PowerPoint Presentation


Investor and Analyst Meetings

November 2015

GLP - Leading Global Provider of Modern Logistics Facilities




  • GLP'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:

  1. As of 30 September 2015

  2. As of 30 October 2015 2

  3. Pro-forma NAV assuming GLP's 10% equity stake in both GLP US Income Partners I and GLP US Income Partners II

    GLP Global Footprint




    China

    • 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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OPERATIONS

Leading Developer, Owner

& Manager of Modern Logistics Facilities


DEVELOPMENT

Creating Value

GLP's Three-Pronged Growth Strategy




FUND MANAGEMENT

Scalable Platform; Recurring Fees

Note:

  1. Excludes impact of new US segment for comparability purposes

  2. 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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