CHARTER HALL GROUP — AGM Information 2022

Nov 15, 2022

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Charter Hall Charter Hall Long WALE REIT 2022 Full Year Results Group

Acknowledgement of Country

Charter Hall is proud to work with our customers and communities to invest in and create places on lands across Australia. We pay our respects to the Traditional Owners, their Elders past and present, and value their care and custodianship of these lands.

Coming Together, 2021.

'Coming Together' is an artwork which is reflective of strength, resilience and nurturing partnerships. Frances Belle Parker (Yaegl)

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David Harrison David Clarke Managing Director & Group CEO Chair

Agenda

1. Chair’s Address: David Clarke

2. Managing Director’s Address: David Harrison

3. Questions

4. Formal Business

5. Questions

Cover: Southern Cross, Melbourne (CPOF)

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Chair’s 1 Address

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Charter Hall Group Charter Hall Group
2022 Annual General Meeting2022 Annual General Meeting
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Coles Distribution Centre, Perth (CLW, DIF2 & DIF3)

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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David Harrison Managing Director & Group CEO

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Chair’s Address

Operating earnings per security growth

Operating earnings per security growth

OEPS (post-tax) cps

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115.6cps
69.3cps
61.0cps
47.4cps
37.7cps
35.9cps
FY17 FY18 FY19 FY20 FY21 FY22
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Distributions per security growth

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DPS (grossed up)1
DPS (cash paid)
47.6cps
44.4cps
43.4cps
40.0cps
36.9cps
40.1cps
37.9cps
35.7cps
33.7cps
31.8cps
30.0cps
FY17 FY18 FY19 FY20 FY21 FY22
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1. DPS (grossed up) reflects cash paid plus franking credits distributed

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Chair’s Address

ESG Leadership

Partnering with tenant and investor customers to deliver meaningful change

Climate action

Focusing on onsite and offsite renewable

• Group-wide 7-year power purchase agreement (PPA) signed with global renewable energy giant ENGIE

• Supplies the Group’s property portfolio with electricity from 100 per cent renewable sources until 2030

• Charter Hall is Foundational Clean Energy Partner for three solar farms currently in development, in addition to the already established wind farm

• Will provide 151GWh of wind and solar power annually to 152 Charter Hall sites

• Direct investment in Australia’s transition to a clean energy future

• 70% reduction in emissions by 2024

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Achievements in FY22
$2.5bn in sustainable finance 54% [1 ] reduction in absolute Customer partnerships
transactions emissions [2 ] against FY17 baseline The Group now has 47MW of solar
Up from $100m in FY21, linked to ESG installed an increase of 6MW in the year.
driven by ongoing energy efficiency and
performance and Green Building ratings
100% supply of renewable electricity to
our Office and Industrial sectors. Ranked
8th in the FT/Nikkei Asia Pacific Climate
200 Leaders list 2022
Focus areas in FY23+
100% net zero carbon Scope 3 emissions
emissions by 2025 [1] Establishing Scope 3 Target aligned
to Science Based Target initiative
Willogoleche Wind Farm (ENGIE)
1. Emissions reduction has been calculated using a market-based approach. Final assured non-financial data will be published in our FY22 Sustainability Report.
2. Scope 1 and Scope 2 emissions in operational control. 7
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Charter Hall Group 2022 Annual General Meeting

Chair’s Address

ESG Leadership

Partnering with tenant and investor customers to deliver meaningful change

Social

Strong communities

• Aligned to our 1% Pledge commitment, invested $1.27m in social enterprise and community initiatives, up 72% from FY21

• Delivered 191 employment outcomes for vulnerable young Australians with state based social enterprise partners

• Provided $578k in crisis support to GIVIT, Foodbank and UNICEF to combat impacts of COVID-19 and flooding

• Winner 2022 Social Traders Game Changer Award (NSW/ACT) for Two Good Co partnership on social procurement in our Office assets

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Achievements in FY22
Health and Wellbeing Employer of Choice Engagement
Winner of HR Awards 2021 Awarded the WGEA Employer of Global high performing level of
Best Health & Wellbeing Program Choice for Gender Equality citation engagement (88% overall) with
and recognised as an industry leader 93% of our people saying that we
for initiatives to achieve gender equality are a great place to work
Focus areas in FY23+
Creating employment for Growing future capability Reconciliation Action Plan (RAP)
vulnerable youth Retaining and developing key talent Building capacity with First Nation
Targeting 1,200 employment to support future growth businesses and community, following
outcomes by 2030 approval of our RAP
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Bay Plaza, Hervey Bay Qld
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Charter Hall Group 2022 Annual General Meeting

Managing Director’s 2 Address

Light Horse Business Hub, Eastern Creek (CPIF)

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Managing Director’s Address

Funds Under Management (FUM) growth Property FUM growth of 25.5% from $52.3bn to $65.6bn

Group FUM growth ($bn)

Property FUM by equity source ($bn)

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Group FUM $72.1bn
5-Year Property FUM CAGR
$86.3bn
Wholesale 26.4% $65.6bn
$11.0bn
$79.9bn Listed 26.7%
PIM
$14.2bn $10.5bn
Partnership Retail 30.4% $13.8bn
$52.3bn
$14.3bn
$13.5bn
$72.1bn
$2.7bn $8.2bn
$5.3bn
$47.2bn
$7.0bn ($1.6bn) $65.6bn $40.5bn
$62.9bn $10.8bn
$41.6bn
Property FUM $6.1bn
$57.7bn $57.7bn
$30.4bn
$8.2bn
$52.3bn $33.3bn
$52.3bn $5.0bn
$23.2bn
$19.8bn $6.3bn $26.3bn
$2.9bn
Property FUM growth of $13.3bn $2.8bn
$4.4bn
$19.1bn
$4.1bn
$15.9bn
$12.9bn
Jun-21 Acquisitions Divestments Net Property DevEx 1 Jun-22 Sep-22 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Sep-22
Revaluations
YoY Growth 17.0% 31.1% 33.2% 29.0% 25.5% 9.8%
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1. Includes development and maintenance capital expenditures

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Managing Director’s Address

Property funds management portfolio Largest diversified property portfolio in Australia

Property FUM	Portfolio value ($bn)	Lettable area (m sqm)	No. of Properties	Net rent ($m)	WARR (%)	WALE (years)	Occupancy (%)	WACR (%)
30 September 2022	72.1	11.4	1,619	3,059	3.7	8.3	98.1	4.37
30 June 2022	65.6	10.8	1,548	2,840	3.6	8.6	98.0	4.37
30 June 2021	52.3	9.0	1,388	2,492	3.1	9.1	97.7	4.79

Property FUM by equity source

Property FUM by sector

WALE by sector

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Listed Equities
$0.4bn
Direct (Unlisted) Equity Wholesale (Unlisted) Equity Long WALE Retail 0.5%
$10.0bn
$11.0bn15.3% $47.2bn65.6% 13.9% Industrial & Logistics 14.8
$23.5bn
32.6%
Social Infrastructure
$3.6bn 11.3
5.0% 10.7 Anchor 10.6
WALE
Listed Funds
$13.8bn
19.2%
$72.1bn $72.1bn
6.0
5.3
Office
$30.1bn
41.7% SC Retail
$4.5bn
6.2% SC Retail Office Industrial & Long WALE Social
Logistics Retail Infrastructure
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Managing Director’s Address

Diversified tenant customers

The top 20 tenants are represented by Government, multinationals and listed companies

• The top 20 tenants represent 56% of property platform income

• 70% of tenants by net income are investment grade[1]

• 22% of platform leases are NNN

• 21% of platform net income is CPI-linked

Top 20 platform tenants by net income

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16.8%
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5.3%
4.3% 4.2% 4.2% 4.1%
2.1%
1.7% 1.6% 1.5% 1.4% 1.4% 1.2% 1.2% 1.1% 0.9% 0.9% 0.7% 0.6% 0.6%
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Relates to publicly rated parent entities and as otherwise assessed Industrial & Logistics Social Infrastructure
Includes federal, state and local governments
Charter Hall Group Long WALE Retail Shopping Centre Retail
2022 Annual General Meeting
Office
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1. Relates to publicly rated parent entities and as otherwise assessed 2. Includes federal, state and local governments

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Managing Director’s Address

Property transaction activity

$8.5bn of transaction activity in FY22, comprising over 90 transactions with 22 active funds/partnerships

Acquisitions ($bn)

Divestments ($bn)

Net Transactions ($bn)

Gross Transactions ($bn)

	Industrial & Logistics 2.5		Long WALE Retail 2.1 (0.1) 2.0 2.1		Office			Social Infrastructure / Other			Shopping Centre Retail 0.1	FY22 Total FY23 YTD 7.0 4.8 (1.6) (0.9) 5.4 3.9 8.5 5.7
					1.9			0.4
	(0.5)				(0.8)			(0.2)			-
	2.0				1.1			0.2			0.1
	3.0				2.7			0.7			0.1

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TAFE Queensland, Robina (CQE)

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Light Horse Business Hub, Sydney (CPIF)

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50 Marcus Clarke Street, Canberra (CHCOT)

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Emergency Command Centre, Adelaide (CQE)

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Managing Director’s Address

Equity inflows[1]

• Diverse sources of equity across Wholesale, Listed and Direct, with all areas contributing during FY22

• Over 45,000 investors across FUM platform

• Over 100 institutional wholesale investors

($m) FY19 FY20 FY21 FY22 Wholesale pooled funds 1,802 1,272 2,111 1,575 Wholesale partnerships 219 1,298 1,448 1,137 Listed funds 692 1,369 659 646 Direct funds 691 1,136 1,107 1,340 Gross equity inflows 3,404 5,076 5,326 4,698 Net equity inflows 3,287 4,585 4,761 4,039	FY23 YTD
	404
	903
	3
	180
	1,490
	871

1. Equity inflows reflects allotted equity only

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Managing Director’s Address

FY23 operating earnings guidance

Based on no material adverse change in current market conditions, FY23 guidance is for post-tax operating earnings per security of no less than 90 cents.

FY23 distribution per security guidance is for 6% growth over FY22.

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Wesley Place, 130 Lonsdale Street, Melbourne (CPOF)

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3 Questions

Charter Hall Offices, 1 Martin Place, Sydney (CHOT)

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Formal
4 Business
Australian Red Cross, Sydney (CLW)
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Formal Business

Item 1 – Annual Report

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Formal Business

Item 2 – Re-election of Directors of CHL

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Formal Business

Item 2 – Proxies – Re-election of Directors of CHL

	For	Open	Against
David Clarke	98.49%	0.07%	1.45%
Karen Moses	98.01%	0.07%	1.92%
Greg Paramor	96.53%	0.07%	3.40%

Note: Figures may not sum to 100% due to rounding

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Formal Business

Item 3 – Adoption of Remuneration Report

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Formal Business

Item 3 – Proxies – Adoption of Remuneration Report

FOR:	96.89%
OPEN:	0.07%
AGAINST:	3.04%

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Formal Business

Item 4 – Issue of service rights to Mr David Harrison – (Mandatorily deferred portion of Short-Term Incentive (STI) for FY22)

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Formal Business

Item 4 – Proxies – Issue of service rights to Mr David Harrison – (Mandatorily deferred portion of Short-Term Incentive (STI) for FY22)

FOR:	97.21%
OPEN:	0.07%
AGAINST:	2.73%

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Formal Business

Item 5 – Issue of performance rights to Mr David Harrison – (Long Term Incentive (LTI) for FY23)

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Formal Business

Item 5 – Issue of performance rights to Mr David Harrison – (Long Term Incentive (LTI) for FY23)

FOR:	97.85%
OPEN:	0.07%
AGAINST:	2.09%

Note: Figures may not sum to 100% due to rounding

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2022 Annual General Meeting2022 Annual General Meeting
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Questions
5
GPO Exchange, 2-10 Franklin Street, Adelaide (CPOF)
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Meeting 6 closed

Brisbane City Council Bus Network Terminal, Brisbane (CQE & CLW) Charter Hall Group 2022 Full YearResults

Charter Hall Group Charter Hall Group 2022 Annual General Meeting 2022 Annual General Meeting

Further information

Investor Relations

Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia)

Email reits@charterhall.com.au

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Presentation authorised by the Board

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 14 October 2022 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.

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