GLP_2016.indb

REDEFINING

LOGISTICS

Global Logistic Properties Annual Report 2016

Cross-reference to relevant sections within this report

View more information on our website: www.GLProp.com

REDEFINING

LOGISTICS

GLP connects consumers and products. We are much more than a bricks- and-mortar business - we provide solutions instead of just properties. GLP continuously innovates to help customers improve their supply chain, increase efficiency and serve the market more competitively.

WHO WE ARE

GLP is the leading global owner, manager and developer of modern logistics facilities. GLP's US$36 billion property portfolio encompasses 52 million sqm (560 million sq ft) of logistics facilities across China, Japan, US and Brazil.

GLP remains focused on being the best operator in each of its markets, creating value through developments and expanding its fund management platform. GLP's customers include some of the world's most dynamic manufacturers, retailers and third-party logistics companies. Domestic consumption is a key driver of demand for GLP.

MISSION

To shape the development of the logistics industry by harnessing the power of our platform and team to drive value for our customers while making a positive difference in the broader community.

CONTENTS GROUP OVERVIEW

Business Model 2

Our Strategy 3

Financial Highlights 4

Operational Highlights 5

Our Milestones 6

Where We Operate 8

Market Review 10

Letter to Shareholders 12

CEO Strategic Q&A 15

BUSINESS REVIEW

Operations 19

Development 22

Fund Management 24

Financial Review 28

Sensitivity Analysis 30

Capital Management 31

Risk Management 34

CORPORATE RESPONSIBILITY

Environmental, Social and Governance 36

GLP Family 41

CORPORATE GOVERNANCE

Board of Directors 44

Executive Committee. 48

Corporate Governance 52

Investor Relations 78

FINANCIAL REPORT

Directors' Statement 82

Independent Auditors' Report 87

Financial Statements 88

Statistics of Shareholdings 176

Notice of AGM 178

GLP Offices 184

Proxy Form. 185

Corporate Information .........................Inside Back Cover

The figures in this report may be subject to rounding differences

BUSINESS MODEL

OWN. DEVELOP. MANAGE.

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's scale and proven track record differentiate it from its competitors.

See page 24

FUND MANAGEMENT

GLP partners with world-class investors to grow the Company's network. Its fund management platform enhances returns while enabling GLP to grow faster.

US$35bn

Fund management platform

US$150m

FY16 fund fees

See page 22

DEVELOPMENT

GLP builds to meet market demand and serve customers' needs. It generates significant value through development.

" NETWORK EFFECT "

US$2.1bn

FY16 development completions

US$255m

Development profit

(27% development profit margin)

OPERATIONS

GLP owns and manages modern logistics facilities. Operations are the foundation of its business model.

92%

Lease ratio

90%

Domestic consumption driven

See page 19

2 GLP Annual Report 2016

Global Logistic Properties Limited published this content on 28 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 June 2016 00:00:01 UTC.

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