Frasers Property Diversified Growth slide image

Frasers Property Diversified Growth

Strong I&L performance in Thailand • High occupancy level maintained from solid leasing demand Solid warehouse and factory portfolio metrics with higher Y-o-Y portfolio occupancy rate of ~87% (FY22: ~84%) • Newly completed assets and FTREIT's investment in fully-leased ~71,000 sqm TIP9 project resulted in net leasing growth of 255,234 sqm over FY23 • ~129,000 sqm of renewals and new leases in 4Q FY23 Introduced new generation of built-to-function warehouse facilities – partially pre-built warehouses with basic facilities, sustainability and technology features, that are then marketed and completed to customers' specifications, thus allowing for shorter time from customer confirmation to delivery Stable development pipeline provides visibility for further growth • Macro Drivers and Industry Trends Demand for warehouse storage spaces supported mainly by the ongoing rapid growth in the e-commerce sector4 Industrial sector poised for expansion in the next three years due to investments in the Eastern Economic Corridor on the back of diversification of supply chain amid rising geopolitical tensions4 Increasing tenant focus on green build-to-suit developments, such as smart warehouses with reduced water flow, natural ventilation, and solar rooftops5 Completed development of ~65,000 sqm NLA in FY23 • New warehouse development projects focused on build-to-suit clients, with ~51,000 sqm of NLA on track for completion in FY24 Warehouse Metrics S$2.2 b AUM1 AOR2 WALE3 Factory Metrics S$1.2 b AOR² AUM1 WALE3 30 Sep 23 88.1% 30 Jun 23 86.4% 31 Mar 23 88.5% 31 Dec 22 86.5% 30 Sep 22 87.6% 3.5 years 30 Sep 23 83.6% 3.5 years 30 Jun 23 82.3% 2.1 years 2.0 years 31 Mar 23 80.9% 1.9 years 31 Dec 22 79.4% 1.7 years 3.6 years 3.7 years 3.9 years 30 Sep 22 80.1% 1.7 years 1. Comprises property assets in Thailand in which the Group has an interest. 2. Actual occupancy as at period end; by gross rent. 3. By income, as at period end. 4. krungsri.com/en/research/industry/industry-outlook/real-estate/industrial- estate/io/io-industrial-estate-2023-2025. 5. thansettakij.com/real-estate/560933. We are Frasers Property 55
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