Frasers Property Diversified Growth slide image

Frasers Property Diversified Growth

Contracts on hand underpin Australia residential portfolio future earnings Well-positioned for opportunities amid favourable long-term market dynamics • Positive sales performance with units sold higher than units released • Strong volume of contracts on hand underpinning future earnings • 761 units 1,3 released for sale in FY23 Continued active management of sales and settlements amid high interest rate and inflationary environment Continue to leverage capital partnerships for capital-effective growth Expanded capital partnership with Mitsui Fudosan with establishment of a second joint venture at the Midtown project in NSW in 4Q FY23 Strong local platform enables capturing of strategic opportunities to replenish land bank • Entered into a structured and conditional agreement on 23 October 2023 to acquire an undeveloped site at Mambourin in VIC6 Macro Drivers and Industry Trends $ Australian unemployment rate remained low and stable at 3.6% for September 2023 Reserve Bank of Australia's 3 October 20238 meeting held the cash rate at 4.1%, reflecting a consistent rate since 7 June 2023 Net overseas migration (NOM) targets have increased, with NOM forecast to reach over 400,000 in 2022- 2023 and 315,000 in 2023-2024, underpinning demand for Australian residential housing⁹ Residential Portfolio Activity in FY23 1,5174 Units settled¹ 8185 Units sold 1,2 S$0.7 b Unrecognised revenue 1,2 1,292 contracts on hand 1,2 as at 30 Sep 2023 Baldivis Parks, WA, Australia NB: All references to units include apartments, houses and land lots. 1. Includes subsidiaries at gross (100%) and equity-accounted JVs and associates, and JOs at their effective share. 2. Includes options signed. 3. Gross - 928 units.. 4. Gross 1,839 units. 5. Gross - 1,026 units. 6. Undeveloped land parcels known as Lots 3 and 4 at 440 Black Forest Road and 323 Greens Road, Mambourin Victoria, within the Windermere estate. abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/latest-release. 8. rba.gov.au/media-releases/2023/mr-23-25.html. 9. budget.gov.au/content/bp1/download/bp1_2023-24.pdf. 7. We are Frasers Property 39
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