General Announcement::SGX-REITAS Webinar for Financial Bloggers

Ascott Residence Trust

SGX-REITAS Webinar for Financial Bloggers

lyf one-north Singapore

Important Notice

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 Ascott Residence Trust Management Limited and Ascott Business Trust Management Pte. Ltd. ("Managers") nor any of their 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 Ascott Residence Trust ("ART") is not indicative of future performance. The listing of the stapled securities in the ART ("Stapled Securities") on the Singapore Exchange Securities Trading Limited ("SGX-ST") does not guarantee a liquid market for the Stapled Securities. The value of the Stapled Securities and the income derived from them may fall as well as rise. Stapled Securities are not obligations of, deposits in, or guaranteed by, the Managers or any of their affiliates. An investment in the Stapled Securities is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Managers redeem or purchase their Stapled Securities while the Stapled Securities are listed on the SGX-ST. It is intended that holders of Stapled Securities may only deal in their Stapled Securities 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 Stapled Securities.

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Ascott Residence Trust

A proxy to the global hospitality recovery

1. Marked vaccination progress	2. Continued trend of	3. More countries reopening
for international travel
across ART's key markets	easing internal restrictions
Majority have exceeded vaccination targets	As at October, most of ART's key markets	c.60% YoY increase in international visitor
arrivals in July 2021, the strongest
and have >60% of population fully vaccinated	have eased internal Covid-19 measures
pick-up since April 20201

ART's 8 Key Markets	France	UK	USA	Japan	China	Australia	Singapore	Vietnam
2-dose / at least
68% / 76%	79% / 86%	69% / 80%	71% / 77%	76% / 84%	76% / 88%	84% / 85%	23% / 55%
1-dose vaccination rate
				State of	Tightening of	Phased easing	Differentiated
Internal				restrictions in	in New South	measures for	Cautious easing
Most restrictions lifted since 2Q 2021	Emergency lifted
restrictions	provinces with	Wales and	vaccinated and	from late Sep
			in late-Sep
				resurgence	Victoria from Oct	unvaccinated
				Reopening to
					Phased	Vaccinated
International				business trips and	Generally
	Generally open		reopening	travel lanes	Generally closed
borders			foreign students	closed
			from Nov	from Sep
				from Nov

Notes: As at November 2021

Information on vaccination rates, restrictions and reopenings are compiled from various sources

1. Source: UNWTO, "Vaccines and reopen borders driving tourism's recovery", October 2021

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Ascott Residence Trust

3Q 2021 - Fifth consecutive quarter of recovery

70		Portfolio RevPAU1 (S$)	S$70	•	Quarter-on-quarter improvement in 3Q 2021 due to higher average daily rate; portfolio
									occupancy relatively stable at mid-50%
60						+8% QoQ	• Strong domestic leisure demand in Europe and USA, and uplift from Tokyo Olympic Games
						+49% YoY
50						• Block bookings and long stays offered resilience to countries experiencing resurgence
40
30								•	Stable income sources2 contributed about three-quarters of gross profit
20								• Rental housing and student accommodation properties >95% occupied
2Q 2020	3Q 2020	4Q 2020	1Q 2021	2Q 2021	3Q 2021

ART's 8 Key Markets	France	UK	USA	Japan	China	Australia	Singapore	Vietnam
% of total assets	7%	7%	14%	20%	5%	14%	18%	3%
	N.A. as under	+45% due to	+50% due to	+108% due to	+3%3 due to	-28% due to	+13% due to	-19% due to
RevPAU1 QoQ	change in
master lease	market recovery	market recovery	Tokyo Olympics	long stay base	lockdowns	lockdowns
	contract type4
RevPAU1 YoY	N.A. as under	+276%	+85%	+784%	+21%3	+21%	-24%3 due to	-13%
master lease	lower rates

Notes: Statistics are as at/for the quarter ended 30 September 2021

1. Revenue per available unit of properties under management contracts and management contracts with minimum guaranteed income, excludes master leases, rental housing and student accommodation
2. Stable income sources include master leases, management contracts with minimum guaranteed income, rental housing and student accommodation properties
3. On a same-store basis, excluding properties acquired or divested, or changes in contract type, for a more meaningful comparison
4. Riverside Hotel Robertson Quay was converted from master lease to management contract

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Commitment to Sustainability & Corporate Governance

Aligned with CapitaLand's 2030 Sustainability Master Plan

Leadership in Sustainability

Global Sector Leader - Hotel	Ranked 1st in REITs and Business Trusts category
Global Real Estate Sustainability Benchmark 2021	Singapore Governance and Transparency Index 2021

CapitaLand's 2030 targets

(using 2008 as a base year)

Caring for Our Guests, Employees & Community

Reduce:	Increase proportion of
▪ Carbon emissions intensity to 78%	total electricity consumed
▪ Energy consumption intensity to 35%	from renewable
▪ Water consumption intensity to 45%	sources to 35%

21 green-certified properties

Target to green all properties in ART's portfolio by 2030

Maiden green loan

for the development of lyf one-north Singapore, which has obtained BCA Green Mark GoldPLUS

"Ascott Cares" commitment

Providing enhanced hygiene and safety standards, wellness support and implementing sustainable practices

• Global agreement with

Bureau Veritas to provide audits and certification for hygiene and safety standards of Ascott properties

• World's first hospitality

company to offer global telehealth, telecounselling and travel security advisory to guests

Supporting the fight against Covid-19

Providing accommodation to affected communities and helping vulnerable groups with the support of CapitaLand Hope Foundation

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