Investor Presentaiton

Capital Management Strong financial capacity and healthy liquidity position ($ Strong capital Robust financing flexibility management S$1.151 NAV per Stapled Security 53% Total assets in foreign currency hedged 0.5% (loss) Impact of foreign exchange after hedges on gross profit for 1H 2023 38.6% Gearing (c. S$1.8 bil debt headroom²) 2.3%4 per annum Low effective borrowing cost BBB (Stable Outlook) Fitch Ratings Interest cover 3 4.3X 61% of property value unencumbered (upgraded from BBB- in May 2023) St $ Fortifying liquidity reserves c.S$1.11 bil Total available funds c.S$414 mil Cash on-hand + c.S$700 mil Available credit facilities5 Notes: Above as at/for period ended 30 Jun 2023 1. 2. 3. 1234 The adjusted NAV per Stapled Security excluding distribution is S$1.12 Refers to the amount of additional debt before reaching aggregate leverage of 50%; based on an aggregate leverage limit of 45%, the debt headroom is c.S$0.9 bil Computed based on trailing 12 months from Jul 2022 to Jun 2023 4. Effective borrowing cost, including capitalised interest, is 2.4% per annum 5. Balances as at 30 Jun 2023; includes committed credit facilities amounting to approximately S$267 mil CapitaLand Ascott Trust 1H 2023 Financial Results 32

View entire presentation