Capitaland Ascott Trust · SGX:HMN
Capitaland Ascott Trust — Shareholder Meeting (April 2026)
29 slides from Capitaland Ascott Trust's shareholder meeting presentation, Apr 23, 2026
Slide 1: 2026 Annual General Meeting
2026 Annual General Meeting 23 April 2026, 2:00pm 1
Slide 2: Important Notice
CapitaLand Ascott Trust Important Notice This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward- looking statements as a result of a number of risks, uncertainties and assumptions. Representative
Slide 3: Table of Contents
CapitaLand Ascott Trust Table of Contents 1 FY 2025 Review 2 Portfolio Updates 3 Capital & Risk Management 4 Looking Ahead 5 Appendix 6 7
Slide 4: FY 2025 Review
1. FY 2025 Review
Slide 5: Largest Lodging Trust in Asia Pacific
FY 2025 Review CapitaLand Ascott Trust Largest Lodging Trust in Asia Pacific Proxy to the travel and living sectors China S$8.9b The United Kingdom 4 properties 5 properties Total Assets Ireland South Korea Belgium 1 property 2 properties The United States of America 2 properties >18,0001 11 propert
Slide 6: CapitaLand Ascott Trust's Positioning
FY 2025 Review CapitaLand Ascott Trust CapitaLand Ascott Trust’s Positioning Diversified and well-balanced portfolio to deliver sustainable returns Geographical Allocation Target Asset Allocation Predominantly in Asia Pacific Global in Living sector 25-30% in rental housing and Remainder in Europe/U
Slide 7: Strengthening Our Portfolio for Sustainable Returns
FY 2025 Review CapitaLand Ascott Trust Strengthening Our Portfolio for Sustainable Returns Delivering stable distributions, executing strategies for long-term growth Stronger operating performance, Enhancing the portfolio and Robust financial and delivering stable distributions creating further capa
Slide 8: Resilient Performance in Key Markets Amid Portfolio Reconstitution
FY 2025 Review CapitaLand Ascott Trust Resilient Performance in Key Markets Amid Portfolio Reconstitution FY 2025 Portfolio RevPAU up 3% on higher occupancy of 80% (FY 2024: 77%) FY 2025 Y-o-Y % Change in RevPAU RevPAU Actual Same-store Australia1 AUD 172 12% 19% Japan2 JPY 13,463 (26%) 14% Singapor
Slide 9: Portfolio Updates
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Slide 10: Proactive Investment & Portfolio Reconstitution
Portfolio Updates CapitaLand Ascott Trust Proactive Investment & Portfolio Reconstitution Building a stronger portfolio, enhancing the quality and performance of CLAS’ properties Divestments Accretive Investments Asset Enhancement to unlock value in quality properties to uplift performance and valua
Slide 11: Divestment of Somerset Olympic Tower Tianjin in Apr 2025
Portfolio Updates CapitaLand Ascott Trust Divestment of Somerset Olympic Tower Tianjin in Apr 2025 In line with CLAS’ strategy to focus on and strengthen its presence in key markets RMB420 mil 2.2% c.50% (S$77.4 mil) Exit EBITDA Yield1 Premium to Book Value Divestment Consideration1 of the Property
Slide 12: Divestment of Citadines Central Shinjuku Tokyo in Oct 2025
Portfolio Updates CapitaLand Ascott Trust Divestment of Citadines Central Shinjuku Tokyo in Oct 2025 Divestment of a mature property requiring significant capital expenditure at an attractive premium JPY25.0 bil 3.2% c.100% 40.4% JPY5.7 bil (S$222.7 mil) Exit EBITDA Yield2 Premium to Book Value Prem
Slide 13: Acquisition of Hotels in Tokyo and Kanazawa, Japan
Portfolio Updates CapitaLand Ascott Trust Acquisition of 2 Hotels in Tokyo and Kanazawa, Japan Redeploying divestment proceeds at higher yields, fully replacing income of 4 divested properties Acquisition of ibis Styles Tokyo Ginza and Divestment of WBF hotels and Infini Garden Chisun Budget Kanazaw
Slide 14: Acquisition of Rental Housing Properties in Japan
Portfolio Updates CapitaLand Ascott Trust Acquisition of 3 Rental Housing Properties in Japan Strengthening CLAS’ presence in key markets and expanding the living portfolio Divestment of Citadines Karasuma-Gojo Kyoto Acquisition of 3 rental housing properties in Aug 2025 0.3% Exit Yield based on FY
Slide 15: Acquisition of Japan Rental Housing Properties in Feb 2026
Portfolio Updates CapitaLand Ascott Trust Acquisition of 3 Japan Rental Housing Properties in Feb 2026 Further strengthening CLAS’ stable income stream for resilience Accretive acquisition of rental housing in Southern Kanagawa, Greater Tokyo • 4.1% blended net operating income (NOI) entry yield and
Slide 16: Asset Enhancement & Development Initiatives
Portfolio Updates CapitaLand Ascott Trust Asset Enhancement & Development Initiatives Uplifting the value and profitability of properties in prime locations of key gateway cities Asset Enhancement Initiatives Development • CLAS completed 2 projects in 2025 and has planned several AEIs in 2026 Comple
Slide 17: Sustainability Highlights
Portfolio Updates CapitaLand Ascott Trust Sustainability Highlights In alignment with CapitaLand Investment’s 2030 Sustainability Master Plan (SMP) Sustainability ratings & accolades Performance & reporting • Global Sustainability Yearbook • c.70% of CLAS’ gross floor area green certified as at Dec
Slide 18: Capital & Risk Management
3. Capital & Risk Management
Slide 19: Capital Management
Capital & Risk Management CapitaLand Ascott Trust Capital Management CLAS’ discipline and prudence positions it well to weather global uncertainties Strong financial and liquidity position S$1.17 c.S$1.65 bil Sensitivity analysis on interest cover NAV per Stapled Security 37.7% Total available funds
Slide 20: Capital Management
Capital & Risk Management CapitaLand Ascott Trust Capital Management Well-staggered debt maturity profile and diversified funding sources 74% : 26% c.78% 3.4 years Key Updates Bank loans : Medium Term Notes Total debt on fixed rates Weighted average debt to maturity • Effective borrowing cost expect
Slide 21: Looking Ahead
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Slide 22: Resilience Amid Macroeconomic Uncertainties
Looking Ahead CapitaLand Ascott Trust Resilience Amid Macroeconomic Uncertainties CLAS’ diversification and stable income sources cushion the impact from geopolitical tensions Global uncertainties could lead to… …interest rate and …reduced lodging demand …higher costs foreign currency volatility Mit
Slide 23: Roadmap to a Stronger Portfolio
Looking Ahead CapitaLand Ascott Trust Roadmap to a Stronger Portfolio Alongside ongoing portfolio reconstitution, CLAS’ pipeline of AEI and development projects provides additional avenues to drive future growth Contribution from Completed Projects Contribution from Enhancing the Portfolio – AEIs an
Slide 24: Celebrating Two Decades of Strength and Stewardship
Looking Ahead CapitaLand Ascott Trust Celebrating Two Decades of Strength and Stewardship CLAS Today Strategic Priorities Ahead • Accretive acquisitions, strategic divestments and targeted asset enhancements Largest lodging Trust Proactive investment and in Asia Pacific portfolio management • Progre
Slide 25: Appendix
5. Appendix
Slide 26: FY 2025 Gross Profit Increased 4%
Appendix CapitaLand Ascott Trust FY 2025 Gross Profit Increased 4% Resilience from diversification across geographies, asset classes and contract types 65% Stable Income Master leases and MCMGI1 28 Master Leases • Gross profit increased 11% mainly due to stronger operating performance and the and 12
Slide 27: Diversified Portfolio with Mix of Stable and Growth Income Streams
Appendix CapitaLand Ascott Trust Diversified Portfolio with Mix of Stable and Growth Income Streams Global presence anchored in Asia Pacific and key gateway cities Asia Pacific 55.9% Europe 25.8% Australia 9.9% Belgium 1.0% China 1.7% France 8.0% Indonesia 1.7% Germany 3.2% Total Assets Japan 18.2%
Slide 28: Divestments and Acquisitions from 2024 to YTD 2026
Appendix CapitaLand Ascott Trust Divestments and Acquisitions from 2024 to YTD 2026 Divesting at premium to book, re-investing into quality, higher-yielding properties Divestments Acquisitions Completed over S$800 mil in divestments Completed accretive acquisitions of c.S$600 mil at up to 100% premi
Slide 29: Thank You
Thank You For enquiries, please contact: Ms Denise Wong, Senior Director, Listed Funds - Investor Relations Email: ask-us@capitalandascotttrust.com CapitaLand Ascott Trust Management Limited CapitaLand Ascott Business Trust Management Pte. Ltd. Tel: (65) 6713 2888 | Fax: (65) 6713 2999 capitalandasc
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