Gpt Group · ASX:GPT
Gpt — Investor Presentation (October 2025)
30 slides from Gpt's investor presentation, Oct 21, 2025
Slide 1: Retail platform presentation & Rouse Hill Town Centre site tour
Experience First Retail platform presentation & Rouse Hill Town Centre site tour Artist’s render, Rouse Hill Town Centre redevelopment, NSW. 21 October 2025
Slide 2: Agenda
Agenda Our Research view 3 Retail management platform 9 We acknowledge the Darug people of the land Leasing & Asset management capability 13 we have gathered on today. Investment management capability 16 We pay our respects to the Elders past and present, for they hold the memories, the traditions,
Slide 3: Our Research view
Experience First Our Research view Australian Retail sector Highpoint Shopping Centre, VIC. October 2025
Slide 4: Australian Market
Australian Market Net overseas migration 12mths1 Annual GDP & population growth outlook, 2025 – 20342 2.0% 600 The retail investment 500 1.5% Population Growth % p.a. Australia 400 proposition is 1.0% United 300 underpinned Canada Thousands 0.5% Kingdom United States 200 by a relatively stable 100 0
Slide 5: Why retail - structural market advantages
Why retail - structural market advantages Australian shopping centres have been resilient and are Strong Australia has the highest population growth of any major mature economy, underpinning expected to continue population growth spending growth in the medium to long term. to adapt and thrive Limite
Slide 6: Supply shortfall to drive rental growth
Supply Development pipeline1 Economic rent threshold index 3 shortfall Australian retail GLA per to drive capita ~0.9sqm vs rental ~1.5sqm in Canada & ~2.1sqm in the +37% growth US2 150 700 140 600 Forecast 130 Constrained supply under challenging feasibility 500 120 metrics (particularly for Square
Slide 7: Limited new supply and strong population underpin performance
Limited new supply and Retail stock1 vs population growth index (2019=100) strong 5-year outlook population to 120 7.3% underpin 115 Population growth performance 110 vs 105 0.9% The divergence between Retail stock 100 growth by 2030 population and total retail stock is expected to 95 widen in the n
Slide 8: Why now – passing the inflection point
Why now – passing the inflection point Index of retail turnover2 and capital values3 - 1 Fundamentals Sales growth historical context accelerated, rents have improved significantly re-based and vacancy rates are low Valuations stabilised 2 Regional shopping centre values in 2024 troughed in 2H241 3
Slide 9: Retail management platform
Experience First Retail management Macquarie Centre, NSW. platform
Slide 10: GPT Retail platform investment
GPT Retail platform investment As at 30 June 2025 GPT Retail management platform Investment management structure Retail platform Balance Sheet $15.9b $4.8b Pooled Funds Mandates Partnerships AUM $3.5b $6.6b $1.0b Generating sustainable income growth from Investment Investment GPT Wholesale UniSuper,
Slide 11: GPT Retail management platform
GPT Retail management 18 1.5m sqm 285+ $12.4b 243m platform Owned or Gross Retail property Moving Annual Annual managed assets Lettable Area professionals Turnover (MAT) Customer visits The Retail Management Platform geographic spread is Key 1H 2025 platform comprises direct weighted to Australia’s
Slide 12: GPT's Retail ambition
GPT’s Retail The GPT Retail Platform ambition Utilising our Using data and operating platform Our ambition is to be insights to to drive asset comprehensively acknowledged as the understand our outperformance and creating value leading retail platform, customers and through our focused on driving ou
Slide 13: Leasing & Asset management capability
Experience First Leasing & Asset management Macarthur Square, NSW. capability
Slide 14: Tenant selection – Brand Scope analytics
Tenant selection – Brand Scope analytics Guides • Consolidates and ranks brand level data leasing decisions • Informs tenant selection GPT’s ‘Brand Scope’ is a leasing 9 analysis tool to assist in retail • Projects sales and rental expectations tenant selection and produce Broad • Aligns centre cust
Slide 15: Voice of Customer
Voice of Customer The Hive Customer data platform • Houses +1.6 million customer members • Track engagement, influence Capturing and actively behaviour with targeted campaigns responding to customer • Create value through building insights enables GPT to align customer loyalty with our and refine ou
Slide 16: Investment management capability
Experience First Investment management Sunshine Plaza, QLD. capability
Slide 17: Asset selection – Market Scope analytics
Asset selection – Market Scope analytics True market • Markets defined based on the estimated trade assessment area of each Centre GPT’s ‘Market Scope’ rates and ranks Australian Shopping Centres based on market Future • Accounts for forecast population growth (10-year) and retail supply Powered by:
Slide 18: GPT owned and managed retail asset portfolio
GPT owned and managed retail asset portfolio VIC NSW Chirnside Park, Melbourne Malvern Central, Melbourne Parkmore Shopping Centre, Melbourne Charlestown Square, Dapto Mall, Sydney Macarthur Square, Sydney Marrickville Metro, Sydney GLA 38,800 sqm GLA 14,767sqm GLA 36,900 sqm Newcastle GLA 22,500 sq
Slide 19: GPT Peer comparison June 2025
GPT Peer comparison June 2025 Retail Investment portfolio outperformed listed peers across multiple performance measures at 30 June 2025 including occupancy, like for like net property income (NPI) growth, MAT growth and Specialty productivity Period ending 30 June 2025 Ranked Portfolio occupancy 99
Slide 20: Development capability
Experience First Development Artist’s render Rouse Hill Town Centre redevelopment, NSW. capability
Slide 21: Retail platform development pipeline
Retail platform development pipeline Planned Retail development pipeline totaling >$1.5b Under Construction Planned Master Planning Rouse Hill Town Centre Chirnside Park, Melbourne Central, Cockburn Gateway, Pacific Fair Shopping Karrinyup Shopping Highpoint Shopping Sydney - Expansion Melbourne - R
Slide 22: Creation of Rouse Hill Town Centre
Creation of Rouse Hill Town Centre 2024 Early 2000’s 2007 Surrounding suburbs infill 2025 The suburb of Rouse Hill Rouse Hill Town Centre opens and infrastructure delivery Expansion commences 2000 2003 2007 2019 2024 2025 2003 2019 2025 Government Tender Rouse Hill Metro launches GWSCF 50% Acquisiti
Slide 23: Rouse Hill Case study
Rouse Hill Case study One of the most affluent catchment areas both in Sydney and Australia overall Highest Quality Demographic profile Core Customers • Prosperous Families – 38.8% of existing Centre Spend 74.3% of Centre Spend Affluent Income • The market is also characterised by above average hous
Slide 24: Strategic context & Market drivers
Strategic context & Market drivers Large scale land Northern Frame developments • The Gables Town Precinct Centre (Stockland) • 1,500 dwellings 2,900 houses • 75,000sqm office • The Hills of Carmel 2,000 houses The new Metro Rouse Hill 45min to CBD Hospital Convenient access NSW Health to Rouse Hill
Slide 25: Rouse Hill Town Centre Masterplan
Rouse Hill Town Centre Masterplan Existing Centre ~70,000sqm GLA Retail Expansion (yellow) • ~10,500sqm incremental GLA • Adding 50+ tenancies • ~ $200m Development Cost • Completion anticipated Q4 2026 Northern Precinct (purple) in planning, 1,500 dwellings & 70,000sqm commercial GPT Listed Investo
Slide 26: Rouse Hill Town Centre – expansion underway
Rouse Hill Town Centre – expansion underway Best in class retail mix – expand & elevate Best-in-class retailers across key growth categories: • Elevated fashion & beauty offer • Expanded apparel & athleisure • New food catering & dining spaces Secured key mini-majors, specialty and food tenants Cent
Slide 27: On-Site Progress
On-Site Progress In-line with approved program 31 Mar 17 Oct GPT Listed Investor Tour – October 2025 27
Slide 28: Rouse Hill Town Centre
Rouse Hill Town Centre A meeting place for the local community Experience First GPT Listed Investor Tour – October 2025 Artist’s Impression, Rouse Hill Town Centre Stage 2 Development 28
Slide 29: Disclaimer
Disclaimer This Presentation (Presentation) has been prepared by The GPT Group comprising GPT RE Such material is, by its nature, subject to significant uncertainties and contingencies Limited (ACN 107 426 504; AFSL 286511), as responsible entity of the General Property Trust, outside of GPT’s contr
Slide 30: 21 October 2025
21 October 2025 GPT Listed Investor Tour – October 2025 30