Kiwi Property Group Ltd. · NZX:KPG
Kiwi Property — Debt Investor Presentation (October 2026)
19 slides from Kiwi Property's debt investor presentation, Oct 20, 2026
Slide 1: KPG080 Green Bond Presentation
KPG080 Green Bond Presentation 20 October 2026
Slide 2: Important information
Important information This Presentation (Presentation) has been prepared by Kiwi Property Group Limited (Kiwi (a) accept any responsibility or liability whatsoever for any loss arising from this Presentation or its Property) in relation to the offer of fixed-rate senior secured green bonds (Green Bo
Slide 3: Kiwi Property overview
Kiwi » Property Kiwi Property overview
Slide 4: Retail-focused strategy
Retail-focused strategy Ambition to be New Zealand’s leading creator of retail-led destinations, delivering superior experiences and returns. Assets Capital Customer Capability We operate a high- We actively manage the We own and operate a We deliver compelling performing organisation balance sheet
Slide 5: Our investment portfolio
Our investment portfolio $3.0b 392,166 3.6 years 97.5% 37m Total property Square metres Weighted average Portfolio Annual customer portfolio1 net lettable area lease expiry (WALE2) occupancy visits Sylvia Park Sylvia Park Lifestyle Geneva House ANZ Raranga Sylvia Park precinct Sylvia Park precinct S
Slide 6: Trading update
Trading update Sales and foot traffic growth Leasing update • IKEA continues to drive strong foot traffic at Sylvia Park, • STACKS Supermarket and BBQ opened in Sylvia Park’s particularly on Level 1 northern precinct in July, attracting strong customer • Annualised portfolio pedestrian counts to 30
Slide 7: Focus on long-term value creation
Focus on long-term value creation Disciplined capital allocation Developing the future • Capital is prioritised towards earnings accretive, appropriately • Kiwi Property's Drury development comprises risk-adjusted opportunities aligned with our strategic objectives, ~53.4 hectares of gross land area
Slide 8: Our sustainability priorities
Our sustainability priorities Manage investments for Decarbonise and reduce Demonstrate resilience 2026 highlights sustainability performance our footprint • Climate risk mitigation • 6 star NABERSNZ shopping • Sustainable developments • Emissions reduction centre energy pilot rating for • Adaptatio
Slide 9: Current green asset portfolio
Current green asset portfolio Current combined green asset pool is $956m, representing 1.6x green asset bond cover1 Current green asset pool Geneva House ANZ Raranga Aurora Centre Vero Centre Resido Asset class: Office Office Office Office Build-to-rent Location: Auckland Auckland Wellington Aucklan
Slide 10: NABERSNZ Energy Rating for Shopping Centres
NABERSNZ Energy Rating for Shopping Centres Pilot rated shopping centres NABERSNZ Energy Rating for Shopping Centres • Historically, Kiwi Property's green asset portfolio consisted primarily of office assets, due to rating availability • In 2026, the New Zealand Green Building Council (NZGBC), with
Slide 11: Financial overview
Kiwi » Property Financial overview
Slide 12: Capital management – debt profile
Capital management – debt profile Bonds and banking profile Sep 2026 Mar 2026 Bank facilities $m $m Total bonds outstanding 400.0 400.0 • $200m of bank debt facilities were Bank facility drawn 655.0 816.0 cancelled following the divestment of ASB Total debt outstanding 1,055.0 1,216.0 North Wharf in
Slide 13: Capital management – cost of debt
Capital management – cost of debt Bond and bank facilities Sep 2026 Mar 2026 Weighted average interest rate of 5.00% Weighted average interest rate (inclusive of bonds, active interest rate derivatives, margins and line fees) 5.00% 4.81% • Bank refinance extended bank debt Fixed-rate profile (includ
Slide 14: Fixed-rate Green Bond offer
Fixed-rate Green Bond offer Arranger and Green Bond Co-ordinator and Joint Lead Manager: Joint Lead Manager: Joint Lead Managers: 14
Slide 15: Green Bond offer details
Green Bond offer details Up to $150m fixed-rate senior secured Green Bonds (with the ability to accept oversubscriptions of up to an additional $50m) 7 year term, maturing on 2 November 2033 Secured against $3.0b of property assets including $956m of current green assets1 15 1: Draft book values as
Slide 16: Green Bond offer details
Green Bond offer details Issuer: Kiwi Property Group Limited (Kiwi Property). Description: Fixed-rate senior secured green bonds (Green Bonds). Offer amount: Up to $150m (with the ability to accept oversubscriptions of up to an additional $50m at Kiwi Property’s discretion). Term and Maturity Date:
Slide 17: Green Bond offer details (continued)
Green Bond offer details (continued) Kiwi Property intends to notionally allocate an amount equal to the proceeds of the Offer to finance or refinance its direct and indirect investments in low Sustainable Debt carbon and energy efficient buildings that meet the eligibility criteria set out in the S
Slide 18: Key dates
Key dates Opening Date: 20 October 2026 Closing Date: 11:00am on 23 October 2026 Rate Set Date: 23 October 2026 Issue Date: 2 November 2026 Expected Date of Initial Quotation on NZX Debt Market: 3 November 2026 Maturity Date: 2 November 2033 18
Slide 19: Thank you
Thank you Thank you
Kiwi Property Group — Debt Investor Presentation (October 2026) on 6ix