Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Shareholder Meeting (July 2022)
25 slides from Mapletree Logistics Trust's shareholder meeting presentation, Jul 18, 2022
Slide 1: Mapletree Logistics Trust 13th Annual General Meeting
Mapletree Logistics Trust 13th Annual General Meeting 18 July 2022
Slide 2: Disclaimer
Disclaimer This presentation shall be read in conjunction with Mapletree Logistics Trust’s (“MLT”) financial statements for the financial year ended 31 March 2022. This presentation is for information only and does not constitute an offer or solicitation of an offer to sell or invitation to subscrib
Slide 3: Notice of AGM
mapletree Notice of AGM logistics mapletree ogists mapleiree bogistics: ...Capturing Opportunities
Slide 4: Agenda
Agenda 01 FY21/22 Key Highlights 02 Portfolio Highlights 03 Growing Sustainably 04 Looking Ahead Mapletree (Zhongshan) Modern Logistics Park
Slide 5: FY21/22 Key Highlights
FY21/22 Key Highlights Mapletree Logistics Hub - Tanjung Pelepas
Slide 6: FY21/22 Key Highlights: Resilient Portfolio Delivering Returns
FY21/22 Key Highlights Prudent Capital Resilient Portfolio Delivering Returns Management Assets Under S$13.1b Aggregate 36.8% Management Leverage (38.4% FY20/21) 21.1% YoY Amount S$390.7m Distributable to 17.3% YoY Unitholders Average Debt 3.8 Years Gross Floor 7.9M sqm Duration (3.8 Years FY20/21)
Slide 7: Robust Balance Sheet
Robust Balance Sheet As at As at Sufficient available 31 Mar 2022 31 Mar 2021 committed credit facilities Total Debt (S$ million) 4,958 4,226 of S$921m to refinance Aggregate Leverage Ratio1,2 36.8% 38.4% S$534m or 11% of total debt due in FY22/23 Weighted Average Annualised 2.2% 2.2% Interest Rat
Slide 8: Proactive Interest Rate and Forex Risk Management
Proactive Interest Rate and Forex Risk Management Interest Rate Risk Management Forex Risk Management 79% of total debt is hedged or drawn in fixed rates About 76% of amount distributable in the next 12 months Every potential 25 bps increase in base rates1 may result in is hedged into / derive
Slide 9: Portfolio Valuation
Portfolio Valuation Valuation as at Valuation as at Cap rates 31 Mar 2022 31 Mar 2021 Country No. of No. of Local Currency Local Currency As at 31 Mar 2022 As at 31 Mar 2021 Properties Properties Singapore 53 SGD 2,499 m 52 SGD 2,481 m 5.25% - 7.25% 5.25% - 7.25% Australia 13 AUD 1,100 m 12 AUD 833
Slide 10: Portfolio Highlights
Portfolio Highlights Mapletree Kobe Logistics Centre
Slide 11: Geographical Diversification Underpins Portfolio Resilience
Geographical Diversification Underpins Portfolio Resilience In FY21/22, MLT extended its regional footprint into new geographical sub-markets and built depth in existing markets to meet the growing warehousing needs of our tenants MLT’s well-diversified portfolio enhances its competitive positio
Slide 12: Growing and Diversified Tenant Base
Growing and Diversified Tenant Base Fashion, Apparel Top 10 Tenants Account for ~24.2% of Total Gross Revenue & Cosmetics 7% F&B Consumer CWT 6.3% 21% Staples Commodities 20% Coles Group 3.1% 4% Furniture & Equinix 2.9% Information Trade Sector by Gross Furnishings Communications Revenue 2% S.F. Exp
Slide 13: Proactive Lease Management
Proactive Lease Management Healthy Portfolio Occupancy Across All Markets Singapore Japan Hong Kong SAR South Korea China Malaysia Vietnam Australia India Portfolio Mar-22 97.8% 98.4% 99.9% 98.2% 93.1% 99.1% 100.0% 100.0% 100.0% 96.7% Well-Staggered Lease Expiry Profile with WALE of 3.5 years (by NL
Slide 14: Advancing our reach … Capturing opportunities
Advancing our reach … Capturing opportunities Announced S$1.9 billion of acquisitions in FY21/22 Strengthened portfolio quality and growth potential with proposed acquisitions of 23 modern logistics facilities in Australia, China, Japan, Malaysia, Singapore, South Korea and Vietnam1 Accretive ac
Slide 15: Advancing our reach … Capturing opportunities
Advancing our reach … Capturing opportunities Kuwana Centre, Greater Nagoya, Portfolio of 16 logistics 2 parcels Baeksa Logistics Centre, Icheon, Japan properties comprising 13 of leasehold industrial South Korea properties in China and properties, Subang Jaya, 3 properties in Vietnam Selangor, Mala
Slide 16: Consistent Track Record
Consistent Track Record Stable distributions and consistent long-term returns to Unitholders through different economic and property cycles Focused and proactive approach towards asset and lease management, acquisitions and capital management Outperformance Against Key Indices Stable Distributio
Slide 17: Growing Sustainably
Growing Sustainably Mapletree Logistics Park Bac Ninh Phase 3
Slide 18: Greening Our Portfolio in FY21/22
Greening Our Portfolio in FY21/22 Energy Green Financing Solar Generating Capacity Achieved 6% y-o-y reduction in energy S$800 million green financing Achieved 31% y-o-y increase in MLT’s intensity in Singapore, Hong Kong SAR, secured to-date solar generating capacity to 13.8MWp Vietnam, China, Mala
Slide 19: Contributing to Our Community
Contributing to Our Community 47% staff participation rate in 7 local CSR events e.g. community recycling, meal delivery to the needy and upgrading of schools KR JP HK VN SG AU MY SG 19
Slide 20: Our Commitment to Growing Sustainably
Our Commitment to Growing Sustainably Long-term target: Achieve Carbon Neutrality for Scope 1 and 2 emissions by 2030 Green Buildings Solar Generating Capacity Establish MLT’s Green Roadmap to a sustainable climate Increase solar energy generating capacity across resilient portfolio, including plans
Slide 21: Looking Ahead
Looking Ahead Mapletree (Yuyao) Logistics Park II
Slide 22: Greater Emphasis on Supply Chain Resiliency
Greater Emphasis on Supply Chain Resiliency Provides further impetus to the growth in demand for logistics space Before Trade War and Covid-19 Moving from “Just-in-Time” to “Just-in-Case” Supply chains have been focusing on cost Inventory of retailers is expected to increase efficiency with companie
Slide 23: Supply Chain Diversification
Supply Chain Diversification China Plus Strategy benefitting Vietnam and Malaysia “China Plus” Strategy to benefit Vietnam and Malaysia Foreign Direct Investment and Growth (US$ billion, %) China Plus One – a business strategy where companies avoid investing only in China but diversify into other
Slide 24: Continue to Execute Our “Yield+Growth” Strategy
Continue to Execute Our “Yield+Growth” Strategy To provide Unitholders with competitive total returns through regular distributions and growth in asset value Macroeconomic headwinds and volatility Geopolitical tensions Supply chain disruptions Yield High energy costs / inflation Optimisation o
Slide 25: Thank You
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