Frasers Property Ltd. · SGX:TQ5
Frasers Property — H1 2024 Earnings Presentation
92 slides from Frasers Property's earnings presentation, May 10, 2024
Slide 1: Financial Results for the first half year ended 31 March 2024
H H Z FRASERS Financial Results Fa for the first half year ended 31 March 2024 10 May 2024 Rubix Connect, VIC, Australia
Slide 2: Important notice
Important notice + Statements in this presentation constitute “forward-looking statements”, including forward-looking financial information. Such forward- looking statements and financial information involve known and unknown risks, uncertainties and other factors which may cause the actual results,
Slide 3: Glossary
Glossary Frasers Property entities FCT : Frasers Centrepoint Trust FHT : Frasers Hospitality Trust FLCT : Frasers Logistics & Commercial Trust FPA: Frasers Property Australia FPHT : Frasers Property Holdings Thailand Co., Ltd FPI: Frasers Property Industrial Other acronyms ADR : Average daily rate A
Slide 4: Glossary (continued)
Glossary (continued) Additional notes on financials * Inthe tables, the arrow direction indicates the increase (up) or decrease (down) of the absolute figure. The colour indicates if the change is positive (green), negative (red) or neutral (black). Any change over 200% is indicated as N/M. + Inthe
Slide 5: Key Highlights
Key Highlights Results and Financials Business Unit Highlights Singapore Australia Industrial Hospitality Thailand & Vietnam Others Appendices
Slide 6: Frasers Property
> ERASERS PROPERTY Waterway Point, Si
Slide 7: 1H FY24 at a glance
| 1H FY24 at a glance 1H FY24 financial performance affected by non-cash fair value losses and impairment on certain UK commercial properties and higher interest costs ee ms x ii i. i Remain focused on unlocking value and increasing development exposure over the medium to long term == Strengthening
Slide 8: Financial Highlights
Financial Highlights 1.In comparison to 1H FY23. 2. In comparison to FY23. © Frasers Property Limited. All Rights Reserved. 3. Includes cash and bank deposits cla: Revenue $$1,549.2 m Vv 20.4% PBIT $$577.6 m Vv 15.7% Attributable profit S$$57.4 m Vv 74.6% ssified under assets held for sale, if any.
Slide 9: Focusing on residential developments for better risk-adjusted returns
Focusing on residential developments for better risk-adjusted returns Segments with strong domestic demand + Mixed-use community in North- West Sydney with over 3,000 apartments and townhouses + First-stage settlements in 1H FY24; 95% pre-sold prior to completion $$2.3 billion unrecognised revenue i
Slide 10: Enhancing portfolio resilience
Enhancing portfolio resilience
Slide 11: Strengthening resilience of recurring income and fee income
Strengthening resilience of recurring income and fee income streams via new property openings and AEls Deepening footprint by leveraging core capabilities, AEls to keep our properties thriving, relevant and future-ready, scalable business model and capital efficient structures while ensuring long-te
Slide 12: Disciplined and consistent focus on value creation through efficient use of capital
Disciplined and consistent focus on value creation through efficient use of capital Ongoing capital recycling through divestments = a + §$1.1 billion of asset transactions via sales to REITs and third parties Supported by strategic REITs platform + Two of the Group’s REITs - FCT and FLCT - are const
Slide 13: Decarbonisation, Renewables, Certification
DECARBONISATION RENEWABLES CERTIFICATION Achieve net-zero carbon across Install 215 MW of renewable 100% for new, and 85% of owned Scopes 1, 2 and 3 by 2050 energy capacity Drive tenant on ourand retention and Driveasset-managed tenant retentionproperties and by properties by 2030 leasing as well as
Slide 14: Leasing renewals and new leases
renewals and new leases facilities completed
Slide 15: Results and Financials
Z FRASERS Gig PROPERTY Results and Financials
Slide 16: Performance impacted by UK commercial properties impairment and fair value losses
Performance impacted by UK commercial properties impairment and fair value losses + PBIT decreased due to impairment of a commercial property in the UK, and lower residential contributions Financial Highlights 1H FY24 1H FY23 Change primarily from Singapore and Thailand + Higher interest rates adver
Slide 17: PBIT affected by lumpy contributions from residential and impairment of a commercial property in the UK
PBIT affected by lumpy contributions from residential and impairment of a commercial property in the UK Business Segment 1H FY24 1H FY23 Change Remarks + Absence of contribution from Riviére, partially offset by higher Singapore $$202.3 m $$331.6 m ¥ 39.0% contribution from Sky Eden@Bedok and higher
Slide 18: Diversified across asset classes
Diversified across asset classes of the Group’s property assets were in recurring income asset classes 87% 87% Property assets by asset class (s$ b) oe Toa 1,165 industrial & Total Retail, $$35.0 b 7.9, 23% Commercial & Business Parks, 6.6, 18% FY20 juding the Group's share of FV change and El of JV
Slide 19: Diversified across geographies
Diversified across geographies of the Group’s property assets 81% 4 f the Group’s 1H FY24 PBIT! was generated from were in developed markets of 0 ei . Singapore, Australia, EU & UK 67 % Singapore, Australia, EU & UK Property assets by geography (ss b) PBIT? by geography (s$ m) Total: ow 1,362_— 8%”)
Slide 20: Focus on active capital management to strengthen balance sheet
Focus on active capital management to strengthen balance sheet Keen focus on net debt / total equity as part of active capital management 110% — 105.0% 100% a 90% Se ‘ eae 79.6% 80% 73.3% _75B% 70% | “64.8% | l] 60% = As at As at As at As at As at 30Sep20 30Sep21 30Sep 22 30Sep23 31 Mar 24 Key Finan
Slide 21: Well-distributed debt maturities
Well-distributed debt maturities High proportion of fixed rate debt partially mitigates impact of high interest rates oo As at As at Debt maturity profile Key Financials 31 Mar 24 30 Sep 23 Change sm Fixed rate debt! 69.1% 72.4% V3.3 pp 5,000 4.505 A ‘ghted 4,500 4,061 verage weighte x debt maturity
Slide 22: Business Unit Highlights: Singapore
FRASERS PROPERTY " Business Unit Highlights Singapore
Slide 23: Singapore residential projects on track, with new pipeline secured
Singapore residential projects on track, with new pipeline secured + New residential development pipeline secured with the Macro Drivers and Industry Trends award of Lorong 1 Toa Payoh Government Land Sales (“GLS”) site! via a JV in which the Group has effective interest of Singapore housing demand
Slide 24: Resilient returns driven by proactive asset and portfolio management
Resilient returns driven by proactive asset and portfolio management of Singapore investment properties portfolio Successful capital recycling with the divestment of Frasers Property’s 24.5% stake in Macro Drivers and Industry Trends NEX to FCT on 26 March 2024 Positive outlook on Singapore prime su
Slide 25: FCT achieves healthy 1H FY24 performance
FCT achieves healthy 1H FY24 performance 1H FY24 DPU of 6.022 Singapore cents Key Highlights * Excluding Changi City Point and Tampines 1, 1H FY24 gross revenue increased 2.9% Y-o-Y to $$153.2 million and NPI rose 2.1% Y-o-Y at $$112.1 million * Retail portfolio’s committed occupancy! at 99.9%, an i
Slide 26: Singapore PBIT impacted by lower residential development contribution
Singapore PBIT impacted by lower residential development contribution Segment 1H FY24 1H FY23 Change Remarks Retail $$182.3 m $$190.3 m v42% Lower NPI of FCT mainly attributable to lower contribution by . Tampines 1 due to ongoing AEI works and divestment of Changi f . v 11.29 REIT $$132.4 m $$149.1
Slide 27: Business Unit Highlights: Australia
> ERASERS Zz Gig PROPERTY N Business Unit Highlights Australia
Slide 28: Executing strategic initiatives to support development business earnings despite headwinds
Executing strategic initiatives to support development business earnings despite headwinds + Strong residential business improvement in 1H FY24 Macro Drivers and Industry Trends 60% Y-o-Y increase in units sold with 1,679 contracts on hand as at 31 March 2024 Over 400 built-form settlements in 1H FY
Slide 29: Strong performance from retail assets and ongoing repositioning of commercial assets
Strong performance from retail assets and ongoing repositioning of commercial assets + Commercial portfolio continues to undergo asset repositioning + Ongoing leasing and repositioning of Rhodes Quarter (“RQ”) assets to enhance value proposition + Weaker office portfolio metrics reflect the strategi
Slide 30: Australia PBIT higher due to more residential development settlements
Australia PBIT higher due to more residential development settlements Segment 1H FY24 1H FY23 Change Remarks * Higher contributions from higher level of residential Development $$22.9 m S$1.8 m N/M settlements and a gain on disposal of partial development rights to a capital partner * Earnings affec
Slide 31: Industrial
mas > ERASERS PROPERTY Industrial
Slide 32: Strategic acquisitions support healthy I&L development pipeline in Australia and EU
Strategic acquisitions support healthy |&L development pipeline in Australia and EU + Completed seven development projects ~244,000 sqm across Australia and EU Australia and the Netherlands in 1H FY24 * 14assets under development + Including four development projects totalling ~114,000 sqm completed
Slide 33: Sustained level of I&L leasing activity across Australia and EU
Sustained level of |&L leasing activity across Australia and EU supported by occupier demand and quality tenants + Realised strong leasing activity of ~187,900 sqm in 1H FY24 + _~45,000 sqm of renewals and new leases in Australia + _~142,900 sqm of renewals and new leases in the EU + Maintained high
Slide 34: FLCT strengthened I&L portfolio with acquisitions and development
FLCT strengthened I&L portfolio with acquisitions and development Resilient operating performance continued to be supported by strong I&L portfolio fundamentals Key Highlights © Frasers Property Limited. All Rights Reserved. Resilient I&L operating performance with another quarter of 100% occupancy
Slide 35: Industrial PBIT improved due to new completions and share of JV FV gains
Industrial PBIT improved due to new completions and share of JV FV gains Segment 1H FY24 1H FY23 Change Remarks * Higher contribution from newly completed properties Non-REIT $$59.0 m $$36.6 m 461.2% and share of FV gains from investment properties held through a JV REIT $$137.0 m $$137.0 m > Fee in
Slide 36: Business Unit Highlights: Hospitality
Z~ ERASERS = Ka PROPERTY Business Unit Highlights Hospitality
Slide 37: Setting the foundation for enduring growth
Setting the foundation for enduring growth + Strengthening foothold in existing markets Macro Drivers and Industry Trends + Broadening presence in existing markets through strategic investments and management agreements Rising popularity of digital nomadism, accelerated by the + Signed 7 new managem
Slide 38: Hospitality portfolio metrics
Hospitality portfolio metrics! Improving EMEA operating metrics tempered by a downturn in Singapore portfolio as market returns to normalcy Asia Pacific 1HFY24 1HFY23 Change AOR 76.1% 76.6% Vv 0.5pp ADR $$226.2 $$2299 v16% RevPAR $$172.0 $$176.1 Vv 2.3% EMEA 1HFY24 1HFY23 Change AOR 74.7% 74.5% 40.2
Slide 39: FHT reports lower DPS of 1.0910 cents for 1H FY24
FHT reports lower DPS of 1.0910 cents for 1H FY24 Key Highlights Key Financials 1HFY24 1HFY23 Change Gross revenue increased 1.7% Y-o-Y in 1H FY24 due to maiden contribution from Kobe retail mall and slight improvement in Gross Revenue $$63.3 $$62.2 A1.7% hospitality ) * 1.3% decrease in NPI occurre
Slide 40: Hospitality segment results
Segment 1H FY24 1H FY23 Change Remarks Lower contributions, mainly due to weaker performance in Singapore following the end of Non-REIT $$24.8 m $$34.2 m government quarantine contracts and softening of long-stay travel and relocation demand REIT $$29.8 m $$29.8 m - Fee income S$1.7m $$2.6 m Corpora
Slide 41: Thailand and Vietnam
7 FRASERS PROPERTY Thailand and Vietnam
Slide 42: Recurring income cushioned subdued residential performance
Recurring income cushioned subdued residential performance FPT business developments and financial performance + Recurring income from the commercial and industrial businesses remained a stable pillar for FPT. The decline in overall revenue was mainly due to the softer performance of the residential
Slide 43: Navigating residential business through macro challenges and competition
Navigating residential business through macro challenges and competition + Emphasis on inventory control and strategic diversification across housing segments as part of risk management amid a challenging business climate Macro Drivers and Industry Trends Wil BOT gradually raised policy rate in FY23
Slide 44: Thailand commercial portfolio occupancy remained healthy
Thailand commercial portfolio occupancy remained healthy + Active property management of retail assets to drive foot traffic and support Macro Drivers and Industry Trends occupancies Modern office spaces, improved facilities, and green components continue to attract tenants and may boost rental rate
Slide 45: Strong I&L portfolio metrics in Thailand supported by high leasing demand
Strong I&L portfolio metrics in Thailand supported by high leasing demand + Strong warehouse and factory portfolio metrics with average occupancy rate of ~86% and net leasing growth of 34,155 sqm in 1H FY24 * Strong leasing activities on the back of ‘China Plus One’ trend coupled with the continuous
Slide 46: Delivering products that address market demand in Vietnam
Delivering products that address market demand in Vietnam Industrial development progressing well, addressing market demand First ~35,000 sqm of ready-built international grade I&L facilities in northern Vietnam 49.3% preleased; construction completed in April 2024 + Construction groundbreaking at e
Slide 47: Thailand & Vietnam PBIT affected by lower level of residential settlements
Thailand & Vietnam PBIT affected by lower level of residential settlements in Thailand Segment 1H FY24 1H FY23 Change Remarks + Lower level of settlement of residential units in Thailand, Thailand & Vietnam S$61.9 m $$81.5 m Vv 24.0% partially offset by better performance from commercial business in
Slide 48: Business Unit Highlights: Others
> ERASERS Zz Gig PROPERTY N Business Unit Highlights Others Winner: Reading,.UK
Slide 49: Resilient sales and on-schedule construction underpin future earnings from China residential portfolio
Resilient sales and on-schedule construction underpin future earnings from China residential portfolio Selectively replenished residential portfolio with investments in Shanghai, Macro Drivers and Industry Trends acore Tier 1 city Added 1,611 residential units to the portfolio via JVs in 1H FY24 Chi
Slide 50: Focus on leasing activity and development amid weak market sentiments in the UK
Focus on leasing activity and development amid weak market sentiments in the UK + Proactive asset management to mitigate pressure on valuation due to the high Macro Drivers and Industry Trends interest rate environment and softer post-pandemic office leasing demand trends in the UK Bank of England h
Slide 51: Others segment results: China and UK
Segment 1H FY24 1H FY23 Change Remarks Settlement of residential units in Club Tree in China $$115.1 m $$34.7 m N/M Shanghai, Baitang One in Suzhou and Galaxy Nanmen in Shanghai, following project completions Significant impairment of a commercial property UK (S$44.9 m) $$11.7 m N/M Excluding the im
Slide 52: Appendix
Za GT ERS ERS Appendix |
Slide 53: Segments
• • Singapore Australia Thailand & Vietnam Others1 Industrial Hospitality Commercial & Business Parks Residential Segments Industrial & Hospitality Logistics Retail Industrial & Logistics REITs
Slide 54: We are Frasers Property
Leverage the Group’s value creation capabilities; Through active asset management; capital efficient focus on selected asset classes and geographies structures We are Frasers Property 54
Slide 55: Pre-sold revenue
Pre-sold revenue S$ b We are Frasers Property 55
Slide 56: Diversified across asset classes and geographies
Diversified across asset classes and geographies 87% of the Group’s property assets were in recurring income asset classes 66% of the Group’s property assets were outside of 1. Including Vietnam, Mala © Frase Singapore Property Limited. All Rights Ri Property assets by asset class (s$ b) Residential
Slide 57: Total Total S$12.0 b
Total Total S$9.9 b S$12.0 b Total Total S$6.7 b S$4.4 b
Slide 58: Active capital management to optimise capital productivity
Active capital management to optimise capital productivity Capital recycling via the Group’s REITs, capital partnerships, and sales to third parties FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23. 1H FY24 S$$9.0 b . Recycling via recycled via the Group's $$808m $$447m S$1,700m S$240m S$1,003 m $$
Slide 59: Frasers Property Singapore
Frasers Property Singapore Business Unit Overview * One of the leading real estate players that owns, manages and develops retail, commercial and large-scale, mixed-use developments in Singapore, with well-established REITs that facilitate efficient capital recycling + A leading residential property
Slide 60: Frasers Property Singapore: REIT - FCT
Frasers Property Singapore REIT - FCT + 39.4% stake in FCT, which owns a retail portfolio of nine suburban malls . Portfolio P Assets under Country roperties cai 1H FY24 NPI S$7.1 b enacerients + Causeway Point * Century Square 9 Well-located suburban * Hougang Mall l— $$5,244.8m $$124.6 m retail pr
Slide 61: Frasers Property Australia
Frasers Property Australia Business Unit Overview + Diverse portfolio leveraging development capability across multiple asset classes mbccornevenls + »~15,000 pipeline residential development units! Coro + Actively developing projects across four key capital cities, with new projects INateteetcl bei
Slide 62: Frasers Property Industrial
Frasers Property Industrial Business Unit Overview + Multi-national expertise in the industrial property sector + Capabilities in development management, asset management and investment UK management *7REIT ice e Germany + Network positioned to support customers’ businesses across geographies prclve
Slide 63: Frasers Property Industrial: REIT - FLCT
Frasers Property Industrial REIT - FLCT * 22.7% stake in logistics & commercial trust with 112 quality properties * FLCT is a constituent of the STI (Straits Times Index) S$6.8 b + FLCT is a constituent of the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) 1H FY24 112 Port
Slide 64: Frasers Hospitality
Frasers Hospitality Business Unit Overview + Well-established hospitality brands with quality assets in prime locations Breakdown of total units by geography + Strong and established international footprint Total . + + . . . otal: * Scalable operations in 21 countries with 109! operational propertie
Slide 65: Frasers Hospitality: Stapled Trust - FHT
Frasers Hospitality Stapled Trust - FHT * 25.7% stake in global hotel and serviced residence trust; 15 quality assets 9 Scans eis way citi Country Properties Portfolio value+? 1H FY24 NPI Singapore T hotel $$815.2m 27% 3,477 KGS 1 serviced residence (43%) . * 2 hotels $$435.6m Australia * 1 serviced
Slide 66: Frasers Property Thailand
Frasers Property Thailand Business Unit Overview Chiang Chiang aan Ral $$3.4 b_ | Warehouse & creas Nelo 979 assets | Factory AUM hee Pe $$1.0 b | Office & Retail SJ Sassets | AUM Khon Kean co bad $$0.3 b_ | Hospitality Nakhon Retehasins 921 keys AU M Bangkok aie $$2.2 b | eit aum 2 REITs $$0.04 b U
Slide 67: Frasers Property Vietnam
Frasers Property Vietnam Business Unit Overview * Building an integrated platform with a sustainable portfolio * Commercial: office NLA of ~22,500 sqm * Industrial: total land area of ~129.4 ha, total NLA of ~680,000 sqm® * Completed NLA ~40,000 sqm, NLA under development ~400,000 sqm, NLA in land b
Slide 68: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 69: Frasers Property UK
Frasers Property UK Business Unit Overview + One of the largest business parks owners and/or managers in the UK $$1.6 b | Business park + Seven business park assets with a portfolio NLA of ~525,000 sqm let to 409 tenants 7 assets AUM + Five located west of London along the M3 and M4 corridors, inclu
Slide 70: Frasers Property
FRASERS PROPERTY 2 FT Ix } o = o [ok | 2. a §
Slide 71: Frasers Property Singapore: Residential - Notes on profit recognition
Frasers Property Singapore Residential - Notes on profit recognition Estimated 4 Effective share Total % of Target Project (%) no. of units units sold? % completed total saleable area completion date (000 sqm) TOP attained on Paro Greenwich (EC) 80 496 29.6 88.1 50 9 May 2024 Sky Eden@Bedok 100 1888
Slide 72: Frasers Property Singapore: Residential - Land bank
Frasers Property Singapore Residential - Land bank i Estimated Site Effective share Estimated total no. of units total saleable area (000 sqm) Lorong 1 Toa Payoh Site 25 777 64 © Frasers Property Limited. All Rights R
Slide 73: Frasers Property Australia: Residential / Mixed Use - Notes on profit recognition
Frasers Property Australia Residential / Mixed Use - Notes on profit recognition ‘ Estimated total Erolacts aaa share ante unite gold “1000 scan) completion date Burwood East (Burwood Brickworks) - MD/L, VIC 100 259 100.0 n/a Completed East Perth (Queens Riverside, Lily Retail) - R, WA 100 5 80.0 0.
Slide 74: Frasers Property Australia: Residential / Mixed Use - Notes on profit recognition
Frasers Property Australia Residential / Mixed Use - Notes on profit recognition Estimated total Project! Effects share rani wnloold “1000 scan) complotion date Shell Cove (The Waterfront, Shell Cove, Vela Apt) - HD, NSW 100 57 31.6 6.3 3Q FY26 Tarneit (The Grove) - L, VIC 50 1778 76.3 n/a 3Q FY26 B
Slide 75: Frasers Property Australia: Residential - Land bank
Frasers Property Australia Residential - Land bank Estimated total saleable Project! Effective share Estimated jotal Oe New Beith -L, QLD 100 2153 933.5 Windermere (Mambourin Green) - L, VIC? 100 1917 65.2 Macquarie Park (Midtown) - HD, NSW PDA 1646 131.7 Yarraville (Bradmill Yarraville) - HD/R, VIC
Slide 76: Frasers Property Australia: Retail - Land bank
Frasers Property Australia Retail - Land bank Site Effective share (%) Estimated total saleable area (000 sqm) Wyndham Vale (Mambourin, Stage 1), VIC 100 7.2
Slide 77: Frasers Property Australia: Build-to-Rent - Notes on profit recognition
Frasers Property Australia Build-to-Rent - Notes on profit recognition 5 Effective share Total no. Target 1 Broleck (%) of units completion date Fortitude Valley (Brunswick & Co.) - HD, QLD 100 366 2Q FY25 1.L -Land, H/MD - Housing High density, R d use retai oF roperty Limited. All Rights
Slide 78: Frasers Property Industrial: Notes on profit recognition
Frasers Property Industrial Notes on profit recognition Australia - Development for internal pipeline Effective share (%) _ Total area (‘000 sqm) % to go Target completion date The YARDS, Kemps Creek West, (Prelease2), NSW 49.9 29.2 3 3Q FY24 Rubix Connect, Dandenong South (Prelease”), VIC 100 25 95
Slide 79: Frasers Property Industrial: Land bank (Australia)
Frasers Property Industrial Land bank Australia - Industrial Estimated total saleable Effective share (%) Type area (000 sqm) Cranbourne West, VIC 50 Industrial 500.0 Craigieburn, VIC 100 Industrial 271.3 Cobblebank, VIC 100 Industrial 200.6 Dandenong South, VIC 100 Industrial 72.7 Epping, VIC 100 I
Slide 80: Frasers Property Industrial: Land bank (EU)
Frasers Property Industrial Land bank s, ‘ Estimated total saleable EU - Industrial Effective share (%) Type area (‘000 sqm) Bemmel (Stage 2), the Netherlands 100 Industrial 53.0 Gunzburg Germany? 94.9 Industrial 97.0 Gaggenau, Germany! 100 Industrial 78.8 Landsberg, Germany 100 Industrial 50.6 Mulh
Slide 81: Frasers Property Thailand: Residential - Notes on profit recognition
Frasers Property Thailand Residential - Notes on profit recognition Project Effective share (%) Total no. of units % of units sold Estimated total saleable area Target completion date (000 sqm) Golden Town 3 Bangna-Suanluang 59.4 379 100.0 279 Completed Golden Town Srinakarin-Sukhumvit 59.4 405 100.
Slide 82: Frasers Property Thailand: Residential - Notes on profit recognition
Frasers Property Thailand Residential - Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (000 sqm) Golden City Chaengwattana-Muang Thong 59.4 167 84.4 141 4Q FY24 Golden Neo 2 Ramintra-Wongwaen 59.4 167 80
Slide 83: Frasers Property Thailand: Residential - Notes on profit recognition
Frasers Property Thailand Residential - Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date {000 sam) Golden Neo 3 Rama 2 59.4 212 65.6 33.0 1Q FY26 Golden Neo Ngamwongwan-Prachachuen 59.4 91 49.5 146 1Q FY26
Slide 84: Frasers Property Thailand: Residential - Notes on profit recognition
Frasers Property Thailand Residential - Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date {000 sam) Alpina Rama 2 59.4 72 56 32.4 1Q FY27 Golden Town 2 Sathorn 59.4 90 15.6 79 2Q FY27 Golden Town Vibhavadi-
Slide 85: Frasers Property Thailand: Residential - Notes on profit recognition
Frasers Property Thailand Residential - Notes on profit recognition Estimated total Target completion Project Effective share (%) Total no. of units % of units sold saleable area date (000 sqm) Golden Neo Siriraj-Ratchapruek 59.4 186 33.9 37.4 2Q FY29 Golden Town 2 Ramintra-Wongwaen 59.4 289 30.8 20
Slide 86: Frasers Property Thailand: Residential - Land bank
Frasers Property Thailand Residential - Land bank Site Effective share (%) Estimated total no. of units Estimated total saleable area (‘000 sqm) Bangna 59.4 1 5.2 Chiangrai 59.4 371 70.1 Condo 59.4 374 10.3 Ladphrao-Kasetnawamin 59.4 89 26.4 NH-FTRS 59.4 145 31.8 Rama 2 59.4 844 88.7 Ramintra 59.4 1
Slide 87: Frasers Property Thailand: Industrial & Logistics - Notes on profit recognition
Frasers Property Thailand Industrial & Logistics - Notes on profit recognition Development for internal pipeline Effective share (%) Total area (000 sqm) Target completion date Bangkok Logistics Park, Puchaosamingprai Samutprakarn 44.7 22 4Q FY24 Bangpakong Logistics park, Bangna 2, Chachoengsao 30.
Slide 88: Frasers Property Thailand: Industrial & Logistics - Land bank
Frasers Property Thailand Industrial & Logistics - Land bank Site Effective share (%) Type Total land area (‘000 sqm) Northern Bangkok 59.6 Industrial 192 Central Region 59.6 Industrial 80 Eastern Region 59.6 Industrial 126 Outer Region 59.6 Industrial 721 Northern Bangkok 59.6 Logistics 697 Central
Slide 89: Frasers Property China: Notes on profit recognition
Slide 90: Frasers Property China: Land bank
Slide 91: Frasers Property UK
• Frasers Property UK
Slide 92: Inspiring experiences, creating places for good.