Frasers Property Diversified Growth

. • • Occupancies of FPT commercial properties remained robust Resilient performance of prime assets boosted by business recovery Active early lease-renewal efforts in response to upcoming Grade A new office supply; ~86,000 sqm of office renewals and new leases in FY23 Silom Edge, a new mixed-use development in the heart of Bangkok CBD, was launched in March 2023. Office and retail occupancy were at 92% 1 and 84% 1, respectively, as at 30 September 2023 Plan to redevelop Marriott Mayfair Executive Apartment into 'super luxury' condominium project announced in August 2023 Maintained solid performance of hospitality portfolio following rebound in the tourism sector Macro Drivers and Industry Trends Selected MNCs are looking to relocate to new premium Grade A offices to improve workplace quality, retain talent and meet corporate ESG standards7 Thailand welcomed 15.3 million foreign tourist arrivals from January to July 2023, with total revenue generated of 638 million baht8 Office & Retail Metrics S$1.0 b AUM² AOR¹ 30 Sep 23 92.8% 30 Jun 23 93.1% 31 Mar 23 92.1% 31 Dec 22 WALE³ 1.7 years 1.7 years 1.6 years 91.1% 1.6 years 30 Sep 22 90.3%4 1.3 years Hospitality Metrics 5 30 Sep 23 30 Jun 23 31 Mar 23 S$0.3 b AUM² AOR 71.8% ADR6 RevPAR6 S$146.8 S$105.5 72.7% S$147.2 S$107.0 73.9% S$147.0 31 Dec 22 73.9% S$140.0 30 Sep 22 46.7% S$111.4 S$108.7 S$103.5 S$52.0 1. Committed occupancy as at period end; by gross rent. 2. Comprises property assets in which the Group has an interest. 3. By income as at period end. 4. FY22 AOR was previously calculated using average across the year. FY23 AOR has been restated. 5. Averaged over reporting period. 6. Based on exchange rates S$/THB: 0.038578 for FY23. 7. retalkasia.com/news/2023/02/23/cbre-thailand-reveals-real-estate-trends-watch-2023/1677120946. 8. bangkokpost.com/thailand/general/2623553. We are Frasers Property 56

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