Property For Industry Limited · NZX:PFI
Property For Industry — Shareholder Meeting (October 2026)
24 slides from Property For Industry's shareholder meeting presentation, Oct 20, 2026
Slide 1: Welcome to the FY26 Annual Meeting
FY26 ANNUAL MEETING WELCOME TO THE FY26 ANNUAL MEETING .
Slide 2: Agenda
FY26 ANNUAL MEETING 1. BOARD PRESENTATION AGENDA 2. MANAGEMENT TEAM PRESENTATION 3. SHAREHOLDER DISCUSSION 4. ORDINARY RESOLUTIONS 5. GENERAL BUSINESS
Slide 3: Board Presentation
FY26 ANNUAL MEETING BOARD PRESENTATION 01 .
Slide 4: Introductions
FY26 ANNUAL MEETING INTRODUCTIONS . Dean Bracewell Simon Woodhams David Thomson Jeremy Simpson Board Chair, Independent Director Chief Executive Officer Independent Director Independent Director Murray Jordan Angela Bull Carolyn Steele Craig Peirce Independent Director Independent Director Independe
Slide 5: Chair's Address: Looking Back - Dividends
FY26 ANNUAL MEETING CHAIR’S ADDRESS . LOOKING BACK DIVIDENDS SINCE INCEPTION 9.5 cps 10 CPS FY26 CASH DIVIDENDS 10.5 % FY26 DIVIDEND GROWTH 5 CPS DPS (cps) 1994 FY26 5
Slide 6: Chair's Address: Total Returns Since Inception
FY26 ANNUAL MEETING CHAIR’S ADDRESS . LOOKING BACK 1 TOTAL RETURNS SINCE INCEPTION ~ 10.22 % $180,000 $161,906 FY26 TOTAL RETURN TWELVE MONTHS TO 30 JUNE 2026 1 ~ 9.24 % AVERAGE ANNUAL TOTAL RETURN SINCE INCEPTION TO 30 JUNE 2026 $10,000 1994 202 6 1. Source: Forsyth Barr analysis, IRESS 6
Slide 7: Chair's Address: Looking Forward
FY26 ANNUAL MEETING CHAIR’S ADDRESS . LOOKING FORWARD ~ 2.6 – 3.7 % EXPECTED FY27 DIVIDEND GROWTH 1 FUNDAMENTALS Occupancy levels Balance sheet Development remain high is strong pipeline provides opportunities FY27 FOCUS Tenant Maintaining Disciplined capital relationships portfolio quality allocati
Slide 8: Management Team Presentation
FY26 ANNUAL MEETING MANAGEMENT TEAM PRESENTATION 02 .
Slide 9: Results Highlights
FY26 ANNUAL MEETING RESULTS HIGHLIGHTS PROFIT AFTER TAX NET RENTAL INCOME $ 77.7 m $ 123 .2 m (▼$28.3m on FY25 ) (▲14.1% on FY25) PORTFOLIO VALUE CONTRACT RENT REVIEWED $ 2 .30 b $ 92 m (▲7.2% increase on previous contract rents) AFFO EARNINGS CASH DIVIDENDS PAID 10.93 cps (▲14.0% on FY25) 9 .50 cps
Slide 10: Portfolio Snapshot
FY26 ANNUAL MEETING PORTFOLIO SNAPSHOT 78 SPRINGS ROAD – STAGE 2 94 124 $ 121.0 m 98 .7 % 5 .04 years PROPERTIES TENANTS CONTRACT RENT OCCUPANCY WALT ▲ June 2025: 91 ▼ June 2025: 126 ▲ June 2025: $112.3m ▼ June 2025: 99.9% ▼ June 2025: 5.47 years 10
Slide 11: Sustainability
FY26 ANNUAL MEETING SUSTAINABILITY TARGETS: GREEN STAR Significant new buildings to target minimum 5 Green 100 % ON TRACK Star certification SOLAR POWER Achieve 1.4MW of solar capacity by the end of 793 .7 kW INSTALLED FY27 20 % OF PORTFOLIO LED LIGHTING 80% of PFI’s tenancies to 72 % GREEN STAR RAT
Slide 12: Capital Management
FY26 ANNUAL MEETING CAPITAL MANAGEMENT RETAIL BOND OFFER $ 200 m SYNDICATED BANK FACILITIES REFINANCED* $ 600 m *post balance date GEARING 34.2 % TOTARA CREEK ESTATE – STAGE 1 (OCTOBER 2026) 12
Slide 13: Development
FY26 ANNUAL MEETING DEVELOPMENT COMPLETED OVERVIEW 30 – 32 BOWDEN ROAD STAGE 1 - 78 SPRINGS ROAD STAGE 2 - 78 SPRINGS ROAD Architect Render UPCOMING IN PROGRESS STAGE 1 - TOTARA CREEK ESTATE STAGE 1 - 92 – 98 HARRIS ROAD (OCTOBER 2026) 13
Slide 14: Post Balance Date Update
FY26 ANNUAL MEETING POST BA LANCE DATE UPDATE 8.0% ▪ At the end of FY26, $9.5m or 7.8% of contract rent was due to expire in FY27 (excluding development opportunities) 7.0% ▪ Leasing momentum during Q1 FY27 has seen ~45% of FY27 expiries either secured (1.1% of 6.0% total contract rent) or in active
Slide 15: Looking Ahead
FY26 ANNUAL MEETING LOOKING AHEAD 9 .75 - 9 .85 cps FY27 DIVIDEND GUIDANCE 1 High - quality Long - term tenant Disciplined capital Focused on creating industrial portfolio relationships management sustainable value TOTARA CREEK ESTATE – STAGE 1 (OCTOBER 2026) 1. Subject to events beyond PFI’s contro
Slide 16: Shareholder Discussion
FY26 ANNUAL MEETING SHAREHOLDER DISCUSSION 03 .
Slide 17: Ordinary Resolutions
FY26 ANNUAL MEETING ORDINARY RESOLUTIONS 04 .
Slide 18: Ordinary Resolutions: Resolution 01
FY26 ANNUAL MEETING ORDINARY RESOLUTIONS RESOLUTION 01. That David Thomson, who retires and is eligible for election, be elected as a Director of the Company. 18
Slide 19: Ordinary Resolutions: Resolution 02
FY26 ANNUAL MEETING ORDINARY RESOLUTIONS RESOLUTION 02. That Jeremy Simpson, who retires and is eligible for election, be elected as a Director of the Company. 19
Slide 20: Ordinary Resolutions: Resolution 03
FY26 ANNUAL MEETING ORDINARY RESOLUTIONS RESOLUTION 03. That Murray Jordan (appointed by the Board as a Director with effect from 1 April 2026), who retires and is eligible for election, be elected as a Director of the Company. 20
Slide 21: Ordinary Resolutions: Resolution 04
FY26 ANNUAL MEETING ORDINARY RESOLUTIONS RESOLUTION 04. That the Directors are authorised to fix the fees and expenses of the auditors, PricewaterhouseCoopers. 21
Slide 22: General Business
FY26 ANNUAL MEETING GENERAL BUSINESS 05 .
Slide 23: Thank You for Attending
THANK YOU FOR ATTENDING FY26 ANNUAL MEETING 23
Slide 24: Disclaimer
FY26 ANNUAL MEETING DISCLAIMER The information included in this presentation is provided as at 20 October 2026. Property for Industry Limited (PFI) does not guarantee the repayment of capital or the performance referred to in this presentation. Past performance is not a reliable indicator of future
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