Investor Presentaiton

Australia Strong performance driven by robust domestic demand, large-scale events provide further uplift Notes: 1. 2. 71 4Q 2021 13% of total assets, 18% of 2H 2022 gross profit: 5 serviced residences (SRs) under master leases; 6 hotels and 3 SRS under management contracts RevPAU (AUD)1 +134% 166 4Q 2022 Management Contracts - SRs & Hotels • 2H 2022 revenue was 121% higher y-o-y and gross profit was 413% higher y-o-y due to stronger performance from both serviced residences and hotels 4Q 2022 RevPAU was 134% higher y-o-y and 29% higher q-o-q at AUD 166, surpassing 4Q 2019 pro forma RevPAU² by 14%, mainly due to strong ADR which exceeded pre-Covid levels Demand was primarily led by an increase in domestic travel, from both leisure and corporate segments, with conferences and corporate events providing a boost More international demand was present in 4Q 2022, facilitated by large-scale sporting and entertainment events such as the 2022 ICC Men's T20 World Cup, and concerts from large international music acts 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 • Outlook for 1Q 2023 remains positive as more large-scale events and concerts, particularly in Feb-Mar, are expected to boost demand further Master Leases - SRs • 2H 2022 revenue and gross profit from master leases were 155% and 152% higher y-o-y respectively, due to absence of rent waiver previously provided to lessees, rental adjustments, and contribution from Quest Cannon Hill acquired in Nov 2022 • Properties continue to collect fixed rent (with annual indexation), providing stable income to the portfolio Investor Presentation 37

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