Slide 1: ASX Announcement: Half Year Results
ASX Announcement 25 August 2026 Scentre Group grows FFO by 4.4% to $612 million for first six months of 2026; Upgrades full year guidance $612m Scentre Group (ASX: SCG) today released its results for the six months to 30 June 2026 with Funds from Operations (FFO) of $612 million (11.73 cents per sec
Slide 2: Strategic land holdings
“For the 12 months to 30 June 2026, business partners’ sales grew to a record $30.3 billion or $1.0 billion on the same period last year. For the 12 months to 30 June 2026, business partners grew sales by 4.2% and specialty sales grew by 5.4% 1. “Business partners achieved sales growth of 3.7% for t
Slide 3: Capital management
“Over the past 24 months, we have identified and progressed a significant pipeline of dwellings. This year, our potential pipeline has increased from 20,200 to 25,600 dwellings that are approved or in the advanced stages of planning.” The Group has substantially progressed its concept plans to deliv
Slide 4: Outlook
Outlook Mr Rusanow said: “Our strategy is to grow the economic activity at our Westfield destinations, broaden the businesses that partner with us and unlock growth from our strategic land holdings. This is expected to continue to deliver sustainable long-term growth in earnings and create significa
Slide 5: Half Year Results 2026
Amy Shark at Westfield Tuggerah, NSW Half Year Results 2026
Slide 6: Highlights
Highlights Scentre Group creates the places and experiences that more people choose to come to, more often and for longer Customer and Businesses Capital and Investment Financial Communities Management Annual customer visits1 Occupancy New joint venture Funds From Operations 552m 99.8% $882.5m +4.4%
Slide 7: Half Year Overview
Half Year Overview Customer Experience Projects Capital and Investment Management − Welcomed 347 million customers YTD1, up 12 − Works are progressing on the $240 million − Successfully introduced ART as a JV partner for a million or 3.5% on the same period in 2025 redevelopment to elevate Westfield
Slide 8: Customer Visitation
Customer Visitation YTD +3.5% MAT +3.3% Strategic Partnerships +12m +18m 552m Disney’s Toy Story at Westfield Carindale, QLD 347m 534m Amy Shark by Sony at Westfield Knox, VIC 335m 2025 2026 2025 2026 SBS FIFATM World Cup Fan Zone at Westfield Warringah, NSW 2026 Half Year Results 4
Slide 9: Business Partner Sales
Business Partner Sales Total Portfolio Sales (MAT $bn) +$1.0bn For the 12 months to 30 June 2026 total sales were up 4.2% on 20251 $30.3bn $29.3bn For the 6 months to 30 June 2026 total sales $28.6bn were up 3.7% on 20251 $27.8bn $24.4bn $23.5bn $23.4bn $22.9bn 2019 2020 2021 2022 2023 2024 2025 202
Slide 10: Leasing Activity
Leasing Activity +99.8% +5.5% 1,401 Average Specialty Portfolio Occupancy1 Rent Escalations3 Leasing Deals3 +10bps2 CPI + 2% average specialty rent escalations 99.8% 1,515 1,579 1,567 1,577 1,459 1,401 99.7% 1,189 585 585 591 619 550 479 +3.7% Average Specialty 99.3% 99.3% Leasing Spreads3 576 +3.0%
Slide 11: Destinations
42 destinations Our destinations are in close proximity to 21 million people Customer visits 552 million1 Business partner sales QLD 75m customer visits $30.3 billion2 6 672,000 m2 of retail GLA 127ha of land holdings destinations Westfield members 5.2 million Assets under management WA NSW 258m cus
Slide 12: Development Opportunities
Development Opportunities >$4.0bn Future Retail Developments Strategic Landholding – Masterplanning Target yield of 6-7% with an incremental IRR of 12-15% 670 hectares Lodged planning proposals: 21,500 dwellings Westfield Warringah, NSW • Declared a state significant development • Potential to deliv
Slide 13: Operating Profit and FFO
Operating Profit and FFO 6 months to 6 months to $m 30 Jun 2026 30 Jun 2025 Growth $ Growth % Property revenue 1,334.6 1,351.2 Property expenses (320.4) (308.7) Net Operating Income 1,014.2 1,042.5 (28.3) (2.7%) Management income 29.3 27.7 Property Revenue +4.4% Income 1,043.5 1,070.2 (26.7) (2.5%)
Slide 14: Financial Position
Financial Position $m 30 Jun 2026 31 Dec 2025 Net Asset Value Per Security Total Assets1 34,301.6 34,662.2 $0.69 Senior Borrowings2 (11,936.1) (10,545.9) Other liabilities (1,254.9) (1,695.5) Minority interest (188.2) (191.4) Subordinated notes3 (1,550.0) (3,344.4) Net Tangible Assets4 19,372.4 18,8
Slide 15: Funding
Funding Funding Interest Cover Liquidity Senior Borrowings 3.6x $3.5bn $11.9bn Gearing1 35.5% Weighted average facility maturity 4.4 years Subordinated notes $1.6bn FFO to Debt Interest Rate Hedged Weighted average interest rate2 5.4% Interest rate exposure hedged percentage 95% 11.9% 95% Liquidity
Slide 16: Funding
Funding Available liquidity of $3.5 billion at 30 June 2026 Facility Maturity Profile1 % $bn Margin $bn Senior Bonds 3.5 AUD 20% 3.4 USD 4% 0.6 3.0 EUR 15% 2.5 2.5 GBP 4% 0.7 HKD 4% 0.6 2.0 Total 47% 7.8 Bank Facilities 1.5 Drawn 27% 4.4 Undrawn 17% 3.2 1.0 Total 44% 7.6 Total Senior Facilities 91%
Slide 17: Interest Rate Hedging
Interest Rate Hedging Hedge Maturity Profile and Rates1,2 $bn 14.0 3.26% 12.0 95% at 3.26% 3.29% 3.55% 10.0 Hedged at June 2026 3.78% 8.0 95% Hedged 3.99% 89% at 3.29% 6.0 89% Hedged 83% 4.10% Hedged 72% Hedged 4.32% 4.0 Hedged at December 2026 4.39% 46% Hedged 40% Hedged 31% 2.0 25% Hedged Hedged 0
Slide 18: Outlook
Outlook Subject to no material change in conditions: − The Group’s target for FFO has been upgraded to at least 23.79 cents per security for 2026, representing at least 4.25% growth for the year − Distribution guidance for the second half of 2026 has been upgraded to 9.258 cents per security. This e
Slide 19: Appendices
Appendices 2026 Half Year Results 15 Brisbane Broncos at Westfield Chermside, QLD
Slide 20: Developments: Westfield Bondi
Developments Active Westfield Bondi, NSW Overview Highlights Project Cost $240m (SCG Share: $240m) Introducing a reimagined dining and entertainment Commencement 2025 precinct on level 6, anchored by an upgraded Event Completion Progressively from Q4 2026 Cinemas and Kingpin, a leading entertainment
Slide 21: Developments: Penrith and Tuggerah
Developments Active Westfield Penrith, NSW Westfield Tuggerah, NSW Overview Overview Project Cost $30m (SCG Share: $15m) Project Cost $20m (SCG Share: $20m) Commencement 2026 Commencement 2026 Completion H2 2027 Completion From Q3 2026 Highlights Highlights Introducing the next evolution of Westfiel
Slide 22: Profit and FFO
Profit and FFO Statutory Profit FFO Financial Reconciliation from Profit to FFO 6 months to FFO 6 months to Statement $m 30 Jun 2026 Adjustments1 30 Jun 2026 Notes 1. FFO is calculated based on statutory profit after tax, which is A B C=A+B adjusted to exclude property revaluations, mark to market o
Slide 23: Operating Cashflow
Operating Cashflow Cash flows from operating activities – proportionate Equity 6 Months to 6 Months to $m Consolidated Accounted 30 Jun 2026 30 Jun 2025 Receipts in the course of operations (including GST) 1,364.3 234.3 1,598.6 1,600.5 Payments in the course of operations (including GST) (449.7) (67
Slide 24: Balance Sheet
Balance Sheet Balance Sheet – Proportionate1 Equity Debt $m Consolidated Accounted 30 Jun 2026 Reclassification 30 Jun 2026 1. Period end AUD/NZD exchange rate 1.2163 at 30 June 2026 A B C=A+B 2. Includes trade debtors and receivables, interest receivable, Cash 277.8 54.7 332.5 (332.5) - interest re
Slide 25: Business Partner Sales
Business Partner Sales Growth over 20251 Total sales were 4.2% higher for the 12 months to June Total Portfolio 12 Months to 6 Months to 3 Months to Sales Growth by Category 30 Jun 2026 30 Jun 2026 30 Jun 2026 Specialty sales were 5.4% higher for the 12 months to June Fashion 5.3% 6.1% 6.2% Technolo
Slide 26: Property Valuations June 2026
Property Valuations 30 June 2026 AUSTRALIA (A$m) Ownership Book Value Retail Cap Rate Economic Yield AUSTRALIA (A$m) Ownership Book Value Retail Cap Rate Economic Yield Australian Capital Territory South Australia Belconnen 100% 845.0 6.25% 6.70% Marion 50% 670.0 6.00% 6.97% Woden 50% 305.2 6.25% 7.
Slide 27: Important Notice
Important Notice Scentre Group Limited All amounts in Australian dollars unless otherwise specified. ABN 66 001 671 496 The material in this release and presentation is for general information purposes only and is given Scentre Management Limited in summary form. Information in this presentation is