FY22 Financial Highlights

Balance sheet remains healthy Key Financials As at 30 Sep 22 As at 30 Sep 21 Change Total equity1 S$19,378.5 m S$18,330.5 m 5.7% 120% Proactive steps to manage gearing as part of active capital management 1 Prompt reduction Cash and bank deposits S$3,322.4 m S$3,779.4 m 12.1% 110% 105.0% 2 -> 100% Net debt S$12,566.9 m S$13,503.7 m 6.9% 90% Net debt / Total equity 64.8% 73.7% 8.9 pp 80% Net debt / Property assets² 37.5% 39.7% ▼ 2.2 pp 70% 73.7% 64.8% 60% Net asset value per share³ S$2.64 S$2.44 ▲ 8.2% As at As at 30 Sep 20 Net tangible assets per share³ S$2.47 S$2.26 9.3% 1 30 Sep 21 Divestment of stake in ARF, FCT preferential offering, FPL rights issue and FLCT private placement As at 30 Sep 22 Net interest cover4 4x 4x 2 Divestment of stake in Cross Street Exchange and Sofitel Sydney Wentworth, and enlarged equity from profits 1. Includes non-controlling interests and perpetual securities. 2. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to JVs and associates, properties held for sale and assets held for sale. 3. Presented based on the number of ordinary shares on issue as at the end of the year. 4. Net interest excludes mark to market adjustments on interest rate derivatives and capitalised interest. Excluding unrealised valuation gain on change in use, net interest cover for 30 Sep 2021 would be 3x. We are Frasers Property 24

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