Goodman Group · ASX:GMG
Goodman — Goodman Property Trust — Shareholder Meeting (August 2025)
27 slides from Goodman's shareholder meeting presentation, Aug 28, 2025
Slide 1: Goodman Property Trust Annual Meeting of Unitholders
Goodman Property Trust Annual Meeting of Unitholders 28 August 2025
Slide 2: FY25 operating results and our strategy for growth
FY25 operating Sustainability results and our strategy for growth Questions Formal business
Slide 3: Chair of meeting, notice, quorum, emergency procedures
+ Chair of meeting + Notice formally given + Quorum confirmed + Emergency procedures
Slide 4: Board and management
John Dakin Greg Goodman Leonie Freeman Steve Jurkovich Chair and Non-executive Director Independent Director Independent Director Non-executive Director David Gibson Laurissa Cooney James Spence Andy Eakin Deputy Chair Independent Director Chief Executive Officer Chief Financial Officer and Independ
Slide 5: FY25 highlights
+ FY25 is the first year as an internally managed property investment business + GMT has delivered strong operating results and made significant progress toward wider business objectives + Distributions have increased by almost 5%, and continue five years of consistent growth + Stable property valua
Slide 6: Highbrook Fund and funds management business
+ The new Highbrook Fund establishes a complementary property funds management business + The limited partnership leverages existing management capabilities and provides GMT with alternative sources of capital + Generating management fee income, it also diversifies GMT’s revenue streams + The abilit
Slide 7: FY25 Results & Strategy
FY25 RESULTS & STRATEGY
Slide 8: Portfolio size and customers
Portfolio size As at 31 March 2025 ROSEDALE 1.2m sqm Customers AUCKLAND CBD PORTS OF 215+ ROMA AUCKLAND CONNECT THE GATE PENROSE WAITOMOKIA TĀMAKI METRO PORT LEONARD SH20 FAVONA MT WELLINGTON AUCKLAND ŌTĀHUHU AIRPORT WESTNEY SAVILL LINK Weighted average TRAIN lease term WIRI INLAND PORT M20 SH1 HIGH
Slide 9: FY25 financial results
NET PROPERTY INCOME NET TANGIBLE ASSETS SIGNIFY – ROMA ROAD ESTATE $230.5m 202.2cpu 13.5% increase on FY24 and An 8 bps increase from 201.4 cpu like-for-like growth of 7.3% at 31 March 2024 OPERATING EARNINGS1 AFTER TAX FY26 CAPITAL RECYCLING $125.0m $670m+ 3.0% increase on FY24 from the Highbrook p
Slide 10: FY25 results and FY26 guidance
FY25 results + Cash earnings of 7.55 cents per unit reflected 5% growth on a like-for-like basis1 + Quarterly distributions totalling 6.5 cents per unit were paid FY26 guidance + Cash earnings are expected to be around 8.0 cents per unit, reflecting a similar increase to that achieved in FY25 DSL -
Slide 11: Completed developments
MAINFREIGHT AND MAINFREIGHT 2HOME – SAVILL LINK 50,286 sqm Net lettable area Completion value Yield on additional cost $214.8m 8.0% WALT Leased 9.4 years 100% SIKA, COTTON ON AND SIGNIFY – ROMA ROAD ESTATE1 1 NZ Post (back right) was completed in the previous financial year and Sika was leased post-
Slide 12: Mt Wellington regeneration plan stage one
+ GMT is commencing stage one of the regeneration plan + The initial stage includes the development of a standalone warehouse and adjoining multi-unit facility totalling 21,143 sqm MT WELLINGTON ESTATE + The project is being undertaken on a build-to-lease basis to meet future demand and take advanta
Slide 13: Development contribution to growth
Development has been a major contributor to GMT’s growth, with around 90% of the core portfolio developed since 2004 MT WELLINGTON ESTATE WAITOMOKIA Stage one, total project cost of expected total developed NLA DATA CENTRE OPTIONALITY BROWNFIELD OPPORTUNITY For preliminary design work and Strategic
Slide 14: International logistics examples
LUTON, LONDON, ENGLAND MACQUARIE PARK, SYDNEY, AUSTRALIA CRAIGEBURN, MELBOURNE AUSTRALIA MASCOT, SYDNEY, AUSTRALIA
Slide 15: Data centre development preparation at Penrose
+ To prepare for potential data centre development, GMT is investing up to $20 million in preliminary design work and infrastructure upgrades + Completing this initial phase provides GMT with greater optionality in a rapidly evolving sector PENROSE INDUSTRIAL ESTATE + A development-ready site—comple
Slide 16: Key takeaways
1. GMT’s investment strategy is delivering strong operating results 2. A property funds management business will contribute to GMT’S future growth and superior returns 3. Guidance for FY26 is for 5% growth in both GMT’s earnings and distributions
Slide 17: Sustainability
02 SUSTAINABILITY
Slide 18: Sustainability integrated into strategy
+ Sustainability is integrated into our strategic planning and across our business operations + Our focus is on the built environment and the delivery of sustainable property solutions that meet the evolving needs of our customers + GMT’s 2025 annual report incorporates its climate-related disclosur
Slide 19: Total emissions
38,322 tCO2e Corporate emissions 1.7% SCOPE 3 Downstream emissions + Total emissions of 38,322 tCO2e are 5% lower than FY24 on an absolute basis 16.2% + Customer emissions from occupying SCOPE 3 Upstream emissions space represents 16.2% of total emissions 82.0% + Representing 82%, development activi
Slide 20: FY25 results and 2030 targets
FY25 results + Three development completions generated 24,500 tCO2e of upfront embodied carbon + These projects are expected to achieve a 5 Green Star Built rating 2030 targets + To reduce the emissions intensity of new development projects by 30% against a STANLEY BLACK AND DECKER – HIGHBROOK 2025
Slide 21: Portfolio upgrade projects
+ Ongoing upgrade projects improve the operational and environmental performance of our portfolio + Over the last 12 months we have invested $10.3 million to improve resource efficiency and add resilience to the portfolio + Smart LED lighting, electrical submetering, rooftop solar and more efficient
Slide 22: Community partnerships
We partner with community groups to improve social outcomes in the areas where we invest
Slide 23: Questions
22 QUESTIONS =
Slide 24: Formal Business
— 04 aT Tnw ae 1/0 =. ha FORMAL . —, > —~ BUSINESS
Slide 25: Reappointment of Directors
REAPPOINTMENT OF DIRECTORS 1. As an ordinary resolution, that Unitholders approve the reappointment of John Dakin as a Director of the Manager 2. As an ordinary resolution, that Unitholders approve the reappointment of Greg Goodman as a Director of the Manager 3. As an ordinary resolution, that Unit
Slide 26: Poll and conclusion of meeting
+ We will now proceed to a poll and conclude the meeting + Webcast participants please submit your votes now + The result of the poll will be announced to the NZX
Slide 27: nz.goodman.com
The information and opinions in this presentation were prepared by Goodman Property Services (NZ) Limited on behalf of Goodman Property Trust or one of its subsidiaries (GMT). GMT makes no representation or warranty as to the accuracy or completeness of the information in this presentation. Opinions
Goodman Property Trust — Shareholder Meeting (August 2025) on 6ix