Dexus · ASX:DXS
Dexus — Shareholder Meeting (October 2026)
38 slides from Dexus's shareholder meeting presentation, Oct 28, 2026
Slide 1: 2026 AGM Chair and Group CEO address (ASX release)
Dexus (ASX: DXS) ASX release For personal use only 28 October 2026 2026 AGM Chair and Group CEO address Dexus provides its Chair and Group CEO address and presentation for the Dexus Annual General Meeting (AGM) which is being held today at 2.00pm (AEDT). The meeting will be webcast and can be viewed
Slide 2: Chair's address
Chair’s address Good afternoon, I’m Warwick Negus, Chair of the Board of Directors of Dexus Funds Management Limited. For personal use only On behalf of the Dexus Board, welcome to our AGM. It’s great to see some of you in person again. Before we start the meeting, can I ask our audience in the room
Slide 3: Chair's address (continued)
In our own investment portfolio, we improved occupancy, income and returns from the assets we already own. We continue to focus on meeting the needs of our fund clients, delivering performance in those strategies For personal use only and ensuring we bring new opportunities that create long term val
Slide 4: Chair's address (continued)
The Board has also sought and received additional safeguards from KPMG, and as a result KPMG has agreed to implement specific controls over Dexus's confidential information. The Board has considered the disruption that would be caused by further changes in audit firms and audit For personal use only
Slide 5: Group CEO address
Industrial performance remained strong, with over 113,000 square metres of leasing, occupancy of 94.0% and releasing spreads of around 36%. The portfolio remains 8.1% under-rented, supporting future income growth on upcoming lease expiries. For personal use only In the funds business, the September
Slide 6: Group CEO address (continued)
As a management team and a board, we have rigorously explored a range of options to unlock value in the business, including exploring alternative structures for our balance sheet assets and funds management business. For personal use only We expect to introduce third party capital on both an asset a
Slide 7: Annual General Meeting
Annual General Meeting 2026 28 October 2026 rsonal use only Dexus Funds Management Limited | ABN 24 060 920 783 AFSL 238163 as responsible entity for Dexus.
Slide 8: Welcome to the AGM
Welcome to the Dexus 2026 Annual General Meeting rsonal use only Warwick Negus AM Chair 2 Dexus 2026 Annual General Meeting
Slide 9: Acknowledgement of Country
Acknowledgement of Country rsonal use only Dexus acknowledges the Traditional Custodians of the Lands on which our business and assets operate, and recognises their ongoing contribution to Land, waters and community. We pay our respects to First Nations Elders past and present. Artist: Amy Allerton,
Slide 10: Hybrid AGM
Hybrid AGM MUFG Corporate Markets (AU) Limited online platform rsonal use only Online Meeting HELP NUMBER 1800 990 363 Ask a Question Get Voting Card Exit Meeting POWERED BY MUFG CORPORATE MARKETS 50 Bridge Street, Sydney NSW 4 Dexus 2026 Annual General Meeting
Slide 11: Dexus Board of Directors
Dexus Board of Directors rsonal use only Warwick Negus Ross Du Vernet Varya Davidson Mark Ford Chair Executive Director & Group CEO Independent Director Independent Director Jonathan Gidney Peeyush Gupta AM Rhoda Harrington Elana Rubin AM Independent Director Independent Director Independent Directo
Slide 12: Agenda
Agenda 01 02 03 Chair address Group CEO address Formal business Warwick Negus AM Ross Du Vernet Warwick Negus AM Chair, Dexus Funds Group CEO & Chair, Dexus Funds Management Limited Managing Director Management Limited rsonal use only One Farrer Place, Sydney NSW 6 Dexus 2026 Annual General Meeting
Slide 13: Chair address
01 Chair address rsonal use only 25 Martin Place, Sydney NSW 7 Dexus 2026 Annual General Meeting
Slide 14: Dexus today
Dexus today A leading Australasian fully integrated real asset group Multi-disciplined team with expertise across the real asset spectrum rsonal use only Dexus total FUM: $51.4b Investment portfolio: $15.3b Third-party FUM: $36.1b Office Industrial Retail Alternatives Third-party FUM $20.2b $10.6b $
Slide 15: Key takeaways
Key takeaways rsonal use only Delivered guidance Strong Addressing foundations & progressed headwinds Focus on value creation strategic actions Short-term focus on closing the gap between security price and FY26 earnings and underlying value, including through High-quality assets, distribution in li
Slide 16: FY26 highlights
FY26 highlights Results in line with expectations, progress against strategic action items rsonal use only Dexus Funds $483.9m AFFO c. $1.9b Dexus Delivering performance Fund specific actions divestments4 DWPF continued to outperform its Established DSIT1 37.0 Distribution (cps) benchmark over all t
Slide 17: Investment portfolio of scale and quality
Investment portfolio of scale and quality Portfolio quality enhanced while maintaining balance sheet strength rsonal use only Portfolio composition by sector and quality Capital recycling enhancing portfolio quality FY19 FY26 Grosvenor Place, Sydney Axxess Corporate Park, 8 Nicholson Street, East 44
Slide 18: APAC update
APAC update Investment proposition Considered and decisive response with direct action taken rsonal use only Context Action taken › Dexus manages infrastructure funds and mandates that transitioned via the 2023 AMP Capital transaction Funded Dexus Bloc investors’ legal action and representing $7.3b
Slide 19: Summary and outlook
33 Alfred Street, Quay Quarter Tower, 25 Martin Place, Sydney NSW and 1 Farrer Place, Sydney NSW Summary and outlook A leading real asset manager with high-quality investments rsonal use only Delivered guidance and progressed work to position Dexus for long term resilience and growth, while navigati
Slide 20: Group CEO address
02 Group CEO address rsonal use only Retail at Quay Quarter Tower, 50 Bridge Street, Sydney NSW 33 Alfred Street, Sydney NSW 14 Dexus 2026 Annual General Meeting
Slide 21: FY26 strategic action items
FY26 strategic action items FY26 progress on delivering key priorities announced at FY25 result Identified action items FY26 progress rsonal use only Transactions and developments continue to enhance the portfolio. Atlassian Central Further enhance quality and resilience of Investment remains on t
Slide 22: September 2026 quarter update
September 2026 quarter update Continued strength in operational and flagship fund performance rsonal use only Dexus1 Funds Dexus office portfolio Dexus industrial portfolio › Flagship funds DWPF and DWSF continue to outperform their benchmark across all reported time periods, delivering one year ret
Slide 23: Development pipeline
Atlassian Central, Sydney NSW Development pipeline Enhancing portfolio quality Office developments rsonal use only › Two city-shaping developments underway with Tier 1 contractors. These developments will become next generation assets and enhance portfolio quality for Dexus and its capital partners
Slide 24: Refreshed strategic priority areas
Refreshed strategic priority areas Focused objectives to support sustainable growth and long-term value creation Objective Targeted actions rsonal use only › Complete Atlassian Central on time and budget, and partially sell down Dexus’s interest Transition Transition to a more diversified, balance c
Slide 25: Closing the valuation gap: Transitioning the balance sheet
Closing the valuation gap: Transitioning the balance sheet rsonal use only Investment portfolio By holding type Redeployment opportunities $15.3b1 Co-investments Governed by capital allocation framework Alignment $2.4bn interests Debt paydown Significant capital › Preserves capital strength and may
Slide 26: Closing the valuation gap: Strategic review of infrastructure funds
Closing the valuation gap: Strategic review of infrastructure funds Investment proposition Well progressed with recommendations and next steps rsonal use only Coordinated process with client input Recommended fund pathways Refocused Dexus business Appointed financial advisor to 3rd party Dexus under
Slide 27: Questions
Questions rsonal use only Laneway, 80 Collins Street, Melbourne VIC 33 Alfred Street, Sydney NSW 21 Dexus 2026 Annual General Meeting
Slide 28: Formal business
03 Formal business rsonal use only Horizon 3023, Ravenhall VIC 33 Alfred Street, Sydney NSW 22 Dexus 2026 Annual General Meeting
Slide 29: Resolution: Adoption of the Remuneration Report
Resolution 1 Adoption of the Remuneration Report rsonal use only To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the Remuneration Report for the financial year ended 30 June 2026 be adopted.” Resolution For Open Against 1. Adoption of the Remuneration Re
Slide 30: Resolution: FY27 LTI Performance Rights to the Group CEO
Resolution 2 FY27 grant of long-term incentive Performance Rights to the Group rsonal use only Chief Executive Officer To consider and if thought fit pass the following Resolution as an ordinary resolution: “That approval is given for all purposes for: a) The granting of Performance Rights with an a
Slide 31: Resolution 3.1: Approval of Independent Director Varya Davidson
Resolution 3.1 Approval of an Independent Director – Varya Davidson rsonal use only To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the initial appointment of Varya Davidson as a Director of Dexus Funds Management Limited be approved (by ratification).”
Slide 32: Varya Davidson
Varya Davidson rsonal use only Appointed to the Board on 1 February 2026, Varya is a member of the Board Nomination & Governance Committee, Board People & Remuneration Committee and Board Sustainability Committee. Varya is a non-executive director of APA Group (ASX: APA) and a member of their Safety
Slide 33: Resolution 3.2: Approval of Independent Director Jonathan Gidney
Resolution 3.2 Approval of an Independent Director – Jonathan Gidney rsonal use only To consider and if thought fit pass the following Resolution as an ordinary resolution: “That the initial appointment of Jonathan Gidney as a Director of Dexus Funds Management Limited be approved (by ratification).
Slide 34: Jonathan Gidney
Jonathan Gidney rsonal use only Appointed to the Board on 17 December 2025, Jon is a member of the Board Audit Committee, Board Nomination & Governance Committee and Board People & Remuneration Committee. Jon is a non-executive director of Megaport Limited (ASX: MP1), Cettire Limited (ASX: CTT), Non
Slide 35: Questions
Questions rsonal use only Artist impression: Waterfront Brisbane QLD 33 Alfred Street, Sydney NSW 29 Dexus 2026 Annual General Meeting
Slide 36: Thank you for attending
Thank you for attending rsonal use only 33 Alfred Street, Sydney NSW 30 Dexus 2026 Annual General Meeting
Slide 37: Disclaimer
Disclaimer Dexus Funds Management Limited (ACN 060 920 783, AFSL 238163) ("Responsible Entity") is the responsible entity of Dexus (ASX code: DXS) (“Dexus” or “Fund”) and issuer of stapled securities in the Fund. The Fund comprises two registered schemes, Dexus Property Trust (ARSN 648 526 470) and
Slide 38: Dexus
dexus Ajuo asn jeuosia