Mapletree Logistics Trust · SGX:M44U
Mapletree Logistics Trust — Merger or Acquisition (March 2007)
15 slides from Mapletree Logistics Trust's merger presentation, Mar 22, 2007
Slide 1: Acquisition of Portfolio of five properties in Japan
Acquisition of Portfolio of five properties in Japan 22 March 2007
Slide 2: Agenda
506002si_2 Jul.ppt Agenda Details of the properties: ¾ Atsugi Centre, 6491-1 Nakatsuazaotsuka Aikawa-cho Kanagawa, Japan ¾ Ayase Centre, 2 Yoshioka Higashi Ayase-shi Kanagawa, Japan ¾ Funabashi Centre, 488-1 Suzumi-cho Funabashi-shi Chiba, Japan ¾ Zama Centre, 2 Hironodai Zama-shi Kanagawa, Japan
Slide 3: Summary information on portfolio of 5 Japan properties
506002si_2 Jul.ppt Summary information on portfolio of 5 Japan properties Total Consideration : JPY 27.8 billion (approx. S$350.8 million1) Total Land Area : 108,968 sqm (approx.) Land Tenure : Freehold Total GFA : 103,864 sqm (approx.) Lease Terms : Ranges from 7 years to 18 years Tenan
Slide 4: Atsugi Centre
506002si_2 Jul.ppt 1 Atsugi Centre Land tenure: Freehold Land area : 16,362 sqm (approx.) GFA : 17,262 sqm (approx.) Lettable area : 17,262 sqm (approx.) Lease terms : Vendor : Yugen Kaisha Hawkeye Lessee : A leading 3PL service provider in Japan Lease term expiry : September 2020 The property
Slide 5: Ayase Centre
506002si_2 Jul.ppt 2 Ayase Centre Land tenure: Freehold Land area : 7,633 sqm (approx.) GFA : 3,903 sqm (approx.) Lettable area : 3,903 sqm (approx.) Lease terms : Vendor : Yugen Kaisha Hawkeye Lessee : A 3PL service provider for food companies. Lease term expiry : November 2014 The property i
Slide 6: Funabashi Centre
506002si_2 Jul.ppt 3 Funabashi Centre Land tenure: Freehold Land area : 32,584 sqm (approx.) GFA : 19,018 sqm (approx.) Lettable area : 19,018 sqm (approx.) Lease terms : Vendor : Yugen Kaisha Hawkeye Lessees : 3PL service providers for food companies The property consists of two blocks of two
Slide 7: Zama Centre
506002si_2 Jul.ppt 4 Zama Centre Land tenure: Freehold Land area : 21,128 sqm (approx.) GFA : 41,171 sqm (approx.) Lettable area : 41,171 sqm (approx.) Lease terms : Vendor : Yugen Kaisha Hawkeye Lessee : The logistics arm of a major Japanese manufacturer of communications and information tech
Slide 8: Kyoto Centre
506002si_2 Jul.ppt 5 Kyoto Centre Land tenure: Freehold Land area : 31,260 sqm (approx.) GFA : 22,510 sqm (approx.) Lettable area : 22,510 sqm (approx.) Lease terms : Vendor : Yugen Kaisha Hawkeye Lessee : A 3PL service provider for food companies Lease term expiry : February 2025 The property
Slide 9: Acquisitions are DPU-accretive
506002si_2 Jul.ppt Acquisitions are DPU-accretive Portfolio of 5 properties in Japan Total Return (over 10 years) 6.09% DPU impact1 0.56 Singapore cents (proforma annualised impact) 1. Assuming MapletreeLog had purchased, held and operated the properties for the whole of the financial year ended 31
Slide 10: Tenant concentration
506002si_2 Jul.ppt Tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of December 2006 6% Pre-Acquisitions Post-Acquisitions 5.6% 4.9% 5% 4.5% 4.4% 4% 3.9% 3.9% 3.3% 3% 2.9% 2.8% 2.4% 2.0% 2.0% 2% 1.8% 1.9% 1.7% 1.7% 1.6% 1% 0.0% 0.0% 0.0% 0% Ever Gain Zama Ce
Slide 11: Asset mix
506002si_2 Jul.ppt Asset mix Before the acquisitions After the acquisitions Gross Revenue Contribution by Trade (Pre-Acquisitions) Gross Revenue Contribution by Trade (Post-Acquisitions) Oil & Chemical Oil & Chemical Logistics FTZ 3PL Logistics FTZ 3PL 5.2% 7.0% Industrial 4.5% 6.1% Industrial Wareh
Slide 12: Average lease duration
506002si_2 Jul.ppt Average lease duration Lease Expiry Profile by Gross Revenue (for the Month of Decem ber 2006) 45% Pre-A cquisitions Post-A cquisitions 40.6% 40% 35% 32.1% 30% 25% 20% 17.6% 15.0% 15.4% 15% 12.2% 13.1% 10.7% 10.5% 9.2% 10% 6.8% 6.0% 5.2% 4.6% 5% 0% Expiring in Expiring in Expiring
Slide 13: Unexpired lease of underlying land
506002si_2 Jul.ppt Unexpired lease of underlying land Re maining Y e ars to Expiry of Unde rlying Land Le ase Pre-A cquisitions Post-A cquisitions 50% 44.9% 45% 40.5% 41.4% 40% 38.1% % of Total Lettable Area 35% 30% 25% 20% 15% 9.6% 9.0% 10% 5% 3.9% 3.6% 3.7% 3.5% 0.8% 0.8% 0% 0 - 20 yrs 21 - 30 yrs
Slide 14: Geographical allocation of portfolio
506002si_2 Jul.ppt Geographical allocation of portfolio Before the acquisitions After the acquisitions Country Allocation - By Gross Revenue Country Allocation - By Gross Revenue (Pre-Acquisitions) (Post-Acquisitions) Japan Japan Malaysia 1% 14% 6% China Malaysia 7% 5% Singapore China 55% Singapore
Slide 15: 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
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