EC World Real Estate Investment Trust : Presentation Slides For The Annual General Meeting To Be Held On 27 April 2022

Disclaimer

This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. 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, competition from other developments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training costs), 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 on future events.

The information contained in this presentation has not been independently verified. No representation or warranty expressed 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 EC World Asset Management Pte. Ltd. (the "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, reliance or distribution of this presentation or its contents or otherwise arising in connection with this presentation.

The forecast performance of EC World Real Estate Investment Trust ("EC World REIT") is not indicative of the future or likely performance of EC World REIT. The forecast financial performance of EC World REIT is not guaranteed.

The value of units in EC World REIT ("Units") and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the Singapore Exchange Securities Trading Limited (the "SGX-ST"). It is intended that unitholders of EC World REIT may only deal in their Units through trading on the SGX-ST. Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.

Agenda

Section A	Key Highlights
Section B	Financial Review
Section C	Portfolio Management

FY2021 Key Highlights

•  Gross revenue and NPI increased by 14.4% and 12.7% to S$125.5 million and S$113.0 million year-on-year respectively mainly due to absence of rental rebates given to tenants in FY2020

•  Distribution to Unitholders of S$50.6 million (17.4%) mainly due to higher NPI

•  Manager voluntary provided one-off waiver of performance fee to the extent of rental

  Financials and Distributions

  rebate provided in FY2020

•  DPU of 6.263 cents for FY2021, 16.9% higher than FY2020

•  Stable occupancy of 99.2%

•  Weighted average lease to expiry (WALE) of 2.7 years (by gross rental income)

•  Resilient portfolio value: marginal decline of 1.6% in RMB terms. In SGD terms, ECW's portfolio increase by 3.1% due to by appreciation in RMB

  Asset Management

•  Compulsory Expropriation of Fu Zhuo Industrial, a port asset by the local government

•  All-in running interest rate for FY2021 of 4.0%

•  Weighted Average Term of Debt Expiry of 0.63 years

  Capital and Debt Structure

•  Refinancing in progress