Mapletree Logistics TrustProposed Acquisition of Two Modern Logistics Properties in India

17 March 2021

Plot No.5, Chakan MIDC Area Phase – II,

Village Khalumbre, Taluka Khed,

District Pune (“Chakan MIDC”)

Plot No. P-12, Talegaon Floriculture and

Industrial Park, MIDC Talegaon, Village

Navlakh Umbre, Taluka Maval, District

Pune (“Talegaon MIDC”)

Description 4 blocks, single-storey

ambient warehouse

2 blocks, single-storey

ambient warehouse

Agreed

Property Value

(INR million)

4,050 500

Valuation4

(INR million)4,179 548

NLA 74,161 13,095

Remaining

Land Tenure3 88 years 86 years

Occupancy 100% 88%

Overview of the Proposed Acquisition

1

Weighted Average

Lease Expiry by revenue

(“WALE”)

2.2 years3

Net Lettable Area

(“NLA”)

87,256 sq m

Purchase Consideration

INR 4,550 million

(S$84.2 million1)

Net Property

Income (“NPI”) Yield

7.4%

Occupancy

98.2%2

Notes:

1) Based on exchange rate of INR54.05 = S$1

2) Weighted by NLA.

3) As at 3 March 2021.

4) Based on independent valuations conducted by Savills Property Services (India) Pvt. Ltd. as at 2 March 2021. The Valuer has valued the Properties based on the

discounted cash flow method and income capitalisation method.

Chakan MIDC

Talegaon MIDC

Investment Rationale

2

Entry into India, an attractive logistics market

Increasing urbanisation coupled with a growing middle class is expected to support rising consumption levels

which drives demand for modern logistics space

E-commerce growth, accelerated by the COVID-19 pandemic, provides new source of demand for high quality

warehousing facilities in prime locations

India is a beneficiary of the “China Plus” supply chain diversification strategy adopted by manufacturers

Supply of Grade A logistics space in India remains low, thus supporting occupancy1

Strategic locations in key logistics hub with excellent connectivity

Pune is an important warehousing centre in India with demand driven largely by e-commerce, third-party

logistics as well as manufacturing

Properties are located within the Pune Metropolitan Region, an established zone for high-tech engineering and

automobile industries, with strong growth in industrial activities

Well connected to major cities and transportation infrastructure such as the Mumbai Metropolitan Region, Pune

city centre, Pune Airport and Jawaharlal Nehru Port, via the Mumbai-Pune Expressway

Notes:

1. Knight Frank, “India Warehousing Market Report 2020”.

Investment Rationale

3

Quality logistics facilities

Purpose-built with modern logistics specifications, including height clearance of 8.5m to 9m and floor loading of

6 tonnes/psm to 8 tonnes/psm

Leased to mostly multinational corporations such as Kawasaki and Hyundai with WALE of 2.2 years and built-in

annual escalations

Acquisition is expected to be accretive with NPI yield of 7.4%

Acquisition will be funded by debt and is expected to be completed by the second calendar quarter of 2021,

subject to fulfilment of the relevant conditions precedent

Upon completion, MLT’s aggregate leverage ratio is projected to be approximately 40.1%1

Notes:

1. Based on MLT’s financials as at 31 December 2020 and also taking into account the proposed acquisition of Mapletree Logistics Hub –Tanjung Pelepas announced on 19 October 2020 and the proposed acquisition of

interests in a portfolio of five logistics properties in South Korea announced on 15 February 2021, with both acquisitions pending completion.

Mumbai

Pune

Ahmedabad

New

Delhi

Kolkata

Hyderabad

Bengaluru Chennai

INDIA

Strategic Location with Excellent Connectivity

4

TalegaonChakan

Pune City

Centre

Pune

Airport

Chinchwad

Railway

Station

Mumbai-Pune

Expressway

Mumbai

City

Centre

Jawaharlal

Nehru

Port

Pune

Proposed Pune Ring

Road

Distance to major cities and transportation infrastructure

Talegaon Chakan

Jawaharlal Nehru Port 80km 91km

Mumbai-Pune Expressway 30km 40km

Mumbai City Centre 90km 100km

Pune City Centre 35km 30km

Pune Airport 33km 26km

Chinchwad Railway Station 20.5km 15km

5

Impact on Portfolio

7.3%

3.4% 3.4%

2.1%2.0%

1.8%1.4% 1.4% 1.4% 1.4%

7.2%

3.4% 3.3%

2.1% 1.9%1.8%

1.4% 1.4% 1.4% 1.4%

CWT Coles Group Equinix JD.com, Inc. Cainiao Woolworths adidas Hong Kong

Limited

TE Logis Co., Ltd. XPO Worldwide

Logistics

Nippon Access

Group

Existing Portfolio Enlarged Portfolio

Top 10 Customer Profile (by Gross Revenue)

6

Note 1:

Existing Portfolio is based on a portfolio of 156 properties as at 31 December 2020 and also taking into account the proposed acquisitions of Mapletree Logistics Hub – Tanjung Pelepas and the interests in five logistics assets in South

Korea as announced on 19 October 2020 and 15 February 2021, respectively, which are both pending completion.

1

30.6%

19.4%12.7%

10.7%

8.3%

7.4%

6.9%

2.9% 1.1%

24.4%

24.0%

16.3%

11.1%

8.3%

7.5%5.9%

1.7%0.8%

30.9%

19.6%12.9%

10.9%

8.4%

7.4%

7.0%2.9%

Geographical Diversification

7

China

Hong Kong SAR

Singapore

Japan

Australia

Malaysia

Vietnam

Ass

et

un

der

Man

ag

em

en

t b

y

Geo

gra

ph

y

(As

at

31

Dec 2

02

0)

Gro

ss R

even

ue

by G

eo

gra

ph

y

(3Q

FY

20

/21

)

Existing

Portfolio

Enlarged

Portfolio1

Existing

Portfolio Enlarged

Portfolio

1

24.6%

24.2%

16.4%

11.2%

8.3%

7.6%6.0%

1.7%

Note 1:

Existing Portfolio is based on a portfolio of 156 properties as at 31 December 2020 and also taking into account the proposed acquisitions of Mapletree Logistics Hub – Tanjung Pelepas and the interests in five logistics assets in South

Korea as announced on 19 October 2020 and 15 February 2021, respectively, which are both pending completion.

India

New

market

South Korea

Lease Expiry Profile (by NLA)

8

Weighted average lease expiry (by NLA) remains at 3.7 years

Existing Portfolio1

Enlarged Portfolio

Single-User Assets Multi-Tenanted Buildings

Note 1:

Existing Portfolio is based on a portfolio of 156 properties as at 31 December 2020 and also taking into account the proposed acquisitions of Mapletree Logistics Hub – Tanjung Pelepas and the interests in five logistics assets in South

Korea as announced on 19 October 2020 and 15 February 2021, respectively, which are both pending completion.

2.6%6.9%

2.5% 2.9%

13.1%5.9%

23.5% 17.0%

10.6%4.0%

11.0%

FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 >FY24/25

5.9% 26.1% 23.9% 13.1% 6.9% 24.1%

2.5%6.9%

2.4% 2.9%

13.0%

5.8%

23.4%17.3%

10.8%4.0%

11.0%

FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 >FY24/25

5.8% 25.9% 24.2% 13.2% 6.9% 24.0%

Remaining Years to Expiry of Underlying Land Lease

(by NLA)

9

5.3%

11.0%

17.9%

30.0%

7.8%7.1%

20.9%

5.2%

10.9%

17.6%

29.6%

7.8% 8.3%

20.6%

0 - 20 yrs 21 - 30 yrs 31 - 40 yrs 41 - 50 yrs 51 - 60 yrs > 60 yrs (excluding

freehold land)

Freehold

Existing Portfolio Enlarged Portfollio

Weighted average lease term to expiry of underlying leasehold land (excluding freehold land) is 44.1 years

1

Note 1:

Existing Portfolio is based on a portfolio of 156 properties as at 31 December 2020 and also taking into account the proposed acquisitions of Mapletree Logistics Hub – Tanjung Pelepas and the interests in five logistics assets in South

Korea as announced on 19 October 2020 and 15 February 2021, respectively, which are both pending completion.

Disclaimer

10

This presentation is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in Mapletree Logistics Trust

(“MLT”, and units in MLT, “Units”), nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.

The value of Units and the income derived from them may fall as well as rise. 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 SGX-ST. Listing of the Units

on the SGX-ST does not guarantee a liquid market for the Units. The past performance of the Units and Mapletree Logistics Trust Management Ltd. (the “Manager”) is

not indicative of the future performance of MLT and the Manager. Predictions, projections or forecasts of the economy or economic trends of the markets which are

targeted by MLT are not necessarily indicative of the future or likely performance of MLT.

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 a number of risks, uncertainties and assumptions. Representative examples of these

factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar

developments, shifts in expected levels of property rental income, changes in operating expenses, including employee wages, benefits and training, property expenses

and governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are

cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events. In addition, any

discrepancies in the tables, graphs and charts between the listed amounts and totals thereof are due to rounding. Figures shown as totals in tables, graphs and charts

may not be an arithmetic aggregation of the figures that precede them.