Frasers Property Ltd. · SGX:TQ5
Frasers Property — Frasers Hospitality Trust — H1 FY2022 Earnings Presentation
28 slides from Frasers Property's earnings presentation, Apr 29, 2022
Slide 1: Financial Results for 1H FY2022
| > FRASERS | HOSPITALITY | Financial Results for 1H FY2022 m 29 April 2022 Intercontinental
Slide 2: Important Notice
Important Notice Certain 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 res
Slide 3: Frasers Hospitality Trust
> ERASERS HOSPITALITY TRUST Fraser Suites Sydney
Slide 4: Gradual recovery on the horizon for international travel
Gradual recovery on the horizon for international travel International Tourist Arrivals (mil) International Tourist Arrivals, % of 2019 level 2019 ———2020 —=—2021 © Jan 2022 2020 2021 MJan 2022 47% 38% 32% 29% 27% 67% 16% B09, 7% } > 100% l | Feb Mar Apr May Jun Jul Aug Sep Nov Dec Europe APAC World
Slide 5: Borders have re-opened in most of FHT's key markets
Borders have re-opened in most of FHT’s key markets Singapore has launched the Vaccinated Travel Framework to replace the existing Vaccinated Travel Lane (VTL) and re-opened its borders to all vaccinated travellers from 1 Apr 2022 Australia’s international borders have fully re-opened to vaccinated
Slide 6: Omicron wave reached its peak between Jan - Feb 2022
Omicron wave reached its peak between Jan - Feb 2022 No. of new COVID-19 cases as at 15 Apr 2022 250000 200000 a Germany 150000 100000 Australia 50000 Shan Malaysia 0 Singapore
Slide 7: Omicron surge dampened recovery pace across FHT's key markets
Omicron surge dampened recovery pace across FHT’s key markets Hospitality market performance by country —ADR —Occupancy ——RevPAR Singapore 60% Singapore’s hotel market recorded softer performance with reduced government quarantine business, and lower tourist arrivals after a 1-month VTL suspension H
Slide 8: Omicron surge slowed recovery pace across FHT's key markets
Omicron surge slowed recovery pace across FHT’s key markets Hospitality market performance by country —ADR —Occupancy —-RevPAR Phased exit Lockdown / state of emergency / movement control orders London Kobe (Upscale & upper-midscale) Kuala Lumpur (Luxury & upper-upscale) 274 71% 65% 492 194 Kobe’s h
Slide 9: Financial Review & Distribution
Zz ZH iBasses TRUST Financial Review & Distribution InterContin:
Slide 10: YoY improvement in 1H FY2022 Financial Performance
YoY improvement in 1H FY2022 Financial Performance SGD m 1H FY2022 1H FY2021 Yor 2H FY2021 HoH Change Change Gross revenue (GR) 44.1 39.9 410.4% 45.6 V 3.3% Net property income (NPI) 31.7 26.7 418.4% 30.9 A25% Income available for distribution (Dl) 15.1 8.6 475.0% 12.4 A 21.2% Disiileuiiion ti Septe
Slide 11: Portfolio contribution for 1H FY2022
Portfolio contribution for 1H FY2022 Germany . 7% Malaysia Singapore 5% \ 21% Japan 8% Australia 43% Germany 6% Malaysia Singapore 7% 26% Japan 7% NPI $$31.7m UK 17% Australia 37%
Slide 12: 1H FY2022 Distribution details
1H FY2022 Distribution details 1 Oct 2021 - 31 Mar 2022 Distribution rate Last day of trading on “cum” basis First day of trading on “ex” basis Record date Distribution payment date 0.7039 cents per stapled security 9 May 2022 10 May 2022 11 May 2022 29 Jun 2022
Slide 13: Frasers Hospitality Trust
A> ERASERS HOSPITALITY TRUST ibis Styles London Gloucester Road
Slide 14: Improved portfolio contribution YoY for 1H FY2022
Improved portfolio contribution YoY for 1H FY2022 Gross Operating Revenue (GOR) Gross Operating Profit (GOP) Country Local YoY HoH Local YoY HoH currency (m) change change currency (m) change change Singapore 23.1 49.0% 48.1% 8.8 A 23.1% 45.5% Australia 30.6 413.1% v 5.0% 14.7 47.2% Vv 10.2% UK 8.7
Slide 15: Singapore
Singapore Intercontinental Singapore (ICSG) | Fraser Suites Singapore (FSSG) 68.1% | E : A a ADR (SGD) OCC (%) REVPAR (SGD) sh oe ¥ M1HFY2021 m2HFY2021 m1H FY2022 —ADR —Occupancy ——RevPAR 1H FY2022 79.1% Slight improvement in RevPAR, supported by long-stay business > Singapore portfolio’s RevPAR inc
Slide 16: Australia
Australia Novotel Melbourne on Collins (NMOC) Novotel Sydney Darling Square (NSDS) Fraser Suites Sydney (FSS) Sofitel Sydney Wentworth (SSW) 69.5% al ali ADR (AUD) OCC (%) REVPAR (AUD) RevPAR MIHFY2021 4M 2HFY2021 m1H FY2022 —ADR — occupancy Recovery pace hampered by Omicron surge and absence of qua
Slide 17: UK
UK ibis Styles London Gloucester Road (ISLG) Park International London (PIL) Fraser Place Canary Wharf (FPCW) Fraser Suites Edinburgh (FSE) Fraser Suites Glasgow (FSG) Fraser Suites Queens Gate (FSQG) 1H FY2022 60.6% 39.4% al Pe . O ADR (GBP) =” (%) RevPAR (GBP) oe w SK M1HFY2021 m2HFY2021 m1H FY202
Slide 18: Japan
Japan ANA Crowne Plaza Kobe (CPK) 1H FY2022 13,012 11,321 9,475 + cop 31 oe 4,696 4181 3.477 ADR (JPY) OCC (%) REVPAR (JPY) m4HFY2021 m2HFY2021 m1H FY2022 ADR —Occupancy ——RevPAR Positive improvements in occupancy and RevPAR after lifted restrictions > CPK’s RevPAR increased 12.9% YoY and 34.8% HoH
Slide 19: Malaysia
Malaysia The Westin Kuala Lumpur (TWKL) 29.3% 59% aaa 1H FY2022 110 19 82 — ADR (MYR) occ ee REVPAR (MYR) s e or oP Se MIHFY2021 4M 2HFY2021 m1H FY2022 —ADR —Occupancy —RevPAR- Strong rebound in occupancy, boosted by pent-up domestic demand > TWKU’s RevPAR increased >100% YoY and HoH in 1H FY2022 >
Slide 20: Germany
Germany Maritim Hotel Dresden (MHD) Dresden, Germany > MHD’s performance showed signs of improvement YoY in 1H FY2022 which was supported by a recovery in domestic travel after travel restrictions were eased > However, Germany was impacted by Omicron surge since the end of Nov 2021 which impeded Mar
Slide 21: Proactive capital management
Proactive capital management Debt maturity profile (excludes short-term revolving credit facilities) Investment properties $$1,740.6m S$m As at 31 Mar 2022 281.7 270.0 Investment property held for divestment $$284.4m - Property, plant and equipment $$232.0m 146.1 —_ Total assets $$2,352.4m ll 1 100.
Slide 22: Looking Ahead
BZ 7 eae TRUST Looking Ahead Novotel Sydney Darling Square
Slide 23: Recovery prospect and potential uncertainty
Recovery prospect and potential uncertainty Propensity to Travel: Current COVID-19 situation > Against a backdrop of uncertainty and caution, ™Domestic trip m™ International trip along with high COVID-19 case rates and 63% consumer wariness, STR reported negative sentiment for both domestic and inte
Slide 24: Uncertainty from Ukraine crisis may further hamper recovery pace
Uncertainty from Ukraine crisis may further hamper recovery pace Current COVID-19 situation Travel demand remain in recovery stage cS Supply chain challenges ; & Higher costs leading to inflationary pressures Labour shortage Face Energy Costs Fallout From Invasion of Ukraine”; CNN Travel, "How Russi
Slide 25: Inspiring experiences, creating places for good.
2 ZH iBAsis TRUST Inspiring experiences, creating places for good.
Slide 26: Hotels managed by third-party operators
Hotels managed by third-party operators Valuation, Property Country Description Tenure Class Rooms 30 Sep 2021 Novotel Strategically located within $231.0 m Melbourne on Australia Melbourne’s core CBD area Freehold — Upscale 380 (A$0.6 m/ke ) Collins along Collins Street ° M 4.5-star hotel located w
Slide 27: Hotels managed by Frasers Hospitality and third-party operators
Hotels managed by Frasers Hospitality and third-party operators Valuation, Property Country Description Tenure Class Rooms 30 Sep 2021 . Elegant hotel ideally located in Fark Intemational UK the heart of Kensington and 75 years! Mid-scale 171 £386 m London (£0.2 m/key) Chelsea ANA Crowne Unique pano
Slide 28: Serviced residences managed by Frasers Hospitality
Serviced residences managed by Frasers Hospitality Valuation, Property Country Description Tenure Class Rooms 30 Sep 2021 A First luxury apartments in Sydney Fraser Suites . . . . 75 Upper A$127.5 m Australia designed by internationally 1 201 Sydney renowned architects years Waseaits (A$0.6 m/key) :
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