Global Logistic Properties : 4Q FY2016 RESULTS - PRESENTATION SLIDES

PowerPoint Presentation

4th Quarter and Financial Year 2016

Results for Year ended March 31, 2016

18 May 2016

1. Highlights

GLP Soja

Japan

1. Highlights

1. Financial Results

2. Appendix

   FY16 Highlights

   • FY16 Earnings up 48%, driven by higher asset values in China, development completion gains in Japan and GLP's US entry

   • Proposed Dividend of 6.0 SGD cents per ordinary share, up 9%1 from last year

     OPERATIONS

     Leading Developer, Owner & Manager of Modern Logistics Facilities

     • Operational Momentum Continues with Solid Customer

       Demand

       • Group lease ratio: 92%

       • FY16 Same-property net operating income up 6.9%

       • FY16 New and renewal leases of 9.8 million sqm, up 23%2

         DEVELOPMENT

         Creating Value

     • GLP Develops to Meet Customer Demand

       • FY16: US$255 million value creation from development completions (3% of NAV)

       • FY17 Target Starts: US$2.1 billion (10% of portfolio3)

         FUND MANAGEMENT

         Scalable Platform; Recurring

         Fees

       • FY17 Target Completions: US$1.5 billion (8% of portfolio3)

     • Accelerated Growth in Fund Management Platform

       • FY16 Fund management fees of US$150 million, up 38%

       • 66% of second US portfolio syndicated, GLP expects to fully syndicate the rest of the US$4.7 billion portfolio soon and retain a stake of less than 10%

Note:

1. In SGD per ordinary share basis

2. Excludes impact of new US segment for comparability purposes 3

3. Based on GLP's completed portfolio in China, Japan and Brazil as of 31 March 2016

   Overview of Logistics Markets

   China: Domestic Consumption Continues to Grow

   Japan: Modern Logistics Facilities are Scarce

   • Demand for modern logistics space in China driven by continued growth in domestic consumption

   • Supply chain reconfiguration creating opportunities for GLP to modernize outdated stock of existing warehouses

     90%

     80%

     70%

     60%

     50%

     40%

     30%

     Domestic Consumption as % of Total GDP

     2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F 2020F 2030F

     20.0%

     18.0%

     16.0%

     14.0%

     12.0%

     10.0%

     8.0%

     6.0%

     4.0%

     2.0%

     0.0%

     Logistics Real Estate Vacancy

     5.0%

     1.4%

     China Japan USA Germany

     2009 2010 2011 2012 2013 2014 2015 2016

     Greater Tokyo Greater Osaka

     Source: World Bank, GLP Estimates Source: Ichigo Real Estate, January 2016

     US: Demand Continues to Outpace Supply

     Brazil: Long-Term Growth Opportunity Intact

   • Supply remains well below historical levels: supply level in 2015 satisfied less than two-thirds of demand

   • Net absorption in São Paulo remains stable and the leasing demand is driven by an outsourcing trend

2.0%

% of Total Stock

1.0%

0.0%

-1.0%

Completions vs Net Absorption in the US Market

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Completions

'000 sq ft

1,000

500

0

2.7%

Net Absorption vs GDP in São Paulo

2.7%

1.0%

0.1%

-3.8%

3.0 %

1.0 % (1.0)% (3.0)% (5.0)%

-2.0%

Source: CBRE-EA, 2016

Net Absorption

2011 2012 2013 2014 2015

GLA GDP

Source: CBRE, 2015

4