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Investor Presentaiton

Consolidated Balance Sheet 30 Jun 2022 (US$m) Investment Properties 30 Jun 2023 31 Dec 2022 % 28,278 - Subsidiaries 27,167 28,054 -3 5,601 Joint ventures 5,667 5,722 -1 33,879 32,834 33,776 -3 Development Properties* 3,667 Subsidiaries 3,094 2,920 +6 7,155 Joint ventures 6,672 7,012 -5 (2,116) Pre-sale proceeds (1,851) (1,624) +14 8,706 7,915 8,308 -5 (2,876) Others (3,047) (2,940) +4 39,709 Gross assets (excluding cash) 37,702 39,144 -4 Financed by: 33,647 - Total equity 32,157 33,327 6,062 39,709 Net debt 5,545 5,817 -5 37,702 39,144 †† -4 -4 * Includes contract assets and cost to fulfil contracts | Appendix | 2023 Half-Year Results 54
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