Hong Kong April 7, 2016
GLP - Leading Global Provider of Modern Logistics FacilitiesGLP's US$34 billion1
NAV breakdown3
property portfolio encompasses 50 million
sqm (538 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$7 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:
As of 31 December 2015
As of 31 March 2016 2
Pro-forma NAV assuming GLP's 10% equity stake in GLP US Income Partners II
GLP Global FootprintChina
Presence in 38 cities
25.4m sqm total area
13.6m sqm completed
11.8m sqm development pipeline
12.6m sqm land reserves
United States of America
Presence in 37 key markets
16.1m sqm 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
5.3m sqm total area
4.6m sqm completed
0.7m sqm 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
3.6m sqm 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%
2.6m sqm completed
1.0m 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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GLP Business ModelUS$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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Global Logistic Properties Limited issued this content on 06 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 April 2016 09:33:05 UTC
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