FY22 Financial Highlights slide image

FY22 Financial Highlights

Capitalising on Vietnam's economic upturn to deliver further growth Strengthening commercial and industrial capabilities Stepped up leasing efforts to drive occupancy Ramped up occupancy rate at Worc@Q2¹ serviced office tower to 71.5%, up from 21%; occupancy rate at Melinh Point remains stable at over 90% Achieved 60% occupancy rate at Binh Duong Industrial Park ("BDIP") and preleasing rate of 68% Proactively identified opportunities to enhance the properties' competitiveness Completed three purpose-driven amenities and community spaces in Worc@Q2 to enhance tenant experience and drive rental growth • Successfully re-positioned Melinh Point as a Grade A Office Building Maintained steady progress of development projects Completed handover of residential project at Q2 Thao Dien¹ Infrastructure upgrading works at BDIP are progressing well. Completed over 40,000 sqm of ready-built-factories; next phase of construction of ~100,000 sqm of factories and warehouses targeted for completion over the course of FY23 Macro Drivers and Industry Trends Y-o-Y GDP growth of 8.8% in 9M 2022, with 2022 growth forecast ranging from 6.5% to 8.5%6 Stable rent and occupancy in 9M 2022 for Grade A and Grade B offices in HCMC; more developers are considering green buildings and ESG performance6 Rental rates for ready-built-factories in the South Key Economic Region stabilised while rental rates for ready-built-warehouses increased 9% Y-0-Y6 Commercial Portfolio Metrics FY22 FY21 Change S$0.1b AUM² AOR³ 87.2% 78.6%5 ▲ 8.6 pp WALE4 1.9 years 2.0 years ▼ 5.0% Binh Duong Industrial Park (BDIP), Binh Duong Province, Vietnam 1. In Ho Chi Minh City ("HCMC"). 2. Comprises property assets in Vietnam in which the Group has an interest. 3. Committed occupancy as at 30 September; by NLA. 4. By revenue as at 30 September. 5. FY21 AOR was previously calculated using average across the year. FY21 AOR has been restated as at 30 September 2021. 6. cushmanwakefield.com/en/vietnam/insights/ho-chi-minh-city-marketbeat-q3-2022. We are Frasers Property 52 52
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