Mirvac Group · ASX:MGR
Mirvac — FY2026 Earnings Presentation
30 slides from Mirvac's earnings presentation, Aug 19, 2026
Slide 1: FY26 Results
FY26 Results 19 August 2026
Slide 2: Agenda
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Agenda Overview Funds Campbell Hanan Campbell Hanan Group CEO & Group CEO & Managing Director Managing Director 3 17 Financial Development Performance Courtenay Smith Stuart Penkli
Slide 3: Acknowledgement of Country
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Acknowledgement of Country Mirvac acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Owners and Custodians of the lands and waters of Australia, and we o
Slide 4: Overview
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS Inves tment N New recurring high quality rental income New recurring asset & funds Overview management fees Funds Ass e t m a n a g e m e nt Campbell Hanan Group CEO & Managing Direc
Slide 5: FY26 results – execution against strategy
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 FY26 results – execution against strategy FY26 Statutory Profit FY26 Group EBIT FY26 Operating Profit FY26 EPS $677m FY25: $68m $826m FY25: $736m $508m FY25: $474m 12.9c FY25: 12.0
Slide 6: Executed against strategic priorities – improving returns
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Executed against strategic priorities – improving returns Platform reset Improved Investment portfolio quality Lifted development returns Expanded Funds offering Created balance sh
Slide 7: Building a visible multi-year growth runway
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Building a visible multi-year growth runway Grow Delivered 7% EPS and 3% NTA growth in FY26, and guiding to EPS growth in FY271 ADDITIONAL CATALYSTS FOR GROWTH GROWING INVESTMENT I
Slide 8: Strong Sustainability, Culture and Governance focus
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Strong Sustainability, Culture and Governance focus Sustainability Our People & Communities Governance Targets1 2030 Net positive for carbon (Scope 1, 2 & 3) and water Sharp focus
Slide 9: Financial Performance
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS Inves tment N Financial New recurring high quality rental income New recurring asset & funds Performance management fees Funds Ass e t m a n a g e m e nt Courtenay Smith Chief Financ
Slide 10: Focused execution driving FY26 earnings growth
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Focused execution driving FY26 earnings growth FY26 FY25 ($m) ($m) Investment INVESTMENT ֜ 12% growth in Living and Industrial NOI from development completions and positive +5.3% I
Slide 11: Balance sheet strength underpins future value creation
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Balance sheet strength underpins future value creation CAPACITY FLEXIBILITY DISCIPLINE We have We have multiple sources of Allows us to deploy with $3,755m Total drawn debt1 create
Slide 12: Investment
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS Inves tment N New recurring high quality rental income New recurring asset & funds Investment management fees Funds Ass e t m a n a g e m e nt Richard Seddon CEO, Investment LIV Anur
Slide 13: Focused exposure to high quality, high growth, irreplaceable assets
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Focused exposure to high quality, high growth, irreplaceable assets ֜ Actively re-positioned Investment portfolio towards Premium Office, Sydney Industrial and Living ~$130m of new
Slide 14: Premium Office portfolio with low expiry risk
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Premium Office portfolio with low expiry risk ֜ High quality, modern (8.5yr average age), 59% Premium1, sustainable portfolio resonating with occupier demand OFFICE ֜ Strong operat
Slide 15: Industrial developments driving strong NOI growth
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Industrial developments driving strong NOI growth ֜ 49% increase in NOI over the past 3 years with a further >91,500 sqm of assets completed in FY26 INDUSTRIAL ֜ Portfolio occupanc
Slide 16: Urban Retail portfolio delivering strong growth
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Urban Retail portfolio delivering strong growth ֜ High occupancy 99%1, LFL growth of +4.5%, +5.7% leasing spreads supporting a valuation gain of +5.0%3 RETAIL ֜ Rent growth support
Slide 17: Growing Living sector exposure with EBIT +9%
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Growing Living sector exposure with EBIT +9% ֜ Strong rent and valuation growth momentum across Living exposure driving attractive total returns with strong execution on growth ini
Slide 18: Funds
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS tm Inves ent N New recurring high quality rental income New recurring asset & funds Funds management fees Funds Ass et management Campbell Hanan CEO & Managing Director SEED Badgerys
Slide 19: Established platforms with significant growth potential
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Established platforms with significant growth potential ~$3.2bn of incremental Benefiting from robust capital demand for modern Living, Premium Office, Industrial & Retail future F
Slide 20: Development
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS tm Inves ent N New recurring high quality rental income New recurring asset & funds Development management fees Funds Ass et management Stuart Penklis Smiths Lane, Melbourne CEO, Dev
Slide 21: Continued improvement in Development returns
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Th e Continued improvement in Development returns Al be rt in e, M el bo ur ne Clear drivers of future value creation 1 2 3 4 Improved margins Activation of pipeline Capital partne
Slide 22: ~$5bn committed Commercial & Mixed Use pipeline underway
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 ~$5bn committed Commercial & Mixed Use pipeline underway OFFICE INDUSTRIAL MIXED USE / LIVING Completions (last 12 months)1 ~$0.4bn ~$0.8bn ~$0.9bn 7 Spencer St, Melbourne ~24% lea
Slide 23: Residential sales resilience supported by new launches
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Residential sales resilience supported by new launches Starting FY27 in a solid position Positive sales and leads growth in FY26 2,425 ֜ Unconditional exchanges up 15% on pcp to 2,
Slide 24: Strategic restocking success across all segments
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Brand, track record and reputation unlocking value Strategic restocking success across all segments >15,00011 new lots secured and/or progressing planning in last 3 years % A: 8 N
Slide 25: Well positioned for ramp up in project settlements into FY27
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Well positioned for ramp up in project settlements into FY27 launched FY26 FY26 FY27 FY28 FY29+ VIC – Woodlea, Smiths Lane, Olivine NSW – Cobbitty & Googong QLD – Everleigh Establi
Slide 26: Summary & Guidance
R S E T C E AT I O AS elopm ent N Dev Development EBIT NTA Uplift Delivers new sustainable assets U R AT S ET C IO AS tm Inves ent N Summary New recurring high quality rental income New recurring asset & funds & Guidance management fees Funds Ass et management Campbell Hanan Group CEO & Managing Dir
Slide 27: FY27 guidance
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 FY27 guidance Mirvac is targeting1: Operating EPS 13.2-13.4cpss (representing ~2-4% growth) Distribution of: 9.9cpss (representing growth of 4.2%) Key assumptions: ֜ FY27 Residenti
Slide 28: Multiple drivers of earnings growth & value creation
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Multiple drivers of earnings growth & value creation wth NAV gro EPS and Investment Development Funds ~$130m new NOI Commercial 5 new ~$1.5bn ~$3.2bn 1 Residential & Mixed Use over
Slide 29: Important notice
Overview Financial Performance Investment Funds Development Summary & Guidance Mirvac Group FY26 Results 19 August 2026 Important notice Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and Mirvac Property Trust (ARSN 086 780 645). This presentation (“Presentation”) has been prepared by Mi
Slide 30: Thank You
Thank You CONTACT Gavin Peacock, CFA | General Manager, Investor Relations investor.relations@mirvac.com AUTHORISED FOR RELEASE BY The Mirvac Group Board MIRVAC GROUP Level 28, 200 George Street, Sydney NSW 2000 REPORTING SUITE The Investor Presentation forms part of Mirvac’s broader reporting suite