Ingenia Communities Group · ASX:INA
Ingenia Communities — Merger or Acquisition (October 2026)
29 slides from Ingenia Communities's merger presentation, Oct 7, 2026
Slide 1: Peet Transaction Update (ASX media release)
ASX / MEDIA RELEASE 7 October 2026 For personal use only PEET TRANSACTION UPDATE Ingenia Communities Group (ASX: INA) (“Ingenia”) has today released the attached investor presentation providing further information on the strategic rationale, valuation and expected benefits of its proposed acquisitio
Slide 2: Peet acquisition update
rsonal use only Peet acquisition update 7 OCTOBER 2026 1
Slide 3: Important notice and disclaimer
DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER This notice and disclaimer applies to this presentation and the information contained in it. By attending a presentation or briefing, or accepting, accessing or reviewing this presentation, you represent and warrant that you are entitled to receive this pre
Slide 4: Peet Transaction Update
PEET TRANSACTION UPDATE Acquisition significantly enhances Ingenia’s land lease platform and living sector capabilities rsonal use only Delivering Ingenia’s strategic plan • Satisfies one of Ingenia’s key strategic challenges; scale acquisition of high-quality land lease lots, at an attractive price
Slide 5: Strategy: Acquisition of attractively priced land
STRATEGY: ACQUISITION OF ATTRACTIVELY PRICED LAND Acquisition enhances Ingenia’s development platform and secures pipeline for growth rsonal use only Ingenia strategy Accelerators to growth Rationale for Peet acquisition • Significant business focused on • Availability of attractively priced land fo
Slide 6: Strategy: Peet overview
STRATEGY: PEET OVERVIEW A predominantly wholly owned development platform, complemented by capital-efficient partnering and fee income streams rsonal use only Owned portfolio1 Managed portfolio9 Balance sheet-led, with 18 wholly owned projects2 Capital-light with fee income streams across 19 managed
Slide 7: Strategy: Benefits offering a complementary land lease and MPC platform
STRATEGY: BENEFITS OFFERING A COMPLEMENTARY LAND LEASE AND MPC PLATFORM rsonal use only Strategic benefits Why it matters What it means for investors • Increased competition for attractive sites, with • Ingenia growth de-risked on accretive terms peers paying higher prices for lower quality sites •
Slide 8: Strategy: Peet's portfolio secures Ingenia's long-term growth
STRATEGY: PEET’S PORTFOLIO SECURES INGENIA’S LONG-TERM GROWTH The transaction delivers strategic long-term platform value by unlocking land for future growth in an increasingly competitive environment, where access to attractively priced land is the key constraint rsonal use only Peet acquisition +7
Slide 9: Value: Land acquisition on attractive terms
VALUE: LAND ACQUISITION ON ATTRACTIVE TERMS Peet acquisition represents attractive value benefiting from the Flagstone JV, implied pricing of residual projects and the value of the funds management income rsonal use only Fundamental, per lot pricing is compelling Comparable pricing to recent market
Slide 10: Value: Strong financial returns
VALUE: STRONG FINANCIAL RETURNS Low double digit EPS accretion to Ingenia securityholders, with a strong balance sheet rsonal use only Compelling financial returns Accretion profile Ingenia pro forma FY26 EPS2 $0.40 +11.0% FY26 PF +11.0% EPS accretion and double digit DPS accretion on a FY26 PF ba
Slide 11: Low risk: Mature portfolio in attractive market segments
LOW RISK: MATURE PORTFOLIO IN ATTRACTIVE MARKET SEGMENTS Peet’s unique portfolio maturity, strategic urban fringe project locations and low price-point, owner occupier focus significantly enhances portfolio risk-return characteristics rsonal use only Mature and highly cash generative portfolio Peet’
Slide 12: Low risk: Highly cash generative, shifting to simpler business model
LOW RISK: HIGHLY CASH GENERATIVE, SHIFTING TO SIMPLER BUSINESS MODEL Peet’s portfolio is highly cash generative with significant contracts on hand, underwriting near term earnings rsonal use only Secured earnings and cash flows Peet year end contracts on hand Contract value (A$m) Continued strength
Slide 13: Opportunity: Land lease conversion
OPPORTUNITY: LAND LEASE CONVERSION Ingenia has identified ~5,000 – 7,000 potential LLC Conversion Lots1 across the Peet portfolio with an indicative end value of ~$1 billion2; total Combined Group pro forma land lease pipeline of ~15,000 lots3 rsonal use only Western Australia Queensland 100% owned
Slide 14: Opportunity: Land lease conversion case study
OPPORTUNITY: LAND LEASE CONVERSION CASE STUDY Flagstone is the first demonstrable step in converting the identified Peet land portfolio into recurring income and long-term platform value rsonal use only Flagstone land lease conversion case study Land lease conversion value creation illustrative exam
Slide 15: Opportunity: Capital partnerships
OPPORTUNITY: CAPITAL PARTNERSHIPS Intention to partner with third-party capital and recycle capital across the enlarged development platform rsonal use only Third party capital opportunities Strong track record of capital partnering Partnerships with third party capital to manage earnings profile
Slide 16: Transaction status update
TRANSACTION STATUS UPDATE Peet acquisition Warburg Pincus proposals rsonal use only • Announced on 26 August 2026 • Ingenia received unsolicited, non-binding indicative proposals from Warburg Pincus • Strategic acquisition to create a large-scale, national living sector platform and provide a growth
Slide 17: Appendix
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Slide 18: Peet has eight material projects
PEET HAS EIGHT MATERIAL PROJECTS De-risked pipeline Top eight material projects3 Googong (NSW) 7 Yanchep (WA)8 rsonal use only Flagstone (QLD) Aston (VIC) Proportion of EBIT from top eight projects over rest of life1 82% Managed (Peet share Managed (Peet share Ownership Owned (100%)6 Ownership Owned
Slide 19: Peet's pipeline in context
PEET’S PIPELINE IN CONTEXT Many non-core projects within the Peet portfolio complete in the near term, simplifying the business model MPC projects1 Medium density projects1 rsonal use only Project State Final Ownership GDV Lots3 Partner Project State Final Ownership GDV Lots3 Partner settlement ($m)
Slide 20: Peet's portfolio is mature and materially de-risked
PEET’S PORTFOLIO IS MATURE AND MATERIALLY DE-RISKED Projects representing ~80% of pipeline lots are active1, meaning low planning risk and strong medium term cash generation rsonal use only Acquisition Planning Development Project State Ownership Lots2 GDV3 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY
Slide 21: Key asset profile | Flagstone
KEY ASSET PROFILE | FLAGSTONE Flagstone is one of the most strategic residential assets of this scale in Australia – it is expected to be Australia’s 20th largest city on completion1 rsonal use only Flagstone JV Key asset metrics • Flagship project located in the heart of the largest residential Pri
Slide 22: Key asset profile | Aston
KEY ASSET PROFILE | ASTON Opportunity to capitalise on success of existing Aston asset and leverage in the ground infrastructure / amenities rsonal use only Asset overview Key asset metrics • Asset is in production and is expected to support ~984 lots1 • Has commenced production in Q1 FY27, with sta
Slide 23: Key asset profile | Googong
KEY ASSET PROFILE | GOOGONG ~5,000 lot new township on the ACT / NSW border, in partnership with Mirvac rsonal use only Asset overview Key asset metrics • Googong is a new self-contained township, with the JV delivering all onsite infrastructure to support the community’s development $550m 50% • 50/
Slide 24: Key asset profile | Yanchep
KEY ASSET PROFILE | YANCHEP1 High quality lifestyle-based estate, situated in Perth’s northern growth corridor rsonal use only Asset overview Key asset metrics Yanchep Golf Estate: • Retail syndicate with Peet ownership of 66.4% $738m 66.4% / DMA • Serene lifestyle, with village comprised of signifi
Slide 25: Key asset profile | Onderra
KEY ASSET PROFILE | ONDERRA1 Strategically located asset embedded in the Onderra masterplan, with excellent infrastructure and proximity to amenities, employment and education hubs rsonal use only Asset overview Key asset metrics • Strategically located in Bruce, within the Belconnen district of Can
Slide 26: Key asset profile | Newhaven
KEY ASSET PROFILE | NEWHAVEN Key project in Melbourne’s thriving western growth corridor, with premium amenities and significant government investment in the area rsonal use only Asset overview Key asset metrics • 50.1%/49.9% joint venture between Peet and Supalai • Consists of two land parcels: 103
Slide 27: Key asset profile | Palmview
KEY ASSET PROFILE | PALMVIEW1 Prime location in the Sunshine Coast’s key growth corridor, supported by premium brand and pricing dynamics rsonal use only Asset overview Key asset metrics • Village Green is a masterplanned community located in Palmview, within the Sunshine Coast Regional Council area
Slide 28: Key asset profile | Shorehaven
KEY ASSET PROFILE | SHOREHAVEN Beachside community located in Perth’s growing northern coastal corridor rsonal use only Asset overview Key asset metrics • Launched in 2009 as the first development in the Alkimos Eglinton Growth Corridor • Wholesale syndicate (45% Peet share) $422m 45% GDV1 PEET OWNE
Slide 29: Contact us
CONTACT US rsonal use only Donna Byrne GM Investor Relations and Sustainability dbyrne@ingeniacommunities.com.au Tel: +61 401 711 542 Justin Mitchell Chief Financial Officer jmitchell@ingeniacommunities.com.au Ingenia Communities Group Level 10, 20 Bond Street, Sydney 2000 NSW www.ingeniacommunities
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