UNAUDITED PRO FORMA FINANCIAL INFORMATION OF THE ENLARGED GROUP Unaudited Pro Forma Consolidated Statement of Financial Position As of 31 December 2021 ESR Cayman Group ARA Group Reclassifications Acquisition entries SMBC subscription Acquisition of additional interest in LOGOS become 86.4% Acquisition costs Equity-settled share option paid to ARA Group employees Unaudited Pro Forma consolidated statement of financial position of the Enlarged Group (audited) (audited) Note 1 Note 2 Note 3 Note 4 Note 5 Note 6 Note 7 Note 8 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 NON-CURRENT ASSETS Property, plant and equipment 33,937 3,903 – – – – – – 37,840 Right-of-use assets 8,940 14,547 – – – – – – 23,487 Investments in joint ventures and associates 1,331,017 1,429,933 – – – – – – 2,760,950 Financial assets at fair value through profit or loss 709,622 – 41,645 – – – – – 751,267 Financial assets at fair value through other comprehensive income 779,436 – 655,482 – – – – – 1,434,918 Investment properties 3,704,243 115,488 – – – – – – 3,819,731 Goodwill 542,636 – 393,845 3,795,376 – – – – 4,731,857 Other intangible assets 101,694 447,085 (393,845) (52,186) – – – – 102,748 Other non-current assets 90,867 13,475 – – – – – – 104,342 Deferred tax assets 114,956 1,994 – – – – – – 116,950 Financial assets – 697,127 (697,127) – – – – – – Financial derivative assets – 5,595 – – – – – – 5,595 Total non-current assets 7,417,348 2,729,147 – 3,743,190 – – – – 13,889,685 CURRENT ASSETS Trade receivables 125,968 49,355 43,957 – – – – – 219,280 Prepayments, other receivables and other assets 156,074 116,625 (43,957) – – – – – 228,742 Financial assets at fair value through profit or loss – 13,060 – – – – – – 13,060 Financial derivative assets – 11 – – – – – – 11 Cash and bank balances 1,638,228 552,940 – (519,231) 250,000 – – – 1,921,937 1,920,270 731,991 – (519,231) 250,000 – – – 2,383,030 Assets held for sale – 87,974 – – – – – – 87,974 Total current assets 1,920,270 819,965 – (519,231) 250,000 – – – 2,471,004 CURRENT LIABILITIES Bank and other borrowings 1,312,883 97,819 – – – – – – 1,410,702 Lease liabilities 3,488 4,434 – – – – – – 7,922 Trade payables, accruals and other payables 235,922 144,205 – – 25,300 405,427 Contingent consideration payable – 16,773 – – – – – – 16,773 Income tax payable 29,550 54,300 – – – – – – 83,850 1,581,843 317,531 – – – – 25,300 – 1,924,674 Liabilities directly associated with the assets held for sale – 52,703 – – – – – – 52,703 Total current liabilities 1,581,843 370,234 – – – – 25,300 – 1,977,377 R E A C H I N G N E W H E I G H T S 242
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