Gemlife Communities Group · ASX:GLF
Gemlife Communities — H1 2025 Earnings Presentation
35 slides from Gemlife Communities's earnings presentation, Aug 28, 2025
Slide 1: Results presentation 1H FY25
Image: GemLife Tweed Waters Country Club Results presentation 1H FY25 28 AUGUST 2025
Slide 2: Acknowledgement of Country
Acknowledgement of Country GemLife acknowledges the Traditional Custodians of the lands on which our communities are built across Queensland, New South Wales and Victoria, and recognises their enduring connection to land, waters and culture. We pay our respects to their Elders past and present, and
Slide 3: Agenda
Agenda Presented by: Adrian Puljich Ashmit Thakral Managing Director and Group Chief Executive Officer Chief Financial Officer Business overview 4 Financial performance 9 Portfolio overview 16 Outlook and guidance 21 Appendix 26 3
Slide 4: Business overview
Business overview GemLite’
Slide 5: GemLife overview
GemLife overview GemLife is a leading Australian pure-play Land Lease Community (LLC) developer, builder, owner, and operator with a 10+ year development pipeline. Communities Total Sites 32 9,913 Active, under development, pipeline Occupied, under development, and greenfield pipeline pipeline and g
Slide 6: GemLife key revenue streams
GemLife key revenue streams GemLife’s business model is centred on two distinct revenue streams. How it works • Homeowners purchase a home (chattel) within a community from GemLife and then lease the land • Simple lessor-lessee relationship exists between GemLife and the homeowner • The homeowner re
Slide 7: Vertically integrated operating platform
Vertically integrated operating platform Executing on GemLife’s strategy through its delivery platform generates strong development margins, high-quality homes and facilities. • Quality locations are chosen based on stringent selection criteria • CEO-led negotiations with vendors enable GemLife to a
Slide 8: Our purpose and values
Our purpose and values Built on strong foundations. Driven by people, purpose, and place. GemLife’s success is underpinned by a deep commitment to people – from our homeowners to our team and broader communities. Our values guide every decision we make: Fee transparency: Full visibility into how sit
Slide 9: Financial performance
Image: GemLife Gold Coast Financial performance 9
Slide 10: 1H FY25 Group Results: 6 months ended 30 June 2025
1H FY25 Group Results: 6 months ended 30 June 2025 Business momentum in 1H FY25 has delivered outperformance on key financial results relative to Prospectus forecasts. • Strong results driven by outperformance 1H FY25 Pro Forma Highlights1,2 in the Development segment and higher average sale prices
Slide 11: GemLife - Development
GemLife - Development GemLife continues to deliver strong growth across sales and build margins, with premium home sales driving average sales prices higher. Development Number of homes settled (#) • Average Home Build Margin of $383,000 vs 3331 Prospectus of $377,000 Development reflects activities
Slide 12: GemLife - Community Operations
GemLife - Community Operations GemLife continues to improve operating margins as number of occupied homes increases. Stable rental income, with contracted annual Number of Occupied Homes, as at the end of each period (#) • Community Operations increases in site agreements 1,804 1,923 Community Opera
Slide 13: EBITDA by segment
EBITDA by segment ($m unless otherwise stated) 1H FY25 – Pro Forma Actual 1 1H FY25 Prospectus forecast Performance vs Prospectus (%) Development Home Settlement Revenue 94.6 88.8 +6.6% Home Build Margin 45.6 44.1 +3.4% Development EBITDA 39.7 37.3 +6.3% Development EBITDA Margin (%) 42% 42% Communi
Slide 14: Pro Forma Balance Sheet and Capital Management
Pro Forma Balance Sheet and Capital Management Strong balance sheet maintained – gearing at the lower end of target range supports continued growth. Pro Forma as at Investment properties ($m) 30 June 20251 • Weighted average cap rate for occupied homes was 5.07% Cash and cash equivalents 56.9 Invent
Slide 15: Inventory
Inventory GemLife's capital management and business model allows us to maintain reasonable inventory levels based on the demand in the market. • Buyers typically make progress payments during construction of their home • GemLife also builds move-in ready homes to ensure an optimal supply of availabl
Slide 16: Portfolio overview
Portfolio overview GemLife’ 16
Slide 17: Key community updates
Key community updates Image: GemLife Cotswold Hills Image: GemLife Heritage Park Development Approval (DA) Construction underway • DA for additional 211 home sites at Cotswold Hills, QLD • GemLife Heritage Park, QLD, clearing works completed • GemLife Logan Grove (Parkridge), QLD, earthworks commenc
Slide 18: Key community updates
Key community updates Image: GemLife Gold Coast Country Club Image: GemLife Moreton Bay Country Club construction Completed facilities Facilities under construction • GemLife Gold Coast Country Club, QLD • GemLife Moreton Bay Country Club, QLD • GemLife Tweed Waters Country Club, NSW • GemLife Gold
Slide 19: Key community updates
Key community updates Image: GemLife Pacific Paradise Image: GemLife Elimbah Settlements Upcoming sales launches • GemLife Pacific Paradise, QLD, fully established • GemLife Elimbah, QLD • GemLife Logan Grove (Parkridge), QLD • GemLife Highfields Heights, QLD, first settlements expected 2H FY25 • Ge
Slide 20: GemLife portfolio overview
GemLife portfolio overview GemLife’s Portfolio consists of 9,913 Sites and 32 Communities1 Communities | Queensland Total Sites Communities Status 1. Bribie Island 415 Active 2. Gold Coast 704 Under Development 3. Highfields 446 DA Approved Pipeline 4. Maroochy Quays 264 Greenfield Pipeline 5. Moret
Slide 21: Outlook and guidance
GemLile , Outlook and guidance
Slide 22: GemLife highlights
GemLife highlights 1 GemLife is a leading pure-play developer, builder, owner, and operator within Australia’s Land Lease Community (LLC) sector Fully integrated business model delivers superior homes while enabling significant development margins and long-term 2 Site Rental Income 3 Significant 10+
Slide 23: GemLife is poised for long-term growth
GemLife is poised for long-term growth Sites by Community status (Number of Sites)1 Key growth drivers 2 GemLife Total 32 3,119 Sites currently Under Development – recycle capital Communities 1 from projects near completion into new projects 1,178 - Delivering the pipeline of 4,871 Sites, including
Slide 24: Outlook
Outlook GemLife re-confirms Prospectus forecasts of Underlying NPAT of $86.2m for FY25, and $105.5m for the 12 months to June 2026. • The business remains focused on executing its strategy • Forecast Underlying NPAT is supported by expected FY25 home settlements of 333 • The expected step up to 214
Slide 25: Q&A
Image: GemLife Moreton Bay Summer House Q&A 25
Slide 26: Appendix
Image: GemLife Bribie Island Lakefront Home Appendix 26
Slide 27: Income statement – Statutory to Pro Forma bridge
Income statement – Statutory to Pro Forma bridge Incremental public company Reduced finance costs, expensed Add-back one-off IPO 1H FY25 ($m) 1H FY25 Statutory costs and removal of and capitalised to investment costs expensed in P&L1 Pro Forma capitalised management fees2 property – Debt Facility3 R
Slide 28: Balance sheet – Statutory to Pro Forma Bridge
Balance sheet – Statutory to Pro Forma Bridge Add-back of one-off Repayment of debt As at 30 Jun-25 ($m) Statutory IPO costs Impact of the Offer2 Portfolio Acquisition4 Pro Forma & other liabilities3 expensed/accrued1 Cash and cash equivalents 6.9 700.4 (416.9) (233.5) 56.9 Inventories 71.4 71.4 Inv
Slide 29: Cash flow statement – 1H FY25 Statutory
Cash flow statement – 1H FY25 Statutory ($m) 11H FY25 Statutory Receipts from customers 121.2 Payments to suppliers and employees (86.2) Interest received 0.0 Interest paid (23.0) Income taxes refunded / (paid) 0.7 Net cash generated from operating activities 12.7 Purchase and development of investm
Slide 30: GemLife portfolio overview
GemLife portfolio overview Communities and Projects1 State Occupied Homes2 Under Development DA Approved Pipeline Greenfield Pipeline Total Active Communities Bribie Island QLD 404 - 11 - 415 Gold Coast QLD 73 292 - 339 704 Highfields QLD 302 14 - 130 446 Maroochy Quays QLD 250 14 - - 264 Moreton Ba
Slide 31: Environmental, Social & Governance (ESG) at GemLife
Environmental, Social & Governance (ESG) at GemLife GemLife was awarded $4 million under Round 1 of the Australian Renewable Energy Agency's Community Batteries Fund to deliver battery energy storage systems across nine communities, with a total capacity of 14.1MWh. An additional 2.6MWh of capacity
Slide 32: Attractive demand and supply dynamics
Attractive demand and supply dynamics An ageing population, rising housing prices and affordability pressures are likely to drive downsizing and LLC market penetration – with current LLC build rate expected to result in a supply shortfall. Strong demand dynamics Forecast supply and demand Macroecono
Slide 33: Glossary
Glossary Term Definition Active Community A community with Occupied Homes. A collection of Sites containing Occupied Homes or Homes available for sale or resale, together with common area facilities that are operated and Community/Communities maintained by GemLife. DA Approved Community A project wh
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by GemLife Communities Group (“GemLife”) comprising GemLife Group Ltd The past performance, including past security price performance, of GemLife cannot be relied upon as an (ACN 607 629 149) and Equity Trustees Limited (ACN 004 031 298; AFSL 240975) as
Slide 35: Contact information
Contact information Adrian Puljich Managing Director and Group Chief Executive Officer Ashmit Thakral Chief Financial Officer Contact us at investors@gemlife.com.au GemLife Over-50s Lifestyle Communities M1 Connect Level 2, 120 Siganto Drive Helensvale Qld 4212 GemLife.com.au 35
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