Frasers Logistics & Industrial Trust Investor Presentation May - PowerPoint PPT Presentation

Frasers Logistics & Industrial Trust Investor Presentation May 2019 FrieslandCampina Facility, Meppel, the Netherlands Otto-Hahn Straße, Vaihingen, Germany DSV Facility, Venlo, The Netherlands CHEP Facility , Victoria, Australia

Contents FLT Overview  Portfolio and Asset Management  Key Markets Overview  Strategy and Conclusion  Additional Info: 1HFY19 Financial Overview  2

FLT Overview Clifford Hallam Facility, Victoria, Australia LGI Facility, Freiberg, Germany

Introduction to FLT Frasers Logistics & Industrial Trust A SGX-ST listed real-estate investment trust with a quality portfolio concentrated within major logistics and industrial markets in Australia, Germany and the Netherlands 82 properties A$3.0 billion 1,964,443 sq m 99.6% Gross Lettable Area (“ GLA ”) Occupancy Rate (2) Portfolio Value (1) A High Quality The Netherlands, 9.2% Portfolio Other Leasehold, Australia, 8.3% Focused on 66.5% Land Regions (1) Freehold, Major Developed Tenure (1) Germany, 70.2% >80 Years Leasehold, 24.3% Logistics 21.5% Markets Based on the appraised value of FLT’s portfolio as at 30 September 2018. Based on an exchange rate of €1:A$1.5905 for the pro perties in Germany and the Netherlands 1. By Gross Rental Income (“ GRI ”), being the contracted rental income and estimated recoverable outgoings for the month of 31 March 2019. Excludes straight lining rental 2. adjustments 4

Key Milestones (IPO to September 2018) June – October 2017 June 2016 August 2016 November 2016 Acquired 3 rd Call 1 st Portfolio Acquisition: 7 Properties in Australia Acquired Two Call Option (1) Properties Option (1) Property • Portfolio Price: A$169.3mm • GLA: 124,527sqm • Occupancy: 100% (3) Listed on the • WALE (2) : 9.6 years SGX-ST on 111 Indian Drive, Keysborough, VIC 143 Pearson Road, Yatala, QLD 1 Burilda Close, Wetherill Park, NSW 20 June 2016 • Property Price: • Property Price: • Property Price: Private Placement (51 Properties) A$32.5 mm A$36.7 mm A$58.2 mm • Private placement of 78 mm new units in FLT at an issue price of • GLA: 21,660 sq m • GLA: 30,618 sq m • GLA: 18,848 sq m • Occupancy: 100% S$1.01 per Unit. • Occupancy: 100% • Occupancy: 100% • The new issuance was 4.62 times subscribed • WALE (2) : 15.0 years • WALE (2) : 6.0 years • WALE (2) : 20.0 years May 2018 August 2018 September 2018 2 nd Portfolio Acquisition: Divested Two Non-core Properties Acquired Two New Australian Properties 21 Properties in Germany and the Netherlands Lot 102 Coghlan Road, Outer Harbor, South • Portfolio Price: €596.8 mm Australia • GLA: 620,786 sq m • Sale Consideration: A$8.75 mm • Occupancy: 100% (4) • Book Value: A$6.4 mm • WALE (2) : 8.0 years • Premium to Book Value: 36.7% 3 Burilda Close, Wetherill Park, NSW 103-131 Wayne Goss Drive, QLD Equity Fund Raising • Property Price: A$31.5 mm • Property Price: A$31.1mm 80 Hartley Street, Smeaton Grange, New South • GLA: 20,078 sq m • Launch of equity fund raising to raise S$476 mm by way of: • GLA: 19,487 sq m Wales, Australia • Occupancy: 100% • Occupancy: 100% – Private placement (3.9 times subscribed) • Sale Consideration: A$90.5 mm • WALE (2) : 7.0 years • WALE (2) : 4.2 years • Book Value: A$64.5 mm – Preferential offering (1.9 times subscribed) • Premium to Book Value: 40.3% 1. In relation to call option agreements entered into at FLT’s IPO 5 2. Refers to the weighted average leas expiry (“ WALE ”) based on GRI as reported in the respective acquisition announcements 3. Including pre-committed leases for the three development properties 4. Based on 100% interest in the properties acquired and on the basis of the completion of the committed asset enhancement works (where applicable)

Key Developments in the Year-to-Date Acquired a Prime, Freehold Logistics • Property Price: €25.36 mm (1) • GLA: 31,013 sq m Property in the Netherlands • Occupancy: 100% on 31 October 2018 • WALE (2) : 14.6 years Mandeveld 12, Meppel, the Netherlands Included in the FTSE EPRA/NAREIT Developed Index • Entry into a leading benchmark index for institutional real-estate investors • Unit price up approximately 4.6% (3) with higher daily average volume since 18 March 2019 • Completed 46,078 sq m of leasing/renewals in Australia, with reversion of -6.3% Healthy Leasing Momentum • I ncludes a 10-year lease extension and asset enhancement for the property at 468 Boundary Derrimut, Victoria, Australia • 29 March 2019: Announced divestment of 63-79 South Park Drive in Victoria for A$17.25 mm, representing a 13.1% premium to book value of A$15.25 mm (4) Strategic Divestments in Australia • 16 May 2019: Announced partial divestment of 610 Heatherton Road in Victoria for A$15.0 mm, representing a 11.1% premium to the apportioned book value of A$13.5 mm (5) 63-79 South Park Drive, Dandenong South, Victoria 1. Negotiated on a willing-buyer and willing-seller basis and supported by independent valuations conducted by CBRE Ltd. and Colliers International Valuation UK LLP as at 1 October 2018 based on 100% interest in the property as set out in the announcement dated 31 October 2018 2. Based on GRI as reported in the acquisition announcement 3. For the period from 28 February 2019 (Being the inclusion announcement date) to 16 May 2019 4. Based on the valuation by CIVAS (VIC) Pty Limited (“ Colliers ”) as at 30 September 2018 6 5. Apportioned book value of the warehouse and hardstand components based on the valuation by Savills Valuation Pty Ltd as at 15 April 2019. The total book value of the property as at 15 April 2019 was A$18.0 million.

Delivering Stable Distributions Distribution Policy  – FLT makes distributions to its Unitholders on a semi-annual basis, with the amount calculated as at 31 March and 30 September each year for the six-month period ending on each of the said dates – Unitholders will receive their Distribution in Singapore dollars, unless they elect to receive their Distribution in Australian dollars by submitting a completed "Currency Election Notice" to CDP Includes DPU of 0.10 Singapore cents (0.10 Australian cents) for the period from 20 Jun to 30 Jun 16 1.85 1.84 1.82 1.81 1.81 1.80 1.80 1.78 1.78 1.78 1.77 1.76 1.76 1.75 1.75 1.75 1.75 1.75 1.74 1.74 1.70 1.70 20 Jun - 30 1QFY17 2QFY17 3QFY17 4QFY17 1QFY18 2QFY18 3QFY18 4QFY18 1QFY19 2QFY19 Sep 2016 Australian Cents Singapore Cents 7

Attractive Trading Fundamentals Trading Performance since IPO (20 June 2016 – 16 May 2019) SGX Stock Code: BUOU Bloomberg: FLT:SP FLT units rose by approximately 29.2 % Reuters: FRAE.SI for the period from 20 June 2016 to 135% 16 May 2019; outperforming the FTSE ST REIT Index Closing Price (16 May 2019): 130% $1.15 IPO Issue 125% Price: $0.89 120% 115% 110% 105% 100% FLT FTSE ST All-Share REIT Index 95% 21 Jun 16 11 Nov 16 05 Apr 17 30 Aug 17 23 Jan 18 13 Jun 18 05 Nov 18 28 Mar 19 Stock Information (As at 16 May 2019) 6.1% Market capitalisation S$2,331.1 million Free Float ~73% 1-year average daily traded volume ~5.1 million units 2.2% 2.0% Annualised Distribution Yield (1) 6.1% 0.6% Annualised Total Return since IPO (2) 15.8% Distribution Payment Semi-annual FLT 10-yr Singapore 5-yr Singapore 12-month S$ (3) (3) (3) Annualised Yield Government Bond Government Bond Fixed Deposit 1. Based on FLT’s closing price of A$1.15 per unit as at 16 May 2019 and by annualising FLT’s interim distribution of 3.54 Singapore cents for the period from 1 October 2018 to 31 March 2019 8 2. Source: Bloomberg LLP (For the period from 21 June 2018 to 16 May 2019). Calculation of total return assumed the distributions paid during the period are reinvested 3. Source: Monetary Authority of Singapore Daily SGS Prices and interest rates of banks and finance companies (Last accessed on 16 May 2019)

Portfolio and Asset Management Nick Scali & Plastic Bottles Facility, New South Wales, Australia Mazda Facility, Victoria, Australia

Portfolio Overview Australia Prime and modern properties with an average age of 7.6 years properties concentrated within major logistics and industrial markets 60 Melbourne (Victoria) Sydney (NSW) Focused on the Properties 29 Properties 15 (3) GLA 632,504 sq m GLA 364,268 sq m eastern seaboard Valuation (1) A$583.2m Valuation (1) A$780.9m Properties % of Portfolio (1) 39.2% % of Portfolio (1) 29.3% Brisbane (12) Perth (1) Sydney (15) Adelaide (3) Brisbane (Queensland) Adelaide (South Australia) Perth (Western Australia) Melbourne (29) Properties 12 Properties 3 Properties 1 GLA 268,597 sq m GLA 26,413 sq m GLA 20,143 sq m Valuation (1) A$586.4m Valuation (1) A$27.3m Valuation (1) A$15.6m % of Portfolio (1) 29.4% % of Portfolio (1) 1.3% % of Portfolio (1) 0.8% As at 31 March 2019 3.1% p.a. A$2.0 billion 1,311,924 sq m 99.4% 6.43 years Average Fixed Portfolio Value (1) WALE (3) Portfolio GLA Occupancy Rental Increases Based on the appraised value of FLT’s Australian portfolio as at 30 September 2018 1. 2. 14 properties located in Sydney, 1 property located in Wollongong 10 3. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of March 2019. Excludes straight lining rental adjustments