Ascendas India Trust : Presentation Slides

Ascendas India Trust

1H FY 2022 Financial Results Presentation

1 August 2022

Disclaimer

This presentation on a-iTrust's results for the 6-month period ended 30 June 2022 ("1H FY 2022") should be read in conjunction with a- iTrust's half-yearly results announcement, a copy of which is available on www.sgx.comor www.a-iTrust.com.

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 Property Fund Trustee Pte. Ltd. ("Trustee-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 India Trust ("a-iTrust") is not indicative of future performance. The listing of the units in a-iTrust ("Units") on the Singapore Exchange Securities Trading Limited (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 Trustee-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 Trustee-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.

All measurements of floor area are defined herein as "Super Built-up Area" or "SBA", which is the sum of the floor area enclosed within the walls, the area occupied by the walls, and the common areas such as the lobbies, lift shafts, toilets and staircases of that property, and in respect of which rent is payable.

The Indian Rupee and Singapore Dollar are defined herein as "INR/₹" and "SGD/S$" respectively.

Any discrepancy between individual amounts and total shown in this presentation is due to rounding.

As c endas India Trus t

1H FY 2022 Financ ial Res ults Pres entation

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1H 2022 Key Financial Highlights

Higher occupancy of 90% for 1H FY 2022; DPU grows 2% y-o-y and 19% over 2H FY 2021
NPI continues to grow	DPU increases
	6%	83.4
			4.20		4.28
	78.5		19%
77.3
				3.60
1H 2021	2H 2021	1H 2022	1H 2021	2H 2021	1H 2022

in S$ millions

in Singapore cents

As c endas India Trus t	1H FY 2022 Financ ial Res ults Pres entation	3

1H 2022 Key Operational Highlights

OCCUPANCY	ASSETS UNDER	SUSTAINABILITY-
	MANAGEMENT	LINKED FINANCING
90%	S$2.5 billion	S$400 million
Increased from 87% in	Acquired Arshiya	New sustainability-linked
December 2021	Warehouse 7 and	loans signed in 20221
	Industrial Facility at MWC

All information as at 30 June 2022

1. Sustainability-linked loans account for ~55% of the total loan books on a fully drawn down basis.

As c endas India Trus t

1H FY 2022 Financial Results Presentation

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1H 2022 Key Operational Highlights

1.3 million sq ft	>60%
leased or renewed	2022 lease expiries have
in 2022	been renewed

	PHYSICAL ATTENDANCE
				36%
		11%	13%
	5%
1%
Jun-21	Sep-21	Dec-21	Mar-22	Jun-22
	Park population improved from 1% last year to 36%

39	>0.5 million sq ft
new tenants added to	leasing pipeline
the portfolio in 2022

IMPROVEMENTS IN OCCUPANCY

95%				94%		94%
91%		87%	89%	92%
	65%	83%					58%
							54%
ITPB	ITPC	CyberPearl	ITPH	Building Q1
	Dec-21	Jun-22	Post-Quarter Commitment

As c endas India Trus t	1H FY 2022 Financ ial Res ults Pres entation	5