Frasers Property Ltd. · SGX:TQ5
Frasers Property — FY2023 Earnings Presentation
104 slides from Frasers Property's earnings presentation, Nov 10, 2023
Slide 1: Financial Results for the full year ended 30 September 2023
Financial Results for the full year ended 30 September 2023 10 November 2023 Frasers Property Logistic Center (Bangplee 7), Samut Prakan, Thailand
Slide 2: Important notice
Important notice • 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 results,
Slide 3: Glossary
Glossary Frasers Property entities Additional notes ARF : AsiaRetail Fund Limited FPT : Frasers Property (Thailand) Public • In the tables, the arrow direction indicates the increase (up) FCT : Frasers Centrepoint Trust Company Limited or decrease (down) of the absolute figure. The colour FCOT : Fra
Slide 4: Contents
Contents Key Highlights Results and Financials Business Unit Highlights • Singapore • Australia • Industrial • Hospitality • Thailand & Vietnam • Others Appendices 4 The Grove, VIC, Australia
Slide 5: Key Highlights
NEX, Singapore Key Highlights 5
Slide 6: Contributions from improved operations cushioned valuation impact
Contributions from improved operations cushioned valuation impact Revenue Cash & deposits S$3,947.1 m S$2.7 b ▲ 1.8%1 ▼ 20.0%1 PBIT2 Total assets S$1,313.2 m S$39.8 b ▲ 5.1%1 ▼ 1.0%1 Attributable profit Dividend per share S$173.1 m 4.5 cents ▼ 81.3%1 ▲ 50.0%1 1. In comparison to FY22. 2. Profit befo
Slide 7: Entering the next phase of Frasers Property's value creation journey
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Entering the next phase of Frasers Property’s value creation journey DIVERSIFIED GROWTH CONSOLIDATE RESILIENCE FY13 – FY17 FY18 – FY22 FY23 onwards Built business platforms with appropriate Scalable and resi
Slide 8: A decade of reshaping portfolio: property assets by asset class
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms A decade of reshaping portfolio and building competitive business platforms Building scalable and competitive asset class platforms – broadening our core capabilities in resilient asset classes CONSOLIDATE –
Slide 9: A decade of reshaping portfolio and building competitive business platforms
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms A decade of reshaping portfolio and building competitive business platforms Investing in balanced growth – diversifying exposure across developed and growth markets RESILIENCE – FY23 onwards CONSOLIDATE – FY
Slide 10: Scalable and resilient industrial and logistics platform
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Scalable and resilient industrial and logistics platform Network positioned to support customers’ businesses Differentiated product offering through quality, sustainability across geographies and innovation
Slide 11: Leading suburban retail owner and operator in Singapore
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Leading suburban retail owner and operator in Singapore Malls are well-connected to transport network which underpins shopper traffic and retailers’ demand for prime space Accessibility Causeway Point Positi
Slide 12: Strong Southeast Asia presence
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Strong Southeast Asia presence Competitive edge in the world’s fastest growing region1 with ~680 million people2 Largest suburban retail owner and Fast-growing industrial & logistics platform operator in Sin
Slide 13: Focus on residential markets with more robust demand
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on residential markets with more robust demand Prudent management of residential pipeline and strategic replenishment of landbank in tandem with market conditions ~6,100 units1,2 sold in FY23 in line w
Slide 14: Active asset management drives stable leasing demand
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Active asset management drives stable leasing demand Leasing activities and occupancy rates remain healthy ~ 1.8 million sqm of renewals and new leases1 in total across the investment properties portfolio in
Slide 15: Focus on longer-term value creation
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on longer-term value creation Disciplined drive for returns from investment properties across property cycles S$3.4 billion of total net1 fair value uplift over FY18 to FY22 cushioned impact of FY23 ne
Slide 16: Actively managing property portfolio
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Actively managing property portfolio Non-residential development pipeline fuels ongoing value creation Enhancing portfolio resilience Strategic land bank replenishment and steady delivery of non-residential
Slide 17: Continue unlocking of value and capital optimisation
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Continue unlocking of value and capital optimisation Via the Group’s REITs, capital partnerships, sales to third parties, and redevelopment S$0.3 billion of total value unlocked in FY23 S$19.1 billion of non
Slide 18: REITs platform supports the Group's strategic objectives
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms REITs platform supports the Group’s strategic objectives Enhancing the Group’s income streams and capital productivity REITs have scaled up and strengthened over time through active portfolio rebalancing FLC
Slide 19: Well-established multi-asset class and multi-geography business
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Well-established multi-asset class and multi-geography business Leveraging domain knowledge and synergistic platforms to drive sustainable portfolio returns S$48.6 billion AUM1 across five asset classes Syne
Slide 20: Focus on improving quality and visibility of earnings
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Focus on improving quality and visibility of earnings PBIT from development and recurring income asset classes (S$’m) 1 Increase Total 2,440.5 Total 2,438.6 Total development 2,077.4 Total 1,937.2 exposure 6
Slide 21: FY23 Sustainability Highlights
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms FY23 Sustainability Highlights Making meaningful progress on our processes and performance Carbon Resilience • Remain committed to becoming a net-zero • All Frasers Property business entities including carbo
Slide 22: Group is well-positioned to capitalise on key real estate trends
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Group is well-positioned to capitalise on key real estate trends Significant housing undersupply in key markets Singapore’s suburban retail malls continues to perform well will fuel demand AUSTRALIA VIETNAM
Slide 23: Well-placed for next phase of Frasers Property's evolution
Evolution journey Residential portfolio Recurring income portfolio Well-positioned platforms Well-placed for next phase of Frasers Property’s evolution Underpinned by strong and focused business platforms and effective capital optimisation ASSET CLASS CAPABILITIES STRONG MARKET PLATFORMS ✓ Developme
Slide 24: Results and Financials
Capri by Fraser, Phnom Penh, Cambodia Results and Financials 24
Slide 25: Improved PBIT mainly from residential developments and hospitality operations
Improved PBIT mainly from residential developments and hospitality operations Improved earnings from operations partially offset by net fair value loss • Improved PBIT was mainly due to higher contributions from residential business, maiden contribution from the Financial Highlights FY23 FY22 Change
Slide 26: Improved PBIT across majority of business segments
Improved PBIT across majority of business segments Business Segment FY23 FY22 Change Remarks Singapore S$550.3 m S$536.4 m ▲ 2.6% • Higher selling prices achieved for Rivière and maiden contributions from NEX • Lower occupancies in commercial properties with the planned redevelopment Australia S$75.
Slide 27: Diversified across asset classes
Diversified across asset classes of the Group’s property assets1 as at of the Group’s FY23 PBIT2 was from 89% 30 September 2023 are in recurring income asset classes 78% recurring-income based asset classes Property assets1 by asset class (S$b) PBIT2 by income sources (S$m) Total 1,362 Total Total R
Slide 28: Diversified across geographies
Diversified across geographies of the Group’s property assets1 are of the Group’s FY23 PBIT2 was generated from 82% in developed markets of Singapore, Australia, EU & UK 83% Singapore, Australia, EU & UK Property assets1 by geography (S$b) PBIT2 by geography (S$m) Total: (2%) 1,362 Total: Total: 22
Slide 29: Balance sheet remains resilient
Balance sheet remains resilient As at As at Keen focus on net debt / total equity Key Financials Change as part of active capital management 30 Sep 23 30 Sep 22 110% 105.0% Total equity1 S$18,199.9 m S$19,378.5 m ▼ 6.1% 1 100% Cash and bank deposits S$2,658.9 m S$3,322.4 m ▼ 20.0% 90% 3 Net debt S$1
Slide 30: Well-distributed debt maturities
Well-distributed debt maturities High proportion of fixed rate debt partially mitigates impact of high interest rates As at As at Debt maturity profile Key Financials Change 30 Sep 23 30 Sep 22 S$ m Fixed rate debt1 72.4% 74.5% ▼ 2.1 pp 5,000 4,487 4,500 Average weighted 4,010 2.6 years 2.8 years ▼
Slide 31: Dividends
Dividends FY23 FY22 First and Final Dividend 4.5 Singapore cents 3.0 Singapore cents Total Dividend 4.5 Singapore cents 3.0 Singapore cents 5.9% 3.4% (based on FPL closing share (based on FPL closing share Dividend Yield price of S$0.765 on price of S$0.87 on 10 Nov 2023) 10 Nov 2022) Payout Ratio (
Slide 32: Business Unit Highlights: Singapore
Rivière, Singapore Business Unit Highlights Singapore 32
Slide 33: Singapore development projects on track for completion
Singapore development projects on track for completion • Sold 100%1 of Rivière units with Temporary Occupation Permit Macro Drivers and Industry Trends (“TOP”) obtained on 17 January 20233 Singapore residential market remains resilient but developers are taking a more cautious approach to land bids
Slide 34: Singapore investment portfolio metrics maintained at healthy levels
Singapore investment portfolio metrics maintained at healthy levels Underpinned by strategic acquisitions and proactive asset and property management Macro Drivers and Industry Trends • Strengthening retail assets portfolio through strategic joint acquisition with FCT for 50% stake in NEX and FCT’s
Slide 35: Project Showcase – Rivière & Fraser Residence River Promenade
Project Showcase – Rivière & Fraser A GREEN WAY OF LIFE Residence River Promenade, Singapore • BCA Green Mark GoldPLUS rating Integrated, waterfront precinct with historical charm at an iconic address • Rivière’s homes use certified sustainable products & energy-efficient air-conditioning • Bicycles
Slide 36: FCT achieves healthy FY23 results on robust operating performance
FCT achieves healthy FY23 results on robust operating performance Stable portfolio valuation with no change in valuation capitalisation rates Key Highlights • FY23 gross revenue was up 3.6% Y-o-Y and net property income was up 2.7% Y-o-Y • 2H FY23 DPU of 6.02 Singapore cents brings total DPU for FY2
Slide 37: Singapore PBIT improved due to better performance
Singapore PBIT improved due to better performance Segment FY23 FY22 Change Remarks Retail S$377.4 m S$300.6 m ▲ 25.5% • Better performance from FCT backed by higher NPI - REIT S$286.7 m S$245.8 m ▲ 16.6% • Maiden contribution of share of results and fair value gain from NEX - Non-REIT S$46.0 m S$19.
Slide 38: Business Unit Highlights: Australia
The Quarry, QLD, Australia Business Unit Highlights Australia
Slide 39: Contracts on hand underpin Australia residential portfolio future earnings
Contracts on hand underpin Australia residential portfolio future earnings Well-positioned for opportunities amid favourable long-term market dynamics • Positive sales performance with units sold higher than units released Macro Drivers and Industry Trends • Strong volume of contracts on hand underp
Slide 40: Active steps taken to strengthen Australia investment portfolio
Active steps taken to strengthen Australia investment portfolio Ongoing repositioning of commercial assets and stabilisation of retail assets • Asset repositioning and active leasing efforts strengthening commercial portfolio Macro Drivers and Industry Trends • Acquisition of two buildings at Rhodes
Slide 41: Australia PBIT lower due to upcoming redevelopment of commercial assets
Australia PBIT lower due to upcoming redevelopment of commercial assets Segment FY23 FY22 Change Remarks • Higher contributions from higher level of settlements, offset by lower Development S$54.8 m S$54.7 m ▲ 0.2% share of profits from joint venture projects • Earnings affected by lower occupancies
Slide 42: Business Unit Highlights: Industrial
Rubix Connect, VIC, Australia Business Unit Highlights Industrial 42
Slide 43: Robust pipeline of upcoming developments for I&L portfolio
Robust pipeline of upcoming developments for I&L portfolio Strategic replenishment of landbank fuels development pipeline • Completed seven development projects ~174,000 sqm Australia and EU across Australia in FY23 • 17 assets under development • Three development projects totalling ~75,000 sqm com
Slide 44: Strong leasing activity across Australia and EU
Strong leasing activity across Australia and EU High occupancy rates with quality tenants Macro Drivers and Industry Trends • Realised strong leasing activity1 with renewals and new leases of Sustained low vacancy continues to support rental ~696,000 sqm in Australia and ~147,000 sqm in EU in FY23 g
Slide 45: FLCT's distributable income decreased 6.9% Y-o-Y
FLCT’s distributable income decreased 6.9% Y-o-Y Maintained high portfolio occupancy of 96.0%1 and WALE of 4.4 years1 Key Highlights • Lower revenue and adjusted net property income in FY23 largely impacted by weaker AUD/SGD exchange rates and lower occupancies at some commercial assets • Healthy av
Slide 46: Industrial PBIT declined due to lower REIT PBIT
Industrial PBIT declined due to lower REIT PBIT Segment FY23 FY22 Change Remarks • Share of FV losses from the investment properties held Non-REIT S$61.3 m S$130.9 m ▼ 53.2% through a JV and stable operating PBIT • Lower contribution following the divestment of Cross Street REIT S$274.8 m S$304.1 m
Slide 47: Business Unit Highlights: Hospitality
Frasers Residence Tianjin, China Business Unit Highlights Hospitality 47
Slide 48: Active management of hospitality portfolio
Active management of hospitality portfolio Focus on meaningful growth through active portfolio rebalancing • Entry into complementary premium rental apartment segment to capture International tourism continued its opportunities from North Asia’s burgeoning long-stay segment sustained recovery as arr
Slide 49: Hospitality portfolio metrics
Hospitality portfolio metrics1 Continued recovery in most markets across all operating metrics Asia Pacific FY23 FY22 Change • Strong demand reflected across all segments of business as countries in this region move toward an endemic situation AOR 77.2% 60.0% ▲ 17.2 pp • Healthy demand from both lei
Slide 50: FHT reports improved performance in FY23
FHT reports improved performance in FY23 Distribution per Stapled Security grew 49.3% with sustained improvement in performance Key Highlights Key Financials FY23 FY22 Change • Portfolio performance continued to improve in FY23 due to sustained recovery in global tourism as all FHT’s geographical Gr
Slide 51: Hospitality PBIT improved with sustained recovery in demand
Hospitality PBIT improved with sustained recovery in demand Earnings supported by higher revenue per available room ("RevPAR") Segment FY23 FY22 Change Remarks • Positive contributions mainly from higher RevPAR across Non-REIT S$76.2 m S$71.8 m ▲ 6.1% most properties REIT S$58.8 m S$30.7 m ▲ 91.5% •
Slide 52: Business Unit Highlights: Thailand and Vietnam
Grandio Chaengwattana-Muangthong, Bangkok, Thailand Business Unit Highlights Thailand and Vietnam 52
Slide 53: Improving FPT performance amid challenging macroeconomic conditions
Improving FPT performance amid challenging macroeconomic conditions FPT business developments and financial performance • FPT’s core business continues to maintain resilience while profitability bounced back due to the growth in profit contribution from JVs and associates • Residential sales decline
Slide 54: Residential business under pressure from macro developments
Residential business under pressure from macro developments Rebalancing residential portfolio for future growth • Eight new projects launched in FY23 with a total GDV of ~S$512 Macro Drivers and Industry Trends million, down from 18 projects launched in FY22 • 78 active projects with total GDV of S$
Slide 55: Strong I&L performance in Thailand
Strong I&L performance in Thailand High occupancy level maintained from solid leasing demand Macro Drivers and Industry Trends • Solid warehouse and factory portfolio metrics with higher Y-o-Y portfolio Demand for warehouse storage spaces supported occupancy rate of ~87% (FY22: ~84%) mainly by the o
Slide 56: Occupancies of FPT commercial properties remained robust
Occupancies of FPT commercial properties remained robust Resilient performance of prime assets boosted by business recovery • Active early lease-renewal efforts in response to upcoming Grade A new Macro Drivers and Industry Trends office supply; ~86,000 sqm of office renewals and new leases in FY23
Slide 57: I&L portfolio in Vietnam gains momentum
I&L portfolio in Vietnam gains momentum Focused on execution and operational excellence • Industrial portfolio making good progress Macro Drivers and Industry Trends • Completed acquisition of ~44.6ha of industrial land (out of 77.6ha secured) in northern Vietnam. In 9M 2023, GDP, CPI and core infla
Slide 58: Thailand & Vietnam reported PBIT of S$211 million
Thailand & Vietnam reported PBIT of S$211 million Segment FY23 FY22 Change Remarks • Share of net FV gains from the investment properties held through JVs and associates, better performance from industrial and hospitality businesses in Thailand Thailand & Vietnam S$210.5 m S$100.2 m ▲ 110.1% • Parti
Slide 59: Business Unit Highlights: Others
Building 1180, Winnersh Triangle, Reading, UK Business Unit Highlights Others 59
Slide 60: Well-received new residential launches in Shanghai, China
Well-received new residential launches in Shanghai, China S$0.9 billion presold revenue to be recognised progressively • Selectively replenished residential portfolio with investments in Shanghai, a core Macro Drivers and Industry Trends Tier 1 city • Added ~3901,2 residential units to portfolio in
Slide 61: UK portfolio metrics remain resilient despite headwinds
UK portfolio metrics remain resilient despite headwinds Strategic activities undertaken to drive leasing activity • High interest rates and softer post-pandemic office leasing demand trends continue, Macro Drivers and Industry Trends exacerbated by political and economic uncertainties in the UK. Con
Slide 62: China and UK reported PBIT of S$73 million
China and UK reported PBIT of S$73 million Segment FY23 FY22 Change Remarks • Higher contributions mainly due to sale of carpark units in China S$41.4 m S$31.0 m ▲ 33.5% Baitang One in Suzhou • Higher contributions mainly due to lower provisions for UK S$31.4 m S$22.2 m ▲ 41.4% cladding costs1 TOTAL
Slide 63: Appendix I
Farnborough Business Park, UK Appendix I 63
Slide 64: Overview of Frasers Property: Segments
Overview of Frasers Property Multinational real estate company with multi-segment expertise • S$48.6 billion AUM1 across five asset classes • Four main SBUs – Singapore, Australia, Singapore Australia Thailand & Vietnam Others2 Industrial Hospitality Hospitality, Industrial; as well as Thailand & Vi
Slide 65: Frasers Property approach to improving quality and visibility of earnings
Frasers Property approach to improving quality and visibility of earnings Drive recurring and capital returns from Increase development exposure recurring income asset classes Leverage the Group’s value creation capabilities; Through active asset management; capital efficient focus on selected asset
Slide 66: Earnings visibility from residential development pipeline
Earnings visibility from residential development pipeline 4,051 2,293 6,100 12,280 units settled2 units launched2 units sold1,2 pipeline units2 in FY23 in FY23 in FY23 as at 30 September 2023 Pre-sold revenue FY23 pre-sold revenue1,2 amounts to S$2.6 billion S$ b 3.0 Total: Total: Total: 2.6 0.1 2.6
Slide 67: Diversified across asset classes and geographies
Diversified across asset classes and geographies Property assets1 by asset class (S$b) Property assets1 by geography (S$b) Residential, China, Others2, 89% 3.9, 11% Thailand, 0.8, 2% 1.0, 3% Industrial & logistics, of the Group’s 11.2, 33% 4.3, 13% property assets1 as Total Retail, Singapore, Total
Slide 68: Scaled platforms in Singapore, Australia, EU & UK and Thailand
Scaled platforms in Singapore, Australia, EU & UK and Thailand Geographical breakdown of property assets1 by asset classes as at 30 September 2023 (S$b) 82% Singapore Hospitality, Residential, Australia Residential, 1.2, 13% 0.6, 5% of the Group’s 1.6, 13% property assets1 Commercial & Business Park
Slide 69: Active capital management to optimise capital productivity
Active capital management to optimise capital productivity Capital recycling via the Group’s REITs, capital partnerships, and sales to third parties FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 S$8.3 b Recycling via recycled via the the Group’s S$808 m S$447 m S$1,700 m S$240 m S$1,003 m S$1,18
Slide 70: Frasers Property Singapore Business Unit Overview
Frasers Property Singapore Business Unit Overview Retail properties • One of the leading real estate players that owns, manages and develops retail, commercial and large- scale, mixed-use developments in Singapore, with well-established REITs that facilitate efficient capital NLA breakdown3(sqm) rec
Slide 71: Frasers Property Singapore: REIT – FCT
Frasers Property Singapore REIT – FCT • 41.4% stake in FCT, which owns a retail portfolio of ten suburban malls1 Country Properties Portfolio value2 FY23 NPI Assets under • Causeway Point S$6.9 b management3 • Century Square • Hougang Mall • Northpoint City North Wing Well-located suburban (includin
Slide 72: Frasers Property Australia Business Unit Overview
Frasers Property Australia Business Unit Overview • One of Australia’s leading diversified property groups • ~11,0001 pipeline residential development units2,3 Brookhaven Brunswick & Co. • Market leader in complex mixed-use masterplanned development Coorparoo Square New Beith • National presence in
Slide 73: Frasers Property Industrial Business Unit Overview
Frasers Property Industrial Business Unit Overview • Multi-national expertise in the industrial property sector • Capabilities in development management, asset management and UK investment management • 6 REIT assets Germany • Network positioned to support customers’ businesses across geographies The
Slide 74: Frasers Property Industrial: REIT – FLCT
Frasers Property Industrial REIT – FLCT • 22.3% stake in logistics & commercial trust with 107 quality properties • FLCT is a constituent of the STI (Straits Times Index) S$6.4 b Portfolio value1 • FLCT is a constituent of the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index)
Slide 75: Frasers Hospitality Business Unit Overview
Frasers Hospitality Business Unit Overview • Well-established hospitality brands with quality assets in prime locations Breakdown of total units by geography2 • Strong and established international footprint Total: • Scalable operations in 21 countries and 73 cities 13,666 14,000 12,000 3,417 UK Ger
Slide 76: Frasers Hospitality: Stapled Trust – FHT
Frasers Hospitality Stapled Trust – FHT • 25.8% stake in global hotel and serviced residence trust; 14 quality assets Country Properties Portfolio value1,2,3 FY23 NPI 9 Gateway cities • 1 hotel S$815.0 m Singapore • 1 serviced residence (42%) 35% 3,477 Keys • 2 hotels S$434.1 m Australia 26% • 1 ser
Slide 77: Frasers Property Thailand Business Unit Overview
Frasers Property Thailand Business Unit Overview Chiang Rai • 81.8%1 deemed interest in FPT, a leading integrated real estate Chiang Mai S$3.4 b Warehouse & platform and one of the largest property developers in Thailand 975 assets Factory AUM3 • Holds a ~26.6% and ~23.6% stake in FTREIT (portfolio
Slide 78: Frasers Property Vietnam Business Unit Overview
Frasers Property Vietnam Business Unit Overview • Building an integrated platform with a sustainable portfolio • Commercial: office NLA of ~22,500 sqm • Industrial: total land area of ~1,294,000 sqm, total NLA of ~680,000 sqm • Completed NLA ~40,000 sqm, NLA under development ~145,000 sqm, NLA in la
Slide 79: Frasers Property China Business Unit Overview
Frasers Property China Business Unit Overview • Owner, developer and operator of a diverse portfolio of properties in China • ~8,6001 homes built to date • 7 development projects • ~551 units residential Baitang One, Suzhou Opus One, Shanghai Chengdu Logistics Hub Gemdale Megacity, Shanghai inventor
Slide 80: Frasers Property UK Business Unit Overview
Frasers Property UK Business Unit Overview • One of the largest business parks owners and/or managers in the UK S$1.6 b Business park • Seven business park assets with a portfolio NLA of ~526,000 sqm let to ~410 tenants 7 assets AUM1 • Five located west of London along the M3 and M4 corridors, inclu
Slide 81: Appendix II
Samyan Mitrtown, C asean Samyan CO-OP, Bangkok, Thailand Appendix II 81
Slide 82: Frasers Property Singapore: Notes on profit recognition
Frasers Property Singapore Notes on profit recognition1 Estimated Effective share Total % of Target Project % completed4 total saleable area2 (%) no. of units2 units sold3 completion date (’000 sqm) TOP attained on Rivière 100 4555 100.0 100.0 475 17 January 2023 Parc Greenwich (EC) 80 496 99.6 73.5
Slide 83: Frasers Property Australia: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated total Effective Total no. of Estimated Total % of saleable area Target Project1 share units total saleable area2 no. of units2 units sold (consolidation)3 completion date (%) (consolidation)3 (’000 sqm) (’000
Slide 84: Frasers Property Australia: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated Estimated total Effective share Total Total no. of units % of total saleable saleable area Target Project1 (%) no. of units2 (consolidation)3 units sold area2 (consolidation)3 completion date (’000 sqm) (’000
Slide 85: Frasers Property Australia: Residential / Mixed Use – Notes on profit recognition
Frasers Property Australia Residential / Mixed Use – Notes on profit recognition Estimated Estimated total Effective share Total Total no. of units % of total saleable saleable area Target Project1 (%) no. of units2 (consolidation)3 units sold area2 (consolidation)3 completion date (’000 sqm) (’000
Slide 86: Frasers Property Australia: Residential – Land bank
Frasers Property Australia Residential – Land bank Estimated total Estimated total Effective share Estimated total Estimated total no. of saleable area Project1 saleable area2 (%) no. of units2 units (consolidation)3 (consolidation)3 (’000 sqm) (’000 sqm) New Beith - L, QLD 100 2,153 2,153.0 913.8 9
Slide 87: Frasers Property Australia: Retail – Land bank
Frasers Property Australia Retail – Land bank Site Effective share (%) Estimated total saleable area (’000 sqm) Wyndham Vale (Mambourin, Stage 1), VIC 100 7.2 We are Frasers Property 87
Slide 88: Frasers Property Australia: Build-to-Rent – Notes on profit recognition
Frasers Property Australia Build-to-Rent – Notes on profit recognition Effective share Total no. Target Project1 (%) of units2 completion date Fortitude Valley (Brunswick & Co.) – HD, QLD 100 366 2Q FY25 1. L – Land, H/MD – Housing / medium density, HD – High density, R – Mixed use retail. 2. Includ
Slide 89: Frasers Property Industrial: Notes on profit recognition
Frasers Property Industrial Notes on profit recognition Australia - Development for internal pipeline Effective share (%) Total area (’000 sqm) % to go Target completion date The YARDS, Kemps Creek West, (Techtronic Industries (TTI)), NSW 49.9 74.1 16 1Q FY24 1 Vantage Yatala, Stapylton, (Prelease1
Slide 90: Frasers Property Industrial: Notes on profit recognition
Frasers Property Industrial Notes on profit recognition Australia - Development for third party sale Effective share (%) Total area (’000 sqm) % to go Target completion date Macquarie Exchange, MQX4, Macquarie Park (Ascendas REIT), NSW 50 19.5 4 1Q FY24 EU - Development for internal pipeline Effecti
Slide 91: Frasers Property Industrial: Land bank
Frasers Property Industrial Land bank Estimated total saleable area Australia - Industrial Effective share (%) Type (’000 sqm) Kemps Creek East, NSW 100 Industrial 576.7 Horsley Park, NSW 100 Industrial 335.5 Stapylton, QLD 100 Industrial 303.9 Craigieburn, VIC 100 Industrial 271.3 Epping, VIC 100 I
Slide 92: Frasers Property Industrial: Land bank
Frasers Property Industrial Land bank Estimated total saleable area EU - Industrial Effective share (%) Type (’000 sqm) Gunzburg, Germany1 94.9 Industrial 97.0 Gaggenau, Germany1 100 Industrial 78.8 Bemmel (Stage 2), the Netherlands 100 Industrial 53.0 Landsberg, Germany 100 Industrial 50.6 1. Opera
Slide 93: Frasers Property Thailand: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Project Effective share (%) Total no. of units1 % of units sold saleable area Target completion (’000 sqm) date De Pine 59.4 213 99.5 99.1 Completed Golden Prestige Watcharapol-Sukhaphiban 59.4 152 99.3 38.3 Complete
Slide 94: Frasers Property Thailand: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Project Effective share (%) Total no. of units1 % of units sold saleable area Target completion (’000 sqm) date Golden Neo Khonkaen-Bueng Kaennakhon 59.4 261 67.4 22.7 3Q FY24 Grandio Suksawat-Rama 3 59.4 96 69.8 24.
Slide 95: Frasers Property Thailand: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Project Effective share (%) Total no. of units1 % of units sold saleable area Target completion (’000 sqm) date Golden Town Ngamwongwan-Khae Rai 59.4 321 64.5 23.9 1Q FY26 Golden Town Petchkasem 81 59.4 314 55.4 23.3
Slide 96: Frasers Property Thailand: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Project Effective share (%) Total no. of units1 % of units sold saleable area Target completion (’000 sqm) date Golden Neo Sukhumvit-Lasalle 59.4 154 37.0 25.4 3Q FY27 Golden Town Chiang Mai-Kad Ruamchok 59.4 398 41.
Slide 97: Frasers Property Thailand: Residential – Notes on profit recognition
Frasers Property Thailand Residential – Notes on profit recognition Estimated total Project Effective share (%) Total no. of units1 % of units sold saleable area Target completion (’000 sqm) date Grandio - Future Rangsit 59.4 258 4.7 67.8 4Q FY33 Golden Town Rangsit – Klong 3 59.4 495 22.8 35.4 1Q F
Slide 98: Frasers Property Thailand: Residential – Land bank
Frasers Property Thailand Residential – Land bank Effective share Site Estimated total no. of units1 Estimated total saleable area (’000 sqm) (%) Bangna 59.4 1 5.2 Rama 2 59.4 844 88.7 Chiangrai 59.4 371 70.1 Ramintra 59.4 132 12.9 Rangsit 59.4 781 148.6 Sukhumvit 59.4 533 69.2 Ladphrao-Kasetnawamin
Slide 99: Frasers Property Thailand: Industrial & Logistics – Notes on profit recognition
Frasers Property Thailand Industrial & Logistics – Notes on profit recognition Development for internal pipeline Effective share (%) Total area (’000 sqm) Target completion date Bangkok Logistics Park, Puchaosamingprai Samutprakarn 44.7 31 2Q FY24 Frasers Property Logistics Center Bangplee 7 Samutpr
Slide 100: Frasers Property Thailand: Industrial & Logistics – Land bank
Frasers Property Thailand Industrial & Logistics – Land bank Site Effective share (%) Type Total land area (’000 sqm) Northern Bangkok 59.6 Industrial 195 Central Region 59.6 Industrial 80 Eastern Region 59.6 Industrial 234 Outer Region 59.6 Industrial 723 Northern Bangkok 59.6 Logistics 732 Central
Slide 101: Frasers Property China: Notes on profit recognition
Frasers Property China Notes on profit recognition1 Estimated gross Estimated effective Effective share Gross total Effective total % of units total saleable area total saleable area Target Project (%) no. of units2 no. of units3 sold4 (’000 sqm) (’000 sqm) completion date Baitang One (Phase 3B), Su
Slide 102: Frasers Property China: Land bank
Frasers Property China Land bank Estimated gross total Estimated effective total Estimated gross total Estimated effective total Site Effective share (%) no. of units1 no. of units2 saleable area1 (’000 sqm) saleable area2 (’000 sqm) Chengdu Logistics Hub (Phase 2A), Chengdu 80 1793 179 81 81 Gemdal
Slide 103: Frasers Property UK: Notes on profit recognition
Frasers Property UK Notes on profit recognition1 • Frasers Property UK Estimated total saleable Target completion Residential Project Effective share (%) Total no. of units2 % of units sold area (’000 sqm) date Seven Riverside Quarter 100 87 93% 8.4 Completed Nine Riverside Quarter 100 172 71% 18.6
Slide 104: Inspiring experiences, creating places for good.
Inspiring experiences, creating places for good.