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Investor Presentaiton

Strong Financial Performance Revenues US$m MACQUARIE NOI US$m 186 191 196 196 201 202 CAGR: 6.5% 89.6% 85.0% 85.7% 86.6% 87.0% 87.5% 87.8% 88.1% 176 ΝΟΙ Margin 134 (%) 159 165 170 172 177 178 150 120 2013 2014 2015 2016 2017 2018 2019 LTM 2Q20 2013 2014 2015 2016 2017 2018 2019 LTM 2Q20 Total assets and investment properties1 CAGR: 6.2% Adjusted Funds from Operations (AFFO) US$m US$b 2.5 2.4 2.3 2.3 2.2 2.1 2.2 2.2 2.3 2.1 2.3 2.2 2.2 2.0 2.0 1.8 CAGR: 0.8% 1.9% 112.4% 99.1% 84.6% 66.0% 65.4% 66.9% 68.8% AFFO Payout Ratio 2013 2014 2015 2016 2017 Total Assets 2018 2019 Investment Properties 2Q20 19 79 97 99 103 101 86 88 83 91 77 71 69 64 65 CAGR: 4.5% 2014 2015 2016 2017 2018 2019 LTM 2Q20 AFFO Distribution -3.9% Note: Conversion for Revenues, NOI and AFFO using average exchange rates of 12.7675, 13.2983, 15.8542, 18.6567, 18.9291, 19.2380, 19.2618 and 20,4796 for 2013, 2014, 2015, 2016, 2017, 2018, 2019 and LTM 2Q20 respectively. Conversion for assets using EoP exchange rates of 13.0765, 14.7180, 17.2065, 20.6640, 19.7354, 19.6829, 18.8452 and 22.9715 for 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2Q20 respectively. Painting expenses have been reclassified from Repairs & Maintenance to Normalized Capex for 2015, 2016, 2017, 2018, 2019 and 2020. 1. Proportionally combined results shows the wholly-owned and JV assets and results on a combined basis. 29
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