FY 2023 GROSS PROFIT BY CONTRACT TYPE Growth Income: 44% Gross Profit: S$338.2 million Contract types with a fixed / minimum rent component Master Leases France 9% Japani 6% Germany 4% Australia 3% South Korea 2% MCMGI UK 8% Singapore 4% Belgium 2% Spain 2% Ireland <1% Management contracts of longer-stay assets Student Accommodation USA 10% Rental Housing Japan 6% Management contracts of serviced residences and hotels USA 14% Australia 12% Vietnam 5% Japan 4% Singapore 4% The Philippines 2% China 2% Indonesia 1% Malaysia <1% i Includes Eslead College Gate Kindaimae, a student accommodation in Japan under master lease. PORTFOLIO OVERVIEW LARGEST LODGING TRUST IN ASIA PACIFIC CLAS’ portfolio comprises 106 properties1 with more than 19,000 units in 45 cities across 16 countries. These include serviced residences, hotels/business hotels, rental housing and student accommodation properties, serving a wide spectrum of guests with varying accommodation needs. Our properties are mainly located in key gateway cities across Australia, Belgium, China, France, Germany, Indonesia, Ireland, Japan, Malaysia, the Philippines, South Korea, Singapore, Spain, United Kingdom, USA and Vietnam. Apart from being popular destinations with international travellers, many of these countries also have large domestic markets. CLAS’ properties are well located near CBDs, manufacturing hubs or tourist landmarks, and enjoy convenient access to transportation nodes and amenities. CLAS’ scale and geographic diversification enables us to be resilient, as the portfolio is not subjected to concentration risk. Our portfolio is anchored in Asia Pacific, where we have built up our capabilities and track record, and where there remain significant opportunities for growth. As at 31 December 2023, approximately 56% of CLAS’ total assets are in Asia Pacific, 24% in Europe and 20% in the Americas. 1 As at 31 December 2023, including Somerset Liang Court Property Singapore which is under development. TOTAL ASSETS BY GEOGRAPHY As at 31 December 2023 MARRYING STABILITY AND GROWTH In addition to being diversified across geographies and asset classes, CLAS has a balanced mix of stable and growth income sources which enables us to deliver sustainable returns to our Stapled Securityholders. Stable Income For FY 2023, approximately 56% of CLAS’ gross profit was from stable income sources, comprising master leases, management contracts with minimum guaranteed income (MCMGI) and longer-stay accommodation (rental housing and student accommodation properties). Master leases and MCMGI have a fixed or minimum rent component, which provides income stability to CLAS. Asia Pacific 56% n Australia 12% n China 3% n Indonesia 2% n Japan 16% n Malaysia <1% n The Philippines 2% n Singapore 17% n South Korea 2% n Vietnam 2% Europe 24% n Belgium 1% n France 7% n Germany 3% n Ireland 1% n Spain 1% n United Kingdom 11% The Americas 20% USA 20% Asia Pacific 56% The Americas 20% Europe 24% Total Assets: S$8.7 billion Stable Income: 56% 26 CAPITALAND ASCOTT TRUST
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