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Investor Presentaiton

Marrying Growth with Resilience Proxy to recovery of hospitality sector, underpinned by stable income base and strong fundamentals Continued recovery expected for the sector 2022 63% 2023 Forecast 80%-95% of pre-pandemic levels of pre-pandemic levels • . Positioned to benefit from recovery while staying resilient Cautiously optimistic of the continued recovery in the hospitality industry CLAS is well-positioned to capture opportunities with its geographically diversified portfolio, range of lodging asset classes and balanced mix of stable and growth income streams Note: 1. World Tourism Barometer, World Tourism Organization, Jan 2023 CapitaLand Ascott Trust • Despite macroeconomic and geopolitical challenges, UNWTO¹ expects international arrivals to reach 80% to 95% of pre-pandemic levels in 2023 • Supported by pent-up demand, particularly in Asia Pacific, and China's reopening Europe, which recovered nearly 80% of pre-pandemic levels in 2022, is expected to reach or exceed pre-pandemic levels in 2023 • • . Exercising prudence, delivering sustainable returns Amid the macroeconomic uncertainties, CLAS will continue to exercise financial discipline in its investment and portfolio reconstitution plans CLAS will undertake asset enhancement initiatives to uplift the value and profitability of its properties Healthy financial position and prudent capital management enable CLAS to manage rising interest rates and foreign exchange volatility Investor Presentation 33
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