Investor Presentaiton

Singapore Sustained strong performance underpinned by demand across all segments 97 18% of total assets, 10% of 1H 2023 gross profit: 2 SRs and 1 hotel under management contracts; 1 SR under management contract with minimum guaranteed income (MCMGI); 1 SR under development RevPAU (SGD)1 +14% 111 2Q 2022 2Q 2023 Management Contracts - SRs & Hotel 1H 2023 revenue and gross profit grew 63% and 106% y-o-y respectively, due to stronger performance 2Q 2023 RevPAU was 14% higher y-o-y at S$111; on a same-store basis, 2Q 2023 RevPAU for Citadines Mount Sophia Singapore (CMSS) was 27% higher than 2Q 2019 same-store RevPAU², due to strong occupancy and ADR Corporate demand remained strong, and the properties' performance was boosted by several MICE events as well as increasing leisure demand Outlook for 3Q 2023 remains positive going into the corporate relocation season, with further uplift expected from conferences and city-wide events such as the Singapore Grand Prix in Sep 2023 • • RHRQ has been undergoing renovation since Mar 2023 and will be rebranded to The Robertson House, under The Ascott Limited's The Crest Collection brand MCMGI-SR 1H 2023 revenue and gross profit for Ascott Orchard Singapore (AOS) were 71% and 2% higher y-o-y³ respectively due to stronger performance In 2Q 2023, AOS' RevPAU was 133% of pre-Covid levels AOS is seeing increasing demand from the leisure, short stay and international segments including Chinese guests; corporate and relocation demand continues to be the mainstay Notes: 1. 2. 3. Pertains to the hotels and serviced residences under management contracts only; excludes AOS which was under a master lease arrangement previously, and converted to MCMGI from Dec 2022 onwards Excluding Somerset Liang Court Singapore which was divested in Jul 2020 The master lease for AOS was converted to MCMGI from Dec 2022. For comparison purposes, the revenue and gross profit amounts for 1H 2022 were reclassified from master lease to MCMGI CapitaLand Ascott Trust 1H 2023 Financial Results 21

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