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  • GLP Company Overview March 2016

  • 2

    GLP Leading Global Provider of Modern Logistics Facilities

    GLP Park Colgate & Elog Brazil

    GLP Park Suzhou China

    GLP Park Tokyo Japan

    NAV breakdown3

    San Francisco Bay Area California, USA

    China 59%

    Japan 23%

    Brazil 5%

    USA 7%

    Corporate 6%

    GLPs US$34 billion1 property portfolio encompasses 50 million sqm (538 million sq ft) of logistics facilities across China, Japan, Brazil and USA

    GLPs 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$6 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

    Note: 1. As of 31 December 2015 2. As of 29 February 2016 3. Pro-forma NAV assuming GLPs 10% equity stake in GLP US Income Partners II

    GLP Park Tokyo Japan

  • 3

    GLP Global Footprint

    China Presence in 38 cities 25.4m sqm total area

    13.6m sqm completed 11.8m sqm development pipeline

    12.6m sqm land reserves

    Japan 89% in Tokyo and Osaka 5.3m sqm total area 4.6m sqm completed 0.7m sqm development pipeline

    Development Starts

    FY16 Target (100%)

    FY16 Target (GLP Share)

    % of Total Portfolio

    China US$1.7bn US$840m 20%

    Japan US$980m US$480m 12%

    Brazil US$250m US$90m 16%

    Total US$2.9bn US$1.4bn 16%

    Brazil 91% in So Paulo and Rio de Janeiro 3.6m sqm total area 2.6m sqm completed 1.0m sqm development pipeline

    United States of America Presence in 37 key markets 16.1m sqm total and completed

    area

    Fast-growing logistics market supported by domestic consumption growth

    Limited supply of modern logistics facilities

    Well-established logistics industry Scarcity of modern logistics

    facilities

    Domestic consumption drives demand for modern logistics facilities

    Companies shifting from owning warehouses to leasing amid continued efforts to improve supply chain efficiency

    Demand outstripping supply 22 consecutive quarters of

    positive net absorption

  • 4

    GLP Business Model

    FUND MANAGEMENT GLP partners with world class investors to grow its network. Its fund management platform provides superior risk-adjusted returns while enabling GLP to grow faster.

    DEVELOPMENT GLP builds to meet market demand and serve customers needs. It generates significant value through development.

    OPERATIONS GLP owns and manages modern logistics facilities. Its operations segment forms the foundation of its business model.

    GLP

    S N

    ETW

    OR

    K E

    FFEC

    T

    US$34 billion fund management platform FY16 Fund fee run-rate: US$150 million1

    Enhances GLPs returns by 300500 bps1

    FY16 development completions: ~US$900 million (GLP share)

    Value creation margin: ~25%

    Group lease ratio: 93% Customer retention ratio: ~70% Domestic consumption: ~90% of

    overall portfolio

    Note: 1. Potential recurring fees and performance fees based on the AUM and fee structure of GLPs existing development funds. Performance fees assume all requisite triggers are satisfied and not discounted.

  • 2.7

    0.7 0.6 0.6 0.5 0.5 0.4 0.4 0.3 0.3 G

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    1.6 1.5 1.3 1.1 0.9 0.8 0.8 0.6 0.6

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    Based on completed area for modern logistics for lease as of January 2016; non-logistics properties are excluded Source: Company websites, public filings, various news sources and CBRE estimates

    5

    Operations: Dominant Market Positions

    GLPs unrivaled network enables customers to seamlessly expand their distribution capabilities and reach consumers more efficiently

    Japan Brazil (m sqm) (m sqm)

    China (m sqm)

    GLP

    Sta

    ke:

    19.9

    %

    United States (m sq ft)

    Diversified Earnings Network Effect Economies of Scale

  • 6

    JD.com is one of Chinas largest e-commerce companies, with a market share of 49% in China B2C market1. It is one of GLPs largest customers, comprising 4.5% of total leased area in China. Timely and reliable fulfillment is critical to success for online retailers. JD.com leverages GLPs national network to expand on demand in strategic locations across China. In FY15, JD.com increased its leased area with GLP 4-fold.

    JD.com has expanded with GLP at a cumulative annual rate of 115%.

    Network Effect Generating Powerful Results

    Flexible Expansion with GLP GLPs Network Effect GLP's rapid development cycle and operational expertise have provided significant scale and scope. GLP is able to generate a "Network Effect", leveraging its size and scale to grow with its customers and serving them in multiple locations. The fund management platform allows GLP to scale up expansion even faster, enhancing its Network Effect.

    Good Visibility on Future Demand

    ~70% of new leases with existing customers

    Multi-location customers account for

    ~40% of leased area

    Retain ~70% of customers Note: 1. iResearch

    27,000 sqm; 1 city

    62,000 sqm; 4 cities

    89,000 sqm; 4 cities

    481,000 sqm; 13 cities

    FY12 FY13 FY14 Latest

  • $500 $500

    $1,100

    $500 $900 $100

    $150

    $250

    $200

    $200 $600 $650

    $1,350

    $700

    $1,100

    FY12 FY13 FY14 FY15 FY16EDevelopment Cost Revaluation Gain

    Note: 1. Estimated value creation margin going forward

    7

    Development: Track Record

    Value Creation Track Record US$ millions (GLP share)

    33% 24% 36% 25%1 23%

    Value Creation Margin

    Development Value Creation

    US$186m YTD FY16

    Value Creation Margin

    27% YTD FY16

    Development Starts

    FY16 Target (100%)

    FY16 Target (GLP Share)

    % Met (100%)

    China US$1.7bn US$840m 63%

    Japan US$980m US$480m 54%

    Brazil US$250m US$90m 6%

    Total US$2.9bn US$1.4bn 55%

    Development Completions

    FY16 Target (100%)

    FY16 Target (GLP Share)

    % Met (100%)

    China US$1.1bn US$480m 40%

    Japan US$720m US$350m 93%

    Brazil US$140m US$50m 131%

    Total US$2.0bn US$880m 66%

    FY16 Development Starts & Completions Targets

  • 8

    Fund Management Platform Delivers Superior Risk-Adjusted Returns

    Fund Management Platform Case Study

    Expanding Network, Increasing Returns

    GLPs fund management platform with leading, global long term investors provides reliable and sustainable third-party capital while increasing its market share and returns through recurring fees and performance fees.

    Note: 1. Average GLP stake in its fund management platform

    Total Development Opportunity

    More than 2x Bigger

    Direct Investment Model (GLP Share: 100%)

    Fund Management Model (GLP Share: 30%1)

    300-500 bps

    Higher

    Direct Investment Model (GLP Share: 100%)

    Fund Management Model (GLP Share: 30%1)

    Total Development Opportunity

    Development Gains

    Development Gains

    Recurring Fees & Performance Fees

  • Invested US$22.4bn

    66%

    Uncalled US$11.7bn

    34%

    US$2.6bn

    US$8.4bn

    US$11.1bn

    US$20bn

    US$34bn

    Note: 1. Potential recurring fees and performance fees based on the AUM and fee structure of GLPs existing fund platform. Performance fees assume all requisite triggers are satisfied

    9

    GLPs Fund Management Platform

    AUM1 Growth FY12Latest CAGR: 90%

    FY13

    Listed GLP J-REIT Entered Brazil market Fund fees: US$34m

    FY14

    Launched CLF I Fund fees: US$68m

    FY12

    Established fund management platform in Japan

    FY15

    US market entry Fund fees: US$108m

    Latest

    Launched CLF II and GLP US Income Partners II

    Established US$2bn JDV II Expected FY16 fund fees: US$150m1

    3Q FY16 Fund fees rose 19% yoy to US$37 million US$26 million of asset & property management fees, US$11 million of development and acquisition fees

    Expected FY16 Fund Fees: US$150 million

    Breakdown of Investment Type AUM: US$34bn

  • 10

    GLP Executive Committee

  • GLP Park Beilun China

    1. Market Overview

    1. Market Overview 2. Appendix

  • 26 56 128 263 498

    774 1,300

    1,850

    2,789

    3,877

    5,320

    6,653

    7,785

    0

    1,000

    2,000

    3,000

    4,000

    5,000

    6,000

    7,000

    8,000

    12

    China: Domestic Consumption is the Key Demand Driver

    Chinas expanding middle class is driving unprecedented growth in e-commerce activity and retail chain store sales. The weight of domestic consumption is increasing rapidly relative to total GDP and the movement of consumer goods related to this activity has created accelerating demand for modern logistics space

    Source: Strong and Steady, 2011 Asia s Retail and Consumption Outlook by PWC

    5% 10%

    65%

    India China US

    Huge room to grow

    Chain Store Sales as % of Total Retail

    12-year CAGR: 61%

    Online Retail Sales Growth in China is Accelerating

    Source: iResearch Consulting Group; Ministry of Commerce

    Domestic Consumption as % of Total GDP

    48.2%

    51.2% 58.0%

    67.0%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    2003

    2004

    2005

    2006

    2007

    2008

    2009

    2010

    2011

    2012

    2013

    2014

    2015

    F20

    20F

    2030

    F

    China Japan USA Germany

    Source: World Bank, Bureau of National Statistics

  • 21

    120

    600

    Major Providers Modern LogisticsFacilities

    Total Market Supply ofLogistics Facilities

    Note: 1. From CAWS report covering 11 leading national logistics developers 2. Includes facilities provided by major international and national developers, small and midsize developers, state-owned enterprises, and facilities owned for self-use 13

    China: GLP Leading the Modernization Wave in Logistics Facilities

    The supply of modern logistics buildings in China is limited. With its strategic relationships and development track record, GLP is well positioned to continue being the leading developer in the market

    Current Supply of Logistics Facilities in the US is ~13 times that of China

    Source: National Bureau of Statistics (NBS), China Association of Warehouses and Storage, Prologis, CoStar, US Census Bureau, CBRE, Q3 2015

    Modern Logistics Facilities1 Account for 20% of Total Supply; Market is Fragmented

    Warehouse stock: total area (sqm) per capita (million sqm)

    1

    2

    0.4

    5.5

    0.00

    1.00

    2.00

    3.00

    4.00

    5.00

    6.00

    China US

    13x

    Source: Internal Research, Nov 2015

  • Modern Logistics Facilities

    3%

    14

    Japan: Modern Economy with Outdated Logistics Infrastructure

    Modernizing an outdated stock of existing warehouses is the opportunity in Japan. As the largest owner and developer in the market, GLP is well positioned to continue modernizing and consolidating the warehouse property market in Japan

    Modern Logistics Facilities in Japan are Scarce

    Source: CBRE. Represents facilities with Area 10,000 sqm

    Others 97%

    Outsourcing and E-commerce Trends Driving Demand for Modern Logistics Facilities

    JAPAN E-COMMERCE SALES

    +270% FY2006 - FY2015

    JAPAN 3PL MARKET

    +125% FY2006 - FY2015

  • Note: 1. Full Year GDP Projection for 2015

    15

    Brazil: Economic Headlines are Masking the Opportunity

    Brazils explosive economic growth has slowed, but favorable trends persist for owners of modern warehouses. Companies continue to shift towards leasing, rather that owning, their warehouses. The current economic challenges are creating interesting opportunities for GLPs fund management business

    Brazil: 689mm sq ft

    20%

    Source: CBRE Source: IBGE

    Current Supply of Logistics Facilities in the US is ~15 times that of Brazil

    Warehouse stock: total area sq ft per capita

    Modern Logistics Facilities Account for ~20% of Supply

    Modern Logistics Facilities: ~140mm sq ft

    Net Absorption in So Paulo Remains Strong

    Source: CBRE

    2.7%

    1.0%

    2.7%

    0.1%

    -2.8%1

    -4.0%

    -3.0%

    -2.0%

    -1.0%

    0.0%

    1.0%

    2.0%

    3.0%

    4.0%

    0

    200

    400

    600

    800

    1,000

    1,200

    1,400

    2011 2012 2013 2014 1H2015GLA GDP

    000 sq ft

    3.2

    54.9

    Brazil United States

    15x

    http://www.littleexplorers.com/southamerica/brazil/flag/Flagbig.GIF

  • 16

    United States: Favorable Market Dynamics Expected to Continue

    Trade, output and employment levels are all growing, generating rising demand for industrial real estate, highlighted by 5 consecutive years of positive absorption. Despite the unprecedented growth, the room for e-commerce opportunities remains vast. Supply remains well-below historical levels: the supply level in 2015 satisfied less than two-thirds of demand

    Source: CBRE-EA

    Strong Demand Outpacing Supply Significant Growth in E-Commerce Activity

    142 145 169

    199

    229

    260

    297

    0

    50

    100

    150

    200

    250

    300

    350

    2008 2009 2010 2011 2012 2013 2014

    Annual E-Commerce Retail Sales ($ billions)

    Source: US Census Bureau

    7-year CAGR: 13%

    -2.0%

    -1.5%

    -1.0%

    -0.5%

    0.0%

    0.5%

    1.0%

    1.5%

    2.0%

    2.5%

    % o

    f Tot

    al S

    tock

    CompletionsNet Absorption

  • GLP Soja Japan

    1. Market Overview 2. Appendix

    2. Appendix

  • 18

    GLPs Business Strategy and Reputation

    GLP named Best Industrial / Warehouse Developer in China, Japan, Brazil, Latin America and Asia in the Euromoney Real Estate Survey 2015. This is the ninth consecutive year that GLP has won at the Euromoney Awards.

    To establish long-term cooperative relationships with customers by providing high quality logistics facilities and services within a strong network-based platform

    To hold a leading position in each entered market

    In 2013, GLP Misato III became the first LEED Platinum certified logistics facility in Japan. Three GLP development projects in Japan also received LEED Gold pre-certifications in 2014.

    Largest Real Estate Fund Manager Headquartered in Asia and 4th Largest in

    the World

    2015 PERE 50 Ranking

    Global Deal of the Year and North America Deal of the Year for US Entry

    acquisition

    Asia Capital Raise of the Year for US$2.5bn China consortium agreement

    GLP Brazil recognized as Latin American Firm of the Year

    Global PERE Awards 2014

  • 19

    Strong Customer Base

    Best Logistics Deppon Nippon Express DHL Hitachi And more

    JD.com Walmart Vipshop Watsons ASKUL And more

    High Quality Facilities and

    Service

    Customers

    Adidas Samsung Procter & Gamble BMW Renown And More

    First-Class Team

    Comprehensive Network

    3PLs Retailers / E-commerce Manufacturers

    More than 4,000 high-profile customers worldwide

  • 20

    Recognition from Customers

    Considering SIP GLP Suzhou Parks strategic location, convenient transportation network, international investment environment, pro-business service, Adidas trusted GLP Park Suzhou to develop 60,000sqm Built-To-Suit warehouse, the largest single warehouse in China, which indubitably improved our logistics efficiency and customer service standards greatly. Lily Xie, Logistics Director, Adidas

    Relying on GLP does not only mean relying on its logistics warehouse experience and high-quality facilities, but also means relying on its effective strategic insight on building both a national and international network. With GLP, we are able to meet both the high-standards of pharmaceutical logistics, and the distribution needs of the fast-paced growth of the pharmaceutical industry.

    Guo Junyu, General Manager, Shanghai Pharmaceutical Holdings Ltd.

    After choosing GLP, our delivery distribution has become highly efficient and smooth, our delivery efficiency has also been enhanced greatly. GM of Wal-Mart Shenzhen DC, Hu Shaobo

    In addition to realizing liquidity from the assets, we hope to construct, through the partnership with GLP, a flexible strategy of logistics bases that accommodates the rapid changes in the logistics environment today.

    Masakazu Kamibayashi Director, Panasonic Logistics Co., Ltd.

    The use of Amazon Chengdus operation center has largely decreased the delivery time needed to reach markets in the west (of China). GLP has provided full support and perfect service to our operation centers, allowing our customers to now receive their goods 1-3 days faster than before.

    Wang Han Hua , Director, Amazon.cn

    Because we were able to secure a large space in a single floor, the work efficiency has improved drastically. Given the frequent earthquakes in this country, the anti-seismic structure was also an important factor in selecting GLPs facility.

    Nobuyuki Usui General Manager, SCM Department, Imaging Company

  • 21

    Environmental, Social and Governance

    As the leading global provider of modern logistics facilities, GLP has made a long-term commitment to local communities

    Since 2006, GLP has funded 13 Hope Schools, of which 11 have been completed. Over 6,000 students benefit from this program. The Company is now introducing the Hope School Program in Brazil

    GLP also continues to develop and manage sustainable and environment-friendly logistics facilities with features that caters to customers various needs

    In 2015, GLP Japan Development Venture, GLP Japan Income Partners I and GLP J-REIT received a Green Star rating in the 2015 GRESB Survey for its efforts for improving sustainability performance, the highest in four available categories. It also launched a project in 2013 to install solar panels on the rooftops of 22 properties in Japan, with a plan to introduce this to its parks in China

    GLP HOPE SCHOOL

    13 Schools SOLAR PANELS

    22 Properties

    LEED/CASBEE A BUILDINGS

    7 Buildings

    GRESB GREEN STAR

    3 Funds

  • Pro-forma information as of 31 December 2015 Note: 1. Tranche 1 of 21.3% completed on 6 June 2014. Tranche 2 of 12.5% completed on 24

    September 2014

    2. 66% is under contract as of November 2015, with additional investors expected to join in 2016. GLP expects to retain a stake of less than 10%

    22

    GLP Group Structure

    CLF II

    56%

    56%

    CLF I

    40%

    China Consortium Includes China Life Insurance, China Development

    Bank, Bank of China Group Investment, China Post, HOPU Funds and others

    ~34%1

    GLP AUM: US$34.4bn

    ~66%

    China AUM: US$11.5bn

    JDV I

    34%

    J-REIT

    Japan Income Partners I

    100% Owned

    15%

    100%

    Japan AUM: US$8.2bn

    100%

    Brazil Development

    Partners I

    Brazil Income Partners II

    34%

    40%

    Brazil AUM: US$1.8bn

    100% owned

    China JVs ~58%

    Brazil Income Partners I

    100%

    100%

    USA AUM: US$12.9bn

    100%

    US Income Partners I

    10%

    US Income Partners II

  • GLP Fund Management Platform

    Note: 1. AUM based on cost for in-progress developments (does not factor in potential value creation) and latest appraised values for completed assets 2. 66% is under contract as of November 2015, with additional investors expected to join in 2016. GLP expects to retain a stake of less than 10% 23

    GLP provides its institutional investment partners a range of country specific funds with return targets ranging from core to opportunistic

    Fund Name Vintage Type Assets under Management1 Investment To-Date Joint Venture Partners

    Total Equity Commitment

    GLP Co-Investment

    CH

    INA CLF I Nov 2013 Opportunistic US$3.0bn US$1.6bn Various US$1.5bn 55.9%

    CLF II Jul 2015 Opportunistic US$7.0bn US$0.0bn Various US$3.7bn 56.4%

    Total China US$10.0bn US$1.6bn US$5.2bn 56.3%

    JAPA

    N

    GLP Japan Development Venture I Sep 2011 Opportunistic US$2.4bn US$1.5bn CPPIB US$1.1bn 50.0%

    GLP Japan Income Partners I Dec 2011 Core US$1.0bn US$1.0bn CIC, CBRE US$400m 33.3%

    GLP J-REIT Dec 2012 Core US$3.5bn US$3.5bn Public US$1.6bn 15.0%

    GLP Japan Development Venture II Feb 2016 Opportunistic US$2.0bn US$100m CPPIB US$900m 50.0%

    Total Japan US$8.9bn US$6.1bn US$4.0bn 34.4%

    BR

    AZIL

    GLP Brazil Development Partners I Nov 2012 Opportunistic US$900m US$500m CPPIB, GIC US$600m 40.0%

    GLP Brazil Income Partners I Nov 2012 Value-add US$700m US$700m CIC, CPPIB, GIC US$400m 34.2%

    GLP Brazil Income Partners II Oct 2014 Value-add US$700m US$600m CPPIB & Other Investor US$500m 40.0%

    Total Brazil US$2.3bn US$1.8bn US$1.5bn 38.2%

    US

    GLP US Income Partners I Feb 2015 Core US$8.2bn US$8.2bn GIC, CPPIB & Others US$3.2bn 10.4%

    GLP US Income Partners II Nov 2015 Core US$4.7bn US$4.7bn China Life & Others US$2.0bn

  • Note: 1. US Pro-rata area and valuation for USIP I and USIP II portfolio are on 10.4% and 100% basis respectively 24

    GLP Total Portfolio

    Our China portfolio includes land reserves of 12.6 million sqm in addition to the above

    Total Area (sqm

    million)

    Pro-rata Area (sqm

    million)

    Total valuation (US$m)

    Pro-rata valuation (US$m)

    Pro-rata valuation %

    change (vs Sep 15)

    Total Area (sqm

    million)

    Pro-rata Area (sqm

    million)

    Total valuation (US$m)

    Pro-rata valuation (US$m)

    Pro-rata valuation %

    change (vs Sep 15)

    Completed and stabilized 10.8 5.7 7,534 3,949 5% 4.2 1.7 7,297 3,108 1%

    Completed and pre-stabilized 2.0 0.7 970 380 11% 0.4 0.2 631 315 49%

    Other facilities 0.8 0.3 214 78 11% - - - - N.M.

    Properties under development or being repositioned 5.7 2.7 1,475 669 0% 0.7 0.5 318 240 51%

    Land held for future development 6.1 2.7 1,298 568 4% - - - - N.M.

    25.4 12.2 11,492 5,643 5% 5.3 2.5 8,245 3,663 6%

    Completed and stabilized 2.4 0.9 1,460 542 8% 14.4 5.8 11,574 4,938 23%

    Completed and pre-stabilized 0.2 0.1 151 56 -2% 1.7 0.7 1,282 570 6%

    Properties under development or being repositioned 0.2 0.1 78 29 -23% - - - - N.M.

    Land held for future development 0.8 0.3 86 32 -3% - - - - N.M.

    3.6 1.3 1,775 659 5% 16.1 6.5 12,856 5,508 21%

    Total GLP portfolio 50.3 22.5 34,368 15,473 10%

    China Portfolio Japan Portfolio

    US PortfolioBrazil Portfolio

    As at Dec 31, 2015

  • 25

    Proven Track Record of Delivering Growth

    2002-2004 2005-2007 20082010 FY11FY14 FY15 FY16

    Key Milestones

    GLP founding partners Jeff Schwartz and Ming Mei established presence in China and Japan

    Presence in five key markets in China and Japan Suzhou, Shanghai, Guangzhou, Tokyo and Nagoya

    Established network in 18 major logistics hubs in China

    Expanded into Osaka, Sendai and Fukuoka markets in Japan

    Named best developer in China by Euromoney for the first time

    Selected as the exclusive distribution center provider for the Beijing 2008 Olympic Games

    Japan AUM exceeds JPY 500 billion (US$5.3 billion)

    Listed on the Main Board of Singapore Stock Exchange on 18 Oct 2010 in the largest real estate IPO ever globally

    Listed GLP J-REIT, Japans largest real estate IPO

    Launched CLF I, worlds largest China-focused real estate fund

    Established a market leading presence in Brazil

    Completed a US$2.5 billion landmark agreement with Chinese SOEs and leading financial institutions

    Entered US market with US$8.2 billion GLP US Income Partners I

    Fund management platform grows to US$34 billion following CLF II, GLP US Income Partners II and Japan Development Venture II

    GLP commenced development of GLP Nagareyama, its largest development project in Japan (US$490 million)

    GLP Completed Area (m sqm)

    GLP Portfolio Growth

    FY04 Latest CAGR: 56%

    1.0 1.6 2.4 2.8 2.8 2.8 3.6 3.6 3.9 4.0 4.6 0.3 0.8

    1.4 2.6 3.2 4.0

    6.4 7.6 9.5

    11.8 13.6 1.0

    1.4 2.4

    2.6

    10.7

    16.1

    0.2 0.6 1.3 2.4

    3.8 5.4 6.0

    6.8

    10.0 12.2

    14.8

    28.9

    36.9

    FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Latest

    Japan China Brazil US

  • (US$ million) As atDec 31, 2015As at

    Mar 31, 2015Change

    %

    Total assets 19,576 17,462 12.1

    Cash 1,137 1,446 (21.4)

    Total loans and borrowings 4,489 2,848 57.6

    Net debt 3,352 1,402 139.1

    Weighted average interest cost 3.0% 3.4% (0.4)

    Weighted average debt maturity (years) 4.9 3.8 28.9

    Fixed rate debt as % of total debt 64% 63% 1.0

    Group Financial Position

    26

    Low Leverage & Significant Cash on Hand

    EBITDA: US$393.9m

    Interest: US$59.5m

    Leverage Ratios as of December 31, 2015 Debt Ratios for the period ended December 31, 2015

    Note: 1. The financial information above excludes loans and results of GLP US Income Partners II 2. Total assets less liabilities classified as held for sale of GLP US Income Partners II. Pro-forma net debt to assets is 9.4% assuming GLPs equity stake in GLP US Income Partners II is syndicated

    down to 10%

    6.4x 6.6x

    Net Debt / EBITDA EBITDA / Interest2 2

    2

    22.9%18.2%

    Total Debt to Assets Net Debt to Assets

  • GLP Tianjin Pujia China

    Ambika Goel, CFA SVP - Capital Markets and Investor Relations Tel: +65 6643 6372 Email: [email protected]

    Investor Relations Contact

    GLP Company OverviewGLP Leading Global Provider of Modern Logistics FacilitiesGLP Global FootprintGLP Business ModelOperations: Dominant Market PositionsSlide Number 6Development: Track RecordFund Management Platform Delivers Superior Risk-Adjusted ReturnsGLPs Fund Management PlatformGLP Executive Committee1. Market OverviewChina: Domestic Consumption is the Key Demand DriverChina: GLP Leading the Modernization Wave in Logistics FacilitiesJapan: Modern Economy with Outdated Logistics InfrastructureBrazil: Economic Headlines are Masking the OpportunityUnited States: Favorable Market Dynamics Expected to Continue2. AppendixGLPs Business Strategy and ReputationStrong Customer BaseRecognition from CustomersEnvironmental, Social and GovernanceGLP Group StructureGLP Fund Management PlatformGLP Total PortfolioProven Track Record of Delivering GrowthLow Leverage & Significant Cash on HandAmbika Goel, CFASVP - Capital Markets and Investor RelationsTel: +65 6643 6372Email: [email protected]