Finbar Group Limited · ASX:FRI
Finbar — Shareholder Meeting (October 2025)
27 slides from Finbar's shareholder meeting presentation, Oct 15, 2025
Slide 1: FY2025 Annual General Meeting
FY2025 ANNUAL GENERAL MEETING 15 October 2025 1
Slide 2: Proxy Votes Received
PROXY VOTES RECEIVED • Valid proxy forms were received from 131 shareholders representing 183,004,503 being 67.25% of total issued shares. • The proxy results for each resolution will be displayed for each agenda item. 2
Slide 3: Resolution 1 – Adoption of Remuneration Report
RESOLUTION 1 – ADOPTION OF REMUNERATION REPORT To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non- binding resolution: “That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption
Slide 4: Resolution 2 – Approval of Ex-Gratia Payment
RESOLUTION 2 – APPROVAL OF EX-GRATIA PAYMENT TO MR DARREN PATEMAN To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of section 200B and 200E of the Corporations Act and for all other purposes, Shareholders
Slide 5: Resolution 3 – Re-Election of Director – Mr Terence Peh
RESOLUTION 3 – RE-ELECTION OF DIRECTOR – MR TERENCE PEH To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purpose of clause 13.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Terence Peh
Slide 6: Resolution 4 – Re-Election of Director – Mr Eldon Wan
RESOLUTION 4 – RE-ELECTION OF DIRECTOR – MR ELDON WAN To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purpose of clause 13.2 of the Constitution, ASX Listing Rule 14.4 and for all other purposes, Mr Eldon Wan, a
Slide 7: FY2025 Results Summary
FY2025 RESULTS SUMMARY 7
Slide 8: About Finbar
ABOUT FINBAR • Finbar Group Limited, listed on the ASX since 1995, has established a remarkable 30-year track record as Western Australia’s leading apartment property developer. • With a 100% project delivery success rate, Finbar has completed 79 residential and mixed-use developments to date, compr
Slide 9: Our Business Model
OUR BUSINESS MODEL • Finbar carries out residential and mixed-use development projects through wholly owned entities, or through incorporated special purpose entities and joint ventures. • Through maintaining deep stakeholder engagement including with Finbar's relationship builder Hanssen Pty Ltd, C
Slide 10: Completed Projects | 7,407 Units
79 COMPLETED PROJECTS | 7,407 UNITS 10
Slide 11: Strategic Growth Summary
STRATEGIC GROWTH SUMMARY Delivering WA’s Housing Needs Focused Growth in Apartments WHERE WE BUILD – Elevating the standard of inner-city living • Prime, walkable, transit-connected precincts across metropolitan Perth • Designed to enhance lifestyle, community and accessibility HOW WE COMPETE – Trus
Slide 12: FY25 Operational Update Highlights
FY25 OPERATIONAL UPDATE HIGHLIGHTS • Business Divestments includes Sale of Finbar to Rent and Finbar Sales businesses for $2.55 million , finalised 30 June 2025, reflecting a re-focus on 12 core apartment development business
Slide 13: Market Outlook
MARKET OUTLOOK Current State of the Western Australian Residential Market – Key Trends & Insights Demand Drivers • Strong Migration: Continued interstate and overseas migration with annual net increase 11,675 and 41,395 respectively, equating to over 1,000 people per week 1 • Market Outperformance:
Slide 14: Market Outlook
MARKET OUTLOOK Capital cities by Value Segment – Quarterly change (3 months to August 2025) Perth recorded its strongest price growth year-on-year in the three months to August, driven by the middle 50% and lower 25% value segments of the market. 14 Cotality Monthly Housing Chart Pack September 2025
Slide 15: Market Outlook
MARKET OUTLOOK Supply and Policy Dynamics • Severe shortage of housing supply: established market listings remain extremely low, coupled with a structural under-supply of new homes • Perth sale listings: 45% below long-term average 1 • Value of construction work for non-detached housing (including a
Slide 16: Strategic Priorities
STRATEGIC PRIORITIES Driving Growth and Shareholder Value Creation SECURE GROWTH REFOCUS OPTIMISE VALUE FOCUS Acquire and activate prime sites Return to core business Maximise efficiency & capital Convert demand into sustainable management returns • Target inner-city, riverside & • Divested Finbar S
Slide 17: Total Sales & Average Sales Value Per Unit
TOTAL SALES & AVERAGE SALES VALUE PER UNIT $400 $1,200 Millions Thousands $1,010 $350 2025 to date $911 $1,000 $852 $300 $717 $800 $250 $614 $584 $556 $559 $200 $600 2025 To date $150 $400 2025 To date $100 $200 $50 $191 $111 $179 $271 $225 $173 $289 $334 $- $- 2018 2019 2020 2021 2022 2023 2024 202
Slide 18: Total Number of Sales Per Quarter
TOTAL NUMBER OF SALES PER QUARTER 300 $250m $227m 250 $200m 200 $150m 150 $100m 100 $61m $47m $50m 50 99 84 65 96 53 50 45 50 56 50 81 145 142 109 94 96 91 111 65 47 42 33 34 94 56 125 60 46 43 73 251 0 - Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4
Slide 19: Unsold Completed Residential Stock Value
UNSOLD COMPLETED RESIDENTIAL STOCK VALUE $250m $211m $200m $180m $175m $158m $156m $150m $143m $138m $137m $117m $114m $103m $97m $96m $100m $93m $88m $84m $80m $76m $68m $69m $58m $57m $53m $50m $50m $43m $37m $33m $30m $26m $19m $12m - Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qt
Slide 20: Current Total Presales Value
CURRENT TOTAL PRESALES VALUE $600m Launch $541m Launch $500m $485m $471m Launch $425m $416m $415m $397m $391m $400m Launch Launch $385m Launch $352m $327m Launch $310m $296m $300m $282m $270m Launch $241m $206m $204m $195m $199m $195m Launch $200m $167m $172m $154m $123m $114m $105m $101m $95m $100m
Slide 21: Investors Sales
INVESTORS SALES 80% 70% 68% 58% 60% 55% 53% 53% 53% 48% 50% 45% 45% 44% 44% No. Units 40% 36% 36% 36% 36% 34% 34% 34% 33% 32% 32% 30% 31% 30% 29% 29% 28% 30% 27% 26% 24% 20% 20% 10% % Proportion of Investors Sales 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 22: Loyalty Club Repeat Buyers
LOYALTY CLUB REPEAT BUYERS 80 25% 22% 2025 To date 70 19% 20% 60 15% 50 15% 15% 13% No. Units 12% 12% 2025 To date 40 2025 To date 9% 10% 30 20 5% 10 46 29 37 40 37 31 55 75 0 0% 2018 2019 2020 2021 2022 2023 2024 2025 Grand Total % Repeat buyer • 22% of Sales are Repeat Buyers 22 • 45% of Riverbank
Slide 23: Developments
DEVELOPMENTS Over 90% of apartments across completed projects sold PROJECTS COMPLETED 631 - Total Lots • 592 - Lots Sold • 39 - Lots Unsold Completed June 2024 Completed August 2024 Completed October 2024 16 LOTS 12 LOTS 11 LOTS UNSOLD UNSOLD UNSOLD $41M Value $13M Value $21M Value PROJECTS UNDER CO
Slide 24: Developments
DEVELOPMENTS Positioned for the Next Phase TO LAUNCH $96m 130 Lots Launch November 2025 Completion est mid-2027 $96M Value PIPELINE $654m Romeo Railway Parade, Lyall Street, Lot 888, Applecross West Leederville South Perth Rivervale Launch est H1 2026 Launch est mid 2026 Launch est H2 2026 Launch es
Slide 25: Five Year Development Pipeline
FIVE YEAR DEVELOPMENT PIPELINE 2025 and 2026 Deliverables: • Completion of Garden Towers • Completion of Bel-Air Apartments • Construction of Riverbank Residences commenced in October 2025 • Palmyra West launch in November 2025 and construction commencement in February 2026 • Romeo Applecross launch
Slide 26: Group Outlook
GROUP OUTLOOK MARKET CONTEXT - WA Key Projects and high housing demand underpinned by supply shortage • Demand drivers: population growth, tight rental market, rising urban living needs • Supply constraints: apartment market highly inelastic, persistent housing delivery shortfall; limited new stock
Slide 27: Important Notice
Important Notice Future performance and forward looking statements This announcement contains certain forward looking statements with respect to the financial condition, results of operations, projects and business of Finbar and certain plans and objectives of Finbar. Forward looking statements can