Finbar Group Limited · ASX:FRI

Finbar — FY2018 Earnings Presentation

54 slides from Finbar's earnings presentation, Oct 23, 2018

1. Slide 1: FY18 Annual Results Summary & Development Update

   23 OCTOBER 2018 FY18 Annual Results Summary & Development Update

2. Slide 2: Agenda

   Agenda = finbar 6 @) Financials Page 03 - Investment Properties Page 13 => Development Activity Update Page 17 © Completed Projects with Stock For Sale Page 19 ©) Projects Under Construction Page 26 ” In Marketing Page 31 a Development Approvals Received Page 36 w In Planning and Design Page 41 a Sa

3. Slide 3: Financials

   For personal use only Agenda Page Title 3

4. Slide 4: FY18 Highlights

   FY18 Highlights Finbar achieved its 22"4 year of consecutive profit and fully franked dividends payment. Finbar continues to cement its position as Western Australia’ s largest apartment developer, with the total number of Completed two key developments, Aurelia and Aire that have a combined finbar

5. Slide 5: Net Profit

   Net Profit > $15.3m operating profit. > $13.8m net profit. > 170% increase of NPAT in FY18. > 22 consecutive years of profitability. “5 NPAT FY11 Source: Finbar Group Ltd 5

6. Slide 6: Operating Profits and Revaluations

   Operating Profits and Revaluations rots = finbar 6 $50.0 ) Cp) $40.0 =) ic $30.0 = g $20.0 O & Cp) $10.0 % [ I, @) $- or FY10 FY11 FY12 FY13 FY14 FYIS "| FYI S -$10.0 © LL -$20.0 Operating Profit ™Revaluations Source: Finbar Group Ltd 6

7. Slide 7: Earnings Per Share & Dividends

   Earnings Per Share & Dividends roti finbar developing better Hess 18 > Fully franked dividend of $0.06 16 per share attributable to the year. 14 > 224 consecutive year of dividends. ow 12 2 oO xo wn ra 2 Retained 2 . € m Final o Y . mlnterim FYo2 FYo03 FY04 FY05 FY06 FYo7 FYo8 FYo9 FY10 FY11 FY12 FY

8. Slide 8: Cash Position

   Cash Position > Strong year end cash position of $57.8m. > Well positioned to fund working capital requirements and equity contributions for project commencements. > No debt on residual stock with settlement cashflow to bolster working capital for redeployment into core development activity. $80 $70

9. Slide 9: Sources of Earnings FY18

   Sources of Earnings FY18 ros finbar developing better Hester > Core business of property development generated 92% of earnings. Source of All Earnings > Aurelia, Concerto, Aire, Motive, Ling and Unison on Tenth projects were largest contributors. > 5% contribution from rental income. 1% Management a

10. Slide 10: Segment Contributions FY18

    Segment Contributions FY18 roti Development . . . developing better Weiyes Activity Rental Property ‘Interest Revaluations Admin Profit 30.00 roy t I \; i 25.00 Yo | = 15.00 > $m 10.00 = 5.00 + 0.00 = ¥ T T T T T T T T , , , T v 2 2 2 2 o o CJ 2 o 2 2 & £ + A Rs & ss s PP s we & « LPF KO ’ & ¢ Ra CO

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    For personal use only ➢ ➢ ➢ ➢ ➢ ➢ REPAID $99.3m 12 REPAID

13. Slide 13: Investment Properties

    For personal use only Agenda Page Title 13

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16. Slide 16: Investment Property Values & Gearing Profile

    Investment Property Values & Gearing Profile > Loan to Value Ratio across investment property is 43.3% $100 > Facilities with Australian Major $90 m Equity Banks (CBA & NAB). $80 $70 = Debt $60 & $50 $40 3.3% LVR | $30 $20 $10 $o Fairlanes Pelago Total Source: Finbar Group Ltd 16

17. Slide 17: Development Activity Update

    For personal use only Agenda Page Title 17

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19. Slide 19: Completed Projects with Stock For Sale

    For personal use only Agenda Page Title 19

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25. Slide 25: Total Unsold Completed Stock

    Total Unsold Completed Stock: oe > Completed Unsold Stock - $99.6million Finbar Proportion: finbar - $50.8million developing better Kester =H (il Millions & BR o SN NNN NM SN Finbar Proportion of Unsold Completed Stock ™ Total Unsold Completed Stock Source: Finbar Group Ltd 25

26. Slide 26: Projects Under Construction

    For personal use only Agenda Page Title 26

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31. Slide 31: In Marketing

    For personal use only Agenda Page Title 31

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34. Slide 34: Total Unsold Off-the-Plan Stock

    Total Unsold Off-the-Plan Stock: Off-the-Plan Unsold Stock (Currently being Marketed) ;,,°729"_,, roti Finbar Proportion: - $156.9m finbar Hill mm © © © BD © ww w SB S HS NA s\ X\ a ; a ; a / Gg ; a ; a / o , a ; a / ? - / x ~ x x ¥ a SS gS SK Millions wee ese eee ol ow ou o uo o °o o o o °o °o o =}

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    For personal use only * Recast without Civic 35

36. Slide 36: Development Approvals Received

    For personal use only Agenda Page Title 36

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41. Slide 41: In Planning and Design

    For personal use only Agenda Page Title 41

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43. Slide 43: Mends Street (2/2), South Perth

    1 Mends Street (2/2) 1 Mends Street, South Perth Proposed scheme amendment - massing diagram 43

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49. Slide 49: Project Pipeline - Summary

    Project Pipeline - Summary rots finbar 350 300 250 200 150 100 ~giatl Hil polaal mMEeEeEREREBERERERERREBEREBEBEEREERE < x x x x x « S Cy FSF FCS FECES EF OSE EEE ESOS SE FS sr wr é CF SFX FP eS CPF PF SF KS F ¢ w S Fe SG TS LK SS SO x as wv yt & SPF SF PS g a RS Sa ir arr i> S & s xe v PF ® re) mRem

50. Slide 50: Sales Activity

    For personal use only Agenda Page Title 50

51. Slide 51: Cumulative Units Developed

    Cumulative Units Developed - 5687 units developed to date. - Additional 2873 units in secured pipeline. 09 1011 12 13.14 15 1617 18 19 Source: Finbar Group Ltd 51

52. Slide 52: Residential Sales Contracts Activity

    Residential Sales Contracts Activity ros finbar devils boo os . $120 120 > In FY18, we achieved 427 sales P| Sabi worth $226.1m being an average | Aurelia d Palmyra abing of 1.17 sales / $0.62m per day $100 East 100 average Reva N Aire > In FY19 to the 22nd Oct 2018, we $80 80 achieved 96 sales wort

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    For personal use only Total $1,671.1 $969.0 53

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Finbar Group — FY2018 Earnings Presentation on 6ix