Investor Presentaiton

Made public by

sourced by PitchSend

1 of 37

Creator

PitchSend logo
PitchSend

Category

Pending

Published

Unknown

Slides

Transcriptions

#1Investor Presentation May 2023 FIBRA PROLOGIS Prologis Park Grande, Mexico City#2INVESTOR PRESENTATION Forward-Looking Statements / Non-Solicitation FIBRA PROLOGIS This presentation includes certain terms and non-IFRS financial measures that are not specifically defined herein. These terms and financial measures are defined and, in the case of the non-IFRS financial measures, reconciled to the most directly comparable IFRS measure, in our first quarter Earnings Release and Supplemental Information that is available on our website at www.fibraprologis.com and on the BMV's website at www.bmv.com.mx. - The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management's beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("FIBRA") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, (ix) risks related to the current coronavirus pandemic, and (x) those additional factors discussed in reports filed with the "Comisión Nacional Bancaria y de Valores" and the Mexican Stock Exchange by FIBRA Prologis under the heading "Risk Factors." FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release. Non-Solicitation - Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any other jurisdiction and may not be offered or sold in the United States or other jurisdiction absent registration or an applicable exemption from the registration requirements or in any such jurisdiction. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.#3AF2 FIBRA PROLOGIS Resilient Investment Strategy Agua Fría, Monterrey 3#4Why invest in FIBRA Prologis? US$4B Assets under management US$239M 2022 Annual Net Operating Income ALCP FIBRA PROLOGIS US$0.13 2023E Distribution per CBFI BBB/BBB+ CIRCUNTO Credit Ratings www Note: Information as of March 31, 2023 43.6 M 225 Square Feet 240 Buildings (1) Customers World class Sponsor: PLD 1. Includes value-added acquisition properties that are not in the operating pool.#5FIBRA Prologis at a Glance FIBRA Prologis is a leading Mexican real estate investment trust formed to acquire, own and manage Class-A industrial real estate in Mexico Attractive industrial real estate in Mexico in the six most dynamic markets Strong Balance Sheet KEY FINANCIAL AND OPERATIONAL METRICS (2) 2015 Stock Price (MXN) 26.0 Reliable and sustainable cash flow 300.4% Total Return Since IPO (1) Supported by Prologis and access to its development pipeline Strong organic growth Main growth drivers: Manufacturing and nearshoring Consumption and e-commerce • Supply chain constraints and Labor Shortages 1. IPO was June 4, 2014; total return calculated in Mexican Pesos on March 31, 2023. Source: Bloomberg. ΝΟΙ (USD$M) FIBRA PROLOGIS Today 65.2 239.2 145.4 4.0 Total Assets (USD$B) 2.1 Distributions (USD$M) 63 63 105 Total Debt (USD$M) 920 @ 4.0% 658 @ 4.8% & Wtd. avg. rate (%) 225 188 Buildings 43.6 32.6 GLA (MSF) 2. 2015 column numbers are as of December 31, 2015, including the stock price. Today column numbers are as of March 31, 2023. Except NOI and Distributions that are YE 2022. 5#6Investor Presentation FIBRA PROLOGIS Unmatched Portfolio Focused on the Top Consumption and Manufacturing Markets 6 Markets > 10MSF 98.4% Period End Occupancy (1) 98.4% Average Occupancy (1) 43.6 Million Square Feet 225 Operating Properties (2) 17.5 years Average Age Tijuana GLA 6.3 MSF 100.0% Occupancy Ciudad Juarez GLA 3.5 MSF 97.5% Occupancy Guadalajara GLA 5.9 MSF 94.4% Occupancy Data as of March 31, 2023. Note: GLA is defined as gross leasable area. 1. Operating properties only. 2. Includes value-added acquisition properties that are not in the operating pool. Reynosa GLA 4.6 MSF 99.8% Occupancy Monterrey GLA 6.1 MSF 100% Occupancy Mexico City GLA 17.0 MSF 98.5% Occupancy 5MSF to 10MSF 3MSF to 5MSF 6#7Logistics Real Estate Fundamentals¹ DEMAND (T12M) VS SUPPLY PIPELINE (MSF) Mexico City Monterrey DEMAND VS SUPPLY (MSF) VACANCY • (%) Mkt Vacancy 36 1.7% 32 8 1.5% 28 24 1.8% Guadalajara 6 20 FIBRA PROLOGIS 10 2 Market vacancy of 1.1%, historical lows • We expect increasing demand due to supply chain reconfigurations and limited supply caused by enhanced supply barriers to continue driving high occupancies and rent growth • Rent Growth in 2022 was 16% • Nearshoring in Northern Mexico and e-commerce adoption are the main drivers of demand Juarez 0.0% 16 4 • Reynosa Tijuana 0 5 10 10 Net Absorption L12M BTS Spec 1.0% 12 0.4% 8 00 4 15 20 0 2013 14 Completions 18 19 Net Absorption 21 22 2023F Vacancy Rate Sources: Prologis Research 1. Note: Defined as modern logistics market, inclusive of only those facilities with advanced functional features and/or superior locations, deemed to be competitive with Prologis. Data as of March 31, 2023 Sources: Prologis Research Note: Completions equate to supply while net absorption is equivalent to demand 0 7#8Nearshoring is the Main Structural Shift Mexican logistics real estate gain momentum due to manufacturing activity NEARSHORING DEMAND BY COUNTRY OF ORIGIN¹ NEARSHORING-RELATED NET ABSORPTION¹ (FIBRA PL MARKETS, MSF) FIBRA PROLOGIS Europe Asia (ex China) 16% 13% China 21% USA 13 48% 11 REGIONS AND SECTORS EXPECTED TO ATTRACT NEARSHORING¹ (PROBABILITY) Monterrey Coahuila Juarez Tijuana Mexico City Other 28 25 2019 2020 2021 Motor Vehicles & Parts Other Electronics & Home Appliances Machines & Tools High-Tech Health & Pharma 2022 • • Nearshoring is the main driver of demand, accelerating since the pandemic due to global supply chain disruptions, tensions in U.S.-China relations, and the USMCA Monterrey and border markets are the main beneficiaries, but regional markets are becoming more attractive as other markets saturate Auto has been the main driver, yet other industries are taking up importance, for example electronics & appliances ~75% of total demand in 2022 was related to Nearshoring, including Tier 1 & 2 2 We expect nearshoring to continue as companies bring production processes closer to the U.S. consumer. 1. Source: Prologis Research with information from Market Analysis and CBRE. 2. Tier 1 nearshoring refer to the direct demand of companies nearshoring from abroad; Tier 2 demand accounts for local suppliers and previously stablished firms expanding operations as an effect of nearshoring. 8#9E-commerce is a Resilient Driver of Expansion By 2026, E-commerce penetration¹ in Mexico is expected to have doubled vs 2021 E-COMMERCE SALES AND PENETRATION RATE IN MEXICO¹ USD$ B 60,000 50,000 40,000 30,000 20,000 10,000 0 FIBRA PROLOGIS E-COMMERCE GLOBAL PENETRATION RATE¹ • % Penetration Rate 40 36 20% 32 28 15% 24 20 10% 16 12 8 . 5% 4 0 0% 2019 2020 2021 2022 2023 2024 2025 2026 2027 Mexico Global Europe --China USA Brazil E-commerce is tailwind for logistics real estate demand, especially in Mexico City Nascent e-commerce penetration relative to global market peers: penetration in Mexico is expected to double in the next 5 years E-commerce companies are more intense users of space versus brick-and-mortar retailers (+3x), due to: High inventory turn levels Broader product variety 2019 2020 2021 2022 2023 2024 2025 2026 2027 E-commerce % TOP E-COMMERCE COMPANIES IN MEXICO² Retailer Market Share FIBRA PROLOGIS Mercado Libre 15% Amazon.com Inc 13% Walmart Inc 10% El Puerto de Liverpool 7% 1. Source: Euromonitor. Penetration rate defined as % of retail sales made online vs total retail sales. 2. Source: Prologis Research with sales data and forecasts with information from Euromonitor. • Reverse logistics • Last-Touch® facilities ensure customers have well-located facilities in large, dense, constrained urban areas 9#10O 000000 Low Risk Business Model 102 FIBRA PROLOGIS 47 46 45 Prologis Park Los Altos, Guadalajara 10 10#11Potential Market Rental Growth LEASE EXPIRY PROFILE BY GLA & AVERAGE IN-PLACE RENT FIBRA PROLOGIS $9.05 $9.38 $8.72 $8.10 $8.40 $7.52 $7.80 $5.95 $6.29 $6.45 $6.55 $5.57 $5.59 $5.88 11% 9% 2023 PORTFOLIO STATISTICS 22% 14% 2024 2025 2026 Roll Over Avg in-place rent Avg in Place Rent per Sq Ft $6.08 Avg Market Rent per Sq Ft $7.52 Avg Contractual Rent Escalator(2) ~3.0% WARLT (3) ~39.4 months 7% 2027 10% 2028 -- Avg Estimated Market Rent (Beg. of the yr) 26% 2029+ 1 CURRENCY OF LEASES, % OF NET EFFECTIVE RENT USD 66% MXN 34% Source: Prologis. Data as of March 31, 2023. Estimated Market rent based on latest growth rates. Assumptions might differ, as market conditions change. For current year the market rent is for the current period March 31, 2023. 1. 2. For USD denominated leases only. Leases in Mexican pesos are tied to Mexican inflation. 3. Weighted Average Remaining Lease Term 14 11#12Diversified Customer Base 240 customers in Mexico have CUSTOMER TYPE %, NER basis 351 leases with FIBRA Prologis 84.1% of FIBRA Prologis' customers are or are affiliated with multinational companies (1) Our top 10 customers represent 24.2% of net effective rent Source: Prologis Research. Data as of March 31, 2023. 40% 3PL 23% E-Commerce Manufacturing Other Logistics 14% 23% CUSTOMER INDUSTRY %, NRA basis 21% 16% 14% FIBRA PROLOGIS 9% 9% 8% 8% 7% 5% 3% Retailer Auto Parts Multicustomer 3PL Electronics Note: Industry classifications do not sum to 100%; the balance (15%) is ascribable to units where 3PL customers have more than one industry type present. 1. As a percentage of net effective rent Healthcare Industrial Packaging Paper Goods Home Goods Apparel 12 22#13FIBRA PROLOGIS External Growth: Identified Future Growth Acquisitions. EXTERNAL GROWTH VIA PROLOGIS DEVELOPMENT PIPELINE (MSF) FIBRAPL Portfolio 43.6 60.3 Prologis Land Bank And FIBRAPL Expansion Land Based On Buildable SF 2.5 2.2 4.5 Prologis & FIBRAPL Development Pipeline Land Bank & Expansion Land(1) 5.3 11.4 ■Mexico City ■Guadalajara ■Monterrey Reynosa Juarez ■Tijuana Data as of March 31, 2023 1. Based on buildable square feet. UNIQUE COMPETITIVE ADVANTAGE Proprietary access to Prologis development pipeline at market values Exclusive right to third-party acquisitions sourced by Prologis 38% growth potential in the next 3 to 4 years, subject to market conditions and financial availability PROLOGIS AND FIBRAPL DEVELOPMENT PIPELINE GLA % (MSF) Leased Mexico City 1.2 14.4% Monterrey 0.8 100.0% 1.8 0.3 0.1 Ciudad Juarez 1.5 85.3% Tijuana 0.7 100.0% Reynosa 1.1 75.5% Total 5.3 71.6% 13#14Investor Presentation Strong Financial Position BBB/BBB+ rated by Fitch/HR Ratings¹ DEBT METRICS Total debt Wtd avg rate USD denominated 1Q2023 $920M 4.0% DEBT MATURITY SCHEDULE (USD$ in millions) FIBRA PROLOGIS Unsecured Debt Secured Debt 100% Wtd avg term 7.3 yrs Available liquidity USD² $597 M $175 $150 $125 $125 $125 Fixed debt 100% $100 $80 $25 $15 BOND DEBT COVENANTS (RATIOS) Bond Metrics 1Q23 (I & II) 2023 '26 '28 '29 '30 '31 '32 '33 '36 2039 ... Leverage ratio 23.5% <60% Cash Interest Rate: (%) 4.9 4.1 3.2 4.1 3.7 4.1 3.5 - 3.8 3.9 Secured debt leverage 4.5% <40% 1Q23 Internal limit 1Q23 Internal limit Fixed charge coverage 6.2x >1.5x LTV FMV 20.7% 35% LTV GAV 27.5% 40% Leverage according CNBV 22.8% <50% Data as of March 31, 2023. 1. A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time by the rating agency 2. Liquidity is comprised of US$97M of cash, US$400M undrawn from unsecured credit facility including accordion feature for additional US$100M. 14 14#15Best Practices Oriented to Create Value FIBRA PROLOGIS Prologis Park Salvacar, Juarez 15#16Strong Sustainability Focus • • GOALS SOLAR PROJECT Net zero and GHG Emissions: Achieve net zero by 2040 for Scope 1, 2 and 3 emissions. • Cheaper energy • Building Certification: Achieve sustainable certification for 100% of operating portfolio (by area) (2021 baseline). Expected to be finished by 2025 Investment made by Prologis • LED Lighting: Install 100% LED lighting across our portfolio by 2025. Community Engagement: Achieve 1,400 hours of volunteer annually. Logistics Workforce Training: Train +700 people in logistics by 2025 (2022 baseline). Ethics: Ensure 100% of employees complete ethics training each year RECOGNITIONS AND RATINGS GRES B ✶✶✶✶ ✶ 2021 Industrial Regional Sector Leader for 3rd year in a row Nuevo indice ESG S&P/BMV Mexico Total ESG Index MEMBER OF Dow Jones Sustainability Indices In Collaboration with RobecoSAM S&P/BMV Total Mexico ESG Index Dow Jones Sustainability Index (MILA Pacific) SUSTAINALYTICS ESG Risk Rating MSCI ESG RATINGS A Low 11.0 Risk CCC B BB BBB A AA AAA FIBRA PROLOGIS#17World Class Corporate Governance Alignment with Certificate Holders FIBRA PROLOGIS GENDER TENURE 30 30 30 30 30 Women Men 78% DIVERSE AND EXPERIENCED TECHNICAL COMMITTEE¹ Luis Gutiérrez President for Latin America Prologis Inc Eugene F. Reilly Vice Chairman Prologis Inc Edward S. Nekritz Chief Legal Officer Prologis Inc Dan Letter President Prologis Inc Alberto Saavedra Partner Santa Marina y Steta Gimena Peña Malcampo CEO and Co-Founder Pier2 Marketing Miguel Álvarez del Río CEO Finaccess Mexico Mónica Flores Barragán President for Latin America ManpowerGroup KNOWLEDGE, SKILLS AND EXPERIENCE QUALIFICATIONS Carlos Elizondo Mayer-Serra Dr. Political Science Oxford University COMPOSITION INDEPENDENCY Prologis Member 44% Independe nt 56% . MF CE . . . LG ER EN DL AS GP MA Real Estate/Logistics • CEO/Executive Management Strategic Planning Finance/Accounting Regulatory Risk Management . . . . . . . . . . 1. Technical Committee members are ratified annually by certificate holders 22% 0-5 years 6+years MANAGING CONFLICT OF INTEREST • Only independent members may vote for related-party transactions, such as purchasing stabilized assets from our sponsor, Prologis Prologis' 44.3% ownership of FIBRA Prologis, demonstrates alignment with certificate holders Three committees: Audit Committee (100% independence), Practices Committee (100% independence), Indebtedness Committee (67% independence) 17 12#18B.S. XPRES Strong Sponsor amazon fulfillment TRE TRS FIBRA PROLOGIS Prologis Park Grande, Mexico City 18#19Strong Sponsor US$208 B Assets under management US$5.0 B 2022 Annual Net Operating Income A/A3 Credit Ratings 19 1.2 B 5,489 6,600 Countries Square Feet Buildings Customers Note: Information as of March 31, 2023 Prologis El Encino#20Tado Liverpool en dick Todo Liverpool en un dick Appendix Liverpool Todo Liverpool en un click COMPRAEN verpool.comme Tode FIBRA PROLOGIS 111 112 113 114 115 Liverpool en un click Liverpool un click Tad ivecod indick H Prologis Park Izcalli, Mexico City 20#21Investor Presentation 2023 Guidance FIBRA PROLOGIS Low High 0.1900 (A) $ 0.1800 US Dollars in thousands except per CBFI amounts FX = Ps$20.5 per US$1.00 Financial Peformance Full year FFO, as modified by FIBRA Prologis, per CBFI (excludes incentive fees) Operations Year-end occupancy Same store cash NOI change Annual capex as a percentage of NOI Capital Deployment Building Acquisitions Building Dispositions Other Assumptions G&A (Asset management and professional fees) Full year 2023 distribution per CBFI (US Dollars) (B) SS 97.0% 98.0% 5.5% 7.5% 13.0% 14.0% 250,000 $ 450,000 $ 50,000 $ et e $ 31,000 0.1300 $ SS $ 34,000 0.1300 A. B. FFO (as modified by FIBRA Prologis) guidance excludes the impact of Mexican Peso movements as U.S. Dollar is the functional currency of FIBRA Prologis. G&A excludes any potential incentive fee. 21 21#22Investor Presentation Creating Value for Certificate Holders TOTAL RETURN OF CBFIS IN MEXICAN PESOS June 4, 2014 - March 31, 2023 300% 243% 50% 237% 198% 90% FIBRA PROLOGIS FIBRA PROLOGIS Peer A Peer B Peer C Peer D FIBRA Index Stock Return Dividend Return FIBRAPL DISTRIBUTIONS PER CBFI (USD$) & AFFO PAYOUT RATIO (%) (1) $0.14 5.8% CAGR 0.1240 0.1182 $0.12 0.1100 0.1000 0.1240 0.1300 0.1200 0.1075 0.0990 $0.10 (2) 0.0756 $0.08 $0.06 $0.04 $0.02 $0.00 101% 91% 94% 94% 95% 97% 81% 80% 85% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023E Source: Bloomberg, company filings. FIBRA Prologis' initial public offering was June 4, 2014. Peers include Terrafina, FIBRA Uno, FIBRA Macquarie and Vesta. 1. 8-year CAGR based on annualized 2014 figures. 2. Represents annualized distributions for 2014 based on period from June 4, 2014 through December 31, 2014. FIBRAPL at IPO price. Since IPO the distribution was US$0.0435, this was used for the AFFO payout ratio. 22 22#23Investor Presentation Historical Operating Performance ELEVATED PERIOD-END OCCUPANCY (%) 97.9 97.6 97.3 97.4 97.1 96.8 96.5 96.3 FIBRA PROLOGIS 98.9 98.4 Q414 Q415 Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q123 STRONG POSITIVE RENT CHANGE ON ROLLOVER (%) 13.4 8.9 9.5 14.7 Q414 SLLO 10.3 9.7 11.8 13.2 10.9 14.0 13.815.1 16.0 16.3 13.5 13.9 13.2 80 8.3 8.0 10.5 4.0 Q215 Q315 Q415 Q116 Q216 Q316 Q416 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Data as of March 31, 2023 Q418 Q119 Q219 Trailing 4Q Q319 Q419 Q120 24.6' 626.7 19.6 15.2 11.3 Q220 Q320 Q420 Q121 77 74 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 38.5 223 23#24Investor Presentation Historical Growth NOI GROWTH Millions of USD 280 240 200 160 120 80 40 0 ADJUSTED EBITDA GROWTH Millions of USD FIBRA PROLOGIS 240 200 160 120 ul. ll. 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 80 40 2015 2016 2017 2018 2019 2020 2020 2022 1Q23 FFO GROWTH Millions of USD AFFO GROWTH Millions of USD 200 140 120 150 100 80 100 50 IIII 60 40 20 0 0 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 2015 2016 2017 2018 2019 2020 2021 2022 1Q23 Data as of March 31, 2023. Note: For comparative purposes, incentive fees paid to FIBRAPL's sponsor in 2017, 2018, 2019, 2021 and 2022 have been excluded, as has the impact on realized exchange losses/gain from VAT in 2015 and 2020. 24#25Investor Presentation Historical Credit Metrics DEBT % OF INVESTMENT PROPERTIES FIXED CHARGE COVERAGE RATIO 40% 30% 20% 7x 6X 5X 4X 3 X 2X 10% 1 X 0 0% Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q123 DEBT TO ADJUSTED EBITDA 6X 5X XXX x 。 4X 3X 2x 1x Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q123 FIBRA PROLOGIS Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q123 LIQUIDITY¹ Millions of USD 750 600 450 300 150 Q416 Q417 Q418 Q419 Q420 Q421 Q422 Q123 Data as of March 31, 2023. Note: On April 6, 2020, FIBRA Prologis acquired Prologis Park Grande for US$353M, including closing costs but excluding VAT. The information displayed on this page does not reflect that acquisition. 1) Liquidity for the 1Q23 is comprised of US$97M of cash, US$400M undrawn from unsecured credit facility. Includes accordion feature for additional US$100M. 25#26Investor Presentation Portfolio Growth Since IPO GROSS LEASABLE AREA Thousands of SF, June 4, 2014 through March 31, 2023 FIBRA PROLOGIS 45,000 41,000 4.4% CAGR 37,000 33,000 29,000 25,000 IPO 4Q 2014 4Q 2015 4Q 2016 4Q 2017 4Q 2018 4Q 2019 4Q 2020 4Q 2021 4Q 2022 1Q 2023 REAL ESTATE PORTFOLIO (1)(2)(3) Thousands of USD$ +147% Total $4,200 $3,700 $3,200 $2,700 $2,200 $0.9 B $1.4 B $3.9 B $1,700 $1,200 $1.6 B $700 IPO Portfolio Historic Acquisitions Value Since IPO Value Creation Total As of 31-Mar-2023 1. Based on 3rd party appraisals. 2. IPO was June 4, 2014. 3. Post-IPO acquisitions were completed between 2014 and 1Q23, including growth in appraised value. 26#27Investor Presentation Fee Structure Transparent and Aligned Administration Fees Operating Fees Fee Type Property Management Leasing Commission Only when no broker is involved Construction Fee / Development Fee Asset Management Calculation Payment Frequency 3% x collected revenues New leases: 5% x lease value for <6 yrs; 2.5% x lease value for 6-10 yrs; 1.25% x lease value for > 10 yrs Renewals: 50% of new lease schedule Monthly ½ at closing 12 at occupancy 4% x property and tenant improvements and construction cost Project completion 0.75% annual x appraised asset value Quarterly Hurdle rate 9% High watermark Yes Incentive Fee 10% Currency 100% in CBFIS 6 months Lock up Annually at IPO anniversary FIBRA PROLOGIS 27#28Investor Presentation Strategic Acquisition of Prologis Completed April 2020 . Prologis Park Grande Location: Mexico City Land Size: 212.3 acres, 9.3 MSF • GLA: 3.9 MSF • 100% leased Unique Competitive Advantage: • • State of the art logistics park focused on e- commerce customers and consolidation of 3PL customers Strategically located in the land constrained premier Class-A building corridor of Mexico City GONÇALVES TRUPER MARY KAY B-6 Ryder B-7 B-5 B-8 vf Hasbro B-2 mercado libre 1.0 MSF B-4 Note: On April 6, 2020, FIBRA Prologis acquired Prologis Park Grande for US$353M, including closing costs but excluding VAT. G DIAGEO B-1 1.0 MSF amazon FIBRA PROLOGIS B-3 GEODIS 28#29Investor Presentation Mexico City 50 km Adolfo Lope Miteas In Airport 40 km Nicolas Romero 週 30 km 57 Prologis Park Grande 1-8 Prologis Park Grande Land Prologis Cambal 1-3 Prologis Cedros 1-10 Prologis Ladero Land Prologis tocall 1-4 Prologis Tres Rios 1-10 + Land Prologis Laurel 1-2 Cuautitian Izca Prologis Alamos 1-7 Coacalco Prologis Encino Prologis Fresno 1-2 Ecatepec de Morelos Prologis Mesquite 1-3 Prologis Agave 1-5 Tlalnepanta Santa Clara 20 km Prologis Vallejo DC 1-3 Naucalpan 57 Prologis Pantaco 10 km Prologis Santa Maria 1-2 Las Lomas Santa Fo Polanco Mexico City Apart Notzahualcoyotl Covoacan 190 Los Reyes Prologis Iztapalapa D Industrial Corridors Development Properties & Land Prologia Stabilized Assets FIBRAPL A8sets FIBRA PROLOGIS 29#30Investor Presentation Guadalajara CORDILLERAS ADOLFO LOPEZ MATEOS SUR HIDALGO Guadalajara LAZARO CARDENAS San Pedro Tlaquepaque M. LOPEZ DE LEGAZPI Prologis Jalisco 1-5 REVOLUCION Guadalajara Downtown 1 10 km Toluquilla 80 CAMINO A LOS GAVILANES Santa Maria Tequepexpan Tonala San Sebastianito Prologis EL Bosque San Pedrito San Martin De Las Flores Los Gavilanes Prologis Periferico Sur 100-500 Prologis Los Altos 1-3 & 13-15 • Santa Anita La Calerilla To Port of Manzanillo 208 /332 km Santa Cruz Del Valle AVENIDA ADOLF B. HORNS JR. Concepcion San Sebastian Del Valle La Union Del Cuatro. El Grande • Tlajomulco Tlajomulco De Zuniga Circuito Sur Don Miguel Hidalgo International 80 Santa Rita AUTOPISTA A ZAPOTLANEJO A ZAPOTLANEJO CARRETERA LIBRE La Aurora To Monterrey (via NAFTA) 490 mi/789 km 15D To Mexico City 337 mi/542 km 20 km El Quince San Jose ● El Salto Anilia Periferico Del Castillo K CARRETERA A EL SALTO 23 Circuito Sur Circuito Sur Cajititlan La Calera Prologis Arrayanes 1-4 Juanacatlan 30 km FIBRA PROLOGIS Industrial Corridors Development Properties & Land Prologis Stabilized Assets FIBRAPL Assets 30#31Investor Presentation Monterrey ть Santa Catarina Saltillo 52mi/85 km To Mexico City 580 mi/933 km 40 Anillo Periferico 53 General Escobedo ARCO VIAL To Laredo, TX Cienega de Flores 851 143 mi/230 km CAMINO SANTA ROSA APODACA Prologis Apodaca 1-6 & 11-12 + Land Prologis Agua Fria 1-4, 6 & 8+ Land 54 Prologis Ojo de Agua 1 Apodaca Prologis Apodaca Building 9 Adolfo Lopez Mateos San Nicolas de los Garza 10 km 85 AVENIDA FIDEL VELAZQUEZ Garza Garcia Av. Adolfo Ruiz Cortinez Monterrey Avenida Lázaro Cárdena Guadalupe 40 Prologis Monterrey 6-13 General Mariano Escobedo International Airport Anillo Periferico Carr. A Reynosa 40 To Matamoros 200 mi/323 km To Reynosa 140 mi/226 km 20 km Juárez FIBRA PROLOGIS Industrial Corridors Development Properties & Land Prologis Stabilized Assets FIBRAPL Assets 31#32Investor Presentation Tijuana Coronado Heights San Diego Imperial Beach Lib Libramiento Sur 125 805 Carretera Tijuana Ensenada Rosarito 1 Via Pani Oriente Poniente Tijuana Avenida Internacional Prologis Otay 1-10 Prologis Otay Sur 1 Calzada Tecnologico Prologis Frontera Prologis Pacifico 1-11 10 km Prologis Alamar 1-3 Prologis Otay Sur 2 BOULEVARD 2000 2D Prologis Pacifico 12,14-18 20 km Presa Rodriguez Tijuana a Tecate Prologis Encantada 1-9 Prologis Insurgentes 1-4 Prologis Colinas 1-2 HERGO 2 Prologis TAE Building 1-2 Prologis El Florido 1-2 FIBRA PROLOGIS Industrial Corridors Pipeline Assets FIBRAPL Assets 32#33Investor Presentation Ciudad Juárez 62 Bridge of the Americas. Border Hwy 110 El Paso Prologis Aztec 1-2 Ciudad Juarez 45 10 Rio Grande TEXAS Prologis Bermudez 1-2 Blvd. Gomez Morin MEXICO Av. Henequen Juarez International Airport Prologis Salvarcar 1, 3-7 Prologis Centro Industrial Juarez North & South Prologis Centro Industrial Juarez 10-18 Manuel Talamas Camandari Independencia Prologis Del Norte 1-3 20 Prologis Rio Bravo 10 km Prologis Independencia 1-5 FIBRA PROLOGIS Industrial Corridors Development Properties & Land Prologis Stabilized Assets ☐ FIBRAPL Assets 33.#34Investor Presentation Reynosa Prologis Villa Florida 1-2 To Monterrey 140 mi/226 km Prologis Del Norte II 3-4 2 Anzalduas International Trade Bridge 115 Hidalgo 40 40 Reynosa Prologis Del Norte 1-2 40 固 McAllen- Hidalgo- ntl. Bridge Ave Universidad MEXICO TEXAS Rio Grande Pharr-Reynosa International Bridge Prologis Palm Prologis Reynosa 11 Prologis Reynosa 1-8 Reynosa International 97 Airport Reynosa-Cd. Victoria Hwy 281 Prologis El Puente 1-3 To Matamoros 60 mi/98 km Prologis Pharr Bridge 1-2,4-8 & 10-11 Prologis Colonial Industrial Corridors Pipeline Assets FIBRAPL Assets FIBRA PROLOGIS 34#35FIBRA PROLOGISⓇ

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Q4 & FY22 - Investor Presentation image

Q4 & FY22 - Investor Presentation

Financial Services

FY23 Results - Investor Presentation image

FY23 Results - Investor Presentation

Financial Services

Ferocious - Plant Growth Optimizer image

Ferocious - Plant Growth Optimizer

Agriculture

Market Outlook and Operational Insights image

Market Outlook and Operational Insights

Metals and Mining

2023 Investor Presentation image

2023 Investor Presentation

Financial

Leveraging EdTech Across 3 Verticals image

Leveraging EdTech Across 3 Verticals

Technology

Axis 2.0 Digital Banking image

Axis 2.0 Digital Banking

Sustainability & Digital Solutions

Capital One’s acquisition of Discover image

Capital One’s acquisition of Discover

Mergers and Acquisitions