FY2017 Results Presentation28 February 2018

DisclaimerThis presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results maydiffer materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples ofthese factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from otherdevelopments or companies, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (includingemployee wages, benefits and training costs), governmental and public policy changes and the continued availability of financing in the amounts and the termsnecessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view ofmanagement on future events.

The information contained in this presentation has not been independently verified. No representation or warranty expressed or implied is made as to, and noreliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Neither EC WorldAsset Management Pte. Ltd. (the “Manager”) nor any of its affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) forany loss howsoever arising, whether directly or indirectly, from any use, reliance or distribution of this presentation or its contents or otherwise arising in connectionwith this presentation.

The forecast performance of EC World Real Estate Investment Trust (“EC World REIT”) is not indicative of the future or likely performance of EC World REIT. Theforecast financial performance of EC World REIT is not guaranteed.

The value of units in EC World REIT (“Units”) and the income derived from them may fall as well as rise. Units are not obligations of, deposits in, or guaranteed by,the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested.

Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on the SingaporeExchange Securities Trading Limited (the “SGX-ST”). It is intended that unitholders of EC World REIT may only deal in their Units through trading on the SGX-ST.Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for Units.

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DBS Bank Ltd. is the sole financial adviser, global coordinator and issue manager for the initial public offering of EC World REIT. DBS Bank Ltd., Bank of ChinaLimited, Singapore Branch, China International Capital Corporation (Singapore) Pte. Limited and Maybank Kim Eng Securities Pte. Ltd. are the joint bookrunnersand underwriters for the initial public offering of EC World REIT

Agenda

Section A FY2017 Key Highlights

Section B Financial Review

Section C Portfolio Update

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Section A: FY2017 Key Highlights

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(1) Based on the closing price of S$0.76 on 29 December 2017(2) By gross rental and as at 31 December 2017(3) National Bureau of Statistics(4) Hangzhou Bureau of Statistics

FY2017 Key Highlights

Strong financial results outperforming IPO forecasts for the second consecutive year

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3

1

Resilient portfolio continues to deliver stable returns

Positive outlook for growth

Gross Revenue of S$91.4 million

Net Property Income of S$82.7 million

Distribution Per Unit of 6.025 cents

1.0% higher than IPO forecast

0.9% higher than IPO forecast

1.5% higher than IPO forecast

FY2017 distribution yield of 7.9% (1)

Portfolio valuation increased 1.8% in RMB terms to RMB6,522 million as at 31 Dec 2017 Committed occupancy remains at 100%, with the underlying end-tenant occupancy of 97.5% Resilient leases with weighted average lease expiry (“WALE”) of 3.0 years (2) and built-in

escalations

China and Hangzhou’s GDP expanded by 6.9% (3) and 8.0% (4) respectively while the e-commerce sector in Hangzhou grew by 36.6% (4) in 2017

Relatively low gearing of 29.2% provides debt headroom for acquisitions Actively looking to expand asset portfolio in China and high growth markets in Southeast Asia

Consistently Strong Operating and Financial Performance

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Gross Revenue Net Property Income Distributable Income

24,739

23,66323,161

23,866

20,678

23,004 22,61322,613

22,613 22,612

4Q16 1Q17 2Q17 3Q17 4Q17

Actual Forecast

SGD’000

21,774 21,60121,072

22,086

17,945

20,909 20,50020,500

20,500 20,499

4Q16 1Q17 2Q17 3Q17 4Q17

SGD’000

11,38712,024 12,010 11,281 11,802

11,16411,622

11,621 11,626 11,626

4Q16 1Q17 2Q17 3Q17 4Q17

SGD’000

(1)

7.5%

4.1%(8.6%)

2.0%

4.6%

5.4%

3.5%

2.4%

2.8%

3.3%

5.5%

7.7%

(1) Due to 5% withholding tax expenses incurred during the cash repatriation process which was not assumed in the IPO forecast

On a like for like basis, Distributable Income would be SGD12.0m, 3.4% higher than IPO forecast

(12.5%)

(3.0%)1.5%

Due to straight-lining accounting adjustment and provision of impairment (RMB5.2m) of receivables at Fu Zhuo. Both had no impact on DPU in FY2017

Exposure to Fast Growing Geography and Sector

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Overview of Hangzhou

Strong Economic Growth – GDP (1)

One of the core cities in the Yangtze River Delta Economic Zone, Hangzhou is positioned as an economic, cultural, science and education centre and a transport hub

Strong economic growth with GDP growth rates outstripping national average

Population (1)

9.5 millionGDP (1)

RMB 1.2 trillion

Capital of Zhejiang Province

(1) Hangzhou Bureau of Statistics

704783 840

9211,005

1,1051,256

2011 2012 2013 2014 2015 2016 2017

RMB’b

Rapidly Expanding E-Commerce Industry –Sector Size (1)

E-Commerce industry in Hangzhou has been growing at very fast pace, expanding 36.6% in 2017

Chinese Capital of E-Commerce

RMB’b

20

27 2529

24

3236

39

1Q 2016 2Q 2016 3Q 2016 4Q 2016 1Q 2017 2Q 2017 3Q 2017 4Q 2017

Portfolio Provides Critical Connectivity in the Product Fulfilment Cycle

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Products Fulfillm

ent CycleEC W

orld REIT Assets

EC World REIT’s asset portfolio almost covers the entire product fulfillment cycle and supply chain

Fu Heng Warehouse

Stage 1 Bei Gang

Hengde Logistics

Chongxian Port InvestmentChongixan Port Logistics

Fu Zhou Industrial

E-Commerce Logistics Specialized Logistics Port Logistics

Online platforms / Brand

owners / Manufact

urers

Transport：River / Land

/ AirWarehouse

Handling and processing:Unloading /

Storage / Picking

/Packaging & Labelling /

Sorting

Delivery End consumers

Office / Trade &

Exhibition / Experiential

Shop

Symbiotic Relationship between an Asset Owner and An Asset Operator

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Asset OwnerOperator

Ownership of physical asset that houses the operations

Collect rental and pays ownership related costs such as property taxes, maintenance and repair expenses

Manage the business processes, systems and operations

Earns operating revenue (handling, processing, packaging etc.) and pays rental to the asset owner

Asset

“Skull” – physical structure “Brain” – operations and management

Full integration of physical warehousing and logistics facilities, advanced IT management system and data analytics

Extensive supply chain network across key markets in China

Provide "one-stop" integrated intelligent logistics services to domestic and international customers

Strategic benefits

RuYiCang:Well-Established Omni-Channel Client Base

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Clients include blue chip e-commerce marketplaces / platforms, brand owners, manufacturers and last mile service providers

Market Places

Brands

Last Mile Delivery

Selected Clients

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Section B: Financial Review

Summary Results

For the period1 Oct 2017 to 31 Dec 2017

Actual Forecast # Variance (%)

Gross revenue (S$’000) 20,678 22,612 (8.6%)

Net propertyincome (S$’000) 17,945 20,499 (12.5%)

Distributableincome (S$’000) 11,802 11,626 1.5%

Distribution per unit (Singapore cents) 1.504 1.496 0.5%

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Distribution Timetable4Q2017

Last Day of Trading on “cum” Basis : 5 Mar 2018

Ex-date : 6 Mar 2018

Books Closure Date : 8 Mar 2018

Distribution Payment Date : 29 Mar 2018

# As per data in IPO prospectus

For the period1 Jan 2017 to 31 Dec 2017

Actual Forecast # Variance (%)

Gross revenue (S$’000) 91,368 90,451 1.0%

Net property income (S$’000) 82,704 81,999 0.9%

Distributable income (S$’000) 47,117 46,495 1.3%

Distribution per unit (Singapore cents) 6.025 5.936 1.5%

Strong FY17 Results Outperforming IPO Forecast

Review of FY2017 Performance between Actual and Forecast ResultsNet Property IncomeS$ m

Income Tax ExpenseS$ m

Distributable Income S$ m

82.0

82.7

Forecast Actual

Higher gross revenue primarily due to additionalrental income from the asset enhancementinitiative at Chongxian Port Investment(construction of a sheltered warehouse)

NPI mainly benefited higher gross revenue andfavourable exchange rate movement vis-à-visforecasted FX rate

Income tax expense was 70.7% higher than forecastprimarily due to withholding tax incurred on thecash repatriated from the PRC asset companies inSeptember 2017 and deferred tax expenses on thefair value of the investment properties in December2017

Due to higher rental revenue following thecompletion of the AEI at Chongxian PortInvestment and favourable exchange ratemovement vis-à-vis forecast FX rate

Due mainly to the abovementioned factors,distributable income is 1.3% higher than forecast

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46.5

47.1

Forecast Actual

13.9

23.8

Forecast Actual

Prudent Capital Management

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Total Debt Drawdown as at 31 Dec 2017

• RMB 993.6 million onshore • S$ 200.0 million offshore • S$ 38.0 million RCF (1)

Tenure 3 years (except for RCF)

Annualized All-in Interest Rate

• Onshore(2) – 6.3% p.a. • Offshore(3) – 5.0% p.a.• RCF – 1.5% p.a.

Key Debt Figures

FY2017 5.03 (IPO Assumption)

3Q2017 4.996 (Hedged)

4Q2017 4.95 (Hedged)

1Q 2018 4.843 (Hedged)

Forex (SGD/RMB)

(1) S$38.0 million drawn down from the S$50.0 million revolving credit facility(2) Onshore loan is pegged to PBOC rate(3) Offshore fixed component at 1.485% and 1.745%, variable component is pegged to 3 month SOR

Annualized all-in interest rate of 5.3%

100% of offshore SGD facilities on fixed rate

Entered into FX forward contracts to lock in SGDRMB for our RMB income source for 1Q18 distributions at at SGD/RMB 4.843. Continues to maintain a rolling 6 month FX hedging strategy

Aggregate Leverage Ratio

28.9% 27.6% 29.2% 29.2%

At IPO ListingDate

31-Dec-16 30-Jun-17 31-Dec-17

Healthy Balance Sheet

S$’000 As at 31 Dec 2017

As at 31 Dec 2016

As at Listing Date

Cash and cash equivalents(1) 138,644 103,665 91,417

Investment Properties(2) 1,337,010 1,333,297 1,303,443

Total Assets 1,511,404 1,482,529 1,404,934

Borrowings 435,501 398,830 393,254

Total Liabilities 793,786 756,410 722,910

Net Assets attributable to Unitholders 717,618 726,119 682,024

NAV per unit (S$) 0.91 0.93 0.88

(1) Includes RMB301.7 million (S$61.8 million) security deposits received from the Master Lease tenants.(2) Investment Properties are based on independent valuations performed by Savills as at 31 December 2017. Investment properties are pledged as security for the

Group’s borrowings.

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Section C: Portfolio Update

Summary Assets Performance – FY2017

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Breakdown by Gross Revenue and NPI (SGD m) NPI Yield (1)

6.3%

5.6%

2.0%

4.6%

8.3%

6.8%

ChongxianPort

Investment

ChongxianPort

Logistics

Fu Zhuo Hengde Stage 1 BeiGang

Fu Heng

91.482.7

Portfolio: 6.2%

29.3 28.5

11.2 9.91.6 0.5

14.813.8

25.822.0

8.7

8.0

Gross revenue NPI

Chongxian Port Investment Chongxian Port Logistics

Fu Zhuo Hengde

Stage 1 Bei Gang Fu Heng

(1) In RMB terms. Based on valuation as at 31 December 2017

Due to provision of impairment of receivables at Fu Zhuo. Without this impairment, NPI Yield for the Portfolio and Fu Zhou will be 6.3% and 6.6% respectively

Resilient, Specialized and Balanced Asset Portfolio

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Valuation has increased for 2 consecutive years while achieving 100% committed occupancy

Portfolio Valuation (RMB m) Portfolio Occupancy

6,3576,407

6,522

31/12/2015 31/12/2016 31/12/2017

100% 100% 100% 100% 100%97.4% 98.3%96.4%

97.8% 97.5%

4Q16 1Q17 2Q17 3Q17 4Q17

Committed occupancy

Underlying occupancy

High Quality and Diversified Asset Portfolio

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48.9%

28.8%

22.4%

Total: RMB 6.5b /

S$ 1.3b

Port Logistics E-Commerce LogisticsSpecialised Logistics

35.2%

30.7%

34.1%

Total: 698,478

sq m

Breakdown by NLA

Breakdown by valuation

(1) For FY2017(2) By Gross Rental Income and committed NLA as at 31 December 2017

WALE by NLA: 2.9 years

WALE by Gross Rental Income: 3.0 years

Lease Expiry Profile of Portfolio(2)

Breakdown of Portfolio Gross Rental Income

Port Logistics

E-Commerce LogisticsSpecialised Logistics

Diversification by asset type (1) Diversification by trade sector (1)

46.6%

37.1%

16.4%

Delivery, logistics and distribution,

40.5%

Ecommerce services,

39.9%

Industrial, 17.0%

Trading, 2.0% Others,

0.7%

0.8% 3.4%

78.1%

15.0%2.7%0.4% 2.6%

86.7%

8.1% 2.2%

2018 2019 2020 2021 2022 and beyond

%

by Net Letted Area by Gross income

Significant Strategic Growth Opportunities Across Multiple Channels

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(1) The Sponsor is required to offer these properties to EC World REIT under the right of first refusal which it has granted to EC World REIT (“Sponsor ROFR”) if it wishes to divest its interest in such properties. EC World REIT is not obliged to acquire any of the properties under the Sponsor ROFR.

EC World REIT is well-positioned for growth through acquisitions and asset enhancement initiatives

Acquisition via Sponsor ROFR(1)

C

• 2 Sponsor ROFR properties with GFA over 300,000 sq m

• Leverage on Sponsor’s business networks and relationships to identify and pursue acquisition opportunities

Acquisition via Third Party Assets

D

• Acquire yield-accretive properties and convert them into e-commerce logistics properties

• Seek opportunities beyond China, including Singapore and Southeast Asia to further diversify its e-commerce portfolio

Asset EnhancementInitiatives

B

• Convert traditional warehouses to e-commerce logistics centres

• Proactive retrofitting and refurbishment works including upgrading of existing facilities

• Pay “cost” to enjoy future cash flows

Organic Growth

A

• Positive rental reversions due to the quality of assets

• Built-in escalations in existing lease contracts

• Improving assets valuation

Quality ROFR Assets Focused on E-Commerce Logistics

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No. Sponsor ROFR Properties GFA (sq m)

1. Fu Zhou E-commerce Properties 215,643

2. Stage 2 of Bei Gang Logistics, Buildings No. 9 to No. 17 100,777

Total 316,420

Fu Zhou E-Commerce Properties Stage 2 of Bei Gang Logistics

Warehousing and office facilities specifically designed to cater tothe e-commerce industry

Key Highlights

Integrated e-commerce business park offering the entire suite ofe-commerce related supporting infrastructure and services

Located next to Stage 1 Bei Gang Logistics, offering increasedscale, efficiency and synergies across the enlarged business park To be operated and managed by RuYiCang 如意仓

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Thank You