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 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

• therwise 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.

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01.

Company Overview

• 01. Company Overview
• 02. Market
• 03. Platform
• 04. Results Overview
• 05. Appendix

GLP Tosu I Japan GLP Park Hongqiao (West) China GLP Park Linjiang China GLP Park Pavuna Brazil

• GLP is the leading provider of modern logistics facilities in China,

Japan and Brazil

• 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

• f demand for GLP
• GLP is a SGX listed company with market capitalization of

S$13.31 billion; GIC is the largest single investor in GLP

About Global Logistic Properties

4

GLP Park Colgate & Elog Brazil GLP Park Suzhou China GLP Park Tokyo Japan

Japan 30% China 53% Brazil 6% Net cash in Singapore 11%

NAV Breakdown

Note: (1) As of May 31, 2013

5

 Accelerated development activities in China, Japan and Brazil

• FY2013: Development starts up 62% year-on-

year to 2.7 million sqm, exceeding target

• FY2014: Target development starts of 3.2

million sqm

 Successful listing of GLP J-REIT, Japan’s largest real estate IPO1  Established leading position in Brazil  Fund management AUM more than tripled to US$8.4 billion  Strengthened balance sheet with low leverage

• Net debt to assets of 8.2%

 FY2013 PATMI increased by 27% LEADER IN THE WORLD’S THREE BEST MARKETS OUTSTANDING GROWTH OPPORTUNITIES BEST-IN-CLASS FUND MANAGEMENT PLATFORM FINANCIAL STABILITY AND FLEXIBILITY

Note:

• 1. In US Dollar terms.

FY2013: A Year of Transformation

Leading Provider of Modern Logistics Facilities in the Best Markets

6

GLP’s Global Footprint China

 Presence in 33 cities  15.0mm sqm of GFA(1)(2)  7.6mm sqm of completed GFA(1)  7.4mm sqm of development pipeline(3)  10.5mm sqm of land reserves(4)

Brazil

 Presence in 22 cities  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 5. Any discrepancies between individual amounts and total is due to rounding

FY08 FY09 Japan China Brazil 2002-2004 2005-2007 2008–2010 FY10–FY13 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  Established presence in regions accounting for

• ver 2/3 of China’s GDP

 Named Best Industrial Developer in China (6th consecutive year) and Asia in 2012 Euromoney Awards  Established market-leading presence in Brazil  Listed GLP J-REIT, Japan’s largest real estate IPO

7

Proven Track Record of Delivering Growth

GFA of Completed Properties(1)

(mm sqm) 0.2 0.5 1.0 1.6 2.4 2.8 2.8 2.8 3.6 3.6 0.1 0.3 0.8 1.4 2.6 3.2 4.0 6.4 7.6 1.0 0.2 0.6 1.3 2.3 3.8 5.4 6.0 6.8 10.0 12.2 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13

(1) Completed properties only on a 100% basis

0.5

Portfolio Growth of GLP FY04 – FY13 GFA CAGR: 58%

5.7 0.9 0.8 0.6 0.5 0.3 0.3 0.3 0.2

GLP Blogis Mapletree Goodman Prologis ACL CBRE RE Yupei Vailog

Unrivalled Network in China, Japan and Brazil

2.0 1.2 0.7 0.4 0.4 0.1 1.2 0.8

GLP BR Properties Hines MRV Log GWI Real Estate CCP / Prologis

3.6 2.4 1.1 0.7 0.6 0.6 0.5 0.5 0.4 0.4

GLP Prologis Daiwa House JLF Nomura RE LIM Goodman Orix Mapletree SG Realty

Japan(2) Brazil(3)

(mm sqm) (mm sqm)

 Significant barriers to entry  Benefiting from the increased economies of scale

Includes development pipeline of 0.8mm sqm

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China(1)

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 (3) GLA basis, includes industrial properties; any discrepancies between individual amounts and total is due to rounding

GLP Stake: 19.9% GLP Stake: 53.1% (mm sqm) GLP Stake: 90–95%

$2.2 $1.4 $2.4 $6.0 $2.4 $2.4

Japan Devt Venture Japan Income Partners I Brazil Income/Devt Partners I J-REIT Total AUM

9

Fund Management Platform Poised for Growth

Vintage Sep 2011 Dec 2011 Nov 2012 Nov 2012 Jan 2013 Fund Name GLP Japan Development Venture GLP Japan Income Partners I GLP Brazil Income Partners I GLP Brazil Development Partners I GLP J-REIT Completed Asset Value(2) US$2.2bn US$1.4bn US$1.4bn US$1.0bn US$2.4bn Joint Venture Partners CPPIB CIC & CBRE CIC, CPPIB & GIC CPPIB & GIC Public Total Equity Commitment US$1.1bn US$600m US$600m US$800m US$1.2bn GLP Co-investment 50.0% 33.3% 34.2% 41.3% 15.0% Investment Mandate Opportunistic Value-add Value-add Opportunistic Core Invested Capital Committed Investment

$8.4

• 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

Fund Management Platform Assets Under Management (US$bn)(1)

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.

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Low Leverage and Significant Cash on Hand

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.

Debt Ratios for the period ended Mar 31, 2013

• EBITDA3: US$510.9m
• Interest4: US$91.0m

Leverage Ratios as of Mar 31, 2013

2 2

(US$ million) As at Mar 31, 2013 As at Mar 31, 2012 Change % 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 cost1 2.7% 2.7%

• Group Financial Position

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Unique Investment Proposition with a Focus on the Best Markets

• China & Brazil

domestic consumption growth

Robust Strategy Powerful Platform Attractive Markets

• Limited supply of modern

facilities in China, Japan & Brazil

• Strong capital

structure

• Unrivalled

network in China, Japan & Brazil

• Vast China

land bank

• Experienced

team

• Outsourcing &

e-commerce trends in Japan

• Customer demand driven expansion
• Strong development capabilities with leading

land positions

• Growing fund management platform

• 01. Company Overview
• 02. Market
• 03. Platform
• 04. Results Overview
• 05. Appendix

GLP Tokyo Japan GLP Park Lingang China GLP Yokohama Japan GLP Park Ponto Frio Guarulhos Brazil

02.

Market

Over 75% of China Warehouses Do Not Meet Modern Logistics Requirements & Face Demolition Amid Urbanization

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Current Supply of Logistics Facilities in the US is ~14 times that of China

Source: China Association of Warehouses and Storage; CB Richard Ellis estimates; CIA The World Factbook

Modern Middle Interior Low-end Exterior Characteristics > Wide column spacing > Large floor plates > High ceilings > Modern loading docks,

enhanced safety systems and other value-added features

> Some converted from

factories

> Insufficient clear height and

lack of loading docks

> Lack of office space > Poorly constructed > Restricted vehicle

accessibility

Limited Supply of Modern Logistics Facilities in China Modern Logistics Facilities1 Account for 15-20%

• f Total Supply; Market is Fragmented

Warehouse stock: GFA (sqm) per capita

14x

(million sqm)

100.0 Modern Logistics Facilities1 550.0 Total Market Supply

• f Logistics Facilities

Notes: 1. Includes facilities provided by major international and national developers, small and midsize developers, state-owned enterprises, and facilities for owned for self-use 2. From JLL report covering 11 cities

0.38 5.16 0.00 1.00 2.00 3.00 4.00 5.00 6.00 China United States 13.0 Major Providers2

Domestic Consumption Driving Logistics Needs

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• Retail sales have grown by CAGR of 16.7% in past

8 years1

• China retail sales grew 14.3% in 2012 and are

forecast to grow by 13.9% in 20132

• Urbanization trends boosting consumption
• Urbanization ratio reached 51% in 2011 and is

expected to continue rising to 70% by 2030

• More than 10m people migrate to urban areas

annually1

• Increasing household income per capita

triggering wave of consumption growth

• Coastal area income per capita reached inflexion

point of USD5,000, triggering consumption of automobiles and other durable goods

• Government focused on making domestic

consumption the growth engine of the economy

• The 12th Five-year plan (2011-2015) to increase

reliance on domestic growth

Domestic consumption related 80% Import/ export related 20%

Breakdown of Leased Area in China (Mar 2013)

Notes: 1. National Statistics Bureau of China; China’s 12th Five Year Plan and Jan 2013 Issue of Consensus Forecast 2. May 2013 issue of Consensus Forecast

Rank Name Industry % leased area

1 Amazon* Retailer 5.0% 2 Deppon 3PL 4.3% 3 Nice Talent 3PL 2.3% 4 VANCL* Retailer 2.0% 5 Schenker 3PL 1.8% 6 Toll Warehouse 3PL 1.8% 7 DHL 3PL 1.5% 8 360buy* Retailer 1.5% 9 Sinotrans 3PL 1.5% 10 PGL 3PL 1.2% Total 22.9%

Top 10 Tenants in China (Mar 2013)

* E-Commerce customer

Capitalizing on China’s Fast Evolving Retail Landscape

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

Chain Store Sales as % of Total Retail

5% 10% 65% 0% 10% 20% 30% 40% 50% 60% 70%

India China US

26 56 128 263 498 774 1,300 200 400 600 800 1,000 1,200 1,400 2006 2007 2008 2009 2010 2011 2012 6-year CAGR:92%

2006-2012 Online Retail Sales in China

RMB Bn

Source: iResearch Consulting Group; Ministry of Commerce

Huge room to grow

• GLP’s modern logistic facilities support the rapid growth of chain stores in China
• Accelerating store opening of major chain stores in China; Watsons plans to increase number of stores in China

from over 1,300 at the end of 2012 to 3,000 by 2016

• China’s retail chain market has significant room to grow compared to the U.S.
• E-commerce is a fast growing industry for GLP
• Online retail sales have increased roughly 50-fold since 2006 (6-year CAGR of 92%)
• Online retail volume accounted for 6.2% of the total retail sales in 20121

Notes: 1. iResearch Consulting Group

Limited Supply of Modern Logistics Facilities in Japan

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Modern Logistics Facilities in Japan are Scarce¹ Existing Facilities Not Built to Modern Standards

Source: JLL

• Owned by users
• Small-sized and old facilities
• Fragmented market
• Leased spaces, largely to 3PL
• perators
• Large-sized modern facilities
• Few players of scale

Existing Logistics Facilities Modern Logistics Facilities

Notes:

• 1. Represents facilities with GFA ≥ 10,000 sqm

Various Features of Modern Logistics Facilities

Source: CBRE

Modern Logistic Facilities 2.5% Others 97.5%

5.5 m or more High Ceilings 10,000 sqm or more Large Floor Area Wide Column Spacing Wide Truck Yard Dock Leveler Ramp Ways Elevated Berths 1.5 t/sqm or more High Load Tolerance Elevator with Large Capacity

Growth of Outsourcing & E-Commerce Trends Drives Demand for Modern Logistics Facilities in Japan

17

Source: Ministry of Economy, Trade and Industry “e-Commerce Market Survey” Source: Logi-Biz (Logistics Business, Sep. 2012 issue)

Growth of Japanese Third Party Logistics (“3PL”) Market Market Size of B to C E-Commerce in Japan

1,001 1,124 1,306 1,275 1,272 1,461 1,784 200 400 600 800 1000 1200 1400 1600 1800 2000 2005 2006 2007 2008 2009 2010 2011

(JPY billion)

• Strong demand from 3PL companies for GLP’s

modern logistic facilities

• 3PL companies benefit from the increasing trend of

companies outsourcing their logistics in order to reduce costs and focus on their core business

• 3PL market has grown by 78% in 6 years

3,456 4,391 5,344 6,089 6,696 7,788 8,459 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 2005 2006 2007 2008 2009 2010 2011

• Fast growing e-commerce market represent new

growth industry for GLP

• Internet/mail order service has grown by 145% in 6

years

• Sales of e-commerce business has reached more

than JPY 8 trillion, surpassing the combined sales

• f department stores in 2011

(JPY billion)

Favorable Macro-economic Trends in Brazil

3.2% 3.9% 6.1% 5.2% (0.3%) 7.6% 2.7% 1.0% 2005 2006 2007 2008 2009 2010 2011 2012

Key Growth Drivers Real GDP Growth (%) Real Growth in Domestic Consumption (%)  6th largest economy in the world by GDP  Long term expanding economy  Thriving middle class spurring domestic consumption  Young population to drive future economic growth  Vast natural resources  Low levels of debt  Supportive government measures  Stabilizing inflation

Average: 3.7%

4.5% 3.1% 4.1% 6.9% 4.4% 5.7% 6.1% 5.2% 2005 2006 2007 2008 2009 2010 2011 2012

Average: 5.0% 18

Modern Logistics Facilities Account for ~20% of Supply

Brazil: 64mm sqm

20%

Modern Logistics Facilities: ~13mm sqm

Source: CBRE

80% 20% 20% 80% United States Brazil Owned Leased 1.2 0.8 2.0 1.2 0.7 0.4 0.4 0.1 GLP BR Properties Hines MRV Log GWI Real Estate CCP / Prologis

19

Brazil Logistics Real Estate Market Overview

Fragmented Market Landscape (mm sqm)

Robust development pipeline: Potential to increase presence by ~62%

Key Demand Drivers

• Domestic Consumption
• Avg. 4.8% growth in disposable income since 2005
• Avg. 5% growth in domestic consumption since 2005
• Supply Chain Re-configuration
• Outsourcing trends (20% leased vs 80% leased in US)
• Logistics cost as % of GDP (15.4% vs 8% in US)
• Severely Limited Supply of Modern Logistics Facilities
• Logistics space per capita is 1/16th of the US
• Only 20% of existing stock meet modern logistics

requirements

Supply Chain Re-configuration

(sqm per capita)

Top 3 players comprise just 4% of total 64mm sqm market supply

8.0% 15.4% United States Brazil Logistics Cost as % of GDP Outsourcing to Drive Future Growth Mostly

• bsolete

Logistics Space Per Capita is 1/16th of the US 5.16 0.33 United States Brazil

16x

Source: CIA World Fact Book, CBRE and the World Bank, latest available company filings

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03.

Platform

• 01. Company Overview
• 02. Market
• 03. Platform
• 04. Results Overview
• 05. Appendix

GLP Tokyo II Japan GLP Misato III Japan GLP Park AGV Logistica Brazil GLP Park Xiqing China

Accelerating Growth in China Portfolio

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Our China portfolio includes land reserves(d) of 10.5 million sqm in addition to the above

Total GFA (sqm million) Pro-rata GFA2 (sqm million) Total valuation1 (US$m) Pro-rata valuation1,2 (US$m) Pro-rata valuation % change Total GFA (sqm million) Pro-rata GFA2 (sqm million) Total valuation1 (US$m) Pro-rata valuation1,2 (US$m) China portfolio 15.0 11.7 6,777 5,151 10% 13.8 10.3 6,343 4,698 Completed and stabilised 6.2 4.9 4,125 3,222 6% 6.1 4.7 3,988 3,049 Completed and pre-stabilised 0.7 0.6 432 334 40% 0.4 0.4 335 239 Other facilities3 0.8 0.4 200 106 3% 0.8 0.4 195 103 Properties under development or being repositioned4 3.1 2.6 934 773 11% 3.0 2.5 838 694 Land held for future development5 4.2 3.2 1,087 716 17% 3.5 2.4 988 612 Japan portfolio 4.0 2.2 7,502 4,257

• 37%

4.0 3.3 7,980 6,752 Completed and stabilised 3.6 1.9 7,011 4,011

• 39%

3.6 3.0 7,636 6,580 Completed and pre-stabilised 0.1 0.0 110 55

• Properties under development or being repositioned4

0.4 0.2 381 191 24% 0.4 0.2 309 155 Land held for future development5

• 0.1

0.0 34 17 Brazil portfolio 1.8 0.6 1,930 684 30% 1.8 0.6 1,562 527 Completed and stabilised 1.0 0.4 1,475 511 37% 1.0 0.3 1,155 374 Completed and pre-stabilised 0.0 0.0 14 5 74% 0.0 0.0 8 3 Properties under development or being repositioned4 0.2 0.1 102 38 88% 0.1 0.0 55 20 Land held for future development5 0.6 0.2 339 130 0% 0.7 0.3 345 130 Total GLP portfolio 20.8 14.6 16,209 10,091

• 16%

19.6 14.2 15,885 11,976 As at Mar 31, 2013 As at Dec 31, 2012

Notes: (a) Our Portfolio comprises all assets under management which includes all properties held by subsidiaries, jointly-controlled entities and J-REIT but excludes Blogis. (b) Japan Mar 2013’s completed and stabilised properties include J-REIT-owned properties [GFA 1.3m sqm (Pro-rata: 0.2m sqm), Valuation US$2,398m (Pro-rata: US$360m)] (c) For details to footnotes 1,2,3,4 and 5, please refer to Detailed Notes to Financial Highlights and Portfolio Summary in appendix. (d) Land reserves are not recognized on the balance sheet and there is a possibility that it may not convert into land bank. (f) Valuation as of Dec 31, 2012 for the Brazil portfolio is updated to reflect final values following the post-closing adjustments on completion of the acquisition. (e) Any discrepancy between sum of individual amounts and total is due to rounding.

0.49 1.66 0.50 2.08 2.50

Development Starts (GFA sqm mil)

22

STRONG CORE PORTFOLIO

• 4Q FY2013: 504,000 sqm of GFA
• FY2013: 2,075,000 sqm of GFA (RMB6.0 billion/ US$1.0 billion estimated project cost)
• Up 25% year-on-year and exceeded target of 2 million sqm
• Target for FY2014: 2.5 million sqm (RMB7.5 billion/ US$1.2 billion estimated project cost)

AHEAD OF TARGET DEVELOPMENT STARTS

STRONG CORE PORTFOLIO

• 4Q FY2013: 1,250,000 sqm of GFA
• Beijing, Chongqing, Shanghai and Suzhou represent approx. 75% of land purchases
• FY2013: 4,162,000 sqm of GFA – up 213% year-on-year
• Average land purchase price of RMB 619 per sqm of GFA

ACCELERATED LAND PURCHASES

4QFY12 4QFY13 FY13 FY14 FY12

0.34 1.33 1.25 4.16

Land Acquisitions (GFA sqm mil)

FY13 FY12 4QFY12 4QFY13

Business Highlights for 4Q FY2013

Strong Development Momentum for GLP China

Note:

• 1. Based on GLP overall portfolio in China, including logistics facilities, light industry and container yard; Excluding pre-existing leases in acquired portfolios of Vailog, Shenxi.

23

• Strong leasing trends
• New & expansion leases of 469,000 sqm in 4Q FY2013 – up 46% quarter-on-quarter
• 1.43 million sqm of GFA in FY2013 – higher than developed completions of 1.19 million sqm
• Customers continue to expand with GLP – Existing customers make up 73% of new and expansion leases
• Lease ratio remained stable at 90%
• Domestic consumption related projects maintained lease ratio of 96%
• Average lease ratio for newly completed properties reaches 86% within six months of completion
• Leasing pipeline of over 6 million sqm at various stages of negotiation

277 360 320 469 1QFY13 2QFY13 3QFY13 4QFY13

New and Expansion Leases in FY2013 ('000 sqm)1

Existing Customers 65% New Customers 35%

Composition of New & Expansion Lease Area- FY2013

Business Highlights for 4Q FY2013

Strong Leasing Performance in China

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 Network Effect The scale of GLP’s national network offers customers efficient logistics solutions for their expansion, leading to

faster lease up, strong customer retention and good visibility on future demand

 Deppon is China’s leading integrated logistics provider offering a full range of products including express road shipping, road

freight and air freight

 Deppon’s services are critical in improving e-commerce companies distribution efficiency and service quality  Deppon is GLP’s 2nd largest customer in China, leasing 285,000 sqm or 4.3% of total leased area, across 13 cities

Cumulative Lease (sqm)

+6 mths +6 mths +9 mths +3 mths +6 mths

14,000 16,000 27,000 38,000 Mar, 2010

Qingdao 11,000 sqm 4

Jun, 2010

Dalian 11,000 sqm 5

Dec, 2010

Suzhou 28,000 sqm 6

+8 mths +12 mths +2 mths

7

Aug, 2011

Shanghai 17,000 sqm 8

Aug, 2012

Changzhou 16,000 sqm

99,000

9

Oct, 2012

Shenyang 16,000 sqm

115,000

+3 mths +3 mths

12 Harbin 25,000 sqm 13 Wuhan 68,000 sqm

Mar, 2013 285,000

10 Langfang 53,000 sqm 11 Hefei 24,000 sqm

Jan, 2013 192,000

1 Hangzhou 12,000 sqm

Jun, 2008

Guangzhou 2,000 sqm 2

Dec, 2008

Wuxi 2,000 sqm 3

Jun, 2009 66,000 83,000 Hangzhou, Wuxi, Suzhou, Shanghai, Changzhou 1,3,6,7,8 Langfang 5,9 Shenyang 10 Qingdao Wuhan 13 2 Guangzhou Dalian 12 Harbin 4 11 Hefei

Network Effect Case Study

Deppon: Rapidly Growing Customer

China Portfolio

Robust NAV Growth

25

China Portfolio Mar 31, 2013 Dec 31, 2012 Total valuation1 US$6,777 million US$6,343 million WALE 3.1 years 3.2 years Lease ratios2 90% 89%

• No. of completed properties

431 413 Completed properties (GFA sqm mil) 7.6 7.2 NAV3 US$4,409 million US$4,030 million

Portfolio Snapshot

• 10.5 million sqm GFA of land reserve, providing

a strong pipeline for future developments

• Improving rental rates of 1.07 RMB/sqm/day, an

increase of 4% year-on-year

• NAV3 growth of 27% year-on-year
• Same-store NOI for FY2013, up 7.4% year-on-

year

Lease ratios2 (%) and Rental (RMB/sqm/day)2 China Portfolio (GFA sqm mil)

Notes: 1. Includes properties in our subsidiaries and jointly-controlled entities based on 100% basis 2. Stabilised logistics portfolio; rental includes management fee 3. Reportable segment NAV in IFRS consolidated accounts. Includes Listco debt utilised in

• China. Comparatives have been reclassified on the same basis.

0.99 1.03 1.03 1.05 1.06 1.07 92% 90% 91% 90% 89% 90% 0% 20% 40% 60% 80% 100% 0.70 0.80 0.90 1.00 FY2011 FY2012 1Q FY13 2Q FY13 3Q FY13 4Q FY13

6.3 6.4 6.5 6.9 7.2 7.6 1.8 2.2 2.6 2.6 3.1 3.2 2.3 2.1 2.4 2.6 3.5 4.2 10.4 10.7 11.5 12.0 13.8 15.0 3Q FY12 4Q FY12 1Q FY13 2Q FY13 3Q FY13 4Q FY13 Completed properties Properties under development or being repositioned Land held for future development

26

• New and expansion leased area of 50,000 sqm of GFA
• Expanding new customer relationships
• Demand from 3PLs
• GLP Misato III1 is 65% pre-leased, rents and leasing ahead of expectations
• Completed development of GLP Soja1 (78,000 sqm of GFA)
• First completed development under GLP Japan Development Venture project
• Project running ahead of expectations – currently 51% leased
• Started development of GLP Ayase1 (68,000 sqm of GFA)
• Prime development site in Greater Tokyo
• FY2014: Target development starts of 400,000 sqm (JPY64 billion/ US$670 million estimated

project cost)

Business Highlights for 4Q FY2013

Stable Performance of GLP’s Japan Facilities

Note: 1. Under GLP Japan Development Venture.

2.8 3.6 3.6 3.6 3.6 2.3 1.3 0.2 0.2 0.4 0.4 0.2 0.2 0.3 0.06 3.8 4.0 4.0 4.0 4.0 3Q FY12 4Q FY12 1Q FY13 2Q FY13 3Q FY13 4Q FY13 Completed properties (excld J-REIT prop) Completed properties (J-REIT prop) Properties under development or being repositioned Land held for future development

27

1,077 1,077 1,078 1,080 1,083 1,083 99% 99% 99% 98% 98% 99% 0% 20% 40% 60% 80% 100% 900 950 1,000 1,050 1,100 FY2011 FY2012 1Q FY13 2Q FY13 3Q FY13 4Q FY13

Portfolio Snapshot

• 83% of completed GFA located in Tokyo and Osaka
• Portfolio well leased at 99%2
• Stable rents with high retention rate of 80%
• Long WALE of 5.1 years
• Strong growth in fund management revenue to

US$10.5 million (+80% quarter-on-quarter)

Lease ratios2 (%) and Rental (JPY/sqm/mth)2 Japan Portfolio (GFA sqm mil)

Japan Portfolio Mar 31, 2013 Dec 31, 2012 Total Valuation1 US$7,502 million US$7,980 million WALE 5.1 years 5.2 years Lease ratios2 99% 98%

• No. of completed properties

84 83 Completed properties (GFA sqm mil) 3.6 3.6 NAV3 US$2,545 million US$3,780 million

Notes: 1. Includes properties in our subsidiaries, jointly-controlled entities and J-REIT based on 100% basis. 2. Stabilised logistics portfolio; rental includes management fee. 3. Reportable segment NAV in IFRS consolidated accounts.

Japan Portfolio

Stable Portfolio & Growth in Fund Management Fees

28

• Completed first building at GLP Guarulhos (31,000 sqm of GFA) in São Paulo
• 100% leased to leading global automotive corporation
• GLP Guarulhos will be Brazil’s best master planned logistics park
• Development starts of 101,000 sqm of GFA
• GLP Guarulhos Phase 2, GLP Gravatai Phase 1 and GLP Campinas Phase 2
• FY2014: Target development starts of 310,000 sqm (BRL590 million/ US$290 million

estimated project cost)

Business Highlights for 4Q FY2013

Strong Start for Brazil Development Activities

29

1.0 0.6 0.2

Completed properties Land held for future development Properties under development or being repositioned

Geographical Breakdown by Completed Properties’ GFA

Brazil Portfolio Mar 31, 2013 Total valuation1 US$1,930 million WALE 8.3 years Lease ratios2 98% Rent2 BRL 16.6/sqm/mth

• No. of completed properties

42 Completed properties (GFA mil sqm) 1.0 NAV3 US$500 million

Portfolio Snapshot

• Healthy development pipeline of 0.8 million sqm (vs completed GFA of 1.0 million sqm)
• 98% occupancy of stabilised properties with 100% in GLP Brazil Income Partners I
• Long WALE of 8.3 years

Brazil Portfolio (GFA mil sqm)

São Paulo, 63% Rio de Janeiro, 25% Others, 12%

Notes: 1. Includes properties in our subsidiaries and jointly-controlled entities based on 100% basis. 2. Stabilised portfolio includes industrial properties. Rent presented in GLA sqm. 3. Reportable segment NAV in GLP IFRS consolidated accounts.

Brazil Portfolio

Leading Position in the Market

• 01. Company Overview
• 02. Market
• 03. Platform
• 04. Results Overview
• 05. Appendix

GLP Park Hermes Brazil GLP Park Dianshanhu China GLP Park Tokyo II Japan GLP Mabe Brazil

04.

Results Overview

Total Revenue

Key Financial Highlights

Strong Revenue and Earnings Growth

31

(US$ million)

1

Note: 1. “J-REIT” bar represent the impact arising from 33 properties disposed to J-REIT during 4QFY13. Percentage change compares to FY2012’s financials adjusted for J-REIT‘s impact.

530 J-REIT 566 642

FY2012 FY2013

4Q FY13 4Q FY12 Change

4Q FY12 Proforma

(J-REIT adj)

Change

(vs 4Q FY12 Proforma)

FY2013 FY2012 Change

FY2012 Proforma

(J-REIT adj)

Change

(vs FY2012 Proforma)

Revenue 125 153

• 18%

117 7% 642 566 14% 530 21% EBIT 252 221 14% 182 38% 908 701 30% 662 37%

EBIT ex revaluation 88 119

• 26%

85 4% 484 423 14% 389 24%

PATMI 224 157 43% 117 91% 684 541 27% 501 37%

PATMI ex revaluation 82 69 19% 34 141% 350 314 11% 279 25%

Diluted EPS (in cents) 4.53 3.21 41% N.M. N.M. 13.95 11.53 21% N.M. N.M. Summary of Group Results

32

FY2013 Key Financial Highlights

• PATMI increased by 27% to US$684 million
• China PATMI increased by 28% to US$271 million
• EBIT increased by 30% to US$908 million
• China EBIT grew by 39% to US$431 million
• Revenue increased by 14% to US$642 million
• China Revenue increased by 58% to US$252 million
• Gain in fair value of investment properties amounted to US$310 million and US$115 million

for subsidiaries and jointly-controlled entities (net of tax) respectively.

• Diluted EPS increased by 21% to 13.95 US cents
• NAV breakdown: China 53%, Japan 30%, Brazil 6% and Net Cash in Singapore 11%

33

STRONG CORE PORTFOLIO

• Market-leading positions in China, Japan and Brazil
• 557 properties with total 12.2 million sqm of completed GFA
• High stabilised logistics lease ratios of 90%, 99% & 98% for China, Japan and Brazil respectively
• Land held for future development of 4.8 million sqm of GFA, up 103% from 2.4 million sqm of GFA

year-on-year

• FY2013 development starts of 2.7 million sqm GFA, up 62% year-on-year
• FY2014 target development starts of 3.2 million sqm GFA
• Value creation of US$199 million from development portfolio (including new completions)
• Robust capital structure provides stability and flexibility
• Weighted average debt maturity of 5.2 years, up from 4.0 years in last quarter
• Low leverage: net debt to assets of 8.2%
• Proposed dividend of 4 SGD cents per ordinary share
• US$8.4 billion of assets under management, up from US$2.6 billion year-on-year
• Leveraging GLP’s strong relationships with global institutions and management experience
• US$12 million from fund fees in 4Q FY13, future growth expected from US$2.4 billion of committed

investment STRONG CORE PORTFOLIO SUSTAINABLE DEVELOPMENT PLATFORM BEST-IN-CLASS FUND MANAGEMENT PLATFORM HEALTHY CAPITAL BASE

FY2013 Key Business Highlights

• 01. Company Overview
• 02. Market
• 03. Platform
• 04. Results Overview
• 05. Appendix

05.

Appendix

GLP Amagasaki Japan GLP Park Wuqing China GLP Park Colgate and Elog Brazil GLP Park Suzhou China

35

GLP China Portfolio

Shanghai Beijing Guangzhou Shenzhen Tianjin Suzhou Hangzhou Qingdao Nanjing Chengdu Chongqing Ningbo Dalian Shenyang Offices（20）

Founded: 2003 Headquarters: Shanghai Locations: 33 cities1 Number of GLP parks: 114 Number of completed properties: 565 Completed GFA: 7.6 million sqm

Xi’an Zhuhai

Region # of Cities Completed GFA North 7 1.6 million sqm East 13 4.4 million sqm South 6 0.8 million sqm West 7 0.8 million sqm 33 7.6 million sqm

Hefei Changsha Wuhan

Notes: 1. Other cities that GLP has presence (from north to south): Harbin, Changchun, Langfang, Dezhou, Zhengzhou, Chuzhou, Yangzhou, Changzhou, Jiaxing, Xiamen, Dongguan, Foshan and Zhongshan

Wuxi

China Development Economics

Project Economics Development Profit Sensitivity Item RMB / sqm GFA Land Cost 1,000 Construction Cost 2,000 Total Development Costs 3,000 Gross Revenue 350 Operating Expenses (90) Net Operating Income 260 Development Yield 8.5-9.0% Development Yield 8.5% 9.0% Exit Cap Rate (%) 6.5% 31% 38% 7.0% 21% 29%

Note: The foregoing projections of future project economics, development performance and returns are for illustrative purposes only and no assurances can be made that they will materialize. These projections are based upon estimations and assumptions made by GLP, and are believed to be reasonable based upon currently available information. However, estimations and assumptions of future events are inherently inexact and may require modification as additional information becomes available. Any such modification could be either favorable or unfavorable. It is possible that these projections will prove to be inaccurate because future circumstances do not match the underlying assumptions used by GLP for purposes of the information contained in this presentation.

Target Returns IRR (10 Year) 15-20%

36

3-9 Months

 City / submarket identification  Site selection  Negotiation with government  Customer demand analysis  Bidding process  Project design  Building permitting  Government approvals  Pre-marketing  Construction financing  Contracting  Foundation  Base-building  Substantial completion

6-12 Months* 3-6 Months Various

A typical development takes ~21 months from site acquisition to lease-up  Marketing  Customer relationships  Lease contracts – negotiation and drafting  Tenant fit-out

Project Identification / Acquisition Pre-Development Construction Lease-Up

Tianjin TEDA Park – Completed Tianjin TEDA Park – Pre-Construction

Typical Development Process Timeline

* Typical construction period for single-storey warehouses. Multi-storey warehouses will take about 18 months to be built.

37

Embedded Acquisition Pipeline

Asset Size JPY221.3 billion (US$2.4 billion) LTV Target 45-55% Portfolio 33 modern logistics facilities in Japan, majority in Tokyo and Osaka GFA 1,281,998 sqm Key Dates IPO: 21 Dec 2012 Purchase of Initial Properties: 4 Jan 2013 Purchase of Option Properties: 1 Feb 2013 GLP Stake 15%

GLP J-REIT Overview

Overview Corporate Structure

(1) Originally 38 properties. 3 purchase option properties were acquired on 1 Feb 2013

Right of First Look On 35 properties1 for 10 years 1,496,118 sqm of additional GFA US$3.2 billion as of Mar 31, 2013

38

100%

Sponsor Group J-REIT Asset Manager

15% Asset Management Agreement

Portfolio 6 Development Projects Owned GLA 809,460 sqm Acquisition Price US$464mm Incremental Development Spend US$497mm GLP Share of Incremental Development Spend US$205mm Target LTV 15% Initial Equity US$480mm GLP Share of Initial Equity US$198mm Levered Property IRR(1) 19%, with fees and promote providing further upside Portfolio 34 Stabilized Assets 1 Development Project Owned GLA 1,216,020 sqm Acquisition Price US$1,098mm Incremental Development Spend US$83mm GLP Share of Incremental Development Spend US$28mm LTV 49% Initial Equity US$564mm GLP Share of Initial Equity US$193mm Occupancy Rate(1) 100% Weighted Average Lease Expiry 8.4 Years Levered Property IRR(2) 18%, with fees and promote providing further upside

39

Overview of Brazil Funds

GLP Brazil Income Partners I

(1) Stabilized assets only (2) Post taxes, pre-fees and pre-promote

Ownership (%)

CIC 34.2% GLP 34.2% GIC 20.0% CPP 11.6%

GLP Brazil Development Partners I Ownership (%)

GLP 41.3% GIC 19.1% CPP 39.6%

Diversified Exposure Across Industries

40 Auto & Parts, 3% Electronics/High- tech, 20% FMCG, 41% General Logistics Services, 9% Others, 9% Pharma & Medical Instruments, 5% Retail/Fast Food Chain, 13%

Japan China

Lease profile by End-user Industry1 (by Leased Area2)

E-commerce represents 20% of leased area in China, 11% in Japan and 23% in Brazil

Brazil

Auto & Parts, 4% FMCG, 30% General Logistics Services, 21% Pharma & Medical Instruments, 2% Others, 25% Machinery, 7% Retail/Fast Food Chain 11% Auto & Parts, 10% Electronics/ High-tech, 14% FMCG, 20% General Logistics Services, 22% Machinery, 1% Others, 5% Pharma & Medical Instruments, 3% Retail/Fast Food Chain, 26%

Notes: 1. Include both completed logistics properties and pre-lease for logistics properties under development. 2. As at Mar 31, 2013. 3. Any discrepancy between sum of individual amounts and total is due to rounding.

Well Staggered Lease Expiry Profile

41

11% 13% 16% 14% 46% 24% 20% 15% 10% 30% 7% 4% 2% 3% 83% 19% 17% 14% 10% 40% FY14 FY15 FY16 FY17 Beyond FY18

Japan China Brazil

Lease Expiry Profile (by Leased Area)

Notes:

• 1. Group percentages in italics above the bars.
• 2. Any discrepancy between sum of individual amounts and total is due to rounding.

Detailed Notes to Financial Highlights and Portfolio Summary

42

Notes

1 Exchange rates used in the preparation of the full year financials and the portfolio summary are as follows: 2 “Pro-rata GFA” and “Pro-rata valuation” refer to GFA and valuation of properties in our subsidiaries, including non-wholly owned entities, jointly-controlled entities and J-REIT, pro-rated based on our interest in these entities. 3 “Other facilities” includes container yard and parking lot facilities, which are in various stages of completion. 4 “Properties under development or being repositioned” consists of four sub-categories of properties: (i) properties that we have commenced development, (ii) logistics facilities that are being converted from bonded logistics facilities to non-bonded logistics facilities and (iii) a logistics facility which will be upgraded into a standard logistics facility. 5 “Land held for future development” refers to land which we have signed the land grant contract and/or we have land certificate, including non-core land and properties occupied by Air China and the Government or its related entities, that GLP doesn’t wish to own and will sell. As at As at 1 Jan 13 1 Jan 12 1 April 12 1 April 11 31 Mar 13 31 Mar 12 to 31 Mar 13 to 31 Mar 12 to 31 Mar 13 to 31 Mar 12 Month end closing rates: - Reporting period average rates:- RMB / USD 6.28 6.32 RMB / USD 6.22 6.31 6.31 6.40 JPY / USD 94.52 82.28 JPY / USD 91.13 79.26 82.90 78.99 SGD / USD 1.24 1.26 SGD / USD 1.22 1.26 1.24 1.25 BRL / USD 2.02 BRL / USD 2.00 Balance sheet items Income statement items

Consolidated Income Statements

43 (US$'000) Three-month period ended Mar 31, 2013 Three-month period ended Mar 31, 2012 Year ended Mar 31, 2013 Year ended Mar 31, 2012 Revenue 125,100 153,270 642,094 565,627 Other income 2,530 2,862 6,950 7,582 Management fees (367) (6) (1,375) (60) Property-related expenses (24,307) (26,633) (103,419) (92,355) Other expenses (37,403) (24,070) (119,403) (85,124) 65,554 105,423 424,846 395,670 Share of results (net of income tax) of jointly-controlled entities 115,225 60,685 164,852 106,709 Share of results 22,397 14,169 49,527 24,806 Share of changes in fair value of investment properties 92,828 46,516 115,325 81,903 Profit from operating activities after share of results of jointly-controlled entities 180,779 166,108 589,698 502,379 Net finance income/ (costs) 12,178 (33,741) (66,725) (63,425) Interest income 3,673 3,639 10,659 7,092 Net borrowing costs (26,761) (23,900) (112,851) (103,884) Foreign exchange gain/ (loss) 28,776 (15,408) 24,459 23,407 Changes in fair value of financial derivatives 6,490 1,928 11,008 9,960 Non-operating income/ (costs) 171 (670) 9,167 2,117 Profit before changes in fair value of investment properties 193,128 131,697 532,140 441,072 Changes in fair value of investment properties 71,184 55,798 309,560 196,875 Profit before income tax 264,312 187,495 841,700 637,947 Income tax expense (34,366) (23,168) (126,421) (82,721) Profit for the period/ year 229,946 164,327 715,279 555,225 Attributable to: Owners of the company 224,033 156,527 684,281 540,752 Non-controlling interests 5,913 7,800 30,998 14,473 Profit for the period/ year 229,945 164,327 715,279 555,225

Consolidated Statement of Financial Position

44

(US$'000) As at As at Mar 31, 2013 Mar 31, 2012 Investment properties 8,721,995 10,228,084 Jointly-controlled entities 1,200,804 791,267 Deferred tax assets 25,382 22,125 Plant and equipment 13,985 8,109 Intangible assets 494,668 498,158 Other investments 366,307 45,564 Other non-current assets 105,977 64,087 Non-current assets 10,929,118 11,657,394 Trade and other receivables 304,099 219,738 Financial derivative assets 6,891

• Cash and cash equivalents

1,957,457 1,616,112 Assets classified as held for sale 49,977 86,886 Current assets 2,318,424 1,922,736 Total assets 13,247,542 13,580,130 Share capital 6,274,886 5,942,724 Capital securities 595,844 590,115 Reserves 1,527,549 1,255,066 Equity attributable to equity holder of the company 8,398,279 7,787,905 Non-controlling interests 648,388 520,322 Total equity 9,046,667 8,308,227 Loans and borrowings 2,786,701 3,169,089 Financial derivative liabilities 19,778 4,367 Deferred tax liabilities 544,519 447,321 Other non-current liabilities 173,070 166,449 Non-current liabilities 3,524,068 3,787,226 Loans and borrowings 95,442 1,006,293 Trade and other payables 529,224 462,667 Financial derivative liabilities 3,648 7,502 Current tax payable 48,493 8,215 Current liabilities 676,807 1,484,677 Total liabilities 4,200,875 5,271,903 Total equity and liabilities 13,247,542 13,580,130

Investor Relations Contact

Ambika Goel, CFA

SVP- Capital Markets and Investor Relations Tel: +65 6643 6372 Email: agoel@glprop.com