Growthpoint Properties Limited · JSE:GRT
Growthpoint Properties — Shareholder Meeting (November 2025)
33 slides from Growthpoint Properties's shareholder meeting presentation, November 2025
Slide 1: Growthpoint AGM Roadshow 2025
Growthpoint AGM Roadshow 2025 November 2025
Slide 2: Agenda
AGENDA 01 H i g h l i g h t s 02 I n t r o d u c t i o n - r e m u n e r a t i o n 03 2 0 2 4 & 2 0 2 3 v o t i n g o u t c o m e s 04 S h a r e h o l d e r f e e d b a c k 05 A l i g n m e n t w i t h s h a r e h o l d e r s 06 I m p l e m e n t a t i o n 07 F Y 2 6 S T I s c o r e c a r d 08 F Y 2
Slide 3: Highlights
HIGHLIGHTS 01 Results outperformance Demonstrable progress embedding ESG metrics into the LTI scorecard • Initial DIPS guidance of -2% to -5% • Electricity consumption • Updated at the half year to 1% to 3% • Water consumption • Delivered +3.1% • Organic waste diverted from landfill • Driven by a st
Slide 4: Introduction
INTRODUCTION 02 » The FY25 remuneration policy was implemented in line with shareholders’ approval » There have been no deviations from the policy » We have considered shareholder feedback and input from our remuneration advisors (Bowmans) and have made further appropriate changes to the FY26 scorec
Slide 5: 2024 & 2023 Voting Outcomes
2024 & 2023 VOTING OUTCOMES 03 Policy Implementation Approval of the Approval of the remuneration policy remuneration implementation 2024 AGM results 2024 AGM results 92.2% 86.9% 2023 AGM results 2023 AGM results Parramatta, Union Castle,New V&ASouth Waterfront, Wales, Sydney Cape Town 84.7% 70.3% 5
Slide 6: Key themes from the November 2024 remuneration roadshow
KEY THEMES FROM THE NOVEMBER 2024 REMUNERATION ROADSHOW 04 Investor feedback received Our response Support for the evolution of STI and Over the past few years, the committee has LTI scorecards. Directionally, recalibrated both the STI and LTI scorecards to strengthen alignment with shareholder expe
Slide 7: Key themes from the November 2024 remuneration roadshow
KEY THEMES FROM THE NOVEMBER 2024 REMUNERATION ROADSHOW 04 Investor feedback received Our response Desire for faster implementation of While speed and agility are important, many of our strategic initiatives. strategic initiatives involve complex transactions that require careful execution and are s
Slide 8: Alignment with shareholders
ALIGNMENT WITH SHAREHOLDERS 05 3.1% increase in DIPS 6.1% increase in DPS 1.6% decline in NAVPS (Decrease due to the sale of C&R and reduced valuations for GOZ) 4.6% 20.1% 9.9% total return total shareholder return increase in share price (to 30 June 2025) (SA REIT NAVPS movement plus DPS) Executive
Slide 9: FY25 Remuneration
FY25 REMUNERATION 05 STI ERS Cash STI and Total Total TFR GOZ directors’ cash LTI vesting DSTI as remuneration remuneration % Rand FY25 fees FY25 bonus DSTI vesting FY25 % of TFR FY25 FY24 change Group CEO 8 980 799 1 626 008 9 469 500 9 469 500 7 434 363 - 211% 36 980 170 24 923 268 48.38% CEO SA 6
Slide 10: Total Remuneration
TOTAL REMUNERATION* 05 FY25 remuneration levels have reached FY19 remuneration levels 40 FY25 35 FY19 FY22 30 FY25 FY23 FY22 FY20 FY19 25 FY21 FY24 FY23 20 FY20 FY24 FY21 FY25 Rm FY22 15 FY23 FY24 FY19 FY20 10 FY21 5 0 GROUP CEO CEO SA GROUP FD 5% 10% 65% increase increase increase FY19 to FY19 to F
Slide 11: FY25 Remuneration Benchmarking Results
FY25 REMUNERATION BENCHMARKING RESULTS 05 Group CEO on-target total remuneration was between the lower quartile and the median of the market capitalization comparator group. The compa-ratios were within an acceptable range for all the benchmarks including the SA REIT regression. CEO SA on-target tot
Slide 12: FY25 STI Scorecard
FY25 STI SCORECARD 06 Based on a 75% participation ratio for on target performance P Income ER S UP MEASURE statement, Gerald Völkel, 113% SO 40% NAL MEAS 85% 15% Estienne de Klerk, 91% Balance sheet, 25% O Norbert Sasse, 90% GR U ESG, RE 20% S Honeywell, Midrand 12
Slide 13: FY25 STI Scorecard
FY25 STI SCORECARD 06 Weight Threshold Target Stretch Multiplier Weighted KPI (%) 50% 100% 150% Score (%) modifier Group measure 85.00 141.34 120.14 Income statement 40.00 58.00 (1) Absolute DIPS growth (cents) 10.00 141.90 143.32 144.74 146.30 150.00% 15.00% (2) Relative DIPS growth (%)¹ 20.00 35.0
Slide 14: Investec Relative DIPS Calculations on a Capped Weighted Basis
INVESTEC RELATIVE DIPS CALCULATIONS ON A CAPPED WEIGHTED BASIS 06 Relative DIPS Growth in DIPS Relative DIPS Rank Last reported Market Capped Company name period capitalisation Weighting Weighting FY-1 FY-0 FY-1 FY-0 FY-1 FY-0 Attacq Limited 31/12/2024 9,838,777,223 5% 6% 0.2% 2.5% 0.2% 2.2% Percent
Slide 15: FY25 LTI Scorecard (FY23/1 October 2022 Awards)
FY25 LTI SCORECARD (FY23/1 OCTOBER 2022 AWARDS) 06 Based on a 75% participation ratio for on target performance ES R ENVIRONMENTAL CIAL MEASU ES G ME SURES 85% 15% SOCIAL A N GOVERNANCE NA FI First year that the LTI vesting was changed from a 3-year vesting to a 4-year vesting, with 100% of the awar
Slide 16: FY25 LTI Scorecard
FY25 LTI SCORECARD 06 FY25 LTI outcomes for the 1 October 2022 awards that vested based on FY23, FY24 and FY25’s performance Weight Threshold Target Stretch Quartile Multiplier Weighted KPI (%) 50% 100% 150% Score ranking (%) modifier Total measure 100.00 91.66 Financial 85.00 73.76 Absolute total r
Slide 17: Investec Relative TR & TSR Calculations on a Capped Weighted Basis
INVESTEC RELATIVE TR & TSR CALCULATIONS ON A CAPPED WEIGHTED BASIS 06 TR TSR Total return Total shareholder return Rank Rank Market Capped Company name capitalisation Weighting Weighting 36-month rolling 36-month rolling FY-0 FY-0 Attacq Limited 9,838,777,223 5% 6% 1.8% 7.7% Percentile rank 46.10% 4
Slide 18: FY26 STI Scorecard
FY26 STI SCORECARD 07 Based on a 75% participation ratio for on target performance P Income ER S UP MEASURE statement SO 45% (FY25: 40%) NAL MEAS 85% 15% (FY25: Balance sheet (FY25: 15%) 85%) 20% (FY25: 25%) O GR U ESG RE 20% (FY25: 20%) S Centralpoint, Midrand 18
Slide 19: FY26 STI Scorecard
FY26 STI SCORECARD 07 STI performance conditions Weight Threshold Target Stretch 50% 100% 150% 1) Absolute DIPS growth (cps) 12.5% FY25 DIPS + 2% : 149.2cps FY25 DIPS + 4% : 152.2cps FY25 DIPS + 6% : 155.1cps (FY25: 10%) (FY25: 141.9) (FY25: 143.3) (FY24: 144.7) 2) Relative DIPS Growth 22.5% 40% 60%
Slide 20: FY26 LTI Scorecard (1 October 2025 Awards)
FY26 LTI SCORECARD (1 OCTOBER 2025 AWARDS) 08 Based on a 75% participation ratio for on target performance ES R ENVIRONMENTAL CIAL MEASU ES G ME SURES 20% (FY25: SOCIAL 80% A 20%) (FY25: 80%) N GOVERNANCE NA FI 4-year vesting, with 100% of the awards assessed for performance at the end of 3 years wi
Slide 21: FY26 LTI Scorecard
FY26 LTI SCORECARD 08 FY26 – 1 October 2025 Awards A cap of 300% of TFR is in place for LTI vesting outcomes to protect against windfall gains. Weight Threshold Target Stretch 50% 100% 150% Relative TR¹ 20.0% 40th percentile 60th percentile 75th percentile (FY25: 35%) (FY25: 55%) (FY25: 75%) Financi
Slide 22: Benchmarking – Market Cap Comparator Group
BENCHMARKING – MARKET CAP COMPARATOR GROUP 09 » A comparator group of JSE-listed companies with similar market capitalisation is used for benchmarking the Executive Directors’ total remuneration and NEDs’ fees » This comparator group is reviewed every three years, unless there are corporate events t
Slide 23: Benchmarking – Market Cap Comparator Group
BENCHMARKING – MARKET CAP COMPARATOR GROUP 09 Market Capitalisation as at 30 June 2023 (Rbn) Woolworths Clicks Group Pepkor Old Mutual OUTsurance Multichoice Group Growthpoint Properties Median Mr Price Group Santam Investec Tiger Brands The Foschini Group Life Healthcare Group 0 10 20 30 40 50 60 7
Slide 24: FY26 Focus Areas
FY26 FOCUS AREAS 10 Continued review of Vertical & horizontal Employee development Culture work: executive KPIs and pay equity analysis plans that support assessing our current scorecards to ensure with a focus on our succession, culture and defining alignment between addressing potential transforma
Slide 25: Board Demographics
BOARD DEMOGRAPHICS 10 Projected post Norbert and Geralds FY25 retirement and including the appointment of one black female by 30 December 2025 GENDER Wom - 1 Wom - 2 Men - 8 Men - 7 22.2% 88.9% 11.1% en en 77.8% DEMOGRAPHICS 5 4 3 3 1 1 1 0 ACI Women White Women ACI Men White Men ACI Women White Wom
Slide 26: FY26 Focus Areas: ESG
FY26 FOCUS AREAS: ESG 10 Focus on what makes business sense and attracts and retains tenants Utilities management Climate Change and carbon neutral pathway Renewable energy Water, waste Building certifications PPA and electricity intensity including net zero carbon, Solar water and waste certificati
Slide 27: Environmental Targets
ENVIRONMENTAL TARGETS 10 28% 68MWp Of FY23’s electricity consumed is to be of rooftop solar installed on supplied by renewable energy by FY28 our buildings by FY26 20 100% South African buildings certified Certification of all long-term as net zero (carbon, water or waste) hold office buildings by F
Slide 28: FY26 Social Focus Area
FY26 SOCIAL FOCUS AREA 10 Focus on education and enterprise supplier development Property Point Our people Growthpoint Gems B-BBEE Trust Through Property Point, we support Our GEMS education programme The Growthpoint Broad-Based Black the growth and formalisation of supports qualifying employees by
Slide 29: Resolutions
RESOLUTIONS 11 Elect members Approval Other of the SET of NED Fees resolutions committee NED Costs are coming All other resolutions As per the requirements down with a smaller remain standard, with no of the Companies hardworking Board: changes from the prior Amendment Act it is now FY25: R11.5m (6
Slide 30: Resolutions: Ordinary Resolutions
RESOLUTIONS 11 1: ORDINARY RESOLUTIONS 1. Re-election of Non-executive Directors who are to retire at the meeting and hold themselves available for re-election 1. Mr FM Berkeley 2. Mrs EA Wilton 2. Election of Audit Committee members 1. Mr M Hamman as committee Chairman 2. Mr FM Berkeley subject to
Slide 31: Resolutions: Ordinary Resolutions continued
RESOLUTIONS 11 1: ORDINARY RESOLUTIONS continued 5. To place the unissued authorised ordinary shares of the company under the control of the Directors, limited to 10% of the number of shares in issue (2024: 10%) 6. Specific and exclusive authority to issue ordinary shares to afford shareholders dist
Slide 32: Resolutions: Special Resolutions
RESOLUTIONS 11 2: SPECIAL RESOLUTIONS 1. Approval of Non-executive Directors’ fees for financial year ending 30 June 2026: Approval of an average 5.0% increase (2024: 5.5%) for Non-executive Directors’ fees for financial year ending 30 June 2026 2. Financial assistance in terms of section 44 of the
Slide 33: Thank You
THANK YOU Alice Lane Precinct, Sandton
Growthpoint Properties — Shareholder Meeting (November 2025) on 6ix