Investor Presentaiton

1H2023 Key Highlights Financial Updates Gross Revenue S$196.8m +33.3% y-o-y Net Property Income ("NPI") S$140.8m +37.0% y-o-y NAV per Unit 33.7 cents (31 Dec 2022: 36.4 cents) Distribution per Unit 1.378 cents (1H2022: 1.460 cents) Portfolio Updates Positive Rental Reversion +11.6% (1H2022: +11.4%) High Occupancy Rate 92.9% (1Q2023: 92.1%) Significant New Economy Exposure 63.2% (1H2022: 62.7%) Divestments • Pandan Logistics Hub completed Announced divestment of 7 non-core assets for S$337.0m (1) • Capital Management Gearing 39.4% as at 30 June 2023 c.33.6% (2) upon completion of announced divestments (1) Interest Rate Exposure Hedged 74.8% on fixed rates (31 Dec 22: 72.0%) Cost of Debt 3.96% per annum (31 Dec 22: 3.66%) All Debt Expiring in FY2023 Refinanced No refinancing risk The EFR and non-core assets divestment have recapitalised and strengthened our balance sheet with lower gearing and alleviated the concerns of gearing pressures Enables E-LOG to mitigate the continued high interest rate environment, and its impact on DPU, Valuation, Gearing and NAV Additionally, E-LOG stands ready with a strong financial position and significant debt headroom amidst an expected asset repricing environment, to capture investment opportunities which may arise for E-LOG to augment our portfolio rejuvenation strategy towards modern, in-demand New Economy assets ESR-LOGOS 51 Musgrave Road In Australia At 6.2% And 2.4% Premium To Valuation Respectively". (2) On a FY2022 pro forma basis, including (i) the Equity Fund Raising and the divestment of 49 Pandan Road, assuming the net proceeds REIT Notes: (1) Refer to announcements dated 23 June 2023 titled "Proposed Divestment of a Portfolio of 5 Assets with an Aggregate Sale Consideration of S$313.5 million" and "Divestment Of 22 Chin Bee Drive In Singapore And from the Equity Fund Raising and the divestment of 49 Pandan Road, together with the net proceeds from the divestments announced on 23 June 2023, were fully used to repay existing debt and (ii) the redemption of perpetual securities completed on 1 February 2023. 28

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