November 2015
GLP - Leading Global Provider of Modern Logistics FacilitiesGLP's US$33 billion1
NAV breakdown3
property portfolio encompasses 48 million
sqm (521 million sq ft) of logistics facilities across China, Japan, Brazil and USA
GLP's growth strategy is centered on being the best operator, creating value through developments, and expanding its global footprint via its fund management platform
GLP is a SGX-listed company (stock code: MC0.SI) with a market capitalization of US$8 billion2; GIC is the largest single investor in GLP
GLP provides investors with an opportunity to capitalize on the fast-growing logistics industry in the largest and most rapidly expanding markets across the globe
Others 6%
USA 7%
Brazil 5%
China 58%
Japan 24%
GLP Park Suzhou
China
GLP Park Tokyo Japan
GLP Park Colgate & Elog
Brazil
San Francisco Bay Area California, USA
Note:
As of 30 September 2015
As of 30 October 2015 2
Pro-forma NAV assuming GLP's 10% equity stake in both GLP US Income Partners I and GLP US Income Partners II
GLP Global FootprintChina
Presence in 36 cities
23.4mm sqm total area
12.3mm sqm completed
11.1mm sqm development pipeline
12.4mm sqm land reserves
United States of America
Presence in 32 key markets
16.1mm sqm total and completed area
Fast-growing logistics market supported by domestic consumption growth
Limited supply of modern logistics facilities
Japan
86% in Tokyo and Osaka
4.9mm sqm total area
4.3mm sqm completed
0.6mm sqm development pipeline
Demand outstripping supply
20 consecutive quarters of positive net absorption
Well-established logistics industry
Scarcity of modern logistics facilities
Brazil
88% in São Paulo and Rio de Janeiro
3.5mm sqm total area
Development Starts
FY16 Target (100%)
FY16 Target (GLP Share)
China
US$1.7bn
US$840m
Japan
US$980m
US$480m
Brazil
US$250m
US$90m
Total
US$2.9bn
US$1.4bn
2.5mm sqm completed
1.0mm sqm development pipeline
Domestic consumption drives demand for modern logistics facilities
Companies shifting from owning warehouses to leasing amid continued efforts to improve supply chain efficiency
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Leading Developer, Owner
& Manager of Modern Logistics Facilities
Creating Value
GLP's Three-Pronged Growth StrategyScalable Platform; Recurring Fees
Note:
Excludes impact of new US segment for comparability purposes
On 100% basis
1H FY16 Earnings (PATMI) Growth of 42% to US$382 million
Domestic Consumption Continues to Drive Leasing Demand
2Q FY16 Group new & expansion leases up 51%1 yoy
Group average lease ratio up 1% qoq to 93%
Development Pipeline Continues to Generate Value
Completed US$349 million of developments2 with 24% value creation margin - GLP share of value creation US$40 million
Significant Growth in Fund Management Platform
1H FY16 Fund management fees up 51% to US$74 million
Completed GLP US Income Partners I syndication
Completed acquisition of US$4.55 billion US logistics portfolio with China Life and two other investors
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