GLP Global Footprint and Financial Highlights

Development: Track Record US$ millions (GLP share) 33% 24% Development Profit Track Record 36% GLP 27% 25%1 $1,350 $1,150 $250 $1,000 $250 $700 $200 $650 $150 $200 $1,100 $900 $800 $500 $500 FY13 FY14 FY15 ■Development Cost Development Profit Diversified Sources of Capital ✓ Growing Fund Management Platform Note: 1. 234 - Third-party equity - Capital recycling Solid Balance Sheet US$1.5 billion² of cash - Significant debt headroom with low look-through leverage of 30%2 FY16 FY17E Development Profit Margin Components of Development Value Creation Performance Fees³ Recurring Fees4 Recurring and performance fees from partners' share of capex enhance GLP's returns by 300-500 bps Development profit GLP generates ~25% development profit margin upon stabilization Development Value Creation Based on development stabilizations for the period and reflects total development profit upon stabilization Pro-forma figures assume GLP's -10% equity stake in GLP US Income Partners III Assumes all requisite triggers are satisfied Potential recurring fees and other fees based on the AUM and fee structure of GLP's existing funds. Performance fees assume all requisite triggers are satisfied and not discounted 11

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