FY22 Financial Highlights

• Earnings supported by improved business conditions in FY22 Higher Y-o-Y earnings excluding unrealised valuation gain on change in use from Industrial business in FY21 Prior period results boosted by higher contributions from Industrial business due to recognition of an unrealised valuation gain on the change in use of a portfolio of industrial properties, which have been transferred from properties held for sale to investment properties Excluding the impact of the unrealised valuation gain on the change in use of the industrial properties transferred, PBIT would have increased by 16.9% from S$1,069.0 million to S$1,249.2 million and attributable profit would have increased by 59.6% from S$581.6 million to S$928.3 million Improved earnings excluding unrealised valuation gain on change in use of industrial assets in FY2021 was mainly due to higher contributions from the Residential development businesses in Australia and Singapore and improved performance from the Hospitality business Financial Highlights Revenue PBIT FY21 Change FY22 S$3,877.0 m S$3,763.8 m ▲ 3.0% S$1,249.2 m S$1,424.7 m 12.3% PBIT excluding unrealised valuation gain on change in use S$1,249.2 m S$1,069.0 m ▲ 16.9% APBFE1 S$398.8 m S$399.5 m ▼ 0.2% Fair Value ("FV") Change (net) S$462.6 m S$392.6 m 17.8% Exceptional Items ("El") S$66.9 m S$41.0 m ▲ 63.2% Attributable Profit S$928.3 m S$833.1 m 11.4% Attributable Profit excluding unrealised valuation gain on change in use S$928.3 m S$581.6 m ▲ 59.6% Fraser Suites Kensington, London, UK Earnings per share ("EPS") after FV change and El² 22.2 cents 22.6 cents 1.8% 1. Attributable profit before fair value change and exceptional items. 2. Calculated by dividing attributable profit (after distributions to perpetual securities holders) over weighted average number of ordinary shares on issue. FY21 EPS excluding unrealised valuation gain on change in use was 15.3 cents. The comparative EPS has been adjusted for the bonus element arising from the Rights Issue. We are Frasers Property 20 20

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