Frasers Property Diversified Growth

Improving FPT performance amid challenging macroeconomic conditions • FPT business developments and financial performance • FPT's core business continues to maintain resilience while profitability bounced back due to the growth in profit contribution from JVs and associates • . Residential sales declined 4% Y-o-Y, mainly due to the subdued economic conditions. Efforts to enhance cost efficiencies, such as modification of housing designs and functions, are progress to support profit margins Robust leasing activities resulted in strong occupancy rates for the industrial and office portfolios of ~87% and -93%, respectively. FPT has implemented an early renewal strategy to defend against upcoming additional supply in the office sector Revenue from the hospitality business increased significantly by 72% Y-o-Y on the back of rebounding tourism after COVID-19 restrictions were eased Total assets of S$4.3 billion¹ as at 30 September 2023 Financial Highlights¹ FY23 FY22 Change Gross Revenue S$579.1 m S$589.7 m 1.8% PBIT S$172.4 m S$156.4 m 10.2% Cash and bank deposits S$40.3 m S$41.0 m ▼ 1.7% Net debt/total equity 81.8% 90.7% 8.9 pp Net interest cover 5x 5x 1. Based on SFRS(I). We are Frasers Property Frasers Property Logistics Center (Bangplee 7), Samutprakarn, Thailand 53 53

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