Mapletree Logistics Trust · SGX:M44U

Mapletree Logistics Trust — Merger or Acquisition (January 2006)

10 slides from Mapletree Logistics Trust's merger presentation, Jan 26, 2006

  1. Slide 1: Acquisition of Three Properties in Malaysia

    Acquisition of Three Properties in Malaysia 26 January 2006

  2. Slide 2: Agenda

    506002si_2 Jul.ppt Agenda ƒ Details of the three properties: ¾ Subang 1 and Subang 2 properties ¾ Lot 1, Perisiaran Budiman Section 23 Shah Alam, Malaysia ƒ Impact on MapletreeLog ¾ Acquisitions are DPU accretive ¾ Reduced tenant concentration ¾ Diversified asset mix ¾ Long average lease duration ¾

  3. Slide 3: Two Properties at Subang

    506002si_2 Jul.ppt Two Properties at Subang ƒ Aggregate Purchase price: RM41.7m (S$18.6m) ƒ Land tenure: expiry in 2095 for Subang 1 property and expiry in 2088 for Subang 2 property ƒ Aggregate land area: 34,400.5 sqm Aggregate GFA: 21,170 sqm Aggregate lettable area: 21,170 sqm The Subang 1 Proper

  4. Slide 4: Lot 1, Perisiaran Budiman Section 23 Shah Alam

    506002si_2 Jul.ppt Lot 1, Perisiaran Budiman Section 23 Shah Alam ƒ Purchase price: RM45.0m (S$20.1m) ƒ Land tenure: expiry in 2095 ƒ Land area: 40,991 sqm GFA: 29,783 sqm Lettable area: 29,783 sqm ƒ Lease terms: ¾ Single tenanted for 9 years, starting from 16 May 2001, with option to renew for 3 ye

  5. Slide 5: Acquisitions are yield accretive

    506002si_2 Jul.ppt Acquisitions are yield accretive First Year Subang 1 Subang 2 Lot 1, Shah Property Property Alam Initial EBITDA (before tax) 7.3% 7.4% 6.9% Total Return (over 5 years) 11.2% 12.6% 11.0% Total Return (over 10 years) 14.2% 13.3% 11.4% DPU accretion1 over FY2005 0.009 cents 0.009 cen

  6. Slide 6: Reduced tenant concentration

    506002si_2 Jul.ppt Reduced tenant concentration Top 10 Tenants of the Entire Portfolio by Gross Revenue for the Month of September 2005 9% 8.5% 8.1% Pre-Acquistion Post-Acquisition 8% 7% 5.7% 5.6% 6% 5.5% 5.4% 5% 4.3% 4.1% 3.7%3.6% 3.6%3.5% 4% 3.4% 3.3% 3.1%2.9% 2.8%2.7% 2.7% 3% 2.6% 2% 1% 0% Teck W

  7. Slide 7: More diversified asset mix

    506002si_2 Jul.ppt More diversified asset mix Before the acquisitions* After the acquisitions* Gross Revenue Contribution by Trade (Pre-Acquistion) Gross Revenue Contribution by Trade Sector (Post-Acquisition) Oil & Chemical FTZ 3PL FTZ 3PL Logistics 14.5% 14.4% 9.8% Oil & Chemical Logistics Industr

  8. Slide 8: Long average lease duration

    506002si_2 Jul.ppt Long average lease duration Lease Expiry Profile by Gross Revenue (for the Month of Septem ber 2005) 80% 70.2% 70.1% 70% Pre-Acquisition Post-Acquisition 60% 50% 40% 30% 20% 12.0% 11.4% 7.9% 7.5% 9.9% 9.5% 10% 0% Expiring in 2006 Expiring in 2007 Expiring in 2008 Expiring after 20

  9. Slide 9: Leasehold for underlying land still long

    506002si_2 Jul.ppt Leasehold for underlying land still long Remaining Years to Expiry of Underlying Land Lease 70% 58.8% 60% 56.7% Pre-Acquisition Post-Acquisition % of Total Lettable Area 50% 40% 30% 23.6%22.4% 20% 9.2% 8.7% 10% 6.1% 5.8% 4.5% 4.3% 0.0% 0% 0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50

  10. Slide 10: 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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