May 2016
GLP - Leading Global Provider of Modern Logistics FacilitiesGLP'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 FootprintChina
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:
Based on GLP's completed portfolio in the respective countries as of 31 March 2016
3
FY16 HighlightsFY16 Earnings up 48%, driven by higher asset values in China, development completion gains in Japan and GLP's US entry
OPERATIONSLeading 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%
DEVELOPMENTCreating 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 MANAGEMENTScalable 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:
In SGD per ordinary share basis
Excludes impact of new US segment for comparability purposes 4
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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