Investor Presentaiton

Australia Robust performance driven by demand from all segments; events facilitate a further boost 12% of total assets, 15% of 1H 2023 gross profit: 5 serviced residences (SRS) under master leases; 7 hotels and 2 SRS under management contracts RevPAU (AUD)1 +9% 136 125 2Q 2022 2Q 2023 Management Contracts - SRs & Hotels • • • 1H 2023 revenue and gross profit was 40% and 64% higher y-o-y respectively, due to stronger performance from both serviced residences and hotels 2Q 2023 RevPAU was 9% higher y-o-y at AUD 136, exceeding 2Q 2019 pro forma RevPAU² by 5% mainly due to higher ADR Domestic travellers continued to drive the performance at CLAS' properties, with a healthy level of short-stay demand from both corporate and leisure segments; international bookings continued to return, particularly to the SRs Uplift was facilitated by sporting, entertainment and cultural events such as the F1 Grand Prix in Melbourne, and the Royal Easter Show and Vivid festival in Sydney Outlook for 3Q 2023 anticipated to be strong with demand coming from both corporate and leisure sources; large-scale events such as the FIFA Women's World Cup and AFL Grand Final are expected to provide a boost Master Leases - SRs 1H 2023 revenue and gross profit from master leases were 9% and 8% higher y-o-y respectively, mainly due to contribution from Quest Cannon Hill acquired in Nov 2022 and annual rent increase Properties continue to collect fixed rent (with annual indexation) providing stable income to the portfolio Stronger corporate demand was reflected at the properties in 2Q 2023, and operating performance is expected to remain positive in 3Q 2023 Notes: 1. 2. Pertains to the hotels and serviced residences under management contracts only The combination with A-HTRUST was completed on 31 Dec 2019 and the 2019 pro forma RevPAU includes the performance of the A-HTRUST properties CapitaLand Ascott Trust 1H 2023 Financial Results 17

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