Investor Presentaiton

4Q 2023 RevPAU Performance of CLAS' Key Markets Majority of key markets continue to exceed pre-Covid levels, supported by sustained lodging demand Actual Same-store 4Q 2023 4Q 2022 % Change 4Q 2023 % of 4Q 2019 pro forma RevPAU1 Australia AUD 164 166 1% 164 113% China RMB 306 287 7% 306 86% Japan JPY 17,500 9,192 90% 17,500 139% Singapore S$ 155 158 2% 1792 105% United Kingdom GBP 167 167 1623 118% USA USD 282 252 12% 282 115% Vietnam4 VND 1,431 1,325 8% 1,5065 88% 1. 2. 3. Notes: RevPAU relates to properties under management contracts and MCMGI, excludes master leases, rental housing and student accommodation 4Q 2019 same-store pro forma RevPAU includes the A-HTRUST portfolio and excludes properties that were divested from 2019 to 2022 Only pertains to Citadines Mount Sophia Singapore, excludes Riverside Hotel Robertson Quay (currently known as The Robertson House by The Crest Collection) which was reclassified from master lease to management contract in 2021, lyf one-north Singapore which commenced operations in 2021 and Ascott Orchard Singapore which was converted to MCMGI from Dec 2022 Excluding The Cavendish London which was acquired in Nov 2023 4. RevPAU for Vietnam is stated in thousands 5. Excluding Somerset Central TD Hai Phong City which was acquired in Nov 2022 CapitaLand Ascott Trust Investor Presentation 15

View entire presentation