#039;000 #039;000 Current assets For personal use only Cash and cash equivalents 18,775 22,361 Trade and other receivables 2,819 2,892 Non-current assets held for sale - 43,110 Other assets 2,574 1,649 GDI No.

Slide 7: Debt profile and interest rate hedging

Debt profile and interest rate hedging  As at 30 June 2019, drawn debt on the Principal Facility of $59.4 million  Board hedging policy gives management more flexibility around hedging, particularly when drawn debt is <$100.0 million  Undrawn debt of $75.6 million to fund working capital requirem

Slide 8: Treasury

7 Treasury Exchange Plaza Elizabeth Quay St Martins Tower Allendale Square BCG Centre 100 SGT 108 SGT 140 SGT Quadrant Brookfield Place 2 BHP Westralia Square Convention Centre Alluvion Mill Green Forrest Centre 225 SGT Old Woodside LINKING EQUITY TO PERFORMANCE Perth CBD QV1 (Chevron) New Woodside

Slide 9: Perth market

Perth market Forecast GDP growth and population growth, 2019 to 2028 Resources sector investment pipeline by state 2.0% For personal use only Queensland Western Australia 250 234.5 120% Victoria 1.6% 100%100% 200 New South Wales 90% 80% Population Growth 1.2% 75% 74% AUD Billions 150 71% 70% 60% 57%

Slide 10: Westralia Square

Westralia Square  Post balance sheet, signed two binding heads of Key metrics as at: Jun-19 Jun-18 agreement with Minister for Works to lease 14,522sqm of For personal use only the lower levels (1-5, 8,9 and 10) Independent valuation date Jun-19 Jun-18  12,689sqm to WAPOL for 5 years1 commencing 1

Slide 11: St Georges Terrace, Perth

197 St Georges Terrace, Perth  By taking a patient approach to leasing vacant space, Key metrics as at: Jun-19 Jun-18 achieving effective rents in excess of market and valuation For personal use only Independent valuation date Dec-18 Dec-17  All Chevron upper floors leased to Jacobs Group until FY

Slide 12: Mill Street, Perth

5 Mill Street, Perth  Occupancy decreased from 100% at June 2018 to <90% at Key metrics as at: Jun-19 Jun-18 30 June 2019 For personal use only Independent valuation date Dec-18 Dec-17  However, approximately half of this space has leased post year end and there is strong enquiry on the Independen

Slide 13: Mill Street, Perth

1 Mill Street, Perth  Not looking at any immediate long term leasing of 1 Mill Key metrics as at : Jun-19 Jun-18 Street, Perth given both the time of the cycle and its For personal use only redevelopment opportunities. Independent valuation date Dec-18 Dec-17  Continuing to work with Lendlease Dev

Slide 14: Cavill Avenue, Surfers Paradise

50 Cavill Avenue, Surfers Paradise  Capital expenditure program now complete Key metrics as at: Jun-19 Jun-18  Occupancy fell during the year from 97.59% at 30 June For personal use only Independent valuation date Dec-18 Dec-17 2018 to 94.35% at 30 June 2019, due largely to two tenants becoming in

Slide 15: Stanley Street, Townsville

235 Stanley Street, Townsville  Department of Human Services has signed a heads of Key metrics as at: Jun-19 Jun-18 agreement for a new six year lease commencing 1 For personal use only March 2020 for 4,644sqm, being its current lease Independent valuation date Jun-19 Jun-18 (2,322sqm) plus the are

Slide 16: Funds Management business

Funds Management business  Funds Management business FFO of $4.8 million  $2.2 million from distributions received from GDI No. 42 Office Trust For personal use only  $2.4 million of management fees  $0.3 million of transactional fees  Highlight was the sale of 223-237 Liverpool Road, Ashfield

Slide 17: Funds Management business

Funds Management business GDI No. 27 Total Return Fund GDI No. 38 Diversified Property Trust  Originally a three asset fund, now only owns 46  Originally a seven asset portfolio purchased from Mount St, Burnie UGL on a sale and leaseback basis with four of For personal use only  Underperforming f

Slide 18: Distribution policy

Distribution policy  GDI Property Group aims to deliver a consistent 12.0%p.a. total return, Distribution vs FFO vs AFFO measured both annually and on a three year rolling basis For personal use only  Total return is measured as NTA growth + distributions 60.0  In theory, the total return could b

Slide 19: Why GDI Property Group?

Why GDI Property Group? •Delivered an annualised total return since listing of 15.27% p.a. For personal use only Total return focused •This return has been largely crystallised and reinvested •Demonstrated restraint •Market capitalisation of +/- $800 million Size matters •Large enough to secure outs

Slide 20: Appendix

For personal use only APPENDIX 235 STANLEY LINKING STREET, EQUITY TOWNSVILLE TO PERFORMANCE 19

Slide 21: Profit or Loss

Profit or Loss GDI Trust 2019 2018 2019 2018 For personal use only #039;000 #039;000 #039;000 #039;000 Revenue from ordinary activities Property income 74,547 70,875 74,597 70,875 Funds management income 2,129 4,710 - - Interest revenue 204 436 194 402 Other income 928 - 928 - Total revenue from ordinary activi

Slide 22: NPAT to AFFO

NPAT to AFFO GDI For personal use only 2019 2018 #039;000 #039;000 Total comprehensive income for the year 85,070 75,761 Acquisition expenses and discontinued acquisition 7 11,802 Contribution resulting from consolidation of GDI No. 42 Office Trust (6,594) (6,972) Distributions / funds management fees rec

Slide 23: Property by property information

Property by property information FY20 FY19 FY18 FY 19 "As is" For personal use only $m $m $m $m Property Incentives AIRFS AIRFS Capex Maintenance and Lease FFO NPI1 FFO NPI1 FFO spent Capex spent costs 1 Mill Street (0.5) - - - 5 Mill Street 3.5 - 0.4 1.3 197 St Georges Terrace 15.9 - 2.8 2.8 Mill G

Slide 24: For personal use only

For personal use only LINKING EQUITY TO PERFORMANCE 23

GDI Property Group — FY2019 Earnings Presentation on 6ix

6ix — News, calls and decks from 54,000 public companies

News releases, calls, decks and charts for 54,000 public companies in one place, with 6ix AI and an email when your companies put out news. Free for investors.

Please enable JavaScript to use all features of 6ix.com.