Finbar Group Limited · ASX:FRI
Finbar — Euroz Hartleys Industrial Forum 2025
20 slides from Finbar's conference presentation, Nov 20, 2025
Slide 1: Euroz Hartleys Industrial Forum
EUROZ HARTLEYS INDUSTRIAL FORUM 20 NOVEMBER 2025 CIVIC HEART 1
Slide 2: About Finbar
ABOUT FINBAR • Finbar Group Limited, listed on the ASX since 1995, has established a remarkable 30-year profitable track record as Western Australia’s leading apartment property developer. • With a 100% project delivery success rate, Finbar has completed 79 residential and mixed-use developments to
Slide 3: 79 Completed Projects | 7,407 Units
79 COMPLETED PROJECTS | 7,407 UNITS 3
Slide 4: Strategic Growth Summary
STRATEGIC GROWTH SUMMARY Delivering WA’s Housing Needs Focused Growth in Apartments WHERE WE BUILD – Elevating the standard of inner-city living • Prime, walkable, transit-connected precincts across metropolitan Perth • Designed to enhance lifestyle, community and accessibility HOW WE COMPETE – Trus
Slide 5: Corporate Overview
CORPORATE OVERVIEW Capital Structure Current Shares on Issue 272,123,142 Market Capitalisation1 $238m Top 20 Holders 2 71.4% Board & Management Shareholding 2 37.9% 1. Closing price on 19 November 2025 ($0.875 per share) 2. As at 19 November 2025 5
Slide 6: Market Outlook
MARKET OUTLOOK Current State of the Western Australian Residential Market – Key Trends & Insights Demand Drivers • Strong Migration: Continued interstate and overseas migration with annual net increase 11,675 and 41,395 respectively, equating to over 1,000 people per week 1 • Market Outperformance:
Slide 7: Market Outlook: Capital Cities by Value Segment
MARKET OUTLOOK Capital cities by Value Segment – Quarterly change (3 months to October 2025) Cotality’s Monthly Housing Chart Pack highlights that the lowest 25% or middle 50% of market values are seeing the fastest appreciation. 7 Cotality Monthly Housing Chart Pack November 2025
Slide 8: Development Sales Activity Update
DEVELOPMENT SALES ACTIVITY UPDATE 8 GARDEN TOWERS
Slide 9: Finbar vs Total Sales
Finbar vs total Sales Highest market share ever – Finbar 60% Source: Urbis Apartment Essentials Q3 2025
Slide 10: Average Sales Per Day (Calendar Year)
AVERAGE SALES PER DAY (CALENDAR YEAR) • 469 sales this CY2025 600 • Average 1.46 sales per day 87% 1.80 increase over previous year 1.54 1.60 1.46 500 1.33 1.40 1.20 1.21 1.15 400 1.20 1.06 1.00 0.94 0.89 1.00 0.86 0.84 0.86 300 0.80 0.78 0.75 0.75 0.68 0.80 0.65 0.54 0.56 200 0.60 0.43 0.43 0.30 0.
Slide 11: Completed Stock Sell Down
• $158 million in completed stock sell down CY 2025 COMPLETED STOCK SELL DOWN at Civic Heart, Aurora, The Point (excluding Pelago*) averaging $15.2 million per month. $300 Completion Millions $244 $250 Completion $212 $205 Completion Completion $194 $200 $181 $171 $175 $176 $170 $163 $157 Completion
Slide 12: Total Current Presales Value
TOTAL CURRENT PRESALES VALUE (FINANCIAL YEAR) • $514 million in total pre-sales: • $455 million in off-the-plan • $47 million in completed stock $600 • $12 million Pelago Karratha Millions $514 $500 $415 $397 $400 $310 $296 $300 $251 $257 $195 $200 $167 YEAR TO DATE $123 $100 $46 TO DATE $- FY2016 F
Slide 13: Investors Sales
• In Q3 2025, 53% of buyers are Investors and 47% are Owner INVESTORS SALES Occupiers • Represents a 65% increase in investor demand compared to the average investor sales achieved over the previous three quarters. • Riverbank highest selling project ever recorded in a quarter – Urbis Perth Apartmen
Slide 14: Repeat Buyers (Calendar Year)
REPEAT BUYERS (CALENDAR YEAR) • 18% repeat buyer sales CY 2025 • 56% increase over last year • Strong repeat buyer profile driven through leveraging of Finbay Loyalty Club membership 100 25% 90 80 19% 20% 18% 70 15% 15% 60 15% 13% 12% 12% 50 12% 10% 40 9% 10% 30 6% 6% 6% 20 5% 3% 10 1% 2 12 29 26 20
Slide 15: Completed Projects
COMPLETED PROJECTS Over 96% of apartments across completed projects sold $39m, 21 Unsold Residential Stock (excluding Pelago) South Perth Rivervale Applecross Karratha Completed June 2024 Completed October 2024 Completed August 2024 Asset Held for Sale $445m | 334 units $158m | 121 units $113m | 176
Slide 16: Projects Under Construction
PROJECTS UNDER CONSTRUCTION Bel-Air sold out and Riverbank at 97% sold Total Estimated End Value $517m, 682 Lots East Perth Belmont Rivervale Completion est mid-2026 Completion est mid-2026 Completion est mid-2027 $285M Value | 343 units $114M Value | 196 units $118M Value | 143 units 80% SOLD 100%
Slide 17: Projects to Launch
PROJECTS TO LAUNCH Two Project launches planned in the next six months Total Estimated End Value $268m, 282 Lots Palmyra Applecross Full Launch December 2025 Launch est H1 2026 Completion est mid-2027 Completion est 2028 $96M Value | 130 Units $172M Value | 152 Units 28% RESIDENTIAL SOLD PRE-LAUNCH
Slide 18: Projects in Planning
PROJECTS IN PLANNING Pipeline Total Estimated End Value $482m, 563 Lots Railway Parade, Lyall Street, Lot 888, West Leederville South Perth Rivervale Launch est mid 2026 Launch est H2 2026 Launch est mid 2027 Completion est mid-2029 Completion est mid-2029 Completion est mid-2029 $238M Value | 267*
Slide 19: Five Year Development Pipeline
FIVE YEAR DEVELOPMENT PIPELINE 2025 and 2026 Deliverables: • Completion of Garden Towers • Completion of Bel-Air Apartments • Construction of Riverbank Residences commenced in October 2025 • Palmyra West pre-launch in November 2025 and construction commencement in February 2026 • Romeo Applecross la
Slide 20: Important Notice
Important Notice Future performance and forward looking statements This announcement contains certain forward looking statements with respect to the financial condition, results of operations, projects and business of Finbar and certain plans and objectives of Finbar. Forward looking statements can