Ec World Reit · SGX:BWCU
Ec World Reit — EC World Real Estate Investment Trust — Q3 2025 Earnings Presentation
16 slides from Ec World Reit's earnings presentation, Nov 13, 2025
Slide 1: 3QFY2025 Results Presentation
3QFY2025 Results Presentation 13 Nov 2025
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. 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 assumpti
Slide 3: Agenda
Agenda Section A 3QFY2025 Key Highlights Section B Financial Review Section C Portfolio Update 2
Slide 4: Section A: 3QFY2025 Key Highlights
Section A: 3QFY2025 Key Highlights 11/10/2025 3
Slide 5: 3QFY2025 Key Highlights
3QFY2025 Key Highlights 3QFY2025 gross revenue and NPI were down by 56.9% and 60.5% y-o-y respectively, mainly due to the termination of MLAs upon lease expiry, lower contribution from underlying leases, offset by income contribution from new third-party Financials and leases secured for HDSP Phas
Slide 6: No Distribution Expected in FY2025
No Distribution Expected in FY2025 Distribution for 1H2023 scheduled for 28 September 2023 has been deferred to a future date when there is sufficient free cash. There was no distribution for 2H2023 and FY2024 declared due to insufficient fund As per offshore facility agreement, permitted dist
Slide 7: Section B: Financial Review
Section B: Financial Review 11/10/2025 6
Slide 8: 3QFY2025 (Year-on-Year) Summary Results
3QFY2025 (Year-on-Year) Summary Results Year-on-Year • Gross revenue and NPI declined 56.9% 3QFY2025 3QFY2024 Variance (%) Comparison and 60.5% y-o-y respectively Gross revenue (S$’000) 10,803 25,081 (56.9) • In RMB terms, after relevant distribution Net property income 9,000 22,807 (60.5) adjustmen
Slide 9: 3QFY2025 (Quarter-on-Quarter) Summary Results
3QFY2025 (Quarter-on-Quarter) Summary Results Quarter-on-Quarter • Gross revenue and NPI increased 9.3% 3QFY2025 2QFY2025 Variance (%) Comparison and 13.4% q-o-q respectively Gross revenue (S$’000) 10,803 9,885 9.3 • In RMB terms, gross revenue and NPI Net property income was 9.7% and 13.9% higher q
Slide 10: 9MFY2025 Summary Results
9MFY2025 Summary Results Year-on-Year • Gross revenue and NPI decreased 56.3% 9MFY2025 9MFY2024 Variance (%) Comparison and 60.4% y-o-y Gross revenue (S$’000) 33,367 76,314 (56.3) • In RMB terms, after straight-lining of step-up Net property income rental, security deposit accretion and other 27,721
Slide 11: Balance Sheet
Balance Sheet As at As at S$’000 30 September 2025 31 December 2024 Cash and cash equivalents 6,302 4,513 Investment Properties(1) 576,785 713,726 Total Assets 692,051 887,079 Borrowings 472,223 480,382 Total Liabilities 770,165 855,016 Net Assets attributable to Unitholders (78,114) 32,063 NAV per
Slide 12: Capital Management
Capital Management Key Metrics as at 30 September 2025 Aggregate Leverage • 71.1%(1) (31 December 2024: 56.5%) • Aggregate – 8.8% p.a. 9MFY2025 Blended Running Interest Rate(2)(3) • Onshore – 5.7% p.a. • Offshore – 10.0% p.a. Weighted Average Debt Maturity(4) • 0.16 years Interest coverage ratio(5)
Slide 13: Section C: Portfolio Update
Section C: Portfolio Update 11/10/2025 12
Slide 14: Existing Portfolio
Existing Portfolio Average Committed Occupancy of 84.3% E-Commerce Logistics Assets Asset Lease Structure（1） Committed Occupancy Key Highlight Fu Heng Coveted property; supporting e- Multi Tenanted 74.9% Warehouse commerce fulfilment Fuzhou E- Situated next to Fu Heng. An integrated Multi Tenanted 6
Slide 15: Quality and Differentiated Asset Portfolio
Quality and Differentiated Asset Portfolio Average committed occupancy of 84.3% as at 30 September 2025 Lease Expiry Profile of Portfolio Portfolio Diversification By Net Lettable Area WALE by NLA: 1.2 years WALE by Gross Rental Income: 0.9 year 25.7% 23.4% 43.0% 39.7% 38.2% 34.3% 23.9% Total: 16.
Slide 16: Thank You
For queries, please contact: Investor Relations EC World Asset Management Pte. Ltd. Tel: +65 6221 9018 ir@ecwreit.com www.ecwreit.com Thank You 11/10/2025 15
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