Frasers Property : 3Q FY2021 Business Updates

Samyan Mitrtown, Bangkok, Thailand

Business updates presentation

for the third quarter and nine months ended 30 June 2021

6 August 2021

• 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, performance or achievements of
  Frasers Property Limited ("Frasers Property" or the "Company") and its subsidiaries (together with Frasers Property, the "Group"), or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements and financial information. Such forward-looking statements and financial information are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. Because these statements and financial information reflect Frasers Property's current views concerning future events, these statements and financial information necessarily involve risks, uncertainties and assumptions. Actual future performance could differ materially from these forward-looking statements and financial information as a result of these risks, uncertainties and assumptions and you are cautioned not to place undue reliance on these statements and financial information.
• Frasers Property expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement or financial information contained in this presentation to reflect any change in Frasers Property's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement or information is based, subject to compliance with all applicable laws and regulations and/or the rules of the
  Singapore Exchange Securities Trading Limited (the "SGX-ST") and/or any other regulatory or supervisory body or agency.
• This presentation includes market and industry data and forecast that have been obtained from internal survey, reports and studies, where appropriate, as well as market research, publicly available information and industry publications. Industry publications, surveys and forecasts generally state that the information they contain has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of such included information. While Frasers Property has taken reasonable steps to ensure that the information is extracted accurately and in its proper context, Frasers Property has not independently verified any of the data from third party sources or ascertained the underlying economic assumptions relied upon therein.
• Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your independent advisors.
• Any discrepancies in the figures included herein between the listed amounts and total thereof are due to rounding.

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Key highlights

Focused on operational resilience and financial discipline

Stable investment property

portfolio across industrial & logistics, business parks, commercial and retail

• Driving occupancies through active leasing efforts and WALE underpinned by quality tenants
• Suburban retail assets in Singapore continue to demonstrate resilience
• Stable industrial & logistics development pipeline provides visibility of delivering further growth

Delivering quality residential developments

• Steady sales activity and settlements
• Actively managing timeline of developments amid challenging operating conditions
• Pre-soldrevenue of S$1.8 billion across Singapore, Australia, China and Thailand

Actively managing hospitality portfolio

• Properties with long stay base continue to demonstrate resilience
• Developing recovery plans amid evolving COVID-19 pandemic situation
• Continued emphasis on improving customer experience

Healthy balance sheet

• Improved balance sheet metrics
• Continuation of proactive actions to manage gearing and extend debt maturities
• Recycling of capital through REITs platform and capital partnerships, generating fee income from asset management

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Investment properties in Singapore remain resilient

Retail and commercial portfolio metrics improved

• Stable investment property portfolio metrics
  Healthy retail occupancy at 93.9% on an enlarged portfolio, underpinned by resilience of suburban malls
  Improved commercial occupancy at 93.5%, supported by proactive leasing strategy and tenant engagements
• Optimising capital productivity through REITs platform
  Completed sale of stake in ARF to FCT on 27 October 2020
  Divestment of non-core assets by FCT (sales of Anchorpoint and YewTee Point completed on 22 March 2021 and 28 May 2021 respectively)
• Strengthening retail management capabilities and reinforcing support for tenants and shoppers
  Launch of Frasers eStore to improve retail experience; omnichannel approach to enhance user experience
  Targeted rental assistance to tenants

Retail portfolio metrics1	9M FY21	9M FY20	Change
AOR2	93.9 %	86.7%	N/M4
Leases due to expire3	7.4%	5.6%	N/M4
Commercial portfolio metrics5	9M FY21	9M FY20	Change
AOR2	93.5%	86.7%	▲ 6.8 pp
Leases due to expire3	3.4%	2.3%	▲ 1.1 pp

Waterway Point, Singapore

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Delivering quality residential developments in Singapore

Current projects continue to see steady progress

• Steady sales activity for Rivière

~27.9% units sold1 as of 30 June 2021

Target to obtain Temporary Occupation Permit in 1H FY23

• Planned launch of Parc Greenwich EC on track Target project sales launch by end 2021
  Currently undergoing construction of foundation and basement
• Further progress for redevelopment of Bedok Point mall2 Planning in progress for proposed redevelopment into a
  residential project with commercial units on the ground floor
  Provisional permission granted by URA on 24 February 2021

Residential portfolio activity in 9M FY21
Units sold3,4	102
Unrecognised revenue5	S$0.1 b

Artist's impression - Parc Greenwich EC, Singapore

Parc Greenwich

• 496-unitEC at Fernvale Lane
• Targeted launch by end 2021

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