Investor Presentation August 2018 Important Notice This - PowerPoint PPT Presentation

Investor Presentation August 2018

Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust’s (“MIT”) financial results for First Quarter Financial Year 2018/2019 in the SGXNET announcement dated 24 July 2018. This presentation is for information only and does not constitute an offer or solicitation of an offer to sell or invitation to subscribe for or acquire any units in Mapletree Industrial Trust (“Units”) . The past performance of the Units and MIT is not indicative of the future performance of MIT or Mapletree Industrial Trust Management Ltd. (the “Manager”) . The value of Units and the income from them may rise or fall. Units are not obligations of, deposits in or guaranteed by the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that unitholders may only deal in their Units through trading on the Singapore Exchange Securities Trading Limited (“SGX - ST”) . Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. This presentation may also contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions. Representative examples of these factors include general industry and economic conditions, interest rate trends, cost of capital, occupancy rate, construction and development risks, changes in operating expenses (including employees wages, benefits and training costs), governmental and public policy changes and the continued availability of financing. You are cautioned not to place undue reliance on these forward-looking statements, which are based on current view of management on future events. Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your own independent professional advisors. 2

Contents Overview of Mapletree Industrial Trust 1 2 Portfolio Highlights 3 1QFY18/19 Financial Performance 4 Outlook and Strategy 3

OVERVIEW OF MAPLETREE INDUSTRIAL TRUST Hi-Tech Buildings, build-to-suit project for HP

Overview of Mapletree Industrial Trust Mapletree Investments Pte Ltd Public & Inst MIPL (“MIPL”) Unitholders Sponsor 67.2% 32.8% Owns 32.8% of MIT Trustee Focused on (i) industrial real estate assets in Singapore, excluding Manager Investment properties primarily used for logistics mandate purposes and (ii) data centres Property MIT Portfolio worldwide beyond Singapore Manager Light Industrial Buildings 100 properties valued at S$4.4 billion Stack-up/Ramp-up 1.7% Portfolio Buildings Hi-Tech 18.2 million 2 sq ft NLA 10.6% Buildings 39.0% Mapletree Industrial Trust Business Park Buildings Management Ltd. Manager 12.9% 100% owned by the Sponsor Portfolio Value 1 S$4.4 billion Mapletree Facilities Services Property Pte. Ltd. Flatted Manager Factories 100% owned by the Sponsor 35.8% DBS Trustee Limited Trustee Based on MIT’s book value of investment properties and investment properties under Portfolio value by geography 1 development as well as MIT’s 40% interest of the joint venture with MIPL in a portfolio of 14 Singapore 90.5% data centres in the United States as at 30 Jun 2018. 2 Excludes the parking decks (150 Carnegie Way and 171 Carnegie Way) at 180 Peachtree, United States 9.5% Atlanta. 5

Sustainable and Growing Returns DPU Distributable Income (cents) (S$ million) 70 3.20 3.00 2.88 2.95 3.00 2.73 2.79 2.82 2.81 2.85 2.83 2.83 2.88 2.92 2.60 2.67 2.65 2.80 60 55.5 56.9 2.16 2.22 2.26 2.29 2.32 2.37 2.43 2.47 2.51 2.51 2.51 45.4 46.0 46.7 48.2 48.9 50.3 50.4 51.5 50.6 51.1 51.8 52.9 54.0 53.5 2.40 50 1.93 1.98 2.05 35.2 35.8 36.9 37.5 37.7 38.9 40.2 41.1 42.2 42.6 42.8 2.00 40 1.52 1.60 31.6 28.3 29.0 30 1.20 22.3 20 0.80 10 0.40 0 0.00 3Q¹ 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 Distributable Income (S$ million) DPU (cents) 1 MIT was listed on 21 Oct 2010. 6

Healthy Returns since IPO COMPARATIVE TRADING PERFORMANCE SINCE IPO¹ 250 MIT UNIT PRICE +112.9% 200 FTSE ST REITS INDEX 150 +18.4% 100 FTSE STRAITS TIMES INDEX +0.7% 50 0 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Rebased MIT Unit Price Rebased FTSE Straits Times Index Rebased FTSE ST REITS Index MIT’s Return on Capital Distribution Total Investment Appreciation Yield Return 197.6% 4 Listing on 21 Oct 2010 to 21 Aug 2018 112.9%² 84.7%³ ¹ Rebased MIT’s issue price of S$0.93 and opening unit prices of FTSE ST REITs Index and FTSE Straits Times Index on 21 Oct 2010 to 100. Source: Bloomberg. ² Based on MIT’s closing unit price of S$1.980 on 21 Aug 2018. MIT’s distribution yield is based on DPU of S$0.787 over the issue price of S$0.93. ³ 7 ⁴ Sum of distributions and capital appreciation for the period over the issue price of S$0.93. .

100 Properties Across 5 Property Segments FLATTED FACTORIES STACK-UP/RAMP-UP BUILDINGS High-rise multi-tenanted industrial buildings with basic common facilities used for light Stacked-up factory space with vehicular manufacturing activities . access to upper floors. Multi-tenanted space suitable for manufacturing and assembly activities. HI-TECH BUILDINGS LIGHT INDUSTRIAL BUILDINGS High specification industrial buildings with higher office content for tenants in technology Multi-storey developments usually and knowledge-intensive sectors, including occupied by an anchor tenant for light data centres. Usually fitted with air- manufacturing activities. conditioned lift lobbies and common areas. BUSINESS PARK BUILDINGS High-rise multi-tenanted buildings in specially designated “Business Park zones”. Serve as regional headquarters for MNCs as well as spaces for R&D and knowledge-intensive enterprises. 8

86 Properties in Singapore Total WALE Weighted Average Unexpired Occupancy (By GRI) 1 Lease Term of Underlying Land 2 Rate 2 NLA 15.9m sq ft 3.5 years 38.1 years 87.8% Hi-Tech Buildings Flatted Factories Business Park Buildings Stack-up/Ramp-up Buildings Light Industrial Buildings 1 Refers to the Singapore Portfolio’s weighted average lease to expiry (“WALE”) by gross rental income (“GRI”) as at 30 Jun 2018. 9 2 As at 30 Jun 2018.

14 Data Centres Across 9 States in United States 1 Total WALE Weighted Average Unexpired Occupancy NLA 2 (By GRI) 3 Rate 5 Lease Term of Underlying Land Freehold 4 2.3m sq ft 5.8 years 97.4% CALIFORNIA 1 7337 Trade Street, San Diego GEORGIA 2 180 Peachtree, Atlanta 3 1001 Windward Concourse, Alpharetta 2775 Northwoods Parkway, 4 Atlanta MICHIGAN 5 19675 W Ten Mile Road, Southfield NEW JERSEY 6 2 Christie Heights, Leonia TEXAS NORTH CAROLINA 11 1221 Coit Road, Plano 7 1805 Center Park Drive, 12 3300 Essex Drive, Charlotte Richardson 8 5150 McCrimmon Parkway, 13 5000 Bowen, Arlington Morrisville WISCONSIN PENNSYLVANIA 14 N15W24250 Riverwood 9 2000 Kubach Road, Philadelphia Drive, Pewaukee TENNESSEE 1 Acquired through a 40:60 joint venture with MIPL. 10 402 Franklin Road, Brentwood 2 Excluded the parking decks (150 Carnegie Way and 171 Carnegie Way) at 180 Peachtree, Atlanta. Refer to the US Portfolio’s WALE by GRI as at 30 Jun 2018. 3 4 All properties are sited on freehold land, except for the parking deck (150 Carnegie Way) at 180 Peachtree, Atlanta. As at 30 Jun 2018, the parking deck has a remaining land 10 lease tenure of approximately 37.6 years, with an option to renew for an additional 40 years. 5 As at 30 Jun 2018.

Portfolio Growth since IPO S$4.42 S$4.32 3 As Asset En Enhanceme ment billion 3 billion Initia Ini iativ ives (“AEI”) FY18/19 FY17/18 S$3.75 4 Ac Acquisi isition ions billion S$3.56 4 Bu Buil ild-to to- Suit (“BTS”) S$3.42 FY16/17 billion Projec jects billion FY15/16 S$3.17 FY14/15 billion S$2.88 FY13/14 billion S$2.70 billion FY12/13 Jun 2017 Jun 2018 FY11/12 Completed Acquired S$2.20 1 BTS 7 Tai Seng billion project Drive for FY10/11 Jul 2013 May 2014 for HP upgrading Completed Acquired Light S$226 million S$95 million AEI at Industrial Woodlands Dec 2017 Building at Jul 2018 Central Acquired Changi North Completed S$30 million 14 data Jul 2011 S$14 million BTS data centres in Acquired Flatted centre Jan 2015 United States² Factories Oct 2013 S$76 million Completed US$750 million from JTC Completed BTS data S$400 million BTS project for Feb 2018 centre for Kulicke & Soffa Completed Equinix S$50 million the AEI at S$108 million 30A Kallang Place Jan 2014 S$77 million Completed AEI at Toa Payoh North 1 S$40 million FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 1 Valuation of investment properties on 31 Mar at end of each financial year. 2 Acquired through a 40:60 joint venture with MIPL. Based on MIT’s book value of investment properties and investment properties under development as well as MIT’s 40% interest of the joint venture with MIPL in a portfolio of 3 11 14 data centres in the United States as at 30 Jun 2018.

PORTFOLIO HIGHLIGHTS Flatted Factory, Toa Payoh North 2