Oue Limited · SGX:LJ3
Oue — Shareholder Meeting (April 2026)
25 slides from Oue's shareholder meeting presentation, Apr 24, 2026
Slide 1: Annual General Meeting
LIMITED AGM2026 Annual General Meeting FRIDAY | 24 APRIL 2026 | 2:00 PM
Slide 2: Important Notice
OUE LIMITED | AGM2026 Important Notice This presentation, including statements made orally, is for information purposes only and does not constitute an invitation, offer or solicitation of any offer to acquire, purchase or subscribe for shares in OUE Limited (“OUE” or the “Company”, and shares in OU
Slide 3: Agenda
OUE LIMITED | AGM2026 Agenda 1) OUE Group Over the Years 2) Update on Strategic Initiatives 3) Financial Highlights 4) ESG Update
Slide 4: 2006 Onwards: Asset Transformation
OUE LIMITED | AGM2026 | OUE Group Over The Years 2 2006 Onwards: Asset Transformation Highly Transformative Actions to Unlock Value of Our Assets 2009 2011 MANDARIN HOTEL OVERSEAS MANDARIN GALLERY OUE BAYFRONT LOBBY UNION HOUSE Re-developed Overseas Union House Conversion of Mandarin Hotel’s into an
Slide 5: 2013 Onwards: Establishment of REITs
OUE LIMITED | AGM2026 | OUE Group Over The Years 3 2013 Onwards: Establishment of REITs Recycling Stabilised Assets and Growing Funds Under Management 2019 Initial portfolio: Mandarin Orchard Acquisition of Acquisition of Crowne Plaza and Mandarin Gallery Creation of one of the Largest Crowne Plaza
Slide 6: 2017 Onwards: Diversification Into Healthcare
OUE LIMITED | AGM2026 | OUE Group Over The Years 4 2017 Onwards: Diversification Into Healthcare Creation of OUE’s Second Engine of Growth 2017 2018 Wuxi Lippo Xi Nan Hospital Wuxi Lippo Xi Nan Hospital
Slide 7: 2019 Onwards: Asset Recycling and Balance Sheet Optimisation
OUE LIMITED | AGM2026 | OUE Group Over The Years 5 2019 Onwards: Asset Recycling and Balance Sheet Optimisation Divesting Non-Core Assets to Strengthen Balance Sheet 2019 2020 OUE’s NET GEARING RATIO 61% Total Value 41% Unlocked: S$1,259m Marina Mandarin Hotel and Marina Square Mall (30%) S$390m 201
Slide 8: OUE Group Today
OUE LIMITED | AGM2026 | OUE Group Over The Years 6 OUE Group Today Leading Asia-Pacific Real Estate and Healthcare Group, Based in Singapore REAL ESTATE HEALTHCARE OTHERS (RESTAURANTS) Shenzhen China Merchants - Lippo Prince Bay Hospital Chatterbox Café in Japan OUE Bayfront Crowne Plaza Changi Airp
Slide 9: Breakdown by Business Segments and Geography (2025)
OUE LIMITED | AGM2026 | OUE Group Over The Years 7 Breakdown by Business Segments and Geography (2025) TOTAL TURNOVER TOTAL ASSETS OTHERS OTHERS S$0.4B BY BUSINESS SEGMENTS S$52M REAL ESTATE REAL ESTATE 8% 5% S$412M HEALTHCARE S$6.7B 67% S$1.3B 79% 16% INVESTMENT HEALTHCARE PROPERTIES & S$153M 25% T
Slide 10: Agenda
OUE LIMITED | AGM2026 Agenda 1) OUE Group Over the Years 2) Update on Strategic Initiatives 3) Financial Highlights 4) ESG Update
Slide 11: Delivering Sustainable Growth and Long-Term Value Creation
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 9 Update on Strategic Initiatives DELIVERING SUSTAINABLE GROWTH AND LONG-TERM VALUE CREATION Executing an “Asset Building a Pan-Asian Proactive & Prudent Right” Business Model Healthcare Platform Capital Management • Own a diversified portfolio
Slide 12: OUE REIT: Portfolio Optimisation
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 10 OUE REIT: Portfolio Optimisation Timely Divestment of Lippo Plaza Shanghai and Strategic Investment in Salesforce Tower in Sydney, Australia OPTIMISED PORTFOLIO STRATEGIC EXPANSION INTO THROUGH DIVESTMENT SYDNEY’S CBD PRIME OFFICE OF LIPPO P
Slide 13: Hotel Indigo Changi Airport (HICA): On Schedule, On Budget
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 11 Hotel Indigo Changi Airport (HICA): On Schedule, On Budget Partnering with Tokyo Century to Expand FUM Artist’s impression of sectional perspective of ‘Floating Forest’ from OUE and Tokyo Century marked the groundbreaking of HICA on 29 May 2
Slide 14: First REIT: Pivoting From Emerging To Developed Markets
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 12 First REIT: Pivoting From Emerging To Developed Markets Strategic Divestment of Indonesian Assets at Premium to Valuation DIVESTING EMERGING MARKET ASSETS AND REDEPLOY INTO DEVELOPED MARKETS Challenging macroeconomic Greater macroeconomic an
Slide 15: OUEH: Continued Momentum in Singapore and China
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 13 OUEH: Continued Momentum in Singapore and China Capitalising on Healthcare Secular Growth Trends 2022 2023 2024 2025 2026 ✓ Strategic investment ✓ Privatisation of ✓ HMC opened Cura Day ✓ Increased stake in ✓ Opening of Prince Bay in O2 Heal
Slide 16: Proactive & Prudent Capital Management
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 14 Proactive & Prudent Capital Management Extended Maturities, Reduced Pricing and Increased Proportion of Green Financing CAPITAL MANAGEMENT 53.2% 72% Net Gearing Green Financing JUL AUG OCT FY2024: 47.5% FY2024: 64% OUE REIT OUE obtained OUE
Slide 17: Improved Debt Maturity Profile
OUE LIMITED | AGM2026 | Update on Strategic Initiatives 15 Improved Debt Maturity Profile Balancing Sources of Funds (S$’Million) 31 Dec 2022 (S$’Million) 31 Dec 2025 1,200 1,200 1,092 2022 2025 1,052 100 Loan 70% 49% 1,000 1,000 Bonds 30% 51% 350 761 800 800 664 580 601 600 600 350 200 992 200 400
Slide 18: Agenda
OUE LIMITED | AGM2026 Agenda 1) OUE Group Over the Years 2) Update on Strategic Initiatives 3) Financial Highlights 4) ESG Update
Slide 19: 2025 Key Operational and Financial Highlights
OUE LIMITED | AGM2026 | Financial Highlights 17 2025 Key Operational and Financial Highlights FINANCIAL PERFORMANCE SIZEABLE FUM AND STRONG LIQUIDITY OPERATIONAL HIGHLIGHTS Office S$617.0M S$8.4B 95.4% Revenue Total Assets Committed Occupancy Hospitality -S$220.9M S$7.3B S$281 Attributable Loss Fund
Slide 20: Gemdale Properties and Investment Corp (Gemdale)
OUE LIMITED | AGM2026 | Financial Highlights 18 Gemdale Properties and Investment Corp (Gemdale) • Leading Chinese property company listed on Stock Exchange of Hong Kong Limited • Develops, owns, operates/sells commercial, industrial parks and residential properties • 29.1% associate company of OUE
Slide 21: Shareholder Returns
OUE LIMITED | AGM2026 | Financial Highlights 19 Shareholder Returns Total Shareholder Sustainable Shareholder’ Returns While Maintaining Conservative Balance Sheet Returns for 2025: 18.9% Share Price Performance 2.0 cents S$1.11 as of 22 April 2026 Paid Dividend per Share1 S$0.95 as of 23 April 2025
Slide 22: Shareholder Returns: Cumulative Dividends
OUE LIMITED | AGM2026 | Financial Highlights 20 Shareholder Returns Cumulative Dividends Total Ordinary and Special Dividends Paid 80 since 2006: $1.89 per share Divestments of UOB 70 shares and Hotel Negara 60 Distribution-in-specie of DIVIDEND PER SHARE (CENTS) OUE H-Trust 60th Anniversary Special
Slide 23: Agenda
OUE LIMITED | AGM2026 Agenda 1) OUE Group Over the Years 2) Update on Strategic Initiatives 3) Financial Highlights 4) ESG Update
Slide 24: Progressing on ESG Targets
OUE LIMITED | AGM2026 | ESG Update 22 Progressing on ESG Targets Scope 1 & 2 GHG Water intensity2 Non-hazardous Recycling rate Tenant emissions1 waste intensity2 satisfaction rate 21% 24% 9% 8% 86% 2030 Target: 40% 2030 Target: 25% 2030 Target: 15% 2030 Target: 12.5% 2030 Target: 80% Awards & Recogn
Slide 25: Thank You
LIMITED AGM2026 Annual General Meeting THANK YOU