Charter Hall Social Infrastructure Reit · ASX:CQE
Charter Hall Social Infrastructure Reit — FY2025 Earnings Presentation
32 slides from Charter Hall Social Infrastructure Reit's earnings presentation, Aug 11, 2025
Slide 1: 2025 Full Year Results
Charter Hall Social Infrastructure REIT 2025 Full Year Results ASX:CQE
Slide 2: Agenda
Agenda Agenda 1. 2025 Full Year Highlights and Strategy 2. Financial Performance 3. Portfolio Update 4. Outlook and Guidance Acknowledgement of Country 5. Additional Information Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elde
Slide 3: 2025 Full Year Highlights and Strategy
2025 Full Year Highlights and Strategy 1 Clinipath Pathology, Osborne Park, WA 3
Slide 4: FY25 Highlights
2025 Full Year Highlights and Strategy FY25 Highlights EPU / DPU Acquisitions Market Rental Uplift 15.3 / 15.2cpu $144m 10.5% In line with upgraded FY25 DPU guidance Accretive acquisitions2 with average initial yield 69 market rent reviews completed of 6.7% NTA per Unit Divestments3 WALE $3.86 $151m
Slide 5: Acquisitions Overview
2025 Full Year Highlights and Strategy Acquisitions Overview Western Sydney University (WSU) campus, Parramatta – In July 2025, CQE increased its higher education exposure through the acquisition of a 22.5%1 interest in the university campus fully leased to Western Sydney University, located at 1 Pa
Slide 6: Acquisitions Overview
2025 Full Year Highlights and Strategy Acquisitions Overview Pathology Laboratory (Osborne Park, WA) – In January 2025, CQE acquired a specialised pathology laboratory in Osborne Park, Western Australia leased to Clinipath Pathology for $47.0 million on an initial yield of 6.4%1. Clinipath Pathology
Slide 7: Our Strategy
2025 Full Year Highlights and Strategy Our Strategy Providing investors with resilient income and capital growth from a social infrastructure property portfolio Enhancing income Targeting stable and ongoing Portfolio curation sustainability and resilience capital growth ‒ Building a diversified soci
Slide 8: A diversified social infrastructure property portfolio delivering essential community services
2025 Full Year Highlights and Strategy A diversified social infrastructure property portfolio delivering essential community services – Diversified social infrastructure portfolio (328 properties) with sector SI Sub-sector by % of income as at 30 June 20253 leading tenants providing essential servic
Slide 9: Financial Performance
Financial Performance 2 Busy Bees, Kensington, WA 9
Slide 10: Earnings Summary
Financial Performance Earnings Summary $m FY24 FY25 % change Net Property Income - LFL1 100.3 103.6 3.3% - Strong like-for-like net property income growth of 3.3% has been partially offset by net Net Property Income – Transactions 6.0 5.4 divestment activity Operating Expenses (13.5) (13.5) - - Incr
Slide 11: Balance Sheet
Financial Performance Balance Sheet $m 30 June 2024 30 June 2025 - In FY25, new acquisitions totalling $53.71 million Cash 11.6 20.0 were added to the portfolio including Clinipath Pathology Lab, Osborne Park, WA Investment Properties 1,970.5 1,930.7 - Divested $137.62 million of early learning Inve
Slide 12: Capital Management
Financial Performance Capital Management Key metrics as at 30 June 20252 - In July 2025, debt platform refinance was Debt summary Hedging summary completed resulting in: Facility Limit ($m) 850.0 Debt Hedged ($m) 410.0 - Introduction of $450 million Asian Term Loan facilities across five and six yea
Slide 13: Portfolio Update
Portfolio Update 3 TAFE, Robina, Qld 13
Slide 14: Properties delivering predictable and growing returns
Portfolio Update Properties delivering predictable and growing returns Tenant profile by % of income as at 30 June 20255 Property passing WALE (years) Occupancy Attractive yield Property 5.4% 11.6 100% 1,2 3 Fundamentals Geoscience Australia 8% G8 Education 7% Goodstart 29% Market rent WARR Market r
Slide 15: Portfolio WALE remains strong at 11.6 years
Portfolio Update Portfolio WALE remains strong at 11.6 years – Only 3.5% of lease income expiring within the next 5 years (only 1.9% without further options) – Typical notice periods of 3 – 5 years from expiry for early learning properties Lease expiry profile by % of annual rent: FY26 – FY45+ 16 WA
Slide 16: Strong rental growth potential with 28% of income subject to market rent reviews
Portfolio Update Strong rental growth potential with 28% of income subject to market rent CQE Annual Rent Review Schedule by Rental Income reviews in next 3 years 9% 9% 10% 21% 20% – 69 market rent reviews completed in FY25 achieving uplift of 23% 10.5% – 19 uncapped reviews achieving 17.7% uplift (
Slide 17: Sustainability initiatives
Portfolio Update Environment Social Governance Sustainability initiatives Achievements in FY25 Net Zero by 20251 Customer engagement ESG leadership Maintained Net Zero Scope 1 and Scope 2 Active tenant engagement with NPS of +43. Maintained Level A GRESB Public Disclosure emissions supported by our
Slide 18: Outlook and Guidance
Outlook and Guidance 4 Wise Medical, Robina, Qld 18
Slide 19: Outlook and Guidance
Outlook and Guidance Outlook and Guidance − Continue to execute on CQE’s strategy to actively manage the diversified social infrastructure property portfolio delivering essential community services − Positive industry and demographic fundamentals will continue to provide further opportunities in the
Slide 20: Additional Information
Additional Information 5 Only About Children, Hawthorn, Vic 20
Slide 21: Property investment portfolio
Additional Information Early learning property portfolio by location – Valuation and passing yields Property investment portfolio Early Learning Centres − Early learning centre portfolio comprises: − 319 properties1 with a total value of $1,622.5 million NT $8m / 5.1% − WALE: 12.5 years 2 properties
Slide 22: Property investment portfolio
Additional Information Property investment portfolio Long WALE Social Infrastructure REIT Valuation1 WALE3 Area3 Asset Tenant Suburb State Cap rate2 interest ($m) (years) (sqm) Healthcare Headquarters & Training Facilities Mater Misericordiae Newstead QLD 100.0% 116.3 5.8% 10.9 8,452 Geoscience Aust
Slide 23: Statutory Earnings Reconciliation
Additional Information Statutory Earnings Reconciliation FY24 FY25 ($m) ($m) Operating Earnings 59.5 57.0 Net fair value movements on investment properties (65.8) 28.8 Net movements on derivative financial instruments (12.4) (14.6) Loss on debt extinguishment (3.5) - Straight lining of rental income
Slide 24: CQE and joint venture summary - FY25
Additional Information CQE and joint venture summary - FY25 Investment in property joint ventures – operating earnings and balance sheet breakdown $m CQE CH BBD Trust LWR GSA PFA Westmead Total Ownership interest 100.0% 50.0% 25.0% 49.9% Properties Multiple Brisbane Bus Terminal Geoscience Australia
Slide 25: CQE and joint venture summary - FY24
Additional Information CQE and joint venture summary - FY24 Investment in property joint ventures – operating earnings and balance sheet breakdown $m CQE CH BBD Trust LWR GSA PFA Westmead Total Ownership interest 100.0% 50.0% 25.0% 49.9% Properties Multiple Brisbane Bus Terminal Geoscience Australia
Slide 26: Debt Summary
Additional Information As at 30 June 2025 Debt Summary Gearing ICR Debt summary ($m) Limit Drawn Maturity (covenant) (covenant) - Successful debt platform refinance in July 2025 Balance sheet debt with $900 million of debt facilities across CQE’s 32.9% 2.5x head trust Bilateral debt facilities 850.0
Slide 27: Social Infrastructure: Properties delivering essential community services
Additional Information Social Infrastructure: Properties delivering essential community services – Strong industry and demographic trends resulting in increasing demand and future growth opportunities for social infrastructure assets – Population is projected to grow by 15.5% or 4.2 million people f
Slide 28: Early Learning Property Transactions
Additional Information Early Learning Property Transactions - Total Australian early learning property transactions1 in FY25 Australian early learning property transactions and yields1 totalled $757 million (FY24: $565 million) with an average yield of 5.5% (FY24: 5.4%) highlighting the continued li
Slide 29: Early Learning Industry
Additional Information Early Learning Industry Childcare Subsidy – Federal Government Spending1 Government funding forecast to increase by 20% to $18.4 19.0 18.4 billion per annum1 in FY29 18.5 17.8 18.0 – Importance of sector remains crucial to Australia’s education system and 17.5 economic prosper
Slide 30: Key Statistics
Additional Information Key Statistics Financial & Capital Management Metrics FY21 FY22 FY23 FY24 FY25 NTA ($) 3.25 4.08 4.04 3.82 3.86 DPU (c) – Ordinary 15.7 17.2 17.2 16.0 15.2 DPU (c) – Special 4.0 - - - - Gearing (%) 24.5 29.8 32.2 33.0 30.5 Weighted Average Cost Of Debt (%) 2.8 3.2 4.3 5.1 5.01
Slide 31: Glossary
Additional Information Glossary ACECQA Australian Children’s Education and Care Quality Authority ASX Australian Securities Exchange Balance sheet gearing Calculated as the ratio of net drawn debt less cash to total tangible assets, less cash CPI Consumer Price Index CPU Cents per unit CQE Charter H
Slide 32: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/cqe IMPORTANT NOTICE & DISCLAIMER Charter Hall Social Infrastructure Limited ACN 111 338 937; AFSL 281
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