Charter Hall Social Infrastructure Reit · ASX:CQE
Charter Hall Social Infrastructure Reit — H1 FY26 Earnings Presentation
31 slides from Charter Hall Social Infrastructure Reit's earnings presentation, Feb 4, 2026
Slide 1: 2026 Half Year Results
Charter Hall Social Infrastructure REIT 2026 Half Year Results ASX:CQE
Slide 2: Agenda
Agenda Agenda 1. 2026 Half Year Highlights and Strategy 2. Financial Performance 3. Portfolio Update 4. Outlook and Guidance Acknowledgement of Country 5. Additional Information Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elde
Slide 3: 2026 Half Year Highlights and Strategy
2026 Half Year Highlights and Strategy 1 TAFE, Robina, QLD 3
Slide 4: 1H FY26 Highlights
2026 Half Year Highlights and Strategy 1H FY26 Highlights Strong organic rental growth and accretive portfolio curation driving earnings growth and distribution upgrade Operating Earnings per Unit Acquisitions WARR2 / Market Rental Uplift 8.5 cpu $180.7m 4.2% / 6.1% 11.8% increase on 1H FY25 Accreti
Slide 5: A diversified social infrastructure property portfolio delivering essential community services
2026 Half Year Highlights and Strategy A diversified social infrastructure property portfolio delivering essential community services – Diversified social infrastructure portfolio (308 properties) with SI Sub-sector by % of income as at 31 December 2025 Well sector leading tenants providing essentia
Slide 6: Acquisitions Overview
2026 Half Year Highlights and Strategy Acquisitions Overview Western Sydney University (WSU) campus, Parramatta, NSW – In 1H FY26, CQE increased its higher education exposure through the acquisition of a 50%1 interest in the university campus fully leased to Western Sydney University, located at 1 P
Slide 7: Our Strategy
2026 Half Year Highlights and Strategy Our Strategy Providing investors with resilient income and capital growth from a social infrastructure property portfolio Enhancing income Targeting stable and ongoing Portfolio curation sustainability and resilience capital growth ‒ Building a diversified soci
Slide 8: Social Infrastructure: Properties delivering essential community services
2026 Half Year Highlights and Strategy Social Infrastructure: Properties delivering Strong population growth Key component of Australia’s Leading education system essential community economy drives productivity and GDP services growth Strong industry and demographic trends 3.5m >$200b $53.6b resulti
Slide 9: Financial Performance
Financial Performance 2 Nido, Coburg, VIC 9
Slide 10: Earnings Summary
Financial Performance Earnings Summary $m1 1H FY25 1H FY26 % change Net Property Income - LFL 49.6 51.7 4.1% - Strong like-for-like net property income growth of 4.1%, supported by net investment activity Net Property Income – Transactions 3.9 7.4 - Increase in finance costs primarily driven by Tota
Slide 11: Balance Sheet
Financial Performance Balance Sheet $m 30 June 2025 31 December 2025 - In 1H FY26, new acquisitions totalling $181.11 Cash 20.0 16.9 million were added to the portfolio including Western Sydney University (WSU) campus, Investment Properties 1,930.7 2,021.6 Parramatta and an increasing interest in Ge
Slide 12: Capital Management
Financial Performance Capital Management Key metrics as at 31 December 20252 - Executed debt platform refinance in July 2025, Debt summary Hedging summary including $450 million Asian Term Loan facilities, $50 million facility upsize, longer tenure and Facility Limit ($m) 900 Debt Hedged ($m) 635 im
Slide 13: Portfolio Update
Portfolio Update 3 Clinipath Pathology, Osborne Park, WA 13
Slide 14: Properties delivering predictable and growing returns
Portfolio Update Properties delivering predictable and growing returns Tenant profile by % of income as at 31 December 2025 Attractive Property passing yield WALE (years) Occupancy Early Learning Life Sciences & Health Other Property 1,2 3 Government Services Higher Education Fundamentals 5.5% 11.4
Slide 15: Portfolio WALE remains strong at 11.4 years
Portfolio Update Portfolio WALE remains strong at 11.4 years – Only 4.2% of lease income expiring within the next 5 years (only 1.8% without further options) – Typical notice periods of 3 – 5 years from expiry for early learning properties Lease expiry profile by % of annual rent: CY26 – CY45+ WALE:
Slide 16: Strong rental growth potential with 16% of income subject to market rent reviews
Portfolio Update Strong rental growth potential CQE Annual Rent Review Type by Rental Income with 16% of income subject to market rent reviews to FY28 10% 7% 8% 19% 18% 21% - 58 market rent reviews completed (52 – capped) in 1H FY26 achieving uplift of 6.1% or $0.7 million 69% 73% 73% - 81 early lea
Slide 17: Sustainability initiatives
Portfolio Update Environment Social Governance Sustainability initiatives Achievements in 1H FY26 By integrating sustainability Net Zero1 Customer engagement ESG leadership across our platform and Maintained Net Zero Scope 1 and Scope 2 Active tenant engagement with an NPS of +43. Maintained an ‘A’
Slide 18: Outlook and Guidance
Outlook and Guidance 4 Geoscience Australia facility, Canberra, ACT 18
Slide 19: Outlook and Guidance
Outlook and Guidance Outlook and Guidance − Continue to execute on CQE’s strategy to actively FY26 guidance1 manage its diversified social infrastructure property portfolio, delivering essential community services EPU Guidance Upgraded DPU Guidance − Positive industry and demographic fundamentals wi
Slide 20: Additional Information
Additional Information 5 Only About Children, Brighton East, VIC 20
Slide 21: Property investment portfolio
Additional Information Property investment portfolio Number of REIT Valuation2 WALE3 Area4 Asset / Sector Tenant1 Suburb State Cap rate2 Properties interest ($m) (years) (sqm) Early Learning 298 1,553.0 5.2% 12.1 185,537 Geoscience Australia Facility Geoscience Australia Narrabundah ACT 1 33.3% 6.4
Slide 22: Early learning property portfolio by location
Additional Information Early learning property portfolio by location – Valuation and passing yields Property investment portfolio Early Learning Centres − Early learning centre portfolio comprises: Australia − 298 properties1 with a total value of $1,553.0 million − WALE: 12.1 years NT $8m / 5.1% QL
Slide 23: Statutory Profit Reconciliation
Additional Information Statutory Profit Reconciliation 1H FY25 1H FY26 ($m) ($m) Operating Earnings 28.5 31.4 Net fair value movements on investment properties 10.8 21.6 Net movements on derivative financial instruments (8.4) 6.2 Transaction costs on JV investments - (8.8) Debt refinance costs - (3.
Slide 24: CQE and joint venture summary – 1H FY26
Additional Information CQE and joint venture summary – 1H FY26 Investment in property joint ventures – operating earnings and balance sheet breakdown $m CQE CH BBD Trust LWR GSA PFA Westmead CH UWS Trust1 Total Ownership interest 100.0% 50.0% 33.3% 49.9% 90.0% Properties Multiple Brisbane Bus Termin
Slide 25: CQE and joint venture summary – 1H FY25
Additional Information CQE and joint venture summary – 1H FY25 Investment in property joint ventures – operating earnings and balance sheet breakdown $m CQE CH BBD Trust LWR GSA PFA Westmead Total Ownership interest 100.0% 50.0% 33.3% 49.9% Properties Multiple Brisbane Bus Terminal Geoscience, ACT I
Slide 26: Debt Summary
Additional Information As at 31 December 2025 Debt Summary Gearing ICR Debt summary ($m) Limit Drawn Maturity (covenant) (covenant) - Successful debt platform refinance in July 2025 Balance sheet debt with $900 million of debt facilities across CQE’s Bilateral debt facilities 450.0 331.0 Jul 29 – Ju
Slide 27: Early Learning Property Transactions
Additional Information Early Learning Property Transactions - Total Australian early learning property transactions1 in CY25 Australian early learning property transactions and yields1 totalled $943 million (CY24: $609 million) with an average $1,000m 6.0% yield of 5.3% (CY24: 5.5%) highlighting the
Slide 28: Early Learning Industry
Additional Information Early Learning Industry Childcare Subsidy – Federal Government Spending1 – Importance of sector remains crucial to Australia’s education system and economic prosperity, driving workforce participation and overall growth $18.4bn – Federal government funding is currently over $1
Slide 29: Key Statistics
Additional Information Key Statistics Financial & Capital Management Metrics FY22 FY23 FY24 FY25 1H FY26 NTA ($) 4.08 4.04 3.82 3.86 3.90 DPU (c) 17.2 17.2 16.0 15.2 8.4 Gearing (%) 29.8 32.2 33.0 30.5 34.1 Weighted Average Cost Of Debt (%) 3.2 4.3 5.1 5.0 5.11 Weighted Average Debt Maturity (Years)
Slide 30: Glossary
Additional Information Glossary ACECQA Australian Children’s Education and Care Quality Authority ASX Australian Securities Exchange Balance sheet gearing Calculated as the ratio of net drawn debt less cash to total tangible assets, less cash CPI Consumer Price Index CPU Cents per unit CQE Charter H
Slide 31: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/cqe IMPORTANT NOTICE & DISCLAIMER Charter Hall Social Infrastructure Limited ACN 111 338 937; AFSL 281
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