GLP Global Footprint and Financial Highlights
GLP's Strategy
Market Leader
•
Leading positions in the best markets globally
•
Leverage size and scale to grow with customers and
serve them in multiple locations
#1 China
#1 Japan
H
GLP
Strong Recurring Income
Rental revenue from property operations
Development profit
Fund management fees – key area of growth
GROUP
LEASE RATIO
DEVELOPMENT
PROFIT 1
#2 US
#1 Brazil
92%
US$200m
FUND MGT FEES 2
US$150m
(+39% yoy)
Note:
Disciplined Capital Allocator
Development driven by demand
Disciplined growth and capital allocation to achieve
NAV growth and optimize risk-adjusted returns
CORE DEVELOPMENT
MARKETS
China & Japan
INDICATIVE DEMAND
>1.5x
BEFORE COMMENCING
DEVELOPMENT
Resilient Financial Position
Solid balance sheet and diversified capital base
(debt, cash, third party capital)
Capital recycling opportunities via fund
management platform
LOOK THROUGH
LEVERAGE 3
30%
FUND MANAGEMENT
US$12bn
UNCALLED CAPITAL
1. Based on FY17 expected completions of approximately US$800 million (GLP share) and 25% target development profit margin upon stabilization
2. Fund management fees generated in FY16
3. Net debt to assets; pro-forma figures assume GLP's equity stake in GLP US Income Partners III is syndicated down to -10%
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