Eureka Group Holdings Limited · ASX:EGH
Eureka — Merger or Acquisition (September 2026)
35 slides from Eureka's merger presentation, Sep 3, 2026
Slide 1: Transformational Acquisition and Equity Raising
Transformational Acquisition and Equity Raising September 2026 For personal use only Bevington Shores (Lake Macquarie, NSW)
Slide 2: Transaction overview
Transaction overview Transformational off-market acquisition materially increases scale, NSW exposure and drives earnings accretion For personal use only • Eureka has entered into contracts with Ingenia Communities Group (ASX: INA) to acquire six lifestyle and mixed-use communities comprising 953 si
Slide 3: Investment highlights
Investment highlights A structurally undersupplied living sector pairs recurring cashflows with strong ingoing yields and double-digit IRRs, on existing assets with no development risk For personal use only • Adds six established, income-producing communities and 953 sites, directly advancing Eureka
Slide 4: Acquisition of NSW Living Portfolio
Acquisition of NSW Living Portfolio NSW Living Portfolio comprises six lifestyle community assets across Greater Sydney, Central Coast, Hunter and Shoalhaven 1 The Grange (Central Coast) (209 sites) 2 Bevington Shores (Central Coast) (193 sites) For personal use only Hunter Valley 5 1 Central Coast
Slide 5: Portfolio overview
Portfolio overview Six high-quality assets in key Sydney and NSW regions Purchase price Ingoing yield Permanent Tourist cabins Tourist sites Total homes/sites Permanent as % Type Region ($m) (%) (# of sites) (# of sites) (# of sites) (#) of total For personal use only Morisset 1 The Grange LLC (Cent
Slide 6: Australia's structural context and demand for affordable rentals
Australia's structural context and demand for affordable rentals Rents have outpaced wages 2.5x over five years Australia’s rental market relies on private investors For personal use only Since March 2006: rents +126.6% vs wages +79.8%; the gap widened sharply after 2021. • “The five years prior to
Slide 7: Eureka Post Acquisition
For personal use only 01 Eureka Post Acquisition Portfolio impact Delivering on strategic plan
Slide 8: Portfolio impact
Portfolio impact Acquisition delivers material uplift in scale and improves diversification Post NSW Living Geographic diversification (by homes/sites under management) (#) Key Metrics 30 June 20261 Change Portfolio For personal use only 6% 5% Total number of villages 64 70 +6 8% 7% 8% 12% Investmen
Slide 9: Australia's only ASX listed rental specialist
Australia’s only ASX listed rental specialist NATIONAL FOOTPRINT1,2 PORTFOLIO SNAPSHOT Post NSW Living Portfolio and other announced transactions1 For personal use only 19 51 3,061 $666m All-Age Rental Seniors Rental Homes under management – Assets under management Villages Villages Seniors ▲ 12% on
Slide 10: Delivering on strategy
Delivering on strategy Growth strategy delivering substantial scale and earnings growth $255m 16 8.2% 16.1% >$120m For personal use only Acquisitions (incl. transaction Properties acquired Weighted average Weighted average IRR Acquisitions under assessment costs) since start of FY26 since August 202
Slide 11: Equity Raising
For personal use only 02 Equity Raising Equity raising details Sources and uses of proceeds Timetable
Slide 12: Equity Raising details
Equity Raising details Fully underwritten $80.2m Equity Raising For personal use only • Fully underwritten 1 for 3.29 accelerated non-renounceable entitlement offer of New Shares to raise $80.2m (“Entitlement Offer”) comprising: ‒ An accelerated institutional component (“Institutional Entitlement Of
Slide 13: Sources and uses of proceeds
Sources and uses of proceeds • Equity Raising will raise $80.2 million to partially fund the $123.8 million NSW Living Portfolio For personal use only Sources of proceeds $m • Eureka has also secured $80.0 million in new committed debt facilities from Westpac and Entitlement Offer 80.2 National Aust
Slide 14: Equity Raising indicative timetable
Equity Raising indicative timetable Key Event Date (2026) For personal use only Trading halt Wednesday, 2 September Announcement of the Acquisition and Equity Raising Thursday, 3 September Institutional Entitlement Offer conducted Thursday, 3 September Trading halt lifted and trading re-commences on
Slide 15: Appendix
For personal use only Appendix Pro forma balance sheet Asset profiles Key risks Key terms of Underwriting Agreement Non-IFRS measures and definitions Contact details
Slide 16: A – Pro forma balance sheet
Appendix A – Pro forma balance sheet Other Equity Raising Strong balance sheet with capacity for further ($m unless stated) 30 June 2026 Pro forma For personal use only transactions1 and Acquisition growth Cash and cash equivalents 2.5 2.5 ▪ The $80.2m Equity Raising and $53.6m of incremental borrow
Slide 17: B – The Grange
Appendix B – The Grange LAND LEASE COMMUNITY Established land lease community located on NSW Central Coast Overview Asset overview Site mix Market data1 For personal use only 4 Gimberts Rd, Morisset Vacancy rate – Suburb (%) 1.4% Address Permanent sites (#) 209 • Established over-55s land lease comm
Slide 18: B (cont.) – Bevington Shores
Appendix B (cont.) – Bevington Shores LAND LEASE COMMUNITY Established land lease community located on NSW Central Coast Overview Asset overview Site mix Market data1 For personal use only 186 Sunrise Ave, Vacancy rate – Suburb (%) 0.9% Address Permanent sites (#) 193 • Established lakeside over-55s
Slide 19: B (cont.) – Nepean River
Appendix B (cont.) – Nepean River MIXED USE PARK Established mixed use community located in Penrith (Sydney) Overview Asset overview Site mix Market data1 For personal use only 95 Mackellar St, Emu Vacancy rate – Suburb (%) 0.6% Address Permanent sites (#) 99 • Established mixed-use residential and
Slide 20: B (cont.) – Sydney Hills
Appendix B (cont.) – Sydney Hills MIXED USE PARK Established mixed use community located in Sydney Hills District Overview Asset overview Site mix Market data1 For personal use only 269 New Line Rd, Dural Vacancy rate – Suburb (%) 2.0% Address Permanent sites (#) 61 • Established mixed-use community
Slide 21: B (cont.) – Hunter Valley
Appendix B (cont.) – Hunter Valley MIXED USE PARK Established mixed use community located in Hunter Valley Overview Asset overview Site mix Market data1 For personal use only 137 Mount View Rd, Vacancy rate – Suburb (%) 1.9% Address Permanent sites (#) 63 • Established mixed-use community in Cessnoc
Slide 22: B (cont.) – Ulladulla
Appendix B (cont.) – Ulladulla MIXED USE PARK Established mixed use community located on NSW South Coast Overview Asset overview Site mix Market data1 For personal use only 300 Kings Point Dr, Vacancy rate – Suburb (%) 2.1% Address Permanent sites (#) 55 • Established mixed-use community across Ulla
Slide 23: C – Key risks
Appendix C – Key risks General Risks This section discusses some of the key risks associated with an investment in Eureka. A number of risks and uncertainties may adversely affect the operating and financial performance or position of Eureka and in turn affect the value of Eureka shares. These inclu
Slide 24: C – Key risks (cont.)
Appendix C – Key risks (cont.) Environmental Eureka’s properties are subject to environmental risks including loss of property and profits due to bushfires, floods, cyclones, erosion of waterways and other events. These risks and and insurance potential losses may increase in the future if the clima
Slide 25: C – Key risks (cont.)
Appendix C – Key risks (cont.) Eureka undertakes property development. Such projects have a number of risks including (but not limited to): delays or issues around planning, application and regulatory approvals; development cost overruns; environmental costs; project delays; issues with building and
Slide 26: C – Key risks (cont.)
Appendix C – Key risks (cont.) Eureka currently has bank debt which contains certain financial and operational covenants. Any breach of these covenants could result in the early enforced repayment of debt. Such repayment could incur capital losses if assets need to be sold in a short period or share
Slide 27: D – International restrictions
Appendix D – International restrictions This document has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the FMC Act). The New Shares are not being offered to the public within New Zealand other than to existing share
Slide 28: E – Key terms of Underwriting Agreement
Appendix E – Key terms of Underwriting Agreement Eureka has entered into an underwriting agreement (“Underwriting Agreement”) with MA Moelis Australia Advisory Pty Ltd ACN 142 008 446, Morgans Corporate Limited ACN 010 539 607 and Unified Capital Partners Pty Ltd ACN 666 560 050 (together, the “Join
Slide 29: E – Key terms of Underwriting Agreement (cont.)
Appendix E – Key terms of Underwriting Agreement (cont.) • (Unable to issue shares) Eureka is prevented from allotting and issuing the shares to be allotted or issued under the Equity Raising within the times required. • (ASIC modification or ASX approval) Any ASIC modification, ASX approval, or oth
Slide 30: E – Key terms of Underwriting Agreement (cont.)
Appendix E – Key terms of Underwriting Agreement (cont.) • * (Representations and warranties) A representation, warranty or undertaking or obligation contained the Underwriting Agreement on the part of Eureka is breached, becomes not true or correct or is not performed. For personal use only • * (Ch
Slide 31: E – Key terms of Underwriting Agreement (cont.)
Appendix E – Key terms of Underwriting Agreement (cont.) • (New circumstance): ‒ An obligation arises on Eureka to give ASX a notice in accordance with section 708AA(12) of the Corporations Act (as notionally inserted by Instrument 2016/84); or For personal use only ‒ * An event or circumstance occu
Slide 32: Definitions
Definitions EBITDA (Earnings before interest, tax, depreciation and amortisation) An unaudited non-IFRS measure. The Directors believe it is a readily Underlying EBITDA For personal use only calculated measure that has broad acceptance and is referred to by regular An unaudited non-IFRS measure that
Slide 33: Disclaimer
Disclaimer Purpose Accuracy of projections and forecasts This presentation (Presentation) is dated 3 September 2026 and has been prepared by Eureka Group This Presentation includes certain statements, opinions, estimates, projections and forward-looking Holdings Limited (ABN 15 097 241 159) (Eureka)
Slide 34: Disclaimer (cont.)
Disclaimer (cont.) Joint Lead Managers The Joint Lead Managers and their respective affiliates and related bodies corporate may purchase, sell or hold a broad array of investments (including holding security interests over these investments) and actively Eureka has engaged the Joint Lead Managers to
Slide 35: Contact details
Contact details Eureka Group Holdings Limited ABN 15 097 241 159 For personal use only REGISTERED OFFICE Level 12, 120 Edward Street Brisbane QLD 4000 POSTAL ADDRESS GPO Box 2245 Brisbane QLD 4000 07 2145 6322 info@eurekagroupholdings.com.au eurekagroupholdings.com.au ENQUIRIES Shiv Chetan, Chief Fi
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