Slide 1: February 2026
18 February 2026
Slide 2: Disclaimer
Disclaimer Important Information Servcorp Limited (ABN 97 089 222 506) (“Servcorp”) is the parent entity of the Servcorp Group and is responsible for all information contained in this presentation. Not an offer nor investment advice This presentation is not an offer or invitation for subscription or
Slide 3: Table of Contents
Table of Contents 2026 Global Segment Appendices Highlights Expansion Overview Business Financial Outlook & Update Results Dividend 3
Slide 4: Your Global Partner
Your Global Partner Since 1978 • Built for change with no fear The business environment continues to evolve amid heightened uncertainty. Servcorp has operated through multiple cycles of change over more than four decades, developing a platform designed to withstand volatility and support clients thr
Slide 5: Highlights
Slide 6: Underlying Results
Underlying Results Underlying Free Cash Underlying NPBIT on pcp on pcp Underlying Operating Underlying Operating Revenue Profit on pcp on pcp Underlying EPS DPS on pcp on pcp 6
Slide 7: Statutory Results
Statutory Results Statutory Revenue Statutory Operating Profit on pcp on pcp Statutory NPBT Statutory NPAT on pcp on pcp Free Cash Basic EPS on pcp on pcp 7
Slide 8: Business Updates
Slide 9: Scalable Business Model
Scalable Business Model • Strong foundations across the global platform Servcorp operates from an established and globally integrated platform across 135 floors in 38 cities and 19 countries. Core systems, standardised processes, and premium infrastructure are embedded across mature locations, suppo
Slide 10: IT Update
IT Update Proof of concept • Servcorp SmartOffice© Update Servcorp has continued to enhance its digital ecosystem with several key platform improvements. We have successfully rolled out a new global payment gateway to streamline transaction processing, integrate seamlessly within the SmartOffice env
Slide 11: Global Expansion
Slide 12: Growing Global Presence
Growing Global Presence • During 1H26, 3 new operations were opened or expanded in Australia, New Zealand and South East Asia. • 3 locations were closed in 1H26, including 1 in North Asia and 2 in Australia, New Zealand and South East Asia. Capital resources from closed floors were redeployed to mor
Slide 13: Improved Global Footprint
Improved Global Footprint Office Capacity 6,000 5,876 5,566 310 5,547 5,500 19 5,326 221 5,141 5,162 5,150 176 Offices 21 (12) 5,000 5,141 4,500 4,000 FY21 FY22 FY23 FY24 FY25 1H26 FY26 Forecast Net capacity added Net capacity reduction Forecast net capacity • In FY26, Servcorp continued expanding i
Slide 14: Portfolio Overview
Portfolio Overview ANZ & SEA Staggered North Asia Lease Expir y Europe & Middle East Profile Diversified USA Less than 1 year Client Base 1 to 3 years 3 to 5 years 5 to 10 years Over 10 years 14
Slide 15: Financial Results
Slide 16: Financial Performance 1H26
Financial Performance 1H26 Underlying Free Cash up Revenue Underlying NPBIT $12.2m on pcp 200.0 187.0 60.0 168.1 157.7 47.0 145.4 150.0 137.7 45.0 35.0 29.0 #039;mil #039;mil 100.0 30.0 22.6 13.6 50.0 15.0 - - 1H22 1H23 1H24 1H25 1H26 1H22 1H23 1H24 1H25 1H26 Return on Funds Employed ROFE 1H26, 104% FY25,
Slide 17: Revenue
Revenue Record Underlying Operating Revenue Underlying Operating Revenue on pcp Client +$ +$ Satisfaction GROWTH PRICING continues improving OFFICES + cOWORKING 17 * Underlying Operating Revenue refers to revenue generated by Mature floors from operating activities
Slide 18: Expenses
Expenses Continued investment in people and tech to drive long-term sustainable growth • Service expenses increased by $1.3m (3%), primarily due to higher salary costs from additional team members to support business growth, as well as remuneration adjustments in response to inflationary conditions,
Slide 19: Profitability
Profitability Underlying Operating Profit up 29%; Underlying NPBT up 34% Underlying NPBIT 50.0 $47.0 40.0 $35.0 $34.1 $29.0 $27.3 30.0 $26.0 $22.6 20.0 $17.4 $13.6 10.0 - 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 Underlying NPBIT Linear (Underlying NPBIT) • Strong Underlying NPBIT of $47.0m in 1H
Slide 20: Cash Flow
Cash Flow 1H26 1H25 Var Var #039;m #039;m #039;m % Net Operating Cash flow 90.1 91.7 (1.6) (2%) Add: Tax paid 8.3 2.6 5.7 214% Less: Lease liability Cash Rent for related period paid in related period 42.3 54.9 (12.6) (23%) Cash Rent timing differences 2.8 0.7 2.1 299% Free Cash 53.2 38.7 14.6 38% Add: Cash
Slide 21: Cash Flow
Cash Flow Includes expansion at three new operations & upcoming centres 250.0 Overall made up of profitability net rent improvement timing across all key differences & (49.9) FX 200.0 movements 106.0 (3.4) Total ($8.3) Dividend of 14.0 cps Unencumbered Total ($11.8) ($0.5) ($5.1) cash $162.6m ($0.0)
Slide 22: Balance Sheet
Balance Sheet Balance Sheet Dec-25 Jun-25 PP&E ROUA Total PP&E & ROUA #039;m #039;m #039;m #039;m #039;m Cash 143.5 131.5 Opening balance 97.1 318.5 415.6 Trade Receivables1 44.5 43.1 PP&E & ROUA 404.2 415.6 Addition2 11.2 48.2 59.4 Software & Intangible 2.6 2.7 Disposal3 (0.4) (0.0) (0.4) Goodwill 17.1 17.1 Depre
Slide 23: Segment Overview
Slide 24: Segment Overview
Segment Overview NORTH ASIA AUNZ & SOUTH EAST ASIA • Mature segment revenue increased to $45.6m.Segment profit improved to • Mature segment revenue increased to $39.3m, reflecting continued $7.0m. recovery despite competitive conditions. • Conditions in Greater China remained challenging; however, o
Slide 25: All Mature Operations
All Mature Operations Mature: Revenue, Segment Profit & Cash Earnings $200.0 • Consistent Performance from the Mature Portfolio $182.0 $164.5 The mature portfolio continued to operate in a controlled $150.0 manner, with revenue increasing to $182.0m in 1H26 from $164.5m in the prior period. • Earnin
Slide 26: ANZ & South East Asia
ANZ & South East Asia Mature: Revenue, Segment Profit & Cash Earnings $50.0 $37.7 $39.3 $40.0 $30.0 #039;m $20.0 $10.4 $11.1 $10.0 $7.7 $7.6 $0.0 1H25 1H26 Revenue Segment Profit Cash Earnings • Momentum Consolidating Across the Mature Operations Revenue increased from $37.7m to $39.3m, supported by st
Slide 27: North Asia
North Asia • Stable Growth Anchored by the Mature Portfolio North Asia recorded a stable performance during the period, supported by contribution from the mature operations. Mature segment revenue increased from $44.4m to $45.6m, reflecting steady demand across core markets. Segment profit increased
Slide 28: Europe & Middle East
Europe & Middle East Mature: Revenue, Segment Profit & Cash Earnings $150.0 $120.0 $90.0 $83.4 $70.3 #039;m $60.0 $27.6 $30.6 $30.0 $19.3 $21.7 $0.0 1H25 1H26 Revenue Segment Profit Cash Earnings • Revenue and Earnings Performance Europe & Middle East recorded higher performance during the period, with
Slide 29: USA
USA Mature: Revenue, Segment Profit & Cash Earnings $23.0 $18.0 $12.8 $13.0 $11.1 #039;m $8.0 $1.9 $2.7 $3.0 ($0.2) $0.6 ($2.0) 1H25 1H26 Revenue Segment Profit Cash Earnings • Improved Stability in Recent Performance Following an initial period of performance variability, results over the most recent
Slide 30: Outlook & Dividend
Slide 31: Dividend
Dividend Interim FY26 Dividend • Interim dividend payable of 16.0 cps, 10% franked, payable on 1 April 2026 • Total FY26 dividend expected to be no less than 32.0 cps (up 14%) Dividends paid/estimate (cents per share) 35.0 32.0 30.0 28.0 25.0 25.0 22.0 16.0 20.0 14.0 20.0 18.0 13.0 12.0 15.0 10.0 9.
Slide 32: Outlook & Guidance
Outlook & Guidance Strategic Priorities and Operational Focus Servcorp delivered continued operating momentum in the first half of FY26, supported by improved revenue efficiency and operating leverage across mature locations, disciplined cost management, and strong cash generation. This momentum is
Slide 33: Appendices
Slide 34: Revenue
Revenue #039;m 1H26 1H25 Var % Statutory Total Revenue 187.0 168.1 18.9 11% Add Revenue from JV operation 1.0 0.8 0.2 20% Less Other revenue and income** (1.9) (0.9) (1.0) 117% Operating Revenue 186.1 168.1 18.1 11% Less Pre-maturity revenue (4.1) (2.4) (1.7) 70% Post-closure revenue (0.0) (1.1) 1.1 (1
Slide 35: Profit
Profit 1H26 #039;m 1H25 #039;m Var #039;m Var % Statutory NPBT 45.1 38.3 6.9 18% Add Operating loss from pre-mature or post-closure floors 2.2 3.6 (1.4) (38%) Impairment losses, closure costs and other non-recurring costs (0.4) (6.8) 6.4 94% Underlying NPBIT 47.0 35.0 11.9 34% Less Interest & franchise incom
Slide 36: Profit
Profit Statutory Profit Underlying 1H26 1H25 Var Var 1H26 1H25 Var Var #039;m #039;m #039;m % #039;m #039;m #039;m % Revenue and other income 187.0 168.1 18.9 11% Statutory Revenue and other income 187.0 168.1 18.9 11% Total expenses (141.9) (129.9) (12.0) (9%) Revenue from JV 1.0 0.8 0.2 20% Net profit before tax 45
Slide 37: Segment
Segment Adj. Total Total Revenue Revenue from Total Revenue Adj. from status Revenue from Other Revenue from Other from Continuing new floors pre- Mature Revenue from Continuing changes since new floors pre- Mature Revenue adjustments Continuing adjustments Operations maturity Operations 1H25* matur
Slide 38: KPI Tracker
KPI Tracker 200.0 45.0 40.0 150.0 35.0 30.0 EPS (cents) 25.0 Statutory Underlying #039;m Underlying EPS 100.0 Revenue NPBIT 20.0 #039;m #039;m cents 15.0 1H22 137.7 13.6 11.6 50.0 10.0 1H23 145.4 22.6 20.0 1H24 157.7 29.0 26.0 5.0 1H25 168.1 35.0 33.1 - - 1H26 187.0 47.0 42.1 1H22 1H23 1H24 1H25 1H26 Statuto
Slide 39: Statutory vs. Underlying
Statutory vs. Underlying Statutory Revenue vs. Revenue from continuing operations and other income* Revenue 200.0 $187.0 Revenue from $0.8 Statutory Revenue continuing operations $168.1 & other income $157.7 160.0 (0.0) #039;m #039;m $145.4 $0.6 $137.7 $0.0 1H22 137.7 136.9 $0.8 1H23 145.4 145.4 120.0 1H2
Slide 40: Glossary
Glossary ANZ Australia and New Zealand Cash Earnings Is EBITDA minus Cash Rent paid Cash Rent Cash Rent is the amount paid to a landlord (or lessor) by Servcorp as a lessee under the terms of a signed lease agreement cps Cents per share DPS Dividend per share EME Europe & the Middle East EPS Earning