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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