Operational Statistics Presentation

Section 2: FY 2020 Results Highlights Three Assets Behind -80% of the Group's 2H 2020 Impairments Remaining portfolio remains resilient CapitaLand Location Of S$861 million of impairments recorded, the top three are: Asset Lai Fung China Australia Mixed-use site in Xinpaifang CBD, Chongqing, China Goodwill of Quest Total Impairments for the Three Assets (S$'M) S$688 • . • Lai Fung 20% stake in Lai Fung acquired in 2006, has generated stable income over the years, although its share price remained below book value. The Group assessed that the originally synergistic partnership with Lai Fung may not be as relevant today due to Lai Fung's transition towards a more rental-led strategy and its expansion into MICE- related assets, especially in non-core Henqin, China. The Group is exploring options regarding this investment and has reclassified it as an asset held for sale based on the quoted share price at year end. Mixed-use site in Xinpaifang CBD • . The impairment assessment considers the gap between prevailing market prices of commercial strata and residential units in the area against the expected PDE. One of the major reasons why the PDE has increased is due to the interest incurred to the M&A loan taken, and for the new residential phase, due to design changes and other costs brought on by new planning requirements. • Goodwill of Quest The business model for Quest entails signing long term leases and sourcing for franchisees to take over the leases and operate under the Quest brand. The disruption of Quest's traditional sale of business income and recurring franchise fees due to COVID-19 have impacted cashflow and resulted in impairment. 13

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