Fixed versus Floating Rate Profile As at 31 December 2024 As at 31 December 2023 S$’million % S$’million % Fixed Rate 2,454.2 77 2,459.0 81 Floating Rate 719.3 23 589.4 19 Total 3,173.51 100 3,048.41 100 1 Net of unamortised transaction costs. The fixed rate loans take into account the interest rate swaps and cross currency interest rate swaps which were entered into to convert floating rate loans to fixed rate loans. As at 31 December 2024, S$2,454.2 million3 or 77% of CLAS’ borrowings were on fixed interest rates, including S$274.7 million3 due for refinancing in 2025, in line with the maturity dates of the underlying loans. Debt by Currency Profile As at 31 December 2024 As at 31 December 2023 SGD USD JPY GBP EUR KRW RMB TOTAL 41 21 20 10 7 1 <1 100 1,286.0 672.7 638.4 309.0 222.5 30.6 14.3 3,173.5 Currency S$’million % SGD USD JPY EUR GBP KRW RMB TOTAL 28 26 23 11 10 1 1 100 855.6 792.4 716.3 329.3 305.6 33.3 15.9 3,048.4 Currency S$’million % 1 1 S$3,173.51 million S$3,048.41 million 1 Net of unamortised transaction costs and before taking into account the cross currency interest rate swaps to manage the exposure to foreign currency risk. On a portfolio basis, approximately 48% of CLAS’ assets denominated in foreign currency were hedged. CASH FLOWS AND LIQUIDITY CLAS takes a proactive role in monitoring its cash flow position and requirements to ensure that there is sufficient liquidity and adequate funding for distribution to Stapled Securityholders as well as to meet any short-term obligations. As at 31 December 2024, CLAS’ cash and cash equivalents was S$644.1 million, an increase of S$211.3 million over last year. Net cash generated from operating activities for FY 2024 was S$317.2 million, an increase of S$16.5 million as compared to FY 2023. In FY 2024, net cash generated from investing activities was S$176.4 million, mainly due to proceeds from the disposal of assets held for sale and investment properties, partially offset by (i) acquisition of investment properties, (ii) capital expenditure on investment properties and investment properties under development, (iii) milestone payment for acquisition of investment property and property, plant and equipment and (iv) purchase of property, plant and equipment. Net cash used in financing activities was S$260.3 million mainly due to interest payments and distribution payments to Stapled Securityholders and perpetual securities holders, partially offset by the net drawdown of borrowings. 3 Net of unamortised transaction costs. 21 Annual Report 2024
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