Investor Presentaiton

Property: Q4 2022/23 Cumulative sales update as at 31 March 2023: Q4 Earnings Update: John Keells Group Number of units sold Number of remaining units Cinnamon Life: (Rs. mn) Q4 2022/23 Q4 2021/22 The Residence at Cinnamon Life The Suites at Cinnamon Life Total TRI-ZEN 151 115 266 655 80 81 Recurring EBITDA 466 5,356 161 236 . • TRI-ZEN: In discussion with the Contractor at "TRI-ZEN" construction costs were revisited given the escalation in costs. As the impact is allocated to the profit recognition on the project, there was an adjustment in the current year to reflect the cost impact on the sales already recognised in the previous financial years, which affected the current year profitability somewhat materially. Since this adjustment has been fully absorbed in the current financial year, going forward, the revenue recognition of “TRI-ZEN" will result in positive profit recognition over the ensuing quarters up to and including project completion. Q4 FY22 includes a substantial EBITDA recognition amounting to ~Rs.4.01 billion from the handover of the residential apartment units and commercial floors at "Cinnamon Life", compared to the absence of the corresponding recognition in 4Q FY23. The recognition of revenue of all units sold to date at "Cinnamon Life" was completed by 31 March 2022. 33

View entire presentation