Operations Review FORWARD TOGETHER 28 AT A GLANCE FY2022 KEY HIGHLIGHTS • Total AUM of US$156 billion1 • New Economy AUM of US$73 billion1 • Portfolio GFA over 45 million sqm2 • Strong repeat support from world’s top investors with 12 of Global Top 20 LPs Notes: 1. Based on constant FX translation as of 31 December 2021 for a like-for-like comparison. Based on FX translation as of 31 December 2022, total AUM would be US$145 billion (US$11 billion FX translation impact), New Economy AUM would be US$68 billion (US$5 billion FX translation impact) and Fund AUM would be US$142 billion (US$10 billion FX translation impact). 2. Includes GFA held on balance sheet and in the funds and investment vehicles that managed as of 31 December 2022. #1 REAL ASSET INVESTMENT MANAGER IN ASIA POWERED BY THE NEW ECONOMY The completion of the acquisition of ARA has vastly expanded the scale, capabilities, offerings and resources of ESR. As APAC’s largest real asset manager and the third largest listed real estate investment manager globally with a total AUM1 of US$156 billion, the ESR Group maintains a dominant leadership position with approximately 85% of its AUM allocated in APAC. With the addition of LOGOS, ESR Group cements its position as APAC’s largest New Economy real estate platform with a leading position in every key market in APAC with the ability to offer a comprehensive pan-Asia solution to its customers and capital partners. We use in-house capabilities to source, design, construct, lease and manage modern logistics facilities primarily in Tier 1 and Tier 1.5 cities across Asia and our geographic presence extends across more than 95% of GDP in Asia Pacific. ESR Group is the only player with leadership presence across APAC and is powered by fully integrated and localised teams. OUR THREE PILLARS OF BUSINESS ESR uses capital to acquire land and finance the development of logistics properties. The capital comes either from our balance sheet or the funds and investment vehicles that we manage alongside our institutional capital partners. Ultimately, when the properties are built and stabilised, the assets are sold (often to other institutional capital partners so that we can retain the management and tenant relationships) and we recycle our portion of the sales proceeds to develop new projects. Based on our products and services, we have three reportable operating segments: development, fund management and investment. ROBUST DIGITAL INFRASTRUCTURE PLATFORM-DATA CENTRES Data centres are a key strategic focus for ESR as the Group seeks to build a broader New Economy real estate platform. ESR has built a solid foundation for its data centre platform through strategic acquisitions of prime assets in FY2022. The Group has the largest APAC dedicated data centre fund in the region. The data centre fund first closed at US$1 billion, and is expected to be upsized in the first half of 2023. The fund is expected to be Cosmosquare OS1 Data Centre, Osaka, Japan
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