Slide 1: Annual Results FY25 Investor Presentation
1. Business Update ANNUAL RESULTS FY25 27 August 2025 INVESTOR PRESENTATION
Slide 2: Presenting Today
Presenting Today Chris Meehan Chief Executive Officer Jean McMahon Chief Financial Officer Northlake, Wānaka 2
Slide 3: Business Update, Financial Overview, ESG Highlights, Market and Outlook
1. Business Update 2. Financial Overview 3. ESG Highlights 4. Market and Outlook Jimmy’s Point, Launch Bay Hobsonville Point 3
Slide 4: Business Update
Ayrburn, Arrowtown BUSINESS UPDATE
Slide 5: Key Highlights
Key Highlights For the 12 months ending 30 June 2025 (FY25): $155.4m 266 494 $248.0m ² Revenue Units delivered and settled Total of gross pre-sales secured shareholders $59.5m 38.3% 262 877 Retirement living units yield Gross profit Gross profit margin Employees ACROSS 5 LOCATIONS $10.3m 6.6% 12 78%
Slide 6: Business Highlights
Business Highlights Longstanding pre-sale strategy continued to deliver in a continued difficult property market and very challenging economic conditions with 266 units settled. Pre-sale book continues to protect future revenues - $248.0m at 30 June 2025. Completed Stage One of Northbrook Wāna
Slide 7: Significant landbank pipeline
Significant landbank pipeline Pipeline of c5,750 units remain to be delivered in future years. 5,750+ 1,200 1,000 800 600 553 565 449 400 345 266 247 186 171 200 76 - Prior FY18A FY19A FY20A FY21A FY22A FY23A FY24A FY25A FY25F+ Settlements include completed communities (Longreach – 163, Lakes Edge –
Slide 8: Continued Momentum
RESIDENTIAL Continued Momentum Settlements by product type FY25 settlements across the residential portfolio. Neighbourhood Units settled Units settled Movement FY25 FY24 9% Residential Lots Lakeside 183 209 (26) 8% Apartments Beaches 1 29 (28) FY25 North Ridge - 17 (17) settlements Commercial by pr
Slide 9: Fast-track Approvals
Fast-track Approvals Sunfield and Ayrburn Screen Hub progressing through the approval process of Fast-track Approvals Act 2024. Sunfield, Auckland • The Sunfield project has been accepted as a project under the Fast-track Approvals Act 2024, a panel appointed, and an outcome is anticipated around th
Slide 10: Residential development FY25
RESIDENTIAL Residential development FY25 Winton’s longstanding pre-sale strategy continues to deliver, FY25 revenue $130.3 million. Lakeside Te Kauwhata • The remaining 151 land lots within Stage 3 settled in FY25, along with the first 32 land lots in Stage 4. • Works are continuing in the balance o
Slide 11: Northbrook Wānaka Stage One Complete
RETIREMENT Northbrook Wānaka Stage One Complete Northbrook’s first residents move into Northbrook Wānaka. • Northbrook Wānaka Stage One was completed in May 2025, with the first residents moving in and starting their Northbrook lifestyle. • Stage One consists of 18 3-bedroom residences and 14 2-bedr
Slide 12: Progress at Northbrook Arrowtown
RETIREMENT Progress at Northbrook Arrowtown Using the timing of the property cycle to our advantage. • High volumes of visitors to the Display Suite has continued. We are working on improving the quality of leads. • Excavation works have continued in prepartion for construction of the first building
Slide 13: Commercial: Cracker Bay
COMMERCIAL Cracker Bay waterfront office space is nearing completion, attracting like-minded tenants with a connection to the water. • The renovation and refurbishment of the Cracker Bay office building is almost complete, offering premium waterfront facilities for tenants across four levels. Leasin
Slide 14: Commercial: Ayrburn
COMMERCIAL Ayrburn’s first trading year was marked by significant milestones and hundreds of thousands of people experiencing the unique destination firsthand. • Ayrburn will attract over a million visitors this year and is on track to be the most popular and most visited attraction in the region. •
Slide 15: Commercial: Billy's
COMMERCIAL • The vision for Billy’s was to maintain the original look on the exterior while transforming the interior to another world, a celebration of old and new. • Adjoining the original homestead is The Conservatory, an ultimate immersive outdoor dining experience, yet in the warmth of the over
Slide 16: Financial Overview
Northbrook, Wānaka FINANCIAL OVERVIEW
Slide 17: FY25 Financial Performance
FY25 Financial Performance We have continued to deliver pre-sold properties, complete new projects, and diversify our revenue streams. Financial Performance Statement of Financial Performance FY25 FY24 NZ$m (unless indicated otherwise) Year Ended Year Ended Movement 30-Jun-25 30-Jun-24 • Winton has
Slide 18: FY25 Financial Position
FY25 Financial Position Winton has historically operated with a conservative level of debt in its capital structure. Financial Position Statement of Financial Position FY25 FY24 NZ$m (unless indicated otherwise) As at As at Movement 30-Jun-25 30-Jun-24 • Cash balances remain strong at $20.3 million.
Slide 19: FY25 Statement of Cash Flows
FY25 Statement of Cash Flows Winton maintains a strong cash position. Cashflows Statement of Cashflows FY25 FY24 Year Ended Year Ended NZ$m (unless indicated otherwise) Movement 30-Jun-25 30-Jun-24 • Net operating cashflows have increased by $28.0 million due to the commencement of the sale of occup
Slide 20: ESG Highlights
Ayrburn, Arrowtown ESG HIGHLIGHTS
Slide 21: ESG Highlights FY25
ESG Highlights FY25 1 Completed and disclosed second year of Climate-Related Disclosures. Completed fourth year of GHG reporting with reasonable assurance for 2 Scope 1 and Scope 2 emissions and limited assurance for Scope 3 emissions. Improved data quality of GHG emissions inventory, including the
Slide 22: Market and Outlook
Northbrook Wanaka, Northlake MARKET AND OUTLOOK
Slide 23: Market and Outlook
Market and Outlook The property market has remained subdued in many parts of New Zealand, particularly Auckland, and the economy has continued to struggle. Building Consents Remain Subdued Net migration at record lows (excluding COVID) 5,400 Building consents issued¹ Annual Net Migration below long
Slide 24: Market and Outlook
Market and Outlook Unemployment continues to increase, and we maintain our view that the residential property market is unlikely to substantially turn around until after unemployment has peaked. Unemployment Continues to Increase, 5.2 as at June 2025 Unemployment Rate, Sep 2010 - June 2025 (quarterl
Slide 25: Market and Outlook
Market and Outlook Winton is navigating the recession as well as possible and positioning the Company optimally to benefit from an improving property cycle. • Unemployment continues to increase, net migration is at the lowest it has been in over 10 years and ready-made concrete volumes are below the
Slide 26: Questions
Ayrburn Lakes and Ayrburn Homestead (Billy’s) QUESTIONS
Slide 27: Winton Best By Design
WINTON BEST BY DESIGN
Slide 28: Important Notice and Disclaimer
DISCLAIMER Important Notice and Disclaimer This disclaimer applies to this document and the accompanying material (“Document”) or any information contained in it. The information included in this Document should be read in conjunction with the audited consolidated financial statements for the year e
Slide 29: Senior Management Team
APPENDIX 1 Senior Management Team Chris Meehan Jean McMahon Simon Ash Justine Hollows Duncan Elley Chief Executive Officer Chief Financial Officer Chief Operating Officer General Manager, General Manager, Corporate Services Project Delivery 29