Capitaland Investment Limited · SGX:9CI
Capitaland Investment — H1 2026 Earnings Presentation
30 slides from Capitaland Investment's earnings presentation, Aug 13, 2026
Slide 1: CapitaLand Investment Limited 1H 2026 Financial Results
1 capitalandinvest.com CapitaLand Investment Limited 1H 2026 Financial Results 13 August 2026
Slide 2: Contents
1H 2026 Financial Results capitalandinvest.com Contents 1. Key Highlights 3 This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statement as a result of a number of risks, uncertaintie
Slide 3: 1H 2026 Key Highlights: Strong Growth Momentum
CapitaLand Investment 1H 2026 Financial Results → Key Highlights 13 August 2026 1H 2026 Key Highlights: Strong Growth Momentum Growing Recurring Fee Revenue Continuing Fundraising Momentum Growing Operating Profit S$687M1 S$3.7B S$293M +20% YoY from S$572M1 in 1H 2025 +42% YoY from S$2.6B2 in 1H 202
Slide 4: Financial Performance
1H 2026 Financial Results capitalandinvest.com Financial Performance
Slide 5: 1H 2026 Fee Revenue +20% YoY
1H 2026 Financial Results → Financial Performance 13 August 2026 CapitaLand Investment 1H 2026 Fee Revenue +20% YoY Core fund management focus driving growth of higher-quality, recurring revenues Fee Related Revenue +20% Total Revenue -2% REIB Revenue -24% Significant growth Fee Business, Investment
Slide 6: 1H 2026 Operating PATMI +13% YoY
1H 2026 Financial Results → Financial Performance 13 August 2026 CapitaLand Investment 1H 2026 Operating PATMI +13% YoY Improved earnings from fee business driving higher profitability 1 Operating PATMI 2 Portfolio Gains Total PATMI +13%YoY +26%YoY +14%YoY • FRB: Higher event-driven fees from Listed
Slide 7: Fee Income Delivers Strong Growth
1H 2026 Financial Results → Financial Performance 13 August 2026 CapitaLand Investment Fee Income Delivers Strong Growth Fee Related Revenue (FRR) by Segments (S$’M) Event Driven Recurring Listed Funds Private Funds Commercial Lodging Management Management Management Management1 Total +45% YoY +59%
Slide 8: Real Estate Investment Earnings Remain Steady
1H 2026 Financial Results → Financial Performance 13 August 2026 CapitaLand Investment Real Estate Investment Earnings Remain Steady Operating EBITDA lower due to accounting for non-fund investments Operating REIB EBITDA (S$’M) Value of Effective Stakes2,3 (S$’B) 1H 2026: S$271M (1H 2025: S$353M) Li
Slide 9: Lower Interest Costs & Improved Operating Cashflow
1H 2026 Financial Results → Financial Performance 13 August 2026 CapitaLand Investment Lower Interest Costs & Improved Operating Cashflow Strong balance sheet with headroom for growth investments Available Debt Headroom (S$’B) 0.45x 4.3x Debt Headroom Net Debt / Equity Interest Coverage Ratio2 (FY 2
Slide 10: Business Updates
1H 2026 Financial Results capitalandinvest.com Business Updates 10
Slide 11: Private Funds: Sustained Fundraising Momentum and Expanding Capital Platforms
1H 2026 Financial Results → Business Updates 13 August 2026 CapitaLand Investment Private Funds: Sustained Fundraising Momentum and Expanding Capital Platforms • Sustaining fundraising momentum ‒ Raised S$1.4B across diversified strategies spanning commercial, business parks and credit ‒ Strong enga
Slide 12: Listed Funds: Strong Momentum Powering Fee Growth and Platform Value
1H 2026 Financial Results → Business Updates 13 August 2026 CapitaLand Investment Listed Funds: Strong Momentum Powering Fee Growth and Platform Value • Scaling quality assets in resilient sectors Strong Transaction Momentum2 (S$’B) ‒ S$7.1B of strategic acquisitions (c.3x higher YoY) across commerc
Slide 13: Commercial Management: Strategic Advantage to Drive Fund Management
1H 2026 Financial Results → Business Updates 13 August 2026 CapitaLand Investment Commercial Management: Strategic Advantage to Drive Fund Management Operating expertise enhances asset returns, widens investment opportunities and creates strategic platform value • Enhancing asset performance and val
Slide 14: Global Lodging Footprint
1H 2026 Financial Results → Business Updates 13 August 2026 CapitaLand Investment Global Lodging Footprint Diversified brands and operating capabilities supporting resilient growth and strategic value creation 1 • Strong momentum with c.8,400 units signed across Ascott’s Global Portfolio (as at 1H 2
Slide 15: Looking Ahead
1H 2026 Financial Results → Looking Ahead 13 August 2026 CapitaLand Investment Looking Ahead Sharpens focus to accelerate growth and unlock shareholder value Core Business Non-Core Business Sharpening Listed and Private Funds supported Legacy funds and balance sheet Focus by key operating capabiliti
Slide 16: Supplemental Information
1H 2026 Financial Results capitalandinvest.com Supplemental Information
Slide 17: Key Financials by Business Segments
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Key Financials by Business Segments Real Estate Investment Business (REIB) Fee related Income Business (FRB) S$’M Operating Non-Operating1 Operating Corporate & Others2 1H 2025 1H 2026 1H 2025 1H 2026 1H 2025 1
Slide 18: 1H 2026 EBITDA Analysis
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment 1H 2026 EBITDA Analysis 1H 2026 EBITDA: S$581M (1H 2025: S$581M) By Business By Geography Fee Income-related Business (FRB) EBITDA saw growth in Singapore, supported by stronger Listed Funds performance, contri
Slide 19: EBITDA from REIB Reflects Asset-Light Shift
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment EBITDA from REIB Reflects Asset-Light Shift By Segments (S$’M) REIB Revenue REIB EBITDA REIB Operating EBITDA -24% YoY -14% YoY -23% YoY 519 70 14 392 79 23 354 303 435 353 202 271 290 228 208 73 207 66 79 80 7
Slide 20: Loan Maturity Profile
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Loan Maturity Profile Plans in place for refinancing/repayment of debt due in 2026 S$'B 7 Total Group cash balances and available undrawn facilities of 6 CLI's treasury vehicles: 5 4 ~ S$6.1 billion 2.8 3 2 1.5
Slide 21: Funds Under Management Breakdown by Fund Life
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Funds Under Management Breakdown by Fund Life As at 12 August 2026 FUM by Remaining Fund Life1,2 <5 years >5 years Perpetual <5 years, 19% Private Funds 50% 25% 25% 2 S$49B >5 years, 10% Listed Perpetual, 71% F
Slide 22: Listed Funds Platform
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Listed Funds Platform As at 30 June 2026 Australia, Australia, Geographical UK/Europe, Europe, Global China China India Malaysia Japan Presence Singapore, Singapore USA FUM S$30.0B1 S$21.7B S$8.7B S$4.3B S$528M
Slide 23: Private Funds Platform
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Private Funds Platform As at 12 August 2026 Total Total No. of Committed Total Equity Carrying Value of FUM CLI Funds Equity Invested General Partner’s Stake S$49B S$37B S$31B S$5B 1,2 64 1 1 1 1 CLI Funds1 By
Slide 24: Private Funds: Partnership with High Quality Capital Partners
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Private Funds: Partnership with High Quality Capital Partners As at 12 August 2026 Investor Type Investor Domicile North America Insurance 14% 36% Europe 11% Corporation Private Wealth1 9% Committed Middle East
Slide 25: 1H 2026 RevPAU +1% Supported by Occupancy Gains Across Markets and ADR Growth
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment 1H 2026 RevPAU +1% Supported by Occupancy Gains Across Markets and ADR1 Growth in Japan/Korea Revenue per Available Unit (RevPAU)2 1H 2025 1H 2026 (S$) Fastest Growing +1% YoY +6% YoY +5% YoY +3% YoY +1% YoY St
Slide 26: 2Q 2026 RevPAU Stable; Japan/Korea Continued to Drive ADR Growth
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment 2Q 2026 RevPAU Stable; Japan/Korea Continued to Drive ADR1 Growth Revenue per Available Unit (RevPAU)2 2Q 2025 2Q 2026 (S$) Fastest Growing Stable +4% YoY +4% YoY +1% YoY Stable Stable -7% YoY 227 226 200 209 1
Slide 27: Portfolio Performance Broadly Tracks Markets
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Portfolio Performance Broadly Tracks Markets • Resilient Asian markets (Singapore, Malaysia, India) continue to deliver strong occupancies and positive rental reversions • Most other markets maintain stable occ
Slide 28: 2025 ESG Highlights and Some 2026 Initiatives
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment 2025 ESG Highlights and Some 2026 Initiatives Rooftop solar installed at Raffles City Singapore and CQ@Clarke Quay with more being rolled out in Singapore properties 28 1. Intensity figures are computed for CLI
Slide 29: Glossary
1H 2026 Financial Results → Supplemental Information 13 August 2026 CapitaLand Investment Glossary Term Definition Term Definition ADR Average Daily Rate HNWI High net worth individuals AI Artificial Intelligence IAM Investment and asset management APAC Asia Pacific JHR Japan Hotel REIT B Billion JV
Slide 30: Thank You
30 capitalandinvest.com Thank You
CapitaLand Investment — H1 2026 Earnings Presentation on 6ix