Cambridge Industrial Trust : Investor Presentation

Investor Presentation

May 2017

25 Pioneer Crescent

Content

• Executive Summary

• Real Estate Highlights

• Financial & Capital Management Highlights

• Corporate Developments and Looking Ahead

• Appendix

CIT Corporate Structure

• IPO in July 2006
• Current Market Cap ~S$756 million
• 49 Properties
• ~8.4 million sq ft of GFA
• ~7.7 million sq ft of NLA
• S$1.35 billion Property Value
• 8.3 months of Security Deposits
• ~95.4%1 Occupancy Rate
• 213 Tenants

e-Shang Redwood Limited ("ESR")

100%

Cambridge Real Estate Management Pte. Ltd.

Mitsui & Co. Ltd

100%

80%

20%

Cambridge Industrial Property Management Pte Ltd ("CIPM") (Property Manager)

Cambridge Industrial Trust Management Limited ("CITM") (REIT Manager)

RBC Investor

Acts on behalf of Unitholders

Property

management

services

Property management and other fees

Management

services

Management and other fees

Services Trust Singapore Limited (Trustee)

Trustee fees

Cambridge Industrial Trust ("CIT")

Assets

1Excludes 120 Pioneer Road that is undergoing asset enhancement initiative

Major Corporate Developments

A Year of Transition and New Beginnings

1

Management team continues to focus on CIT's core business

• Proactive asset management to maintain occupancy and tenant retention in a challenging operating environment

• Conservative approach maintained in relation to capital structure and acquisitions;

divestment of non-core assets continues to be a strategic focus

2

3

1. Shang Redwood ("ESR") - New developer-sponsor for CIT

   • ESR is the new majority shareholder

     • One of the largest pan-Asia logistics real estate developers, owners and operators

     • ESR holds 12.01% stake of CIT - alignment of interests with Unitholders, effectively becoming its second largest shareholder

   • Adrian Chui appointed as CEO

     New Chairman and Board rejuvenation as part of succession planning

     • Well-balanced with 50% Independent Directors