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Investor Presentaiton

一期一会| ICHIGO January 2021 Results ✓ January 2021 Highlights ✓ January 2021 Earnings Breakdown ✓ Ongoing Covid Impact ✓ Nationwide Covid Impact ✓ Monthly Operational Results Under Year of Covid ✓ Covid Impact on Hotel Demand ✓ Covid Response ✓ Sponsor Support Amid the Covid Pandemic ✓ Hotel Industry Support: Shareholder Hotel Discount Program ✓ Ichigo J.League Shareholder Program Sustainability as a Key Management Priority ✓ Sustainability Initiatives. ✓ Operator Change to Generate Higher Earnings ✓ Achieving Organic Rent Growth at Contract Renewals July 2021 and January 2022 Forecasts ✓ Market Environment & Forecast Assumptions ✓ Revision of July 2021 Fiscal Period Forecast (Announced in Sep 2020) ✓ July 2021 Forecast ✓ January 2022 Forecast Ichigo's Commitment to ESG ✓ Ichigo Sustainability Policy ✓ Ichigo ESG - Environmental ✓ Ichigo ESG - Social ✓ Ichigo ESG - Governance Appendices ✓ Portfolio Details ✓ Loan Details & Shareholder Composition ✓ Growth Roadmap, Sponsor, Shareholder Alignment O Ichigo Investment Advisors Co., Ltd. Ichigo Hotel REIT Investment Corporation All rights reserved. CO 6
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