#1Financial Results for the full year ended 30 September 2022 11 November 2022 FRASERS PROPERTY Grandio Rattanathibet-Ratchaphruek, Bangkok, 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 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 FPHT: Frasers Property Holdings Thailand Co., Ltd The Group: Frasers Property Limited, together FPI Frasers Property Industrial FPL or Frasers Property: Frasers Property Limited FPT Frasers Property (Thailand) Public Company Limited with its subsidiaries Additional notes . • • 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. All exchange rates are as at period end, unless otherwise stated. о S$/A$ 0.9188 О S$/€ 1.4074 S$/THB 0.0379 o S$/1,000 VND 0.06024 Other acronyms ADR Average daily rate AEI: Asset enhancement initiative AOR Average occupancy rate ARR: Average rental rate AUM Assets under management FY Financial year GDP Gross domestic product GDV: Gross development value GFA: Gross floor area JV: Joint venture N/M: Not meaningful NLA Net lettable area We are Frasers Property NSW New South Wales QLD: Queensland Q-o-Q Quarter-on-quarter REIT Real estate investment trust RevPAR: Revenue per available room SBU Strategic business unit sqm Square metres UK United Kingdom VIC Victoria WALE Weighted average lease expiry Y-o-Y: Year-on-year О S$/RMB 0.2016 о S$/£: 1.6037 3#4The PARQ, Bangkok, Thailand Contents Key Highlights Results and Financials Business Unit Highlights . Singapore Australia • Industrial • Hospitality Thailand & Vietnam Others Appendices 4#5Minnippi Quarter, QLD, Australia Key Highlights FRASERS PROPERTY 5#6Financial performance reflects improved operating environment in FY22 Higher earnings from operations offset by absence of unrealised valuation gain on change in use¹ in Industrial business Revenue S$3,877.0 m ▲ 3.0%² Cash & deposits S$3.3 b 12.1%² PBIT3 S$1,249.2 m ▼ 12.3%² ▲ 16.9%4 Total assets S$40.2 b 0.2%2 Attributable profit S$928.3 m ▲ 11.4%2 $ ▲ 59.6%4 Dividend per share 3.0 cents ▲ 50.0%² 1. In FY21, a portfolio of industrial and logistics properties in Australia and Europe was reclassified from properties held for sale to investment properties, and an unrealised valuation gain on the change in use was recognised as a result of the transfer. 2. In comparison to FY21. 3. Profit before interest, fair value change, taxation and exceptional items. 4. In comparison to FY21 excluding unrealised valuation gain on change in use. We are Frasers Property 6#7Embracing structural shifts and navigating macro developments Leveraging the Group's solid foundation underpinned by core capabilities Established strategic business platforms Evolving expectations for live, work and play spaces Accelerating digitalisation trends ESG1 considerations embedded in decision- making Active asset management and disciplined capital management 88 888 Strong and agile organisational backbone 1. Environmental, Social and Governance. We are Frasers Property Inflationary pressures and interest rate hikes Recessionary risks across major economies Elevated volatility due to geopolitical tensions Frasers Tower, Singapore#8Astute management of assets and capital Converting structural changes into value-add opportunities aligned to the Group's purpose Well-received residential sales launches and selective replenishment of residential land banks and/or redevelopment in markets with robust underlying demand Introduced Core and Flex commercial space solutions as part of focus on Real Estate as a Service successful We are Frasers Property 88 888 Frasers Hospitality's enhanced organisational structure improves agility to respond to changing market dynamics Launched Premium Estates concept for new industrial and logistics ("I&L") developments in Australia and Europe Continued focus on green and sustainable financing issuance of Singapore's first corporate green retail notes Creation of Frasers Property Capital to strengthen focus on capital partnerships 88 COLO 8#9Enhancing resilience through portfolio diversification Increased exposure in asset classes aligned with sectoral structural trends Reshaping our portfolio through a series of strategic initiatives focused on extending our core capabilities Total: S$33.5 b Industrial & logistics, S$11.2 b, 33% Geographically diversified exposure to developed and emerging markets Property assets 1,4 by geography (S$b) 5 China, 0.8, 2% Others, 0.8, 2% Property assets¹ by asset class Total: S$23.1 b Industrial & logistics, S$4.2 b, 18% Commercial & business parks, S$5.5 b, 24% Retail, S$4.6 b, 20% Hospitality, S$4.5 b, 19% Residential, S$4.3 b, 19% 30 Sep 17 12% CAGR2,3 Commercial & business parks, S$6.8 b, 20% Retail, S$7.2 b, 22% Hospitality, S$4.3 b, 13% Residential, S$4.0 b, 12% 30 Sep 22 Thailand, 4.2, 13% 6 Europe, 7.0, 21% Total S$33.5 b Australia, 9.2, 28% Singapore, 11.5, 34% 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to JVs and associates, properties held for sale and assets held for sale. 2. Compounded Annual Growth Rate. 3. In respect of the Group's I&L, commercial & business park and retail property assets. 4. As at 30 September 2022. 5. Including Vietnam, Malaysia, Japan and Indonesia. 6. Includes property assets in the UK of S$3.5 b (10% of total property assets). We are Frasers Property 9#10Leveraging development capabilities to create real estate value Steady replenishment and delivery of non-residential development pipeline to enhance income visibility Healthy non-residential development pipeline to drive investment portfolio growth Completed ~454,000 sqm of development projects in FY22 • • • Commercial development - Silom Edge, Bangkok, Thailand Retail development - Stage 2 of Eastern Creek Quarter, NSW, Australia -423,000 sqm of I&L developments across Australia, Europe, Thailand and Vietnam Development pipeline of ~697,000 sqm to be delivered in FY23 • ~662,000 sqm of I&L developments across Australia, Europe, Thailand, Vietnam and the UK Total: 697,000 sqm 19.5 Total: 454,000 sqm 356.8 11.3 • . Phase 2 construction at Binh Duong Industrial Park, Vietnam ~35,000 sqm of commercial and business parks developments across Australia and the UK Added -637,000 sqm of I&L land bank in Australia and Vietnam ~820,000 sqm Total I&L, commercial & retail development pipeline¹ 1. As at 30 September 2022. We are Frasers Property 185.5 78.7 44.9 15.3 33.3 40.4 Total: 123,000 sqm 20.4 96.7 27.2 12.8 152.0 96.6 83.4 Delivered in FY22 FY23 pipeline ■ Thailand I&L = Vietnam I&L ■ Europe I&L ■ UK I&L ■Australia Commercial & Business Parks FY24 pipeline ■Thailand Commercial & Retail China Retail UK Commercial & Business Parks ■Australia I&L ■Australia Retail 10 10#11Robust performance of investment properties Driven by active asset management and investment capabilities Sustaining robust operations while maintaining stable investment portfolio occupancy rates Achieved ~1,577,000¹ sqm of renewals and new leases in total across the investment properties portfolio • • • • • Strong growth in industrial and logistics renewals and new leases, well-supported by continued demand for well-located facilities due to supply chain pressures driven by e-commerce growth Repositioning and enhancements of commercial and business parks assets to meet flight to quality demand on the back of tenants' reassessment of workplace requirements Improving performance of Singapore suburban mall portfolio as retail sales and activities increase following the transition to an endemic environment Positioning to capture travel demand with five hospitality properties opened in FY22 and pre-opening of properties in China and Cambodia underway; cost containment measures continue to guide operations Renewals and new leases in FY22 96% Industrial & ~1,230,000 sqm logistics ~244,000 sqm ~103,000 sqm Commercial & business parks Retail Maintained stable investment property occupancy rates 93% 56% 99% 91% 88% 84% Singapore retail Singapore office Australia office 2 Australia & Europe industrial Thailand warehouse & factory Thailand office UK business park ■As at 30 Sep 20 ■ As at 30 Sep 21³ As at 30 Sep 22 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 11#12Prudent and selective approach for residential segment Strategic focus on markets with robust underlying demand Growing our residential development pipeline prudently • • • Achieved steady progress in terms of project development, sales and settlements across all markets despite challenges posed by both prevailing macroeconomic and pandemic-related challenges Selective pipeline replenishment and strong focus on deepest customer segments continue to sustain a healthy level of unrecognised revenue Focused on delivering quality residential developments designed with purpose and innovation in mind to meet customers' evolving needs, preferences and behaviours S$ billion 3.0 Healthy level of unrecognised revenue¹ supports earnings visibility FY22 pre- sold revenue amounted to S$2.6 billion 3,986 units settled in FY22 9,839 units sold in FY22 2.5 2.0 9,197 units launched 1.5 in FY22 0.5 0.1 0.2 1.2 15,462 pipeline units 1.0 1.3 1.1 0.5 0.8 0.2 0.0 0.1 as at 30 September 2022 FY20 FY21 ■ Singapore ■Australia ■China FY22 ■ Thailand 1. Includes the Group's effective interest of joint operations ("JOS"), JVs, project development agreements ("PDAS") and associates. We are Frasers Property 12#13Strategic multi-asset class and multi-geography focus Underpins the group's ability to navigate business cycles and generate value over time Synergistic end-to-end business space solutions provider across geographies Industrial & Logistics S$43.6 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, Continental Europe, Thailand, UK, Vietnam Australia, Singapore, Thailand, UK Australia, Singapore, Thailand Multi-geography Australia, China, Singapore, Thailand S$13.1 b AUM¹ S$9.3 b AUM1 ~7.2 m sqm GFA ~1.2 m sqm NLA S$9.9 b ~396,000 sqm AUM¹ S$4.5 b AUM¹ S$6.8 b AUM¹ NLA 72 cities ~110 active projects5 ~8.2 m sqm land bank ~1,000 tenants ~2.6 m catchment² 22 countries ~15,000 pipeline units In FY22 In FY22 In FY22 In FY22 In FY22 ~1,230,000 sqm renewals and new leases ~244,000 sqm renewals and new leases ~103,000 sqm renewals and new leases ~17,400 units in operation4 ~4,000 homes settled ~423,000 sqm facilities completed ~12,000 sqm facilities completed FLCT, FTREIT, GVREIT 10.6% FCT tenants' sales Y-o-Y growth³ ~3,200 units in the pipeline4 S$2.6 billion FHT unrecognised revenue6 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. Source: Cistri; refers only to population catchment of Singapore portfolio. 3. Refers only to Singapore portfolio. 4. Including properties under management. 5. Includes launched residential projects under development or with unsold units. 6. Includes the Group's effective interest of JOS, JVs, PDAs and associates. 13#14Strong track record in disciplined capital management Optimising capital structure and enhancing financial flexibility Strategic utilisation of rights issue proceeds to grow exposure to I&L as well as commercial and business parks sectors • As at 20 October 2022, approximately S$690 million out of the allocated S$700 million to fund the capital and development expenditure of I&L assets have been utilised Continuing efforts to extend debt maturities with focus on green and sustainable financing Well-distributed debt maturities >FY2027, 7% FY2023, 27% FY2027, 26% Total debt ex-REITS: S$11,350 m FY2024, 17% FY2026, 9% • Group's first sustainability-linked loan for its UK business in January 2022: GBP110 million five-year bilateral loan FY2025, 14% Group's first green loan for a commercial development project in the UK in March 2022: GBP100 million five-year loan Group's first and Singapore's first corporate green retail notes in September 2022 S$ b Rising level of green and sustainable financing¹ S$6.58 b S$9.11 b 10 8 6 • 1.64x subscribed; upsized offer from the initial S$420 million to S$500 million 4 Due 2027 at 4.49% interest per annum 2 S$1.08 b 0 FY18 FY18 - FY21 FY18 to date 1. Total green and sustainable financing secured by the Group's subsidiaries and associated entities, including debt which are not included in the consolidated financial statements. Green and sustainable financing excluding REITs in the consolidated financial statements stands at S$3.1 billion as at 30 September 2022. We are Frasers Property 14#15Frasers Property Capital Supports diversification of funding sources as part of capital management strategy Leveraging Frasers Property's operating platform to drive mutually beneficial capital partnerships m000 PE Value-add offering to capital partners Deal sourcing and evaluation through Frasers Property's extensive ground presence Partner with a developer, owner and operator with both track record and experience in key regions and across asset classes Potential access to pipelines across different geographies Provide multiple exit options through Frasers Property's network of investors / partners & well-capitalised REITs / Stapled Trust Frasers Tower, Singapore: 50% capital partner Artist's impression - The Yards, Kemps Creek, NSW, Australia: 50% joint venture partner We are Frasers Property 15#16Collective action for positive ESG impact Progressing on our sustainability processes and performance # 1: To be a net-zero corporation by 2050 All business units on track to develop net-zero carbon roadmaps by FY23; 5 business units and 3 REITS have already developed roadmaps 2 business units and 1 REIT submitted carbon reduction targets to Science Based Targets initiative for validation, with other key business units on track to submit in FY23 ACTING PROGRESSIVELY • Issued Singapore's first corporate green retail notes • Overall improvement in 2022 GRESB results. Maintained 5-star rating for: • Standing Investments - FCT, FPA, FPI (Australia), FLCT Development - FPA and FPI (Australia) #2: To be climate-resilient and establish adaptation and mitigation plans by 2024 • 285 key personnel, including senior leaders, trained on topics such as climate risks and opportunities, decarbonisation and green finance All business units and REITS performed a gap analysis and identified initiatives for closer alignment to the Task Force on Climate-Related Financial Disclosures (TCFD) CONSUMING RESPONSIBLY • #3: To green-certify 80% of our owned and managed assets by 2024 45% of owned and asset-managed operating properties green-certified or pursuing certification 90% of new development projects green-certified or pursuing certification Partnered tenants to install smart water meters in 34 industrial properties in Europe Supported Singapore Green Plan 2030 with the signing of Green Nation Pledge and initiating stakeholder engagement activities during Climate Action Week 2022. •⚫ Launched first certified Passive House by a volume developer in Australia #4 To finance the majority of our new sustainable asset portfolios with green & sustainable financing by 2024 33 green and sustainability-linked loans secured, and 3 green and sustainability- linked bonds issued, totalling over S$9 billion. This is the equivalent to 50% of our net borrowings1. 79% of the Group's financed green and sustainable assets are funded by green and sustainability-linked loans and bonds FOCUSING ON PEOPLE • One of Singapore's Best Employers 2022 • NVPC's Champions of Good 2022 Equileap's top three most gender-equitable companies listed in Singapore • Co-founder at Sustainability Expo 2022 with over 250,000 international attendees • Almost all employees trained on sustainability 1. Includes debt related to Frasers Tower, Northpoint City South Wing, Waterway Point, The Grove project, Yarraville project and Midtown project, which are not included in the consolidated financial statements. Total gross debt in the consolidated financial statements is S$15.9 billion. We are Frasers Property 16#17Three-pronged approach to managing portfolio for earnings resilience Our three-pronged approach: Corporate and business developments in FY22 Sustained level of unrecognised residential revenue and leasing demand 1 . 1 Sustainable earnings • Healthy level of unrecognised revenue provide earnings and cashflow visibility ~1,577,000 sqm of renewals and new leases across investment properties portfolio through significant development pipeline, investment properties, and fee income Restocking of land bank support healthy development pipeline 1 2 • ~637,000 sqm of I&L land secured in Australia and Vietnam Balanced portfolio 2 across geographies and property segments 3 • Committed forward workload with ~820,000 sqm of projects due for completion over the next two years . Achieved steady progress and maintained on-schedule delivery of all ongoing residential, commercial and industrial development projects Effective capital management fuels growth 3 Strategic utilisation of proceeds from the rights issue to fund continued exposure to I&L as well as commercial & business park assets Continued expansion of green or sustainable financing portfolio, including the launch of Singapore's first corporate green retail notes, and the first green and sustainable loans secured for the Group's UK business Optimised capital productivity through REIT / Stapled Trust platforms, active asset management initiatives and capital partnerships • • We are Frasers Property 17#18Maintaining focused and disciplined drive toward value creation The Group is well-positioned to embrace sectoral structural shifts and navigate macro developments by being astute and leveraging the Group's solid foundation underpinned by our core capabilities. 1 2 3 Business priorities over the next 6 to 24 months: Focus on asset deliveries, improving occupancy and seeking opportunities to optimise platforms and assets for income visibility Prioritise putting in place mitigating measures amid high interest rates environment, volatility of foreign exchange and elevated inflationary pressures Collaborate with like-minded partners to pursue opportunities to build scale and depth in key markets Accelerate adoption of digital and technology solutions to drive operational productivity, asset performance and customer experience Strengthen our position as a purpose-driven organisation with innovation and sustainability at the core to deliver sustainable value Artist's impression - KAN Logistics Park, Bemmel, the Netherlands 5 We are Frasers Property 18#19Northpoint City, Singapore North Cint City FRASERS PROPERTY Results and Financials#20• Earnings supported by improved business conditions in FY22 Higher Y-o-Y earnings excluding unrealised valuation gain on change in use from Industrial business in FY21 Prior period results boosted by higher contributions from Industrial business due to recognition of an unrealised valuation gain on the change in use of a portfolio of industrial properties, which have been transferred from properties held for sale to investment properties Excluding the impact of the unrealised valuation gain on the change in use of the industrial properties transferred, PBIT would have increased by 16.9% from S$1,069.0 million to S$1,249.2 million and attributable profit would have increased by 59.6% from S$581.6 million to S$928.3 million Improved earnings excluding unrealised valuation gain on change in use of industrial assets in FY2021 was mainly due to higher contributions from the Residential development businesses in Australia and Singapore and improved performance from the Hospitality business Financial Highlights Revenue PBIT FY21 Change FY22 S$3,877.0 m S$3,763.8 m ▲ 3.0% S$1,249.2 m S$1,424.7 m 12.3% PBIT excluding unrealised valuation gain on change in use S$1,249.2 m S$1,069.0 m ▲ 16.9% APBFE1 S$398.8 m S$399.5 m ▼ 0.2% Fair Value ("FV") Change (net) S$462.6 m S$392.6 m 17.8% Exceptional Items ("El") S$66.9 m S$41.0 m ▲ 63.2% Attributable Profit S$928.3 m S$833.1 m 11.4% Attributable Profit excluding unrealised valuation gain on change in use S$928.3 m S$581.6 m ▲ 59.6% Fraser Suites Kensington, London, UK Earnings per share ("EPS") after FV change and El² 22.2 cents 22.6 cents 1.8% 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. FY21 EPS excluding unrealised valuation gain on change in use was 15.3 cents. The comparative EPS has been adjusted for the bonus element arising from the Rights Issue. We are Frasers Property 20 20#21Improved PBIT in Singapore, Australia and Hospitality Business Segment FY22 FY21 Change Singapore S$536.4 m S$270.7 m ▲ 98.2% Australia S$80.8 m S$60.8 m 32.9% S$460.4 m S$829.5 m ▼ 44.5% Industrial Industrial (excluding unrealised valuation gain S$460.4 m S$473.8 m ▼ 2.8% on change in use) Hospitality S$100.9 m S$4.4 m N/M Thailand & Vietnam S$100.2 m S$196.7 m ▼ 49.1% Others1 S$53.2 m S$117.0 m ▼ 54.5% Corporate and others (S$82.7 m) (S$54.4 m) ▲ 52.0% TOTAL S$1,249.2 m S$1,424.7 m 12.3% 1. Consists of China and the UK. We are Frasers Property Remarks Higher contribution from residential development and FCT plus share of fair value gain of Frasers Tower Higher contribution from development division due mainly to gain on disposals of development rights and land site Absence of unrealised valuation gain on change in use of a portfolio of industrial assets transferred from properties held for sale to investment properties Excluding unrealised valuation gain on change in use, contributions decreased following the divestment of Cross Street Exchange Higher occupancies and higher room rates, primarily driven by UK properties Excluding the share of FV change and El of JVs and associates, PBIT would have increased by 2% due to improved operating performance across all FPT segments, partially offset by lower level of settlements of residential units for Q2 Thao Dien Decline in contributions in China and the UK due to lower level of settlements and additional provision for cladding costs on a UK development project Absence of cost writeback in prior year, higher corporate overheads and higher share of losses of associates Excluding unrealised valuation gain on change in use, PBIT would have increased by 16.9% from S$1,069.0 million to S$1,249.2 million 24 21#22Diversified across asset classes 88% of the Group's property assets 1 as at 30 September 2022 are in recurring income asset classes 76% Property assets 1 by asset class (S$b) Industrial & logistics, 11.2, 33% Residential, 4.0, 12% Total Retail, 7.2, 22% S$33.5 b Commercial & business parks, 6.8, 20% Hospitality, 4.3, 13% of the Group's FY22 PBIT2 was from recurring-income based asset classes PBIT2 by income sources (S$m) Total Total 1,362 Total 1,291 Total Total 1,235 1,191 1,165 32% 442 41% 25% 27% 24% 292 526 303 311 68% 76% 75% 73% 59% 888 920 943 854 765 FY18 FY19 FY20 ■ Recurring ■ Non-recurring FY21 FY22 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to 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 22 22#23Diversified across geographies 83% of the Group's property assets¹ are in developed markets of Singapore, Australia and Europe 81% Property assets¹ by geography (S$b) Thailand, 4.2, 13% Europe4, 7.0, 21% China, 0.8, 2% Others³, 0.8, 2% Total S$33.5 b Australia, 9.2, 28% of the Group's FY22 PBIT2 was generated from Singapore, Australia and Europe PBIT2 by geography (S$m) Total Total 1,291 1,362 Total 2% Total 1,191 3% Total 43 1,235 53 4% 1,165 3% 139 38 2% 10% 2% 219 9 17% 1% 170 14% 251 77 6% 21% 255 22% 281 21% Singapore, 11.5, 34% 176 249 14% 115 10% 185 20% 15% 197 17% 187 16% 303 401 31% 605 44% 25% 309 26% 274 24% 451 30% 36% 384 281 24% 255 22% 241 18% FY18 ■ Singapore FY19 ■ Australia FY20 ■ Europe5 ■Thailand FY21 ■ China FY22 6 Others 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to 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. Includes property assets in the UK of S$3.5 b (10% of total property assets). 5. In FY22, includes UK PBIT2 of S$105 m (8% of the Group's PBIT²). 6. Including Vietnam, Malaysia, Japan, Indonesia, Hong Kong and New Zealand. We are Frasers Property 23 23#24Balance sheet remains healthy Key Financials As at 30 Sep 22 As at 30 Sep 21 Change Total equity1 S$19,378.5 m S$18,330.5 m 5.7% 120% Proactive steps to manage gearing as part of active capital management 1 Prompt reduction Cash and bank deposits S$3,322.4 m S$3,779.4 m 12.1% 110% 105.0% 2 -> 100% Net debt S$12,566.9 m S$13,503.7 m 6.9% 90% Net debt / Total equity 64.8% 73.7% 8.9 pp 80% Net debt / Property assets² 37.5% 39.7% ▼ 2.2 pp 70% 73.7% 64.8% 60% Net asset value per share³ S$2.64 S$2.44 ▲ 8.2% As at As at 30 Sep 20 Net tangible assets per share³ S$2.47 S$2.26 9.3% 1 30 Sep 21 Divestment of stake in ARF, FCT preferential offering, FPL rights issue and FLCT private placement As at 30 Sep 22 Net interest cover4 4x 4x 2 Divestment of stake in Cross Street Exchange and Sofitel Sydney Wentworth, and enlarged equity from profits 1. Includes non-controlling interests and perpetual securities. 2. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to JVs and associates, properties held for sale and assets held for sale. 3. Presented based on the number of ordinary shares on issue as at the end of the year. 4. Net interest excludes mark to market adjustments on interest rate derivatives and capitalised interest. Excluding unrealised valuation gain on change in use, net interest cover for 30 Sep 2021 would be 3x. We are Frasers Property 24#25Well-distributed debt maturities Mitigation measures in place for rising interest rate environment with high proportion of fixed rate debt Key Financials As at 30 Sep 22 As at 30 Sep 21 Debt maturity profile Change S$ m Fixed rate debt¹ 74.5% 75.4% ▼0.9 pp 4,500 4,000 3,827 Average weighted 2.8 years 2.4 years ▲ 0.4 years debt maturity 3,500 Average cost of debt 3,103 3,085 2.7% p.a. 2.3% p.a. ▲ 0.4% p.a. 2,980 on portfolio basis 3,000 Sources of debt² 2,500 2,000 1,871 Green and 1,796 1,630 sustainable Bonds S$3,234 m, 28% Total S$11,350 m financing 1,500 S$3,137 m, 28% 1,000 500 1. Includes debt that is hedged. 2. Excluding REITS / Stapled Trust. We are Frasers Property Loans S$8,116 m, 72% 0 FY 2023 FY 2024 FY 2025 3,286 2,994 994 916 758 FY 2026 FY 2027 >FY 2027 Including REITs / Stapled Trust Total: S$15,889 m Excluding REITs / Stapled Trust Total: S$11,350 m 25#26Dividends First and Final Dividend Total Dividend Dividend Yield Payout Ratio (based on Attributable Profit) 1 Payout Ratio (based on Core Earnings)² 1. After distributions to perpetual securities holders. 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) ~ 14% - 30% FY21 2.0 Singapore cents 2.0 Singapore cents 1.7% (based on FPL closing share price of S$1.17 on 11 Nov 21) ~ 10% ~ 20% 26#27Artist's impression - Sky Eden@Bedok, Singapore SKY EDEN Business Unit Highlights Singapore FRASERS PROPERTY#28Resilient demand for quality residential developments in Singapore Steady progress for current development projects; new launch in the quarter received strong demand • Sales of launched projects continued to strengthen despite property curbs introduced in December 2021 Sold 80% of Rivière units with target completion in 1H FY23 • • • Sold 100% of Parc Greenwich EC units within nine months from launch with target completion in 2H FY24 Sky Eden@Bedok launched to strong demand • Sold 75% on launch day on 7 September 2022 at an average price of about S$2,102 per square foot, with target completion in 1H FY26 Monitoring prevailing headwinds and implementing contingency plans Multi-pronged marketing strategies to support sales have delivered good results • Macro Drivers and Industry Trends Positive momentum in 3Q 2022 driven mainly by robust home sales in the private non-landed residential segment 3.8% increase in Singapore private residential prices4 in 3Q 2022, compared to 3.5% increase in 2Q 2022 8.8% decrease in private residential unit sales volume (excluding executive condominiums)4 in 3Q 2022 compared to 2Q 2022, with a significant 125% rebound in September 2022 compared to August 2022 Residential Portfolio Activity in FY22 473 S$0.8b Units sold 1,2 Unrecognised revenue³ awww 1. Including options signed. 2. Includes 100% of JV projects. 3. Includes the Group's subsidiaries at 100% and effective interest of JVs. 4. ura.gov.sg/Corporate/Media-Room/Media-Releases/pr22-38. We are Frasers Property Artist's impression - Parc Greenwich, Singapore 28 20#29• Stable investment properties portfolio metrics in Singapore Continued uptick in business activities and shopper traffic as the COVID-19 situation improves Suburban retail portfolio remains resilient • Portfolio retail sales have surpassed pre-pandemic levels and larger malls are leading the recovery with positive rental reversion New tenants and concepts across the entire portfolio Reconfigured spaces at The Centrepoint and Northpoint City South Wing Prime Grade A and Core CBD offices rents surpassed pre-pandemic peak after six consecutive quarters of growth underpinned by limited new supply and resilient demand; rents are expected to continue growing for the rest of 2022 Singapore office market remains resilient despite ongoing macroeconomic and geopolitical uncertainties, with broad-based leasing demand across all submarkets and a slowdown in rightsizing trend as employees return to the office Macro Drivers and Industry Trends اى Improvement in business activities and shopper traffic since the significant easing of safe management measures in 2022 Retail sales increased Y-o-Y at 11.2% in September 2022 mainly due to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol and Watches & Jewellery Sustained rental growth in Grade A buildings supported by broad-based demand and tight vacancy; the office sector is propped up by limited new supply and reduction of existing stock due for redevelopment⁹ S$8.4 b AUM1 Retail Portfolio Metrics2 AOR³ FY225 FY21 Change 95.8% 94.9% ▲ 0.9 pp Leases due to expire the next FY4 28.4% 38.2% ▼ 9.8 pp Commercial Portfolio Metrics² FY225 FY217 Change S$4.2 b AOR³ 92.7% AUM6 Leases due to expire the next FY4 11.8% 92.3% 10.6% ▲ 0.4 pp ▲ 1.2 pp The Centrepoint, Singapore: Wine & Dine Grocer Bar at FairPrice Finest Frasers Tower, Singapore: Vertical challenge event 1. Comprises retail 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 at 30 September as a percentage of NLA, excluding community and/or sports facilities space. 4. Leases due to expire in the next FY as a percentage of NLA, excluding community and/or sports facilities space. 5. FY22 Commercial Portfolio includes Central Plaza; FY22 Retail Portfolio excludes Central Plaza as well as assets divested by FCT in FY21. FY22 Retail Portfolio excludes Bedok Point which was closed on 30 June 2022. 6. Comprises commercial assets in Singapore in which the Group has an interest, including assets held by FLCT and FCT. 7. FY21 includes Cross Street Exchange which was divested on 31 March 2022. 8. singstat.gov.sg/-/media/files/news/mrssep2022.ashx.9. Singapore Figures Q3 2022 | CBRE. We are Frasers Property 29 29#30FCT's FY22 DPU up 1.2% Y-o-Y to 12.227¢ Improved financial and operating performance Key Highlights • FY22 gross revenue was up 4.6% Y-o-Y and net property income rose 4.9% Y-o-Y Financial Highlights FY22 FY21 Change Gross revenue S$356.9 m S$341.1 m ▲ 4.6% • FY22 distribution per unit rose 1.2% Y-o-Y to 12.227 cents Net property income ("NPI") S$258.6 m S$246.6 m ▲ 4.9% • Retail portfolio¹ committed occupancy rose 0.4 pp to 97.5% Q-o-Q as at 30 September 2022 Distribution to Unitholders S$208.2 m² S$204.7 m ▲ 1.7% • • Retail portfolio's shopper traffic and tenants' sales rose 12.4% and 11.3% Y-o-Y, respectively Average leverage ratio at 33.0%; 71% of borrowings hedged to fixed rate and interest cover ratio at 5.19 times Distribution per unit ("DPU") 12.227¢ 12.085¢ Aggregate Leverage³ (as at 30 September) Adjusted-Interest Coverage Ratio / Interest Coverage Ratio4 33.0% 33.3% ▲ 1.2% 0.3 pp 5x 5x StarHub Available at #03-12 IMETR NESE FOUR CASHBAL ond cha METRO Causeway Point, Singapore 1. Retail portfolio refers to FCT's investment portfolio and includes Waterway Point which it owns a 40% stake but excludes Central Plaza which is an office property. 2. In 2H22, FCT had retained $1.7 million of its current period tax-exempt income available for distribution to Unitholders. 3. In accordance with the Property Funds Appendix, the aggregate leverage ratio included FCT's 40% proportionate share of deposited property value and borrowing in Sapphire Star Trust. 4. Ratio is 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 Monetary Authority of Singapore. As the Group has not issued any hybrid securities, Adjusted ICR is identical to the ICR of the Group. We are Frasers Property 30#31Singapore PBIT improved due to better performance Segment FY22 FY21 Change Retail S$300.6 m S$310.3 m ▼ 3.1% REIT S$245.8 m S$227.3 m ▲ 8.1% - Non-REIT S$19.5 m S$26.0 m ▼ 25.0% Fee income S$35.3 m S$57.0 m ▼ 38.1% Commercial S$110.2 m S$58.6 m ▲ 88.1% Non-REIT S$99.1 m S$49.7 m ▲ 99.4% • . Remarks Better performance from FCT backed by higher NPI and share of associate's and joint ventures' results, which was offset by the absence of contributions following the divestments of Anchorpoint and Yew Tee Point Lower Non-REIT PBIT in FY22 following divestment of ARF to FCT FY21 included non-recurring acquisition fees arising from the acquisition of ARF by FCT, as well as divestment fees from the divestments of Anchorpoint, Bedok Point and Yew Tee Point Improved results mainly due to share of fair value gain of Frasers Tower Higher contribution due to fees from the divestment of Cross Street Exchange Fee income S$11.1 m S$8.9 m ▲ 24.7% Residential S$131.8 m (S$90.6 m) N/M Higher contribution from higher selling prices achieved and cumulative higher percentage of completion for residential development FY21 included a project provision Corporate & others (S$6.2 m) (S$7.6 m) 18.4% TOTAL S$536.4 m S$270.7 m ▲ 98.2% We are Frasers Property 31#32Shell cove, NSW, Australia Business Unit Highlights Australia FRASERS PROPERTY#33Resilient residential business in Australia Current environment remains broadly supportive of real estate development, despite variable macroeconomic drivers • Strategic land banking to support development pipeline • • • Solid residential sales performance Macro Drivers and Industry Trends Acquired a -2.5 million sqm site in New Beith, QLD in December 2021, with ~2,150 lots¹ Australian unemployment rate was 3.5% for September 2022 and the GDP5 rose 0.9% in the quarter ended June 2022 Reserve Bank of Australia's cash rate increased to 2.85% on 1 November 2022. Interest rates expected to increase further over the period ahead6 Largest sales contributors include Five Farms, VIC (221 units), The Grove, VIC (219 units), Mambourin, VIC (215 units), Brookhaven, QLD (185 units), Berwick Waters, VIC (141 units), Ed.Square, NSW (106 units), and Wallara Waters JV, VIC (95 units) Continued active management of sales and settlements amid rising interest rate and higher inflationary environment Residential Portfolio Activity in FY22 $ Tight labour market in Australia to drive wage growth and support consumption in 2022, albeit rising interest rates may dampen momentum7 1,377 ~1,500 Units settled² Units released for sale² 1,593 S$1.2 b Units sold² Unrecognised revenue³ 2,519 contracts on hand as at 30 September 2022 The Grove, VIC, Australia NB. All references to units include apartments, houses and land lots. 1. Settlement for New Beith occurred on 4 October 2022. 2. Includes 100% of joint arrangements - JOS and JVS - and PDAs. 3. Includes the Group's effective interest of JOS, JVs and PDAs. 4. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release. 5. abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-national-income-expenditure-and-product/latest- release#key-statistics. 6..rba.gov.au/media-releases/2022/mr-22-36.html. 7. jll.com.au/en/trends-and-insights/research/asia-pacific-residential-digest-2q-2022 We are Frasers Property 33 33#34Australian investment portfolio value enhanced through strategic redevelopment Stabilisation of retail centres and repositioning of commercial assets • Focused on active leasing efforts to boost commercial portfolio occupancy Repositioning of Rhodes Corporate Park assets to enhance competitiveness • • Office portfolio metrics depressed due to the strategic Lee Street tenancy relocation required for the upcoming redevelopment into Central Place Sydney Achieved stabilisation of newly completed retail assets • • Positive operating trends continue post the easing of lockdown restrictions during the first half of the financial year Improved AOR reflects successful leasing efforts and improved operating environment Addition of Eastern Creek Quarter Stage 2 (ECQ XL), NSW, which was completed in June 2022 (NLA: 11,305 sqm) and almost fully-leased, boosted retail portfolio metrics 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; forecast to complete in 1Q FY25 Macro Drivers and Industry Trends S Macroeconomic conditions remain broadly supportive, driven by lower unemployment and improved GDP growth rates Office vacancy rates and rental growth adversely affected by the post pandemic environment and evolving workplace expectations The onset of the Omicron wave during the period impacted retail turnover, but positive signs are now being observed 34 =4 Office Portfolio Metrics 1 S$1.5 b AUM² AOR³ FY22 55.5%6 FY21 79.2%6 WALE4 2.2 years 2.8 years Change ▼ 23.7 pp ▼ 21.4% Gam 11 BURGER POINT T Retail Portfolio Metrics¹ S$0.4 b AOR³ FY22 93.7% FY21 AUM² WALE4 7.1 years 79.8% 7.1 years Ed.Square Town Centre, NSW, Australia 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. 3. Committed occupancy as at 30 September; by NLA. 4. By Income as at 30 September. 5. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release#unemployment. 6. Office portfolio AOR excluding Lee Street asset - FY22: 76.2%, FY21: 75.6%. We are Frasers Property Change ▲ 13.9 pp#35Project Showcase tra Place Sydne A$3 billion centrepiece of the NSW Government's Tech Central precinct built over Central Station Set to renew and transform southern district of Sydney's CBD TARGET DEVELOPMENT COMPLETIONERS 2027 155,000 sqm GFA mixed-use development: two towers of commercial office and a low rise retail building ~6,000 sqm GFA retail building with ground floor laneway and three levels of dining offerings, convenience retail, market- style food hub and supermarket Amenities including activated rooftops, wellness spaces and business hub 205,000 sqm Integrated Distribution Facility for future Over Station Development We are Frasers Property CUSTOMER CENTRICITY Designed for tenant wellbeing, including rooftops with sporting facilities, health & wellness spaces, pet retreat and business co-working space TECHNOLOGICAL INNOVATION Open data for building performance embedded with smart technology and booking systems Sustainable building operations for reduced energy consumption and advanced air filtration SUSTAINABILITY • Targeting net-zero emissions in operation powered by renewable energy Targeting WELL Platinum, 5.5 Star NABERS Energy, 4.5 Star NABERS Water and 6 Star Green Star Building ratings Targeting up to 80% waste diversion from landfill Circular economy precinct commitment to reuse, repurpose and recycle 35#36Australia PBIT improved due to better development division performance Completion of strategic residential divestments boosted development earnings Segment FY22 FY21 Development S$54.7 m S$28.9 m ▲ 89.3% Change 32.9% Remarks Higher PBIT driven by contributions from gain on disposals of development rights and land site Partially offset by lower number of units completed and settled in FY22 (FY22: 1,377 residential units; FY21: 2,327 residential units) largely driven by the timing of construction, delivery and settlement programmes. Contracts on hand as at 30 September 2022 stood at 2,519 compared to 2,431 as at 30 September 2021 Earnings affected by higher vacancies across commercial assets, including the impact of the strategic Lee Street tenancy relocation for the upcoming redevelopment into Central Place Sydney Reduction in fees primarily driven by lower number of units completed and settled during the year Investment Properties S$20.8 m S$24.7 m 15.8% Fee income & others S$5.3 m S$7.2 m ▼ 26.4% TOTAL S$80.8 m S$60.8 m We are Frasers Property Brooklyn Townhomes, Ed.Square, NSW, Australia 36#37DC Hazeldonk, Breda, Netherlands 5 Business Unit Highlights Industrial FRASERS PROPERTY#38Stable pipeline of industrial and logistics developments High quality tenants continue to drive and support demand Completed seven development projects, two in the Netherlands and five in Australia in FY22 with combined GDV of S$376 million Roermond and Breda, the Netherlands, totalling ~45,000 sqm Braeside, Epping and Tarneit (two projects) in VIC and Yatala in QLD totalling ~185,000 sqm Strengthened development pipeline with 15 projects totalling 437,000 sqm with a GDV of S$1,297 million planned for completion in FY23 and FY24 14 assets to be delivered in FY23 and one asset in FY24 S$1200m Total GDV S$1,062m S$1000m S$800m S$101m S$562m • VIC totalling ~65,000 sqm - Dandenong South (2 projects) S$600m • NSW totalling ~194,000 sqm - Kemps Creek (5 projects) and Macquarie Park (1 project) • QLD totalling ~145,000 sqm - Richlands (1 project), Yatala S$400m (1 project), Berrinba (1 project) and Stapylton (3 projects) • The Netherlands totalling ~33,000 sqm in Bemmel S$247m Total GDV S$175m S$200m Boosted land bank with -516,000 sqm land acquisition across four sites in Australia S$96m Total GDV S$60m S$20m S$155m Total land bank of 2.7 million sqm across Australia and Europe S$0m S$56m Australia assets under development¹ Europe assets under development ■ 1Q FY23 ■ 2Q FY23 ■ 3Q FY23 ■ 4Q FY23 Development assets in Australia and Europe contracted for sale to third parties 1 ■ 1Q FY24 1. Estimated total end value. We are Frasers Property 38#39Strong industrial and logistics leasing conditions Continued robust occupier demand High occupancy with quality tenant profile . Australian portfolio is fully occupied Europe portfolio metrics affected by higher vacancy at the Gaggenau, Germany asset, which has been ear-marked for redevelopment Realised strong leasing activity 1 • ~463,000 sqm of renewals and new leases in Australia ~336,000 sqm of renewals and new leases in Europe Macro Drivers and Industry Trends GDP growth is expected to slow due to continuous supply chain disruptions, energy shortages, rising cost of debt and geopolitical uncertainties8 All new projects have been certified using third party and relevant green building programs since FY21 and 80% of owned and managed assets will be certified by FY24 Strong occupier demand and lack of modern spec warehouses continue to drive rental growth⁹ Australia Portfolio Metrics² FY22 FY21 Change S$5.7 b AUM5,6 AOR³ 100.0% 100.0% WALE4 4.8 years 5.3 years 9.4% FRASERS PROPERTY Europe Portfolio Metrics 2 S$3.1 b AOR³ FY22 97.8% FY21 98.0% Change AUM5,7 WALE4 5.9 years 6.2 years 0.2 pp 4.8% Increasing pressure from investors and occupiers opting for green building certifications 10 Intel Engineering, 4Ten Epping, Victoria Australia 1. Includes lease renewals and new leases for industrial and logistic properties in Australia, Germany, the Netherlands and Austria in which the Group has an interest. 2. Reflects portfolio metrics of AUM. 3. Committed occupancy; by NLA. 4. By income. 5. Includes properties under development as at 30 September 2022. 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, the Netherlands and Austria in which the Group has an interest, including assets held by FLCT. 8. realestate.bnpparibas.com/property-report-european-logistics-market-september-2022. 9. jll-australia-national-industrial-market-overview- 2022-final.pdf. 10. jll.com.au/en/trends-and-insights/cities/podcast-do-warehouses-need-green-certifications We are Frasers Property 39#40FLCT's distributable income increased 4.3% Y-o-Y Maintained high portfolio occupancy of 96.4%¹ and WALE of 4.5 years¹ Key Highlights • • • Completed 90,000 sqm of leasing in 4Q FY22, bringing total leasing activity in FY22 to ~351,000 sqm Committed S$293 million of capital into value-accretive acquisitions and forward-funding opportunities Prudent capital management amid a volatile interest rate environment . Low aggregate leverage of 27.4% as at 30 September 2022 with cost of borrowings at 1.6% . Healthy average weighted debt maturity of 2.7 years • FY22 DPU of 7.62 Singapore cents Key Financials Revenue FY22 S$450.2 m FY21 S$469.3 m Change 4.1% Adjusted Net Property Income² S$342.1 m S$355.2 m ▼ 3.7% Distributable income S$281.8 m S$270.1 m DPU (Singapore cents) 7.62 7.68 ▲ 4.3% 0.8% Leverage / Gearing 27.4% 33.7% ▼ 6.3 pp (as at 30 Sep) Interest Coverage Ratio³ (as at 30 Sep) 13x 7x ▲ 6x E 21 Kangaroo Avenue, Eastern Creek, Sydney, Australia Note: All portfolio metrics presented exclude the Port Melbourne property and all investment properties under development. 1. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of June 2022. Excludes straight lining rental adjustments and includes committed leases. 2. 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. 3. Calculated as trailing 12 months earnings before interest and tax (excludes any fair value changes of derivatives and investment properties) divided by trailing 12 months interest expense. Interest expense includes interest expense on lease liabilities. We are Frasers Property 40 40#41Industrial PBIT lower due to absence of unrealised valuation gain on change in use Segment Non-REIT FY22 FY21 Change S$130.9 m S$484.1 m ▼ 73.0% REIT S$304.1 m S$319.6 m 4.8% Fee income & others S$25.4 m S$25.8 m ▼ 1.6% TOTAL S$460.4 m S$829.5 m 44.5% ive We are Frasers Property Remarks Lower contributions due to the absence of unrealised valuation gain of S$356 million on the change in use of a portfolio of industrial assets transferred from properties held for sale to investment properties in FY21 Lower contribution following the divestment of Cross Street Exchange Excluding unrealised valuation gain on change in use, PBIT would have decreased by 2.8% from S$473.8 m Each cape a live IVE Group, Braeside Industrial Estate, Victoria, Australia 41 111#42Capri by Fraser, Bukit Bintang / Malaysia Business Unit Highlights Hospitality FRASERS PROPERTY#43Proactive management of hospitality portfolio Cost containment measures continue to guide operations amid prevailing macro headwinds • Driving occupancies while managing manpower constraints • • Marketing strategies activated for business travel as global travel recovers Brand direct initiatives intensified resulting in increased brand website bookings Leveraging technology to adapt service delivery in Europe to mitigate the impact of service staff shortages exacerbated by rising occupancies Adding properties in key locations to build portfolio resilience • Opened five properties in FY22 - Modena by Fraser Nanjing, Capri by Fraser Bukit Bintang, Fraser Residence Hanoi, the new wing of Fraser Suites Hanoi; re-entry into Hong Kong in January 2022 with the opening of Modena by Fraser Hong Kong Resumption of pre-opening activities for properties in China Macro Drivers and Industry Trends First entry into Phnom Penh, Cambodia with the signing of three new properties Pre-opening of first property in Cambodia - Capri by Fraser, Phnom Penh, underway with planned opening in 1Q 2023 88 888 Lack of clarity on China's re-opening policy continues to inhibit inbound travel Recovery in corporate travel reflected in rising demand for accommodation in key business cities Potential headwinds resulting from the war in Ukraine Return of global events and MICE provide uplift for occupancies and rates Units by Geography2 North Asia 30 Sep 22 30 Sep 213 Change 4,224 3,968 ▲ 6.5% S$4.1 b Asia Pacific ex North Asia 6,067 6,202 2.2% AUM1 Europe, Middle East, and Africa 6,030 6,009 0.3% TOTAL 16,321 16,179 0.9% 1. Comprises property assets in which the Group has an interest, including assets held by FHT. 2. Includes owned and/or managed units in operation. 3. ANA Crowne Plaza Kobe was reclassified from Asia Pacific ex North Asia to North Asia. We are Frasers Property Fraser Suites Hanoi 43 43#44Hospitality portfolio metrics1 Signs of recovery in most markets following reopening of borders North Asia AOR ADR RevPAR FY22 FY21 56.9% S$50.4 47.1% S$88.5 S$120.2 S$56.5 Change ▲ 9.8 pp ▼ 26.4% ▼ 10.8% • Asia Pacific ex North Asia FY22 FY21 Change AOR ADR RevPAR 78.4% 74.4% S$188.1 S$132.0 S$147.5 S$98.2 ▲ 4.0 pp ▲ 42.5% ▲ 50.2% Europe AOR ADR FY22 FY21 72.8% 38.7% S$252.2 S$239.6 Change ▲ 34.1 pp ▲ 5.3% RevPAR S$183.6 S$92.7 ▲ 98.1% Changes in portfolio metrics reflect divestment of Fraser Suites Beijing in May 2021 Emergence of the Omicron variant resulted in a surge in infection in China, with pandemic control measures affecting performance Portfolio metrics reflect positive impact of the lifting of borders and the summer season Strong pick up in corporate long stay in Singapore as the city transitioned to an endemic mode and restrictions eased considerably from April 2022 1. Reflects portfolio metrics of owned assets, excluding owned assets that are not managed by Frasers Hospitality. We are Frasers Property Signs of recovery reflected in the UK regional and secondary cities where Malmaison and Hotel du Vin properties are located Accelerating pace in reservations across the EMEA region for the summer season Some headwinds anticipated due to political turmoil and inflationary pressures 44 44#45FHT reported sustained recovery in performance Distribution per Stapled Security rose significantly in FY22 with continued improvement in performance Key Highlights Key Financials FY22 FY21 Change • FHT's portfolio continued its recovery trajectory in 2H FY22 as more countries transitioned toward the endemic phase Gross Revenue S$95.9 m S$85.5 m ▲ 12.1% • • Gross revenue and net property income increased 12.1% and 20.7% Y-o-Y respectively, as portfolio performance improved in FY22 despite a setback from the Omicron surge in 1H FY22 Sustained improvement across key financial and operating metrics of the portfolio on a Y-o-Y basis Net Property Income S$69.6 m S$57.6 m ▲ 20.7% Distributable Income S$35.0 m S$21.0 m ▲ 66.3% Distribution per Stapled Security Leverage / Gearing (as at 30 Sep) 1.6355 cents 0.9831 cents ▲ 66.4% 36.4% 42.2% ▼ 5.8 pp We are Frasers Property FRASER SUITES Fraser Suites Queens Gate 45 45#46Hospitality PBIT improved due to gradual lifting of COVID-19 restrictions Earnings supported by higher revenue per available room ("RevPAR") Segment FY22 FY21 Change Non-REIT S$71.8 m (S$9.3 m) N/M REIT S$30.7 m S$22.7 m ▲ 35.2% Fee income S$1.5 m (S$2.1 m) N/M Corporate & others (S$3.1 m) (S$6.9 m) 55.1% TOTAL S$100.9 m S$4.4 m N/M We are Frasers Property • Remarks Positive contributions mainly from higher RevPAR across most properties, particularly in the Malmaison Hotel du Vin portfolio due to strong recovery of travel in the UK Higher net property income contributions from most properties Fraser Suites Hanoi, Vietnam 46 46#47The Grand Vibhavadi 60, Bangkok, Thailand Business Unit Highlights Thailand and Vietnam FRASERS PROPERTY#48Signs of recovery across all asset classes in Thailand • • FPT corporate developments and financial performance Signs of recovery across all segments with improving residential sale margins, healthy occupancy of ~84% for the industrial property portfolio, as well as the rebound in the hospitality business following the return of international visitors Expansion of business presence in Indonesia via the acquisition of additional shares in PT SLP Surya Ticon Internusa ("SLP") and PT Surya Internusa Timur ("SIT”) to achieve 75% and 100% ownership, respectively. Higher stake in the 149,000 sqm portfolio with occupancy of 70% as at September 2022 will provide a springboard for future market growth Completed acquisition of Marriott Mayfair Executive Apartments Successfully recycled quality industrial assets worth -S$68.43 million to FTREIT Maintained financial resilience; successfully issued two debentures worth S$265.3 million FPT is rated "A" with a "stable" outlook² by TRIS Net interest cover 1. Based on SFRS(I). 2. trisrating.com/files/8716/3420/5684/FPT170-e.pdf. We are Frasers Property Financial Highlights¹ FY22 FY21 Change Gross Revenue S$589.7 S$617.9 m 4.6% PBIT S$156.4 m S$143.8 m ▲ 8.8% Cash and bank deposits S$41.0 m S$39.4 m ▲ 4.1% Net debt/total equity 90.7% 90.1% ▲ 0.6 pp 5x 4x ▲ 1x SLP, Karawang, Indonesia 48 48#49Healthy demand for residential properties in Thailand Prioritised product innovation and sustainability to fulfil customers' demand • 18 projects launched in FY22 with a total GDV of ~S $866 million boosted sales performance • • 75 active projects as at 30 September 2022 Active management of upcoming residential sales and settlements amid continued economic challenges Expanded market reach by launching projects in more areas Macro Drivers and Industry Trends Thailand's economic recovery continues its trajectory, driven mainly by tourism and private consumption. GDP growth for 2022 and 2023 is projected at 3.3% and 3.8%, respectively² Thailand's interest rate policy was raised from 0.75% to 1.00% in September 20222 • Strategic focus on premium housing projects i.e. single-detached houses to target the affluent consumer segment further added business resilience and improved margins $ Adapted home designs to better meet the live, play and work needs and sustainability aspirations of customers Residential Portfolio Activity in FY22 2,023 4,647 S$0.1 b Units settled Units sold Unrecognised revenue¹ Whilst the overall residential market in Greater Bangkok has been impacted by the pandemic, single- detached houses are still witnessing moderate growth as the purchasing power of middle-upper income groups remains intact³ PRESURSL 1. Includes the Group's subsidiaries at 100%. 2. bot.or.th/Thai/Monetary Policy/Documents/PressMPC_52022 du37si.pdf. 3. scbeic.com/th/detail/product/residential-220822. We are Frasers Property Prestige, Rama2, Bangkok, Thailand 49 49#50• . . • FPT's industrial portfolio remained healthy Maintained strong leasing activity underpinned by quality tenants Healthy and stable warehouse and factory portfolio average occupancy rate of ~84%; with net leasing growth in FY22 of 77,559 sqm In FY21 the warehouse portfolio benefitted from a surge in short term rentals due to pandemic related global supply chain issues Continued to elevate the standard of industrial properties in Thailand - introduced a new generation of built-to-suit factories and warehouses with functions such as Ambient and Temperature Controlled Storage, along with smart and sustainable features Achieved on-schedule delivery for more than 150,000 sqm during the year despite pandemic-related operational challenges Stable development pipeline provides visibility for further growth • Commenced development of three new logistics parks of ~96,000 sqm NLA at Bangplee 2 Samutprakarn, Wangnoi 2 Ayutthaya, Bangplee 7 Samutprakarn and Puchaosamingprai Samutprakarn; on schedule for target completion and handover in FY23 Macro Drivers and Industry Trends E-commerce continues to drive demand for warehouse spaces4 Emerging trend of tenants relocating their manufacturing bases outside China to avoid geopolitical conflicts5 Positive signs from Exports and Manufacturing Production Index as the global economy recovers, while the Thai Baht depreciates 6,7 Warehouse Metrics FY22 S$2.1 b AUM1 AOR² 87.6% FY21 89.8% Change ▼ 2.2 pp EI WALE3 3.9 years 4.0 years ▼ 2.5% Factory Metrics S$1.2 b AUM1 AOR² FY22 80.1% FY21 77.9% WALE³ 1.7 years 1.6 years Change ▲ 2.2 pp 6.2% Frasers Property Logistic Park, Ayutthaya, Thailand 1. Comprises property assets in Thailand and Indonesia in which the Group has an interest. 2. Actual occupancy as at 30 September 2022; by gross rent. 3. By income as at 30 September 2022. 4. bangkokpost.com/property/2341912/prospect-allots-b5bn-for-new-warehouse-factory-space. 5. bangkokbiznews.com/business/economic/1023337. 6. thansettakij.com/economy/trade/541695. 7. ryt9.com/s/oie/3361079. We are Frasers Property 60 50#51• FPT commercial properties recorded stable occupancy Continue to see healthy demand for office space, while hospitality portfolio benefitted from rising tourist arrivals Maintained high occupancy of ~90% for prime and mature assets • • FY21 office & retail portfolio included a mature asset, Goldenland Building; lease for Goldenland Building expired in August 2022 Active leasing efforts underway to drive occupancy for newer assets Soft opening of Silom Edge in September 2022, a mixed-use ~21,000 sqm NLA commercial property located in the heart of Bangkok's CBD As at 30 September 2022, office and retail occupancy at Samyan Mitrtown¹ maintained at 93% and 96% 2, respectively, while 100% of Triple Y Residence³ has been sold Significant improvement in hospitality portfolio performance supported by the recovery in the tourism sector Macro Drivers and Industry Trends Signs of market recovery were observed within the Bangkok office market while the trend towards the flight to quality becomes increasingly prominent⁹ Increasing focus on ESG factors for new developments 10 Demand for office space driven by tech companies and tenants in the consumer goods, aviation and online marketing sectors 11 Office & Retail Metrics FY22 FY21 Change S$1.0 b AUM4 AOR² 90.3% WALE5 1.3 years 91.7%6 1.6 years ▼ 1.4 pp ▼ 18.8% Hospitality Metrics S$0.3 b AUM4 AOR ADR8 RevPAR8 FY22 46.7% S$111.4 S$52.0 FY21 21.7% S$89.0 S$19.3 Change ▲ 25.0 pp ▲ 25.2% 169.4% Silom Edge, Bangkok, Thailand 1. Samyan Mitrtown is a 49% JV held by FPT. 2. Committed occupancy as at 30 September 2022; by gross rent. 3. Triple Y Residence is a residential component within Samyan Mitrtown. 4. Comprises property assets in which the Group has an interest. 5. By income as at 30 September 2022. 6. FY21 AOR was previously calculated using average across the year. FY21 AOR has been restated as at 30 September 2021. 7. Averaged over reporting period. 8. Based on exchange rates SS/THP 0.039896 and S$/THB: 0.04280 for FY22 and FY21, respectively. 9. bangkokbiznews.com/realestate/1028450. 10. thansettakij.com/property/535752. 11. bangkokbiznews.com/business/1020645. We are Frasers Property 51#52Capitalising on Vietnam's economic upturn to deliver further growth Strengthening commercial and industrial capabilities Stepped up leasing efforts to drive occupancy Ramped up occupancy rate at Worc@Q2¹ serviced office tower to 71.5%, up from 21%; occupancy rate at Melinh Point remains stable at over 90% Achieved 60% occupancy rate at Binh Duong Industrial Park ("BDIP") and preleasing rate of 68% Proactively identified opportunities to enhance the properties' competitiveness Completed three purpose-driven amenities and community spaces in Worc@Q2 to enhance tenant experience and drive rental growth • Successfully re-positioned Melinh Point as a Grade A Office Building Maintained steady progress of development projects Completed handover of residential project at Q2 Thao Dien¹ Infrastructure upgrading works at BDIP are progressing well. Completed over 40,000 sqm of ready-built-factories; next phase of construction of ~100,000 sqm of factories and warehouses targeted for completion over the course of FY23 Macro Drivers and Industry Trends Y-o-Y GDP growth of 8.8% in 9M 2022, with 2022 growth forecast ranging from 6.5% to 8.5%6 Stable rent and occupancy in 9M 2022 for Grade A and Grade B offices in HCMC; more developers are considering green buildings and ESG performance6 Rental rates for ready-built-factories in the South Key Economic Region stabilised while rental rates for ready-built-warehouses increased 9% Y-0-Y6 Commercial Portfolio Metrics FY22 FY21 Change S$0.1b AUM² AOR³ 87.2% 78.6%5 ▲ 8.6 pp WALE4 1.9 years 2.0 years ▼ 5.0% Binh Duong Industrial Park (BDIP), Binh Duong Province, Vietnam 1. In Ho Chi Minh City ("HCMC"). 2. Comprises property assets in Vietnam in which the Group has an interest. 3. Committed occupancy as at 30 September; by NLA. 4. By revenue as at 30 September. 5. FY21 AOR was previously calculated using average across the year. FY21 AOR has been restated as at 30 September 2021. 6. cushmanwakefield.com/en/vietnam/insights/ho-chi-minh-city-marketbeat-q3-2022. We are Frasers Property 52 52#53Thailand & Vietnam reported PBIT of S$100 million Segment FY22 FY21 Change Thailand & Vietnam S$100.2 m S$196.7 m ▼ 49.1% We are Frasers Property Remarks Excluding share of FV change and El of JVs and associates, PBIT would have increased by 2% from S$187 million in FY21 to S$191 million in FY22. The higher PBIT was driven by improved operating performance across all FPT segments Partially offset by lower level of settlements of residential units for Q2 Thao Dien Golden Neo Ladprao, Bangkok, Thailand 33 53#54The Rowe, Central London, UK Business Unit Highlights Others FRASERS PROPERTY#55• • • Solid residential sales in China Leveraged core capabilities to selectively replenish residential land bank and hand over units amid operational challenges Fortified residential portfolio with investments in three new Shanghai projects • • Club Tree¹ in Songjiang District, Galaxy Nanmen² and Upview Malu² in Jiading District Added healthy development pipeline of 3,689 residential units from the three projects Residential portfolio recorded strong sales . • . • Launched 1,826 Club Tree units and sold 91.4% (1,669 units) within ten months at an average selling price of S$10,928 per sqm³ (RMB54,209 per sqm) Sold out all 796 Galaxy Nanmen units with an average selling price of S$9,111 per sqm³ (RMB45,195 per sqm) Launched 1,013 Upview Malu units and sold 661 units on launch day with an average selling price of S$9,876 per sqm³ (RMB48,989 per sqm) Handed over 355 out of 359 Opus One4 units and 151 out of 154 Phase 6 Gemdale Megacity units on schedule, despite the two-month lockdown in Shanghai Steady sales of commercial projects . Sold six retail units, 45 carpark lots and Plot 1 ambient warehouse5 at Chengdu Logistics Hub and 1,622 carpark lots at Suzhou Baitang Residential Portfolio Activity in FY22 506 3,126 S$0.5 b Units settled6 Units sold 6,7 Unrecognised revenue8 Macro Drivers and Industry Trends 8M 2022 national residential sales area decreased 26.8% Y-o-Y to 744.0 million sqm while sales value dropped 30.3% Y-o-Y to RMB7,528.8 billion⁹ 9M 2022 Shanghai residential sales area dropped 7.1% Y-o-Y to 7.5 million sqm, while sales value increased 7.0% to RMB475.1 billion with inventory clear-up period at a healthy 5.7 months⁹ Chengdu office vacancy rate increased by 1.0% Q-o-Q to 24.8% in 3Q 202210 Galaxy Nanmen, Jiading, Shanghai, China 1. The Group holds 15% effective interest. 2. The Group holds 12% effective interest. 3. Based on exchange rate S$/RMB: 0.2016. 4. The Group holds 8.75% effective interest. 5. Comprises 18 warehouse units, 1 canteen, 487 carpark lots. 6. Including 100% of JV/Associate projects. 7. Including options signed. 8. Including the Group's effective interest in an associate and JVs. 9. CREIS 3Q 2022. 10. JLL 3Q 2022 Chengdu Commercial and Logistics Market Report. We are Frasers Property 55#56• UK portfolio performance underpinned by stable operating metrics Steady execution of strategic and timely asset management initiatives Quality products and proactive asset management support robust portfolio metrics • Targeting growth sectors - attracted creative arts tenants with the leasing to a TV/film production operator at Winnersh Triangle Ongoing upgrading of portfolio through AEls - completed a ~12,000 sqm industrial development at Hillington Park and refurbishment of 150 Farnborough Business Park comprising ~5,000 sqm of Grade A office space Ongoing strategic development activity . Construction almost complete, and marketing progressing well at The Rowe in Central London, a ~15,000 sqm office development project targeting the tech sector; expected completion 4Q 2022 Continued unlocking of embedded development value - exploring opportunities for further industrial development to meet tenant demand across all UK business parks Macro Drivers and Industry Trends $ Bank of England increased interest rates by 215 bps over the past ten months to 2.25% as at 31 October 2022 over concerns about government spending and increasing inflation4 Healthy levels of office leasing activity across Greater London and South East UK5 • Commenced construction of Connexion 2 at Blythe Valley Park for FLCT, ~11,000 sqm of industrial space Continued growth of portfolio under management . Facilitated two forward funding acquisitions of prime warehouse and logistics developments by FLCT, both targeting completion in FY23 and for a 15-year period: Worcester Six, pre-let of 16,700 sqm to a leading UK flooring distributor, Alliance Flooring Cheshire PC, pre-let of ~62,000 sqm to a leading UK auto distributor, Peugeot Motor Company Plc Including development projects and FLCT's UK assets, UK AUM is S$2.3 billion Occupier demand in the UK industrial and logistics market remains strong despite economic headwinds6 Portfolio Metrics S$1.8 b AUM1 AOR² WALE³ FY22 FY21 Change 88.1% 90.6% ▼2.5 pp 5.9 years 6.0 years ▼ 1.7 % 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/. content.knightfrank.com/research/522/documents/en/investment-yield-guide-september-2022-9338.pdf. 6. jll.co.uk/en/newsroom/uk-industrial---logistics-take-up-hits-8-2-million-sq-ft-in-q2-2. 5. We are Frasers Property The Rowe, Central London UK 56#57China and UK reported PBIT of S$53 million Segment FY22 FY21 Change China S$31.0 m S$57.1 m ▼ 45.7% UK S$22.2 m S$59.9 m 62.9% TOTAL S$53.2 m S$117.0 m ▼ 54.5% 1. Profit after tax. 2. Provision for the full costs of cladding works for Riverside Quarter pursuant to The Building Safety Act coming into force in April 2022. We are Frasers Property Remarks Lower contributions mainly due to fewer residential unit settlements for Phase 6 of the Gemdale Megacity project in Shanghai in FY22 (151 units) compared to Phase 5G in FY21 (199 units) Share of results¹ include maiden contributions from settlements of Opus One units Consistent contributions from business parks Lower contributions mainly due to additional provision for cladding costs² 40 57#58Jaycar, Eastern Creek Business Park, NSW, Australia Appendix I FRASERS PROPERTY#59REITS 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$43.6 billion AUM 1 across five asset classes Four main SBUS - Singapore, Australia, Hospitality, Industrial; as well as Thailand & Vietnam and Others² residential units settled in FY22 ~4,000 Industrial & Logistics S$13.1 b industrial & logistics AUM1 Hospitality S$9.9 b retail AUM1 S$9.3 b commercial & business parks AUM1 FRASERS LOGISTICS & COMMERCIAL TRUST FRASERS HOSPITALITY TRUST S$4.5 b 5 REITS / Stapled Trust hospitality AUM¹; ~20,6003 hospitality units FCT, FLCT, FHT, FTREIT, and GVREIT 1. Comprises property assets in which the Group has an interest, including assets held by its REITS, Stapled Trust, JVs and associates. 2. Consists of China and the UK. 3. Including both owned and managed properties; and units pending opening. We are Frasers Property 59#60Frasers Property approach to portfolio management Sustainable earnings growth Achieve sustainable earnings growth through significant development pipeline, investment properties, and fee income Balanced portfolio Grow portfolio in a balanced manner across geographies and property segments CC C Jun Optimised capital productivity Optimise capital productivity through REIT platforms and active asset management initiatives We are Frasers Property Sustainable growth and long-term shareholder value 60 60#61Earnings visibility from residential development pipeline 3,986 units settled in FY22 www 9,197 units launched in FY22 9,839 15,462 units sold A pipeline units in FY22 as at 30 September 2022 Pre-sold revenue S$ b 3.5 FY22 pre-sold revenue¹ amounts to S$2.6 billion 3.0 Total: 2.5 2.2 2.0 0.3 Total: 1.6 Total: 1.4 1.5 0.4 0.1 0.1 1.5 1.0 0.5 0.4 0.0 FY18 1.0 0.2 FY19 ■ Singapore 1. Includes the Group's effective interest of JO, JVs, PDAs and associates. We are Frasers Property 1.1 Total: 1.8 0.1 0.2 1.3 Total: 2.6 0.1 0.2 FY20 FY21 FY22 ■Australia ■China ■Thailand 0.1 0.5 1.2 0.8 61#62Diversified across asset classes and geographies Property assets 1 by asset class (S$b) 88% of the Group's property assets¹ as at 30 September 2022 are in recurring income asset classes Industrial & logistics, 11.2, 33% Total S$33.5 b Residential, 4.0, 12% Retail, 7.2, 22% Property assets1 by geography (S$b) Thailand, 4.2, 13% Europe³, 7.0, 21% China, 0.8, 2% Others², 0.8, 2% Total S$33.5 b Singapore, 11.5, 34% Commercial & business parks, 6.8, 20% Hospitality, 4.3, 13% Non-REIT property assets 1 by asset class (S$b) 66% of the Group's property assets¹ as at 30 September 2022 are outside of Industrial & logistics, 6.1, 33% Residential, 4.0, 22% Australia, 9.2, 28% Non-REIT property assets 1 by geography (S$b) China, 0.8, 4% Others², 0.5, 3% Thailand, 3.8, 21% Total S$18.5 b Retail, 1.5,8% Total S$18.5 b Singapore, 4.3, 23% Singapore Commercial & business parks, 4.3, 23% Hospitality, 2.6, 14% Europe³, 3.9, 21% Australia, 5.2, 28% 1. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to JVs and associates, properties held for sale and assets held for sale. 2. Including Vietnam, Malaysia, Japan and Indonesia. 3. Includes property assets and non-REIT property assets in the UK of S$3.5 b (10% of total property assets) and S$2.5b (14% of total non-REIT property assets), respectively. We are Frasers Property 62 62#63Scaled platforms in Singapore, Australia and Thailand Singapore breakdown by asset classes as at 30 Sep 22 1,823.8, 13% (S$ 'm) 1,456.9, 10% Australia breakdown by asset classes as at 30 Sep 22 (S$ 'm) 658.3, 6% 790.4, 7% 1,483.3, 14% Thailand breakdown by asset classes as at 30 Sep 22 (S$ 'm) 236.8, 184.1, 5% 4% 135.5, 3% 1,286.3, 29% 1,652.5, 12% 6,449.1, 46% Total assets: 14,048.4 417.0, 4% 2,666.1, 19% 1,597.4, 15% Total assets: 10,819.5 5,873.1, 54% 464.3, 10% Total assets: 4,493.7 2,186.7, 49% ■Residential ■Industrial & logistics ■Commercial & business parks ■Retail ■ Hospitality ■ Corporate We are Frasers Property 63 33#64Active capital management to optimise capital productivity Capital recycling via the Group's REITs, capital partnerships, and sales to third parties S$8.2 b FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 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 since FY14 S$1.5 b of capital partnerships since FY14 FCT S$153 m S$433 m FLCT FHT S$655 m S$224 m S$223 m S$1,700 m S$240 m S$933 m S$638 m S$1,934 m4 S$301 m S$230 m FTREIT S$70 m S$114 m S$124 m S$152 m S$68 m Recycling via S$1.8 b of non-REIT assets sold to third parties since FY14 S$983 m S$550 m capital partnerships2 Recycling via sales S$452 m S$93 m S$567 m S$101 m S$539 m S$11 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$308 m S$144 m S$20 m S$510 m S$1,120 m REITs' sales to third parties 5 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 F 64#65Frasers Property Singapore Business Unit Overview One of the largest retail mall/office owners and/or operators in Singapore, with established REITs that facilitate efficient capital recycling • Among the top residential property developers in Singapore, with over 22,000 homes built Causeway Point Northpoint City Waterway Point Hougang Mall Parc Greenwich Alexandra Point Alexandra Technopark Tiong Bahru Plaza and Central Plaza Frasers Tower The Centrepoint 51 Cuppage Rd Riviere Valley Point Robertson Walk White Sands Century Square and Tampines 1 Changi City Point ●Sky Eden@Bedok S$8.4 b Retail AUM1 12 assets S$1.8 b Retail non-REIT portfolio Commercial 3 assets S$4.2 b 6 assets S$3.2 b 4 assets AUM² Commercial non- REIT portfolio • FCT's malls & office • FLCT's assets ● Directly-owned malls S$0.8 b ● Directly-owned offices Residential projects 3 active projects Unrecognised residential revenue4 Retail properties NLA breakdown³ (sqm) Non-REIT, 69,962, 25% Total 280,696 REIT, 210,734, 75% Commercial properties NLA breakdown³ (sqm) REIT, 112,078, Non-REIT, 127,857, 53% Total 47% 239,935 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 assets in Singapore in which the Group has an interest, including assets held by FCT and excluding Eastpoint Mall and Bedok Point which was closed on 30 June 2022. 2. Comprises commercial assets in Singapore in which the group has an interest, including assets held by FCT and FLCT. Excludes Cross Street Exchange which was divested on 31 March 2022. 3. As at 30 September 2022, includes area currently used as Community Sports Facilities Scheme (CSFS) space. 4. Includes the Group's subsidiaries at 100% and effective interest of JVs. We are Frasers Property 65 55#66• Frasers Property Singapore REIT - FCT 41.2% stake in FCT, which owns a retail portfolio of nine suburban malls 1 FCT holds 30.53% of the units in Hektar Real Estate Investment Trust S$6.2b Country Portfolio value2 FY22 NPI 9 Properties Causeway Point Century Square • Changi City Point Hougang Mall Northpoint City North Wing S$5,516.0 m S$258.6 m (including Yishun 10 retail podium) Singapore Tampines 1 Tiong Bahru Plaza (including Central Plaza) White Sands Waterway Point (FCT owns 40% stake) Assets under management³ Well-located suburban retail properties CENTURY SQUARE $ Century Square, Singapore 1. Retail portfolio refers to FCT's portfolio of suburban malls including Waterway Point and excluding the office property Central Plaza. 2. Refers to FCT's investment portfolio (including Central Plaza) as at 30 September 2022, excluding the 40% stake held in joint venture Sapphire Star Trust which holds Waterway Point. 3. Total assets of FCT's investment portfolio (including Central Plaza) as at 30 September 2022, including its 40% stake in Waterway Point's total assets. We are Frasers Property 66#67Frasers Property Australia Business Unit Overview Central Park Perth Baldivis Grove Baldivis Parks Frasers Landing Port Coogee Queens Riverside Perth FLCT properties Residential properties Retail properties Build-to-Rent properties Commercial properties 545 Blackburn Rd 357 Collins St Berwick Waters Burwood Brickworks Burwood Brickworks Shopping Centre Living, Carlton Five Farms Life, Point Cook Mambourin Parkville Wallara Waters The Grove Yarraville Brookhaven Brunswick & Co. Coorparoo Square Cova, Hope Island New Beith (coming soon) Newstead (coming soon) Hamilton Reach Keperra Minnippi Quarter Caroline Chisholm Centre Canberra Melbourne • One of Australia's leading diversified property groups • • • ~13,200 pipeline residential development units 1,2 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$1.9 billion³ with a weighted average lease expiry of 4.4 years and occupancy at 73.9% Real Utilities has embedded networks and 7,365kW of solar PV5 installed across 16 projects to date serving ~1,878 customers 15 assets Commercial properties NLA breakdown (sqm) Brisbane S$1.9 b Investment portfolio AUM³ Sydney Non-REIT, S$0.6 b Commercial non- REIT portfolio 70,048, 32% Retail non-REIT portfolio S$1.2 b 26 active projects Unrecognised residential revenue6 Central Place Sydney ECQ and ECQ XL Ed.Square Ed.Square Town Centre Fairwater Midtown MacPark Rhodes Corporate Park The Waterfront, Shell Cove 6 assets S$0.4 b 5 assets Total 215,779 REIT, 145,731, 68% 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. Includes 100% of joint arrangements - JOs and JVS - and PDAs. 2. Comprises unsold units and land bank; Includes The Grove, which is conditional and exchanged contracts under deferred payment terms. 3. Comprises commercial and retail assets in Australia in which the Group has an interest, including assets held by FLCT. 4. Real Utilities is a licensed energy business wholly owned by Frasers Property Australia. 5. PV stands for photovoltaic. 6. Includes the Group's effective interest of JOS, JVS and PDAs. 7. As at 30 September 2022. We are Frasers Property 67#68Frasers Property Industrial Business Unit Overview The Netherlands • 6 REIT assets • 3 Non-REIT assets UK • 4 REIT assets Germany ⚫ 29 REIT assets 18 Non-REIT assets Austria .4 Non-REIT assets Singapore .1 REIT asset Australia • 65 REIT assets • 31 Non-REIT assets • • 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 • Poised to leverage existing strong connections in Southeast Asia through FPT Sustainability . Frasers Property Industrial was recognised as the Regional Sector Leader in Oceania for its existing Industrial assets in Australia in the 2022 GRESB benchmark Industrial NLA breakdown2 (sqm) Non-REIT EU, 661,628, 17% REIT UK, 19,534,1% Commercial & Business Park NLA breakdown2 (sqm) REIT Singapore, 96,087 27% S$11.2 b 161 assets S$1.8 b 31 assets Total AUM1 Australia non- REIT portfolio 2.7 m sqm 4.2 m sqm Total NLA Total strategic land bank REIT AU, 1,314,098, 34% S$1.0 b Europe non- 25 assets REIT portfolio ~S$400 - 600 m GDV of facilities delivered annually REIT EU, 943,643, 25% Total 3,819,522 Total 352,128 Non-REIT AU, 880,619,23% REIT UK, 111,044, 32% 1. Comprises industrial & logistics assets in Australia, Germany, the Netherlands and Austria 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 2022 We are Frasers Property REIT AU, 144,997, 41% 68#69Frasers Property Industrial REIT FLCT - 21.6% stake in logistics & commercial trust with 105 quality properties FLCT is a constituent of the STI (Straits Times Index) FLCT is a constituent of the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) S$6.7 b Portfolio value¹ 105 Properties in major developed countries Country Properties Portfolio value1 FY22 Adjusted NPI • Logistics & Industrial - 61 assets Australia S$3.4 b • Commercial - 4 assets Germany Singapore UK Logistics & Industrial - 29 assets S$1.6 b S$342.1 m • Commercial - 1 asset S$0.7 b • Commercial 3 assets S$0.6 b • Logistics & Industrial - 1 asset The Netherlands • Logistics & Industrial - 6 assets S$0.4 b Note: All portfolio metrics presented exclude the Port Melbourne property and all investment properties under development. 1. As at 30 September 2022 and excludes right-of-use assets. We are Frasers Property PIEPER Fuggerstraße 17, Bielefeld, Germany 69 69#70Frasers Hospitality Business Unit Overview Well-established hospitality brands with quality assets in prime locations • Strong and established international footprint • Scalable operations across 72 cities and 22 countries Breakdown of total units by geography2 10,000 Total: 8,000 7,383 Total: Total: 1,316 6,231 6,000 5,920 201 China South Korea ●●Japan S$4.1 b Hospitality 1,696 Bahrain Qatar 53 assets AUM1 Hong Kong UAE 4,000 Thailand Oman Cambodia Vietnam Malaysia S$2.3 b Hospitality 6,067 6,030 non-REIT Singapore 39 assets portfolio 2,000 4,224 UK ●Germany France Switzerland Spain Turkey Saudi Arabia Nigeria Indonesia Australia 0 Owned properties Properties under management contracts North Asia Asia Pacific ex North Asia ■ Signed-Up Europe, Middle East, and Africa ■ Operational NB: Figures include both directly-owned properties, and properties owned through FHT. 1. Comprises hospitality assets in which the Group has an interest, including assets held by FHT. 2. As at 30 September 2022. We are Frasers Property 70 70#71Frasers Hospitality Stapled Trust - FHT 25.8% stake in global hotel and serviced residence trust; 14 quality assets 9 Gateway cities Country Properties Portfolio value 1,2 FY22 NPI 1 hotel S$803.0 m Singapore 27% 1 serviced residence (42%) 3,477 Keys • 2 hotels S$438.3 m Australia 31% • 1 serviced residence (A$477.0 m) (23%) 2 hotels United Kingdom 4 serviced residences S$292.5 m (£182.4 m) (16%) 20% S$161.6 m Japan 1 hotel 6% (¥16,200.0 m) (9%) S$117.7m Malaysia • 1 hotel 6% (RM380.0 m) (6%) S$83.0 m Germany TOTAL 1 hotel 8 hotels • 6 serviced residences 10% (€59.0 m) (4%) S$1,896.1 m 100% Fraser Suites Sydney 1. Based on exchange rates of RM1.00 = S$0.3097; ¥1.00 = S$0.009977; A$1.00 = S$0.9188; £1.00 = S$1.6037; €1.00 = S$1.4074. 2. Book value as reported by FHT. The Group adjusted the book value to reflect its freehold valuation in the property. We are Frasers Property 71#72Frasers Property Thailand Business Unit Overview Chiang Rai Chiang Mai Lumphun Khon Kean Nakhon Ratchasima Bangkok Ayutthaya Nontaburi Pathumthani Bangkok Prachinburi Chaochoengsao Samut Sakon Samut Prakan Chonburi Rayong S$3.3 b 913 assets S$1.0 b 5 assets S$0.3 b 1,079 keys S$2.2 b 2 REITS S$0.1 b 75 active projects Warehouse & Factory AUM³ Office & Retail AUM³ Hospitality AUM3 REIT AUM Unrecognised residential revenue4 • 81.8%¹ deemed interest in FPT, a leading integrated real estate platform and one of the five largest property developers in Thailand Holds a -26.6% and -23.5% stake in FTREIT (portfolio value ~S$1,755.5 million) and GVREIT (portfolio value ~S$412.7 million), respectively, while GOLDPF was delisted from the Stock Exchange of Thailand on 28 October 2021 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 5 (sqm) Industrial & Logistics NLA breakdown 5 (sqm) Non-REIT, 138,901, Industrial & Logistics 58% Total ● Residential 239,401 • Commercial Non-REIT, 1,121,057, 34% Total 3,264,2726 REIT, 2,143,215, 66% REIT, 100,500, 42% 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 2022, 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. As at 30 September 2022. 6. Includes a portfolio of industrial and logistics assets in Indonesia with 149,656 sqm of NLA. We are Frasers Property 22 72#73Frasers Property Vietnam Business Unit Overview Building an integrated platform with a resilient portfolio • Residential - 333 apartment units, 13 shop-lots units and 18 landed units built Commercial office NLA of close to 22,500 sqm - Industrial project under development on a 588,442 sqm site Melinh Point, Ho Chi Minh City • Grade A Office Building in CBD NLA of 17,500 sqm BUONG LELAI BUONG D Q2 Thao Dien², Ho Chi Minh City • 333 high-end apartments, 13 retail shop-lots, 18 landed units, with a total GDV of S$182.5 million Binh Duong Industrial Park ("BDIP")³, Binh Duong province 588,442 sqm of industrial land in Binh Duong Province • Office building with NLA of ~5,000 sqm BDIP has an estimated total development value of S$180 million with over 200,000 sqm of facilities expected to be delivered over the next three to five years 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. We are Frasers Property 73#74Frasers Property China Business Unit Overview Owner, developer and operator of a diverse portfolio of properties in China • 15,267 homes built to date • 5 development projects • 686 units in the land bank • S$0.5 billion² unrecognised revenue • 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 1-Star China Green Building Label Chengdu Logistics Hub Total GFA of 585,000 sqm 179 units under land bank Gemdale Megacity, Shanghai Club Tree, Songjiang, Shanghai Galaxy Nanmen, Jiading, Shanghai Upview Malu, Jiading, Shanghai • 7,161 units in total • 101 units under development • 1,880 units under development 2-Star China Green Building Label • 796 units under development • 1,013 units under development • 1-Star China Green Building Label • 1-Star China Green Building Label UK BREEAM 4-Star 1. Includes all units not launched for sale. 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; 8.75% effective stake. 4. Consists of both warehouse and office units; 80% effective stake. 5. Consists of 101 retail units; 45% effective stake. 6. 15% effective stake. 7. 12% effective stake. 8. For sales gallery / showflat. We are Frasers Property 74#75Frasers Property UK Business Unit Overview Hillington Cheshire BVP and Connexion Worcester Six S$1.8 b 7 assets S$1.3 b 4 assets Business park AUM1 Business park non-REIT portfolio Winnersh Triangle Maxis Riverside Quarter Chineham Lakeshore Farnborough One of the largest business parks owners and/or managers in the UK Seven business park assets with a portfolio NLA of ~527,000 sqm let to ~455 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 one industrial asset ~20,000 sqm with four tenants on behalf of FLCT Two forward-funded development projects managed on behalf of FLCT: Worcester Six and Cheshire Focused on proactive asset management, strong customer relations, placemaking and sustainability to maintain strong portfolio metrics 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) South East UK Business parks Residential properties FLCT properties REIT, 110,792, 21% Total Non-REIT 416,391, 79% 527,183 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 2022. 3. Targeted for completion in Nov 22 (1Q FY23). We are Frasers Property 75#76Hotel du Vin Bistro Hotel du Vin & Bistro CAMBRIDGE Hotel du Vin Cambridge, UK CAMBRIDGE Hotel du Vin Dotacept pality for an e mage to any bikycles Hot Appendix II FRASERS PROPERTY#77Frasers Property Singapore Notes on profit recognition 1 Estimated total saleable area Project Rivière Effective share (%) Total no. of units² % of units sold³ % completed 4 ('000 sqm) Target completion date 100 4555 74.9 88.1 475 1H FY23 Parc Greenwich (EC) 80 496 99.8 32.6 50 2H FY24 Sky Eden@Bedok 100 1586 13.3 146 1H FY26 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. Including 100% of JV projects. 3. As at 30 September 2022 based on sales & purchase agreements signed. 4. As at 30 September 2022. 5. Excluding 72 serviced apartment units. 6. Excluding 12 commercial units. 77 We are Frasers Property#78Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Estimated total Project¹ Effective share (%) Total no. of units² % of units sold saleable area Target completion date ('000 sqm) Burwood East (Burwood Brickworks, Plaza Garden Apt) - HD, VIC 100 70 100.0 4.7 Completed East Perth (Queens Riverside, Lily Apt) - HD, WA 100 125 91.2 12.4 Completed Edmondson Park (Ed.Square, The Emerson Apt) - HD, NSW 100 91 98.9 8.2 Completed Carina (Minnippi Quarter) - MD/L³, QLD 100 193 99.5 n/a 1Q FY23 Hope Island (Cova) - MD, QLD 100 499 100.0 n/a 1Q FY23 Westmeadows (Valley Park) - MD, VIC PDA4 210 100.0 n/a 1Q FY23 Burwood East (Burwood Brickworks, Ardent Collection Apt) - HD, VIC 100 94 94.7 5.3 3Q FY23 Burwood East (Burwood Brickworks, The Terrace Apt) - HD, VIC Carlton (Carlton, Encompass Apt) - HD, VIC 100 135 94.1 6.1 3Q FY23 65 115 77.4 7.5 4Q FY23 Shell Cove (The Waterfront, Shell Cove, Nautilus Apt) - HD, NSW Macquarie Park (Midtown, Mac Apt) - HD, NSW PDA4 116 100.0 10.9 4Q FY23 50 269 92.6 17.9 1Q FY24 Shell Cove (The Waterfront, Shell Cove, Ancora Apt) - HD, NSW Blacktown (Fairwater) - MD, NSW PDA4 64 100.0 5.9 1Q FY24 100 827 96.6 n/a 2Q FY24 Edmondson Park (Ed.Square, The Arlington Apt) - HD, NSW 100 73 100.0 6.5 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 joint arrangements (JO and JV) and PDAs. 3. There are a number of land lots; profit is recognised when land lots are sold; target completion date is the target date for the sale of the last land lot. 4. PDA: Project development agreement. We are Frasers Property 78#79Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Project¹ Effective share (%) Total no. of units² % of units sold Estimated total saleable area ('000 sqm) Target completion date Edmondson Park (Ed.Square, The Clifton Apt) - HD, NSW 100 45 80.0 4.1 2Q FY24 Macquarie Park (Midtown, Affordable Apt) - HD, NSW PDA4 130 100.0 8.8 2Q FY24 Macquarie Park (Midtown, Soul Apt) - HD, NSW PDA4 107 61.7 7.5 2Q FY24 Lidcombe (The Gallery) - H/MD, NSW 100 115 82.6 n/a 3Q FY24 East Perth (Queens Riverside, Lily Retail) - R, WA 100 5 60.0 0.6 4Q FY24 East Perth (Queens Riverside, QIII Retail) -R, WA 100 6 33.3 0.9 4Q FY24 Shell Cove (The Waterfront, Shell Cove, Vela Apt) - HD, NSW PDA4 52 25.0 6.3 4Q FY24 Macquarie Park (Midtown, Treehouse Apt) - HD, NSW PDA4 162 14.6 12.0 1Q FY25 Burwood East (Burwood Brickworks) - MD/L³, VIC 100 259 100.0 n/a 4Q FY25 Tarneit (The Grove) - L³, VIC Baldivis (Baldivis Grove) - L³, WA Clyde North (Berwick Waters) - L³, VIC Wyndham Vale (Mambourin) - L³, VIC Hamilton (Hamilton Reach) - MD, QLD 50 1773 67.8 n/a 4Q FY25 100 384 49.2 n/a 4Q FY26 PDA4 1978 69.7 n/a 4Q FY26 100 1344 54.8 n/a 4Q FY26 100 299 9.4 n/a 1Q FY27 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 joint arrangements (JO and JV) and PDAs. 3. There are a number of land lots; profit is recognised when land lots are sold; target completion date is the target date for the sale of the last land lot. 4. PDA: Project development agreement. We are Frasers Property 1 79#80Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Project¹ Bahrs Scrub (Brookhaven) - L³, QLD Effective share (%) Total no. of units² % of units sold saleable area Estimated total Target completion date ('000 sqm) 100 1990 58.3 n/a 4Q FY27 Shell Cove (The Waterfront, Shell Cove) - MD/L³, NSW PDA4 2666 91.8 n/a 4Q FY27 Edmondson Park (Ed.Square) - MD, NSW 100 646 51.9 n/a 1Q FY29 Baldivis (Baldivis Parks) - L³, WA 50 1015 42.7 n/a 2Q FY29 Mandurah (Frasers Landing) - L³, WA Clyde North (Five Farms) - L³, VIC North Coogee (Port Coogee) - L³, WA Wallan (Wallara Waters) - L³, VIC 100 608 93.8 n/a 4Q FY29 PDA4 1608 18.9 n/a 2Q FY31 100 627 31.9 n/a 4Q FY31 50 1969 42.9 n/a 2Q FY33 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 joint arrangements (JO and JV) and PDAs. 3. There are a number of land lots; profit is recognised when land lots are sold; target completion date is the target date for the sale of the last land lot. 4. PDA: Project development agreement. We are Frasers Property 80 808#81Frasers Property Australia Residential - Land bank Project¹ Macquarie Park (Midtown) - HD, NSW Yarraville (Bradmill Yarraville) - HD/MD/R, VIC Effective share (%) Estimated total Estimated total saleable area no. of units² ('000 sqm) PDA³ 1726 131.7 50 1082 170.6 Edmondson Park (Ed.Square) - HD, NSW 100 812 44.1 Parkville (Parkside Parkville) - HD, VIC 50 548 26.4 Keperra L/MD, QLD 100 495 n/a Shell Cove (The Waterfront, Shell Cove) - HD, NSW PDA³ 357 23.1 Cockburn Central (Cockburn Living) - H/MD, WA 100 346 34.4 Newstead (Chester Street) - HD, QLD 100 144 18.6 Wolli Creek (Discovery Point) - HD, NSW 100 26 4.3 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 joint arrangements (JO and JV) and PDAs. 3. PDA: Project development agreement. We are Frasers Property 81#82Frasers Property Australia Retail - Land bank Site Wyndham Vale (Mambourin, Stage 1), VIC Edmondson Park (Ed.Square, Stage 2), NSW We are Frasers Property Effective share (%) 100 100 Estimated total saleable area ('000 sqm) 7.2 12.2 82 32#83Frasers Property Australia Build-to-Rent - Notes on profit recognition Project¹ Fortitude Valley (Brunswick & Co.) - HD, QLD Effective share (%) Total no. of units² 100 366 1. L- Land, H/MD - Housing / medium density, HD - High density, R - Mixed use retail. 2. Includes 100% of joint arrangements (JO and JV) and PDAs. We are Frasers Property Target completion date 1Q FY25 83#84Frasers Property Industrial Notes on profit recognition Australia - Development for internal pipeline Dandenong South, (Zenexus & Nolan Group), VIC Effective share (%) Total area ('000 sqm) % to go Target completion date 100 23.0 36 1Q FY23 Yatala, (GMK Logistics), QLD Berrinba, (National Tyre & Wheel), QLD 100 22.6 87 2Q FY23 100 21.0 64 2Q FY23 Dandenong South, (Décor & Spec), VIC 100 41.7 89 3Q FY23 Stapylton, (National Tiles & Spec), QLD 100 26.8 100 4Q FY23 Stapylton, (Good Year), QLD 100 25.5 100 3Q FY23 Stapylton, (Prelease11), QLD 100 36.6 100 3Q FY23 Kemps Creek West, (Techtronic Industries (TTI)), NSW 49.9 74.1 66 4QFY23 Kemps Creek West, (Prelease2¹), NSW 49.9 26.3 100 4QFY23 Kemps Creek West, (Prelease3¹), NSW 49.9 29.2 100 4QFY23 Kemps Creek West, (Prelease4¹ & Spec), NSW 49.9 17.9 100 4Q FY23 Kemps Creek West, (Prelease5¹ & Spec), NSW 49.9 27.2 100 1Q FY24 Australia Development for third party sale Richlands, QLD Macquarie Exchange, MQX4 (Ascendas REIT), NSW 1. Lease has been signed, confidential. We are Frasers Property Effective share (%) Total area ('000 sqm) % to go Target completion date 100 12.2 36 2Q FY23 50 19.5 22 22 1Q FY23 84#85Frasers Property Industrial Notes on profit recognition Europe - Development for internal pipeline Bemmel Stage 1 We are Frasers Property Effective share (%) Total area ('000 sqm) % to go Target completion date 100 33.3 76 4Q FY23 85#86Frasers Property Industrial Land bank Australia Industrial Kemps Creek East, NSW Horsley Park, NSW Epping, VIC Stapylton, QLD Effective share (%) Туре Estimated total saleable area ('000 sqm) 100 Industrial 572.0 100 Industrial 317.5 100 Industrial 281.5 100 Industrial 253.5 Cobblebank, VIC 100 Industrial 204.6 Kemps Creek West, NSW 49.9 Industrial 188.6 Dandenong South, VIC 100 Industrial 152.8 Tarneit, VIC 100 Industrial 101.8 Archerfield, QLD Kemps Creek, NSW 100 Industrial 58.2 100 Industrial 40.2 Australia - Commercial Macquarie Exchange, NSW Mulgrave, VIC Effective share (%) 50 50 Туре 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 86 98#87Frasers Property Industrial Land bank Europe Industrial Dusseldorf, Germany Breda Posthoren, the Netherlands Gunzburg, Germany Gaggenau, Germany Bemmel (Stage 2), the Netherlands We are Frasers Property Effective share (%) Туре Estimated total saleable area ('000 sqm) 100 Industrial 140.9 100 Industrial 98.8 94.9 Industrial 97.0 100 Industrial 78.8 100 Industrial 53.0 87#88Frasers Property Thailand Residential - Notes on profit recognition Project De Pine Golden Prestige Watcharapol-Sukhaphiban 5 Golden Town 2 Ngamwongwan-Prachachuen Golden Town 2 Bangkae Effective share (%) Total no. of units % of units sold Estimated total saleable area Target completion ('000 sqm) date 59.32 213 99.1 99.1 Completed 59.32 153 98.0 38.3 Completed 59.32 139 98.6 10.4 Completed 59.32 312 68.9 22.8 Completed Golden Town 3 Bangna-Suanluang 59.32 379 98.4 27.9 Completed Golden Town Pattaya Tai-Sukhumvit 59.32 249 95.2 19.8 Completed Golden Town Petchkasem-Phutthamonthon Sai 3 59.32 291 99.3 20.7 Completed Golden Town Srinakarin-Sukhumvit 59.32 405 99.8 30.6 Completed Golden Town Vibhavadi-Chaengwattana 59.32 330 97.3 25.4 Completed The Island (Courtyard) 59.32 89 98.9 46.4 Completed Golden Neo 2 Bangkae 59.32 172 87.8 26.7 1Q FY23 Golden City Sathorn 59.32 119 70.6 10.6 3Q FY23 Golden Neo Chaengwattana-Muang Thong 59.32 156 75.6 24.3 3Q FY23 Golden Neo Korat-Terminal 59.32 491 76.2 46.3 3Q FY23 Golden Town Ramintra-Wongwaen 59.32 478 80.8 36.7 3Q FY23 Golden Town Sathorn 59.32 392 78.3 29.6 4Q FY23 Grandio Petchkasem 81 59.32 107 72.0 23.5 4Q FY23 Golden City Chaengwattana-Muang Thong 59.32 167 68.9 14.1 1Q FY24 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. We are Frasers Property 88#89Frasers Property Thailand Residential - Notes on profit recognition Project Golden Neo Khonkaen-Bueng Kaennakhon Golden Town 4 Ladphrao-Kasetnawamin Golden Town Ayutthaya Effective share (%) Total no. of units % of units sold ('000 sqm) Estimated total saleable area Target completion date 59.32 261 50.2 22.7 1Q FY24 59.32 128 0.0 10.7 1Q FY24 59.32 455 75.8 33.5 1Q FY24 Golden Town Charoenmuang-Superhighway 59.32 131 61.8 10.0 1Q FY24 Golden Town Sriracha-Assumption 59.32 476 80.7 38.9 1Q FY24 Golden Village Chiang Rai-BigCAirport 59.32 99 68.7 17.4 1Q FY24 Golden Neo Siriraj-Ratchapruek 59.32 193 13.0 37.5 3Q FY24 Golden Town 3 Rama 2 59.32 424 55.4 30.0 3Q FY24 Grandio Rattanathibet-Ratchapruek 59.32 146 0.0 38.1 3Q FY24 Golden Neo Suksawat-Rama 3 59.32 292 11.0 32.2 4Q FY24 Golden Town 2 Srinakarin-Sukhumvit 59.32 491 49.5 36.5 4Q FY24 Golden Town Future - Rangsit 59.32 269 16.4 20.5 4Q FY24 Golden Town Siriraj-Ratchapruek Grandio Vibhavadi-Rangsit Prestige Rama 2 The Grand Lux Bangna-Suanluang 59.32 254 29.9 20.5 4Q FY24 59.32 237 54.9 68.0 4Q FY24 59.32 169 1.8 32.7 4Q FY24 59.32 61 57.4 32.2 4Q FY24 Golden Neo 3 Rama 2 Golden Town Petchkasem 81 59.32 212 46.7 33.0 1Q FY25 59.32 314 42.4 23.3 1Q FY25 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. We are Frasers Property 89#90Frasers Property Thailand Residential - Notes on profit recognition Project Golden Town Tiwanon-Chaengwattana Neo Home Rattanathibet-Ratchapruek Effective share (%) Total no. of units % of units sold ('000 sqm) Estimated total saleable area Target completion date 59.32 361 51.0 26.1 1Q FY25 59.32 124 14.5 20.0 1Q FY25 The Grand Vibhavadi 60 59.32 38 21.1 7.9 1Q FY25 Golden Town Phaholyothin-Saphanmai 59.32 495 58.0 36.4 3Q FY25 Golden Town Ratchapruk - Rama 5 59.32 193 30.1 15.9 3Q FY25 Grandio Bangna Km.5 59.32 225 2.7 46.3 3Q FY25 Grandio Sathorn 59.32 184 23.9 46.7 3Q FY25 Neo home Udon-Prachasanti 59.32 147 6.1 25.6 3Q FY25 Golden Neo Sukhumvit-Lasalle 59.32 154 27.9 25.4 4Q FY25 Golden Town Ngamwongwan-Khae Rai 59.32 321 51.4 23.9 4Q FY25 Golden Town Rattanathibet-WestGate 59.32 290 46.6 20.9 4Q FY25 Prestige Future-Rangsit 59.32 367 12.3 66.6 4Q FY25 Golden Town Phaholyothin-Lumlukka 59.32 378 46.3 27.2 1Q FY26 Prestige Rama 9-Krungthepkreetha 59.32 114 26.3 23.2 1Q FY26 Golden Neo Chachoengsao-Ban Pho 59.32 409 42.8 36.1 3Q FY26 Golden Neo Ngamwongwan-Prachachuen 59.32 118 22.0 19.1 3Q FY26 Golden Town Angsila-Sukhumvit 59.32 492 23.6 37.2 3Q FY26 Golden Town Chiangrai-BigC Airport 59.32 353 39.1 25.4 1Q FY27 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. We are Frasers Property 90 90#91Frasers Property Thailand Residential - Notes on profit recognition Project Golden Neo Bangna-Suanluang Golden Town Sukhumvit-Lasalle Golden Neo 2 Ramintra-Wongwaen Grandio 2 Vibhavadi-Rangsit Grandio Bangkae Grandio Suksawat-Rama 3 Neo home 2 Korat-Terminal Effective share (%) Total no. of units % of units sold Estimated total saleable area ('000 sqm) Target completion date 59.32 146 76.7 23.4 2Q FY23 59.32 239 71.5 17.4 2Q FY23 59.32 167 54.5 25.3 2Q FY24 59.32 112 18.8 26.2 2Q FY24 59.32 257 70.8 62.3 2Q FY24 59.32 96 40.6 24.3 2Q FY24 59.32 244 10.7 40.1 2Q FY24 Alpina 59.32 131 74.8 87.3 2Q FY25 Golden Town Bangna Km.5 59.32 470 3.8 35.5 2Q FY25 Golden Town Petchkasem-Liap Khlong Thawi Watthana 59.32 312 4.8 22.7 2Q FY25 Golden Town Rama 9-Krungthepkreetha 59.32 303 3.3 23.1 2Q FY25 Neo Home Angsila-Sukhumvit 59.32 183 15.8 30.2 2Q FY25 Golden Town 4 Rama 2 59.32 352 0.0 25.7 2Q FY26 Golden Town 2 Ramintra-Wongwaen 59.32 289 21.1 20.7 2Q FY27 Grandio Ramintra-Wongwaen Golden Town Chiang Mai-Kad Ruamchok Golden Town Vibhavadi-Rangsit Golden Neo 2 Bangna-Kingkaew NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. We are Frasers Property 59.32 259 35.5 65.2 2Q FY27 59.32 398 36.2 28.9 4Q FY26 59.32 398 35.2 28.8 4Q FY26 59.32 372 35.8 58.8 2Q FY29 91#92Effective share (%) Total no. of units % of units sold Estimated total saleable area Target completion ('000 sqm) date 59.32 276 4.3 71.3 4Q FY32 59.32 495 19.4 35.4 3Q FY33 59.32 433 8.8 32.0 4Q FY38 Frasers Property Thailand Residential - Notes on profit recognition Project Grandio 2 Rama 2 Golden Town Rangsit-Klong 3 Golden Town Suksawat-Rama 3 NB: Profit is recognised on completion basis. All references to units include apartments, houses and land lots. We are Frasers Property 22 92#93Frasers Property Thailand Residential - Land bank Site Bangna Effective share (%) Estimated total no. of units Estimated total saleable area ('000 sqm) 59.32 1 5.2 Rama 2 59.32 847 87.0 Chiangrai 59.32 371 70.1 Ramintra-Wongwaen 59.32 2 9.2 Rangsit 59.32 842 151.8 Sukhumvit 59.32 533 69.2 Ladphrao-Kasetnawamin 59.32 89 26.4 Sathorn 59.32 112 9.6 Condo-Sathorn 59.32 427 2.6 Suk Sawat 59.32 1 7.0 Rayong 59.32 1 120.3 Condo-Ratchada 59.32 122 0.4 Kasetnawamin 59.32 358 49.9 We are Frasers Property 33 93#94Frasers Property Thailand Industrial & Logistics - Notes on profit recognition Development for internal pipeline Frasers Property Logistics Center Bangplee 2 Samutprakarn Effective share (%) Total area ('000 sqm) Target completion date 59.63 27 1Q FY23 Frasers Property Logistics Park, Wangnoi 2 Ayutthaya 59.63 19 2Q FY23 Frasers Property Logistics Center, Bangplee 7 Samutprakarn Bangkok Logistics Park, Puchaosamingprai Samutprakarn 59.63 20 3Q FY23 44.72 30 3Q FY23 We are Frasers Property 94#95Frasers 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) 59.63 Industrial 195 59.63 Industrial 35 59.63 Industrial 234 59.63 Industrial 723 59.63 Logistics 732 59.63 Logistics 893 59.63 Logistics 1,476 59.63 Logistics 716 95#96Frasers Property China Notes on profit recognition¹ Estimated total saleable Target completion Project Baitang One (Phase 3B), Suzhou Chengdu Logistics Hub (Phase 1), Chengdu - warehouse Chengdu Logistics Hub (Phase 2), Chengdu Chengdu Logistics Hub (Phase 4), Chengdu Effective share (%) Total no. of units² % of units sold³ area ('000 sqm) date 100 380 91.6 58 Completed 80 164 100.0 162 Completed 80 163 100.0 61 Completed 80 358 96.6 164 Completed Gemdale Megacity (Phase 2A), Songjiang, Shanghai - retail Gemdale Megacity (Phase 3B), Songjiang, Shanghai - retail Gemdale Megacity (Phase 3C), Songjiang, Shanghai - retail Gemdale Megacity (Phase 4F), Songjiang, Shanghai - retail Gemdale Megacity (Phase 4D), Songjiang, Shanghai - retail Gemdale Megacity (Phase 6J), Songjiang, Shanghai 45 22 54.5 4 Completed 45 21 100.0 1 Completed 45 71 81.7 8 Completed 45 3 33.3 0.2 Completed 45 11 90.9 1 Completed 45 154 100.0 25 Completed Opus One45, Xuhui, Shanghai 8.75 359 99.7 39 Completed Club Tree, Songjiang, Shanghai Galaxy Nanmen*, Jiading, Shanghai 15 1,826 88.7 201 1Q FY24 12 796 100.0 88 2Q FY24 Upview Malu, Jiading, Shanghai 12 661 99.8 71 2Q FY25 1. Profit is recognised on completion basis. 2. All references to units exclude carparks. Including 100% of JV projects. 3. As at 30 September 2022, based on sales & purchase agreements signed. 4. Accounted for as a joint venture. 5. The development scheme excludes 126 long-term lease apartments. We are Frasers Property 96#97Frasers Property China Land bank Site Chengdu Logistics Hub (Phase 2A), Chengdu Gemdale Megacity (Phase 4E), Songjiang, Shanghai Club Tree, Songjiang, Shanghai Upview Malu, Jiading, Shanghai 1. Including 100% of JV projects. 2. Warehouse/office units. 3. Retail units. 4. Residential units. We are Frasers Property Effective share (%) Estimated total no. of units¹ Estimated total saleable area ('000 sqm) 80 1792 81 45 1013 13 15 544 5 12 3524 34 97#98Frasers Property UK Notes on profit recognition¹ Residential Project Five Riverside Quarter 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 Estimated total saleable area ('000 sqm) Target completion date 100 149 100% 12.5 Completed 100 87 91% 8.4 Completed 100 172 64% 18.6 Completed 98#99Inspiring experiences, creating places for good. FRASERS PROPERTY