Investor Presentation FY2021

ALDAR INVESTMENT FY 2021 FINANCIAL PERFORMANCE ALDAR AED mn FY 2021 FY 2020 Recurring revenue² 3,284 3,089 Var (%) +6% Key Highlights Investment Properties Investment Properties¹ 1,690 1,643 +3% . Hospitality & Leisure 433 418 +4% Retail: FY 21 NOI +4% YoY, mainly due to strong leasing at Yas Mall and Mamsha Al Saadiyat retail . Education 536 484 +11% Occupancy of 93% (vs. 83% 2020) Principal investment² • 625 539 +16% Net operating income² 1,724 1,556 +11% +5%7 • I Investment Properties - NO I¹ 1,295 1,315 -2% • Hospitality & Leisure - EBITDA 77 34 +126% + I Education EBITDA 146 102 +42% . I Principal Investment2 - EBITDA Residential: FY 21 NOI -2% YoY, mainly due to programmatic strata unit sales and expiry of Khalidiya Village leasehold Occupancy of 93% (vs. 87% 2020), strong leasing at Bridges Commercial: FY 21 NOI -7% YoY due to reduction in revenue in Operative Villages and a one-off income recognised in 2020 Occupancy of 93% (vs. 89% 2020), strong leasing at International Towers and Aldar's flagship HQ building (increased Govt/GRE) 58 36 +62%9 NOI margin - IP1 77% 80% (4)% Occupancy³ 93% 88% +5% • Gross asset value (GAV) 4 17,465 15,912 +10% Portfolio WAULT (yrs) 3.6 3.7 (3)% • Residential bulk leases 5 57% 53% +7% . Govt./GRE comm. leases6 66% 63% +5% Others H&L: FY 21 EBITDA +126% YoY. Strong growth in Q4 driven by Formula One event and holiday season Education: FY 21 EBITDA +42% YoY driven by increase in enrolments (26,000 pupils, highest since inception) Principal Investments: FY 21 EBITDA +62% YoY8 (excluding Pivot), mainly driven by significant increase in new Provis contracts Notes: 1. Includes retail, residential, commercial 2. NOI for all segments (excluding Pivot). 3. 4. Blended trading occupancy for retail, residential and commercial segments (weighted by GLA). Gross Asset Value of completed investment properties (retail, residential and commercial) including SODIC. Excl. UAE IPUD of AED 561m and PP&E. -INVESTOR PRESENTATION FY2021. 6 7 8 9 5. 6. Residential bulk leases as a percentage of total residential units in portfolio. Govt./GRE commercial leases as a percentage of total GLA. 7. 8. +5% is like-for-like variance adjusted for costs re-classification in 2021. L-f-l excluding cooling. 9. NOI for IP and EBITDA for operating segments. 17

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