ESR Yokohama Sachiura Distribution Centre, Japan FORTIFYING OUR BALANCE SHEET STRENGTH ESR has a robust and well-capitalised balance sheet and a healthy gearing of 22.8% as of 31 December 2022. Throughout the year, the Group continued to expand and diversify its funding and capital structure which is crucial for fuelling the Group’s long-term growth. The Group remains focused on its asset-light approach through capital recycling of balance sheet assets to ESR-managed funds in FY2022. US$156 billion1 Total AUM US$1.8 billion Strong liquidity position AA- / stable Japan Credit Rating US$1.7 billion Divestments from B/S assets –>3x of annual target 3.2 US cents Maiden full year dividend per share2 1.9%3 Dividend Yield Notes: 1. Based on constant FX translation as of 31 December 2021 for a likefor-like comparison. Based on FX translation as of 31 December 2022, total AUM would be US$145 billion (US$11 billion FX translation impact). 2. The Board of Directors declared an interim dividend of HK$12.5 cents (approximately (1.6 US cents per share) per ordinary share and a final dividend of HK$12.5 cents (approximately (1.6 US cents per share) per ordinary share for the financial year ended 31 December 2022, amounting to a total of approximately US$141 million for FY2022. 3. Based on closing share price of HK$13.26 on 21 March 2023.
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