ESR AR 2019 EN

ESR is poised to grow from strength to strength. Beyond our experience and expertise, we are well-capitalised with ample debt headroom to actively pursue strategic growth opportunities. We will continue to adopt a proactive and disciplined capital management approach to maintain a strong balance sheet and optimise costs of debt financing. This ensures our ability to manage large-scale modern industrial and business parks, as well as large-scale logistics property portfolios to generate sustainable returns. Focused on future growth Paving the way forward with a solid portfolio and strong financial position STRONG CASH POSITION million 884 US$ HEALTHY NET DEBT/ TOTAL ASSETS RATIO OF 26.6% 9 ESR Annual Report 2019