Global Logistic Properties Annual General Meeting 2014 17 July 2014 - PowerPoint PPT Presentation

Global Logistic Properties Annual General Meeting 2014 17 July 2014

Disclaimer The information contained in this presentation (the “Information”) is provided by Global Logistic Properties Limited (the “Company”) to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain, and you may not rely on this presentation as providing, all material information concerning the condition (financial or other), earnings, business affairs, business prospects, properties or results of operations of the Company or its subsidiaries. Please refer to our unaudited financial statements for a complete report of our financial performance and position. None of the Company or any of their members, directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) from any use of this presentation or its contents or otherwise arising in connection therewith. This presentation contains statements that constitute forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company with respect to the consolidated results of operations and financial condition, and future events and plans, of the Company. These statements can be recognised by the use of words such as “believes”, “expects”, “anticipates”, “intends”, “plans”, “foresees”, “will”, “estimates”, “projects”, or words of similar meaning. Similarly, statements that describe the Company’s objectives, plans or goals also are forward-looking statements. All such forward-looking statements do not guarantee future performance and actual results may differ materially from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of the management of the Company on future events. The Company does not undertake to revise forward-looking statements to reflect future events or circumstances. No assurance can be given that future events will occur, that projections will be achieved, or that the Company’s assumptions are correct. By accepting and/or viewing the Information, you agree to be bound by the foregoing limitations. 2

GLP Lingang China 01. Raising the Bar GLP Imigrantes GLP Park Tosu GLP Park Hunan Brazil Japan China 01. Raising the Bar 02. The Next Level 03. In Summary

FY2014: Financial & Operational Highlights FUND REVENUE EARNINGS MANAGEMENT NET DEBT TO AUM 1 1 ASSETS +20% +31% +32% 8.9% US$598.3 mil US$685 mil US$11.1 bil NEW AND SHARE OF LAND RESERVE EXPANSION LEASING FROM IN CHINA CASH LEASES EXISTING +22% $1.5 bil CUSTOMERS +74% 56% 12.8 mil sqm 3.0 mil sqm 1 After adjustments for the sale of assets to GLP J-REIT and FX-related effects 4

China Consortium Agreement Drives Increased Growth Opportunities  Land supply increasingly constrained amid new land reforms in China Access to  Strategic Partners strengthen GLP’s land acquisition capability to Strategic Land accelerate future growth  Partnering with leading Chinese institutions to optimize their supply Increased chains amid government push to increase efficiency & competitiveness Leasing  Requirements getting larger; having a portfolio to accommodate growth Demand will be key to winning and retaining customers  Stronger local presence to solidify GLP’s role as top logistics solution Strengthened provider in China Network &  Enlarged network effect and one-stop solutions to drive value for Brand customers while increasing stickinesss Target 30-40% annual growth in China development expenditure for the next 3-5 years 5

Proven Track Record of Delivering Growth GFA of Completed Properties (mm sqm). 14.8 Portfolio Growth of GLP 1.4 12.2 FY04 – FY14 CAGR: 54% 1.0 10.0 0.5 9.5 6.8 7.6 6.0 6.4 5.4 3.8 4.0 3.2 2.6 2.3 1.4 1.3 3.9 3.6 3.6 0.6 2.8 2.8 2.8 0.2 2.4 1.6 1.0 0.5 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Japan China Brazil GLP Park Suzhou GLP Park Colgate & Elog GLP Park Tokyo China Brazil Japan 6

Unrivalled Network in China, Japan and Brazil  With the largest network of modern logistics facilities in China, Japan and Brazil, GLP is well- positioned to leverage the ‘Network Effect’ to serve our customers where they need to be China Japan Brazil (mm sqm) (mm sqm) (mm sqm) 7.6 GLP Stake: 90-95% GLP Stake: 19.9% GLP Stake: 53.1% 3.9 2.6 2.3 1.8 1 1.1 1.0 0.8 0.7 0.6 0.6 0.5 0.5 0.6 0.8 0.7 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.2 0.1 0.1 0.1 GLP Blogis Goodman Mapletree Prologis ACL e-Shang Yupei Beijing Properties Vailog GLP Hines CCP / Prologis MRV Log BR Properties Sanca GR Properties WT Goodman GLP Prologis Daiwa House JLF LIM Nomura RE Mapletree Orix Mitsubishi Goodman Based on completed area for modern logistics facilities, as of March 31, 2014, and BRP 1 st tranche acquisition as of June 12, 2014. The remaining properties are expected to be acquired in phases, subject to the receipt of required regulatory and third party approvals. 7 Source: Based on completed parks from company websites, various news sources, CBRE estimates based on available information

GLP Soja Japan 02. The Next Level GLP Park Xi’an Hi -Tech GLP Tokyo II GLP Guarulhos 01. Raising the Bar Japan China Brazil 02. The Next Level 03. In Summary

China: Domestic Consumption and Growth of E-Commerce Driving Logistics Needs Online Retail Sales in China Chain Store Sales as % of Total Retail 70% 65% 3,790 4,000 60% 3,119 10-year CAGR: 65% 50% 3,000 Huge room 2,420 to grow 40% 1,850 2,000 30% 1,300 20% 56 128 263 498 774 1,000 10% 5% 10% 26 0 0% 2006 2008 2010 2012 2014E 2016E India China US Source ： Strong and Steady, 2011 Asia ‘s Retail and Consumption Outlook by PWC Source: iResearch Consulting Group; Ministry of Commerce  Capitalizing on China’s fast -evolving retail landscape  China retail sales grew 13.1% in 2013 1 and are forecast to grow by 12.6% in 2014 2  GLP’s modern logistics facilities support the rapid growth of chain stores in China  Online retail sales have increased roughly 70-fold since 2006 (7-year CAGR of 84%) and are expected to further double over the next three years to RMB3.8 trillion (US$610 billion) Notes: 1. National Statistics Bureau of China 2. May 2014 issue of Consensus Forecast 9

Japan: Growth of Outsourcing & E-Commerce Trends Drives Demand for Modern Logistics Facilities Vacancy at Historically Low Levels JAPAN 3PL MARKET 25.0% Greater Tokyo +88% Greater Osaka 20.0% 2005 - 2012 15.0% JAPAN 10.0% E-COMMERCE 4.0% SALES 5.0% +175% 0.0% 0.0% Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 2005 - 2012 Source: CBRE. Refers to vacancy rates for multi-tenant properties in Japan with GFA greater than 33,000 sqm (335,000 sq ft) Greater Tokyo: 66 properties; Greater Osaka: 12 properties  Strong demand from 3PLs and e-commerce companies  Customers increasingly driven by the need to make their distribution networks more efficient  E-commerce market expected to further double over the next five years  Demand continues to outstrip supply – Modern logistics facilities make up 2.8% of total market supply in Japan 10

Brazil: Severe Shortage of Modern Logistics Facilities Creates Significant Opportunities Modern Logistics Facilities Account Logistics Space Per Capita is 1/15th of the US for ~20% of Supply (sqm per capita) Brazil: 5.06 64mm sqm 15x 20% 0.33 Others 97.2% United States Brazil Modern Logistics Facilities: ~13mm sqm Source ： CBRE Source ： CBRE estimates, EIU  Robust domestic consumption drives demand for modern logistics facilities  87% of GLP’s Brazil portfolio leased to domestic consumption related customers  While economic growth has slowed, long-term prospects remain attractive  Outsourcing trend: Companies shifting from owning warehouses to leasing amid continued effort to improve supply chain efficiency 11

GLP Guarulhos Brazil 03. In Summary GLP Park AGV GLP Park Amagasaki GLP Liantang Brazil Japan Brazil 01. Raising the Bar 02. The Next Level 03. In Summary

Powering Ahead into the Future  Targeting US$2.7 billion of LEADER IN THE WORLD’S development starts in China, Japan THREE BEST MARKETS and Brazil in FY2015  US$1.7 billion in China OUTSTANDING GROWTH  Leverage “Network Effect” to serve OPPORTUNITIES customers where they need to be ON-GOING  Continue to grow fund management DEVELOPMENT MOMENTUM platform  Expect fund fees to more than double over the next 3 years FINANCIAL STABILITY AND FLEXIBILITY 13

Thank you GLP Tianjin Pujia China