Investor Presentaiton

Financials Overview Revenue growth and profitability Gross Revenue and Net Property Income (1) (S$ millions) 93.4% 71.6% 64.5% 63.2% 54.2% Total Assets and Total Debt(2) (S$ millions) 33.7% 34.6% 230 197 184 273 203 176 165 Acquisition of Lippo Mall Puri will increase LMIR Trust's NPI by Rp257.3bn (S$24.5mn^) 129 121 66 FY2017A FY2018A FY2019A 9M2019A 9M2020A Gross Revenue ■Net Property Income NPI margin 2,064 1,966 H 695 FY2017A 35.9% 2,013 42.5% LMIR Trust incurred additional S$120mn debt pursuant to financing for Lippo Mall Puri acquisition Total Assets will increase by Rp4,025bn (S$380.2mn*) due to addition of Lippo Mall Puri 1,639 680 722 696 FY2018A ■Total Assets ■Total Debt FY2019A 9M2020A Debt-to-Asset ratio LMIR Trust's revenue and profitability were impacted by Covid-19 However, our financials are expected to improve in 2H2021 as recovery is expected in FY2021 with stable income from Lippo Mall Puri Λ Based on the prevailing exchange rate on 30 Sep 2020 of Rp10,514.34 = S$1.00. * Based on the actual rate to close the acquisition of Rp10,585.31 = S$1.00. (1) In 2018, LMIR Trust began to progressively consolidate service charge, utilities recoveries and associated costs across its properties, leading to a decline in margins. (2) Total debt excludes perpetual securities. 8

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