Slide 1: FY26 Results
FY26 RESULTS 25 AUGUST 2026
Slide 2: Agenda
FY26 Results AGENDA 01 02 03 04 05 Results Results Operating Outlook Q&A Highlights Overview Performance Peet acknowledges Aboriginal and Torres Strait Islander Peoples as the Traditional Owners of the lands and waters of Australia, and we pay our respect to their Elders past and present. We recogni
Slide 3: FY26 Results Highlights
FY26 Results Highlights STRONG PERFORMANCE UNDERPINNED BY FAVOURABLE MARKET CONDITIONS FINANCIAL OPERATIONAL FY26 Net Operating Earnings per Share FY26 DPS Operating Profit1 $103.4m 22.1c 13.0c 2,996 2,665 Up 77% on FY25 Up 68% on FY25 LOTS5 SOLD LOTS5 SETTTLED Up 77% on FY25 $851m EDITDA3 80% NTA2
Slide 4: Masterplanned Communities Core Focus to Drive Growth
Masterplanned Communities Core Focus to Drive Growth EXTENSIVE EXPERIENCE AND CAPABILITY TO DELIVER Leading Australian developer of quality communities with a strong culture, brand and customer focus Masterplanned Communities Townhouses Apartments Desirable and Geographically Low Cost Base Demonstra
Slide 5: Strong Platform for Growth
Strong Platform for Growth UNDERPINNED BY 130 YEARS OF EXPERIENCE More than 26,400 lots across the pipeline Development Projects Funds Management Projects 100% Owned by Peet Co-Investment Partners in Projects 16,613 $7.4bn 9,813 $4.1bn LOTS1 GDV2 LOTS1 GDV2 PIPELINE OF 26,426 LOTS 1 $11.5bn END VALU
Slide 6: Environment, Social, Governance
Environment, Social, Governance OUR COMMITMENT As a leading residential developer with a large national footprint, our approach focuses on sustainable practices to create long-term shared value for our communities, shareholders and people ENVIRONMENT | SOCIAL | GOVERNANCE FY26 HIGHLIGHTS ENVIRONMENT
Slide 7: Results Overview
Results Oyepyrenr Where Vail belong
Slide 8: Group FY26 Financial Results
Group FY26 Financial Results NET OPERATING PROFIT1 UP 77% KEY PERFORMANCE STATISTICS FY26 FY25 VAR (%) Lot sales higher mainly due to strong market conditions in WA Lot2 sales 2,996 2,768 8% Lot2 settlements 2,665 2,642 1% Group revenue higher primarily due to increased fee income, interest income a
Slide 9: Group Cash Flow Summary
Group Cash Flow Summary NET OPERATING CASH FLOW CIRCA $100M CASH FLOWS RELATED TO OPERATING ACTIVITIES FY26($M) FY25($M) Receipts lower due to the timing of settlement revenue mainly from Medium Receipts from customers 425.1 440.6 Density projects Payments for development and infrastructure (226.8)
Slide 10: Group Balance Sheet
Group Balance Sheet GEARING1 REDUCED TO 24.8% CAPITAL MANAGEMENT METRICS FY26 FY25 Does not fully reflect market value of Development projects and co-investment 2 Total assets $1,060.8m $1,082.3m stakes in Funds Management business Book NTA per share2 $1.49 $1.37 Cash and debt facility headroom of $
Slide 11: Our Shareholder Returns
Our Shareholder Returns EARNINGS DRIVING DIVIDEND GROWTH We have returned $293m to shareholders since FY18, through fully franked dividends and our ongoing on- market share buy-back • Disciplined application of our capital management framework and strong balance sheet means shareholders benefit as o
Slide 12: Operating Performance
Operating Verformonce Where Vail belong
Slide 13: Group Operating Performance
Group Operating Performance BALANCE SHEET WEIGHTING TO DEVELOPMENT PROJECTS DELIVERING RESULTS Group EBITDA1 54% • Funds Management earnings increased, driven by higher fee income, shareholder loan interest income and share of net profit from WA projects 21% • Development earnings also increased due
Slide 14: Group Sales and Settlement Activity
Group Sales and Settlement Activity MARKET CONDITIONS IN WA DRIVING STRONG SALES PERFORMANCE Group lot1 sales 8% 9% 6% 7% • Group sales totaled 2,996 lots1 for FY26 7% 20% • Increased sales activity predominantly in WA 16% 27% SETTLEMENT • Sales also increased in Vic from improving market 14% BY COM
Slide 15: Strong Financial Position
Strong Financial Position $851M CONTRACTS ON HAND AS AT 30 JUNE 2026 Value of contracts on hand has increased by 39% since 30 June 2025, providing earnings visibility into FY27 CONTRACTS ON HAND (VALUE) $851m Value of Contracts on Hand 39% $612m • Reflects strong market conditions in WA and Qld mark
Slide 16: Outlook
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Slide 17: Sustained Sales Momentum into FY27
Sustained Sales Momentum into FY27 CONTINUED DEMAND ACROSS WA AND QLD MARKETS DESPITE MODERATION IN ENQUIRY Net residential sales in FY26 increased 8% compared to FY25 Residential Sales and Leads 900 16,000 800 • Enquiry levels eased during 14,000 4Q26 as consumers 700 responded to interest rate 12,
Slide 18: Strategic Projects Driving Future Earnings
Strategic Projects Driving Future Earnings ACTIVATED1 PIPELINE AND NEW PROJECTS LEVERAGING STRONG RESIDENTIAL MARKET Our long life, high margin portfolio of projects has been strategically acquired and developed since 2014 and now underpins a confident outlook over the next decade PROJECT STATE LOTS
Slide 19: Group Outlook
Group Outlook WELL POSITIONED TO TARGET GROWTH IN FY27 • Despite ongoing cost of living pressures, market fundamentals continue to support underlying demand for housing • Key drivers include: • Sustained population growth • Constrained housing supply • Stable labour market • Favourable financial con
Slide 20: Appendices
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Slide 21: Development Operating Performance
Development Operating Performance KEY PERFORMANCE STATISTICS FY26 FY25 VAR (%) Lower settlements following the completion of several Medium Lot1 sales 744 1,065 (30%) Density projects Lot1 settlements 788 843 (7%) Land only 727 714 2% Higher EBITDA and margin due to increased settlements and prices
Slide 22: Funds Management Operating Performance
Funds Management Operating Performance KEY PERFORMANCE STATISTICS FY26 FY25 VAR (%) Lot sales and settlements higher predominantly driven by WA projects Lot1 sales 2,252 1,703 32% Revenue higher primarily due to increased fee and interest income from WA projects, partially offset by decreased Lot1 s
Slide 23: Summary Income Statement
Summary Income Statement KEY PERFORMANCE STATISTICS $M FY26 FY25 VAR (%) Development 305.5 313.2 (2%) Funds Management 93.4 85.0 10% Share of net profit of equity accounted investments 34.6 23.3 48% Net Operating Profit 77% Other1 16.7 15.8 6% Revenue 450.2 437.3 3% EBITDA 162.8 105.5 54% Finance Co
Slide 24: Summary Balance Sheet
Summary Balance Sheet KEY PERFORMANCE STATISTICS $M FY26 FY25 Assets Cash and cash equivalents 14.5 47.3 Receivables Inventories 90.4 747.3 72.6 757.1 Borrowings $74.6m Investments accounted for using the equity method 202.5 198.2 Other 6.1 7.1 Total assets 1,060.8 1,082.3 Liabilities Payables 42.3
Slide 25: Development Projects Pipeline
Development Projects Pipeline Planning Selling PROJECT NAME STATE GDV1 LOTS REMAINING2 FY27 FY28 FY29 FY30 FY31 Greenlea WA $2m 1 Other WA $667m 3,373 Vantage Qld $8m 282 Village Green, Palmview Qld $7m 11 Spring Mountain Qld $40m 60 Little Eagle Qld $49m 49 Flagstone City Qld $3,994m 9,324 Aston Vi
Slide 26: Funds Management Projects Pipeline
Funds Management Projects Pipeline Planning Selling PROJECT NAME STATE GDV1 LOTS REMAINING2 FY27 FY28 FY29 FY30 FY31 Shorehaven WA $422m 705 Brabham WA $814m 2,038 Burns Beach WA $55m 59 Elavale WA $181m 460 Glendalough WA $74m 59 Golden Bay WA $17m 56 Lakelands Estate WA $107m 268 Yanchep Golf Esta
Slide 27: Disclaimer
Disclaimer While every effort is made to provide accurate and complete information, Peet does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. This presentation contains forward-looking statements, including sta
Slide 28: Thank you
Thank you peet.com.au 31 | FY24 Results