Frasers Property Diversified Growth

FLCT's distributable income decreased 6.9% Y-o-Y Maintained high portfolio occupancy of 96.0%¹ and WALE of 4.4 years¹ Key Highlights • • • Lower revenue and adjusted net property income in FY23 largely impacted by weaker AUD/SGD exchange rates and lower occupancies at some commercial assets Healthy average portfolio rental reversions of +7.8% (incoming rent vs. outgoing rent basis) and +18.9% (average rent vs. average rent basis) achieved for FY2023 Acquisition of a forward-funding freehold logistics development at Maastricht, at a 12.7% discount to valuation² Prudent capital management amid a volatile interest rate environment Low aggregate leverage of 30.2% as at 30 September 2023 with cost of borrowings at 2.2% Healthy average weighted debt maturity of 2.2 years Key Financials FY2023 FY2022 Change Revenue S$420.8 m S$450.2 m ▼ 6.5% Adjusted Net Property Income³ S$311.4 m S$342.1 m ▼ 9.0% Distributable income S$262.3 m S$281.8 m ▼ 6.9% DPU (Singapore cents) 7.04 7.62 ▼ 7.6% Aggregate Leverage / Gearing 30.2% 27.4% ▲ 2.8 pp (as at 30 Sep) ICR4 (as at 30 Sep) 7x 13x 6x 2-22 Efficient Drive, Truganina, Victoria, Australia Note: All portfolio metrics presented exclude the investment property under development and right-of-use assets 1. As at 30 September 2023. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of September 2023. Excludes straight lining rental adjustments and include committed leases. 2. Valued by Savills Valuation at € 16.6 million on a completed and pre let basis, assuming no real estate transfer tax is payable. 3. Adjusted NPI is calculated based on the actual NPI excluding straight lining adjustments for rental income and adding lease payments of right-of-use assets. 4. As defined in the Code on Collective Investment Schemes. Computed as trailing 12 months EBITDA (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), over trailing 12 months borrowing costs. Borrowing costs exclude interest expense on lease liabilities (effective from 28 December 2021). We are Frasers Property 45 45

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