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Investor Presentaiton

US$ thousands m² hospitality & commercial real estate business performance highlights GEORGIA CAPITAL US$ millions Yielding portfolio growth 30 30 63.7% 18 16 16 6 14 14 12 31-Dec-16 31-Dec-17 31-Mar-18 Property Cost ■Revaluation Gross profit from operating leases Strong Performance US$ millions Yielding portfolio composition 30 30 1 18 15 15 15 14 14 31-Dec-16 31-Dec-17 31-Mar-18 Under construction Leased out Vacant Key performance metrics of yielding business 8.9% 345 323 316 9.7% 10.3% 93% 90% 87% 1Q17 4Q17 1Q18 1Q17 4Q17 1Q18 occupancy rate yield Page 35

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