FY22 Financial Highlights slide image

FY22 Financial Highlights

FLCT's distributable income increased 4.3% Y-o-Y Maintained high portfolio occupancy of 96.4%¹ and WALE of 4.5 years¹ Key Highlights • • • Completed 90,000 sqm of leasing in 4Q FY22, bringing total leasing activity in FY22 to ~351,000 sqm Committed S$293 million of capital into value-accretive acquisitions and forward-funding opportunities Prudent capital management amid a volatile interest rate environment . Low aggregate leverage of 27.4% as at 30 September 2022 with cost of borrowings at 1.6% . Healthy average weighted debt maturity of 2.7 years • FY22 DPU of 7.62 Singapore cents Key Financials Revenue FY22 S$450.2 m FY21 S$469.3 m Change 4.1% Adjusted Net Property Income² S$342.1 m S$355.2 m ▼ 3.7% Distributable income S$281.8 m S$270.1 m DPU (Singapore cents) 7.62 7.68 ▲ 4.3% 0.8% Leverage / Gearing 27.4% 33.7% ▼ 6.3 pp (as at 30 Sep) Interest Coverage Ratio³ (as at 30 Sep) 13x 7x ▲ 6x E 21 Kangaroo Avenue, Eastern Creek, Sydney, Australia Note: All portfolio metrics presented exclude the Port Melbourne property and all investment properties under development. 1. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of June 2022. Excludes straight lining rental adjustments and includes committed leases. 2. 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. 3. Calculated as trailing 12 months earnings before interest and tax (excludes any fair value changes of derivatives and investment properties) divided by trailing 12 months interest expense. Interest expense includes interest expense on lease liabilities. We are Frasers Property 40 40
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