Ingenia Communities Group · ASX:INA
Ingenia Communities — Merger or Acquisition (August 2026)
28 slides from Ingenia Communities's merger presentation, Aug 26, 2026
Slide 1: Creating a leading Australian living sector platform positioned for long term growth
For personal use only Creating a leading Australian living sector platform positioned for long term growth Ingenia’s acquisition of Peet 26 AUGUST 2026 1
Slide 2: Important Notice and Disclaimer
DISCLAIMER IMPORTANT NOTICE AND DISCLAIMER This notice and disclaimer applies to this presentation and the information contained in it. By attending a presentation or briefing, or accepting, accessing or reviewing this presentation, you represent and warrant that you are entitled to receive this pre
Slide 3: Acknowledgement of Country
Acknowledgement For personal use only of country As an owner, operator and developer of real estate across Australia, Ingenia Communities acknowledges the traditional custodians of the lands on which we operate We recognise their ongoing connection to land, waters and community, and pay our respects
Slide 4: Agenda
AGENDA Overview 5 For personal use only Strategic rationale and benefits for 10 securityholders Key Transaction details and implementation 23 Additional information 26 John Carfi Justin Mitchell Chief Executive Officer Chief Financial Officer 4
Slide 5: Ingenia's Strategy in Context
INGENIA’S STRATEGY IN CONTEXT Australian housing is structurally undersupplied, providing a backdrop for demand driven growth and the ability to 1 For personal use only generate compelling returns across the cycle Australia’s population continues to grow faster than developed peers, while also rapid
Slide 6: Why Peet?
WHY PEET? A complementary business, capable of significantly enhancing Ingenia’s platform scale and offering For personal use only National footprint and development pipeline scale Highly attractive portfolio ✓ Geographically diverse portfolio with high Ingenia complementarity ✓ High quality, mature
Slide 7: A Compelling Combination
A COMPELLING COMBINATION Ingenia’s acquisition of Peet accelerates the delivery of its core strategy, and secures strategically aligned growth beyond the 5-Year Plan For personal use only Creates Australia’s leading land lease platform1, with a national footprint and a larger scale, more diversified
Slide 8: Transaction Overview
TRANSACTION OVERVIEW • Ingenia Communities Group (ASX: INA) (“Ingenia”) has entered into a Scheme Implementation Deed (“SID”) with Peet Limited (ASX:PPC) (“Peet”) to acquire 100% of Peet shares via scheme of arrangement (“Scheme”), subject to certain conditions, including the establishment of a join
Slide 9: Delivering the Group's Strategy and 5-Year Plan Objectives
DELIVERING THE GROUP’S STRATEGY AND 5-YEAR PLAN OBJECTIVES The Transaction accelerates the delivery of Ingenia’s 5-Year Plan and secures longer-term growth For personal use only Roadmap Delivery of stated 3 and 5-year objectives Target portfolio structure and returns ✓ Natural extension of the simpl
Slide 10: Strategic Rationale and Benefits for Securityholders
For personal use only STRATEGIC RATIONALE AND BENEFITS FOR SECURITYHOLDERS 10
Slide 11: Strategic Rationale
STRATEGIC RATIONALE • Delivers an expanded living sector offering and a national footprint, with land lease development a key growth driver For personal use only – 5 – 7K Land Lease Community Conversion Lots identified from Peet (“LLC Conversion Lots”) ✓ Creates Australia’s leading land lease platfo
Slide 12: Peet – A Respected Platform with a Significant Land Pipeline
PEET – A RESPECTED, 130 YEAR OLD PLATFORM WITH A SIGNIFICANT AND VALUABLE LAND PIPELINE Delivering Australian communities since 1895 Diversified mix of valuable, mature projects For personal use only Lots by pipeline1 Lots by location1 • Leading ASX-listed developer of primarily residential MPC Acti
Slide 13: Peet's Portfolio Is Mature and Materially De-risked
PEET’S PORTFOLIO IS MATURE AND MATERIALLY DE-RISKED Projects representing ~80% of pipeline lots are active1, meaning low planning risk and strong medium term cash generation For personal use only Acquisition Planning Development Project State Ownership Lots2 GDV3 FY14 FY15 FY16 FY17 FY18 FY19 FY20 F
Slide 14: Transaction Creates an Enhanced Living Sector Offering with a National Footprint
TRANSACTION CREATES AN ENHANCED LIVING SECTOR OFFERING WITH A NATIONAL FOOTPRINT Pro forma operational assets and land pipeline Ingenia stand-alone Pro-forma Assets # For personal use only 39 Ingenia Lifestyle and Lifestyle Joint Venture: 5,793 stabilised sites 1 | 8,800 development lots Land lease
Slide 15: Creates Australia's Largest Land Lease Platform
CREATES AUSTRALIA’S LARGEST1 LAND LEASE PLATFORM, AND EXPANDS INGENIA’S PRESENCE INTO COMPLEMENTARY MPC SECTOR For personal use only Pro forma positioning – land lease1,3,4 Integration of MPC and land lease a key strategy to secure long- Australian residential market landscape (# of controlled sites
Slide 16: Significant Value in Land Lease Conversion Opportunities
SIGNIFICANT VALUE IN LAND LEASE CONVERSION OPPORTUNITIES Ingenia has identified 5,000 – 7,000 potential LLC Conversion Lots which Ingenia is uniquely positioned to capitalise on, with an indicative end value of ~$1bn1 For personal use only Geographically diverse land lease Significant land lease and
Slide 17: Transaction Generates Strong Accretion
TRANSACTION GENERATES STRONG ACCRETION Low double digit EPS accretion to Ingenia securityholders, with the Transaction to deliver long-term earnings and value creation benefits For personal use only Ingenia pro forma FY26 EPS1 ✓✓ Attractive financial impacts, with low double digit EPS accretion on a
Slide 18: Compelling Financial Metrics
COMPELLING FINANCIAL METRICS For personal use only • ~5-year payback period for Transaction1 Cashflow and returns • Strong Peet portfolio cash generation to provide funding support for land lease developments, creating valuable annuity-style assets • ~$10m run-rate cost synergies estimated Synergies
Slide 19: Enlarged Pro Forma Balance Sheet Well Positioned for Future Growth
ENLARGED PRO FORMA BALANCE SHEET WELL POSITIONED FOR FUTURE GROWTH For personal use only Ingenia pro forma gearing (Jun-26)1,2,3 ✓ ✓ Pro forma gearing below the mid-point of target range 30.9% 29.5%4 ✓ ✓ Significantly larger pro forma balance sheet to fund future growth, balancing Ingenia’s larger s
Slide 20: Highly Complementary Platforms
HIGHLY COMPLEMENTARY PLATFORMS Integration of the two platforms will leverage the deep combined expertise of both businesses For personal use only Highly complementary platforms Integration strategy ✓• Significant land lease and MPC platform integration and project co- • Preserve-and-consolidate mod
Slide 21: Flagstone JV
FLAGSTONE JV Ingenia is establishing a JV partnership on the highly strategic and long-duration Flagstone City project For personal use only Project snapshot Flagstone JV Flagship project located in the heart of the largest residential Priority Development Area in Australia and SEQ’s most affordable
Slide 22: Key Benefits to Peet Shareholders
KEY BENEFITS TO PEET SHAREHOLDERS The Transaction is strategically and financially compelling for Peet shareholders For personal use only ✓• Exposure to: • a larger, more diversified living sector platform, with recurring revenue and stable cashflows from established living and tourism assets • a na
Slide 23: Key Transaction Details and Implementation
For personal use only KEY TRANSACTION DETAILS AND IMPLEMENTATION 23
Slide 24: Implementation
IMPLEMENTATION • Under the Scheme terms, Peet shareholders will receive consideration comprising: ⁻ $0.68 cash per Peet share; and For personal use only ⁻ 0.3367 Ingenia stapled securities per Peet share Scheme • The implied value of the offer is $2.12 per Peet share based on Ingenia’s 10-day VWAP o
Slide 25: Indicative Implementation Timetable
INDICATIVE IMPLEMENTATION TIMETABLE First Court Hearing Late October 2026 For personal use only Dispatch of Scheme Booklet to Peet Early November 2026 securityholders Scheme Meeting Early December 2026 Second Court Hearing Early December 2026 Record Date Mid-December 2026 Implementation Date Late De
Slide 26: Additional Information
For personal use only ADDITIONAL INFORMATION 26 26
Slide 27: Pro Forma Balance Sheet
PRO FORMA BALANCE SHEET Ingenia Peet Transaction Pro forma Ingenia3 • Ingenia and Peet stand-alone based on 30 June stand-alone stand-alone adjustments Pro forma balance sheet as at 30-Jun-26 A B C A+B+C 2026 balance sheets For personal use only PF Jun-26 PF Jun-26 PF Jun-26 PF Jun-26 • Transaction
Slide 28: Contact Us
CONTACT US For personal use only Donna Byrne GM Investor Relations and Sustainability dbyrne@ingeniacommunities.com.au Tel: +61 401 711 542 Justin Mitchell Chief Financial Officer jmitchell@ingeniacommunities.com.au Ingenia Communities Group Level 10, 20 Bond Street, Sydney 2000 NSW www.ingeniacommu
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