Investor Presentaiton

Performance and Portfolio Highlights Building a stronger portfolio, creating value for Stapled Securityholders Continued improvement in distributions Distribution per Stapled Security (DPS) (cents) 000 000 000 Active portfolio reconstitution and asset management Invested in S$530.8 mil of lodging assets in FY 2023, delivering EBITDA yield of 6.2% $ Robust financial and liquidity position Healthy financial position offers resilience against macro uncertainties +16% 6.57 cents 5.67 4.32 3.03 The Cavendish London Temple Bar Hotel Ascott Kuningan Jakarta FY 2020 FY 2021 FY 2022 FY 2023 ✓ DPS increased 16% y-o-y in FY 2023 • • Excluding one-off items¹, adjusted DPS increased 14% y-o-y Revenue per Available Unit (RevPAU) rose 23% y-o-y in FY 2023 to pre-Covid levels Divesting S$408.1 mil of mature assets² at premium to book and average exit yield of 3.8%³ Completed development of Standard at Columbia Pipeline of 8 asset enhancement initiatives to uplift properties and create additional tailwind beyond the travel recovery • Healthy gearing of 37.9% . Low average cost of debt of 2.4% p.a. • 81% of total debt on fixed rates Robust interest cover of 4.0X c.2% increase in portfolio valuation as strong operating performance and outlook outweigh cap rate expansion Note: 1. 2. 3. Excluding one-off items comprising realised exchange gain in FY 2022 and FY 2023 Refers to the divestments of 10 properties which were entered into in FY 2023 and 1Q 2024 The exit yield of the France and Australia properties is computed based on FY 2022 Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA). The exit yield of the Singapore property is computed based on FY 2023 EBITDA. The exit yield of the Japan portfolio is not meaningful and has not been included in the average exit yield computation as the properties were largely closed in 2022. If included, the average exit yield will be about 2.8% CapitaLand Ascott Trust Investor Presentation 7

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