OPERATIONS REVIEW AT A GLANCE #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$140.2 billion, the ESR Group maintains a dominant leadership position with approximately 84% of its assets allocated in APAC. With the addition of LOGOS, ESR Group also cements its position as APAC’s largest New Economy real estate platform with a leading (#1 or #2) 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. The Enlarged 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 are a key strategic focus for ESR as the Group seeks to build out 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 FY2021. These included the acquisition of a 25 megawatt (“MW”) data centre refurbishment in Hong Kong and the 98MW multi-phase data centre campus project near the Osaka CBD, in Japan. ”Rendering of ESR Cosmosquare data centre asset in Osaka, Japan” As of 31 December 2021, ESR’s data centre portfolio consists of six owned development assets totalling 260MW IT load in Hong Kong, Osaka, Sydney, Mumbai, Jakarta, and Singapore. The portfolio also includes five operational assets in master-leases to key operators in Osaka, Singapore, China and South Korea. Additionally, ESR’s strong pipeline of new development opportunities in Tokyo, Osaka, Seoul, Beijing, and Taipei creates the opportunity to propel the portfolio further. Total combined AUM of US$140.2 billion1 New Economy AUM of US$59 billion2 Portfolio GFA over 39 million sqm4 Combined data centre pipeline3 of over 1,200MW of capacity across the region FY2021 KEY HIGHLIGHTS R E A C H I N G N E W H E I G H T S 82 PRO FORMA ESR GROUP
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