CHARTER HALL GROUP — AGM Information 2021

Nov 10, 2021

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Charter Hall Group 2021 Annual General Meeting

11 November 2021

Charter Hall Group 2021 Annual General Meeting

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Acknowledgment of Country

Charter Hall is proud to work with our customers and communities to invest in, develop, and create property assets on land across Australia and New Zealand.

We pay our respects to the traditional owners, their elders past and present and value their care and custodianship of these lands.

Unearthed Purposes This piece depicts our Earth and what it provides tous.

Casey Coolwell @chaboodesigns

Charter Hall Group 2021 Annual General Meeting

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Agenda

1. Chair’s Address: David Clarke

2. Managing Director’s Address: David Harrison 3. Formal Business 4. Questions

David Clarke David Harrison Chair Managing Director & Group CEO

Cover image: MidWest Logistics Hub, Truganina

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Chair’s 1 Address

2 Chifley Square, Sydney

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Charter Hall GroupCharter Hall Gr oupup
2021 Annual General Meeting2021 Full Year ResultsAnnual General Meeting
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Chair’s Address

Board of Directors

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David Clarke Chair

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David Ross Non-Executive Director

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Jacqueline Chow Non-Executive Director

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Karen Moses Non-Executive Director

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Greg Paramor AO Non-Executive Director

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Philip Garling Non-Executive Director

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David Harrison Managing Director & Group CEO

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Chair’s Address

David Clarke Chair

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Chair’s Address

Charter Hall performance Outperformance relative to AREIT Index

Total Shareholder Return to Jun-21 vs S&P/ASX 200 Property Accumulation Index (XPJAI) (Compound Annual Growth Rate)

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64.1% p.a. CHC XPJAI
37.9% p.a.
33.2% p.a.
30.3% p.a.
28.2% p.a.
18.2% p.a.
11.8% p.a.
7.7% p.a.
5.8% p.a.
4.8% p.a.
1
1 Year 3 Years 5 Years 10 Years Since IPO
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1. IPO July 2005 Source: UBS

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Chair’s Address

ESG is a strong focus across the Charter Hall platform We deliver in partnership with tenant customers and investors

Environment:

Climateresilience

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2020 PRI 41MW 100%

LeadersGroup Solar PV Installed Recognitionfor our With potential to work in climate generate 58.9GWh of reporting electricity, equivalent to powering 8,305 homes

renewable For grid supplied electricity. FY21 Industrial, FY22 Office, FY25 Retail

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$100M 5.04 star in sustainable NABERS Energy

Debt finance Portfolio Weighted average for office assets

7% reduction in emission intensity (Scope 1 & Scope 2) against the FY17, despite a 37% increase in area (FY17 to FY20)

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2030 #1 largest

21 funds completed GRESB Assessment in 2021

Green Star footprint in Australia

Net zero target For Scope 1 and 2 emissions

240 Green Star rated buildings acrossplatform

Social:

Strong communities

90[%] engagement score From our employees

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Globally pioneering Human health and wellness in workplace with more than 900,000sqm office space WELL Portfolio rated

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6 star

Green Star ratings

On all new CBD Office developments

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Best Places Employer of Choice to Work for GenderEquality Ranked second in To by Workplace Gender Property, Construction & Equality Agency(WGEA) Transport category in 2021 AFRBest Places to Work list

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$739k

Reconciliation Action Plan Stage One Reflect RAP conditionally endorsed by Reconciliation Australia.

spend with community partnerships Through social enterprises and charitable organisations

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First Australian

Social procurement

property company

Within the Office portfolio through partnership with Two Good

To Pledge 1% of our time, space and profits to community partners

Governance: Responsible business

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TCFD Alignmentunderway

Cross Sector ESG Committee created to drive platform wide alignment and implementation

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Modern Slavery

Piloted PCA’s supplier prequalification with out top 100 suppliers, with a further 100 suppliers to be added year on year

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Managing Director’s 2 Address Arnott’s, Huntingwood Distribution Facility, Huntingwood

Charter Hall Group Charter Hall Grup 2021 Annual General Meeting2021 Full Year Results

Managing Director’s Address

30 years of active partnership

’96 Australia’s first institutional ’07 ’14 ’19 opportunistic property fund Launches CPIF, now Launches LWIP and LWHP, Secures Telstra Exchange launched with AMP Capital. A series valued at $7.9bn with a current combined and BP portfolios for of five opportunistic funds follows value of $2.5bn combined value of $1.6bn ’91 ’05 ’11 ’17 ’21 Charter Hall launches in Sydney with an initial focus on commercial Charter Hall lists on the Charter Hall celebrates its Charter Hall FUM Charter Hall celebrates its property advisory work ASX with FUM of $1.0bn 20 year anniversary. grows to $20bn 30 year anniversary. FUM exceeds $12bn FUM exceeds $55bn ’95 ’06 ’12 ’18 First syndicate launched. CHIF1 Launches CPOF, Creation of CHOT, now Charter Hall acquires is the first in a series of high now valued at $8.3bn valued at $3.6bn. Launches FLK $2.6bn FUM quality property syndicates CLP, now valued at $2.4bn ’04 ’10 ’16 ’20 Transfield Holdings acquires 50% Charter Hall acquires IPO of the Charter Hall FUM exceeds $40bn, of Charter Hall. David Harrison joins Macquarie Group’s real Long WALE REIT doubling in 3 years the company as Joint Managing estate platform for $108m (ASX:CLW), now valued Director alongside David Southon plus co-investments at $5.6bn

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Managing Director’s Address

Group funds management portfolio FUM has increased to $55.3bn

	Portfolio value	Lettable area	No. of	Net rent	WALE	Occupancy	WACR
	($bn)	(m sqm)	Properties	($m)	(years)	(%)	(%)
31 October 2021	55.3	9.5	1,413	2,561	8.9	97.6	4.76
30 June 2021	52.3	9.0	1,388	2,492	9.1	97.7	4.79
30 June 2020	40.5	7.9	1,104	2,167	8.6	97.5	5.27

FUM by equity source

FUM by sector

WALE by sector

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SC Retail
$3.9bn
Direct (Retail) Equity Social Infrastructure 7.0%
$9.2bn
16.6% $3.4bn Industrial & Logistics 15.4
6.2% $17.2bn
31.0% 13.3
10.6
11.2 year
Listed Funds Anchor WALE
$11.0bn $55.3bn $55.3bn 6.5
19.9% 5.4
Office
$24.1bn
43.5% Long WALE Retail
$6.8bn
Wholesale Equity 12.3% SC Retail Office Industrial & Long WALE Social
$35.1bn Logistics Retail Infrastructure
63.5%
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Managing Director’s Address

Funds Under Management (FUM) growth 5 year FUM CAGR to Jun-21 of 24.5%

FUM growth ($bn)

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$55.3bn
$1.8bn $52.3bn
$4.1bn
$8.0bn ($2.1bn)
$40.5bn
Jun-20 Acquisitions Divestments Net Capex Jun-21 Oct-21
revaluations
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FUM by equity source ($bn)

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$55.3bn
$52.3bn
$9.2bn
$8.2bn
$40.5bn $11.0bn
$10.8bn
$6.1bn
$30.4bn
$8.2bn $35.1bn
$33.3bn
$5.0bn
$23.2bn
$19.8bn $2.9bn $6.3bn $26.3bn
$17.5bn
$2.8bn
$4.4bn
$2.5bn $19.2bn
$4.1bn
$2.5bn $15.9bn
$12.4bn $12.9bn
Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Oct-21
YoY Growth
13.7% 17.0% 31.1% 33.2% 29.0% 5.8%
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5-year FUM CAGR to Jun-21

Wholesale 21.8% Listed 33.4% Retail 27.0%

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Managing Director’s Address

Transactional activity

Recent transactional activity led by Industrial & Logistics and Office

FY22 YTD ($bn) Acquisitions Divestments Net transaction Gross transactions FY21 ($bn) Acquisitions Divestments Net transaction Gross transactions	Industrial & Logistics Long WALE Retail 1.0 0.1 (0.0) (0.0) 1.0 0.1 1.0 0.1 Industrial & Logistics Long WALE Retail 2.8 2.2 (0.4) (0.2) 2.4 1.9 3.3 2.4	Office 1.3 (0.5) 0.8 1.8 Office 2.3 (1.0) 1.3 3.3	Social Infrastructure/ Other 0.1 (0.0) 0.1 0.1 Social Infrastructure/ Other 0.7 (0.3) 0.4 1.0
				Shopping Centre Retail Total
				-	8.0
				(0.1)	(2.1)
				(0.1)	5.9
				0.1	10.1
				Shopping Centre Retail Total
				0.1	2.5
				-	(0.5)
				0.1	2.0
				0.1	3.0

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Managing Director’s Address

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• Strong period of inflows from all equity sources

• Continued growth in Wholesale pooled funds and partnerships

• Growth in equity inflows continues with growth in scale

• Over 45,000 investors across FUM platform

• Direct platform average monthly inflows continuing at approximately $100 million per month

Equity inflows

Equity inflows
($m) FY18 FY19 FY20 FY21	FY22 YTD
Wholesale pooled funds 649 1,802 1,272 2,111	33
Wholesale partnerships 322 219 1,298 1,448	134
Listed funds 77 692 1,369 659	25
Direct funds 653 691 1,136 1,107	419
Gross equity inflows 1,701 3,404 5,076 5,326	611
Net equity inflows 1,487 3,287 4,585 4,761	330

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Managing Director’s Address

FY22 operating earnings guidance

On 1 November 2022, the Group upgraded post tax operating earnings per security (OEPS) to no less than 83 cents per security for FY22.

This earnings guidance does not include any forecast transactional activity yet to become unconditional and is based upon no material adverse change in current market conditions.

FY22 distribution per security guidance remains unchanged and is for 6% growth over FY21 distributions per security.

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Guidance of 36% OEPS
growth to 83cps and 6%
DPS growth
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Woolworths Distribution Centre, Dandenong South

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charterhall.com.au/chc

IMPORTANT NOTICE & DISCLAIMER

This presentation has been prepared by Charter Hall Funds Management Limited ACN 082 991 786)) (together, with its related bodies corporate, the Charter Hall Group).

This presentation has been prepared without reference to your particular investment objectives, financial situation or needs and does not purport to contain all the information that a prospective investor may require in evaluating a possible investment, nor does it contain all the information which would be required in a product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Commonwealth) (Corporations Act). Prospective investors should conduct their own independent review, investigations and analysis of the information contained in or referred to in this presentation and the further due diligence information provided.

Statements in this presentation are made only as of the date of this presentation, unless otherwise stated. Charter Hall Group is not responsible for providing updated information to any prospective investors. Any forecast or other forward looking statement contained in this presentation may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. There are usually differences between forecast and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material.

In making an investment decision, prospective investors must rely on their own examination of the Charter Hall Group, and any other information they consider relevant. All information is provided as indicative only.

None of Charter Hall Group, its officers, employees, advisers or securityholders (together, the Beneficiaries) guarantee or make any representation or warranty as to, or take responsibility for, the accuracy, reliability or completeness of the information contained in this presentation. Nothing contained in this presentation nor any other related information made available to prospective investors is, or shall be relied on, as a promise, representation, warranty or guarantee, whether as to the past, present or the future. To the extent permitted by law, the Beneficiaries disclaim all liability that may otherwise arise due to any information contained in this presentation being inaccurate, or due to information being omitted from this document, whether by way of negligence or otherwise. Neither the Beneficiaries nor any other person guarantees the performance of an investment with or managed by Charter Hall Group.

All information contained herein is current as at 31 October 2021 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.