Eureka Group Holdings Limited · ASX:EGH
Eureka — Investor Presentation (August 2025)
47 slides from Eureka's investor presentation, Aug 21, 2025
Slide 1: FY25 Results Presentation August 2025
The Garden at Eureka’s Smithfield, Cairns - QLD FY25 Results Presentation August 2025
Slide 2: Contents
Contents Financial Operational About Eureka Portfolio Review Strategic Focus Performance Performance Slides 13 - 14 Slides 10 - 11 Slides 16 - 21 Slide 5 Slides 7 - 8 Capital Industry Trend & Trading Update & Appendix Management Growth Strategy Guidance Slides 37 - 48 Slides 23 - 25 Slides 27 - 32 S
Slide 3: Financial Performance
Financial Performance Future proposed development area - Emerald Caravan Park, QLD 3
Slide 4: FY25 Highlights
FY25 Highlights Revenue and earnings growth driven by strong resident demand, rental growth and property valuations $12.0m $45.8m $16.9m Underlying profit $18.6m Revenue Underlying EBITDA1 before tax1 Valuation uplift 11% FY24 11% FY24 31% FY24 $14.1m FY24 Like-for-like revenue Like-for-like village
Slide 5: Operational Performance
Rental units being installed at Kin Kora Gladstone - QLD Operational Performance 5
Slide 6: Key achievements
Key achievements On track to exceed capital raise forecast – once proceeds fully deployed EPS will exceed FY24 EPS > 19% Solid results Operational Focus Significant Growth Pipeline in place Capital management New all-ages rental segment taking shape 1. Refer to page 36 for adjustments to derive unde
Slide 7: Underlying EBITDA
Underlying EBITDA Continued Underlying EBITDA growth, with margins improving $20m 40% 36.9% 38.3% 35.3% 34.6% 36.8% $18m 35.1% 35% 33.7% $16m 30.8% 30% $14m 26.2% 8.7 25% Underlying EBITDA 1 $12m 8.1 $10m 20% 6.7 $8m 5.3 5.4 15% $6m 4.6 4.1 3.5 10% 2.7 $4m 8.2 7.1 5.2 5.9 5.1 5% $2m 3.5 3.7 4.1 3.3
Slide 8: About Eureka
About Eureka 8
Slide 9: Growing portfolio of seniors and all-age rental communities
Growing portfolio of seniors and all-age rental communities Eureka is highly weighted to the high-demand Queensland market NATIONAL FOOTPRINT (as at 30 June 2025) PORTFOLIO SNAPSHOT (as at 30 June 2025) 2,742 $388m 4 51 Units under management Assets under management All-Age Rental Seniors Rental Sit
Slide 10: Village portfolio analysis
Village portfolio analysis Unit and Site numbers Village Contribution1 Asset values at at 30 June 2025 (excluding revaluations) ($m) 30 June 2025 ($m) FY24 FY25 33 (8%) 50 436 22.9 (13%) 19.5 321 5 (1%) 388 300 3,178 1,616 (77%) 254 551 2.8 2.1 1.3 1.3 0.5 0.7 Owned property Management rights Owned
Slide 11: Portfolio Review
Portfolio Review Rental home, Eureka Brassall, QLD 1111
Slide 12: Portfolio Summary
Portfolio Summary Portfolio statistics FY25 FY24 Change • Eureka’s core portfolio comprises 1,616 owned Seniors Rentals Owned – Seniors Rentals [#] 1,616 1,594 22 units, 436 All-Age Rentals sites and 254 units held in a 50% Joint Venture Owned – All-Age Rentals [#] 436 46 390 JV units [#] 254 254 -
Slide 13: Acquisitions since November 2024 Capital Raise
Acquisitions since November 2024 Capital Raise Tuggerah Shores residential village, NSW • We are actively deploying capital and rapidly scaling the portfolio to position Eureka as a higher-growth company • The strategies and investments we are putting in place now are locking in that growth — throug
Slide 14: Strategic Focus
Strategic Focus “Becoming market leader in affordable rental accommodation by building scale and delivering value” 11
Slide 15: Consistent superior EPS growth
Enhancing shareholder returns through accelerated growth Deliver for Consistent superior EPS growth shareholders Increase Efficient use Scale business Strategic earnings of capital focus Build Expand into development Improve Additional Consistent Optimise Asset Third party Strategic all-age rent gro
Slide 16: Eureka is repurposing existing built form to scale asset base
Eureka is repurposing existing built form to scale asset base, providing immediate pathway to earnings growth • Focusing on acquiring and repurposing existing built form with attractive ingoing yields, and redevelopment and expansion upside • This is a scalable, low-risk and sustainable strategy whi
Slide 17: Development pipeline of over 650 units now in place
Development pipeline of over 650 units now in place Target development/ expansion IRR > 12.5% Potential Village Develepment Type Status FY26 FY27 FY28 Sites Brassall, QLD 45+ Expansion • DA1 lodged with Council for further 49 rental homes Over 50’s Kingaroy, QLD 114 Greenfield • DA1 approved – seeki
Slide 18: All-Age Rental Communities
All-Age Rental Communities High Growth Expansion Opportunity • Eureka is expanding into all-age rental communities building upon our sector leadership in over 50's rentals Barrier Reef Caravan Park, • Focusing on repurposing existing built form such as caravan parks, motels, QLD retirement villages
Slide 19: All-Age Rental Communities (continued)
All-Age Rental Communities (continued) Diversified resident mix1 Retirees - 50% of Residents • Predominantly long-term occupancy both singles and couples • Majority receive pension and rent assistance, providing consistent income security • Strong community ties and low turnover rates High-vis trade
Slide 20: Building Blocks of EPS Growth over next three years
Building Blocks of EPS Growth over next three years EPS Growth driven by organic growth and external opportunities Presently 31 Eureka villages are 100% occupied with waitlists. Majority of vacant units concentrated Target >98% occupancy Occupancy across 7 villages (98% at 30 June 25) Over 95% of Eu
Slide 21: Capital Management
Capital Management Future proposed development area – Kin Kora Tourist Park, QLD 2121
Slide 22: Capital management
Capital management Maintain strong balance sheet and funding optionality • Proceeds from November 2024’s $70.4m capital raise is expected to be fully deployed during 2025 Key metrics FY25 FY24 • Closed refinancing and upsizing of core debt Drawn debt [$m] 57.2 91.3 facility from $101 million to $185
Slide 23: Seniors’ rental offers compelling yields
Seniors’ rental offers compelling yields Eureka is trading at compelling yields with potential for significant valuation upside • Core property sectors have experienced cap rate expansion over the past two years, FY25 Eureka Cap Rate vs. Comparative Sector Yields averaging 142 bps expansion across i
Slide 24: Dividends
Dividends Consistent returns to shareholders since commencement of paying dividends Dividends Key dates Dividend track record (cps) FY25 Final dividend Ex-dividend date 26 August 2025 0.73c per share Record date 27 August 2025 • Dividends paid from sustainable cash DRP election date earnings 1 Septe
Slide 25: Industry Trend & Growth Strategy
Industry Trend & Growth Strategy Tuggerah Shores Residential Home Village, NSW Central Coast 22
Slide 26: Worst level of rental affordability in recent years
Worst level of rental affordability in recent years Surging rents over the past few years mean renters face worst level of historical rental affordability 26
Slide 27: Changing housing ownership and tenure trend
Changing housing ownership and tenure trend Decline in homeownership and increasing number of renters over time Homeownership trends through 1976 to 2021 (last census) Owner with mortgage Owner Renter private landlord Significant decline of homeownership in age groups 25 - 49 Renter state housing au
Slide 28: Changing housing ownership and tenure trends (continued)
Changing housing ownership and tenure trends (continued) Structural housing crisis has led to declining homeownership and increasing demand for rental amongst younger cohort • Homeownership is declining, with sharper drops in younger groups and concentration among over-50s Declining homeownership •
Slide 29: Affordable rental: future demand is supported by favourable industry trends
Affordable rental: future demand is supported by favourable industry trends A growing reliance on the Government Age Pension and high demand for low-cost, quality rental accommodation Average property prices in capital cities1 Median weekly rent2 $ per week Rebased to 100 • Median rent has increased
Slide 30: Affordable rental: a growing ageing population with limited superannuation
Affordable rental: a growing ageing population with limited superannuation Limited independent community living options for seniors on the age pension Australians aged 65+ years old1,2 Seniors’ superannuation balances are low # Millions Superannuation balances ($k)3,4 People with no superannuation (
Slide 31: Seniors’ rental: affordable rental offers significant growth opportunities
Seniors’ rental: affordable rental offers significant growth opportunities Shares many attributes with residential land lease communities 10 years ago TARGET KEY REGIONAL MARKETS GOVERNMENT-SUPPORTED REVENUE GOVERNMENT FUNDING SUPPORTS • Many seniors/downsizers moving to • Seniors renting in a villa
Slide 32: Trading Update and Guidance
Emerald Tourist Park, QLD Trading Update and Guidance 32 32
Slide 33: Trading Update
Trading Update Occupancy levels remain at 98% with housing affordability crisis in many markets underpinning future demand; strong acquisition pipeline Occupancy now at near record levels Eureka’s rental villages continuing to Pension increase of 4.5% for twelve months to March 2025 (next increa
Slide 34: Guidance
Guidance • Targeting Underlying EPS growth of 7.5-10% (3.37-3.44 cents per share) • Targeting Underlying EBITDA growth of 20-25% on FY25 ($20.2m - $21.1m) • FY26 guidance is influenced primarily by the timing of acquisitions, with occupancy, rental growth, and interest expense also having a minor im
Slide 35: Appendix
Appendix Kitchen area of a unit at Eureka Villages Brassal, QLD 35 35
Slide 36: Profit and loss
Profit and loss ($ '000) 30-Jun-25 30-Jun-24 Change • Underlying EPS of 3.13 cps Rental income 33,871 29,311 • 11% growth in underlyin11% increase in total revenue Revenue from contracts with customers 11,919 11,830 Total revenue 45,790 41,141 11% driven by like-for-like village revenue growth (7%)
Slide 37: Balance sheet
Balance sheet ($ '000) 30-Jun-25 30-Jun-24 • Net tangible assets per share grew by 14% to Assets Cash and cash equivalents 2,803 2,257 55.0 cents due to rent and occupancy growth, Trade and other receivables 1,033 741 receipt of DA for Southport redevelopment, and Other financial assets at amortised
Slide 38: Cash flow statement
Cash flow statement ($ '000) 30-Jun-25 30-Jun-24 • Net cash from operating activities was $10.8m, up Cash flows from operating activities 33% on pcp Receipts from customers 45,816 40,813 Payments to suppliers and employees (32,181) (30,084) • FY25 operating cash flow improvement relates to Distribut
Slide 39: Acquisition 1 – Kin Kora Caravan Park, Gladstone QLD
Acquisition 1– Kin Kora Caravan Park, Gladstone QLD Eureka's first all-age rental community - Mixed-use Residential Home Village and Caravan Park • Acquired in March 2025 for $4.5m • 4.5-hectare freehold site • Ingoing yield of 9.2%; 5-year IRR >15.0% • At acquisition site comprised 19 land-lease ho
Slide 40: Acquisition 2 – Tuggerah Shores, NSW Central Coast
Acquisition 2 – Tuggerah Shores, NSW Central Coast Mixed-use Residential Home Village and Caravan Park • Acquired in March 2025 for $8.25m at ingoing yield of 8.6% • Comprises 65 long-term rental units and 7 short-term campsites • 5.2-hectare freehold site • Provides long-term rental accommodation,
Slide 41: Acquisition 3 – Burrum River, Fraser Coast QLD
Acquisition 3 – Burrum River, Fraser Coast QLD Mixed-use Residential Home Village and Caravan Park • Acquired in May 2025 for $5.3m • Well-presented 3.9-hectare freehold mixed-use community centrally located between Hervey Bay, Maryborough, and Childers • Ingoing yield of 8.6%; 5-year IRR > 17.3% •
Slide 42: Acquisition 4 – Barrier Reef Tourist Park, Cairns QLD
Acquisition 4 – Barrier Reef Tourist Park, Cairns QLD Mixed-use Residential Home Village and Caravan Park • Acquired in June 2025 for $3.5m • Ingoing yield of 9.7% - 5 year IRR > 19.0% • Located in one of the fastest growing residential areas in Cairns • 2.05-hectare freehold landholding comprising
Slide 43: Acquisition 5 – Emerald Tourist Park, QLD
Acquisition 5 – Emerald Tourist Park, QLD Mixed-use caravan park located in the Central QLD town of Emerald • Acquired in July 2025 for $7.5m • 3.09-hectare freehold landholding comprising 106 sites • Ingoing yield of 8.5%; 5-year IRR > 19.0% • Emerald has a tight rental market (0.5% vacancy rate, 1
Slide 44: Acquisition 6 – Coral Tree Lodge Tourist Park, NSW South Coast
Acquisition 6 – Coral Tree Lodge Tourist Park, NSW South Coast Mixed-use waterfront caravan park located on the NSW South Coast • Acquired in August 2025 for $6.7 million • Located on the NSW South Coast – 14km east of Nowra • 2.33-hectare freehold site comprising 23 occupied land-lease sites, 50 an
Slide 45: Definitions
Definitions Balance sheet gearing or Gearing STCA Calculated as net debt (being interest-bearing drawn debt net of cash) divided by net Subject to Council Approval debt plus equity Net Tangible Asset (NTA) DA the value of a company’s physical, tangible assets (such as land, buildings, and cash) Deve
Slide 46: Disclaimer
Disclaimer No responsibility for contents of presentation No offer to sell or invitation to buy To the maximum extent permitted by law, Eureka Group Holdings Limited This Presentation does not, and should not be considered to, constitute or form (ABN 15 097 241 159), its officers, advisers and repre
Slide 47: Contact details
Contact details Eureka Group Holdings Limited ABN 15 097 241 159 REGISTERED OFFICE Level 5, 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 Simon Owen, Chief Executive Officer 47 47
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