KSS Information Memorandum 2021

Key Occupancy Statistics

FY 2017 FY 2018 FY2019 FY2020 PTD MAY 2021 470,355 494,297 516,542 523,411 535,050

Available SQM

Occupied SQM

396,383 405,541 418,192 428,654 458,998

Occupied %

84.27% 82.04% 80.96% 81.90% 85.79%

Net Price Per SQM Revpom

$26.42 $27.21 $27.40 $27.23 $27.15

Revpam

22.27

22.32

22.18

22.30

23.29

Key Financial Performance Metrics

FY 2017 FY 2018 FY2019 FY2020 PTD MAY 2021 $137.20 $143.60 $148.00 $154.51 $150.24

Income ($M)

Operating ($M) Expenses

$ 46.33 $ 52.04 $ 54.65 $ 58.86 $54.45

EBITDA ($M)

$ 90.87 $ 91.56 $ 93.35 $ 95.65 $95.79

Key Financial Position Metrics

FY 2017 FY 2018 FY2019 FY2020

Cash at Bank ($M)

$20.10 $30.36 $18.57 $26.69

Current Assets ($M) (Excluding Cash)

$20.44 $21.95 $33.13 $38.51

Property Assets ($M)*

$1,262 $1,435 $1,581 $1,776

Net Assets ($M)

$ 766 $ 906 $1,020 $1,157

* Property assets are reported at stand alone values for financial reporting purposes. Key Business Attributes The following attributes are some additional and important credit considerations about the KSS Group. • Market Leading Brand in Self Storage Industry with the strongest consumer recall • Asset portfolio with diverse geographic spread and size across Australia and New Zealand • A focussed self-storage specialist with strong systems and decades of consistent performance and experience • Ownership of properties • Primary focus as a Going Concern business where the Asset self-storage has counter cyclical demand attributes • Track record of income growth • Strong re-investment and growth performance

8