Investor Presentaiton

Key Financial Highlights First half ended 31 March 2021 3.80 Singapore cents 1HFY21 DPU ▲ 9.5% y-o-y 100% Distributable income payout since IPO Key Highlights DPU for 1HFY21 at 3.80 Singapore cents is 9.5% higher than 1HFY20 FRASERS LOGISTICS & COMMERCIAL TRUST Higher revenue and adjusted net property income resulted from the Merger (1) with Frasers Commercial Trust in April 2020, the acquisitions undertaken in FY20 and strengthening of AUD:SGD and EUR:SGD. This was partially offset by the effect of the Sandstone Place Divestment and SA Portfolio Divestment (1) and S$1.2 million of rental waivers and allowance for doubtful receivables attributable to the Covid-19 pandemic The increase in finance costs was due mainly to higher borrowings due to the Merger with FCOT Gain on divestment of investment properties relates to (a) Sandstone Place Divestment which was completed on 23 November 2020; and (b) SA Portfolio Divestment which was completed on 24 March 2021. Financial Highlights (S$'000) 1HFY21 1HFY20 Change (%) Revenue 231,701 118,745 ▲ 95.1 Policy to hedge distributions on a Adjusted Net Property Income (2) 173,890 96,980 ▲ 79.3 rolling six-month basis Finance costs 23,416 13,656 ▲ 71.5 to manage forex Gain on divestment of investment properties 2,451 1,422 ▲ 72.4 volatility on income Distributable Income to Unitholders DPU (Singapore cents) 130,426 76,217 ▲ 71.1 3.80 3.47 ▲ 9.5 Note: As reported by FLCT in its 1HFY21 results announcement dated 6 May 2021. 1. Please refer to Pages 2 and 4 of FLCT's Financial Statements Announcement dated 6 May 2021 for details of the capitalised terms. 2. Adjusted Net Property Income is calculated based on the actual net property income excluding straight lining adjustments for rental income and adding lease payments of right-of-use assets. 27 27

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