August 2016
GLP - Leading Global Provider of Modern Logistics FacilitiesGLP's US$38 billion1
NAV breakdown3
property portfolio encompasses 52 million
sqm (560 million sq ft) of logistics facilities across China, Japan, US and Brazil
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 Corporate
3%
China 56%
Japan
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
Brazil 6%
US 6%
29%
GLP Park Suzhou
China
GLP Park Tokyo Japan
GLP San Francisco Bay Area California, USA
GLP Park Colgate & Elog
Brazil
Note:
As of 30 June 2016
As of 31 July 2016 2
Pro-forma NAV assuming GLP's 10% equity stake in GLP US Income Partners II
China
Presence in 38 cities
27.0m sqm total area
15.2m sqm completed
11.8m sqm development pipeline
11.9m sqm land reserves
United States of America
Presence in 32 key markets
16.0m sqm total and completed area
Fast-growing logistics market supported by domestic consumption growth
Limited supply of modern logistics facilities
Japan
90% in Tokyo and Osaka
5.7m sqm total area
4.6m sqm completed
1.1m sqm development pipeline
Demand outstripping supply
5 consecutive years of positive net absorption
Well-established logistics industry
Scarcity of modern logistics facilities
Brazil
90% in São Paulo and Rio de Janeiro
3.6m sqm total area
Development Completions
FY17 Target (100%)
FY17 Target (GLP Share)
% of Portfolio1
China
US$1.2bn
US$590m
12%
Japan
US$265m
US$200m
3%
Brazil
US$50m
US$20m
3%
Total
US$1.5bn
US$800m
8%
2.5m sqm completed
1.1m sqm development pipeline
Companies shifting from owning warehouses to leasing amid continued efforts to improve supply chain efficiency
Note:
Based on GLP's completed portfolio in the respective countries as of 30 June 2016
3
1Q FY17 Highlights1Q FY17 earnings (PATMI) of US$203 million
- Group core earnings1 up 7%, led by solid operational performance and continued fund management growth
Continued Operational Momentum Customer-Driven Development Growing Fund Management PlatformLease ratio: 91%, down 1% qoq
Same-property net operating income up 7.9%
Customer retention ratio: 71%
Development profit : US$65 million (GLP share)
Development profit margin: 30%
Met 32% of FY17E target of US$200 million2
Strong capital discipline - development decisions driven by demand
Fund management fees: US$42 million3, up 17%
Continued expansion of fund management platform in US and Japan
Uncalled capital of US$12 billion will generate additional fund management fees
Note:
Core earnings includes revaluation changes related to development profit (recurring part of GLP's earnings stream) and NOI growth. To enable comparability, core earnings adjusts non-recurring 4
items such as revaluation changes related to cap rate and discount rate adjustments, foreign exchange gains/losses and gains/losses from dispositions. Please refer to page 11 of the 1Q FY17
supplemental for further information
Based on FY17 expected completions of approximately US$800 million (GLP share) and 25% target development profit margin
Asset and development fees earned from approximately US$25 billion of invested capital
Global Logistic Properties Limited published this content on 16 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2016 10:30:04 UTC.
Original documenthttp://phx.corporate-ir.net/external.file?t=2&item=o8hHt16027g9XhJTr8+weNRYaV9bFc2rMd0Q/AXw4zsEt+LHEJJXQ/GWVARktJWf04THSIRXtx48BLp7uD60eXuu7/hesev5iTQWt6v9aURtrnXgXF19g91OEXB++Ut0p0LkfH+9ZokoaXCDjZwA0w==&cb=636069391578815564
Public permalinkhttp://www.publicnow.com/view/07AEC7CB165B29F0359275DD2EBB3F445C85059C