CHARTER HALL GROUP — AGM Information 2023

Nov 15, 2023

Charter Hall Social Infrastructure REIT

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2023 Full Year Results Charter Hall Group 2023 Annual General Meeting

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Acknowledgement of Country

Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country.

Charter Hall Group 2023 Annual General Meeting

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Charter HalCharter Ha l Group l Group
2023 Full Year Results2023 Annual General Meeting
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Agenda

1. Independent Chair’s Address: David Clarke

2. Managing Director’s Address: David Harrison

3. Questions

4. Formal Business

5. Questions

Cover image: Midwest Logistics Hub, Truganina (CPIF) Left image: 555 Collins Street, Melbourne (CPOF)

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Chair’s 1 Address

Light Horse Logistics Hub, Eastern Creek (CPIF)

Charter Hall GroupCharter Hall Group 2023 Full Year Results2023 Half Year Results

Charter Hall Group 2023 Annual General Meeting

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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Karen Moses Non-Executive Director

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David Harrison Managing Director & Group CEO

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Jacqueline Chow Non-Executive Director

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Stephen Conry AM Non-Executive Director

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Greg Paramor AO Non-Executive Director

Charter Hall Group 2023 Annual General Meeting

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Chair’s Address

Operating earnings growth

Operating earnings and distributions per security growth

• Strength of underlying retained earnings driving fund creation and growth

• Consistent DPS growth of 7.7% from FY13 to FY23

• Cumulative retained earnings of more than $1.0bn since FY13 to FY23 funding organic growth of the balance sheet co-investment portfolio

OEPS (post-tax) cps

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OEPS (post-tax) cps
115.6cps
DPS (cash paid)
93.3cps
69.3cps
61.0cps
47.4cps
42.5cps
40.1cps
35.9cps 37.7cps 35.7cps 37.9cps
30.4cps 31.8cps 33.7cps
27.5cps 30.0cps
25.3cps 26.9cps
22.9cps
24.2cps
22.3cps
20.2cps
FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23
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Charter Hall Group 2023 Annual General Meeting

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Chair’s Address

ESG Leadership

Achievements in FY23

Focus areas in FY24+

Environment

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Net Zero Carbon Targets Established near-term and long-term Scope 3 Target[1]

Scope 1 and Scope 2 by 2025. Accelerated by 5 years[2]

Investment in clean energy

Long Term PPA to supply 100% renewable electricity from 2024[3] .

63MW of solar installed to date, an increase of 15.8MW in FY23[4]

ESG performance supporting sustainable finance

$3.4bn of transactions to date, increase of $900m since FY22, linked to independent Green Building ratings

Climate Action

Continued focus on partnering with tenant customers to invest in clean energy to address Scope 3 emissions

Restore Nature

Continued integration of our approach to circularity and nature to monitor emerging frameworks

Social

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Support for disaster and hardship Invested over $1.4m to support communities with resources to build and rebuild strong foundations

Lifelong change for vulnerable youth

Facilitated 210 employment outcomes, a 5% increase since FY22, in partnership with social enterprises. Targeting 1,200 employment outcomes in 2030

Social value through

procurement

Won the National Social Procurement Trailblazer Award (in partnership with Two Good) in the 2022 Social Traders National Game Changer Awards

Reconciliation Action Plan

Continue engaging closely with Reconciliation Australia on the development of Charter Hall Group’s new Innovate RAP

Governance

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ESG leadership and performance Australia’s largest footprint of Responsible business Benchmarking our performance 17 Charter Hall Funds scored in the top 20% independently rated green space Developed a Modern Slavery Framework Continued alignment with best practice of GRESB, with 3 Funds recognised as >6.7m sqm of Green Star rated space to guide our modern slavery approach for independent frameworks to verify Global and Regional Sector leaders across the country, an increase of 29% the next 3 years our ESG progress and non-financial compared to last year for office, retail and disclosure (GRI, TCFD, PRI and UNGC) industrial sectors

1. Target uses science-based methodologies and it is our intention to obtain external verification of the baseline year and emissions inventory in the next 12-24 months

2. Charter Hall continues to focus on its Scope 1 and 2 target by 2025 where Charter Hall Limited is the controlling entity and where we have operational control.

3. Renewable electricity procurement for assets where the electricity consumption is in operational control

4. Uplift represents solar installed, or measured through acquisition

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s 2 Address

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Charter Hal GroupCharter HaCharter Hall Group l l Group
2023 Annual General Meeting2023 Full Year Results2023 Half Year Results
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555 Collins Street, Melbourne (CPOF)

Managing Director’s Address

Group highlights[1]

Investment Capacity

Group Returns

Group Returns Property Investments Funds Management Investment Capacity Operating earnings Property Investment portfolio Group FUM[4] Group investment capacity[6] $ $ 441 million $3.0bn $87.4bn ↑ 9.4% 6.0bn Statutory profit[2] Property FUM $ 196 million $71.9bn ↑ 9.5% Balance sheet OEPS Property Investment portfolio growth Gross property transactions NTA per security $ $ 93.3cps $33m 10.4bn 6.28 Return on Contributed Equity[3] Property Investment yield Funds Management yield[5] Balance sheet gearing 23.8[%] 4.4[%] 9.3[%] 2.2% Contributed equity per security of $3.91

1. Figures and statistics throughout this presentation are for the 12 months to 30 June 2023 unless otherwise stated

2. Attributable to stapled securityholders

3. Return on contributed equity is calculated as total operating earnings post-tax per security divided by the opening contributed equity per security for the 12 months to 30 June 2023

4. Includes Paradice Investment Management (PIM) Partnership, with $15.6bn of FUM

5. Funds Management (FM) yield is calculated as FM operating earnings post tax per security (includes 50% allocation of net interest) divided by the opening NTA per security for the 12 months to 30 June 2023

6. Investment capacity calculated as cash plus undrawn debt facilities for CHC and the funds management platform. At 30 June 2023, platform cash was $0.9bn. Excludes committed and unallotted equity

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

Funds Under Management (FUM) growth Property FUM growth of 9.5% from $65.6bn to $71.9bn

Property FUM growth ($bn)

Property FUM by equity source ($bn)

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80.0 5-year Property FUM CAGR of 25.4%
$7.6bn ($2.8bn) 75.0 $71.9bn
$3.0bn Wholesale 24.7%
($1.6bn) 70.0
Listed 25.0% $65.6bn
$70.4bn $68.9bn $68.9bn $71.9bn 65.0 Retail 29.2% $10.5bn
60.0 $10.5bn
$65.6bn $65.6bn $13.3bn
55.0 $52.3bn
$13.5bn
50.0
$8.2bn
45.0 $48.1bn
$40.5bn
40.0 $10.8bn
$41.6bn
$6.1bn
35.0
$30.4bn
Property FUM growth of $6.2bn 30.0 $8.2bn $33.3bn
$5.0bn
25.0 $23.2bn
$2.9bn $6.3bn $26.3bn
20.0
$4.4bn
15.0 $19.1bn
$15.9bn
10.0
5.0
0.0
Jun-22 Acquisitions Divestments Net Property DevEx 1 Jun-23 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23
Revaluations
Growth 31.1% 33.2% 29.0% 25.5% 9.5%
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1. Includes development and maintenance capital expenditures

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Charter Hall Group
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2023 Annual General Meeting

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)	WARR1 (%)	WALE (years)	Occupancy (%)	WACR (%)
30 June 2023	71.9	11.9	1,663	3,252	3.7	8.2	97.9	4.76
30 June 2022	65.6	10.8	1,548	2,840	3.6	8.6	98.0	4.37

Property FUM by equity source

Property FUM by sector

WALE by sector

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SC Retail
Social $4.3bn
Infrastructure
6.0%
Direct (Unlisted) Equity Wholesale (Unlisted) Equity $3.7bn
$10.5bn $48.1bn Listed Equities/ Other 5.1% 13.9
14.6% 66.9% $0.5bn Industrial & Logistics
0.6% $24.5bn
34.1%
10.7
10.5 year
Anchor WALE 10.1
Listed Funds
$13.3bn
18.6%
$71.9bn $71.9bn
Office 5.9
$29.3bn
5.0
40.7%
Long WALE Retail
$9.7bn
13.4% SC Retail Office Industrial & Long WALE Social
Logistics Retail Infrastructure
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1. CPI of 6.0% as at 30 June 2023

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

Diversified tenant customers

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

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

– 26% of platform leases are NNN and 21% of platform net income is CPI-linked

• 72% repeat tenants and 28% multi-sector tenants across more than 4,600 leases

Equity inflows[1]

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18.1% Top 20 platform tenants by net income
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5.4%
4.2% 4.2%
3.9% 3.6%
2.1% 1.9% 1.8% 1.5% 1.4% 1.3% 1.2% 1.1% 1.0% 0.8% 0.8% 0.7% 0.6% 0.6%
1
Industrial & Logistics Social Infrastructure
Long WALE Retail Shopping Centre Retail
Office
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1. Includes federal, state and local governments

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

Diversified tenant customers

We are focused on the highest quality tenants

Platform tenants by institution, by net income

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52.9%
18.1%
11.3%
9.4%
7.1%
3.1%
1.0%
Government Listed Unlisted Multinational Institutional Quality Private Equity Private National Other
(Private/Partnerships) Company
Industrial & Logistics Social Infrastructure
Long WALE Retail Shopping Centre Retail
Office
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1. Includes federal, state and local governments

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

FY23 property transaction activity

$10.4bn of transaction activity, comprising over 90 transactions with 25 active funds/partnerships

		Industrial & Logistics			Long WALE Retail			Office			Social Infrastructure / Other			Shopping Centre Retail		Total
Acquisitions ($bn)		3.4			0.4			3.5			0.3			0.0		7.6
Divestments ($bn)		(1.5)			(0.1)			(0.9)			(0.2)			(0.1)		(2.8)
Net Transactions ($bn)		1.9			0.3			2.6			0.1			(0.1)		4.8
Gross Transactions ($bn)		4.9			0.6			4.4			0.4			0.2		10.4

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Z Energy, Wellington NZ (CQR)

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555 Collins Street, Melbourne (CPOF)

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Geoscience Australia, Canberra (CLW, CQE & DIF4)

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iQ Westmead, 158-164 Hawkesbury Road, Westmead (CQE & PFA)

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

Equity inflows[1]

• Diverse sources of equity across Wholesale, Listed and Direct

• Wholesale flows weighted towards partnerships

• ~100 wholesale investors

• Over 45,000 investors across FUM platform

($m)	FY20	FY21	FY22	FY23
Wholesale pooled funds	1,272	2,111	1,575	817
Wholesale partnerships	1,298	1,448	1,137	1,432
Listed funds	1,369	659	646	9
Direct funds	1,136	1,107	1,340	542
Gross equity inflows	5,076	5,326	4,698	2,801
Net equity inflows	4,585	4,761	4,039	1,476

1. Equity inflows reflects allotted equity only

Charter Hall Group 2023 Annual General Meeting

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Managing Director’s Address

FY24 operating earnings guidance

Based on no material change in current market conditions, FY24 guidance is for post-tax operating earnings per security of approximately 75 cents.

FY24 distribution per security guidance is for 6% growth over FY23.

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60 King William Street, Adelaide (CPOF & 60KWJV)

Charter Hall Group 2023 Annual General Meeting

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Questions
3
Midwest Logistics Hub, Truganina (CPIF)
Charter Hall GroupCharter Hall Group Charter Hall Group
2023 Annual General Meeting 2023 Annual General Meeting
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Questions 3

Formal 4 Business

Geoscience Australia, Canberra (CLW, CQE & DIF4)

Charter Hall GroupCharter Hall Group 2023 Annual General Meeting

Charter Hall Group 2023 Annual General Meeting

Formal Business

Item 1 – Annual Report

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Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 2 – Election and Re-election of Directors of CHL

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Charter Hall Group 2023 Annual General Meeting

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Formal Business

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

	For	Open	Against
Stephen Conry AM	99.32%	.07%	.61%
David Ross	91.81%	.07%	8.12%

Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 3 – Adoption of Remuneration Report

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Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 3 – Proxies – Adoption of Remuneration Report

FOR:	96.31%
OPEN:	.07%
AGAINST:	3.62%

Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 4 – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY23)

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Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 4 – Proxies – Issue of service rights to Mr David Harrison - Performance Rights and Options Plan (Mandatorily deferred portion of Short-Term Incentive (STI) for FY23)

FOR:	99.11%
OPEN:	.09%
AGAINST:	.80%

Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY24)

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Charter Hall Group 2023 Annual General Meeting

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Formal Business

Item 5 – Proxies – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY24)

FOR:	98.51%
OPEN:	.07%
AGAINST:	1.42%

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

Charter Hall Group 2023 Annual General Meeting

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Questions
5
Multi Level Logistics Complex
Artist’s impression – Ascent on Bourke, Alexandria, Sydney (CLP)Charter Hall Group
2022 Half Year Results
Charter Hall Group
2021 Full Year Results
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Charter Hall Group
2023 Annual General Meeting
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Meeting 6 closed Charter Hall Offices, Level 23, 130 Lonsdale Street, Melbourne (CPOF)

Charter Hall Group Charter Hall Group 2023 Full Year Results2023 Half Year ResultsAnnual Genera Meeting

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/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 30 June 2023 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.

Charter Hall Group

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2023 Annual General Meeting