Frasers Property Diversified Growth

Improved PBIT across majority of business segments Business Segment FY23 Singapore FY22 Change Remarks S$550.3 m S$536.4 m ▲ 2.6% Higher selling prices achieved for Rivière and maiden contributions from NEX Australia S$75.5 m S$80.8 m ▼ 6.6% Industrial S$352.5 m S$460.4 m ▼ 23.4% Hospitality S$129.0 m S$100.9 m ▲ 27.8% Thailand & Vietnam S$210.5 m S$100.2 m ▲ 110.1% Others1 S$72.8 m S$53.2 m ▲ 36.8% Corporate and others (S$77.4 m) TOTAL S$1,313.2 m (S$82.7 m) S$1,249.2 m ▼ 6.4% 5.1% Lower occupancies in commercial properties with the planned redevelopment of Central Place Sydney Lower contributions on the divestment of Cross Street Exchange in March 2022 and share of FV losses from the investment properties held through a JV Higher occupancies and higher room rates on portfolio basis Share of net FV gains from the investment properties held through JVs and associates, partially offset by lower operating PBIT due to absence of settlements of residential units for Q2 Thao Dien, Vietnam, and lower margins of residential settlements in Thailand Higher contributions from China due to sale of carpark units in Baitang One in Suzhou and higher contributions from the UK due to lower provision for cladding costs² on development projects Mainly due to lower share of losses from joint ventures and associates 1. Consists of China and the UK. 2. Provision for the cladding costs pursuant to The Building Safety Act coming into force in April 2022. We are Frasers Property 26

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