Gemlife Communities Group · ASX:GLF
Gemlife Communities — H1 2026 Earnings Presentation
36 slides from Gemlife Communities's earnings presentation, Aug 24, 2026
Slide 1: 1H26 Results Presentation
1H26 For personal use only Results Presentation 24 August 2026 gemlife.com.au GemLife Woodend
Slide 2: Agenda
Agenda Presented by: For personal use only Adrian Puljich Ashmit Thakral Founder, Managing Director and Chief Financial Officer Group Chief Executive Officer Business Overview 03 Financial Performance 08 Acknowledgement of Country Portfolio Overview 16 GemLife acknowledges the Traditional Custodians o
Slide 3: Business Overview
01 For personal use only Business Overview GemLife Moreton Bay Summer House 3
Slide 4: 1H26 Group Overview
1H26 Group Overview Financial Highlights1 Key Metrics • In 1H26, GemLife outperformed on key financial and operational metrics, For personal use only exceeding Prospectus forecasts. Revenue Average Home Sale Price2 • Demand and pricing growth remained strong across the Portfolio, despite $195.1m $876
Slide 5: How We Create Value
How We Create Value GemLife Maroochy Quays GemLife is a leading vertically integrated, pure-play land lease community developer, builder, owner and operator for Australians aged over 50. As a founder-led business, For personal use only GemLife draws on more than 40 years of sector experience. Build
Slide 6: Vertically Integrated Operating Platform
Vertically Integrated Operating Platform GemLife’s vertically integrated building capability provides greater control, capital efficiency and margin retention For personal use only across the development lifecycle. Site Development and Sales and Community Acquisition Construction Marketing Operations
Slide 7: Corporate and Business Updates
Corporate and Business Updates For personal use only Great Place to Work® Construction Skills GemLife Brand Refresh myGemLife App Awards Training Centre Achieved Great Place to Work® Commenced rollout of structured Launched the research-led Launched a central digital platform GemLife Rainbow Beach w
Slide 8: Financial Performance
02 For personal use only Financial Performance GemLife Rainbow Beach 8
Slide 9: 1H26 Financial Overview
1H26 Financial Overview As GemLife continues to develop and activate new Communities, the 1H26 Financial Highlights1 For personal use only Group delivered strong growth in 1H26, Revenue EBITDA Statutory NPAT outperforming 1H25 and exceeding the Prospectus forecasts. $195.1m $71.1m $53.3m +86% on 1H2
Slide 10: EBITDA by Segment
EBITDA by Segment Development Segment ($m unless otherwise stated) 1H26 1H251 Change • Outperformance was driven by higher settlements, increased For personal use only average sale prices and the maintenance of Home Build Margin. Development • Development EBITDA includes marketing expenses for new H
Slide 11: Development
Development Average Home Build Margin ($ and %) over the past 7.5 years $700 60% 52% 52% 51% 50% 50% $600 48% 47% 48% GemLife continues to grow development earnings through strong 50% margins, higher settlement volumes and increased Home sale prices. $500 For personal use only $418 $438 40% $400 $33
Slide 12: Runway, Settlements & Pricing
Runway, Settlements & Pricing Projects with Occupied Homes Occupied Homes 1H26 Runway – Lots left • "Runway" - with the new Sites that are being activated, GemLife is building a For personal use only or Homes under construction State as at 30 Jun 26 Settlements Under Development significant and ident
Slide 13: Community Operations
Community Operations Number of Occupied Homes at End of Period (#) 2,324 2,116 Settlements continue to drive growth in Community Operations by 1,804 increasing Occupied Homes and Site Rental Income. For personal use only 1,449 • The average weekly Site rental fee1 increased • Stable rental income is
Slide 14: Case Study: Moreton Bay
Case Study: Moreton Bay Inventory Opportunity Identified: • By mid-2025, demand at Moreton Bay was materially exceeding supply, with inspections booked three weeks in advance and no available stock Homes for sale. GemLife’s capital management approach and vertically Solution: integrated business mode
Slide 15: Balance Sheet & Capital Management
Balance Sheet & Capital Management A strong balance sheet has been maintained as production ramps up across multiple Communities. For personal use only ($m) 30-Jun-26 31-Dec-25 Gearing Cash and cash equivalents 13.5 9.4 • Gearing of 32.3% remains within the target range of 25%–35%. The increase Inve
Slide 16: Portfolio Overview
03 For personal use only Portfolio Overview GemLife Palmwoods Summer House 16
Slide 17: GemLife Portfolio Overview
Queensland Total South Australia Total GemLife Portfolio Overview Maroochy Quays 264 Strathalbyn 262 Pacific Paradise 211 Bribie Island 415 New South Wales Total GemLife’s Portfolio consists of 10,452 Sites across 33 Communities1 Elimbah 487 Tweed Waters 96 For personal use only GemLife on Dean (Rock
Slide 18: Key Community Updates
Key Community Updates For personal use only Recent Development Approvals (DAs) Earthworks/Civil Construction Active House Construction at three Communities underway at three Communities across 13 Communities GemLife Lighthouse Bay GemLife Beachmere Waterfront GemLife Elimbah • DA for additional 287
Slide 19: Key Community Updates
Key Community Updates For personal use only Facilities Under Construction Settlements Sales Launches GemLife Moreton Bay GemLife Heritage Park GemLife Logan Grove • Moreton Bay Country Club, QLD • Tweed Waters, NSW, fully established • New Gisborne, VIC – already launched, with 34 out • Gold Coast H
Slide 20: Growth, Outlook & Guidance
04 For personal use only Growth, Outlook & Guidance GemLife Gold Coast 20
Slide 21: GemForm Structures – Modern Methods of Construction
GemForm Structures – Modern Methods of Construction Further enhancing GemLife’s vertically integrated operating For personal use only model to increase production capacity to meet growing demand • GemLife has moved to an advanced stage in its evaluation of a vertically integrated factory solution to
Slide 22: Currumbin Waters – Vertical Land Lease 'Sky Homes'
Currumbin Waters – Vertical Land Lease ‘Sky Homes’ Innovation and enhancement of GemLife’s addressable market For personal use only GemLife Currumbin Waters • Currumbin Waters will comprise 215 three-bedroom sky home apartments – spread across eight buildings of three to four storeys. • This product
Slide 23: Outlook & Guidance
GemLife Gold Coast Country Club Outlook & Guidance GemLife is activating Communities and expanding its settlement pipeline to support visible and sustainable earnings growth. For personal use only • Runway activation - six new Communities are commencing settlements in 2026, with Elimbah already sett
Slide 24: Q&A
Q&A For personal use only GemLife Palmwoods 24
Slide 25: Appendix
Appendix For personal use only GemLife Gold Coast 25
Slide 26: 1H26 P&L and Reconciliation to Underlying NPAT
1H26 P&L and Reconciliation to Underlying NPAT 1• Revenue growth largely driven by additional For personal use only P&L ($m) 1H26 1H25 Pro Forma Change settlements (208 in 1H26 vs 119 in 1H25) Revenue 1 195.1 104.9 86% and c. 10% pricing growth. Cost of sales (96.2) (52.4) 84% 2• Gross Profit Margin
Slide 27: 12 Months to June 2026 P&L
12 Months to June 2026 P&L A B C D=A-B+C For personal use only 12 months to Jun-26 12 months to Jun-26 Variance to P&L Bridge – 12 months to June 2026 ($m) FY25 Pro Forma1 1H25 Pro Forma1 1H26 Actual1 Pro Forma Prospectus Prospectus Revenue 281.7 104.9 195.1 371.9 313.7 19% Cost of sales (137.1) (52
Slide 28: Balance Sheet
Balance Sheet For personal use only ($m) 30-Jun-26 31-Dec-25 Cash and cash equivalents 13.5 9.4 1• Increase in investment properties relates to additional Inventories 91.2 88.8 works completed at those properties, and acceleration of the construction program, which has also led to the increase Inves
Slide 29: Cashflow Statement
Cashflow Statement Cashflow Statement ($m) 1H26 1H25 For personal use only Cash flows from operating activities Receipts from customers 209.5 121.2 1• Substantial uplift to Operating Cashflow driven by an increase in settlements & average sales price, as well as a Payments to suppliers and employees (15
Slide 30: GemLife Portfolio
GemLife Portfolio Communities and Projects1 State Occupied Homes1 Under Development DA Approved Pipeline Greenfield Pipeline Total Completed Communities – 4 For personal use only Maroochy Quays QLD 264 – – – 264 Pacific Paradise QLD 211 – – – 211 Tweed Waters NSW 96 – – – 96 Woodend VIC 245 – – – 245
Slide 31: GemLife Portfolio
GemLife Portfolio Communities and Projects1 State Occupied Homes1 Under Development DA Approved Pipeline Greenfield Pipeline Total For personal use only DA Approved Communities - 3 Glass House Mountains QLD – – 114 137 251 Ballina NSW – – 110 – 110 Lennox Head NSW – – 147 1 148 Greenfield Pipeline Com
Slide 32: Environmental, Social and Governance (ESG)
Environmental, Social and Governance (ESG) Embedding sustainability, resident wellbeing and responsible governance as GemLife scales For personal use only Energy and climate leadership Operational differentiation Social licence Governance readiness • Six GemLife Communities • Average GemLife Homes •
Slide 33: Strong Structural Tailwinds Support Long-term Demand
Strong Structural Tailwinds Support Long-term Demand Powerful demographic and housing trends continue to underpin long-term demand For personal use only Australia’s ageing population Forecast Supply and Demand Projected supply shortfall Australians aged 50-84 expected to grow by ~40% by could exceed
Slide 34: Glossary
Glossary Term Definition Term Definition For personal use only Active Communities A community with Occupied Homes. Portfolio Represents the total number of Sites, Communities and Projects, including the settlement of Projects expected to be acquired. Community/Communities A collection of Sites contain
Slide 35: Disclaimer
Disclaimer For personal use only This presentation has been prepared by GemLife Communities Group (“GemLife”) comprising GemLife Group Ltd (ACN 607 629 149) Past performance and Equity Trustees Limited (ACN 004 031 298; AFSL 240975) as responsible entity for GemLife Trust (ARSN 687 162 198), GTH The
Slide 36: Contact Information
Contact Information For personal use only GemLife Over-50s Lifestyle Communities Adrian Puljich M1 Connect Founder, Managing Director & Level 2, 120 Siganto Drive Group Chief Executive Officer Helensvale QLD 4212 GemLife.com.au Ashmit Thakral Chief Financial Officer Ashmit@gemlife.com.au Adam Fairfax
GemLife Communities Group — H1 2026 Earnings Presentation on 6ix