck Wah Kyoto Cent
Slide 6: Asset mix
Asset mix Before the acquisition After the acquisition Gross Revenue Contribution by Trade (Pre-Acquisition) Gross Revenue Contribution by Trade (Post-Acquisition) Oil & Chemical Logistics Oil & Chemical Logistics Industrial 4.1% FTZ 3PL FTZ 3PL 4.1% Warehousing 4.4% 4.3% Industrial Warehousing 11.3
Slide 7: Average lease duration
Average lease duration L e a s e Ex p ir y P r o file b y Gr o s s R e ve n u e (fo r th e M o n th o f M a r c h 2 0 0 7 ) 40% Pr e - A c q u is itio n Po s t- A c q u is itio n 37.6% 37.3% 35% 30% 25% 20% 16.7% 16.6% 15% 13.3% 13.2% 9.6% 9.5% 9.4% 10.0% 10% 6.9% 6.8% 6.3% 6.2% 5% 0% Ex p ir in g i
Slide 8: Unexpired lease of underlying land
Unexpired lease of underlying land R e m a in in g Y e a r s t o E x p ir y o f U n d e r lyin g La n d Le a s e Pr e - A c q u is itio n Po s t- A c q u is itio n 50% 45% 44.2% 44.1% 40% % of Total Lettable Area 35% 29.6% 29.5% 30% 25% 20% 14.3%14.6% 15% 10% 7.8% 7.8% 5% 3.4% 3.4% 0.7% 0.7% 0% 0 -
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 Japan 12% 12% Malaysia Malaysia 6% 6% Singapore Singapore China 50% China 50% 7% 7% Hong Kong Hong
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