Assembly Place Holdings Ltd. · SGX:TAP
Assembly Place — The Assembly Place Holdings — IPO Roadshow (January 2026)
55 slides from Assembly Place's IPO roadshow presentation, January 2026
Slide 1: Corporate Presentation January 2026
Corporate Presentation January 2026 1
Slide 2: Disclaimer
Disclaimer This presentation is prepared for information purposes only, without regard to the objectives, financial situation nor needs of any specific person. Neither this presentation nor any of its content may be distributed, reproduced, or used without the prior written consent of The Assembly P
Slide 3: At a Glance
”Best Co- Named 100 property assets Approximately Living Operator” 3,422 keys (1) and growing (1) 5 years in a row by PropertyGuru Asia Ranked #8 in 6 Brands, 5 Living Intends to expand to over 10,000 keys by end- Singapore’s Fastest Growing Companies 2025 in a list compiled Sectors by The Straits T
Slide 4: Key Investment Merits
1 Singapore’s largest and most diversified Community Living operator(1) Key Investment 2 Community-driven approach and proprietary technology Merits 3 Scalable growth fueled by an asset-light model and in-house capabilities Experienced leadership with proven industry track record and 4 capabilities
Slide 5: Who We Are
Since its inception in 2021, The Assembly Place has expanded its operation to Who managing approximately 3,422 keys(1). The Assembly Place has grown into an award-winning co-living operator We which is now the largest and most diverse Community Living operator in Singapore(2). Are Beyond its operati
Slide 6: Our Journey
Our Journey AWARDS OPERATIONAL KEYS TREND HIGHLIGHTS Property Guru Asia Property Awards Number of Keys under • Best Co-Living Operator Management & Operation • Best Co Living Space - Winner • Grew to 311 keys spanning over 15 • Best Co Living Space - Highly 2021 property assets Commended award 3422
Slide 7: 6 Brands 5 Living Sectors
Residential Co-Living Hotels & Serviced Apartments 6 Brands 5 Living Students’ Accommodation Inter-generational Living Sectors Supervised Homestay Accommodation Foreign Healthcare Professionals’ Accommodation • TSTAP: Operated by associated company TSTAP Residence, a 20%-owned joint venture with TS
Slide 8: Singapore's largest Community Living operator
We manage and operate approximately 3,422 keys across 6 brands and 5 living sectors as at 17 December 2025 1,080 keys 308 keys 428 keys 25 keys 273 keys 1,308 keys Supervised homestay Singapore’s first Professionally managed Hotels and hostels under Premium purpose-built spaces for upper-primary com
Slide 9: Singapore's largest Community Living operator
Since our inception in 2019, we have grown to become the largest Community Living operator in Singapore Typologies of Community Living Sectors in Singapore Market Share by Number of Keys Leased & Operated (1)(2)(3) by the Leading Community Living Operators Community Living in Singapore exists in mul
Slide 10: Market Drivers
High Urban Density and Land Constraint - High housing cost and limited land supply - Inflationary cost pressures and increasing housing rental rates Global Business and Education Hub Market - Steady inflow of foreign expats and international students (E-pass, S- pass Holders) - Increasing demand for
Slide 11: Market Drivers
Estimated Addressable Market Value of the Living Sectors Residential Co-living Hotel and Serviced Apartments 1H2025 2030F 2024 2030F S$8.6 billion S$9.7 billion S$2.2 billion S$2.5 billion Market Drivers: growth of E-pass holders and private non- landed residential rental market trends Drivers: upco
Slide 12: Residential Co-Living
Mill@32 161 Lavender 96 Owen Residential Co-Living Feng Lai Mansion 257 Outram Road 138 – 142 Jalan Besar Shared Living for Modern Communities 272 East Coast Road 77A & 79A Dunlop 64 Horne Road
Slide 13: Residential Co-Living
Residential Co-Living Shared Living for Modern Communities Serene Centre • 2 Levels of Retail Podium • 86 Rooms Service Apartments 2025 PropertyGuru Asia Property Awards Best Co-Living Space – Serene Living
Slide 14: Students' Accommodation
Students’ Accommodation Purpose-Built Student Accommodation 116 Lorong J & 119 Lorong K Telok Kurau
Slide 15: Homestay Accommodation
Homestay Accommodation Premier Homestay Student Accommodation 121, 123 & 125, 127 Woodleigh Park
Slide 16: Foreign Healthcare Professionals' Accommodation
Foreign Healthcare Professionals’ Accommodation Joint Venture with TS Group Joint venture between TS Group and TAP (TSTAP consortium) awarded sites designated by the Ministry of Health Holdings (MOHH) for the accommodation of foreign healthcare professionals. 1A Short Street Sites Awarded - 1A Short
Slide 17: Hotels and Serviced Apartments
Hotels and Serviced Apartments Hospitality 261 Outram – 2025 PropertyGuru Asia Property Awards Best Boutique Hotel Development
Slide 18: Hotels and Serviced Apartments
Hotels and Serviced Apartments Hospitality 9 Jalan Besar
Slide 19: Hotels and Serviced Apartments
Hotels and Serviced Apartments Hospitality 25A Perak 58 Stevens
Slide 20: Inter-generational Living
Inter- generational Living Joint Venture with TS Group *Artist impression for visual representation only. 98 Henderson Road Subject to change
Slide 21: Diversified Portfolio across sectors and locations
TAP manages and operates the most diverse portfolio of asset typologies among the Community Living operators Target All students Locations of The Assembly Place’s Portfolio in Singapore Healthcare Seniors and Based on the Industry Report prepared by Knight Frank customer All ages All ages with valid
Slide 22: Upcoming Pipeline
Upcoming 610 Pipeline Number of keys upcoming Singapore: 544 keys • 400 River Valley Road • 63 South Bridge Road • 65 South Bridge Road • 101 Lavender • 163 Tras Street • 259 Outram Malaysia: 66 keys • Kuala Lumpur, Bangsar
Slide 23: Upcoming Pipeline
Upcoming Pipeline River Valley Apartments: 63 & 65 South Bridge Road 101 Lavender • Serviced Apartment • Hostel • Hostel Apartment Serviced
Slide 24: Upcoming Pipeline
Upcoming Pipeline 101 Lavender • Hostel 163 Tras Street 259 Outram • Hotel, 10% shareholding stake • Hotel under SOCIAL by The Assembly Place
Slide 25: Upcoming Pipeline
Upcoming Pipeline Kuala Lumpur, Bangsar • Hotel • 66 keys 101 Lavender • Hostel *Artist impression for visual representation only. Subject to change
Slide 26: Project & Property Management
Project & Property Management Capabilities TAP @ Duke Residences TAP @ Duke Residences Experienced development management capabilities to ensure successful delivery of projects. • Project Planning • Stakeholder Coordination 96 Owen Hafary House • Regulatory and Authorities compliance • Cost Manageme
Slide 27: Investments
Investments 538 Geylang 456 Balestier 236 – 244 Geylang 1 Bedok Central
Slide 28: Key Investment Merits
1 Singapore’s largest and most diversified Community Living operator Key Investment 2 Community-driven approach and proprietary technology Merits 3 Scalable growth fueled by an asset-light model and in-house capabilities Experienced leadership with proven industry track record and 4 capabilities 5 U
Slide 29: Building a Community
Building a Community Community Events hosted and organized by The Assembly Place, with strong tie-ups with different partners Tiramisu Build a Bear Halloween Movie Nature Expedition Workshop Workshop Night • Festive Season • TAP Halloween Movie Night • TAP Celebrates Christmas • Huat with TAP for Ch
Slide 30: Proprietary technology boosted operational efficiency with a lean team
Proprietary technology boosted operational efficiency with a lean team • Lean team of only 42 employees to manage a portfolio of approximately 3,422 keys(1) • Low employee-to-key ratio of approximately 1:81 • In-house developed CRM system and TAP App − Centralised system to monitor service requests
Slide 31: Software As A Service
Software As A Service Man-power Lean Real-time data sync from CRM on room availability on website Website TAP CRM DEMO Accounting System E-signing System • Lease Documentations. Invoices, TAP APP Payment Tracking, Maintenance Requests & Announcements • Stored and managed through the CRM System 31
Slide 32: Key Investment Merits
1 Singapore’s largest and most diversified Community Living operator Key Investment 2 Community-driven approach and proprietary technology Merits 3 Scalable growth fueled by an asset-light model and in- house capabilities Experienced leadership with proven industry track record and 4 capabilities 5
Slide 33: Scalable growth fueled by an asset-light model and in-house capabilities
Scalable growth fueled by an asset-light model and in-house capabilities Asset-light business Low capital In-house model outlay capabilities • In-house capabilities in • Property assets secured • Ability to scale without the interior design, under direct lease significant capital outlay procurement
Slide 34: Growing performance since inception
Growing performance since inception Keys under management and Revenue (S$’000) Average Occupancy Rate(2) operation (1) 3422 93.4% 90.6% 91.0% 94.4% 18,941 14,329 2106 1642 6,870 882 311 FY2021 FY2022 FY2023 FY2024 LPD FY22 FY23 FY24 FY2022 FY2023 FY2024 LPD From 331 keys in 2021, TAP grew to manage
Slide 35: Profit and Loss Highlights
Profit and Loss Highlights Audited Unaudited FY2022 vs. FY2023 (S$’000) FY2022 FY2023 FY2024 1H2024 1H2025 • Increase in revenue from FY22-FY23 is attributable to increase in revenue from Revenue 6,870 14,329 18,941 8,109 11,647 the Community-driven stays segment from additional pipelines added in F
Slide 36: Balance Sheet Highlights
Balance Sheet Highlights Key balance sheet items(1) Audited Unaudited FY2024 (S$’000) FY2022 FY2023 FY2024 1H2025 Total non-current assets 17,107 27,357 44,736 59,135 • External debt, under other non-current financial liabilities, amounted to approximately S$0.26 million, representing 1.2% of total
Slide 37: Summary of Cash Flows
Summary of Cash Flows FY2022 Audited Unaudited • There was a net decrease of approximately S$3.41 million in cash and cash equivalents, comprising of: (S$’000) FY2022 FY2023 FY2024 1H2024 1H2025 • S$4.82 million net cash flows generated from operating activities mainly due to operating cash inflow b
Slide 38: Healthy capital structure for future growth and strategic investments
Healthy capital structure for future growth and strategic investments Financial position with minimal external debt as at 30 June 2025 S$1.51 million net cash(1) Achieved returns on co- Financial flexibility to pursue Industry knowledge and investments future opportunities proven capabilities in pro
Slide 39: Key Investment Merits
1 Singapore’s largest and most diversified Community Living operator Key Investment 2 Community-driven approach and proprietary technology Merits 3 Scalable growth fueled by an asset-light model and in-house capabililties Experienced leadership with proven industry track record and 4 capabilities 5
Slide 40: Our Team
OUR TEAM Board and Key Management 40
Slide 41: Our Key Management Team
Our Key Management Team Chief Financial Officer Tan Yee Chin • Over 15 years’ experience in finance and auditing • Ex-Group Planning & Controllership Team, GLP Group • Ex-Financial Controller, JFE Engineering (S) Pte Ltd • Ex-Audit Manager, KPMG LLP • Holder of ACCA & Certified Public Accountant of
Slide 42: Board of Directors
Board of Directors Eric Low Lim Wah Fong Lien Choong Luen Lee Li Meng Lead Independent Director Independent Director Independent Director Chairman Executive Director, Oxley Holdings Limited Independent Director of Mainboard- General Manager of Gojek Chief Strategy Officer at Razar (Asia Non-Executiv
Slide 43: Awards Accolades
AWARDS ACCOLADES Our Recognition 43
Slide 44: Best Co-Living Operator for 5 Consecutive Years
Best Co-Living Operator for 5 Consecutive Years 2025 Best Co-Living Operator Award Best Co-Living Space – Serene Living Best Boutique Hotel Development – SOCIAL on Outram Best Landed House Development – Springleaf Collection
Slide 45: Best Co-Living Operator for 5 Consecutive Years
Best Co-Living Operator for 5 Consecutive Years 2024 2023 Best Co-Living Operator Award Best Co-Living Operator Award Best Co-Living Space – Hafary House managed by Best Co-Living Space (Winner) – CAMPUS by The Assembly Place The Assembly Place Best Co-Living Space (Highly Commended) – Duke Residenc
Slide 46: Best Co-Living Operator for 5 Consecutive Years
Best Co-Living Operator for 5 Consecutive Years 2021 2022 Best Co-Living Operator Award Best Co-Living Operator Award Best Co-Living Space (Winner) – 96 Owen Best Heritage Co-Living Space (Highly Commended) Best Co-Living Space (Highly Commended) – 138 – 142 Jalan – A Co-Living Hostel @ Perak Besar
Slide 47: Singapore's Fastest Growing Companies
Singapore’s Fastest Growing Companies
Slide 48: Strong Media Presence & Public Visibility
Strong Media Presence & Public Visibility
Slide 49: Business Strategies and Future Plans
Deepen and broaden footprint within Singapore and expansion across living sectors Maintain and Strengthen Market Leader Position Expansion of portfolio to over 10,000 keys by end 2030 Business Through direct lease agreements, joint venture and/or strategic alliances and expansion overseas Strategies
Slide 50: Key Investment Merits
1 Singapore’s largest Community Living operator Key Investment 2 Community-driven approach and proprietary technology Merits 3 Scalable growth fueled by an asset-light model Experienced leadership with proven industry track record and 4 capabilities 5 Undemanding value proposition 50
Slide 51: Overview of Invitation Statistics
Overview of Invitation Statistics Invitation Price S$0.23 per share Market Capitalisation Cornerstone Shares S$6.8 million S$88.1 million Invitation Shares S$11.6 million Gross Proceeds Cornerstone Shares & Invitation Shares S$18.3 million (to Company) S$12.7 million New Shares S$12.7 million Vendor
Slide 52: Shareholdings
Shareholdings Based on S$88.1 million Market Capitalisation As at LPD After Invitation and Cornerstone Tranche % % Mr Eric Low 30.1 25.7 Mr Eugene Lim 29.2 24.9 (1) Other Existing Shareholders 40.7 29.5 (2) SAC Capital - 0.2 19.9% new Cornerstone Investors - 6.6 public float Public Shareholders from
Slide 53: Shareholdings - Moratorium
Shareholdings - Moratorium Based on S$88.1 million Market Capitalisation Shares Under Moratorium at IPO Shares Not Under Moratorium at IPO % % Mr Eric Low 25.7 - Mr Eugene Lim 24.9 - (1) (2) Other Existing Shareholders 28.1 1.3 (3) SAC Capital 0.2 - Cornerstone Investors - 6.6 Public Shareholders fr
Slide 54: IPO Timeline
Registration, open of offer period 15 Jan 2026 IPO Timeline Close of offer period Listing on Catalist 21 Jan 2026 23 Jan 2026 54
Slide 55: Thank You
ASSEMBLY PLACE SOCIAL COMMUNITY LIVING Thank You CAPITAL
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