Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — FY2025 Earnings Presentation
36 slides from Charter Hall Long Wale Reit's earnings presentation, Aug 6, 2025
Slide 1: 2025 Full Year Results
Charter Hall Long WALE REIT 2025 Full Year Results ASX:CLW
Slide 2: Agenda
Agenda Agenda 1. Overview and FY25 full year highlights 2. Financial performance 3. Operational update and portfolio overview Acknowledgement of Country 4. Outlook and guidance Charter Hall acknowledges the Traditional 5. Additional information Custodians of the lands on which we work and gather. We
Slide 3: Overview and FY25 full year highlights
Overview and FY25 full year highlights 1 Coles Distribution Centre Perth, WA Coles expansion facility currently under construction (bottom right)
Slide 4: Overview and FY25 full year highlights
Overview and FY25 full year highlights Best in class diversified real estate portfolio secured by long term leases to blue-chip tenants $5.5 bn 9.3 years 99.9% portfolio valuation WALE occupancy1 3.0% 54% LFL2 property income NNN leases1,3 growth 99% Arnott’s Huntingwood Sydney, NSW leased to blue-c
Slide 5: FY25 full year highlights
Overview and FY25 full year highlights FY25 full year highlights1 Financial Portfolio Capital performance performance management FY25 Operating EPS of Stabilisation of valuations $715 million of new interest rate 25.0 cents per security Full year like-for-like valuation movement was flat hedging com
Slide 6: Real estate valuation cycle since June 2020
Overview and FY25 full year highlights Real estate valuation cycle since June 2020 CLW like-for-like1 portfolio sector cap rates since June 2020 7.0% On a like-for-like basis1 across CLW’s diversified real 1 estate portfolio, sector cap rates have on average 6.5% expanded over the past two and a hal
Slide 7: Financial performance
Financial performance 2 Crows Nest Hotel Sydney, NSW
Slide 8: Earnings summary
Financial performance Earnings summary - FY25 like-for-like net property income increased by A$m FY24 FY25 % change 3.0% offset by divestment activity Net property income – LFL 282.9 291.3 3.0% - Reduction in operating expenses and finance costs Net property income – transactions 49.8 8.4 driven by
Slide 9: Balance sheet
Financial performance Balance sheet - During FY25, CLW settled $350 million of property A$m 30 June 2024 30 June 2025 divestments and $12 million of acquisitions, with the Cash 22.7 55.4 net proceeds utilised to: Investments properties 2,773.4 2,387.8 − Complete $50 million on market security buy-ba
Slide 10: Capital management
Financial performance Capital management Diversified and well-balanced, long term debt maturity profile – A$m 695 - $310 million of balance sheet debt was refinanced 656 and extended by 2.8 years from FY27 to FY30 510 492 - $715 million of interest rate swaps were entered into across CLW and its joi
Slide 11: Operational update and portfolio overview
Operational update and portfolio overview 3 Geoscience Australia Canberra, ACT
Slide 12: Portfolio curation through selective and targeted divestments
Operational update and portfolio overview Portfolio curation through selective and targeted divestments Sale price Property Tenant Settlement date (A$m) Agri-logistics Completion of FY24 divestment program Inghams portfolio (27 assets) Inghams 225.3 August 2024 Settled $299 million of sales contract
Slide 13: Portfolio enhancing and earnings accretive acquisitions completed
Operational update and portfolio overview Portfolio enhancing and earnings accretive acquisitions completed Increased exposure to critical, Commonwealth Government leased, social infrastructure properties Social infrastructure $134.7 million Department of Defence (DoD), Canberra ACT Australian Borde
Slide 14: Portfolio enhancing and earnings accretive acquisitions completed (continued)
Operational update and portfolio overview Portfolio enhancing and earnings accretive acquisitions completed (continued) Hospitality Office $11.5 million $94.6 million Narrabeen Sands Accommodation, NSW BWS Crows Nest, NSW Westpac, Kogarah NSW − Strategic acquisition of the accommodation that adjoins
Slide 15: $5.5 billion diversified portfolio of high quality real estate
Operational update and portfolio overview $5.5 billion diversified portfolio of high quality real estate Diversified across geography, real estate sector and tenant industries Key metrics June 2024 June 2025 Number of properties 540 510 Property valuation (A$m) 5,768 5,455 Weighted Average Capitalis
Slide 16: Best in class tenant register
Operational update and portfolio overview Best in class tenant register Strong and stable tenant base of government, ASX-listed, multinational and national tenants Major tenants1 22% 4% 18% 3% 14% 2% 12% 2% 5% 1% 5% 1% 5% 1% 1. Weighted by net passing income as at 30 June 2025 Charter Hall Long WALE
Slide 17: Focus on key defensive tenant industries
Operational update and portfolio overview Focus on key defensive tenant industries1 Defensive and resilient to economic shocks Convenience retail – hospitality (23%) Government (18%) Data centres & telecommunications (14%) Convenience retail – service stations (12%) Breakfast Creek Hotel, Brisbane G
Slide 18: Long portfolio WALE
Operational update and portfolio overview Long portfolio WALE1 Blue chip covenants providing long term income security 9.3 years 12.6% 12.7% 10.8% 8.1% 7.2% 7.0% 5.8% 4.9% 4.4% 4.3% 4.4% 4.0% 2.5% 2.8% 2.3% 1.5% 1.5% 1.8% 0.4% 0.6% -% FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38
Slide 19: Longer portfolio WALE+
Operational update and portfolio overview Longer portfolio WALE+1 WALE+ reflects the portfolio WALE and all future option terms for CLW’s NNN leased portfolio - 54% of CLW’s portfolio is comprised of NNN leased properties that are of critical importance to the business operations of our tenant custo
Slide 20: Sustainability initiatives
Operational update and portfolio overview Environment Social Governance Sustainability initiatives Achievements in FY25 Net Zero by 2025 Natural disaster relief and recovery ESG leadership Maintained Net Zero Scope 1 and Scope 2 Charter Hall Group invested over $1 million with CLW scored 78 points i
Slide 21: Outlook and guidance
Outlook and guidance 4 bp Caringbah Sydney, NSW
Slide 22: Outlook and guidance
Outlook and guidance Outlook and guidance - CLW’s strategy is to provide investors with stable and secure income and target both income and capital growth through an exposure to a diversified portfolio leased to corporate and government tenants - Portfolio occupancy is 99.9% with a long WALE underpi
Slide 23: Additional information
Additional information 5 Bunnings Baldivis Perth, WA
Slide 24: FY26 operating earnings bridge
Additional information FY26 operating earnings bridge Operating earnings per security (cents) 1.3 (0.7) 1.1 (0.9) (0.2) 25.5 25.0 FY25 OEPS Net property income - Net property income - Finance costs - Finance costs - Operating expenses FY26 OEPS guidance like-for-like growth net transactions net tran
Slide 25: Statutory earnings reconciliation
Additional information Statutory earnings reconciliation Reconciliation of operating earnings to statutory earnings A$m FY24 FY25 Operating earnings 188.0 178.6 Net fair value movement on investment properties (626.0) (6.5) Net movements on derivative financial instruments (48.6) (48.2) Straight lin
Slide 26: CLW and joint venture summary
Additional information CLW and joint venture summary Investment in property joint ventures – operating earnings and balance sheet breakdown FY25 Balance Perth RDC CH DC Kogarah CH BBD Telstra $m LWIP bp Aus CH 242 bp NZ CH LEP CH GSA Total sheet Trust Fund Trust Fund Exchanges Ownership interest 100
Slide 27: CLW and joint venture summary
Additional information CLW and joint venture summary Investment in property joint ventures – operating earnings and balance sheet breakdown FY24 Balance Perth RDC CH DC Kogarah CH BBD Telstra $m LWIP bp Aus CH 242 bp NZ CH LEP CH GSA Total sheet Trust Fund Trust Fund Exchanges Ownership interest 100
Slide 28: FY25 portfolio revaluations
Additional information FY25 portfolio revaluations Data centres - 100% of the portfolio has been independently Long WALE Industrial & social- Agri- Portfolio valuation (A$m) retail & logistics Office infrastructure logistics Total valued during the financial year resulting in a net property valuatio
Slide 29: Debt facility summary
Additional information Debt facility summary - $2.7 billion of look through debt facilities across Debt maturity profile – A$m CLW’s head trust and joint venture partnerships 695 - Weighted average debt maturity term of 3.6 years 656 26 70 - Diversity of lenders with 35% of total look through 30 510
Slide 30: Geographic and sector diversification
Additional information Geographic and sector diversification Geographic diversification1 Real estate sector diversification1,2 Northern Territory New Zealand & Tasmania 9.5 year Australian Capital 3% 2% Territory WALE 5% Data centres & social 6.3 year infrastructure WALE 12% South Australia 5% New S
Slide 31: Property investment portfolio
Additional information Property investment portfolio Long WALE retail – $2.7 billion1 REIT Valuation1 WALE3 GLA4 Asset State Cap rate2 Occupancy3 WARR3 interest (A$m) (years) (sqm) Hospitality ALE portfolio (80 properties)5 Australia wide 50.0% 837.3 4.9% 3.6 100% 230,799 CPI6 LWIP portfolio (66 pro
Slide 32: Property investment portfolio
Additional information Property investment portfolio Industrial & logistics – $1.2 billion1 REIT Valuation1 WALE3 GLA4 Asset State Cap rate2 Occupancy3 WARR3 interest (A$m) (years) (sqm) Arnott’s, Huntingwood NSW 50.0% 250.0 4.5% 26.5 100% 52,908 CPI + 0.5% National Archives, Chester Hill NSW 100.0%
Slide 33: Property investment portfolio
Additional information Property investment portfolio Office – $0.9 billion1 REIT Valuation1 WALE3 NLA4 Asset State Cap rate2 Occupancy3 WARR3 interest (A$m) (years) (sqm) The Glasshouse, Macquarie Park NSW 50.0% 148.5 6.3% 6.7 98% 35,114 3.5% Westpac Building, Kogarah NSW 50.1% 100.4 7.0% 9.1 100% 3
Slide 34: Property investment portfolio
Additional information Property investment portfolio Data centres & social infrastructure – $0.6 billion1 REIT Valuation1 WALE3 Area4 Asset State Cap rate2 Occupancy3 WARR3 interest (A$m) (years) (sqm) Telco Exchanges portfolio (36 properties) Australia wide 15.0% 257.2 4.7% 15.2 100% 347,270 CPI +
Slide 35: Glossary
Additional information Glossary ASX Australian Securities Exchange Balance sheet gearing Calculated as the ratio of net drawn debt (excluding unamortised debt establishment costs) to total tangible assets, less cash CAGR Compound annual growth rate CLW or the REIT Charter Hall Long WALE REIT DPS Dis
Slide 36: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/clw IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the s
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