#1Financial Results for the full year ended 30 September 2023 10 November 2023 FRASERS PROPERTY Frasers Property Logistic Center (Bangplee 7), Samut Prakan, Thailand#2Important notice • • Statements in this presentation constitute "forward-looking statements", including forward-looking financial information. Such forward-looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Frasers Property Limited ("Frasers Property" or the "Company") and its subsidiaries (together with Frasers Property, the "Group"), or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. Because these statements and financial information reflect Frasers Property's current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information as a result of these risks, uncertainties and assumptions and you are cautioned not to place undue reliance on these statements and financial information. Frasers Property expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in Frasers Property's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST") and/or any other regulatory or supervisory body or agency. This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys and forecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. While Frasers Property has taken reasonable steps to ensure that the information is extracted accurately and in its proper context, Frasers Property has not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein. Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your independent advisors. Any discrepancies in the figures included herein between the listed amounts and total thereof are due to rounding. We are Frasers Property 2#3Glossary Frasers Property entities ARF AsiaRetail Fund Limited FCT: Frasers Centrepoint Trust FCOT: Frasers Commercial Trust FHT Frasers Hospitality Trust FLT: Frasers Logistics & Industrial Trust FLCT: Frasers Logistics & Commercial Trust FPA : Frasers Property Australia FPHT: Frasers Property Holdings Thailand Co., Ltd FPI Frasers Property Industrial FPL or Frasers Property: Frasers Property Limited Other acronyms ADR Average daily rate AEI: Asset enhancement initiative AOR: Average occupancy rate ARR: Average rental rate AUM Assets under management EU: European Union FY Financial year GDP Gross domestic product GDV Gross development value GFA: Gross floor area JO Joint operation JV Joint venture We are Frasers Property FPT: Frasers Property (Thailand) Public Company Limited FTREIT: Frasers Property Thailand Industrial Freehold & Leasehold REIT GOLD Golden Land Property Development Public Company Limited GOLDPF Gold Property Fund GVREIT Golden Ventures Leasehold Real Estate Investment Trust The Group: Frasers Property Limited, together with its subsidiaries N/M: Not meaningful NLA Net lettable area NSW QLD : New South Wales Queensland Q-o-Q Quarter-on-quarter REIT Real estate investment trust RevPAR: Revenue per available room SBU Strategic business unit sqm Square metres UK United Kingdom VIC: Victoria WALE Weighted average lease expiry Y-o-Y: Year-on-year Additional notes • • • • • о о In the tables, the arrow direction indicates the increase (up) or decrease (down) of the absolute figure. The colour indicates if the change is positive (green), negative (red) or neutral (black). Any change over 200% is indicated as N/M. In the tables and charts, any discrepancy between individual amount and the aggregate is due to rounding. Profit & loss and balance sheet numbers include the Group's SGX-listed REITs as they are consolidated, SET- listed REITs are equity accounted as associates, unless otherwise stated. PBIT includes the Group's share of fair value change and exceptional items of JVs and associates, unless otherwise stated. All exchange rates are as at period end, unless otherwise stated. S$/A$ 0.8787 (FY22 - S$/A$: 0.9188) S$/€ 1.4441 (FY22 - S$/€ 1.4074) S$/THB 0.037300 (FY22 - S$/THB 0.0379) S$/1,000 VND 0.056070 (FY22 - S$/1,000 VND : 0.06024) 。 S$/RMB: 0.187000 (FY22 - S$/RMB: 0.2016) S$/£ 1.6671 (FY22 - S$/£: 1.6037) 3#4The Grove, VIC, Australia Contents Key Highlights Results and Financials Business Unit Highlights • Singapore . Australia • • Industrial Hospitality Thailand & Vietnam Others Appendices 4#5NEX, Singapore ASH Key Highlights FRASERS PROPERTY 5#6Contributions from improved operations cushioned valuation impact Revenue S$3,947.1 m ▲ 1.8%1 Cash & deposits S$2.7 b ▼ 20.0%1 PBIT2 S$1,313.2 m ▲ 5.1%1 Total assets S$39.8 b 1.0%1 Attributable profit S$173.1 m ▼ 81.3%1 1. In comparison to FY22. 2. Profit before interest, fair value change, tax and exceptional items. We are Frasers Property $ Dividend per share 4.5 cents ▲ 50.0%1 6#7Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Entering the next phase of Frasers Property's value creation journey FRASERS PROPERTY DIVERSIFIED GROWTH FY13 - FY17 FY13 Total Property Assets 1 S$11.8 billion FY17 Total Property Assets 1 S$23.1 billion Expanded platforms in Australia and Europe • Entered industrial and logistics CONSOLIDATE FY18 - FY22 Built business platforms with appropriate scale and focus · Multinational integrated industrial & logistics platform Scaled retail platform focused on strategically located malls in Singapore Leading multi-asset class real estate presence in Thailand RESILIENCE FY23 onwards Scalable and resilient multinational industrial & logistics real estate portfolio Leading suburban retail owner-operator in Singapore Strong Southeast Asia presence Cementing foundation to sustain long-term resilient business • Deepen asset class capabilities through Group-wide centres of excellence Continue to invest in core capabilities such as digitalisation, innovation and ESG 1. Certain restatements have been done to facilitate comparability with current year's presentation. 7#8Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms A decade of reshaping portfolio and building competitive business platforms Building scalable and competitive asset class platforms – broadening our core capabilities in resilient asset classes DIVERSIFIED GROWTH - FY13 to FY17 Invested across asset classes to enhance portfolio resilience and quality of earnings CONSOLIDATE FY18 to FY22 Built focused business platforms in asset classes with robust long-term fundamental demand RESILIENCE - FY23 onwards Deepening asset class capabilities and continuing to invest in alignment with sectoral structural trends Total: S$34.2 b Property assets¹ by asset class Total: S$11.8 b Retail, S$3.2b, 27% Commercial & Business Parks, S$2 4b 20% Hospitality, S$1.7b, 15% Residential, S$4.5b, 38% 30 Sep 13 Total: S$28.1 b 11% CAGR2,4 Industrial & Logistics, S$11.2b, 33% Industrial & Logistics, S$6.4b, 23% Retail, S$5.0b, 18% 19% CAGR 2,3 Commercial & Business Parks, S$7.2b, 26% Hospitality, S$4.7b, 16% Residential, S$4.8b, 17% 30 Sep 18 Retail, S$8.1b, 24% Commercial & Business Parks, S$6.7b, 20% Hospitality, S$4.3b, 12% Residential, S$3.9b, 11% 30 Sep 23 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 2. Compounded Annual Growth Rate. 3. In respect of the Group's total property assets. 4. In respect of the Group's industrial & logistics and retail property assets. We are Frasers Property 8#9Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms A decade of reshaping portfolio and building competitive business platforms Investing in balanced growth - diversifying exposure across developed and growth markets DIVERSIFIED GROWTH - FY13 to FY17 Grew our multinational presence CONSOLIDATE FY18 to FY22 Increased our exposure in markets where we could develop a sustainable competitive edge RESILIENCE - FY23 onwards Leveraging strong local country platforms to continue deepening geography and asset class capabilities China, S$0.9b, 7% Australia, S$2.1b, 18% EU & UK, S$0.8b, 7% Thailand, S$0.1b, 1% Others2, S$0.2b, 2% Total property assets¹ S$11.8 b Singapore, S$7.7b, 65% China, S$0.9b, 3% Singapore, S$11.7b, 42% Australia, S$8.0b, 28% Total property assets1 S$28.1 b China, S$0.8b, 2% Australia, S$9.4b, 27% Total property assets1 S$34.2 b Singapore, S$12.2b, 36% EU & UK, S$4.5b, 16% Others², S$0.7b, 3% EU & UK, S$6.5b, 19% Others2, S$1.0b, 3% Thailand, S$2.3b, 8% Thailand, S$4.3b, 13% 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 2. Including Vietnam, Malaysia, Japan, Indonesia, the Philippines and New Zealand. We are Frasers Property 9#10Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Scalable and resilient industrial and logistics platform Network positioned to support customers' businesses across geographies United Kingdom Germany Thailand The Vietnam Netherlands Indonesia Australia Portfolio well-positioned to capture opportunities from sector shifts Differentiated product offering through quality, sustainability and innovation supports healthy portfolio occupancy 福興 New leases/renewals ~1.5m sqm in FY23 on the back of continued robust demand Combined portfolio occupancy 1,2 93.1% supported by resilient demand and tight supply Benefit from in-house integrated approach Indonesia, S$0.1b, 1% Vietnam, S$0.2b, 1% Acquisition Thailand, S$4.1b, 31% Total I&L AUM 2,3 S$13.4b Australia, S$5.9b, 44% Capital Recycling End-to-End capabilities Development UK, S$0.2b, 1% EU, S$2.9b, 22% Leasing / Services 1. Weighted average by NLA of the Group's industrial & logistics assets in Australia, Germany, Indonesia, the Netherlands, Thailand, UK and Vietnam. 2. As at 30 September 2023. 3. Comprises industrial & logistics property assets in Australia, Germany, Indonesia, the Netherlands, Thailand, UK and Vietnam in which the Group has interest, as well as industrial & logistics assets held by FLCT. We are Frasers Property 10 10#11Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Leading suburban retail owner and operator in Singapore Malls are well-connected to transport network which underpins shopper traffic and retailers' demand for prime space Accessibility Connectivity to public . transport provides consistent feed of shopper traffic to the malls Convenience • Well-connected malls near homes and especially important in an era of hybrid work arrangement, for click-and-collect, last mile delivery and social meeting hubs Geographic coverage Located in high population density areas and serves an aggregate 2.6 million¹ catchment, representing close to half of Singapore's population Causeway Point Northpoint City MRT MRT Waterway Point MRT • Hougang Mall White Sands MRT MRT NEX Tampines 1 & Century Square MRT MRT • Positive scale and network effects Provides tenants the opportunity for store expansion across multiple locations Achieving operating efficiencies through scale and technology Value creation Track record in unlocking value through development and asset enhancement and proactive capital recycling ~1 million Frasers Experience (FRx) members Strong customer base to drive effective shopper loyalty programs Offer insights on shoppers MRT The Centrepoint MRT Resident Population Tiong Bahru Plaza & Central Plaza MRT Network • <50,000 Existing MRT Lines Robertson Walk 50,000 <150,000 Future MRT Lines • 150,000 <250,000 Frasers Property Malls 250,000 <300,000 1. Aggregate catchment population within 3km of each property in the portfolio. Population in overlapping areas are only counted once. Source: Cistri, 2022. We are Frasers Property 11#12Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Strong Southeast Asia presence Competitive edge in the world's fastest growing region¹ with ~680 million people² Largest suburban retail owner and operator in Singapore ~340,000 sqm Retail NLA³ 13 assets ~241,000 sqm Office NLA3 6 assets S$0.9 b 2 active projects Unrecognised residential revenue4,5 Thailand ●●●● Vietnam One of the largest industrial & logistics developers and owners in Thailand ~3.5 m sqm 975 assets ~247,000 sqm 5 assets S$0.05 b 78 active projects Industrial & Logistics NLA3,6 Office & Retail NLA3 Unrecognised residential revenue4,5 Cambodia Malaysia Singapore Fast-growing industrial & logistics platform in Vietnam ~40,000 sqm 8 assets ~640,000 sqm ~22,500 sqm Industrial & Logistics NLA3 Industrial & Logistics pipeline NLA3,7 total including under development and land bank Office NLA3 2 assets Established hospitality owner and/or operator across Southeast Asia ~4,600 keys ~1,300 keys 21 owned and/or managed properties in operation 7 owned and/or managed properties in the pipeline Indonesia The map above is a modified and/or derivative version of a work taken from commons.wikimedia.org/wiki/File:Southeast Asia blank political map.svg under a Creative Commons license. Residential Commercial / Business Parks Industrial & Logistics Hospitality Retail 1. Based on IMF's economic forecasts for 2024 and 2025. 2. imf.org/external/datamapper/LP@WEO/V/NM/IDN/PHL/MMR/MYS/KHM/LAO/THA/SGP/BRN 3. As at 30 September 2023. 4. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates at their effective share. 5. Including options signed. 6. Includes a portfolio of industrial and logistics assets in Indonesia with 149,656 sqm of NLA. 7. Including land pending completion of acquisition. We are Frasers Property 12#13Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on residential markets with more robust demand Prudent management of residential pipeline and strategic replenishment of landbank in tandem with market conditions ~6,100 units 1,2 sold in FY23 in line with historical average of 5,000 to 7,000 units sold annually over past decade units completed and -4,100 settled² S$ billion in FY23 3.0 Healthy level of unrecognised revenue² supports earnings visibility Total: S$2.6 b Total: S$2.6 b 0.05 FY23 pre-sold 2.5 0.1 ~2,300 units released for sale² 0.5 in FY23 Total: 2.0 0.9 Total: S$1.8 b S$1.6 b Total: 0.1 1.5 S$1.4 b 0.2 revenue amounted to S$2.6 billion 0.4 ~6,100 units sold 1,2 1.2 0.7 20 in FY23 1.0 1.3 1.0 1.1 0.5 0.8 0.9 ~12,300 pipeline units² 0.2 0.2 0.0 as at 30 September 2023 FY19 0.1 FY20 FY21 FY22 FY23 ■ Singapore ■ Australia ■ China ■Thailand 1. Including options signed. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. We are Frasers Property 13#14Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Active asset management drives stable leasing demand Leasing activities and occupancy rates remain healthy 1.8 million sqm of renewals and new leases¹ in total across the investment properties portfolio in FY23 Achieved positive rental reversion overall, underpinned by demand for our portfolio of quality assets Renewals and new leases in FY23 Maintained stable investment property occupancy rates ~1,500,000 sqm Industrial & logistics 99% 96% 55% 99% 92% 87% 88% 90% ~185,000 sqm Commercial & business parks Singapore retail Singapore office Australia Australia office 2 & EU industrial Thailand warehouse & factory Thailand office ~85,000 sqm Retail UK business Vietnam office park ■As at 30 Sep 213 As at 30 Sep 223 As at 30 Sep 23 1. Includes lease renewals and new leases for the Group's portfolio of industrial & logistics, commercial & business parks and retail properties. 2. Australia office portfolio metrics depressed due to the planned Lee Street tenancy relocation for the upcoming redevelopment into Central Place Sydney. 3. As per disclosed in the respective FPL results presentation. We are Frasers Property 14#15Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on longer-term value creation Disciplined drive for returns from investment properties across property cycles S$3.4 billion of total net¹ fair value uplift over FY18 to FY22 cushioned impact of FY23 net¹ fair value write-down Cumulative net¹ fair value change (S$b) total realised net¹ fair S$0.8 b value change from FY18 to FY22 S$2.6 b before tax and non-controlling interests ("NCI") total unrealised net¹ fair value change from FY18 to FY22 before tax and NCI total net¹ fair value S$3.0 b change from FY18 to FY23 before tax and NCI 0.7 0.2 0.5 0.9 1.1 -0.4 FY18 (restated)² FY19 FY20 FY21 FY22 FY23 Cumulative net¹ fair value change of S$3.0 billion from FY18 to FY23 1. Net of gains and losses. 2. Certain accounting policies or accounting standards had changed in the financial year ended 30 September 2019. Financial information for 2018 has been restated to take into account the retrospective adjustments on the adoption of the new financial reporting framework, Singapore Financial Reporting Standards (International) framework (SFRS(I)) and new/revised (SFRS(I)). We are Frasers Property 15#16Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Non-residential development pipeline fuels ongoing value creation Strategic land bank replenishment and steady delivery of non-residential development pipeline ~1.8 million sqm of non-residential developments completed over past five financial years from FY19 to FY23 85% of non-residential development completions in FY23 were industrial & logistics projects ~312,000 sqm total completed non-residential development projects² in FY23 ~1,122,000 sqm total non-residential development pipeline² as at 30 September 2023 ~8,060,000 sqm Total: 639,000 sqm 19.5 Total: 483,000 sqm 27.3 324.7 81.3 Total: 312,000 sqm 106.3 11.8 18.2 15.3 80.7 77.8 62.0 173.5 27.7 total non-residential land bank 65.4 Delivered in FY23 as at 30 September 2023 FY24 pipeline 100.8 51.3 45.4 144.4 FY25 and beyond pipeline 1. As at 30 September 2023. 2. Comprises I&L, commercial & business parks and retail developments. We are Frasers Property ■Thailand Industrial & Logistics UK Industrial & Logistics Australia Industrial & Logistics ■China Commercial & Business Parks ■Thailand Retail ■China Retail Vietnam Industrial & Logistics ■EU Industrial & Logistics ■UK Commercial & Business Parks ■Australia Commercial & Business Parks ■Australia Retail 16#17Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Continue unlocking of value and capital optimisation Via the Group's REITs, capital partnerships, sales to third parties, and redevelopment S$5.0 b S$0.3 billion of total value unlocked in FY23 S$19.1 billion of non-REIT property assets on balance sheet as at 30 September 2023 value unlocked via the Group's REITs¹ from FY18 to FY22 Hermes mes Hermes Mainz Facility, Germany value unlocked via S$1.5 b capital partnerships² from FY18 to FY22 FRASERS TOWER Frasers Tower, Singapore S$1.3 b of non-REIT assets sold to third parties³ from FY18 to FY22 Central Park Retail, Sydney, Australia S$0.4 b of property assets being redeveloped to unlock highest and best use returns Bedok Point → Sky Eden@Bedok, Singapore Tiong Bahru Plaza, Singapore Northpin Northpoint City, Singapore Fraser Suites Beijing, China Henry Deane + Gateway Central Place Sydney, Australia NB. All references to REITS includes the Group's REITS and Stapled Trust. 1. Includes total value of assets; call-option properties based on date of signed agreement. 2. Includes proportionate value of assets divested. 3. Includes divestment of investment properties, assets held for sale and properties, plant and equipment. Excludes divestment of properties held for sale and divestment of assets or properties by REITs. We are Frasers Property 17#18Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms REITs platform supports the Group's strategic objectives Enhancing the Group's income streams and capital productivity REITs have scaled up and strengthened over time through active portfolio rebalancing FLCT and FCT are among the top ten S-REITs by market capitalisation as at 30 September 2023 S$6.0 b combined value of assets acquired by REITs from the Total: S$17.5 b GVREIT, S$0.4b Group and third FTREIT, S$1.9b Total: S$14.0 b parties from FY19 to FHT, FY23 GVREIT, S$1.9b FTREIT, S$0.5b S$1.7b combined value of FHT, S$2.3b assets sold by FLCT, S$6.4b S$1.8 b REITs to third parties from FY19 to FLCT, FY23 S$5.6b combined gains from FPL market capitalisation $3,278.3m 6 Total implied value of FPL's SGX-listed REIT effective holdings was 81% of FPL's market capitalisation as at 30 September 2023 $2,645.6m $2,379.0m FCT, S$6.9b assets 5 sold by S$0.5 b REITs to third FCT, S$3.9b parties from FY19 to FY23 FY19 REITS assets under management 2 FY23 REITS assets under management¹ FY193 FY23 ■Implied value of SGX-listed REIT holdings 7 NB. All references to REITS includes the Group's REITS and Stapled Trust - FCT, FLCT, FHT, FTREIT and GVREIT. 1. As announced by the REITS. 2. Based on exchange rate S$1 : THB0.045 and S$1 A$0.9307. 3. Includes market capitalisation of FCOT, which was merged with FLCT and delisted in FY20. 4. Excluding FTREIT and GVREIT. 5. Aggregate of difference between divestment and acquisition value of divested assets. 6. FPL share price was S$0.835 as at 29 September 2023. 7. Aggregate of FPL's holdings in each REIT multiplied by the market capitalisation of the respective REIT. We are Frasers Property 18#19Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Well-established multi-asset class and multi-geography business Leveraging domain knowledge and synergistic platforms to drive sustainable portfolio returns Synergistic end-to-end business space solutions provider across geographies Industrial & Logistics S$48.6 billion AUM¹ across five asset classes Suburban malls at transportation nodes catering to essentials Commercial & Business Parks Retail Long-stay and leisure lodging at key locations Hospitality Delivering quality homes across geographies Residential Australia, EU, Thailand, UK, Vietnam Australia, Singapore, Thailand, UK Australia, Singapore, Thailand Multi-geography Australia, China, Singapore, Thailand S$13.4 b AUM¹ S$9.8 b AUM1 S$12.5 b AUM¹ S$4.6 b AUM1 S$8.3 b AUM1 ~7.5 m sqm GFA ~1.2 m sqm ~463,000 sqm NLA NLA 73 cities ~110 active projects5 ~7.9 m sqm land bank ~1,100 ~223.3 m tenants annual shopper traffic² 21 countries ~12,000 pipeline units6 In FY23 In FY23 In FY23 In FY23 In FY23 ~1,500,000 sqm renewals and new leases ~185,000 sqm renewals and new leases ~85,000 sqm renewals and new leases ~16,800 units in operation4 ~4,000 homes settled 6 ~267,000 sqm facilities completed ~19,000 sqm facilities completed FLCT, FTREIT, GVREIT FHT units in the pipeline4 NB. All references to geographies refer to the Group's core markets for the asset class. 1. Comprises property assets in which the Group has an interest, including assets held by its REITs, Stapled Trust, JVs and associates. 2. Excluding Robertson Walk, Tampines 1 and NEX. 3. Refers only to Singapore portfolio excluding Tampines 1 and NEX. 4. Including properties under management. 5. Includes launched residential projects under development or with unsold units. 6. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 8.4% tenants' sales Y-o-Y growth³ ~3,600 S$2.6 billion unrecognised revenue6 FCT 19#20Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on improving quality and visibility of earnings 1 Increase development exposure PBIT from development and recurring income asset classes (S$'m) Total 2,440.5 Total 2,438.6 Total 2,077.4 Total 1,937.2 652 Total 1,471.2 944.9 1,076.2 Total 544.3 972.3 Fair Value Change 161.9 Leverage the Group's value 527.7 305.5 457.2 296.9 276.4 311.8 ■ Development creation capabilities; focus 1,087.4 on selected asset classes 897.7 997.5 1,038.4 1,065.5 1,142.1 Income ■Recurring Income and geographies 2 Drive recurring and capital returns from FY182 FY19 FY20 FY21 FY22 Core earnings and realised fair value changes (S$'m) (446.2) FY23 recurring income Total 521.6 Total 563.4 Total Total 447.1 asset classes 38.8 Total 439.7 | 213.3 I 382.5 47.6 40.9 Total 354.2 Through active asset 153.3 482.8 management; capital efficient structures 399.5 398.8 350.3 350.1 229.2 FY182 FY19 FY20 FY21 FY22 FY23 Realised Fair Value Change After Tax and NCI ■ Core Earnings 1. Attributable profit before fair value change and exceptional items. 2. Certain accounting policies or accounting standards had changed in the financial year ended 30 September 2019. Financial information for 2018 has been restated to take into account the retrospective adjustments on the adoption of the new financial reporting framework, Singapore Financial Reporting Standards (International) framework (SFRS(I)) and new/revised (SFRS(I)). We are Frasers Property 20 20#21Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms FY23 Sustainability Highlights Making meaningful progress on our processes and performance Carbon • • Remain committed to becoming a net-zero carbon corporation by 2050 As of FY23, eight out of nine business entities and all five real estate investment trust (REITs) have developed their net-zero carbon roadmaps Green Buildings • • 51% of the Group's owned and asset-managed properties (by GFA) are green-certified³ Strong uplift in overall scores at GRESB 2023 assessment, with Industrial and Singapore businesses named Regional Sector Leaders Resilience • All Frasers Property business entities including its five REITs have completed climate risk assessments Business entities¹ have received approval for its science-based targets from the SBTi Sustainable Financing • Arranged over S$11 billion of green or sustainability-linked loans and bonds2,3 Achieved full sustainability-linked funding for our Australian business Frasers Tower, Singapore 1. Frasers Logistics and Commercial Trust, Frasers Property Australia, Frasers Property Industrial, Frasers Property Vietnam and Frasers Property UK. 2. As at 30 September 2023. 3. Includes JVs' and associates' financing facilities which are not included in the FPL group consolidated financial statements. 21 21#22Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Group is well-positioned to capitalise on key real estate trends Significant housing undersupply in key markets will fuel demand AUSTRALIA forecasted housing demand- supply VIETNAM urbanisation rate Singapore's suburban retail malls continues to perform well • Undersupply of Undersupply of ~24k homes p.a.1 ~70m sqm of urban housing p.a.2 Multiple structural demand drivers for new industrial & logistics space Lower retail space per capita than other APAC cities Future supply tightly controlled Non-discretionary spending and services for local catchment resilient Continued role for physical shopping in omnichannel environment Global decarbonisation push driving demand for energy efficient buildings and flight to quality of new buildings to be super-low energy from 2030 (Singapore Green Plan)³ AU All new and redevelopment projects in Sydney to achieve net-zero energy use from 20264 Continued e-commerce growth (*: 80% "Just-in-time" to "Just-in-case" supply chains China+1 benefiting Vietnam & Thailand; near-shoring boosts Australia & EU SG Modern industrial & logistics space to improve logistics efficiency Figure sources: 1. National Housing Finance and Investment Corporation. 2. Vietnam Ministry of Construction. 3. SG Building Construction Authority 4. New South Wales government We are Frasers Property 22 22#23Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms STRONG MARKET PLATFORMS Well-placed for next phase of Frasers Property's evolution Underpinned by strong and focused business platforms and effective capital optimisation ASSET CLASS CAPABILITIES Residential Industrial & Logistics Retail Commercial & Business Parks Hospitality Development project track record and capabilities ✓ Resilient recurring and fee income streams ✓ Disciplined and consistent unlocking of value ✓ Strategic REITS platform and capital partners support the Group's capital optimisation Singapore Thailand & Vietnam Australia EU & UK We are Frasers Property 23 23#24Capri by Fraser, Phnom Penh, Cambodia FRASERS PROPERTY Results and Financials 24 224#25Improved PBIT mainly from residential developments and hospitality operations Improved earnings from operations partially offset by net fair value loss • Improved PBIT was mainly due to higher contributions from residential business, maiden contribution from the acquisition of the stake in NEX as well as improved results from hospitality operations Revenue FY23 FY22 • Higher interest rates adversely affected net earnings • Net³ fair value losses on business parks assets in the UK and I&L assets in Australia and the EU, partially offset by fair value gains from a retail-cum-hospitality property in Singapore PBIT Rivière, Singapore We are Frasers Property Financial Highlights Change S$3,947.1 m S$3,877.0 m ▲ 1.8% S$1,313.2 m S$1,249.2 m ▲ 5.1% APBFE1 S$350.3 m S$398.8 m ▼ 12.2% Fair Value ("FV") Change (net) (S$153.3 m) S$462.7 m N/M Exceptional Items ("El") (S$23.9 m) S$66.8 m N/M Attributable Profit S$173.1 m S$928.3 m ▼ 81.3% Basic earnings per share ("EPS") before FV change and El² 7.7 cents 8.7 cents 11.5% Basic EPS after FV change and El² 3.1 cents 22.2 cents 86.0% 1. Attributable profit before fair value change and exceptional items. 2. Calculated by dividing attributable profit (after distributions to perpetual securities holders) over weighted average number of ordinary shares on issue. 3. Net of gains and losses. 25 55#26Improved PBIT across majority of business segments Business Segment FY23 Singapore FY22 Change Remarks S$550.3 m S$536.4 m ▲ 2.6% Higher selling prices achieved for Rivière and maiden contributions from NEX Australia S$75.5 m S$80.8 m ▼ 6.6% Industrial S$352.5 m S$460.4 m ▼ 23.4% Hospitality S$129.0 m S$100.9 m ▲ 27.8% Thailand & Vietnam S$210.5 m S$100.2 m ▲ 110.1% Others1 S$72.8 m S$53.2 m ▲ 36.8% Corporate and others (S$77.4 m) TOTAL S$1,313.2 m (S$82.7 m) S$1,249.2 m ▼ 6.4% 5.1% Lower occupancies in commercial properties with the planned redevelopment of Central Place Sydney Lower contributions on the divestment of Cross Street Exchange in March 2022 and share of FV losses from the investment properties held through a JV Higher occupancies and higher room rates on portfolio basis Share of net FV gains from the investment properties held through JVs and associates, partially offset by lower operating PBIT due to absence of settlements of residential units for Q2 Thao Dien, Vietnam, and lower margins of residential settlements in Thailand Higher contributions from China due to sale of carpark units in Baitang One in Suzhou and higher contributions from the UK due to lower provision for cladding costs² on development projects Mainly due to lower share of losses from joint ventures and associates 1. Consists of China and the UK. 2. Provision for the cladding costs pursuant to The Building Safety Act coming into force in April 2022. We are Frasers Property 26#27Diversified across asset classes 89% of the Group's property assets 1 as at 30 September 2023 are in recurring income asset classes 78% Property assets 1 by asset class (S$b) Industrial & Logistics, 11.2, 33% Commercial & Business Parks, 6.7, 20% Residential, 3.9, 11% Total S$34.2 b Retail, 8.1, 24% Hospitality, 4.3, 12% of the Group's FY23 PBIT2 was from recurring-income based asset classes PBIT2 by income sources (S$m) Total 1,362 Total Total Total 1,191 1,261 Total 1,235 1,165 (32%) 442 (25%) 303 (27%) 311 (24%) 292 (22%) 275 (75%) 888 (73%) 854 (68%) 920 (76%) (78%) 986 943 FY19 FY20 FY21 FY22 FY23 ■Recurring Non-recurring 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 2. Excluding the Group's share of FV change and El of JVs and associates. We are Frasers Property 27#28Diversified across geographies 82% of the Group's property assets¹ are in developed markets of Singapore, Australia, EU & UK 83% Property assets¹ by geography (S$b) Thailand, 4.3, 13% China, 0.8, 2% Others, 1.0, 3% Total S$34.2 b EU & UK, 6.5, 19% Australia, 9.4, 27% of the Group's FY23 PBIT2 was generated from Singapore, Australia, EU & UK PBIT2 by geography (S$m) Total: (2%) 1,362 Total: Total: 22 (3%) Total: 1,191 Total: 43 1,235 1,261 (3%) (2%) 38 1,165 (4%) (3%) 34 42 (1%) 9 (10%) 139 53 (2%) (14%) 28 (12%) 157 (21%) 251 (22%) 255 170 (21%) 281 (20%) 249 (19%) 236 Singapore, 12.2, 36% 115 (10%) (15%) 185 (17%) 197 (16%) 187 (44%) 605 (26%) 309 (24%) 274 (25%) 303 (24%) 303 (36%) 451 (40%) 501 (24%) 281 (22%) 255 (18%) 241 FY19 ■Singapore FY20 ■Australia FY21 FY22 FY23 4 EU & UK Thailand China ■Others 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 2. Excluding the Group's share of FV change and El of JVs and associates. 3. Including Vietnam, Malaysia, Japan and Indonesia. 4. Including Vietnam, Malaysia, Japan, Indonesia, Hong Kong, New Zealand and the Philippines. We are Frasers Property 28#29Balance sheet remains resilient Key Financials As at 30 Sep 23 As at 30 Sep 22 Change 110% Keen focus on net debt / total equity as part of active capital management 105.0% Total equity1 S$18,199.9 m S$19,378.5 m ▼ 6.1% 100% Cash and bank deposits S$2,658.9 m S$3,322.4 m ▼ 20.0% 90% Net debt S$13,802.4 m S$12,566.9 m ▲ 9.8% 80% 3 75.8% 70% Net debt / Total equity 75.8% 64.8% ▲ 11.0 pp 73.7% 64.8% 60% Net debt / Property assets² 40.4% 37.5% ▲ 2.9 pp As at 30 Sep 20 As at 30 Sep 21 As at 30 Sep 22 As at 30 Sep 23 Net asset value per share³ S$2.52 S$2.64 ▼ 4.5% 1 Divestment of stake in ARF, FCT preferential offering, FPL rights issue and FLCT private placement Net tangible assets per share³ S$2.36 S$2.47 ▼ 4.5% 2 Divestment of stake in Cross Street Exchange and Sofitel Sydney Wentworth, and enlarged equity from profits Net interest cover4 3x 4x ▼ 1x 3 Mainly due to redemption of perpetual securities and acquisition of stake in NEX 1. Includes non-controlling interests and perpetual securities. Decrease in total equity from 30 Sep 22 to 30 Sep 23 is mainly due to redemption of perpetual securities, dividends paid, foreign currency translation losses and fair value loss on cash flow hedges. 2. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 3. Presented based on the number of ordinary shares on issue as at the end of the year. 4. Net interest excludes mark to market adjustments on interest rate derivatives and capitalised interest. We are Frasers Property 29 29#30Well-distributed debt maturities High proportion of fixed rate debt partially mitigates impact of high interest rates Key Financials As at 30 Sep 23 As at 30 Sep 22 Debt maturity profile Change S$ m Fixed rate debt¹ 72.4% 74.5% ▼ 2.1 pp 5,000 4,487 4,500 Average weighted 4,010 2.6 years 2.8 years 0.2 years 3,858 debt maturity 4,000 Average cost of debt on portfolio basis 3.5% p.a. 2.7% p.a. ▲ 0.8% p.a. 3,500 3,000 2,834 2,824 Sources of debt² 2,442 2,329 2,500 2,000 Bonds S$3,090 m, 27% Green and 1,499 1,511 1,500 sustainable 1,163 financing 1,000 S$4,673 m, Total 41% S$11,531 m² 500 0 FY2024 FY2025 FY2026 FY2027 FY2028 1. Includes debt that is hedged. 2. Excluding REITS / Stapled Trust. We are Frasers Property Loans S$8,441 m, 73% 521 514 >FY2028 Including REITs / Stapled Trust Total: S$16,461 m Excluding REITs / Stapled Trust Total: S$11,531 m 30#31Dividends FY23 First and Final Dividend 4.5 Singapore cents Total Dividend 4.5 Singapore cents Dividend Yield Payout Ratio (based on Core Earnings 1)² 5.9% (based on FPL closing share price of S$0.765 on 10 Nov 2023) ~ 51% 1. Attributable profit before fair value change and exceptional items. 2. Before distributions to perpetual securities holders. FY22 3.0 Singapore cents 3.0 Singapore cents 3.4% (based on FPL closing share price of S$0.87 on 10 Nov 2022) - 30% 31#32Rivière, Singapore ΠΕ FRASERS PROPERTY Business Unit Highlights Singapore 22 32#33Singapore development projects on track for completion • • • • • Sold 100% 1 of Rivière units with Temporary Occupation Permit ("TOP") obtained on 17 January 20233 Sold 100% of Parc Greenwich Executive Condominium units within nine months of launch with target completion in 3Q FY24 Sold 86% of Sky Eden@Bedok residential units with target completion in 1Q FY26 Multi-pronged marketing strategies to drive sales have delivered good results The increases in Additional Buyer's Stamp Duty ("ABSD")4 that took effect from 27 April 2023 are not expected to have a material impact on current projects Residential Portfolio Activity in FY23 Macro Drivers and Industry Trends Singapore residential market remains resilient but developers are taking a more cautious approach to land bids in view of the recent increase in land supply by the government and the higher interest rate environment The increases in ABSD that took effect from 27 April 2023 have no impact for first time Singaporean buyers; ABSD doubled to 60% for foreigners. Increases in ABSD is only expected to affect about 10% of total residential property transactions4 4.4% YoY increase in Singapore private residential prices in 3Q 2023, 30.2% YoY decrease in Singapore private residential sales volume 6 for the 12-months to 3Q 2023, as buyers exercise more prudence in view of the macroeconomic headwinds, higher interest rate environment and government cooling measures 110 Units sold 1,2 S$0.9 b Unrecognised revenue1.2 631 contracts on hand 1,2 as at 30 Sep 2023 Sky Eden@Bedok, Singapore 1. Including options signed. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates at their effective share. 3. TOP for Fraser Residence River Promenade (serviced residence component) was attained on 4 May 2023. 4. mnd.gov.sg/newsroom/press-releases/view/measures-for-a-sustainable-property-market. 5. ura.gov.sg/Corporate/Media-Room/Media-Releases/pr23-18. 6. https://www.ura.gov.sg/Corporate/Media-Room/Media-Releases/pr23-39. We are Frasers Property 33 33#34Singapore investment portfolio metrics maintained at healthy levels Underpinned by strategic acquisitions and proactive asset and property management • • • Strengthening retail assets portfolio through strategic joint acquisition with FCT for 50% stake in NEX and FCT's acquisition of an additional 10% stake in Waterway Point Retail operational performance remained strong through proactive asset and property management Commercial operational performance saw steady improvements • Portfolio occupancy continued increasing for the sixth consecutive quarter Overall positive rental reversion achieved for leases secured in FY23 Alexandra Point asset enhancement initiative achieved TOP on 27 September 2023 Macro Drivers and Industry Trends Improvement in business activities and shopper traffic since the significant easing of safe management measures in 2022 Retail sales⁹ continue to grow Y-o-Y to 0.6% in Sep 2023 and majority of the industries recorded an improvement. The top three increases came from Food & Alcohol, Cosmetics, Toiletries & Medical Goods and Wearing Apparel & Footwear contributing 22.6%, 10.3% and 8.1% respectively Grade A office rents continued to climb in 3Q 2023 albeit at a modest pace of 0.4% Q-o-Q, marking the tenth consecutive quarter of growth. Despite near- term supply impact from shadow spaces and new completions, the office sector is expected to remain resilient over the mid-term due to constrained supply and Singapore's status as a regional financial hub 10 Retail Portfolio Metrics2 S$10.7 b AUM1 Average Occupancy Rate³ Leases due to expire Commercial Portfolio Metrics² S$4.2 b Average Occupancy Rate³ AUM8 Leases due to expire 30 Sep 235 98.6% 27.7%7 30 Jun 235 97.6% 4.7%6 31 Mar 234 31 Dec 22 30 Sep 22 97.8% 11.1%6 96.9% 18.6%6 95.8% 28.4%7 30 Jun 23 95.1% 2.5%6 31 Mar 23 93.9% 3.4%6 31 Dec 22 93.4% 30 Sep 22 30 Sep 23 95.6% 21.4%7 4.6%6 92.7% 11.8%7 1. Comprises retail property assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall. 2. Reflects portfolio metrics of AUM. 3. Committed average occupancy rate as a percentage of NLA, excluding Community Sports Facilities Scheme (CSFS) space and flex-space facilities operated by the landlord. 4. Retail portfolio metrics as at 31 March 2023 and onwards includes NEX which was acquired on 6 February 2023. 5. Excludes Tampines 1 due to ongoing asset enhancement initiative works (AEI). 6. Leases due to expire over the remainder of the FY as a percentage of NLA, excluding CSFS space and flex-space facilities operated by the landlord. 7. Leases due to expire in the next FY as a percentage of NLA, excluding CSFS space and flex-space facilities operated by the landlord. 8. Comprises commercial property assets in Singapore in which the Group has an interest, including assets held by FLCT and FCT. 9. singstat.gov.sg/- /media/files/news/mrssep2023.ashx. 10. cbre.com.sg/insights/figures/singapore-figures-q3-2023. We are Frasers Property 34 34#35Project Showcase - Rivière & Fraser Residence River Promenade, Singapore Integrated, waterfront precinct with historical charm at an iconic address FULLY COMPLETED IN MAY 2023 Rivière: 455 luxurious residential units Fraser Residence River Promenade: 72 stylish serviced apartments Three restored conservation warehouses, home to former iconic Zouk nightspot 1. 2. 3. 'The Living Room': front-of-house & communal space for serviced residence guests A versatile space for co-working & hosting events A premium food & beverage brand A heritage trail paying tribute to the significance of Jiak Kim Street and Singapore River. We are Frasers Property A GREEN WAY OF LIFE . BCA Green Mark Gold PLUS rating • Rivière's homes use certified sustainable products & energy-efficient air-conditioning Bicycles available for serviced residence guests FRASERRESIDENCE DESIGNED TO HELP PEOPLE CONNECT Placemaking activities & communal spaces to promote wellness & interaction A SMART WAY OF LIVING Apps for Rivière residents to remotely manage estate services, get updates & provide feedback Smart room technology for serviced apartments 35#36FCT achieves healthy FY23 results on robust operating performance Stable portfolio valuation with no change in valuation capitalisation rates Key Highlights FY23 gross revenue was up 3.6% Y-o-Y and net property income was up 2.7% Y-0-Y 2H FY23 DPU of 6.02 Singapore cents brings total DPU for FY23 to 12.15 Singapore cents Retail portfolio's¹ committed occupancy at 99.7%² as at 30 September 2023 FY23 Retail portfolio's tenants' sales³ and shopper traffic³ were 7.3% higher and 24.7% higher Y-o-Y, respectively Financial Highlights FY23 FY22 S$369.7 m S$356.9 m Gross revenue Net property income ("NPI") S$265.6 m S$258.6 m Distribution to Unitholders S$207.7 m S$208.2 m Distribution per unit ("DPU") 12.150 12.227¢ Change ▲ 3.6% ▲ 2.7% ▼ 0.2% ▼ 0.6% FRASES Worship Vint Cit ABMIZANI SORAR 39.3% Aggregate Leverage 4 (as at 30 Sep) Pro forma 36.1%5 33.0% 6.3 pp Adjusted-Interest Coverage Ratio / Interest Coverage Ratio ("ICR") 6 (as at 30 Sep) 3x 5x 2x Northpoint City, Singapore 1. Retail portfolio refers to FCT's investment portfolio, including Waterway Point (50.0%-owned by FCT) and NEX (25.5% effective interest owned by FCT) but excluding Central Plaza, which is an office property. 2. Excludes Tampines 1 due to ongoing asset enhancement initiative works (AEI). 3. Excludes Tampines 1 and NEX. 4. In accordance with the Property Funds Appendix, FCT's proportionate share of its joint ventures' borrowings and total assets (being 50.0% interest in Sapphire Star Trust which holds Waterway Point and 25.5% effective interest in Gold Ridge Pte. Ltd. which holds NEX) are included when computing the aggregate leverage. 5. Assuming the net proceeds from the divestment of Changi City Point and interest in Hektar REIT are used to repay certain debts, the aggregate leverage on pro forma basis as at 30 September 2023 is expected to be reduced to 36.1%. 6. Calculated by dividing the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), by the trailing 12 months interest expense and borrowing-related fees as defined in the Code on Collective Investment Schemes issued by the MAS. As the Group has not issued any hybrid securities, adjusted ICR is identical to the ICR of Group. We are Frasers Property 36#37Singapore PBIT improved due to better performance Segment FY23 FY22 Change Retail S$377.4 m S$300.6 m ▲ 25.5% REIT S$286.7 m S$245.8 m - Non-REIT S$46.0 m S$19.5 m ▲ 16.6% ▲ 135.9% Fee income S$44.7 m S$35.3 m ▲ 26.6% Commercial S$50.7 m S$110.2 m ▼ 54.0% . Non-REIT S$41.4 m S$99.1 m ▼ 58.2% - Fee income S$9.3 m S$11.1 m ▼ 16.2% Development & projects S$135.3 m S$131.8 m ▲ 2.7% Corporate & others (S$13.1 m) TOTAL S$550.3 m (S$6.2 m) S$536.4 m ▲ 111.3% ▲ 2.6% We are Frasers Property Remarks • Better performance from FCT backed by higher NPI Maiden contribution of share of results and fair value gain from NEX Higher fee income mainly due to one-off acquisition fees for NEX and FCT's additional 10% stake WWP • • . Lower contribution due to share of lower fair value gain of Frasers Tower Absence of fees and one-off divestment fees in respect of Cross Street Exchange, which was divested in FY22 Higher contribution from higher selling prices achieved and cumulative higher percentage of completion for Rivière, which attained TOP on 17 January 2023, and maiden contribution from Sky Eden@Bedok FY23 and FY22 included reversal of prior year project provision 37#38The Quarry, QLD, Australia Business Unit Highlights Australia FRASERS PROPERTY#39Contracts on hand underpin Australia residential portfolio future earnings Well-positioned for opportunities amid favourable long-term market dynamics • Positive sales performance with units sold higher than units released • Strong volume of contracts on hand underpinning future earnings • 761 units 1,3 released for sale in FY23 Continued active management of sales and settlements amid high interest rate and inflationary environment Continue to leverage capital partnerships for capital-effective growth Expanded capital partnership with Mitsui Fudosan with establishment of a second joint venture at the Midtown project in NSW in 4Q FY23 Strong local platform enables capturing of strategic opportunities to replenish land bank • Entered into a structured and conditional agreement on 23 October 2023 to acquire an undeveloped site at Mambourin in VIC6 Macro Drivers and Industry Trends $ Australian unemployment rate remained low and stable at 3.6% for September 2023 Reserve Bank of Australia's 3 October 20238 meeting held the cash rate at 4.1%, reflecting a consistent rate since 7 June 2023 Net overseas migration (NOM) targets have increased, with NOM forecast to reach over 400,000 in 2022- 2023 and 315,000 in 2023-2024, underpinning demand for Australian residential housing⁹ Residential Portfolio Activity in FY23 1,5174 Units settled¹ 8185 Units sold 1,2 S$0.7 b Unrecognised revenue 1,2 1,292 contracts on hand 1,2 as at 30 Sep 2023 Baldivis Parks, WA, Australia NB: All references to units include apartments, houses and land lots. 1. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 2. Includes options signed. 3. Gross - 928 units.. 4. Gross 1,839 units. 5. Gross - 1,026 units. 6. Undeveloped land parcels known as Lots 3 and 4 at 440 Black Forest Road and 323 Greens Road, Mambourin Victoria, within the Windermere estate. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release. 8. rba.gov.au/media-releases/2023/mr-23-25.html. 9. budget.gov.au/content/bp1/download/bp1_2023-24.pdf. 7. We are Frasers Property 39#40Active steps taken to strengthen Australia investment portfolio Ongoing repositioning of commercial assets and stabilisation of retail assets Asset repositioning and active leasing efforts strengthening commercial portfolio • Acquisition of two buildings at Rhodes Corporate Park ("RCP") in November 2022 • • Repositioning of RCP assets continues, enhancing competitiveness Weaker office portfolio metrics reflect the strategic Lee Street tenancy relocation required for the upcoming redevelopment of Central Place Sydney ("CPS") Development application approval received from City of Sydney for CPS redevelopment Stabilisation of newly completed retail assets . Positive operating trends continue with improved trading conditions, although cost of living pressures are expected to have an ongoing impact on retail turnover Improved AOR Y-o-Y reflects successful leasing efforts on the back of better operating environment and the completion of Eastern Creek Quarter Stage 2 (ECQ XL), NSW, in June 2022 Steady progress for ongoing development project • Build-to-Rent ("BTR"): Development of 366 apartments at Brunswick & Co., Fortitude Valley as part of QLD Government's BTR pilot; target to complete in 2Q FY25 Macro Drivers and Industry Trends Macroeconomic conditions remain broadly supportive, driven by low unemployment and GDP growth6. Ongoing recovery of office occupancy in post- pandemic environment with increase in enquiries and more certainty in how businesses are planning for future requirements Retail turnover reflects modest increases despite cost-of-living pressures • Office Portfolio Metrics 1 S$1.6 b AUM² AOR³ WALE4 Retail Portfolio Metrics 1 S$0.4 b AOR³ AUM² WALE4 30 Sep 23 54.7% 30 Jun 23 55.2% 31 Mar 23 57.7% 2.0 years 30 Sep 23 96.0% 6.4 years 2.0 years 2.1 years 30 Jun 23 95.9% 6.5 years 31 Mar 23 96.2% 6.8 years 31 Dec 22 57.4% 2.4 years 31 Dec 22 96.5% 7.0 years 30 Sep 22 55.5% 2.2 years 30 Sep 22 93.7% 7.1 years 1. Reflects portfolio metrics of AUM, excluding assets held by FLCT. 2. Comprises office and retail property assets in Australia in which the Group has an interest, including assets held by FLCT, as at 30 September 2023. 3. Committed occupancy as at period end by NLA. 4. By Income as at period end. 5. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release#unemployment. 6.abs.gov.au/statistics/economy/national- accounts/australian-national-accounts-national-income-expenditure-and-product/latest-release. 7.abs.gov.au/media-centre/media-releases/retail-turnover-02-cent. We are Frasers Property 40 40#41Australia PBIT lower due to upcoming redevelopment of commercial assets Segment Development FY23 FY22 Change S$54.8 m S$54.7 m ▲ 0.2% 6.6% Remarks Higher contributions from higher level of settlements, offset by lower share of profits from joint venture projects Earnings affected by lower occupancies across commercial assets, including the impact of the strategic Lee Street tenancy relocation for the upcoming redevelopment of Central Place Sydney Higher contributions from Real Utilities driven by increasing wholesale electricity price and growing customer base Investment Properties S$13.9 m S$20.8 m 33.2% Fee income & others S$6.8 m S$5.3 m ▲ 28.3% TOTAL S$75.5 m S$80.8 m We are Frasers Property UNISYS LINK Rhodes Corporate Park, NSW, Australia 41#42Rubix Connect, VIC, Australia EVERGREEN FRASERS PROPERTY FREEDOM Business Unit Highlights Industrial 122 42#43Robust pipeline of upcoming developments for I&L portfolio Strategic replenishment of landbank fuels development pipeline • Completed seven development projects ~174,000 sqm across Australia in FY23 . Three development projects totalling ~75,000 sqm completed in 4Q FY23 Australia and EU 17 assets under development 13 assets to be completed in FY24 and 4 assets in FY25 • Total land bank of 2.4 million sqm 106,300 Strengthened development pipeline with 17 projects totalling 609,000 sqm planned for completion in FY24 and FY25 Total NLA 431,000 sqm • VIC totalling ~132,000 sqm across four projects • • • • NSW totalling ~250,000 sqm across eight projects, mainly from 'The YARDS' development in Kemps Creek QLD totalling ~68,000 sqm across two projects The Netherlands totalling ~81,000 across two projects Germany totalling ~78,000 sqm in The Tube, Dusseldorf Acquired four greenfield development sites totalling ~388,000 sqm across Australia and Germany in FY23 Acquired ~50,600 sqm in Langsberg, Germany in 4Q FY23 1. Estimated total NLA. We are Frasers Property 48,100 56,800 Total NLA 158,500 sqm 109,200 77,800 47,400 110,600 Total NLA 19,500 sqm 33,300 Australia assets under development 1 EU assets under development 1 Assets under development in Australia and EU contracted for sale to third parties ■1Q FY24 ■ 2Q FY24 ■ 3Q FY24 ■ 4Q FY24 ■1Q FY25 23 43#44Strong leasing activity across Australia and EU High occupancy rates with quality tenants Realised strong leasing activity 1 with renewals and new leases of ~696,000 sqm in Australia and ~147,000 sqm in EU in FY23 . ~252,000 sqm of renewals and new leases in Australia in 4Q FY23 Macro Drivers and Industry Trends Sustained low vacancy continues to support rental growth albeit the rate of growth is slowing8 • ~33,000 sqm of renewals and new leases in EU in 4Q FY23 • • • High occupancy with quality tenant profile Completed the divestment of four non-core assets in Austria in November 2022 to focus resources on the core markets of Germany and the Netherlands Acquired new asset in Alzenau, Germany (~22,000 sqm) in December 2022 An environment of sustained elevated interest rates may lead to further yield softening, offset in part by continued rental growth⁹ Investors are pivoting capital towards industrial assets supported by positive fundamentals in the sector 10 Australia Portfolio Metrics² S$5.9 b AUM5,6 AOR³ 30 Sep 23 100.0% 30 Jun 23 99.5% WALE4 5.3 years 4.9 years EU Portfolio Metrics 2 30 Sep 23 S$2.9 b AUM5,7 AOR³ 97.5% 30 Jun 23 97.3% 31 Mar 23 97.3% 31 Mar 23 100.0% 5.0 years 31 Dec 22 100.0% 5.0 years 30 Sep 22 100.0% 4.8 years 30 Sep 22 97.8% 31 Dec 22 97.3% WALE4 5.3 years 5.5 years 5.7 years 5.8 years 5.9 years 1. Includes lease renewals and new leases for industrial and logistic properties in Australia, Germany and the Netherlands in which the Group has an interest, including assets held by FLCT. 2. Reflects portfolio metrics of AUM. 3. Committed occupancy; by NLA. 4. By income. 5. Includes properties under development as at 30 September 2023. 6. Comprises industrial and logistics property assets in Australia in which the Group has an interest, including assets held by FLCT. 7. Comprises property assets in Germany and the Netherlands in which the Group has an interest, including assets held by FLCT. 8. cbre.com.au/insights/figures/figures-australia-industrial-and-logistics-3q23. 9.jll.com.au/en/trends-and-insights/research/asia-pacific-logistics and-industrial-q2-2023. 10. jll.com.au/en/trends-and-insights/research/asia-pacific-capital-tracker-q2-2023. We are Frasers Property 44#45FLCT's distributable income decreased 6.9% Y-o-Y Maintained high portfolio occupancy of 96.0%¹ and WALE of 4.4 years¹ Key Highlights • • • Lower revenue and adjusted net property income in FY23 largely impacted by weaker AUD/SGD exchange rates and lower occupancies at some commercial assets Healthy average portfolio rental reversions of +7.8% (incoming rent vs. outgoing rent basis) and +18.9% (average rent vs. average rent basis) achieved for FY2023 Acquisition of a forward-funding freehold logistics development at Maastricht, at a 12.7% discount to valuation² Prudent capital management amid a volatile interest rate environment Low aggregate leverage of 30.2% as at 30 September 2023 with cost of borrowings at 2.2% Healthy average weighted debt maturity of 2.2 years Key Financials FY2023 FY2022 Change Revenue S$420.8 m S$450.2 m ▼ 6.5% Adjusted Net Property Income³ S$311.4 m S$342.1 m ▼ 9.0% Distributable income S$262.3 m S$281.8 m ▼ 6.9% DPU (Singapore cents) 7.04 7.62 ▼ 7.6% Aggregate Leverage / Gearing 30.2% 27.4% ▲ 2.8 pp (as at 30 Sep) ICR4 (as at 30 Sep) 7x 13x 6x 2-22 Efficient Drive, Truganina, Victoria, Australia Note: All portfolio metrics presented exclude the investment property under development and right-of-use assets 1. As at 30 September 2023. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of September 2023. Excludes straight lining rental adjustments and include committed leases. 2. Valued by Savills Valuation at € 16.6 million on a completed and pre let basis, assuming no real estate transfer tax is payable. 3. Adjusted NPI is calculated based on the actual NPI excluding straight lining adjustments for rental income and adding lease payments of right-of-use assets. 4. As defined in the Code on Collective Investment Schemes. Computed as trailing 12 months EBITDA (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), over trailing 12 months borrowing costs. Borrowing costs exclude interest expense on lease liabilities (effective from 28 December 2021). We are Frasers Property 45 45#46Industrial PBIT declined due to lower REIT PBIT Segment FY23 FY22 Change Non-REIT S$61.3 m S$130.9 m ▼ 53.2% REIT Remarks 23.4% Share of FV losses from the investment properties held through a JV and stable operating PBIT Lower contribution following the divestment of Cross Street Exchange in March 2022 and lower occupancies in commercial properties Absence of one-off divestment fees in respect of Cross Street Exchange, which was divested in FY22 S$274.8 m S$304.1 m ▼ 9.6% Fee income & others S$16.4 m S$25.4 m ▼ 35.4% TOTAL S$352.5 m S$460.4 m FRASERS My landscaping is waterwise We are Frasers Property Rubix Connect, VIC, Australia 46 46#47Frasers Residence Tianjin, China FRASERS PROPERTY Business Unit Highlights Hospitality 47 7#48Active management of hospitality portfolio Focus on meaningful growth through active portfolio rebalancing • Entry into complementary premium rental apartment segment to capture opportunities from North Asia's burgeoning long-stay segment Acquired a Premium Rental Apartment (PRA) asset each in Shenzhen, China and Osaka, Japan Increase in units from newly-signed management agreements, offset by divestment of Fraser Place Melbourne, maturing of contracts and deflagging of smaller properties as part of streamlining of management fee business 8 new management agreements signed, and 1 extension, spanning across the North Asia, Southeast Asia, and EMEA regions. • 4Q FY23 saw the opening of Fraser Residence Tianjin, China, Capri by Fraser, Phnom Penh, Cambodia and Fraser Residence River Promenade, Singapore $ International tourism continued its sustained recovery as arrivals reached 84% of pre-pandemic levels between January to July 20231 Slow return of China's outbound tourism weighs on further recovery, but the industry is set to gradually recover to pre-COVID levels by end 20242 Economic uncertainty continued to weigh on tourism recovery, driven by persistently high inflation, rising commodity prices and ongoing geopolitical tensions Units by Geography³ Asia Pacific S$4.1 b AUM4 Europe, Middle East, and Africa TOTAL 30 Sep 23 30 Jun 23 31 Mar 23 31 Dec 22 30 Sep 22 10,249 10,236 10,026 10,067 10,291 5,691 15,940 5,688 5,762 6,030 6,030 15,924 15,788 16,097 16,321 1. unwto.org/news/international-tourism-swiftly-overcoming-pandemic-downturn. 2. bloomberg.com/news/articles/2023-09-19/china-outbound-travel-may-take-another-year-to-fully-recover. 3. Includes owned and/or managed units in operation; and assets held by FHT. 4. Comprises hospitality property assets in which the Group has an interest, including assets held by FHT. 48 48#49Hospitality portfolio metrics 1 Continued recovery in most markets across all operating metrics Asia Pacific AOR FY23 FY22 Change 77.2% 60.0% ▲ 17.2 pp ADR S$227.5 S$182.5 ▲ 24.7% RevPAR S$175.7 S$109.5 ▲ 60.5% EU & UK FY23 FY22 Change AOR 77.8% 70.9% ▲ 6.9 pp ADR S$237.4 S$243.7 ▼ 2.6% RevPAR S$184.7 S$172.7 ▲ 6.9% 1. Reflects portfolio metrics of assets in which the Group has an interest, including properties owned through FHT. Strong demand reflected across all segments of business as countries in this region move toward an endemic situation Healthy demand from both leisure and corporate fronts that mainly benefited properties in Singapore, Australia, Japan, and Malaysia Excluding the divestment of Sofitel Sydney Wentworth in April 2022, Fraser Place Melbourne in August 2023, and the acquisition of the Premium Rental Apartment in Japan in May 2023, RevPAR improved 57% Demand continued to recover for most properties in the region as travel resumed globally ADR improved in local currencies but declined in reporting currency due to the appreciation of the Singapore dollar against local currencies. RevPAR improved on the back of strong demand Continued headwinds in the region due to the ongoing war in Ukraine, manpower challenges, higher energy costs and inflationary pressures 49#50FHT reports improved performance in FY23 Distribution per Stapled Security grew 49.3% with sustained improvement in performance Key Highlights • • Portfolio performance continued to improve in FY23 due to sustained recovery in global tourism as all FHT's geographical markets have successfully transitioned to the endemic phase As a result, gross revenue and net property income increased 28.5% and 30.1% Y-o-Y respectively Key Financials Gross Revenue Net Property Income FY23 FY22 Change S$123.2 m S$95.9 m ▲ 28.5% S$90.5 m S$69.6 m ▲ 30.1% Distributable Income S$52.3 m S$35.0 m ▲ 49.4% • Sustained improvements reported across key financial and operating metrics of the portfolio on a Y-o-Y basis Distribution per Stapled Security 2.4426 1.6355¢ ▲ 49.3% Gearing (as at 30 Sep) ICR (as at 30 Sep) 34.0% 36.4% ▼ 2.4 pp 3.6x1,2 2.6x1,2 ▲ 1.0 x Saint café & ber Saint Giles café & bar Saint Fraser Suites Edinburgh 1. ICR as prescribed under the MAS' Property Funds Appendix (last revised on 3 March 2022). 2. For the purpose of computing ICR, interest expense excludes the unwinding of discounting effect on present value of lease liability and long-term security deposits payable. We are Frasers Property 50 50#51Hospitality PBIT improved with sustained recovery in demand Earnings supported by higher revenue per available room ("RevPAR") Segment FY23 FY22 Change • Non-REIT S$76.2 m S$71.8 m ▲ 6.1% REIT S$58.8 m S$30.7 m ▲ 91.5% Fee income S$1.1 m S$1.5 m ▼ 26.7% Corporate & others (S$7.1 m) (S$3.1 m) ▲ 129.0% TOTAL S$129.0 m S$100.9 m ▲ 27.8% We are Frasers Property Remarks Positive contributions mainly from higher RevPAR across most properties Higher net property income contributions from most properties Capri Johor Bahru, Malaysia 51#52Grandio Chaengwattana-Muangthong, Bangkok, Thailand Business Unit Highlights Thailand and Vietnam FRASERS PROPERTY 52 2#53Improving FPT performance amid challenging macroeconomic conditions • FPT business developments and financial performance • FPT's core business continues to maintain resilience while profitability bounced back due to the growth in profit contribution from JVs and associates • . Residential sales declined 4% Y-o-Y, mainly due to the subdued economic conditions. Efforts to enhance cost efficiencies, such as modification of housing designs and functions, are progress to support profit margins Robust leasing activities resulted in strong occupancy rates for the industrial and office portfolios of ~87% and -93%, respectively. FPT has implemented an early renewal strategy to defend against upcoming additional supply in the office sector Revenue from the hospitality business increased significantly by 72% Y-o-Y on the back of rebounding tourism after COVID-19 restrictions were eased Total assets of S$4.3 billion¹ as at 30 September 2023 Financial Highlights¹ FY23 FY22 Change Gross Revenue S$579.1 m S$589.7 m 1.8% PBIT S$172.4 m S$156.4 m 10.2% Cash and bank deposits S$40.3 m S$41.0 m ▼ 1.7% Net debt/total equity 81.8% 90.7% 8.9 pp Net interest cover 5x 5x 1. Based on SFRS(I). We are Frasers Property Frasers Property Logistics Center (Bangplee 7), Samutprakarn, Thailand 53 53#54• Residential business under pressure from macro developments Rebalancing residential portfolio for future growth Eight new projects launched in FY23 with a total GDV of ~S$512 million, down from 18 projects launched in FY22 • 78 active projects with total GDV of S$4,262 million as at 30 September 2023 Strategic shift to luxury single-detached housing to capture affluent demand amid economic challenges. Macro Drivers and Industry Trends Thailand household debt continued to increase from 3.5% in 4Q 2022 to 3.6% in 1Q 2023 while the ratio of household debt to GDP remains high at 90.6%³ • A luxury single-detached housing project and a townhome project were launched in 4Q FY23 Product specification adjustment with innovative and adaptive home designs to better suit the changing consumers' behavior and their purchasing power Residential Portfolio Activity in FY23 2,063 4,713 S$0.05 b Units settled² Units sold 1,2 Unrecognised revenue 1,2 241 contracts on hand 1,2 as at 30 Sep 2023 $ BOT gradually raised the policy rate in FY2023 from 1.50% in January 2023 to 2.50% in September 20234,5 Thailand's real estate sector showed sluggish signs, with REIC anticipating 10.2% drop in residential transfers and 4.5% decline in overall value for FY236 Grandio Chaengwattana-Muangthong, Bangkok, Thailand 1. Including options signed. 2. Includes the Group's subsidiaries at gross (100%). 3. bangkokpost.com/business/general/2637529/warning-over-household-debt-surge. 4. bot.or.th/en/news-and-media/news/news-20230125.html. 5. bot.or.th/en/news-and- media/news/news-20230927-2.html. 6. bangkokpost.com/property/2572109/housing-market-lacks-lustre. We are Frasers Property 54#55Strong I&L performance in Thailand • High occupancy level maintained from solid leasing demand Solid warehouse and factory portfolio metrics with higher Y-o-Y portfolio occupancy rate of ~87% (FY22: ~84%) • Newly completed assets and FTREIT's investment in fully-leased ~71,000 sqm TIP9 project resulted in net leasing growth of 255,234 sqm over FY23 • ~129,000 sqm of renewals and new leases in 4Q FY23 Introduced new generation of built-to-function warehouse facilities – partially pre-built warehouses with basic facilities, sustainability and technology features, that are then marketed and completed to customers' specifications, thus allowing for shorter time from customer confirmation to delivery Stable development pipeline provides visibility for further growth • Macro Drivers and Industry Trends Demand for warehouse storage spaces supported mainly by the ongoing rapid growth in the e-commerce sector4 Industrial sector poised for expansion in the next three years due to investments in the Eastern Economic Corridor on the back of diversification of supply chain amid rising geopolitical tensions4 Increasing tenant focus on green build-to-suit developments, such as smart warehouses with reduced water flow, natural ventilation, and solar rooftops5 Completed development of ~65,000 sqm NLA in FY23 • New warehouse development projects focused on build-to-suit clients, with ~51,000 sqm of NLA on track for completion in FY24 Warehouse Metrics S$2.2 b AUM1 AOR2 WALE3 Factory Metrics S$1.2 b AOR² AUM1 WALE3 30 Sep 23 88.1% 30 Jun 23 86.4% 31 Mar 23 88.5% 31 Dec 22 86.5% 30 Sep 22 87.6% 3.5 years 30 Sep 23 83.6% 3.5 years 30 Jun 23 82.3% 2.1 years 2.0 years 31 Mar 23 80.9% 1.9 years 31 Dec 22 79.4% 1.7 years 3.6 years 3.7 years 3.9 years 30 Sep 22 80.1% 1.7 years 1. Comprises property assets in Thailand in which the Group has an interest. 2. Actual occupancy as at period end; by gross rent. 3. By income, as at period end. 4. krungsri.com/en/research/industry/industry-outlook/real-estate/industrial- estate/io/io-industrial-estate-2023-2025. 5. thansettakij.com/real-estate/560933. We are Frasers Property 55#56. • • Occupancies of FPT commercial properties remained robust Resilient performance of prime assets boosted by business recovery Active early lease-renewal efforts in response to upcoming Grade A new office supply; ~86,000 sqm of office renewals and new leases in FY23 Silom Edge, a new mixed-use development in the heart of Bangkok CBD, was launched in March 2023. Office and retail occupancy were at 92% 1 and 84% 1, respectively, as at 30 September 2023 Plan to redevelop Marriott Mayfair Executive Apartment into 'super luxury' condominium project announced in August 2023 Maintained solid performance of hospitality portfolio following rebound in the tourism sector Macro Drivers and Industry Trends Selected MNCs are looking to relocate to new premium Grade A offices to improve workplace quality, retain talent and meet corporate ESG standards7 Thailand welcomed 15.3 million foreign tourist arrivals from January to July 2023, with total revenue generated of 638 million baht8 Office & Retail Metrics S$1.0 b AUM² AOR¹ 30 Sep 23 92.8% 30 Jun 23 93.1% 31 Mar 23 92.1% 31 Dec 22 WALE³ 1.7 years 1.7 years 1.6 years 91.1% 1.6 years 30 Sep 22 90.3%4 1.3 years Hospitality Metrics 5 30 Sep 23 30 Jun 23 31 Mar 23 S$0.3 b AUM² AOR 71.8% ADR6 RevPAR6 S$146.8 S$105.5 72.7% S$147.2 S$107.0 73.9% S$147.0 31 Dec 22 73.9% S$140.0 30 Sep 22 46.7% S$111.4 S$108.7 S$103.5 S$52.0 1. Committed occupancy as at period end; by gross rent. 2. Comprises property assets in which the Group has an interest. 3. By income as at period end. 4. FY22 AOR was previously calculated using average across the year. FY23 AOR has been restated. 5. Averaged over reporting period. 6. Based on exchange rates S$/THB: 0.038578 for FY23. 7. retalkasia.com/news/2023/02/23/cbre-thailand-reveals-real-estate-trends-watch-2023/1677120946. 8. bangkokpost.com/thailand/general/2623553. We are Frasers Property 56#57I&L portfolio in Vietnam gains momentum Focused on execution and operational excellence Industrial portfolio making good progress Completed acquisition of ~44.6ha of industrial land (out of 77.6ha secured) in northern Vietnam. Broke ground in September 2023 for first phase comprising ~35,000 sqm international grade I&L facilities; construction expected to complete by 2Q 2024 Binh Duong Industrial Park ("BDIP") ready-built factory ("RBF") Phase 1 of 40,000 sqm achieved 100% committed occupancy Construction of RBF Phase 2 of 64,000 sqm expected to complete by 1Q 2024 MOU with SP Group signed in August 2023 to jointly develop and implement integrated smart energy solutions at BDIP Commercial portfolio remains stable with overall positive rental reversions Worc@Q2 serviced office tower occupancy stable at 83.2% • Worc@Q2 received LEED4 Gold certification in July 2023 in recognition of the property's strong sustainable and healthy building practices Melinh Point occupancy remained high at over 90% Macro Drivers and Industry Trends In 9M 2023, GDP, CPI and core inflation recorded Y-o-Y increase of 4.2%, 3.2% and 4.5%, respectively. With trade surplus estimated to be at US$21.7 billion. Vietnam is expected to continue to be one of the fastest-growing emerging markets in the Asian region5 In 3Q 2023, strong supply in HCM office market resulted in softening office occupancies, however rent levels still rose by 7% Y-o-Y6 Due to strong market conditions, the industrial market continues to be dynamic and competitive, with rents expected to continue growing? Industrial Portfolio Metrics S$0.2 b AUM1 AOR² WALE³ Commercial Portfolio Metrics S$0.1 b AOR² AUM1 WALE3 8.9 years 9.1 years 9.4 years 30 Sep 23 100% 30 Jun 23 82.4% 31 Mar 23 68.4% 31 Dec 22 68.4% 30 Sep 22 68.4% 9.7 years 30 Sep 23 89.9% 1.6 years 8.6 years 30 Jun 23 89.9% 1.5 years 31 Mar 23 90.7% 1.8 years 1.8 years 31 Dec 22 89.0% 30 Sep 22 87.2% 1.9 years 1. Comprises property assets in Vietnam in which the Group has an interest. 2. Committed occupancy by NLA. 3. By revenue. 4. Leadership in Energy and Environmental Design. 5. vietnamnet.vn/en/vietnam-s-gdp-grows-by-5-33-in-q3-2023- 2195800.html. 6. savills.com.vn/services/research/vietnam-quarterly-market-report-qmr-q3-2023.aspx?source=website #contact-box. 7. cushmanwakefield.com/en/vietnam/insights/industrial-marketbeat. We are Frasers Property 40 57#58Thailand & Vietnam reported PBIT of S$211 million Segment FY23 FY22 Change Thailand & Vietnam S$210.5 m S$100.2 m ▲ 110.1% We are Frasers Property LJUJU JUIL Remarks Share of net FV gains from the investment properties held through JVs and associates, better performance from industrial and hospitality businesses in Thailand Partially offset by absence of settlement of residential units for Q2 Thao Dien, Vietnam that was completed and settled in FY22 and lower margins on higher level of residential settlements in Thailand 800 BEBE Frasers Property Logistics Center (Bangplee 7), Samutprakarn, Thailand 58 58#59Building 1180, Winnersh Triangle, Reading, UK 1180 Business Unit Highlights Others FRASERS PROPERTY 59#60Well-received new residential launches in Shanghai, China S$0.9 billion presold revenue to be recognised progressively Selectively replenished residential portfolio with investments in Shanghai, a core Tier 1 city • Added -3901,2 residential units to portfolio in FY23 • • Palace of Yunjian in Songjiang District ~168 units 2,3 Upview Hongqiao in Qingpu District ~222 units2,3 Launched units, all in Shanghai, almost fully-sold; next scheduled completion in 1Q FY24 ~4452,4 units sold in FY23, a 4.8% Y-o-Y increase . • • • Sold all launched units • a) Club Tree, Shanghai ~274 units 2,5; b) Palace of Yunjian, Shanghai ~158 units2,5 Projects fully-sold a) Upview Malu, Shanghai ~122 units 2,5; b) Upview Hongqiao, Shanghai -222 units²,3 Inventory of ~552 residential units as at 30 September 2023 with six projects under development on schedule for completion and handover Handed over a total of ~2 residential units, ~9 retail units and ~1,790 carpark lots across projects² Residential Portfolio Activity in FY23 Units settled (Includes the Group's effective interest in an associate and JVs) Units sold7 ~26 ~4454 S$0.9 b Unrecognised revenue, a 98.8% Y-o-Y increase 871 contracts on hand 7,8 as at 30 Sep 2023 (Includes the Group's effective interest in an associate and JVs) Macro Drivers and Industry Trends $ China's GDP grew 5.2% Y-o-Y in the first three quarters of 2023, meanwhile Shanghai's GDP grew 6% Y-o-Y, reflecting the resilience of the recovery trend⁹ China's manufacturing sector witnessed an improved business climate in August as the PMI rose for a third straight month to 49.7, up from 49.3 in July 10 1H 2023 Shanghai residential sales area up 38.1% Y-o-Y to 5.2 million sqm, while sales value increased 36.2% to RMB334.7 billion 11 Upview Hongqiao, Qingpu, Shanghai, China 1. Gross basis - 1,724 units. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates at their effective share. 3. Gross basis and effective interest - Palace of Yunjan: 838 units, 20%; Upview Hongqiao: 886 units, 25%. 4. Gross basis - 2,186 units. 5. Gross basis and effective interest - Club Tree: 1,826 units, 15%; Palace of Yunjian: 791 units, 20%; Upview Malu: 1,013 units, 12%. 6. Gross basis - 7 units. 7. Including options signed. 8. Including the Group's effective interest in an associate and JVs. 9. gov.cn/archive/statistics/202310/18/content WS652f48b6c6d0868f4e8e056d.html. https://www.shanghai.gov.cn/. 10. NBS. 11. CRIC. 60 60#61UK portfolio metrics remain resilient despite headwinds Strategic activities undertaken to drive leasing activity • • High interest rates and softer post-pandemic office leasing demand trends continue, exacerbated by political and economic uncertainties in the UK. Continued focus on quality products and proactive asset management to support portfolio metrics • ~41,700 sqm of commercial and business park renewals and new leases in FY23 • ~22,100 sqm of renewals and new leases in 4Q FY23 on the back of improving demand Completed 'The Rowe', a ~15,000 sqm office development in Central London, in December 2022 Enhance value proposition through ongoing AEI to upgrade the portfolio Ongoing strategic I&L development activity continues . Unlocking embedded development value of land bank across all UK business parks - exploring opportunities for further I&L development to meet demand Completed -27,700 sqm of prime I&L development on two assets for FLCT - Blythe Valley Park (Connexion 2) and Worcester Six in February and March 2023, respectively • Blythe Valley Park (Connexion 2) achieved fully-let status in 3Q FY23 Worchester Six pre-let to Alliance Flooring A prime I&L development for FLCT in Cheshire, pre-let ~62,000 sqm for a 15-year lease period to a leading UK auto distributor, Peugeot Motor Company Plc; targeting completion by December 2023 Macro Drivers and Industry Trends ($ Bank of England maintained interest rate at 5.25% in November 2023 after increasing by total of 300 bps over the prior eleven months, mainly over concerns of inflation4 Business confidence is improving, boosting demand for UK office space. However aggregate leasing activity for 2023 is expected to be lower than 20225 Occupational fundamentals for the UK industrial and logistics market remain resilient despite economic headwinds5 Business Park Metrics S$1.6 b AUM1 AOR² WALE3 30 Sep 23 87.9% 5.8 years 30 Jun 23 87.7% 31 Mar 23 87.4% 31 Dec 22 87.1% 30 Sep 22 88.1% 5.9 years 6.1 years 5.7 years 5.9 years 1. Comprises seven business parks in the UK in which the Group has an interest, including assets held by FLCT. 2. Actual occupancy; by NLA. 3. By income. 4. bankofengland.co.uk/. 5. uk-mid-year-market-outlook-2023-report.pdf (cbre.co.uk). We are Frasers Property 61#62China and UK reported PBIT of S$73 million Segment China FY23 FY22 Change Remarks S$41.4 m S$31.0 m ▲ 33.5% Higher contributions mainly due to sale of carpark units in Baitang One in Suzhou UK S$31.4 m S$22.2 m ▲ 41.4% Higher contributions mainly due to lower provisions for cladding costs¹ TOTAL S$72.8 m S$53.2 m ▲ 36.8% 1. Provision for the cladding costs pursuant to The Building Safety Act coming into force in April 2022. Artist's impression - Galaxy Nanmen, Shanghai, China We are Frasers Property 62 62#63Farnborough Business Park, UK Appendix I 80 63 FRASERS PROPERTY#64REITS Segments Overview of Frasers Property FRASERS PROPERTY Singapore Australia Thailand & Vietnam Others² Industrial Hospitality FRASERS CENTREPOINT TRUST Retail Commercial & Business Parks Residential Industrial & Logistics FRASERS INDUSTRIAL THAILAND REIT GOLDEN VENTURES REIT Multinational real estate company with multi-segment expertise • • S$48.6 billion AUM 1 across five asset classes Four main SBUS - Singapore, Australia, Hospitality, Industrial; as well as Thailand & Vietnam and Others² 4,051 residential units settled³ in FY23 Industrial & Logistics S$13.4 b industrial & logistics AUM1 Hospitality S$12.5 b retail AUM1 S$9.8 b commercial & business parks AUM1 FRASERS LOGISTICS & COMMERCIAL TRUST FRASERS HOSPITALITY TRUST S$4.6 b 5 REITS / Stapled Trust hospitality AUM¹; ~20,3004 hospitality units FCT, FLCT, FHT, FTREIT, and GVREIT 1. Comprises property assets in which the Group has an interest, including assets held by its REITs, Stapled Trust, JVs and associates. 2. Consists of China and the UK. 3. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 4. Including both owned and managed properties; and units pending opening. We are Frasers Property 79 64#65Frasers Property approach to improving quality and visibility of earnings 朋 Increase development exposure Leverage the Group's value creation capabilities; focus on selected asset classes and geographies Drive recurring and capital returns from recurring income asset classes Through active asset management; capital efficient structures We are Frasers Property Sustainable growth and long-term shareholder value 65 59#66Earnings visibility from residential development pipeline www 2,293 4,051 units settled² in FY23 По units launched² in FY23 6,100 units sold 1,2 in FY23 12,280 A pipeline units² as at 30 September 2023 Pre-sold revenue S$ b 3.0 FY23 pre-sold revenue 1,2 amounts to S$2.6 billion Total: 2.5 2.2 2.0 0.3 Total: 1.6 15 1.5 1.5 1.0 0.5 Total: 1.4 0.4 0.1 0.1 1.0 1.1 0.4 0.2 0.1 0.0 FY18 FY19 FY20 ■ Singapore ■Australia Total: 1.8 0.1 0.2 12 1.3 Total: 2.6 Total: 2.6 0.1 0.05 0.2 FY22 FY21 ■China ■ Thailand 1. Including options signed. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. We are Frasers Property 0.5 0.9 1.2 0.7 0.8 FY23 0.9 66#67Diversified across asset classes and geographies Property assets 1 by asset class (S$b) 89% of the Group's property assets¹ as at 30 September 2023 are in recurring income asset classes Industrial & logistics, 11.2, 33% Commercial & business parks, 6.7, 20% Residential, 3.9, 11% Property assets¹ by geography (S$b) Thailand, 4.3, 13% China, 0.8, 2% Others², 1.0, 3% Total S$34.2 b Retail, 8.1, 24% Total Singapore, 12.2, 36% S$34.2 b EU & UK, 6.5, 19% Hospitality, 4.3, 12% 64% of the Group's property assets¹ as at 30 September 2023 are outside of Singapore Non-REIT property assets 1 by asset class (S$b) Industrial & logistics, 6.2, 32% Residential, 3.9, 20% Total S$19.1 b Retail, 2.0, 11% Australia, 9.4, 27% Non-REIT property assets 1 by geography (S$b) China, 0.8, 4% Others², 0.8, 4% Thailand, 3.8, 20% Total S$19.1 b Singapore, 4.6, 24% Commercial & business parks, 4.4, 23% Hospitality, 2.6, 14% EU & UK, 3.5, 19% Australia, 5.6, 29% 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. 2. Including Vietnam, Malaysia, Japan and Indonesia. We are Frasers Property 20 67#68Scaled platforms in Singapore, Australia, EU & UK and Thailand 82% Geographical breakdown of property assets¹ by asset classes as at 30 September 2023 (S$b) Singapore of the Group's property assets¹ Hospitality, 1.6, 13% Residential, 0.6, 5% Australia Residential, 1.2, 13% are in developed markets of Singapore, Australia and EU & UK as at 30 September 2023 Commercial & Business Parks, 2.6, 21% Commercial & Business Parks, 1.6, 17% Total S$12.2 b Industrial & Logistics, Total S$9.4 b 5.7, 61% Retail, 7.4, 61% Residential, 0.1, 1% Thailand Retail, 0.4, 4% Hospitality, 0.5, 5% Residential, 1.3, 30% Industrial & Logistics, 3.1, 48% Industrial & Logistics, 2.0, 46% Total S$6.5 b Total Commercial & Business Parks, 1.9, 29% S$4.3 b Hospitality, 1.4, 22% Commercial & Business Parks, 0.6, 14% Hospitality, 0.2, 5% Retail, 0.2,5% ~50-60% of the Group's property assets¹ in Australia, EU & UK and Thailand are in Industrial & Logistics assets as at 30 September 2023 EU & UK 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from JVs and associates, properties held for sale and assets held for sale. We are Frasers Property 880 68#69Active capital management to optimise capital productivity Capital recycling via the Group's REITs, capital partnerships, and sales to third parties S$8.3 b FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 SA $ recycled via the Group's REITS Recycling via the Group's REITS1 S$808 m S$447 m S$1,700 m S$240 m S$1,003 m S$1,185 m S$2,359 m S$382 m S$68 m S$58 m since FY14 FCT S$153 m S$433 m S$1,934 m² FLCT S$224 m S$1,700 m S$240 m S$933 m S$638 m S$301 m S$230 m S$1.5 b FHT S$655 m S$223 m of capital partnerships FTREIT S$70 m S$114 m S$124 m S$152 m S$68 m S$58 m since FY14 Recycling via S$983 m S$550 m capital partnerships² S$2.0 b of non-REIT assets sold to third parties since FY14 Recycling via sales S$452 m S$93 m S$567 m S$101 m S$539 m S$11 m S$227 m to third parties³ TOTAL S$808 m S$447 m S$2,152 m S$240 m S$1,096 m S$2,735 m S$3,010 m S$921 m S$79 m S$284 m REITs' sales to third parties5 S$315 m S$144 m S$20 m S$510 m S$1,120 m S$38 m NB. All references to REITS includes the Group's REITS and Stapled Trust. 1. Includes total value of assets; call-option properties based on date of signed agreement. 2. Includes proportionate value of assets divested. 3. Includes divestment of investment properties, assets held for sale and properties, plant and equipment. Excludes divestment of properties held for sale and divestment of assets or properties by REITS. 4. The sale of the 63.1% stake in ARF to FCT was approved in September 2020 and completed in October 2020. 5. As disclosed by FCT, FHT and FLCT. We are Frasers Property 69 69#70339,928 • • Frasers Property Singapore Business Unit Overview One of the leading real estate players that owns, manages and develops retail, commercial and large- scale, mixed-use developments in Singapore, with well-established REITs that facilitate efficient capital recycling Among the top residential property developers in Singapore, with over 22,000 homes built Retail properties NLA breakdown³ (sqm) Non-REIT 6 69,925 21% Total REIT 270,003 79% Causeway Point Northpoint City Waterway Point Hougang Mall Parc Greenwich NEX60 Alexandra Point Alexandra Technopark The Centrepoint 51 Cuppage Rd ●Valley Point Tiong Bahru Plaza and Central Plaza Robertson Walk Frasers Tower S$10.7 b Retail AUM¹ 13 assets S$1.9 b ● White Sands Century Square and Tampines 1 Changi City Point Sky Eden@Bedok S$4.2 b 6 assets 3 assets Retail non-REIT portfolio6 Commercial AUM² Commercial properties NLA breakdown³ (sqm) S$3.2 b Commercial non- 4 assets REIT portfolio Non-REIT 128,986 REIT 112,048 Total 46% Unrecognised 54% 241,034 S$0.9 b 2 active projects • FCT's malls & office • FLCT's assets ● Directly-owned malls Directly-owned offices Residential projects residential revenue4,5 The map above is a modified and/or derivative version of a work taken from commons.wikimedia.org/wiki/File:Singapore_location_map.svg under a Creative Commons license. 1. Comprises retail property assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall. 2. Comprises commercial property assets in Singapore in which the Group has an interest, including assets held by FCT and FLCT. 3. As at 30 September 2023, including area currently used as Community Sports Facilities Scheme (CSFS) space and flex-space facilities operated by the landlord. 4. Includes subsidiaries at gross (100%) and equity- accounted JVs and associates at their effective share. 5. Including options signed. 6. NEX is jointly held by FCT and FPL. NEX's NLA and AUM are fully-reflected under the REIT portfolio. 7. The divestment of Changi City Point was completed on 31 October 2023 We are Frasers Property 70 70#71• Frasers Property Singapore REIT - FCT 41.4% stake in FCT, which owns a retail portfolio of ten suburban malls¹ Country Properties Portfolio value2 Singapore • • • FY23 NPI S$6.9 b Assets under management³ $ Causeway Point • Century Square • Hougang Mall • Northpoint City North Wing S$ 5,220.5 m S$265.6 m 10 (including Yishun 10 retail podium) Tampines 1 Tiong Bahru Plaza (including Central Plaza) White Sands • Changi City Point4 (Reclassified to assets held for sale) • Waterway Point (FCT owns 50.0% stake) ELULE EQELL Well-located suburban retail properties Ax • NEX (FCT owns 25.5% effective stake) NEX, Singapore 1. Includes all retail malls in FCT's investment portfolio and includes Waterway Point (50.0%-owned by FCT) and NEX (25.5% effective interest owned by FCT) but excludes Central Plaza which is an office property. 2. Refers to FCT's investment portfolio (including Central Plaza) as at 30 September 2023, excluding the 50.0% stake held in joint venture Sapphire Star Trust which holds Waterway Point, the 25.5% effective stake in Gold Ridge Pte. Ltd. which holds NEX and Changi City Point which has been reclassified to "Assets held for sale" as at 30 September 2023. 3. Total assets of FCT's investment portfolio (including Central Plaza) as at 30 September 2023, including its 50.0% stake in Waterway Point's total assets, 25.5% effective stake in NEX's total assets and includes Changi City Point which has been reclassified to "Assets held for sale" as at 30 September 2023. 4. On 30 August 2023, FCT announced the divestment of Changi City Point for $338.0 million. The divestment was completed on 31 October 2023. We are Frasers Property 71#72Frasers Property Australia Business Unit Overview • One of Australia's leading diversified property groups Brookhaven Brunswick & Co. Coorparoo Square New Beith Newstead Hamilton Reach The Quarry Minnippi Quarter Central Park Perth Baldivis Grove Baldivis Parks Cockburn Frasers Landing Port Coogee Queens Riverside Perth 545 Blackburn Rd 357 Collins St Berwick Waters Burwood Brickworks Burwood Brickworks Shopping Centre Living, Carlton Five Farms Parkville Wallara Waters The Grove Yarraville Caroline Chisholm Centre Sydney Canberra FLCT properties Residential properties Retail properties Build-to-Rent properties Commercial properties Melbourne • ~11,000¹ pipeline residential development units 2,3 • Market leader in complex mixed-use masterplanned development • National presence in all major markets across Australia with asset creation capability and presence across the entire value chain Investment portfolio of S$2.0 billion with a weighted average lease expiry of 3.6 years and occupancy at 70.5% Real Utilities5 has embedded networks and 7,990kW of solar PV6 installed across 17 projects to date serving ~2,200 customers Commercial properties 17 assets S$0.7 b Brisbane S$2.0 b Investment portfolio AUM4 NLA breakdown (sqm) REIT, Non-REIT, Commercial non- REIT portfolio 94,847, 145,731, 61% 39% Retail non-REIT portfolio Total 240,578 Central Place Sydney ECQ and ECQ XL Ed.Square Ed.Square Town Centre Fairwater Midtown MacPark Rhodes Corporate Park The Gallery The Waterfront, Shell Cove 8 assets S$0.4 b 5 assets S$0.7 b 25 active projects Unrecognised residential revenue² The map above is a modified and/or derivative version of a work taken from commons.wikimedia.org/wiki/File:Australia location map.svg under a Creative Commons license. NB: All references to units include apartments, houses and land lots. 1. Gross - 14,091. 2. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 3. Comprises unsold units and land bank. 4. Comprises commercial and retail property assets in Australia in which the Group has an interest, including assets held by FLCT. 5. Real Utilities is a licensed energy business wholly owned by Frasers Property Australia. 6. Photovoltaic. 7. As at 30 September 2023. We are Frasers Property 72 22#73Frasers Property Industrial Business Unit Overview UK • 6 REIT assets The Netherlands ⚫ 6 REIT assets Germany .29 REIT assets .19 Non-REIT assets 3 Non-REIT assets • Singapore 1 REIT asset Australia • 65 REIT assets • 36 Non-REIT assets 4.3 m sqm Total NLA Total strategic land bank • • Multi-national expertise in the industrial property sector • . Capabilities in development management, asset management and investment management Network positioned to support customers' businesses across geographies Leveraging the Group's collective experience and scope Ability to leverage existing strong connections in Southeast Asia through FPT Sustainability . Frasers Property Industrial has received approval from the Science Based Targets initiative (SBTi) for its near-term emission reduction targets and has received the first 6 Star Green Star Communities rating for an industrial estate in Australia at The YARDS in Western Sydney Industrial & Logistics NLA breakdown² (sqm) Non-REIT EU, 612,561, 16% REIT UK, 47,264,1% S$11.0 b 165 assets S$2.0 b Total AUM1 36 assets Australia non- REIT portfolio 2.4 m sqm S$0.8 b 22 assets EU non-REIT portfolio ~S$400 - 600 m GDV of facilities delivered annually REIT EU, 943,643, 24% Total 3,947,693 REIT AU, 1,314,531, 33% Commercial & Business Park NLA breakdown² (sqm) REIT Singapore, 96,088 27% Total 352,245 REIT AU, 145,376, 41% Non-REIT AU, 1,029,694, 26% REIT UK, 110,781, 32% 1. Comprises industrial & logistics property assets in Australia, Germany and the Netherlands in which the Group has an interest, as well as industrial & logistics and commercial & business parks assets held by FLCT. 2. As at 30 September 2023 We are Frasers Property 73#74• Frasers Property Industrial REIT-FLCT 22.3% stake in logistics & commercial trust with 107 quality properties . FLCT is a constituent of the STI (Straits Times Index) S$6.4 b Portfolio value¹ • FLCT is a constituent of the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) 107 Properties in major developed countries Country Properties Portfolio value1 FY2023 Adjusted NPI • Logistics & Industrial - 61 assets Australia S$3.3 b • Commercial - 4 assets Germany Singapore UK Logistics & Industrial - 29 assets S$1.5 b • Commercial - 1 asset S$0.7 b S$311.4 m • Commercial - 3 assets S$0.6 b Logistics & Industrial - 3 assets The Netherlands Logistics & Industrial - 6 assets S$0.3 b 2-22 Efficient Drive, Truganina, Victoria, Australia Note: All portfolio metrics presented exclude the investment property under development and right-of-use assets. 1. As at 30 September 2023. We are Frasers Property 74#75Frasers Hospitality Business Unit Overview Well-established hospitality brands with quality assets in prime locations • Strong and established international footprint • Scalable operations in 21 countries and 73 cities Germany UK France • Switzerland Breakdown of total units by geography² Total: 13,666 14,000 12,000 3,417 10,000 Spain Turkey China South Korea ●●Japan 8,000 S$4.1 b Hospitality Saudi Arabia Bahrain Qatar 53 assets AUM1 Hong Kong 6,000 Thailand Oman 10,249 Nigeria Cambodia Vietnam Malaysia S$2.4 b Hospitality non-REIT 4,000 Singapore 39 assets portfolio 2,000 Indonesia Australia Total: 5,824 133 5,691 0 Owned properties Asia-Pacific Properties under management contracts ■ Operational NB: Figures include both directly-owned properties, and properties owned through FHT. 1. Comprises hospitality property assets in which the Group has an interest, including assets held by FHT. 2. As at 30 September 2023. Europe, Middle East, and Africa ■ Pipeline 75#76• Frasers Hospitality Stapled Trust - FHT 25.8% stake in global hotel and serviced residence trust; 14 quality assets Country Singapore Properties 1 hotel 9 Gateway cities Portfolio value 1,2,3 FY23 NPI S$815.0 m 35% 1 serviced residence (42%) 3,477 Keys • 2 hotels S$434.1 m Australia 26% • 1 serviced residence (A$494.0 m) (23%) 2 hotels United Kingdom 4 serviced residences S$312.7 m (£187.6 m) (16%) 18% 7777 S$156.9 m Japan 1 hotel 5% (¥17,100.0 m) (8%) S$128.2m Malaysia • 1 hotel 8% (RM440.0 m) (7%) Germany 1 hotel S$80.7 m (€55.9 m) (4%) 8% NOVOTEL TOTAL 8 hotels • 6 serviced residences S$1,927.7 m 100% Novotel Melbourne on Collins 1. Based on exchange rates of RM1.00 = S$0.2914; ¥1.00 = S$0.009177; A$1.00 = S$0.8787; £1.00 = S$1.6671; €1.00 = S$1.4441. 2. Book value as reported by FHT and excludes right-of-use asset. The Group adjusted the book value to reflect its freehold valuation in the property. 3. Rounding differences apply. We are Frasers Property 76#77Frasers Property Thailand Business Unit Overview Chiang Mai Chiang Rai Lumphun Udon Thani Khon Kean Nakhon Ratchasima Bangkok Ayutthaya Nonthaburi Pathum Thani Bangkok Prachinburi Samut Sakhon Samut Prakan Chachoengsao Chonburi Rayong S$3.4 b 975 assets S$1.0 b 5 assets S$0.3 b 1,080 keys S$2.3 b 2 REITS S$0.05 b 78 active projects Warehouse & Factory AUM³ Office & Retail AUM³ Hospitality AUM³ REIT AUM Unrecognised residential revenue4,5 • • 81.8%¹ deemed interest in FPT, a leading integrated real estate platform and one of the largest property developers in Thailand Holds a -26.6% and -23.6% stake in FTREIT (portfolio value ~S$1,858.5 million) and GVREIT (portfolio value ~S$400.2 million), respectively FPL separately holds a 19.8%² effective stake in the One Bangkok project, which has 1.8 million sqm of GFA, five Grade A office towers, five luxury and lifestyle hotels, three ultra luxury condominiums, and four distinctive retail precincts Commercial & Retail NLA breakdown (sqm) Industrial & Logistics NLA breakdown 6 (sqm) Non-REIT, 147,187, Industrial & Logistics 60% Total ● Residential 247,187 • Commercial Non-REIT, 1,254,651, 36% Total 3,465,4497 REIT, REIT, 100,000, 40% 2,210,798, 64% The map above is a modified and/or derivative version of a work taken from commons.wikimedia.org/wiki/File:Thailand location map.svg under a Creative Commons license. 1. As at 30 September 2023, FPL holds approximately 38.3% through its wholly owned subsidiary, FPHT, and 43.5% through Frasers Assets Co., Ltd, a 49:51 JV with TCC Assets Co., Ltd ("TCCAT"). 2. TCCAT and FPHT have an effective economic interest of 80.2% and 19.8%, respectively, in the One Bangkok project. 3. Comprises property assets in Thailand in which the Group has an interest. 4. Includes the Group's subsidiaries at 100%. 5. Includes options signed. 6. As at 30 September 2023. 7. Includes a portfolio of industrial and logistics assets in Indonesia with 149,656 sqm of NLA. We are Frasers Property 77#78Frasers Property Vietnam Business Unit Overview Building an integrated platform with a sustainable portfolio • • Commercial: office NLA of ~22,500 sqm Industrial: total land area of ~1,294,000 sqm, total NLA of ~680,000 sqm Completed NLA ~40,000 sqm, NLA under development ~145,000 sqm, NLA in land bank - 495,000 sqm 5 Melinh Point, Ho Chi Minh City Grade A office building in CBD, Ho Chi Minh City • NLA of 17,500 sqm WORCO ential MELIA Worc@Q2², Ho Chi Minh City Service office tower in District 2, Thu Duc City, Ho Chi Minh City • NLA of 5,000 sqm • Industrial Service Centre, BDIP³, Binh Duong province 518,294 sqm of industrial land in • Binh Duong Province for development and strategic divestment BDIP has an estimated total development ~ value of S$180 million with over 220,000 sqm of facilities • Artist's impression of a project component4, northern Vietnam 775,819 sqm of industrial land in northern Vietnam Estimated total development - value of S$320.5 million with ~460,000 sqm of facilities expected to be delivered from FY24 to FY27 expected to be delivered by FY26 1. FPL holds a 75% stake through its indirectly wholly owned subsidiary, MLP Co Pte. Ltd. 2. FPL holds a 70% stake through its indirectly wholly-owned subsidiary, FCL Imperial Pte. Ltd. 3. BDIP is wholly owned by FPT. 4. FPL holds a 51% stake through its indirect wholly owned subsidiary, Frasers Property Investments (Vietnam) 1 Pte. Ltd. 5. Including land pending completion of acquisition. 6. BDIP total land area is 588,443 sqm, of which 70,149 sqm was divested in FY23. We are Frasers Property 78#79Frasers Property China Business Unit Overview Owner, developer and operator of a diverse portfolio of properties in China • • • ~8,6001 homes built to date 7 development projects ~551 units residential inventory S$0.9 billion² unrecognised revenue, a 98.8% Y-o-Y increase . Baitang One, Suzhou 4,006 apartments and 32 villas in total Development completed in 4Q FY19 Opus One, Shanghai Development of 485 units³ completed in 1Q FY22 - the Group's effective interest of 8.75% translates to ~42 units 1-Star China Green Building Label • Chengdu Logistics Hub Total GFA of 585,000 sqm . 22,236 sqm4 land bank area • Gemdale Megacity, Shanghai 7,161 units in total 101 units under development -the Group's effective interest of 45% translates to ~45 units • Club Tree, Shanghai 1,880 units under development - the Group's effective interest of 15% translates to ~282 units 2-Star China Green Building Label Galaxy Nanmen, Shanghai 796 units under development -the Group's effective interest of 12% translates to ~96 units 1-Star China Green Building Label UK BREEAM 4-Star Upview Malu, Shanghai 1,013 units under development - the Group's effective interest of 12% translates to ~122 units 1-Star China Green Building Label Palace of Yunjian, Shanghai 838 units under development - the Group's effective interest of 20% translates to ~168 units Upview Hongqiao, Shanghai 886 units under development -the Group's effective interest of 25% translates to ~222 units • 2-Star China Green Building Label • 1-Star China Green Building Label UK BREEAM 5-Star6 1. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates at their effective share. 2. Including the Group's effective interest in an associate and JVs. 3. Comprising 359 residential units and 126 long-term lease units, as well as 1,500 sqm of commercial space; excludes social housing. 4. Consists of both warehouse and office with a total of 179 units based on concept design; 80% effective stake. 5. Consists of 101 retail units; 45% effective stake. 6. For sales gallery / showflat. We are Frasers Property 1 79#80Frasers Property UK Business Unit Overview Hillington S$1.6 b 7 assets S$1.1 b 4 assets Business park AUM1 Business park non-REIT portfolio Cheshire BVP and Connexion Worcester Six One of the largest business parks owners and/or managers in the UK • Seven business park assets with a portfolio NLA of ~526,000 sqm let to ~410 tenants • • Five located west of London along the M3 and M4 corridors, including two managed on behalf of FLCT One in Glasgow, Scotland; and One outside Birmingham, strategically located, managed on behalf of FLCT Manage three industrial assets ~47,000 sqm with eight tenants on behalf of FLCT Two outside Birmingham (Connexion I and II), strategically located; and • One in Worcester (Worcester Six)4 One forward-funded development project managed on behalf of FLCT - Cheshire Commercial and residential developer • Over 1,165 homes built to date The Rowe³, Central London with ~15,000 sqm of office space UK business parks NLA breakdown² (sqm) • Winnersh Triangle Maxis Riverside Quarter Chineham Lakeshore Farnborough South East Business parks UK Residential properties FLCT properties REIT, 110,920, 21% Total Non-REIT, 414,730, 79% 525,650 The map above is a modified and/or derivative version of a work taken from commons.wikimedia.org/wiki/File:United_Kingdom_location_map.svg under a Creative Commons license. 1. Comprises property assets in the UK in which the Group has an interest, including assets held by FLCT. 2. As at 30 September 2023. 3. Reached practical completion in December 2022 (1Q FY23). 4. Reached practical completion during 2Q FY23. We are Frasers Property 80#81Samyan Mitrtown, C asean Samyan CO-OP, Bangkok, Thailand Appendix II FRASERS PROPERTY 81#82Frasers Property Singapore Notes on profit recognition 1 Estimated total saleable area² ('000 sqm) 475 Target completion date TOP attained on 17 January 2023 3Q FY24 1Q FY26 Project Effective share (%) Total no. of units² % of units sold 3 % completed 4 Rivière 100 4555 100.0 100.0 Parc Greenwich (EC) Sky Eden@Bedok 80 496 99.6 73.5 50 100 1586 82.96 10.56 146 1. Profit is recognised based on sales & purchase agreement signed and on a percentage of completion basis except for executive condominiums, which are on a completion basis. 2. Includes 100% of JVs. 3. As at 30 September 2023 based on sales & purchase agreements signed. 4. As at 30 September 2023. 5. Excluding 72 serviced residence units. 6. Excluding 12 commercial units. We are Frasers Property 2 82#83Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Estimated total Project¹ Effective share (%) Total no. of units 2 Total no. of units (consolidation)³ % of units sold Estimated total saleable area² ('000 sqm) saleable area Target (consolidation)³ completion date ('000 sqm) East Perth (Queens Riverside, Lily Apt) - HD, WA 100 125 125 100.0 12.4 12.4 Completed East Perth (Queens Riverside, Lily Retail) - R, WA 100 5 5 80.0 0.6 0.6 Completed Parkview (Social Apt) - HD, VIC 50 153 77 100.0 5.6 2.8 Completed East Perth (Queens Riverside, QIII Retail) -R, WA 100 6 6 33.3 0.9 0.9 Completed Edmondson Park (Ed.Square, The Emerson Apt) - HD, NSW 100 91 91 100.0 8.2 8.2 Completed Burwood East (Burwood Brickworks, Ardent Collection Apt) - HD, VIC 100 94 94 100.0 5.3 5.3 Completed Burwood East (Burwood Brickworks, The Terrace Apt) - HD, VIC 100 135 135 100.0 6.1 6.1 Completed Carina (Minnippi Quarter) - MD/L4, QLD 100 193 193 99.5 n/a n/a Completed Burwood East (Burwood Brickworks) - MD/L4, VIC 100 259 259 100.0 n/a n/a 1Q FY24 Carlton (Carlton, Encompass Apt) - HD, VIC 65 115 75 99.1 7.5 4.9 1Q FY24 Macquarie Park (Midtown, Mac Apt) - HD, NSW 50 269 135 97.4 17.9 8.9 1Q FY24 Shell Cove (The Waterfront, Shell Cove, Ancora Apt) - HD5, NSW Shell Cove (The Waterfront, Shell Cove, Nautilus Apt) - HD5, NSW Macquarie Park (Midtown, Affordable Apt) - HD5, NSW 50 64 32 100.0 5.9 3.0 1Q FY24 50 116 58 100.0 10.9 5.5 1Q FY24 100 130 130 100.0 8.8 8.8 2Q FY24 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. L-Land, H/MD - Housing / medium density, HD - High density, R- Mixed use retail. 2. Includes 100% of JOS, JVs and PDAs. 3. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 4. There are a number of land lots; profit is recognised when land lots are settled; target completion date is the target date for the sale of the last land lot. We are Frasers Property 83#84Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Estimated Estimated total Project¹ Effective share (%) Total no. of units² Total no. of units (consolidation)³ % of units sold total saleable saleable area Target area² (consolidation) ³ completion date ('000 sqm) ('000 sqm) Macquarie Park (Midtown, Soul Apt) - HD5, NSW 100 107 107 77.6 7.5 7.5 2Q FY24 Edmondson Park (Ed.Square, The Arlington Apt) - HD, NSW 100 73 73 100.0 6.5 6.5 1Q FY25 Edmondson Park (Ed.Square, The Clifton Apt) - HD, NSW 100 45 45 95.6 4.1 4.1 1Q FY25 Blacktown (Fairwater) - MD, NSW 100 808 808 99.0 n/a n/a 4Q FY25 Lidcombe (The Gallery) - H/MD, NSW 100 115 115 87.0 n/a n/a 4Q FY25 Macquarie Park (Midtown, Treehouse Apt) - HD, NSW 50 162 81 51.9 12.0 6.0 1Q FY26 Tarneit (The Grove) - L4, VIC 50 1,778 889 71.4 n/a n/a 2Q FY26 Shell Cove (The Waterfront, Shell Cove, Vela Apt) — HD5, NSW 50 52 26 30.8 6.3 3.1 3Q FY26 Baldivis (Baldivis Grove) -L4, WA 100 379 379 74.1 n/a n/a 4Q FY26 Hamilton (Hamilton Reach) - MD, QLD Bahrs Scrub (Brookhaven) - L4, QLD Wyndham Vale (Mambourin) - L4, VIC Clyde North (Berwick Waters) - L4,5, VIC The Quarry (Keperra) - MD/L4, QLD 100 299 299 9.4 n/a n/a 1Q FY27 100 1,974 1,974 64.7 n/a n/a 4Q FY27 100 1,372 1,372 61.7 n/a n/a 4Q FY27 45 1,987 894 72.1 n/a n/a 100 488 488 1.4 n/a n/a 2Q FY28 3Q FY28 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. L- Land, H/MD - Housing / medium density, HD - High density, R- Mixed use retail. 2. Includes 100% of JOS, JVs and PDAS. 3. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 4. There are a number of land lots; profit is recognised when land lots are settled; target completion date is the target date for the sale of the last land lot. We are Frasers Property - 84#85Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Estimated Estimated total Project¹ Effective share (%) Total no. of units² Total no. of units (consolidation)³ % of units sold total saleable saleable area Target area² ('000 sqm) (consolidation)³ completion date ('000 sqm) Shell Cove (The Waterfront, Shell Cove) - MD/L4,5, NSW 50 2,666 1,333 92.4 n/a n/a 4Q FY28 Baldivis (Baldivis Parks) - L4, WA 50 985 493 56.8 n/a n/a 2Q FY29 Edmondson Park (Ed.Square) - MD, NSW 100 694 694 49.7 n/a n/a 4Q FY29 Mandurah (Frasers Landing) - L4, WA 100 608 608 56.7 n/a n/a 4Q FY29 Clyde North (Five Farms) - L4,5, VIC 61 1,608 981 24.1 n/a n/a 1Q FY30 North Coogee (Port Coogee) - L4, WA 100 623 623 33.4 n/a n/a 4Q FY34 Wallan (Wallara Waters) - L4, VIC 50 1,969 985 43.9 n/a n/a 4Q FY34 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. L- Land, H/MD - Housing / medium density, HD - High density, R - Mixed use retail. 2. Includes 100% of JOS, JVs and PDAS. 3. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 4. There are a number of land lots; profit is recognised when land lots are settled; target completion date is the target date for the sale of the last land lot. We are Frasers Property 85#86Frasers Property Australia Residential - Land bank Project¹ Effective share (%) Estimated total no. of units² units (consolidation)³ Estimated total no. of Estimated total saleable area² Estimated total saleable area (consolidation)³ ('000 sqm) ('000 sqm) New Beith L, QLD Macquarie Park (Midtown) - HD4, NSW 100 2,153 2,153.0 913.8 913.8 100 1,646 1,646.0 131.7 131.7 Yarraville (Bradmill Yarraville) - HD/MD/R, VIC 50 1,361 680.5 170.6 85.3 Parkville (Parkside Parkville) - HD, VIC 50 395 197.5 20.8 13.2 Shell Cove (The Waterfront, Shell Cove) - HD4, NSW 50 377 188.5 23.1 11.5 Edmondson Park (Ed.Square) - HD, NSW 100 376 376.0 44.1 44.1 Cockburn Central (Cockburn Living) - H/MD, WA 100 346 346.0 34.4 34.4 Newstead (Chester Street) - HD, QLD 100 145 145.0 18.6 18.6 We are Frasers Property NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. L- Land, H/MD - Housing / medium density, HD - High density, R- Mixed use retail. 2. Includes 100% of JOS, JVs and PDAS. 3. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 86 98#87Frasers Property Australia Retail - Land bank Site Wyndham Vale (Mambourin, Stage 1), VIC Effective share (%) 100 Estimated total saleable area ('000 sqm) 7.2 We are Frasers Property 87#88Frasers Property Australia Build-to-Rent - Notes on profit recognition Project¹ Fortitude Valley (Brunswick & Co.) - HD, QLD 1. L- Land, H/MD - Housing / medium density, HD - High density, R - Mixed use retail. 2. Includes 100% of JOS, JVs and PDAs. We are Frasers Property Effective share (%) Total no. of units² 100 366 Target completion date 2Q FY25 88#89Frasers Property Industrial Notes on profit recognition Australia Development for internal pipeline The YARDS, Kemps Creek West, (Techtronic Industries (TTI)), NSW Vantage Yatala, Stapylton, (Prelease11), QLD The YARDS, Kemps Creek West, (Prelease2¹), NSW 4Ten Epping, Epping (GMK Logistics), VIC Canvas West, Tarneit, (National Tiles & Spec), VIC Canvas West, Tarneit, (Komatsu & Spec), VIC Effective share (%) Total area ('000 sqm) % to go Target completion date 49.9 74.1 16 1Q FY24 100 36.5 28 1Q FY24 49.9 29.2 57 2Q FY24 100 27.4 55 2Q FY24 100 27.6 47 2Q FY24 100 25.1 49 2Q FY24 The YARDS, Kemps Creek West, (Ardex), NSW 49.9 26.3 52 2Q FY24 The YARDS, Kemps Creek West, (SEKO Logistics), NSW 49.9 30.6 74 3Q FY24 The YARDS, Kemps Creek West, (Spec), NSW 49.9 16.8 99 4Q FY24 SC1 Archerfield, Archerfield, (EFM Logistics & Spec), QLD 100 31.3 99 4Q FY24 The YARDS, Kemps Creek West, (Spec), NSW 49.9 18.1 99 1Q FY25 The YARDS, Kemps Creek West, (Probiotec), NSW 49.9 36.0 97 1Q FY25 Rubix Connect, Dandenong South (Penguin Random House & Spec), VIC 100 52.2 100 1Q FY25 1. Lease has been signed, confidential. We are Frasers Property 89#90Frasers Property Industrial Notes on profit recognition Australia - Development for third party sale Macquarie Exchange, MQX4, Macquarie Park (Ascendas REIT), NSW EU - Development for internal pipeline KAN Logistics Park, Veilingweg 16, Bemmel - Stage 1 CityLog Campus Breda, Lageweg 15, Breda - De Posthoren The Tube, Dusseldorf, Germany We are Frasers Property Effective share (%) Total area ('000 sqm) % to go Target completion date 50 19.5 4 1Q FY24 Effective share (%) Total area ('000 sqm) % to go Target completion date 100 33.3 17 1Q FY24 100 47.4 100 4Q FY24 100 77.8 100 1Q FY25 90#91Frasers Property Industrial Land bank Australia Industrial Kemps Creek East, NSW Horsley Park, NSW Stapylton, QLD Craigieburn, VIC Epping, VIC Cobblebank, VIC Kemps Creek West, NSW Dandenong South, VIC Tarneit, VIC Estimated total saleable area Effective share (%) Туре ('000 sqm) 100 Industrial 576.7 100 Industrial 335.5 100 Industrial 303.9 100 Industrial 271.3 100 Industrial 234.2 100 Industrial 204.6 49.9 Industrial 101.7 100 Industrial 75.2 100 Industrial 14.2 Australia Commercial Macquarie Park, NSW Mulgrave, VIC Effective share (%) 50 50 Type Suburban Office Suburban Office 1. Area is based on 100% estimated NLA. We are Frasers Property Estimated total saleable area ('000 sqm) 58.61 32.0 91#92Frasers Property Industrial Land bank EU Industrial Gunzburg, Germany1 Gaggenau, Germany1 Bemmel (Stage 2), the Netherlands Landsberg, Germany 1. Operating assets earmarked for future redevelopment. We are Frasers Property Effective share (%) Туре Estimated total saleable area ('000 sqm) 94.9 Industrial 97.0 100 Industrial 78.8 100 Industrial 53.0 100 Industrial 50.6 22 92#93Frasers Property Thailand Residential - Notes on profit recognition Project De Pine Golden Prestige Watcharapol-Sukhaphiban Golden Town 3 Bangna-Suanluang Golden Town Srinakarin-Sukhumvit Golden Town Vibhavadi-Chaengwattana The Island (Courtyard) Golden City Sathorn Golden Town Sukhumvit-Lasalle Effective share (%) Total no. of units¹ % of units sold Estimated total saleable area Target completion ('000 sqm) date 59.4 213 99.5 99.1 Completed 59.4 152 99.3 38.3 Completed 59.4 379 99.7 27.9 Completed 59.4 405 99.8 30.6 Completed 59.4 330 98.5 25.4 Completed 59.4 89 98.9 46.4 Completed 59.4 119 97.5 10.6 Completed 59.4 239 93.7 17.4 Completed Golden Town 2 Bangkae 59.4 312 86.2 22.8 Completed Golden Neo Chaengwattana-Muang Thong 59.4 156 86.5 24.3 2Q FY24 Golden Neo Korat-Terminal 59.4 491 85.5 46.3 2Q FY24 Golden Town Ramintra-Wongwaen 59.4 478 88.5 36.7 2Q FY24 Golden Town Sathorn 59.4 392 86.7 29.6 2Q FY24 Golden Town Sriracha-Assumption 59.4 476 92.0 38.9 2Q FY24 Grandio Bangkae 59.4 257 86.8 62.3 2Q FY24 Grandio Petchkasem 81 59.4 107 85.0 23.5 2Q FY24 Golden City Chaengwattana-Muang Thong 59.4 167 81.4 14.1 3Q FY24 Golden Neo 2 Ramintra-Wongwaen 59.4 167 76.6 25.3 3Q FY24 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. Includes the Group's subsidiaries at 100% We are Frasers Property 93#94Frasers Property Thailand Residential - Notes on profit recognition Project Golden Neo Khonkaen-Bueng Kaennakhon Grandio Suksawat-Rama 3 Effective share (%) Total no. of units¹ % of units sold Estimated total saleable area Target completion ('000 sqm) date 59.4 261 67.4 22.7 3Q FY24 59.4 96 69.8 24.3 3Q FY24 Golden Town 4 Ladphrao-Kasetnawamin 59.4 128 43.0 10.7 4Q FY24 Golden Town Ayutthaya 59.4 455 81.1 33.5 4Q FY24 Golden Village Chiang Rai-BigCAirport 59.4 99 74.7 17.4 4Q FY24 The Grand Vibhavadi 60 59.4 31 48.4 7.9 1Q FY25 Golden Town 2 Srinakarin-Sukhumvit 59.4 491 62.1 36.5 2Q FY25 Golden Town 3 Rama 2 59.4 424 67.0 30.0 2Q FY25 Golden Town Charoenmuang-Superhighway 59.4 131 71.8 10.0 2Q FY25 Golden Town Kaset-Nawamin 59.4 124 4.0 10.6 2Q FY25 Neo home Udon-Prachasanti 59.4 147 36.7 25.6 2Q FY25 The Grand Lux Bangna-Suanluang 59.4 61 67.2 32.2 2Q FY25 Alpina Golden Town Siriraj-Ratchapruek Grandio Vibhavadi-Rangsit 59.4 131 81.7 87.3 3Q FY25 59.4 254 49.2 20.5 3Q FY25 59.4 237 62.4 68.0 3Q FY25 Neo home 2 Korat-Terminal Golden Town Ratchapruk - Rama 5 Golden Neo 3 Rama 2 59.4 244 37.7 40.1 3Q FY25 59.4 193 48.7 15.9 4Q FY25 59.4 212 59.9 33.0 1Q FY26 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. Includes the Group's subsidiaries at 100% We are Frasers Property 94#95Frasers Property Thailand Residential - Notes on profit recognition Project Golden Town Ngamwongwan-Khae Rai Golden Town Petchkasem 81 Golden Town Phaholyothin-Saphanmai Golden Town Rattanathibet-WestGate Golden Town Tiwanon-Chaengwattana Effective share (%) Total no. of units¹ % of units sold ('000 sqm) Estimated total saleable area Target completion date 59.4 321 64.5 23.9 1Q FY26 59.4 314 55.4 23.3 1Q FY26 59.4 495 65.1 36.4 1Q FY26 59.4 290 58.6 20.9 1Q FY26 59.4 361 61.5 26.1 1Q FY26 Prestige Rama 9-Krungthepkreetha 59.4 114 49.1 23.2 1Q FY26 The Royal Residence 59.4 31 3.2 30.4 1Q FY26 Golden Town Petchkasem-Liap Khlong Thawi Watthana 59.4 312 29.5 22.7 2Q FY26 Grandio Sathorn 59.4 170 45.3 46.7 2Q FY26 Alpina Rama 2 59.4 72 0.0 32.4 3Q FY26 Golden Town Future - Rangsit 59.4 269 33.1 20.5 3Q FY26 Golden Town Phaholyothin-Lumlukka Grandio 2 Vibhavadi-Rangsit Neo Home Bangkae Golden Neo Ngamwongwan-Prachachuen 59.4 378 52.6 27.2 3Q FY26 59.4 112 35.7 26.2 3Q FY26 59.4 40 10.0 7.4 3Q FY26 59.4 118 35.6 19.1 4Q FY26 Golden Neo Chachoengsao-Ban Pho 59.4 409 50.9 36.1 1Q FY27 Golden Town Vibhavadi-Rangsit 59.4 398 48.0 28.8 1Q FY27 Neo Home Angsila-Sukhumvit 59.4 181 30.9 30.2 1Q FY27 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. Includes the Group's subsidiaries at 100% We are Frasers Property 95#96Frasers Property Thailand Residential - Notes on profit recognition Project Golden Neo Sukhumvit-Lasalle Effective share (%) Total no. of units¹ % of units sold ('000 sqm) Estimated total saleable area Target completion date 59.4 154 37.0 25.4 3Q FY27 Golden Town Chiang Mai-Kad Ruamchok 59.4 398 41.7 28.9 3Q FY27 Grandio Bangna Km.5 Grandio Ramintra-Wongwaen 59.4 172 19.8 19.7 3Q FY27 59.4 259 44.8 65.2 3Q FY27 Neo Home Rattanathibet-Ratchapruek 59.4 124 25.0 20.0 3Q FY27 Prestige Future-Rangsit 59.4 367 26.2 66.6 1Q FY28 Grandio Chaengwattana-Muang Thong 59.4 140 0.0 39.3 2Q FY28 Grandio Rattanathibet-Ratchapruek 59.4 146 11.6 38.0 1Q FY29 Golden Neo Siriraj-Ratchapruek 59.4 186 25.8 37.4 2Q FY29 Golden Town Chiangrai-BigCAirport Golden Town 2 Ramintra-Wongwaen Golden Town Angsila-Sukhumvit Golden Neo 2 Bangna-Kingkaew Prestige Rama2 Golden Town 2 Sathorn Golden Town Rama 9-Krungthepkreetha Golden Town Bangna Km.5 59.4 353 42.5 25.4 2Q FY29 59.4 289 27.3 20.7 3Q FY29 59.4 492 28.0 37.2 3Q FY29 59.4 372 40.1 59.0 4Q FY29 59.4 169 11.8 32.7 4Q FY29 59.4 90 6.7 7.9 3Q FY30 59.4 303 12.9 23.1 4Q FY30 59.4 470 10.6 35.5 2Q FY32 Golden Neo Suksawat-Rama 3 59.4 292 19.2 32.1 2Q FY33 Golden Town Suksawat-Rama 3 59.4 433 15.7 32.0 3Q FY33 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. Includes the Group's subsidiaries at 100% We are Frasers Property 96#97Frasers Property Thailand Residential - Notes on profit recognition Project Grandio Future Rangsit Golden Town Rangsit - Klong 3 Grandio 2 Rama 2 Prestige 2 Rama 2 Golden Town 4 Rama 2 Effective share (%) Total no. of units¹ % of units sold Estimated total saleable area Target completion ('000 sqm) date 59.4 258 4.7 67.8 4Q FY33 59.4 495 22.8 35.4 1Q FY34 59.4 276 8.0 71.3 1Q FY34 59.4 223 0.4 47.1 4Q FY41 59.4 352 1.4 25.7 2Q FY52 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. 1. Includes the Group's subsidiaries at 100% We are Frasers Property 97#98Frasers Property Thailand Residential - Land bank Site Bangna Rama 2 Chiangrai Ramintra Rangsit Sukhumvit Ladphrao-Kasetnawamin Sathorn Suk Sawat Effective share (%) Estimated total no. of units¹ Estimated total saleable area ('000 sqm) 59.4 1 5.2 59.4 844 88.7 59.4 371 70.1 59.4 132 12.9 59.4 781 148.6 59.4 533 69.2 59.4 89 26.4 59.4 142 12.2 59.4 1 7.0 Khonkaen 59.4 213 44.7 Korat-Nakhon Ratchasima 59.4 428 64.0 1. Includes the Group's subsidiaries at 100% We are Frasers Property 98#99Frasers Property Thailand Industrial & Logistics - Notes on profit recognition Development for internal pipeline Bangkok Logistics Park, Puchaosamingprai Samutprakarn Frasers Property Logistics Center Bangplee 7 Samutprakarn (Phase 3) Frasers Property Logistics Center Bangplee 5 Samutprakarn Frasers Property Logistics Center Bangplee 4 Samutprakarn (W5,W6, W7) Frasers Property Logistics Center Klongjig Ayutthaya We are Frasers Property Effective share (%) Total area ('000 sqm) Target completion date 44.7 31 2Q FY24 59.6 10 2Q FY24 59.6 10 3Q FY24 59.6 56 3Q FY25 59.6 80 88 4Q FY25 99#100Frasers Property Thailand Industrial & Logistics - Land bank Site Northern Bangkok Central Region Eastern Region Outer Region Northern Bangkok Central Region Eastern Region Outer Region We are Frasers Property Effective share (%) Type Total land area ('000 sqm) 59.6 Industrial 195 59.6 Industrial 80 59.6 Industrial 234 59.6 Industrial 723 59.6 Logistics 732 59.6 Logistics 893 59.6 Logistics 1,331 59.6 Logistics 716 100#101Frasers Property China Notes on profit recognition¹ Project Baitang One (Phase 3B), Suzhou Effective share (%) Gross total Effective total % of units no. of units² no. of units³ sold4 ('000 sqm) Estimated gross total saleable area Estimated effective total saleable area ('000 sqm) Target completion date 100 380 380 91.6 58 58 Completed Chengdu Logistics Hub (Phase 4), Chengdu 80 358 358 97.5 164 164 Completed Gemdale Megacity (Phase 2A), Songjiang, Shanghai - retail Gemdale Megacity (Phase 3C), Songjiang, Shanghai - retail 45 22 10 100.0 4 2 Completed 45 71 32 91.5 8 4 Completed Gemdale Megacity (Phase 4F), Songjiang, Shanghai - retail Gemdale Megacity (Phase 4D), Songjiang, Shanghai - retail 45 3 1 66.7 0.2 0.1 Completed 45 11 5 81.8 1 0.5 Completed Opus One5,6, Xuhui, Shanghai 8.75 359 31 100.0 39 3 Completed Club Tree, Songjiang, Shanghai 15 1,826 274 99.6 201 30 1Q FY24 Galaxy Nanmen5, Jiading, Shanghai Palace of Yunjian, Songjiang, Shanghai Upview Hongqiao, Qingpu, Shanghai Upview Malu, Jiading, Shanghai 2222 12 796 96 96 100.0 88 11 2Q FY24 20 791 158 98.4 88 18 1Q FY25 25 886 222 99.5 84 21 12 1,013 122 98.9 105 23 1Q FY25 13 2Q FY25 1. Profit is recognised on completion basis. 2. All references to units exclude carparks. Including 100% of JVs. 3. All references to units exclude carparks. Includes the Group's effective interest of equity-accounted JVs and associates. 4. As at 30 September 2023, based on sales & purchase agreements signed. 5. Accounted for as a JV. 6. The development scheme excludes 126 long-term lease apartments. We are Frasers Property 101#102Frasers Property China Land bank Site Effective share (%) Estimated gross total no. of units 1 Estimated effective total no. of units 2 Estimated gross total saleable area ('000 sqm) Estimated effective total saleable area² ('000 sqm) Chengdu Logistics Hub (Phase 2A), Chengdu 80 1793 179 81 81 Gemdale Megacity (Phase 4E), Songjiang, Shanghai 45 1014 46 12 5 Club Tree, Songjiang, Shanghai 15 545 8 5 1 Palace of Yunjian, Songjiang, Shanghai 20 475 9 сл 5 1 1. Includes 100% of JVS. 2. Includes the Group's effective stakes of equity-accounted JVs and associates. 3. Warehouse/office units. 4. Retail units. 5. Residential units. We are Frasers Property 102#103Frasers Property UK Notes on profit recognition 1 Residential Project Seven Riverside Quarter Nine Riverside Quarter 1. Profit is recognised on completion basis. 2. Includes affordable units. We are Frasers Property Effective share (%) Total no. of units² % of units sold 100 100 87 93% Estimated total saleable area ('000 sqm) 8.4 Target completion date Completed 172 71% 18.6 Completed 103#104Inspiring experiences, creating places for good. FRASERS PROPERTY