ST KATHARINE DOCKS I LONDON, UK Over the past six decades, we have weathered numerous macroeconomic challenges and emerged stronger. We continue to navigate the evolving operating landscape with agility, transforming our business for the future by tapping on multiple growth platforms that amplify our strengths in innovative and synergistic ways. By leveraging strategic partnerships and nurturing existing platforms such as CDL Hospitality Trusts (CDLHT) and IREIT Global, we continue to drive growth in our fund management business with total assets under management (AUM) amounting to US$3 billion as at 31 December 2023. Over the years, we have also built a stable recurring income portfolio with valuable assets such as the iconic St Katharine Docks waterfront estate in London that will allow us to seed our assets into listed or unlisted platforms at an opportune time. In 2023, our focus on portfolio recalibration resulted in the completion of several divestments amounting to $632.5 million and shareholding optimisation initiatives to unlock value. Capital management remains a key priority to support our transformative growth plans. Innovative Initiatives CAPITAL RECYCLING Total Sales Proceeds $632.5 million AUM US$3 billion Manage/co-invest with external parties, with CDL retained as asset manager to earn recurring fee income and grow AUM Supporting and nurturing of existing platforms Sizeable CDL assets provide flexibility to be injected into listed and unlisted platforms FUND MANAGEMENT STRATEGIC PARTNERSHIPS GROWING EXISTING PLATFORMS CDL ASSETS FOR AUM GROWTH 1 2 3 TRANSFORMATION
RkJQdWJsaXNoZXIy ODIwNTc=