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London Investor Meetings June 20-21, 2013 Disclaimer The - PowerPoint PPT Presentation

London Investor Meetings June 20-21, 2013 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


  1. London Investor Meetings June 20-21, 2013

  2. 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 all material information concerning 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 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 “experts”, “plans”, “will”, “estimates”, “projects”, or words of similar meaning. Such forward-looking statements do not guarantee future performance and actual results may differ 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 cirumstances. No assurance can be given that future events will occur, that projections will be achieved, or that the Company’s assumptions are correct. 2

  3. GLP Park Linjiang China 01. Company Overview GLP Park Pavuna GLP Tosu I GLP Park Hongqiao (West) 01. Company Overview Brazil Japan China 02. Market 03. Platform 04. Results Overview 05. Appendix

  4. About Global Logistic Properties  GLP is the leading provider of modern logistics facilities in China, NAV Breakdown Japan and Brazil China 53%  Our US$16.2 billion property portfolio comprises 21 million sqm (216 million sq ft) across 62 cities, forming an efficient logistics network serving 700 customers. Domestic demand is a key driver of demand for GLP Brazil 6%  GLP is a SGX listed company with market capitalization of Net cash S$13.3 1 billion; GIC is the largest single investor in GLP in Japan Singapore 30% 11% GLP Park Suzhou GLP Park Colgate & Elog GLP Park Tokyo China Brazil Japan Note: (1) As of May 31, 2013 4

  5. FY2013: A Year of Transformation  Accelerated development activities in China, LEADER IN THE WORLD’S Japan and Brazil - FY2013: Development starts up 62% year-on- THREE BEST MARKETS year to 2.7 million sqm, exceeding target - FY2014: Target development starts of 3.2 million sqm OUTSTANDING GROWTH  Successful listing of GLP J- REIT, Japan’s largest OPPORTUNITIES real estate IPO 1  Established leading position in Brazil BEST-IN-CLASS FUND MANAGEMENT  Fund management AUM more than tripled to PLATFORM US$8.4 billion  Strengthened balance sheet with low leverage - FINANCIAL STABILITY Net debt to assets of 8.2% AND FLEXIBILITY  FY2013 PATMI increased by 27% Note: 5 1. In US Dollar terms.

  6. Leading Provider of Modern Logistics Facilities in the Best Markets GLP’s Global Footprint China  Presence in 33 cities  15.0mm sqm of GFA (1)(2)  7.6mm sqm of completed GFA (1) Brazil  7.4mm sqm of development pipeline (3)  Presence in 22 cities  10.5mm sqm of land reserves (4)  1.8 mm sqm of GFA (1)(2)  1.0mm sqm of completed GFA (1)  0.8mm sqm of development pipeline (3) Japan  Presence in 7 cities  4.0mm sqm of GFA (1)(2)  3.6mm sqm of completed GFA (1)  0.4mm sqm of development pipeline (3) Notes: 1. 100% basis as of Mar 31, 2013 and exclude GFA attributable to the BLOGIS acquisition 2. Include GFA for completed and stabilised properties, completed and pre-stabilised properties, other facilities, properties under development or being repositioned, and land held for future development but exclude land reserves 3. Buildable GFA 4. Land reserves are not recognized on the balance sheet and there is a possibility that it may not convert into land bank 6 5. Any discrepancies between individual amounts and total is due to rounding

  7. Proven Track Record of Delivering Growth GFA of Completed Properties (1) (mm sqm) Portfolio Growth of GLP 12.2 FY04 – FY13 GFA CAGR: 58% 1.0 10.0 0.5 6.8 7.6 6.0 6.4 5.4 4.0 3.8 3.2 2.6 2.3 1.4 1.3 0.8 3.6 3.6 0.6 0.3 2.8 2.8 2.8 2.4 0.2 0.1 1.6 0.2 1.0 0.5 FY08 FY09 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 Japan China Brazil 2008 – 2010 FY10 – FY13 2002-2004 2005-2007     Key Milestones GLP founding partners Jeff Established network in 18 major Selected as the exclusive distribution Established presence in regions accounting for over 2/3 of China’s GDP Schwartz and Ming Mei logistics hubs in China center provider for the Beijing 2008 established presence in China Olympic Games   Expanded into Osaka, Sendai and Named Best Industrial Developer in China (6 th and Japan  Fukuoka markets in Japan Japan AUM exceeds JPY 500 billion consecutive year) and Asia in 2012  Presence in five key markets in (US$5.3 billion) Euromoney Awards  Named best developer in China China and Japan – Suzhou,   by Euromoney for the first time Listed on the Main Board of Singapore Established market-leading presence in Shanghai, Guangzhou, Tokyo and Stock Exchange on 18 Oct 2010 in the Brazil Nagoya largest real estate IPO ever globally  Listed GLP J- REIT, Japan’s largest real estate IPO 7 (1) Completed properties only on a 100% basis

  8. Unrivalled Network in China, Japan and Brazil  Significant barriers to entry  Benefiting from the increased economies of scale China (1) Japan (2) Brazil (3) (mm sqm) (mm sqm) (mm sqm) 5.7 GLP Stake: 90 – 95% GLP Stake: 19.9% GLP Stake: 53.1% 3.6 2.4 2.0 Includes development pipeline of 0.8mm sqm 0.8 1.2 1.1 0.9 0.7 0.8 0.7 0.6 0.6 0.6 0.4 0.5 0.5 0.4 0.5 0.4 0.4 1.2 0.3 0.3 0.3 0.2 0.1 JLF LIM GLP Properties Hines MRV Log GWI Real Prologis GLP Blogis Mapletree Goodman Prologis ACL CBRE RE Yupei Vailog GLP Prologis Daiwa House Nomura RE Goodman Orix Mapletree SG Realty CCP / Estate BR Source: Company websites, various news sources, CBRE estimates based on available information (1) As of March 31, 2013; GFA of GLP includes completed GFA for modern logistics facilities and GFA of ACL, Yupei and Vailog in which GLP holds a stake. Excludes industrial and other properties of 1.9mm sqm (2) As of March 31, 2013 8 (3) GLA basis, includes industrial properties; any discrepancies between individual amounts and total is due to rounding

  9. Fund Management Platform Poised for Growth  4Q FY2013 fund management fees of US$12 million  Comprising asset and property management fees of US$9 million and property development fees of US$3 million Assets Under Management (US$bn) (1) Fund Management Platform $8.4 Committed $2.4 $2.4 Investment Vintage Sep 2011 Dec 2011 Nov 2012 Nov 2012 Jan 2013 GLP Japan GLP Japan GLP Brazil GLP Brazil Fund Name Development Income Income Development GLP J-REIT Venture Partners I Partners I Partners I $2.4 Completed Asset US$2.2bn US$1.4bn US$1.4bn US$1.0bn US$2.4bn Value (2) Invested Joint Venture CIC, CPPIB $6.0 CPPIB CIC & CBRE CPPIB & GIC Public $1.4 Capital Partners & GIC Total Equity US$1.1bn US$600m US$600m US$800m US$1.2bn Commitment $2.2 GLP Co-investment 50.0% 33.3% 34.2% 41.3% 15.0% Japan Devt Japan Income Brazil J-REIT Total AUM Investment Mandate Opportunistic Value-add Value-add Opportunistic Core Venture Partners I Income/Devt Partners I Notes: 1. Assets under management based on completed asset value; does not factor in potential value creation. 2. Completed asset value for investment properties denominated in currencies other than USD are translated based on the exchange rate on Mar 31, 2013. 9

  10. Low Leverage and Significant Cash on Hand Group Financial Position As at As at Change (US$ million) Mar 31, 2013 Mar 31, 2012 % Total assets 13,248 13,580 (2.4) Total equity 9,047 8,308 8.9 Cash 1,957 1,616 21.1 Total loans and borrowings 2,882 4,175 (31.0) Net debt 925 2,559 (63.9) Weighted average interest cost 1 2.7% 2.7% - Leverage Ratios as of Mar 31, 2013 Debt Ratios for the period ended Mar 31, 2013 • EBITDA 3 : US$510.9m • Interest 4 : US$91.0m 2 2 Notes: 1. Includes amortisation of transaction costs for bonds and loans. 2. Assets excludes cash balances as at Mar 31, 2013. 3. EBITDA defined as earnings before net interest expense, income tax, amortisation and depreciation, excluding revaluation. 4. Gross interest before deductions of capitalised interest and interest income. 10

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