Australian Ethical Investment Ltd · ASX:AEF
Australian Ethical Investment — Shareholder Meeting (November 2025)
81 slides from Australian Ethical Investment's shareholder meeting presentation, Nov 11, 2025
Slide 1: Australian Ethical is one of Australia's leading ethical investment managers
Australian Ethical is one of Australia’s leading ethical investment managers*. Since 1986, Australian Ethical has provided investors with investment management products that align with their values and provide long-term, risk adjusted returns. Investments are guided by the Australian Ethical Charter
Slide 2: 2025 Annual General Meeting
Australian Ethical As Australian Ethical Investment Ltd 2025 Annual General Meeting Steve Gibbs (Chair) John McMurdo (Managing Director & CEO) | CO
Slide 3: Acknowledgement of Country
Australian Ethical acknowledges the Traditional Owners of the Country on which we meet, the Gadigal people of the Eora Nation. We pay our respects to Elders past and present and thank them for protecting Country — since time immemorial. men
Slide 4: FY25 A successful year
FY25 A successful year FUM at 30 June 25 Revenue $13.94bn |, $119.4m up 34% on 30 June 24 up 19% on FY24 FY25 UPAT* $23.8m up 29% on FY24 aiitaton | AS Full year dividend 14c up 56% on FY24 * UPAT attributable to shareholders which does not include net profit attributable to The Foundation,
Slide 5: Our portfolio looks different
Our portfolio looks different i? 75% 8 2.3x lower CO, intensity” revenue from sustainable impact solutions* (0 5.2x revenue from sustainable water & investment in renewables agriculture and pollution prevention’ and energy solutions’ Our rigorous investment criteria continue to evolve to develop an
Slide 6: Australian Ethical
Australian Ethical Ag
Slide 7: Slide 7
Slide 8: Investing for a better world
Investing for a better world
Slide 9: Australia's wild weather continues with more storms forecast
Australia’s wild weather continues with more storms forecast for NSW and cyclone forming off WA
Slide 10: Renewables overtake coal as world's biggest source of electricity
Renewables overtake coal as world's biggest source of electricity
Slide 11: At QBE's AGM we challenged their policy
licy to wait until 2030 to start At QBE's AGM we challenged their po of the oil and gas sector. restricting its insurance of expansion also be underwriting oil and gas expansion?
Slide 12: Ethical investing is delivering attractive returns AND influencing progress
Slide 13: Business performance and FY25 highlights
facalen | AS Business performance and FY25 highlights
Slide 14: FY25 - A record result
aiiuaton | AS FY25 - Arecord result Achieved through organic and inorganic successes, disciplined strategic execution, strong cost management and resilience in volatile markets. $23.8m | $19.9m | $1194m $84.5m | 714% | 14¢ FY25 UPAT* FY25 NPAT** Revenue Operating Cost to income Full Year up 29% up 6
Slide 15: Investment in our capability & business platform
Auagien | A Investment in our capability & business platform Ab as part of our strategy is benefiting all stakeholders... Over the last 5 years we have been focused on investing for the next stage of our growth 50 Consecutive quarters of positive net flows Inorganic growth through Christian Super SF
Slide 16: We continue to execute on our strategy
We continue to execute on our strategy which is delivering strong results... Strong growth in key metrics and continued strengthening of our business platform sees us well placed for further growth.... ROY MORGAN Australia’s fastest growing Superfund? & highest NPS* of only 6 fund managers globally
Slide 17: FY25 saw us delivering against multiple strategic milestones
FY25 saw us delivering against multiple strategic aiiuaton | AS milestones to further enhance the quality of our business Strong brand Business Platform {tt Investment capability 6) Significant lift in brand awareness among ethically minded Australians” 2024 2025 Significant uplift in the perception
Slide 18: Our unique expertise is compelling for customers
aiieaton | AS Our unique expertise is.” compelling for» customers : A__)» (Pelivering strong portfolio returns Creating real world impact +) 30-year anniversary for the retail Australian Shares Fund*, achieving 9.7% p.a. return since inception 2.2% p.a. (net of fees) above benchmark 10-year annivers
Slide 19: ...and accentuated through the valued work of the Foundation
..and accentuated through the valued work of the Australian Ethical Foundation... Reh Place-based nature solutions Empowering First Nations people and other communities. to protect and restore nature and demonstrate new place-based economic models $2.8m record donation to the Foundation in FY25 © Un
Slide 20: While the business continues to receive awards
...While the business continues to receive awards and recognition across many dimensions aiiuaton | AS Superannuation SuperReview Super Money Magazine Awards Roy Morgan Rainmaker ESG Rainmaker SuperRatings GOLD Fund of the Year Awards Best of the Best - Best NEO Brand Awards Leader Rating AAA Qualit
Slide 21: Outlook
Outlook
Slide 22: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision aiiuaton | AS + <> Make money a force for good -_ + Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attr
Slide 23: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attract new customers.
Slide 24: Growing with a clear, consistent and disciplined strategy
ausaiian | A Growing with a clear, consistent and disciplined strategy At yy) Our Vision + <> Make money a force for good -_ + Extend our ethical investment capability to win beyond super Build, package and deliver an integrated investment management, product, and distribution proposition to scale a
Slide 25: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good Enabled by a modern operating platform built for scale, efficiency & resilience Accelerate growth and underpin operating leverage and resilience. Differentiated capabilities through deep use of
Slide 26: Growing with a clear, consistent and disciplined strategy
Australian Ethical Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good -_ + | AS Enabled by a purpose driven & high performing culture Further enhance our unique, purpose driven and high performing culture, enabling our talent to achieve their po
Slide 27: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision aiiuaton | AS + <> Make money a force for good -_ + Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attr
Slide 28: Australian Ethical
Australian Ethical Ag
Slide 29: Thank you
Slide 30: Questions
| Questions
Slide 31: That Sandra McCullagh be re-elected as Non-executive Director
That Sandra McCullagh be re-elected as Non-executive Director of Australian Ethical Investment
Slide 32: That Sandra McCullagh be re-elected as Non-executive Director
That Sandra McCullagh be For re-elected as Non-executive 47,222,105 Director of Australian Ethical Investment Open 763,846 Against 308,832 Abstain (C) 102,646
Slide 33: That Brian Bissaker be elected as Non-executive Director
That Brian Bissaker be elected as Non-executive Director of Australian Ethical Investment
Slide 34: That Brian Bissaker be elected as Non-executive Director
That Brian Bissaker be elected as For Non-executive Director of Australian 47476,470 Ethical Investment Open 772,010 Against 47,347 Abstain 101,602 Resolution 3 fusraton | A
Slide 35: Grant of long-term Hurdled Performance Share Rights
Grant of long-term Hurdled Performance Share Rights to the Chief Executive Officer
Slide 36: Grant of long-term Hurdled Performance Share Rights
Grant of long-term Hurdled Performance Share Rights to the Chief Executive Officer Resolution 4 44,386,299 Open 761,402 Against 1,946,047 Abstain 1,050,375 Australian Ethical |As
Slide 37: That the Remuneration Report be adopted
That the Remuneration Report for the financial year ended 30 June 2025 be adopted.
Slide 38: That the Remuneration Report be adopted
That the Remuneration Report for the financial year ended 30 June 2025 be adopted. Resolution 5 44,525,998 Open 763,024 Against 1,773,713 Abstain 1,081,388 Australian Ethical |AS
Slide 39: Australian Ethical
Australian Ethical Ag 38
Slide 40: Disclaimer
Disclaimer Australian Ethical Investment Ltd (ABN 47 003 188 930; AFSL No. 229949) (AEI is the Responsible Entity of the Australian Ethical Managed Funds. Products in the Australian Ethical Retail Superannuation Fund (ABN 49 633 667 743) (Super Fund) are distributed by Australian Ethical Investment
Slide 41: Disclaimer
Disclaimer Zenith- ‘Recommended’ rating applies to the Altius Green Bond Fund, Altius Sustainable Bond Fund, and Altius Sustainable Short Term Income Fund The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) ("Zenith") rating AUS9041AU Altius Green Bond Fund, AUSOO7IAU Altius Sust
Slide 42: 2025 Annual General Meeting
Australian Ethical As Australian Ethical Investment Ltd 2025 Annual General Meeting Steve Gibbs (Chair) John McMurdo (Managing Director & CEO) | CO
Slide 43: Acknowledgement of Country
Australian Ethical acknowledges the Traditional Owners of the Country on which we meet, the Gadigal people of the Eora Nation. We pay our respects to Elders past and present and thank them for protecting Country — since time immemorial. men
Slide 44: FY25 A successful year
FY25 A successful year FUM at 30 June 25 Revenue $13.94bn |, $119.4m up 34% on 30 June 24 up 19% on FY24 FY25 UPAT* $23.8m up 29% on FY24 aiitaton | AS Full year dividend 14c up 56% on FY24 * UPAT attributable to shareholders which does not include net profit attributable to The Foundation,
Slide 45: Our portfolio looks different
Our portfolio looks different i? 75% 8 2.3x lower CO, intensity” revenue from sustainable impact solutions* (0 5.2x revenue from sustainable water & investment in renewables agriculture and pollution prevention’ and energy solutions’ Our rigorous investment criteria continue to evolve to develop an
Slide 46: Australian Ethical
Australian Ethical Ag
Slide 47: Slide 47
Slide 48: Investing for a better world
Investing for a better world
Slide 49: Australia's wild weather continues with more storms forecast
Australia’s wild weather continues with more storms forecast for NSW and cyclone forming off WA
Slide 50: Renewables overtake coal as world's biggest source of electricity
Renewables overtake coal as world's biggest source of electricity
Slide 51: At QBE's AGM we challenged their policy
licy to wait until 2030 to start At QBE's AGM we challenged their po of the oil and gas sector. restricting its insurance of expansion also be underwriting oil and gas expansion?
Slide 52: Slide 52
Slide 53: Business performance and FY25 highlights
facalen | AS Business performance and FY25 highlights
Slide 54: FY25 - A record result
aiiuaton | AS FY25 - Arecord result Achieved through organic and inorganic successes, disciplined strategic execution, strong cost management and resilience in volatile markets. $23.8m | $19.9m | $1194m $84.5m | 714% | 14¢ FY25 UPAT* FY25 NPAT** Revenue Operating Cost to income Full Year up 29% up 6
Slide 55: Investment in our capability & business platform
Auagien | A Investment in our capability & business platform Ab as part of our strategy is benefiting all stakeholders... Over the last 5 years we have been focused on investing for the next stage of our growth 50 Consecutive quarters of positive net flows Inorganic growth through Christian Super SF
Slide 56: We continue to execute on our strategy
We continue to execute on our strategy which is delivering strong results... Strong growth in key metrics and continued strengthening of our business platform sees us well placed for further growth.... ROY MORGAN Australia’s fastest growing Superfund? & highest NPS* of only 6 fund managers globally
Slide 57: FY25 saw us delivering against multiple strategic milestones
FY25 saw us delivering against multiple strategic aiiuaton | AS milestones to further enhance the quality of our business Strong brand Business Platform {tt Investment capability 6) Significant lift in brand awareness among ethically minded Australians” 2024 2025 Significant uplift in the perception
Slide 58: Our unique expertise is compelling for customers
aiieaton | AS Our unique expertise is.” compelling for» customers : A__)» (Pelivering strong portfolio returns Creating real world impact +) 30-year anniversary for the retail Australian Shares Fund*, achieving 9.7% p.a. return since inception 2.2% p.a. (net of fees) above benchmark 10-year annivers
Slide 59: ...and accentuated through the valued work of the Foundation
..and accentuated through the valued work of the Australian Ethical Foundation... Reh Place-based nature solutions Empowering First Nations people and other communities. to protect and restore nature and demonstrate new place-based economic models $2.8m record donation to the Foundation in FY25 © Un
Slide 60: While the business continues to receive awards
...While the business continues to receive awards and recognition across many dimensions aiiuaton | AS Superannuation SuperReview Super Money Magazine Awards Roy Morgan Rainmaker ESG Rainmaker SuperRatings GOLD Fund of the Year Awards Best of the Best - Best NEO Brand Awards Leader Rating AAA Qualit
Slide 61: Outlook
Outlook
Slide 62: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision aiiuaton | AS + <> Make money a force for good -_ + Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attr
Slide 63: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attract new customers.
Slide 64: Growing with a clear, consistent and disciplined strategy
ausaiian | A Growing with a clear, consistent and disciplined strategy At yy) Our Vision + <> Make money a force for good -_ + Extend our ethical investment capability to win beyond super Build, package and deliver an integrated investment management, product, and distribution proposition to scale a
Slide 65: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good Enabled by a modern operating platform built for scale, efficiency & resilience Accelerate growth and underpin operating leverage and resilience. Differentiated capabilities through deep use of
Slide 66: Growing with a clear, consistent and disciplined strategy
Australian Ethical Growing with a clear, consistent and disciplined strategy yy) Our Vision + <> Make money a force for good -_ + | AS Enabled by a purpose driven & high performing culture Further enhance our unique, purpose driven and high performing culture, enabling our talent to achieve their po
Slide 67: Growing with a clear, consistent and disciplined strategy
Growing with a clear, consistent and disciplined strategy yy) Our Vision aiiuaton | AS + <> Make money a force for good -_ + Growing superannuation scale with ethical investment leadership Maximise growth through our differentiated value proposition, brand resonance and data driven marketing to attr
Slide 68: Australian Ethical
Australian Ethical Ag
Slide 69: Thank you
Slide 70: Questions
| Questions
Slide 71: That Sandra McCullagh be re-elected as Non-executive Director
That Sandra McCullagh be re-elected as Non-executive Director of Australian Ethical Investment
Slide 72: That Sandra McCullagh be re-elected as Non-executive Director
That Sandra McCullagh be For re-elected as Non-executive 47,222,105 Director of Australian Ethical Investment Open 763,846 Against 308,832 Abstain (C) 102,646
Slide 73: That Brian Bissaker be elected as Non-executive Director
That Brian Bissaker be elected as Non-executive Director of Australian Ethical Investment
Slide 74: That Brian Bissaker be elected as Non-executive Director
That Brian Bissaker be elected as For Non-executive Director of Australian 47476,470 Ethical Investment Open 772,010 Against 47,347 Abstain 101,602 Resolution 3 fusraton | A
Slide 75: Grant of long-term Hurdled Performance Share Rights
Grant of long-term Hurdled Performance Share Rights to the Chief Executive Officer
Slide 76: Grant of long-term Hurdled Performance Share Rights
Grant of long-term Hurdled Performance Share Rights to the Chief Executive Officer Resolution 4 44,386,299 Open 761,402 Against 1,946,047 Abstain 1,050,375 Australian Ethical |As
Slide 77: That the Remuneration Report be adopted
That the Remuneration Report for the financial year ended 30 June 2025 be adopted.
Slide 78: That the Remuneration Report be adopted
That the Remuneration Report for the financial year ended 30 June 2025 be adopted. Resolution 5 44,525,998 Open 763,024 Against 1,773,713 Abstain 1,081,388 Australian Ethical |AS
Slide 79: Australian Ethical
Australian Ethical Ag 38
Slide 80: Disclaimer
Disclaimer Australian Ethical Investment Ltd (ABN 47 003 188 930; AFSL No. 229949) (AEI is the Responsible Entity of the Australian Ethical Managed Funds. Products in the Australian Ethical Retail Superannuation Fund (ABN 49 633 667 743) (Super Fund) are distributed by Australian Ethical Investment
Slide 81: Disclaimer
Disclaimer Zenith- ‘Recommended’ rating applies to the Altius Green Bond Fund, Altius Sustainable Bond Fund, and Altius Sustainable Short Term Income Fund The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) ("Zenith") rating AUS9041AU Altius Green Bond Fund, AUSOO7IAU Altius Sust
Australian Ethical Investment — Shareholder Meeting (November 2025) on 6ix