Frasers Property Diversified Growth

Balance sheet remains resilient Key Financials As at 30 Sep 23 As at 30 Sep 22 Change 110% Keen focus on net debt / total equity as part of active capital management 105.0% Total equity1 S$18,199.9 m S$19,378.5 m ▼ 6.1% 100% Cash and bank deposits S$2,658.9 m S$3,322.4 m ▼ 20.0% 90% Net debt S$13,802.4 m S$12,566.9 m ▲ 9.8% 80% 3 75.8% 70% Net debt / Total equity 75.8% 64.8% ▲ 11.0 pp 73.7% 64.8% 60% Net debt / Property assets² 40.4% 37.5% ▲ 2.9 pp As at 30 Sep 20 As at 30 Sep 21 As at 30 Sep 22 As at 30 Sep 23 Net asset value per share³ S$2.52 S$2.64 ▼ 4.5% 1 Divestment of stake in ARF, FCT preferential offering, FPL rights issue and FLCT private placement Net tangible assets per share³ S$2.36 S$2.47 ▼ 4.5% 2 Divestment of stake in Cross Street Exchange and Sofitel Sydney Wentworth, and enlarged equity from profits Net interest cover4 3x 4x ▼ 1x 3 Mainly due to redemption of perpetual securities and acquisition of stake in NEX 1. Includes non-controlling interests and perpetual securities. Decrease in total equity from 30 Sep 22 to 30 Sep 23 is mainly due to redemption of perpetual securities, dividends paid, foreign currency translation losses and fair value loss on cash flow hedges. 2. Property assets comprise investment properties, property, plant and equipment, investments in JVs and associates, shareholder loans to/from 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. We are Frasers Property 29 29

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