Global Logistic Properties : PRESENTATION SLIDES - 2016 CITI GLOBAL PROPERTY CEO CONFERENCE

PowerPoint Presentation

2016 Citi Global Property CEO Conference

Hollywood, Florida March 14, 2016

GLP - Leading Global Provider of Modern Logistics Facilities

• GLP's US$34 billion1

  NAV breakdown3

  property portfolio encompasses 538 million

  sq ft (50 million sqm) 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$6 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

Corporate 6%

USA 7%

Brazil 5%

China 59%

Japan 23%

GLP Park Suzhou

China

GLP Park Tokyo Japan

GLP Park Colgate & Elog

Brazil

San Francisco Bay Area California, USA

Note:

1. As of 31 December 2015

2. As of 29 February 2016 2

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

   GLP Global Footprint

   
   

   
   

   
   

   China

   • Presence in 38 cities

   • 273m sq ft total area

   • 146m sq ft completed

   • 127m sq ft development pipeline

   • 136m sq ft land reserves

     
     

     United States of America

      Presence in 37 key markets

      173m sq ft total and completed area

     
     

   • Fast-growing logistics market supported by domestic consumption growth

   • Limited supply of modern logistics facilities

     Japan

   • 89% in Tokyo and Osaka

   • 57m sq ft total area

   • 50m sq ft completed

   • 7m sq ft development pipeline

   • Demand outstripping supply

   • 22 consecutive quarters of positive net absorption

     
     

     • Well-established logistics industry

     • Scarcity of modern logistics facilities

       
       

       
       

       Brazil

       • 91% in São Paulo and Rio de Janeiro

       • 39m sq ft total area

         Development Starts	FY16 Target (100%)	FY16 Target (GLP Share)	% of Total Portfolio
         China	US$1.7bn	US$840m	20%
         Japan	US$980m	US$480m	12%
         Brazil	US$250m	US$90m	16%
         Total	US$2.9bn	US$1.4bn	16%

       • 28m sq ft completed

       • 11m sq ft 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

   
   

   3

   
   

   GLP Business Model

   
   

   
   

   
   

   • US$34 billion fund management platform

   • FY16 Fund fee run-rate: US$150 million1

   • Enhances GLP's returns by 300-500 bps1

     
     

   • FY16 development completions:

     ~US$900 million (GLP share)

   • Value creation margin: ~25%

     FUND MANAGEMENT

     GLP partners with world class investors to grow its network. Its fund management platform provides superior risk-adjusted returns while enabling GLP to grow faster.

     
     

     GLP'S NETWORK EFFECT

     DEVELOPMENT

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

     
     

     
     

   • Group lease ratio: 93%

   • Customer retention ratio: ~70%

   • Domestic consumption: ~90% of overall portfolio

OPERATIONS

GLP owns and manages modern logistics facilities. Its operations segment forms the foundation of its business model.

Note:

1. Potential recurring fees and performance fees based on the AUM and fee structure of GLP's existing development funds. Performance fees assume all requisite triggers are satisfied and not discounted.

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