Slide 1: 2025 Full Year Results
Charter Hall Group 2025 Full Year Results ASX:CHC Charter Hall Group 2025 Full Year Results
Slide 2: Agenda
Agenda Agenda 1. Highlights and Strategy 2. Group Funds Management 3. Property Investment 4. Development Investment 5. Financial Results 6. Guidance 7. Additional Information Woodstock Avenue Industrial Centre, Glendenning (CPIF) Acknowledgement of Country Charter Hall acknowledges the Traditional C
Slide 3: Highlights and Strategy
Highlights and Strategy 1 Charter Hall Group 2025 Full Year Results 555 Collins Street, Melbourne (CPOF) 3
Slide 4: Group highlights FY25
Highlights and Strategy Group highlights FY251 Group Returns Property Investments Funds Management Investment Capacity FY26 Earnings Guidance EPS (+10.6%) $385 million $2.7bn $84.3bn $5.9bn Operating earnings Co-investment portfolio Group FUM4 Group investment capacity2 81.4cps ↑ 90.0cps FY25 delive
Slide 5: CHC's Total Securityholder Return has significantly outperformed the A-REIT index and peers
Highlights and Strategy Annualised TSR over the last 20 years since CHC listing (% p.a.)1 CHC’s Total Securityholder Return CHC has achieved the greatest annualised and cumulative TSR out of major Australian peers and indexes (TSR) has significantly outperformed the 15.2% 1.9x 2.7x A-REIT index and
Slide 6: Property markets moving into recovery phase: Market indicators continuing to improve
Highlights and Strategy Property markets moving into recovery phase: Market indicators continuing to improve Constructive rate path Capital Values Yields (Prime indicative market average Office, I&L, Sub-regional Retail) (Prime indicative market average Office, I&L, Neighbourhood Retail) $9,000 12%
Slide 7: Our Strategic Pillars
Highlights and Strategy Our Strategic Pillars Access Deploy Manage Invest We use our expertise to Accessing equity from listed, wholesale and retail investors Creating value through attractive investment opportunities Funds management, asset management, leasing and Investing alongside our capital pa
Slide 8: Operating earnings and distributions growth
Highlights and Strategy Operating Operating earnings and distributions growth earnings growth DPS (cash paid) DPS (grossed up) - Doubling of net equity inflows OEPS (post-tax) driving fund creation underpins FM earnings growth 115.6cps - Cumulative retained earnings of $1.3bn since FY15 funding orga
Slide 9: Group Funds Management
Group Funds Management 2 Charter Hall Group 2025 Full Year Results Glebe Hill Village, Howrah (CQR) 9
Slide 10: Scale and diversification
Group Funds Management Scale and diversification FY25 Group FUM growth of $3.4bn plus a further $2.7bn post balance date – Diversification of equity sources and by sector – 31% Industrial & Logistics, 28% Office, 22% Listed Equities, 15% Convenience Retail and 4% Social Infrastructure Group FUM by e
Slide 11: Property Funds Under Management (FUM) growth
Group Funds Management Property Funds Under Management (FUM) growth Growth in property FUM of $3.9bn from Jun-24 to FY26 YTD1 Property FUM growth ($bn) Property FUM by equity source ($bn) 5-year Property FUM CAGR of 10.5% Wholesale 11.9% 1 $69.4bn Listed 8.7% $71.9bn $69.4bn1 $1.7bn Direct 6.5% $10.
Slide 12: Property funds management portfolio
Group Funds Management Property funds management portfolio Convenience Net lease retail grew by 21% due to HPI take-private Largest diversified property portfolio in Australia Portfolio value Lettable area No. of Net rent WARR WALE Occupancy WACR Property FUM ($bn) (m sqm) Properties ($m) (%) (years
Slide 13: Equity inflows
Group Funds Management Equity inflows 1.5x year-on-year net equity inflows already achieved in FY26 to date - Diverse sources of equity across ($m) FY23 FY24 FY25 FY26 YTD Wholesale, Listed and Direct (to 21 Aug 2025) - Wholesale flows driving 93.4% of new equity inflows across both Wholesale pooled
Slide 14: Industrial & Logistics
Group Funds Management Industrial & Logistics – Modern, high-occupancy portfolio of 7.2m sqm Hello Fresh, Light Horse Logistics Hub (CPIF) Coles, MidWest Logistics Hub, Truganina (CPIF) Translink Avenue, Launceston (CPIF & DIF4) lettable area – Strong leasing momentum with 559,215 sqm leased across
Slide 15: Office
Group Funds Management Office – Modern, high-occupancy portfolio of 1.9m sqm lettable area. Strong leasing momentum with 227,642 sqm leased1 across 222 transactions. Effective rents outpacing face rents GPO Tower, 2-10 Franklin Street, Adelaide 10 Shelley Street, Sydney (CPOF & DOF) 480 Swan Street,
Slide 16: Convenience Retail
Group Funds Management Convenience Retail – High-occupancy portfolio of 98.9% with 1.4m Ampol, Dee Why (CQR) Bunnings, Oxenford (CCRF) Kings Langsley, Kings Langley (CQR) sqm lettable area – Strong leasing momentum with 44,020 sqm leased across 297 transactions Convenience Shopping Centre Retail – C
Slide 17: Social Infrastructure
Group Funds Management Social Infrastructure – 100% occupancy Only About Children, Balwyn North (CQE) Clinipath Pathology, Osborne Park (CQE) Geoscience Australia Facility, Canberra (CLW, CQE & DIF4) – Properties for essential services with low correlation to economic cycle – Strong population growt
Slide 18: Deep, trusted cross sector relationships
Group Funds Management Top 20 platform tenants by net income Deep, trusted cross sector relationships Transacted with 10 of the top 20 17.4% tenant customers in FY25, including new top 20 entrant QVC / AVC from HPI take private Office – Our top 20 tenants represent 55% of Industrial & Logistics prop
Slide 19: FY25 property transaction activity
Group Funds Management FY25 property transaction activity $6.1bn of transaction activity in the full year, equivalent to 1.5x FY24, led by take private of HPI in Convenience Net Lease Retail Convenience Social Industrial & Convenience ($bn) Office Shopping Centre Infrastructure / Total Logistics Net
Slide 20: Property Investment
Property Investment 3 Charter Hall Group 2025 Full Year Results Powerlink, TradeCoast Logistics Hub, Pinkenba (CPIF) 20
Slide 21: Property Investment portfolio
Property Investment Property Investment portfolio Property Investment portfolio of $2.7bn Portfolio Value No. of WALE Occupancy WARR WACR WADR ($bn) Properties (years) (%) (%) (%) (%) 30 June 2025 2.7 1,542 7.6 97.0 3.2 5.8 7.0 30 June 2024 2.6 1,607 7.2 97.4 3.4 5.7 6.8 Sector allocation Geographic
Slide 22: Diversified Property Investment earnings
Property Investment Diversified Property Property Investment earnings Investment earnings (by sector) - Property Investment portfolio Listed Equities provides growth and resilience given 3% Social quality and strong tenant customer Infrastructure composition 13% - No single asset is more than 6% of
Slide 23: Development Investment
Development Investment 4 Charter Hall Group 2025 Full Year Results Artist’s impression: Chifley Square, South Tower, Sydney (CTT) 23
Slide 24: Driving superior returns through our develop to core approach
Development Investment Driving superior returns through our develop to core approach – Development completions of $0.9bn over the last 12 months – 94% of Industrial & Logistics and 79% of Office committed projects are pre-leased1 – $1.5bn across 3 new pre-leases in Industrial – $3.9bn of on-completi
Slide 25: National industrial development pipeline
Development Investment National industrial development pipeline Delivering strategically located essential industrial assets $6.9bn Industrial & Logistics – $879m of industrial development completions over FY25. 9 projects completed with a WALE of 9 years – $2.4bn committed future developments under
Slide 26: National office development pipeline
Development Investment National office development pipeline Chifley Square, North and South Tower, Sydney $6.1bn – Exceptional premium position with Chifley North including new retail, tenant amenity and public domain – Combined precinct of ~110,000sqm NLA – Significant value creation through site s
Slide 27: Sustainability initiatives
Environment Development Investment Environment Social Governance Sustainability initiatives Our approach Net Zero Natural disaster relief and recovery ESG leadership - Achieved 77% reduction in net Scope 1 and - >$1m invested to date with Red Cross and - Recognised as peer group leader across – Plat
Slide 28: Financial Results
Financial Results 5 Charter Hall Group 2025 Full Year Results 60 King Williams Street, Adelaide (CPOF) 28
Slide 29: Earnings summary
Financial Results Earnings summary ($m) FY24 FY25 Change % Property Investment (PI) EBITDA1 271.0 292.0 7.8% Development Investment (DI) EBITDA 36.4 40.6 11.5% Funds Management (FM) EBITDA 1,2 271.6 271.5 (0.0%) - PI EBITDA $292.0m generates growth of 7.8%: excludes co- Total Segment EBITDA 579.0 60
Slide 30: Funds management earnings
Financial Results Funds management earnings - Funds management revenue reduced by 4.2% due to lower ($m) FY24 FY25 Change % weighted average FUM, despite closing FY25 FUM exceeding pcp Funds management revenue1 294.7 282.2 (4.2%) - Transaction and performance Transaction and performance revenue 57.0
Slide 31: Balance sheet and return metrics
Financial Results Balance sheet ($m) 30 Jun 2024 30 Jun 2025 and return metrics Cash Property investment 383 2,553 287 2,695 Development investment 74 72 - Available cash of $287 million Receivables 100 90 Other assets1 196 255 - Strong balance sheet maintained with Intangibles 113 113 low gearing a
Slide 32: Platform debt proactively managed
Financial Results Platform debt proactively managed - $5.9bn of available liquidity plus Funds platform debt metrics1 30 Jun 2024 30 Jun 2025 committed and uncalled equity Total facility limits ($m) 30,054 30,487 - $13.1bn of new and refinanced debt facilities in FY25, representing 43% Total undrawn
Slide 33: Guidance
Guidance 6 Charter Hall Group 2025 Full Year Results Coles, MidWest Logistics Hub, Truganina (CPIF) 33
Slide 34: FY26 operating earnings guidance
Guidance FY26 operating earnings guidance Based on no material change in current market conditions, FY26 FY26 distribution per security guidance is for 6% growth over FY25, guidance for post-tax operating earnings per security of continuing 14 years of 6% DPS growth. approximately 90 cents, represen
Slide 35: Additional Information
Additional Information 7 Charter Hall Group 2025 Full Year Results Charter Hall Offices, 275 George Street, Brisbane (CPOF & CHWPT) 35
Slide 36: Management bench experience
Additional Information Management bench experience Charter Hall Executive Committee (EXCO) David Harrison Managing Director & Group CEO >35 years industry experience Sean McMahon Anastasia Clarke Avi Anger Carmel Hourigan Steven Bennett Natalie Devlin Richard Stacker Ben Ellis Chief Investment Chief
Slide 37: National expertise
Additional Information National expertise Property FUM by state1 Our local knowledge builds value and ensures success for both our tenants and investors Australia $0.1bn $11.4bn NT Property FUM $4.9bn QLD WA $ 66.8bn $2.9bn SA $28.1bn NSW & ACT Offices across Employees all major cities $17.0bn 5 ~60
Slide 38: Charter Hall investment strategies
Additional Information Charter Hall investment strategies Wholesale Listed Funds Direct Funds $63.3bn $12.4bn $8.6bn Pooled Partnerships Listed $14.0bn $6.6bn $17.2bn $5.5bn $3.7bn CPIF Industrial & Logistics PIM ASX:CLW Industrial & Logistics $8.8bn $10.8bn $4.8bn $3.4bn 1 CPOF Office ASX:CQR Offic
Slide 39: Charter Hall sector valuation movement – June 2025
Additional Information Charter Hall sector valuation movement – June 2025 Valuation movement Valuation movement Cap rate movement Cap rate movement June 2025 (6 months) (12 months) (6 months) (12 months) cap rate Industrial & Logistics 0.6% 1.3% 3 bps 11 bps 5.3% Office (0.6%) (4.0%) 8 bps 28 bps 6.
Slide 40: Recent valuation cycle
Additional Information Charter Hall sector LFL WACR over the last 5 years Recent valuation cycle 6.50% Cap rate movements 6.00% more than offset by valuation growth 5.50% - On average across all sectors, cap rates have risen over the last two years 5.00% by almost the same amount they fell during Ju
Slide 41: Sale and leaseback transactions (by tenant industry and partnerships)
Additional Information Sale and leaseback transactions (by tenant industry and partnerships) Transaction origination Our scale and cross sector capability creates Other Capital Goods 5% significant sale and Transportation 3% leaseback opportunities 4% Food & Staples Retailing 23% Retailing 9% $11bn1
Slide 42: Wholesale pooled funds and partnerships
Additional Information Wholesale pooled funds and partnerships FUM Gearing $ 46.1bn 37.4% Occupancy WALE 96.9% 7.7yrs Cap rate CHC investment 5.4% $ 1.7bn Charter Hall Group 2025 Full Year Results Bunnings, Oxenford (CCRF) 42
Slide 43: Wholesale investment performance (major funds)
Additional Information Wholesale investment performance (major funds) Relative to sector specific IPD/MSCI core wholesale indices 15.0% 13.3% 12.6% 10.1% 10.1% 10.1% 9.2% 6.1% 5.7% 5.7% 2.7% 2.7% CHOT CPOF CPIF CLP LWHP LWIP 10 years 10 years 10 years 10 years 10 years 10 years Office (% p.a) Conven
Slide 44: Listed REITs
Slide to be updated Additional Information Listed REITs ASX:CLW, CQR & CQE FUM Gearing $ 12.4bn 31.5% Occupancy WALE 99.2% 8.8yrs Cap rate CHC investment 5.5% $ 0.6bn Western Sydney University, 1 Parramatta Square, Parramatta (CQE & DOF) Charter Hall Group 2025 Full Year Results 44
Slide 45: Direct funds
Additional Information Direct property funds FUM Gearing $ 8.3bn 38.9% Occupancy WALE 98.9% 6.9yrs Cap rate CHC investment 6.1% $ 0.3bn Altona Logistics Centre, Altona (DIF4) Charter Hall Group 2025 Full Year Results 45
Slide 46: Direct funds investment performance (since inception)
Additional Information Direct funds1 investment performance (since inception) With +90% of funds outperforming the benchmark2 15% 14.3% 13.8% 13.0% 10% 9.5% 8.5% 6.8% 7.0% 6.2% 5.3% 5.3% 5.4% 5.5% 5% 4.0% 3.5% 3.6% 3.1% 2.9% 0.9% 0.9% - (0.7%) (2.5%) (3.7%) (5%) 3,4 3,4 3,4 4 DOF PFA CHOT2 DIF3 DIF4
Slide 47: CHPT Property Investment portfolio
Additional Information CHPT Property Investment portfolio Ownership Charter Hall Charter Hall PI WALE WACR WADR WARR stake1 Investment2 EBITDA Income (years) (%) (%) (%) (%) ($) ($m) Industrial & Logistics 3.8 622.3 50.7 7.4 5.2 6.7 2.9 Office 12.1 1,317.4 147.0 7.4 6.1 7.1 3.5 Convenience Shopping
Slide 48: Major fund performance review testing periods
Additional Information Major fund performance review testing periods Fund Testing frequency FY26 FY27 FY28 FY29 FY30 Charter Hall DVP Fund (DVP) 7 yearly plus individual asset divestments • Long WALE Hardware Partnership (LWHP) 4 yearly • Charter Hall Direct Industrial Fund No. 4 (DIF4) 5 yearly • C
Slide 49: Fund key and glossary
Additional Information Listed entities Wholesale funds ASX:CHC Charter Hall Group BPH Charter Hall Bunnings Holding Trust Fund key and glossary ASX:CLW ASX:CQE Charter Hall Long WALE REIT Charter Hall Social Infrastructure REIT BPP BSWF Charter Hall bp Partnership Brisbane Square Wholesale Fund ASX:
Slide 50: 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/chc IMPORTANT NOTICE & DISCLAIMER This presentation has been prepared by Charter Hall Funds Management