ASCENDAS REIT

Citi Asia Pacific Property Conference 2021 23 June 2021

Disclaimers

  • This presentation may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business.
  • You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither Ascendas Funds Management (S) Ltd ("Manager") nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this presentation or its contents or otherwise arising in connection with this presentation.
  • The past performance of Ascendas Reit is not indicative of future performance. The listing of the units in the Ascendas Reit ("Units") on the Singapore Exchange Securities Trading Limited (the "SGX-ST") does not guarantee a liquid market for the Units. The value of the Units and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager. An investment in the Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Manager redeem or purchase their Units while the Units are listed on the SGX-ST. It is intended that holders of Units may only deal in their Units through trading on the SGX-ST.
  • This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units.

2

Agenda

Overview of Ascendas Reit

4

1Q FY2021 Key Highlights

15

Investment Management

17

Proposed Acquisition of remaining 75% interest in Galaxis

22

Capital Management

28

Asset Management

32

Outlook & Strategy

41

Sustainability

43

3

Overview of

Ascendas Reit

ONE@Changi City, Singapore

Largest Singapore Industrial REIT

  • First and largest business space and industrial REIT listed on the Singapore Exchange
  • Largest Singapore Industrial Reit by AUM and Market Capitalisation
  • A constituent of many indices such as MSCI, FTSE, EPRA/NAREIT, Straits Times Index

Total Assets Under Management (As at 31 December 2020)

25,000

10,548

15,123

7,764

11,227

22,416

8,255

8,881

20,000

6,168

6,735

6,766

6,650

6,182

15,000

S$m

1,345

1,412

1,816

1,824

2,651

3,187

3,350

3,635

1,242

1,806

1,912

2,759

1,578

1,637

1,858

2,509

3,121

4,281

4,310

2,361

2,581

2,854

1,005

2,067

10,000

931

589

833

995

973

5,000

0

Sabana REIT

Soilbuild Business Space REIT

ARA Logos Logistics Trust

EC World REIT

AIMS AMP Capital REIT

Ascendas India Trust

ESR REIT

Keppel DC REIT

Cromwell European Reit

Mapletree Industrial

Frasers Logistics & Commercial Trust

Mapletree Logistics Trust

Ascendas REIT

Elite Commercial Reit

IREIT Global

Keppel KBS US Reit

Prime US REIT

Manulife US REIT

OUE Commercial REIT

Keppel REIT

Suntec REIT

CapitaLand Integrated Commercial Trust

United Hampshire US Reit

BHG Retail REIT

Lendlease Global Commercial REIT

LippoMalls Indo REIT

Sassuer REIT

Dasin Retail Trust

Starhill Global REIT

SPH REIT

CapitaLand China Trust

Frasers Centrepoint Trust

Mapletree North Asia Commercial Trust

Mapletree Commercial Trust

ARA US Hospitality Trust

Frasers Hospitality Trust

Far East Hospitality Trust

CDL Hospitality Trust

Ascott Residence Trust

First REIT

Parkway Life

Industrial

Commercial

Retail

Hospitality

Healthcare & Others

Ave: S$4.5b

Ave: S$6.3b

Ave: S$3.7b

Ave: S$3.0b

Ave: S$1.5b

Source: Bloomberg

5

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Ascendas Real Estate Investment Trust published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 09:52:03 UTC.