PowerPoint Presentation Investor and Analyst Meetings

May 2016

GLP - Leading Global Provider of Modern Logistics Facilities
  • GLP's US$36 billion1

    NAV breakdown3

    property portfolio encompasses 52 million

    sqm (559 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 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%

Brazil 5%

China 57%

Japan 25%

US 7%

GLP Park Suzhou

China

GLP Park Tokyo Japan

San Francisco Bay Area California, USA

GLP Park Colgate & Elog

Brazil

Note:

1. As of 31 March 2016

2. As of 19 May 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

  • 26.7m sqm total area

  • 14.9m sqm completed

  • 11.7m sqm development pipeline

  • 12.1m 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

  • 89% in Tokyo and Osaka

  • 5.6m sqm total area

  • 4.5m sqm completed

  • 1.1m sqm development pipeline

  • Demand outstripping supply

  • 22 consecutive quarters of positive net absorption

    • Well-established logistics industry

    • Scarcity of modern logistics facilities

      Brazil

      • 89% 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$1.2m

        12%

        Japan

        US$672m

        US$265m

        3%

        Brazil

        US$183m

        US$50m

        3%

        Total

        US$2.1bn

        US$1.5bn

        8%

      • 2.5m sqm completed

      • 1.1m 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

Note:

  1. Based on GLP's completed portfolio in the respective countries as of 31 March 2016

    3

    FY16 Highlights
    • FY16 Earnings up 48%, driven by higher asset values in China, development completion gains in Japan and GLP's US entry

      OPERATIONS

      Leading Developer, Owner

      & Manager of Modern Logistics Facilities

    • Proposed Dividend of 6.0 SGD cents per ordinary share, up 9%1 from last year

      • Operational Momentum Continues with Solid Customer Demand

        • Group lease ratio: 92%

        • FY16 Same-property net operating income up 6.9%

          DEVELOPMENT

          Creating Value

        • FY16 New and renewal leases of 9.8 million sqm, up 23%2

      • GLP Develops to Meet Customer Demand

        • FY16: US$255 million value creation from development completions (3% of NAV)

        • FY17 Target Starts: US$2.1 billion (10% of portfolio3)

          FUND MANAGEMENT

          Scalable Platform; Recurring Fees

        • FY17 Target Completions: US$1.5 billion (8% of portfolio3)

      • Accelerated Growth in Fund Management Platform

        • FY16 Fund management fees of US$150 million, up 38%

        • 66% of second US portfolio syndicated, GLP expects to fully syndicate the rest of the US$4.7 billion portfolio soon and retain a stake of less than 10%

Note:

  1. In SGD per ordinary share basis

  2. Excludes impact of new US segment for comparability purposes 4

  3. Based on GLP's completed portfolio in China, Japan and Brazil as of 31 March 2016

Global Logistic Properties Limited published this content on 23 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2016 10:03:05 UTC.

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