We built a wooden carport and had it plastered so that it looks like masonry from the outside, matches the house, and is protected from the weather. However, underneath we left the wood exposed because it is simply super practical for quickly hanging or attaching something. And we also like the look. But well, a matter of taste.
As a plaster carrier board, we used simple 1000x500x30mm Styrofoam boards from the hardware store and glued them to the OSB boards with mounting adhesive. On top of that, the plasterer then applied his mesh / base coat and then the top coat. I can’t say whether this works fully upside down, as for us it was only the walls. But it has been holding without any problems for 1.5 years now.