Propel Funeral Partners Ltd. · ASX:PFP
Propel Funeral Partners — Shareholder Meeting (November 2026)
44 slides from Propel Funeral Partners's shareholder meeting presentation, Nov 9, 2026
Slide 1: 2026 AGM Addresses, Presentation and Trading Update
ASX ANNOUNCEMENT For personal use only 9 November 2026 2026 AGM Addresses, Presentation and Trading Update Attached are the addresses and accompanying presentation to be delivered by the Chair and the Co-CEOs of Propel Funeral Partners Limited (Company or Propel) at the Company’s 2026 Annual General
Slide 2: Address from the Chair, Naomi Edwards
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses PROPEL FUNERAL PARTNERS LIMITED Monday, 9 November 2026 (9.30am) 2026 Annual General Meeting For personal use only Address from the Chair, Naomi Edwards: Slide 3 Good morning everyone, and thank you so much for joining us today. I
Slide 3: Chair's address: meeting procedure and voting
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Slide 5 After my introduction, Lilli and Fraser will provide some comments on last year’s financial results as well as a trading update, among other matters. The formal matters of the Meeting will then be For personal use only add
Slide 4: Chair's address: growth strategy and industry
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Propel remains focussed on a clearly defined growth strategy to acquire social infrastructure and assets which operate within the death care industry in Australia and New Zealand such as: − private funeral home operators; − funera
Slide 5: Address from the Co-CEOs
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Address from the Co-CEOs, Lilli Rayner and Fraser Henderson: Slide 8 For personal use only [Lilli] Thanks Naomi and good morning everyone. It’s a pleasure to present to you today alongside my fellow Co-Founder and Co-CEO, Fraser H
Slide 6: Co-CEOs' address: network and brands
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Slide 11 This slide illustrates how Propel’s network has evolved. For personal use only We started with one funeral home in Queensland and today, we operate from 213 locations across Australia and New Zealand, including 42 cremati
Slide 7: Co-CEOs' address: cash conversion and revenue diversification
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Slide 15 Cash conversion continues to be a key focus. For personal use only As you can see from this chart, Propel’s cash conversion has remained consistently high, averaging 99% for over a decade. In FY26, cash conversion remaine
Slide 8: Co-CEOs' address: acquisitions and demographics
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Whilst we have no new acquisitions to announce today, Propel continues to explore several acquisition opportunities and remains active in discussions with multiple vendors about them and their businesses joining the network. Timin
Slide 9: Co-CEOs' address: organic growth and trading update
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Propel’s network is also seeking to reinforce the value of a funeral among their communities, as well as enhancing their product offerings and benefiting from digitisation efficiencies. As a business, Propel is also selectively ex
Slide 10: Co-CEOs' address: thanks and close
Propel Funeral Partners Limited – 2026 Chair’s and Co-CEO’s Addresses Finally, and before I hand back to Naomi, Lilli and I would like to: − welcome Sonia to the Board; − extend our gratitude and thanks to our long time Chair, Brian Scullin, who retired recently; − thank our fellow Board members for
Slide 11: 2026 Annual General Meeting
rsonal use only 2026 Annual General Meeting 9 November 2026
Slide 12: The Chair's Introduction
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Slide 13: Naomi Edwards, Independent Chair
rsonal use only Naomi Edwards Independent Chair and Non Executive Director “Propel remains focused on disciplined execution of its acquisition-led growth strategy, supported by a strong financial position, trusted local brands and a commitment to delivering sustainable long-term value for shareholde
Slide 14: Your Board
Your Board Focused on delivering for stakeholders rsonal use only JENNIFER LANG NEIL LITTLE NAOMI EDWARDS Independent NED and Independent NED Independent Chair and Chair of the Audit & Non-Executive Director Risk Committee (NED) SONIA PETERING AM FRASER HENDERSON LILLI RAYNER Independent NED and Co-
Slide 15: Agenda
Agenda rsonal use only 1. The Chair’s introduction 2. Presentation from the Co-CEOs 3. Formal Business 4. Questions PFP Annual General Meeting 2026 5
Slide 16: Proxies received prior to the cut-off time
Proxies received prior to the cut-off time A total of 217 valid proxy forms were received, and respective shareholdings were accumulated and are summarised below: Resolution For Open Against Abstain rsonal use only 1 44,780,287 548,046 824,384 130,483 2 63,763,656 549,461 1,663,145 41,470 3 63,080,0
Slide 17: The Chair's introduction
The Chair’s introduction 1. FY26 Results rsonal use only 2. Dividends: • 14.4cps fully franked in connection with FY26 (FY25: 14.4cps) • $1.09 per share fully franked since IPO (~$1.56 per share, grossed up for tax) 3. Strengthened funding position to support growth initiatives: • refinanced debt fa
Slide 18: Presentation from the Co-CEOs
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Slide 19: Lilli Rayner and Fraser Henderson, Co-CEOs
rsonal use only Lilli Rayner and Fraser Henderson Co-founders and Co-CEOs “Propel is well positioned to benefit from favourable demographic tailwinds, underpinned by its scale, leading market position and diversified network of brands and essential infrastructure.” Gregson & Weight, Buderim PFP Annu
Slide 20: FY26 Snapshot
FY26 Snapshot Revenue Funeral Volumes Average Revenue Per Funeral Trading1 rsonal use only 1 $226.6m 22,854 $6,673 ▲0.3% ▲1.1% ▲~2%2 on a comparable basis Operating EBITDA Operating NPAT Cash Flow Conversion 2 Earnings1 $55.3m $20.7m 100.7% ▼1.6% ▼4.0% ▼150bps Dividend Gearing Ratio Funding Capacity
Slide 21: Geographic Presence
Geographic Presence 213 operating locations1 (130 owned / 83 leased), including 42 cremation facilities and 9 cemeteries rsonal use only August 2013 November 2026 Queensland 1 Diversified geographic footprint is difficult to replicate, with businesses dating back to the late 1800s and early 1900s 1.
Slide 22: Brand Portfolio
Brand Portfolio Australia NZ rsonal use only Pinegrove Funerals Southern Funeral Home ismore Funeral Services Diversified single and multi-site brands with strong local community awareness Acquisitions completed since 1 July 2025. PFP Annual General Meeting 2026 12
Slide 23: Track Record
Track Record Delivered long term growth in key metrics 225.8 226.6 22,602 22,854 209.2 Funeral Volumes (#) 21,655 Revenue ($m) rsonal use only 18,029 168.5 16,537 145.2 13,916 13,299 120.4 11,304 110.8 10,111 95.1 80.9 6,054 46.1 2,967 1,625 22.4 10.9 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY2
Slide 24: Average Revenue Per Funeral Growth
Average Revenue Per Funeral Growth Compound annual growth rate (CAGR) of ~2.7% since FY15 rsonal use only 2%1 (comparable) Total impacted by: $6,721 $6,673 - recent acquisitions $6,635 - foreign exchange impacts CAGR ~2.7% $6,398 $6,038 $5,917 $5,672 $5,585 $5,508 $5,223 $5,099 $4,976 FY15 FY16 FY
Slide 25: Cash Flow Conversion
Cash Flow Conversion Consistently strong Funeral homes rsonal use only ▼ 104.0% 103.4% 101.8% 100.2% 102.2% 100.7% ~99% average 98.9% 97.4% 98.4% 93.7% 96.5% 95.4% (since FY15) FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 PFP Annual General Meeting 2026 15
Slide 26: Diversified Revenue
Diversified Revenue Essential service provider of scale with diversified and defensive revenue streams rsonal use only By Country By Market By Operating Business 27% NZ 47% 53% Metro Regional 73% AU PFP Annual General Meeting 2026 16
Slide 27: Industry Fragmentation Leading to Acquisitions
Industry Fragmentation Leading to Acquisitions Industry Fragmentation Acquisitions Propel is the #2 operator in the highly fragmented AU/NZ rsonal use only 1 1 During and since FY26, Propel completed: funeral services industry, with ~10% market share Significant consolidation runway remains, with >5
Slide 28: Demographic Tailwinds in an Evolving Market
Demographic Tailwinds in an Evolving Market Structural Tailwinds Market Trends 3.5 Australian Fertility Rate Demographic wave imminent rsonal use only First of the ‘baby boomer’ generation, born in 1946: 3.0 - aged ~80yo in 2026 - median age of death steady at 81-82 Baby Boomers 2.5 Evolving prefere
Slide 29: Capturing Growth in an Evolving Market
Capturing Growth in an Evolving Market Long term demand backdrop remains favourable and Propel is positioning to capture growth Inorganic Organic rsonal use only Acquisition Digital & Client Service & Product Operational Led Focus Offerings Discipline • highly fragmented • digital marketing and • re
Slide 30: Trading Update
Trading Update Resilient Q1 trading, despite industry volume contraction (expected to be temporary) and FX headwinds Q1 FY271: rsonal use only Reported Constant Currency Revenue: ~$63m in line with PCP ~3% over the PCP Operating EBITDA: ~$17m in line with PCP ~3% over the PCP ARPF (comparable) g
Slide 31: Formal business
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Slide 32: Item 1: Financial report, directors' report and auditor's report
Formal business: Item 1 Item 1: Financial report, directors report and auditor’s report rsonal use only “To receive and consider the Company’s financial report, director’s report and auditor’s report for the year ended 30 June 2026.” Note: there is no requirement for shareholders to approve these re
Slide 33: Resolution 1: Remuneration report
Formal business: Item 2 Item 2 (resolution 1): Remuneration report rsonal use only “That the remuneration report that forms part of the directors’ report of the Company for the financial year ended 30 June 2026 be adopted.” Note: this resolution is advisory only and does not bind the directors of th
Slide 34: Resolution 2: Re-elect Sonia Petering AM
Formal business: Item 3 Item 3 (resolution 2): Resolution to re-elect Ms Sonia Petering AM as a director rsonal use only “That Ms Sonia Petering AM, being a director of the Company who was appointed as a new director since the last annual general meeting, offers herself for re- election as a directo
Slide 35: Resolution 3: Re-elect Naomi Edwards
Formal business: Item 4 Item 4 (resolution 3): Resolution to re-elect Ms Naomi Edwards as a director rsonal use only “That Ms Naomi Edwards, being a director of the Company who retires by rotation under rule 6.7(b) of the Company’s constitution, offers herself for re-election as a director, and is h
Slide 36: Resolution 4: Re-elect Jennifer Lang
Formal business: Item 5 Item 5 (resolution 4): Resolution to re-elect Ms Jennifer Lang as a director rsonal use only “That Ms Jennifer Lang, being a director of the Company who retires by rotation under rule 6.7(b) of the Company’s constitution, offers herself for re-election as a director, and is h
Slide 37: Resolution 5: Performance rights to Fraser Henderson
Formal business: Item 6 Item 6 (resolution 5): Resolution relating to the grant of performance rights to Fraser Henderson (or his nominee) in connection with his long-term incentive for FY27 rsonal use only “That, for the purposes of Listing Rule 10.14 and for all other purposes, approval is given t
Slide 38: Resolution 6: Performance rights to Lilli Rayner
Formal business: Item 7 Item 7 (resolution 6): Resolution relating to the grant of performance rights to Lilli Rayner (or her nominee) in connection with her long-term incentive for FY27 rsonal use only “That, for the purposes of Listing Rule 10.14 and for all other purposes, approval is given to th
Slide 39: Questions
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Slide 40: Votes to be counted
rsonal use only Votes to be counted PFP Annual General Meeting 2026 30
Slide 41: Meeting close - thank you
rsonal use only Meeting close - thank you PFP Annual General Meeting 2026 31
Slide 42: Definitions
Definitions Accordion Facility means the new $50 million accordion facility announced on 24 February 2026, drawdown of which is subject to satisfaction of customary conditions precedent/approvals. ABS means Australian Bureau of Statistics. AGM Annual General Meeting AU means Australia rsonal use onl
Slide 43: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation contains summary information about Propel Funeral Partners Limited As such, undue reliance should not be placed on any such forward looking statement. (ACN 616 909 310) (Propel) and its activities current as at the date of this presentation. Propel N
Slide 44: Propel Funeral Partners
PROPEL FUNERAL PARTNERS
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