Slides
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Mapletree Logistics Trust 2Q FY26/27 Financial Results 28 October 2026
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Disclaimer This presentation shall be read in conjunction with Mapletree Logistics Trust’s financial results for the Second Quarter FY2026/27 in the SGXNET announcement dated 28 October 2026. 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. 1
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Agenda Mapletree (Zhongshan) Modern Logistics Park, China 1 2Q FY26/27 Key Highlights 2 Financials & Capital Management 3 Portfolio Update 4 Active Portfolio Rejuvenation 5 Sustainability 6 Outlook
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2Q FY26/27 Key Highlights Mapletree Logistics Hub - Tanjung Pelepas, Malaysia
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2Q FY26/27 Key Highlights Active Portfolio Rejuvenation & Strategic Initiatives Resilient Financial Performance Gross Revenue(1) S$180.0m +1.4% y-o-y Net Property Income (NPI)(1) S$154.8m +1.0% y-o-y Distribution per Unit (DPU)(1) 1.816 cents +0.1% y-o-y Notes: 1. For the 3-month period ended 30 September 2026. 2. As at 30 September 2026. 3. Proceeds from the S$400 million perpetual securities issued in August 2026 were temporarily deployed to repay debt, ahead of the planned redemption of an existing S$400 million perpetual securities issuance in November 2026. Assuming no timing difference between the two transactions, pro forma gearing as at 30 September 2026 would be 40.4%. 4. Based on the exchange rate of S$1.00 = CNY5.25. Healthy Operating Metrics Portfolio Occupancy(2) 96.4% 1Q FY26/27: 96.4% WALE (by NLA)(2) 2.5 years 1Q FY26/27: 2.5 years Portfolio Rental Reversion(1) +2.1% (+4.2% ex China) 1Q FY26/27: +0.9% (+2.3% ex China) Prudent Capital Management Aggregate Leverage(2,3) 37.5% 1Q FY26/27: 40.5% Debt hedged into fixed rates(2) 90% 1Q FY26/27: 82% Average Cost of Debt(1) 2.7% 1Q FY26/27: 2.6% Income hedged for next 12 months(2) 74% 1Q FY26/27: 75% Resilient operations, disciplined capital recycling and prudent capital management strengthen portfolio and support value creation for Unitholders Capital Management S$400m 3.5% perpetual securities issuance to replace existing higher-rate perpetual securities Maiden CNY500m (~S$95.2m)(4) 2.1% offshore RMB bond to diversify funding sources Portfolio Rejuvenation Strengthen market-leading position in Singapore with S$141m Changi South redevelopment Executed ~S$243m divestments at 3.1% premium above valuation, advancing capital recycling Deferred Sponsor’s call option at 201 Keppel Road preserves future divestment flexibility 4
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Mapletree Pioneer Logistics Hub, Singapore Financials & Capital Management
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2Q FY26/27 vs 2Q FY25/26 (Year-on-Year) S$’000 2Q FY26/271 3 mths ended 30 Sep 2026 2Q FY25/262 3 mths ended 30 Sep 2025 Y-o-Y change (%) Gross Revenue 180,000 177,471 1.4 Property Expenses (25,215) (24,163) 4.4 Net Property Income (NPI) 154,785 153,308 1.0 Borrowing Costs (38,588) (38,222) 1.0 Amount Distributable 100,952 98,165 2.8 - To Perp Securities holders 7,624 5,706 33.6 - To Unitholders 93,328 92,459 0.9 Available DPU (cents) 1.816 1.815 0.1 Total issued units at end of period (million) 5,139 5,094 0.9 Notes: 1. 2Q FY26/27 started with 175 properties and ended with 172 properties. 2. 2Q FY25/26 started with 178 properties and ended with 175 properties. Resilient operating performance supported stable DPU despite higher perpetual securities distributions Gross revenue was higher mainly due to: - Mapletree Joo Koon Logistics Hub (MJKLH), India acquisition, organic growth mainly in Singapore, currency appreciation (mainly RMB and AUD partly offset by JPY depreciation) - partly offset by absence of revenue from divestments Property expenses increased mainly due to higher property taxes partially offset by absence of property expenses from divested properties Borrowing costs increased due to: - interest incurred on incremental borrowings to fund India acquisition, capital expenditures and land premium on extension of land lease, and higher rates for JPY loans and replacement hedges - partially offset by lower base rates on unhedged SGD borrowings, and interest savings from temporary repayment of loans with perpetual securities and divestment proceeds Amount distributable to perpetual securities holders increased following the issuance of S$400m perpetual securities in August 2026, ahead of planned redemption of an existing S$400m perpetual securities issuance in November 2026 6
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1H FY26/27 vs 1H FY25/26 (Year-on-Year) S$’000 1H FY26/271 6 mths ended 30 Sep 2026 1H FY25/262 6 mths ended 30 Sep 2025 Y-o-Y change (%) Gross Revenue 358,892 354,869 1.1 Property Expenses (47,689) (48,150) (1.0) Net Property Income (NPI) 311,203 306,719 1.5 Borrowing Costs (76,862) (77,578) (0.9) Amount Distributable 199,577 195,774 1.9 - To Perp Securities holders 13,269 11,351 16.9 - To Unitholders 186,308 184,423 1.0 Available DPU (cents) 3.632 3.627 0.1 Total issued units at end of period (million) 5,139 5,094 0.9 Notes: 1. 1H FY26/27 started with 175 properties and ended with 172 properties. 2. 1H FY25/26 started with 180 properties and ended with 175 properties. Resilient operating performance underpinned stable distributions Gross revenue was higher mainly due to: - Mapletree Joo Koon Logistics Hub (MJKLH), India acquisition and organic growth mainly in Singapore and South Korea - partly offset by absence of contribution from divestments and currency weakness (mainly JPY and KRW, partly offset by the appreciation of RMB, AUD and MYR) Property expenses decreased mainly due to absence of property expenses from divested properties partially offset by higher property taxes Borrowing costs decreased due to: - lower base rates on unhedged SGD borrowings, and interest savings from temporary repayment of loans with perpetual securities and divestment proceeds - partially offset by interest incurred on incremental borrowings to fund India acquisition, capital expenditures and land premium on extension of land lease, and higher rates for JPY loans and replacement hedges Amount distributable to perpetual securities holders increased following the issuance of S$400m perpetual securities in August 2026, ahead of planned redemption of an existing S$400m perpetual securities issuance in November 2026 7
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2Q FY26/27 vs 1Q FY26/27 (Quarter-on-Quarter) S$’000 2Q FY26/271 3 mths ended 30 Sep 2026 1Q FY26/272 3 mths ended 30 Jun 2026 Q-o-Q change (%) Gross Revenue 180,000 178,892 0.6 Property Expenses (25,215) (22,474) 12.2 Net Property Income (NPI) 154,785 156,418 (1.0) Borrowing Costs (38,588) (38,274) 0.8 Amount Distributable 100,952 98,625 2.4 - To Perp Securities holders 7,624 5,645 35.1 - To Unitholders 93,328 92,980 0.4 Available DPU (cents) 1.816 1.816 - Total issued units at end of period (million) 5,139 5,120 0.4 Notes: 1. 2Q FY26/27 started with 175 and ended with 172 properties. 2. 1Q FY26/27 started and ended with 175 properties. Resilient performance with stable DPU Gross revenue increased mainly due to: - organic growth from existing portfolio mainly in Singapore - appreciation of RMB and KRW Property expenses increased mainly due to higher property taxes and absence of one-time adjustments to utilities expenses Borrowing costs increased mainly due to: - interest incurred on incremental borrowings to fund capital expenditures and higher base rates for SGD unhedged loans and JPY loans - partially offset by interest savings from temporary repayment of loans with perpetual securities proceeds Amount distributable to perpetual securities holders increased following the issuance of S$400m perpetual securities in August 2026, ahead of planned redemption of an existing S$400m perpetual securities issuance in November 2026 8
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As at 30 Sep 2026 As at 30 Jun 2026 Investment Properties (S$m) 13,0951 13,109 Total Assets (S$m) 13,841 13,763 Total Debt (S$m) 5,125 5,515 Total Liabilities (S$m) 6,311 6,686 Net Assets Attributable to Unitholders (S$m) 6,524 6,473 NAV / NTA Per Unit2 S$1.27 S$1.26 Aggregate Leverage Ratio3,4 37.5% 40.5% Weighted Average Borrowing Cost 2.7% 2.6% Average Debt Duration (years) 3.4 3.5 Interest Cover Ratio (ICR)5 ICR Sensitivity: • 10% decrease in EBITDA • 100bps increase in weighted average interest rate 2.9x 2.6x 2.2x 2.9x 2.7x 2.2x MLT Credit Rating Fitch BBB+ (with stable outlook) Fitch BBB+ (with stable outlook) Net debt decreased by S$389m q-o-q mainly due to: - temporary loan repayment with proceeds from perpetual securities issuance - partially offset by higher net translated loans attributable to stronger JPY against SGD Aggregate leverage ratio declined to 37.5% as proceeds from the August 2026 S$400m perpetual securities were used to repay debt ahead of the November 2026 perpetual securities redemption. Pro forma gearing would otherwise have been 40.4% Weighted average borrowing cost for 2Q FY26/27 increased slightly to 2.7% FY26/27 average borrowing cost expected to be 2.7%–2.8% Notes: 1. Includes investment properties held for sale. 2. NTA per Unit was the same as NAV per Unit as there were no intangible assets as at the Condensed Interim Statements of Financial Position dates. 3. As per Property Funds Guidelines, the aggregate leverage includes lease liabilities that are entered into in the ordinary course of MLT's business on or after 1 April 2019 in accordance to the Monetary Authority of Singapore guidance 4. Total debt (including perpetual securities) to net asset value ratio and total debt (including perpetual securities) less cash and cash equivalent to net asset value ratio as at 30 September 2026 were 81.2% and 81.0% respectively. 5. The Interest Cover Ratio is based on trailing 12 months financial results (including perpetual securities distribution), in accordance with the guideline provided by the Monetary Authority of Singapore with effect from 28 November 2024. 9 Healthy Balance Sheet and Prudent Capital Management Financial flexibility remains intact, supporting proactive portfolio rejuvenation
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Ample liquidity with available committed credit facilities of S$1,152 million to refinance debt due in FY26/27 Debt Profile (Currency Breakdown) As at 30 Sep 2026 (Post-swap) Well-Staggered Debt Maturity Profile 3.4 years Healthy average debt duration 10 JPY 28% S$1,455mil RMB 25% S$1,302mil SGD 13% S$683mil HKD 10% S$488mil KRW 11% S$540mil AUD 4% S$205mil MYR 8% S$383mil USD 1% S$47mil INR 0% S$22mil 2% 15% 20% 19% 20% 17% 4% 3% - 200 400 600 800 1,000 1,200 FY26/27 FY27/28 FY28/29 FY29/30 FY30/31 FY31/32 FY32/33 FY33/34 and beyond S$'mil Term Loan Medium Term Note / Bond Revolving Credit Facility
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Hedged/Fixed Rate3 90% Unhedged3 10% • SGD 7% • JPY 3% Hedged 74% Unhedged 26% Forex Risk Management Interest Rate Risk Management Forex Risk Management ~74% of amount distributable in the next 12 months hedged into / derived in SGD Notes: 1. Base rate denotes SGD SORA and JPY DTIBOR/TORF/TONA. 2. Based on 5,139 million units as at 30 September 2026. 3. Proceeds from the S$400 million perpetual securities issued in August 2026 were temporarily deployed to repay debt, ahead of the intended redemption of an existing S$400 million perpetual securities issuance in November 2026. Assuming no timing difference between the two transactions, pro forma hedged/fixed rate debt will be 83% and unhedged debt will be 17%. Disciplined, multi-year hedging strategy mitigates impact of rising interest rates and currency volatility High proportion of fixed-rate debt moderates near-term impact of higher rates Proactive Interest Rate and Forex Risk Management Hedged Unhedged Hedged/Fixed Rate Unhedged Total Debt S$5,125 million 90% of total debt is hedged or drawn in fixed rates Every potential 25 bps increase in base rates1 may result in ~S$0.3m decrease in distributable income or -0.01 cents in DPU2 per quarter 11
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Distribution Details 2Q FY26/27 Distribution Distribution Period 1 July 2026 - 30 September 2026 Distribution Amount 1.816 cents per unit Ex-Date 4 November 2026, 9am Record Date 5 November 2026, 5pm Distribution Payment Date 17 December 2026 12
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Portfolio Update Mapletree (Yuyao) Logistics Park II, China
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REVENUE CONTRIBUTION Geographical Diversification Enhances Portfolio Resilience ~70% of MLT's portfolio (AUM and revenue) is anchored by developed markets, providing a stable earnings foundation while maintaining exposure to faster-growing emerging markets 14 Note: 1. Includes the right-of-use assets with the adoption of SFRS(I)16 and held for sale assets. PORTFOLIO VALUE (AUM) As at 30 Sep 26 S$13.1 billion1 1H FY26/27 Revenue S$358.9 million
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F&B 15% Fashion, Apparel & Cosmetics 6% Consumer Staples 15% Furniture & Furnishings 3% Automobiles 6% Healthcare 3% Retail 5% Electronics & IT 10% Others 18%Materials, Construction & Engineering 6% Oil, Gas, Energy & Marine 2% Chemicals 2% Commercial Printing 1% Information Communication Technology 5% Commodities 3% 15 Diversified tenant base of 985 customers who are mainly engaged in handling consumer-related goods Around 85% of MLT's revenue is derived from tenants serving domestic distribution, with the balance 15% catering to exports Gross Revenue Breakdown by Trade Sector (for the month ended 30 September 2026) Diversified Tenant Base Anchored by Domestic Consumption
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100% 100% 100%100% 100% 85.3% Malaysia Vietnam India 95.9% 96.4% Singapore High portfolio occupancy of 96.4% reflecting healthy demand across portfolio China occupancy improved to 94.4% amid continued challenging market conditions India occupancy decreased due to transitional downtime, with occupancy expected to backfill in 3Q FY26/27 16 Healthy Occupancy Reflects Resilient Leasing Demand Malaysia | Vietnam | India 99.3% 99.4% Hong Kong SAR 93.8% 94.4% China 97.6% 98.4% South Korea 95.3% 95.3% Australia 96.4% 96.4% Portfolio 98.6% 97.6% Japan Stable Stable 0.5 ppt 0.1 ppt 0.6 ppt 0.8 ppt 1.0 ppt Jun-26 Sep-26
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Portfolio Rental Reversions 17 Market 2Q FY26/27 1Q FY26/27 Singapore 5.3% 4.1% Hong Kong SAR 0.5% 0.1% China -1.7% -1.8% Japan 1.8% 3.8% South Korea 6.3% 3.0% Australia NA NA Malaysia 2.8% 3.0% Vietnam 5.3% 4.7% India 3.3% 3.2% Portfolio 2.1% 0.9% Portfolio ex. China 4.2% 2.3% 2.1% Portfolio 2Q FY26/27 4.2% Portfolio ex. China 2Q FY26/27 -1.7% China vs -3.0% in 2QFY25/26 MARKET UPDATE1 1 JLL 2Q 2026 Report. • Singapore Strong demand for quality premises and limited new multi-tenanted supply could support rental growth in 2027 • Hong Kong SAR Positive net absorption reduced market vacancy to 9.5%, with rental declines expected to moderate in the latter half of the year • China New supply remained concentrated in South and North China, where rents continued to decline; rents posted early signs of stabilisation in West and Central China; rental declines moderated in East China as supply pressures eased • Japan Healthy leasing demand supported declining vacancies and rental growth in Greater Tokyo and Osaka, while overall leasing activity in Greater Nagoya remained subdued • South Korea Leasing demand remained resilient amid lower new supply in 2026, supporting rental growth and stabilising vacancy • Australia Occupier demand has stayed resilient amid increasing economic uncertainty, with rising inflation remaining a downside risk • Malaysia, Vietnam, India Malaysia: Demand recovery drove positive net absorption, though new supply lifted vacancy and kept rents stable Vietnam: Strong net absorption outpaced new supply, supporting lower vacancy India: Demand for quality logistics space continued to support rental growth and occupancy across Mumbai, Delhi and Pune Data or information compiled by JLL has been reproduced in this presentation. JLL does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on any such data or information.
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2.3% 5.4% 3.9% 0.9% 1.0% 4.1% 13.6% 28.6% 16.5% 9.9% 2.3% 11.5% 15.9% 34.0% 20.4% 10.8% 3.3% 15.6% FY26/27 FY27/28 FY28/29 FY29/30 FY30/31 >FY30/31 Single-User Assets Multi-Tenanted Buildings 172 properties as at 30 Sep 2026 175 properties as at 30 Jun 2026 Note: 1. As at 30 September 2026. Well-Spread Lease Expiry Profile (by NLA)1 Top 10 Tenants by Gross Revenue 2.5 years weighted average lease expiry (by NLA) 985 tenants mainly serving consumer-related sectors ~19.9% of total gross revenue by top 10 tenants 18 Diversified Tenant Base Supports Income Resilience Low tenant concentration and a well-staggered lease expiry profile provide visibility of income and reduce renewal risk 3.8% 3.6% 2.3% 1.8% 1.5% 1.5% 1.4% 1.4% 1.3% 1.2% 3.7% 3.5% 2.3% 1.8% 1.4% 1.5% 1.4% 1.4% 1.4% 1.2% Equinix CWT Coles Group HKTV Coupang Inc. Bidvest Group S.F Express Co., Ltd. JD.com, Inc. Cainiao GXO Logistics
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Active Portfolio Rejuvenation Mapletree Logistics Park – Majang 3, South Korea
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Reinforcing MLT’s Market-leading Position in Singapore MLT’s first modern ramp-up logistics facility in eastern Singapore ARTIST’S IMPRESSION 20 Changi South redevelopment advances MLT’s Singapore growth and portfolio rejuvenation strategy Singapore remains MLT’s largest core market (>30% of gross revenue), anchoring portfolio performance Transforms two mature assets into a modern 5-storey ramp-up logistics facility, increasing gross floor area by 34% to 499,666 sf - Well-connected to Changi Airport, major expressways and regional distribution networks - Capitalises on healthy demand and limited supply of modern logistics space in Changi South Designed for sustainability and resilience - Targets Green Mark Super Low Energy certification - On-site renewable energy and climate resilience features Estimated total development cost of ~S$141m Construction expected to commence in 1Q 2027 and complete in 2Q 2029 ARTIST’S IMPRESSION
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Notes: 1. As at 30 September 2026, the economic interests in the PRC entities had been transferred to the RMB Fund. 2. To ensure that the transaction is carried out on an arm’s length basis, two independent valuations were obtained from Jones Lang LaSalle Corporate Appraisal and Advisory Limited (“Jones Lang LaSalle”) and Colliers Appraisal & Advisory Services Co., Ltd (“Colliers”), who were appointed by HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) and the Manager respectively. 3. Valuation conducted by Jones Lang LaSalle as at 31 March 2026, using the income capitalisation and discounted cash flow appraisal methods. 4. Valuation conducted by Colliers as at 31 March 2026, using the income capitalisation and discounted cash flow appraisal methods. 5. Based on independent valuation as at 31 March 2026 by Savills Valuation and Professional Services (S) Pte Ltd using the discounted cash flow and income capitalisation methods. 6. Based on independent valuation as at 31 March 2026 by Knight Frank Valuation & Advisory Victoria using the income capitalization and discounted cash flow methods. 7. Based on independent valuation as at 31 March 2026 by Jones Lang LaSalle Corporate Appraisal and Advisory Limited using the income capitalisation and discounted cash flow methods. 8. Based on independent valuation as at 31 March 2026 by Jones Lang LaSalle Limited using the income capitalisation and discounted cash flow methods. 21 FY26/27 Divestments YTD Divestments totalling ~S$243 million have been executed in FY26/27, at an average 3.1% premium to valuation 1 DIVEST MATURE ASSETS 2 RELEASE CAPITAL 3 ENHANCE FLEXIBILITY INVEST IN MODERN WAREHOUSES4 Property Mapletree (Wuxi) Logistics Park, China1 Mapletree Wuxi New District Logistics Park, China1 39 Changi South Avenue 2, Singapore 365 Fitzgerald Road, Derrimut, Victoria, Australia Mapletree Northwest Logistics Park (Phase 1 and 2), China Two Strata Units at Grantech Centre, Hong Kong SAR Buyer RMB Fund RMB Fund Third Party Third Party Third Party Third Party NLA/GLA (sqm) 45,084 122,403 6,129 16,114 40,944 357 Agreed Property Value RMB180.0m RMB544.0m S$16.6m AUD28.0m RMB323.0m HKD15.2m Valuation RMB169.0m2,3 RMB541.0m2,3 S$13.8m5 AUD27.0m6 RMB323.0m7 HKD13.0m8 RMB168.0m2,4 RMB536.0m2,4 Divestment Premium to Average Valuation 6.8% 1.0% 20.3% 3.7% - 16.7% Completion Date Jan 2027 Jan 2027 5 Oct 2026 23 Oct 2026 3Q FY27/28 3Q FY26/27
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22 As at 30 Sep 2026 Assets Under Management (S$ billion) 13.1 WALE (by NLA) (years) 2.5 Net Lettable Area (million sqm) 8.0 Occupancy Rate (%) 96.4 Number of Tenants 985 Number of Properties 172 Number of Properties – By Country Singapore 431 Hong Kong SAR 9 China 402 Japan 22 South Korea 20 Australia 13 Malaysia 9 Vietnam 12 India 4 MLT’s Portfolio at a Glance Notes: 1. Excludes 37 Penjuru Lane, Singapore, following its return to JTC on 15 August 2026 upon expiry of the land lease. 2. Two wholly-owned subsidiaries of MLT have entered into equity purchase agreements to divest their 100.0% equity interests in the two PRC entities holding Mapletree (Wuxi) Logistics Park and Mapletree Wuxi New District Logistics Park, to the RMB Fund led by MLT’s sponsor, Mapletree Investments Pte Ltd. As at 30 September 2026, the economic interests in the PRC entities had been transferred to the RMB Fund. The divestment is expected to complete by Jan 2027.
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Sustainability Rooftop solar panels at Mapletree Joo Koon Logistics Hub, Singapore
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Advancing Our Green Agenda Growing Green Lease Adoption Growing Green Financing Supports Sustainability Initiatives Advancing Towards 150 MWp Solar Capacity by 2030 Expanding Green Certifications Across the Portfolio • Green and sustainable financing totalled S$1.5 billion (~28% of total borrowings)1 • Green leases accounted for 70%2 of MLT’s portfolio by NLA in FY26/27 YTD, up from 64% in FY25/26 Notes: 1. As at 31 March 2026. 2. As at 30 September 2026, green leases accounted for 73% of occupied area portfolio-wide. • Three new solar projects were completed, bringing total solar capacity to 132.9 MWp • 79 assets covering 5.2 million sqm of portfolio are green certified, representing 67% of MLT’s portfolio GFA • MLT is committed to achieving carbon neutrality for Scope 1 and 2 emissions by 2030, in line with Mapletree Group’s long-term target of net zero emissions by 2050 0.3 0.4 1.7 3.0 4.4 5.2 4% 5% 22% 39% 56% 67% -10% 0% 10% 20% 30% 40% 50% 60% 70% 0 .0 1 .0 2 .0 3 .0 4 .0 5 .0 6 .0 7 .0 FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 FY25/26 Absolute GFA (million sqm) Percentage of Green Certified Space / Total Portfolio GFA 52%40% 8% S$1.5b as at 31 March 2026 Sustainability-linked Loan Green Loan Green Bond 10.5 13.8 36.3 59.8 71.1 131.8 132.9 FY20/21 FY21/22 FY22/23 FY23/24 FY24/25 FY25/26 FY26/27 YTD Total Solar Generating Capacity (MWp) 84,590 1,740,218 4,113,814 5,242,563 5,627,428 1% 22% 51% 64% 70% 0% 10% 20% 30% 40% 50% 60% 70% - 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 FY22/23 FY23/24 FY24/25 FY25/26 Green Lease by NLA (sqm) % of Green Lease by NLA FY26/27 YTD 24
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Outlook Outlook Mapletree Logistics Hub Tsing Yi, Hong Kong SAR
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Operating Environment Global economic outlook remains uncertain amid higher-for-longer interest rates Currency volatility and elevated borrowing costs are expected to remain headwinds A broader macroeconomic slowdown could moderate demand for logistics space Resilient Portfolio Leasing demand remains broadly stable, supported by MLT’s geographically diversified portfolio Developed markets account for over 70% of portfolio value and revenue Around 85% of revenue is derived from tenants serving domestic consumption Management Priorities Sustain healthy occupancy, rental stability and cost efficiency Portfolio rejuvenation to continue through selective divestments, redevelopments and acquisitions Mitigate currency and interest rate risks through prudent capital management 26 Outlook
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Appendix 15 Botero Place Truganina, Australia
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Focused approach to deliver Sustainable Long-Term Value 28 Portfolio Rejuvenation Strategy Active Asset Management Prudent Capital & Risk Management High Quality Portfolio Diversified & Strong Tenant Base Healthy Financials Complemented by Accretive Acquisitions Strengthen MLT’s portfolio with acquisitions of high quality, modern logistics assets Maintain a balanced portfolio, with 65–70% in developed markets anchored by Singapore, and 30–35% in emerging growth markets Visible pipeline of assets from Sponsor in India, Vietnam, Malaysia and Australia Strategic Asset Enhancements Selective Divestments Identified ~S$1bn of properties for divestment – about half from China and Hong Kong SAR • Completed over S$500m divestments to-date Re-invest proceeds into modern logistics assets offering higher growth potential • Grade A warehouse in Mumbai, India (March 2026) • Joo Koon redevelopment project in Singapore (completed in May 2025) Unlock value and drive organic growth through redevelopment of existing properties into modern logistics space Ongoing redevelopment project in Subang, Malaysia is awaiting land amalgamation Announced Changi South redevelopment
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MIPL’s Logistics Development Projects in Asia Pacific 29 Completed Projects Country Project Locations Estimated GFA (sqm) China North region – Jilin, Liaoning, Shandong 2,691,433 South region – Fujian East region – Anhui, Jiangsu, Zhejiang, Shanghai West region – Chongqing, Sichuan, Yunnan Central region – Henan, Hubei, Hunan Vietnam Binh Duong, Hung Yen, Bac Giang 435,253 Australia Brisbane 111,971 India Pune, Bangalore 233,243 Total 3,471,900 Projects Underway Country Project Locations Estimated GFA (sqm) Malaysia Shah Alam, Bukit Raja 676,270 Australia Brisbane, New South Wales 90,000 India Chennai, Tamil Nadu 326,257 Vietnam Bac Ninh 110,477 Hong Kong Tsing Yi 227,836 Total 1,430,840
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Lease Expiry Profile (by NLA) by Geography1 30 Note: 1. As at 30 September 2026. 2.3% 4.4% 3.9% 2.1% 0.5% 8.8% 0.1% 1.9% 1.9% 0.5% 0.0% 0.4% 8.5% 15.8% 4.3% 2.2% 0.4% 0.6% 0.1% 2.1% 2.6% 1.7% 1.2% 1.4% 1.6% 3.3% 1.8% 0.9% 0.2% 1.3% 0.2% 0.2% 1.4% 0.0% 0.3% 2.1% 1.4% 3.5% 1.0% 1.3% 0.1% 0.6% 1.7% 2.4% 2.9% 1.5% 0.0% 0.4% 0.0% 0.4% 0.6% 0.6% 0.6% 0.0% FY26/27 FY27/28 FY28/29 FY29/30 FY30/31 >FY30/31 15.9% 34.0% 20.4% 10.8% 3.3% 15.6% Singapore Hong Kong SAR China Japan South Korea Australia Malaysia Vietnam India
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Remaining Land Lease ≤30 years 31-60 years >60 years Freehold % of Portfolio (by NLA) 23.8% (55 assets) 45.4% (50 assets) 5.9% (9 assets) 24.9% (58 assets) Remaining Years to Expiry of Underlying Land Lease (by NLA)1 • Weighted average lease term to expiry of underlying leasehold land (excluding freehold land): 36.7 years 31 Note: 1. As at 30 September 2026. 5.0% 6.7% 2.7% 6.5% 0.7% 2.7% 1.8% 3.4% 16.0% 13.7% 0.0% 0.0% 8.9% 8.9% 4.3% 1.7% 4.1% 1.8% 4.3% 3.5% 0.8% 0.0% 0.0% 0.4% 0.0% 0.0% 1.1% 1.0% 0-20 yrs 21-30 yrs 31-40 yrs 41-50 yrs 51-60 yrs >60 yrs (excluding freehold land) Freehold 5.0% 18.8% 24.4% 21.0% 0.0% 5.9% 24.9% Singapore Hong Kong SAR China Japan South Korea Australia Malaysia Vietnam India
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SUA Revenue Contribution by Geography MTB Revenue Contribution by Geography Single-User Assets 22.2% Multi-Tenanted Buildings 77.8% 32 Gross Revenue (%) As at 30 Sep 2026 Single-User Assets vs. Multi-Tenanted Buildings Singapore 18.2% Japan 19.5% Malaysia 2.7% China 6.2% Hong Kong SAR 19.0% Vietnam 2.2% South Korea 13.4% Australia 18.8% India 0.0% Singapore 32.6% Japan 7.2% Malaysia 8.7% China 17.3% Hong Kong SAR 15.7% Vietnam 5.5% South Korea 6.0% Australia 5.3% India 1.7%