CHARTER HALL GROUP — AGM Information 2024

Nov 19, 2024

==> picture [655 x 475] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting ASX:CHC

Charter Hall Group 2024 Annual General Meeting

==> picture [692 x 499] intentionally omitted <==

----- Start of picture text -----

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.
----- End of picture text -----

Agenda

1. Independent Chair’s Address: David Clarke

2. Managing Director’s Address: David Harrison

3. Questions

4. Formal Business

5. Questions

Cover: Coles, MidWest Logistics Hub Truganina (CPIF)

Charter Hall Group 2024 Annual General Meeting

2

1 Independent Chair’s Address: David Clarke

60 King William Street Adelaide (CPOF)

==> picture [659 x 506] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting

3

Chair’s Address

Board of Directors

==> picture [80 x 81] intentionally omitted <==

David Clarke Chair

==> picture [81 x 81] intentionally omitted <==

David Ross

Independent Non-Executive Director

==> picture [80 x 81] intentionally omitted <==

Karen Moses

Independent Non-Executive Director

==> picture [81 x 81] intentionally omitted <==

David Harrison

Managing Director & Group CEO

==> picture [80 x 81] intentionally omitted <==

Jacqueline Chow FAICD

Independent Non-Executive Director

==> picture [81 x 81] intentionally omitted <==

==> picture [81 x 81] intentionally omitted <==

==> picture [82 x 82] intentionally omitted <==

Stephen Conry AM

Greg Paramor AO

Karen Penrose

Independent Independent Independent Non-Executive Non-Executive Non-Executive Director Director Director

Charter Hall Group 2024 Annual General Meeting

4

Chair’s Address

Operating earnings growth

• Strength of underlying retained earnings driving fund creation and growth

• Cumulative retained earnings of $1.2bn since FY14 funding organic growth of the balance sheet co-investment portfolio

• FY24 OEPS of 75.8cps, growth of 3x over 10 years

• Distribution growth of 6% from FY19, plus 13.1cps of franking credits

Operating earnings and distributions growth

DPS (cash paid) DPS (grossed up)1 OEPS (post-tax)

==> picture [572 x 315] intentionally omitted <==

----- Start of picture text -----

115.6cps
93.3cps
75.8cps
69.3cps
61.0cps
58.2cps
50.7cps
47.4cps 47.6cps
37.7cps 43.4cps 44.4cps 45.1cps
42.5cps
40.0cps 40.1cps
35.9cps 36.9cps 37.9cps
35.7cps
30.4cps 33.7cps
31.8cps
27.5cps 30.0cps
25.3cps 26.9cps
24.2cps
22.3cps
FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24
1. DPS (grossed up) reflects cash paid plus franking credits distributed
----- End of picture text -----

Charter Hall Group 2024 Annual General Meeting

5

Chair’s Address

ESG Leadership

Achievements in FY24

Looking Forward

Environment

==> picture [184 x 133] intentionally omitted <==

----- Start of picture text -----

Social
----- End of picture text -----

==> picture [184 x 130] intentionally omitted <==

----- Start of picture text -----

Governance
----- End of picture text -----

Net Zero by 2025

Achieved >70% reduction in Scope 1 and Scope 2 absolute emissions compared to FY17 baseline.

Forward procured three years of naturebased carbon offsets mitigating carbon price volatility and delivering benefits for First Nation Communities.

Natural disaster relief and recovery

Enabled Red Cross to proactively address community relief by funding 130 additional skilled volunteers.

Delivered eight Community Grants through Foundation for Rural & Regional Renewal, to deliver community-led recovery projects for the long-term.

GRESB global and regional sector leadership

Three funds recognised as leaders in their peer group and 15 out of 29 participating funds scored in the top 20% of the total benchmark.

All Charter Hall listed entities[2] achieved an ‘A’ ranking under the GRESB Public Disclosure Level.

Clean energy

80% renewable electricity supplied to assets under our operational control, underpinned by long-term PPA.

80 MW of solar installed to date, an uplift of 23% since FY23[1] of which 77% supplies directly to tenants.

First Nations

Continued to develop our reconciliation commitments by building our cultural competency, recognising First Nations communities at our assets and developing partnerships with First Nations businesses.

Achieved Innovate RAP status, endorsed by Reconciliation Australia.

Sustainable finance transactions

Leveraged Australia’s largest footprint of independently rated space, to secure $6.4bn of sustainable finance.

Over 7.1 million sqm with Green Star Performance rating, and over 1.6 million sqm of assets with 5 Star or greater NABERS Energy.

Circular economy

Achieved more than 5% improvement in operational waste diverted from landfill when compared to FY23.

Integrated circular economy roadmaps for the parts of our business where we can make the most difference.

Community partnership

Contributed 3,766 hours YTD in community volunteering. The most recorded in a year, representing 80% of employees.

Created 222 employment outcomes in the year for vulnerable young Australians in partnership with state-based social enterprises.

Modern Slavery

Maintained independent screening of suppliers, rolled out updated training on modern slavery for all CHC employees and continued industry collaboration to support knowledge sharing.

Scope 3 emissions

Partner with tenant customers to reduce our Scope 3 emissions and increase tenant data coverage.

Additional 11.6 MW of solar committed to be rolled out in FY25.

Social inclusion and impact

Achieve target of 1,200 employment outcomes for vulnerable young Australians by 2030.

Increase social procurement spend within our operations.

Engage with First Nations organisations to create employment opportunities throughout our value chain.

Climate-related financial disclosure

Integrate climate-related financial information into our financial reporting to meet future disclosure requirements.

Restoring nature

Continue to integrate our approach to nature and alignment to emerging frameworks.

1. Uplift represents solar installed, or measured through acquisition

2. Charter Hall’s listed entities are Charter Hall Group (ASX:CHC), Charter Hall Retail REIT (ASX:CQR), Charter Hall Long WALE REIT (ASX:CLW) and Charter Hall Social Infrastructure REIT (ASX:CQE)

Charter Hall Group 2024 Annual General Meeting

6

2 Managing Director’s Address: David Harrison

Eastgate, Bondi Junction (CQR)

==> picture [659 x 506] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting

7

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[2] $ 359 million $2.8bn $80.9bn $6.6bn Balance sheet OEPS Property Investment EBITDA growth (pcp) Gross property transactions NTA per security 75.8cps 9.1% $4.1bn $5.49 Return on Contributed Equity[3] PI & DI EBITDA share of Group EBITDA Group EBITDA margin[5] Balance sheet gearing 19.4% 53% 79.3% 3.0%

1. Figures and statistics throughout this presentation are for the 12 months to 30 June 2024 unless otherwise stated

2. Investment capacity calculated as cash plus undrawn debt facilities for CHC and the funds management platform. At 30 June 2024, platform cash was $0.8bn. Excludes committed and unallotted equity

3. Return on contributed equity is calculated as total operating earnings post-tax per security divided by the opening contributed equity per security of $3.91 for the 12 months to 30 June 2024

4. Includes Paradice Investment Management (PIM) Partnership, with $15.4bn of FUM

5. Excludes earnings derived from PIM

Charter Hall Group

8

2024 Annual General Meeting

Managing Director’s Address

Diversified tenant customers

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

– The top 20 tenants represent 55% of property platform income with a WALE of 9.3 years

– 23% of platform leases are NNN and 22% of platform net income is CPI-linked

– 70% multi-lease tenants

• 27% cross-sector tenants across more than 4,500 leases

==> picture [26 x 8] intentionally omitted <==

----- Start of picture text -----

17.4%
----- End of picture text -----

Top 20 platform tenants by net income

==> picture [900 x 242] intentionally omitted <==

----- Start of picture text -----

5.3% 4.5%
3.9% 3.8% 3.7%
2.1% 2.0% 1.8% 1.5% 1.4% 1.2% 1.2% 1.1% 0.9% 0.8% 0.8% 0.6% 0.6% 0.6%
1
Office Shopping Centre Retail
Industrial Social Infrastructure
Net Lease Retail
----- End of picture text -----

1. Includes federal, state and local governments

Charter Hall Group 2024 Annual General Meeting

9

Managing Director’s Address

Modern, high-occupancy Industrial & Logistics portfolio

Strong leasing momentum with 689,129 sqm leased across 61 transactions

• 11.4 year WALE achieved on all transactions nationally

• 99.3% Industrial & Logistics portfolio occupancy versus national average of 98.1%[1]

• 9.3 year WALE across our Industrial & Logistics portfolio

• 52% of the portfolios has a market review over the next 5 years

• 32% like-for-like valuation growth since FY20

==> picture [292 x 188] intentionally omitted <==

GWA, M5/M7 Logistics Park, Prestons (CPIF)

==> picture [293 x 188] intentionally omitted <==

Australia Post, Chullora Logistics Park, Chullora (CPIF)

==> picture [293 x 188] intentionally omitted <==

Woolworths, Dandenong Distribution Centre, Dandenong South (CLW, CPIF, DIF3)

1. Source: CBRE, Charter Hall Research

2. All data as at 30 June 2024

Charter Hall Group 2024 Annual General Meeting

10

Managing Director’s Address

Modern, high-occupancy Office platform

Strong leasing momentum with 320,347 sqm leased[1] across 237 transactions

• 6.4 year WALE achieved on all transactions nationally

• 96.0% office portfolio occupancy versus national average of 84.0%[2]

• CPOF continues to have leading sector occupancy at 96.5%

• 6.3 year WALE across our Office portfolio

==> picture [292 x 188] intentionally omitted <==

60 King William Street, Adelaide (CPOF)

==> picture [293 x 188] intentionally omitted <==

GPO Tower, 2-10 Franklin Street, Adelaide (CPOF)

==> picture [292 x 188] intentionally omitted <==

10 Shelley Street, Sydney (CPOF & DOF)

1. Includes Heads of Agreement

2. Source: JLL, Charter Hall Research

3. All data as at 30 June 2024

Charter Hall Group 2024 Annual General Meeting

11

Managing Director’s Address

Modern, high-occupancy Retail platform

Strong leasing momentum with 65,852 sqm leased across 356 transactions

Shopping Centre Retail

Net Lease Retail

• 10.3 year WALE achieved on all transactions nationally[1]

• 11.6 year WALE across our Net Lease Retail portfolio

• High portfolio occupancy of 98.0%

• High portfolio occupancy of 100%

• CQR record high specialty sales productivity of $11,077 per sqm

• 27% like for like valuation growth since FY20

• +2.7% specialty leasing spreads across CQR portfolio

• 87% of portfolio net income is CPI-linked

==> picture [292 x 187] intentionally omitted <==

Coles, Gateway Plaza, Leopold (CQR)

==> picture [293 x 187] intentionally omitted <==

bp, Forestville (CLW & CQR)

==> picture [293 x 187] intentionally omitted <==

Crows Nest Hotel, Crows Nest (CLW)

1. WALE for Retail major tenants

Charter Hall Group 2024 Annual General Meeting

12

Managing Director’s Address

Equity inflows

• Diverse sources of equity across Wholesale, Listed and Direct

• Wholesale flows weighted towards partnerships

• ~100 wholesale investors

• $14.4bn of gross inflows over 4 years

($m)	FY21	FY22	FY23	FY24
Wholesale pooled funds	2,111	1,575	817	305
Wholesale partnerships	1,448	1,137	1,432	1,140
Listed funds	659	646	9	11
Direct funds	1,107	1,340	542	148
Gross equity inflows	5,326	4,698	2,801	1,604
Net equity inflows	4,761	4,039	1,476	991

Charter Hall Group 2024 Annual General Meeting

13

Managing Director’s Address

FY25 operating earnings guidance

Based on no material change in current market conditions, FY25 guidance is for post-tax operating earnings per security of approximately 79 cents.

FY25 distribution per security guidance is for 6% growth over FY24.

==> picture [648 x 499] intentionally omitted <==

Hello Fresh, Light Horse Logistics Hub, Eastern Creek (CPIF)

Charter Hall Group 2024 Annual General Meeting

14

3 Questions

555 Collins Street Melbourne (CPOF)

==> picture [660 x 506] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting

15

4 Formal Business

Criterion Industries

Glendenning Logistics Estate Glendenning (CLP)

==> picture [659 x 506] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting

16

Formal Business

Item 1 – Annual Report

To receive and consider the Annual Report, consisting of the Financial Report and Directors’ Report, and Auditor’s Report for the year ended 30 June 2024.

Note: There is no requirement for Securityholders to approve these reports.

Charter Hall Group 2024 Annual General Meeting

17

Formal Business

Item 2 – Re-election of Directors

To consider and, if thought fit, pass the following resolutions as separate ordinary resolutions of CHL:

a) “That, Ms Karen Penrose, appointed as an additional Director of CHL by the Board, is elected as a Director of CHL.”

b) “That, Ms Jacqueline Chow FAICD, is re-elected as a Director of CHL.”

Charter Hall Group 2024 Annual General Meeting

18

Formal Business

Item 2 – Proxies – Re-election of Directors

	For	Open	Against
Karen Penrose	98.31%	.07%	1.62%
Jacqueline Chow FAICD	98.93%	.07%	1.00%

Charter Hall Group 2024 Annual General Meeting

19

Formal Business

Item 3 – Adoption of Remuneration Report

To consider and, if thought fit, pass the following ordinary resolution of CHL:

“That the Remuneration Report included in the Annual Report for the year ended 30 June 2024 be adopted.” Note: The vote on this resolution is advisory only and does not bind Charter Hall Group or the Directors of CHL.

Charter Hall Group 2024 Annual General Meeting

20

Formal Business

Item 3 – Proxies – Adoption of Remuneration Report

FOR:	96.19%
OPEN:	.07%
AGAINST:	3.74%

Charter Hall Group 2024 Annual General Meeting

21

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 FY24)

To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT:

“That approval is given for all purposes under the Corporations Act and the Listing Rules (in particular, Listing Rule 10.14) for the issue of 68,332 service rights to Mr David Harrison as described in the Explanatory Memorandum.”

Charter Hall Group 2024 Annual General Meeting

22

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 FY24)

FOR:	98.41%
OPEN:	.07%
AGAINST:	1.52%

Charter Hall Group 2024 Annual General Meeting

23

Formal Business

Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY25)

To consider and, if thought fit, pass the following ordinary resolution of CHL and CHPT:

“That approval is given for all purposes under the Corporations Act and the Listing Rules (in particular, Listing Rule 10.14) for the issue of 247,320 performance rights to Mr David Harrison as described in the Explanatory Memorandum.

Charter Hall Group 2024 Annual General Meeting

24

Formal Business

Item 5 – Issue of performance rights to Mr David Harrison – Performance Rights and Options Plan (Long Term Incentive (LTI) for FY25)

FOR:	97.96%
OPEN:	.07%
AGAINST:	1.97%

Charter Hall Group 2024 Annual General Meeting

25

Formal Business

Item 6 – Remuneration of Non-Executive Directors

To consider and, if thought fit, pass the following ordinary resolution of CHL:

“That, for the purposes of rule 43(b) of the constitution and Listing Rule 10.17, the maximum aggregate remuneration that may be paid to all of the nonexecutive directors of CHL for their services as non-executive directors of CHL be increased from $2,000,000 per annum to $2,500,000 per annum.”

Charter Hall Group 2024 Annual General Meeting

26

Formal Business

Item 6 – Remuneration of Non-Executive Directors

FOR:	99.78%
OPEN:	.07%
AGAINST:	.15%

Charter Hall Group 2024 Annual General Meeting

27

Formal Business

Item 7 – Capital Reallocation

Refer to the Charter Hall Group 2024 Notice of Meeting.

Item 7 – Capital Reallocation: items 7.1, 7.2 and 7.3.

Charter Hall Group 2024 Annual General Meeting

28

Formal Business

Item 7 – Proxies – Capital Reallocation

FOR:	99.91%
OPEN:	.08%
AGAINST:	.01%

Charter Hall Group 2024 Annual General Meeting

29

5 Questions

Charter Hall Offices

275 George Street, Brisbane (CPOF)

==> picture [659 x 506] intentionally omitted <==

Charter Hall Group 2024 Annual General Meeting

30

6 Meeting closed

Gateway Plaza Leopold (CQR)

==> picture [659 x 506] intentionally omitted <==

Charter Hall Group

31

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 2024 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.

Charter Hall Group 2024 Annual General Meeting

32