CHARTER HALL GROUP — Annual Report 2024

Aug 20, 2024

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

Charter Hall Group Full Year Results 2024 ASX:CHC

Charter Hall Group 2024 Full Year Results

==> 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. Highlights and Strategy 2. Group Funds Management

2. Property Investment

3. Financial Result

4. Guidance

5. Additional Information

Cover: Coles, MidWest Logistics Hub Truganina (CPIF)

Charter Hall Group 2024 Full Year Results

2

1 Highlights and Strategy

60 King William Street Adelaide (CPOF)

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

Charter Hall Group 2024 Full Year Results

3

Highlights and Strategy

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 2024 Full Year Results

4

Highlights and Strategy

Our Strategic Pillars[1]

We use our expertise to access, deploy, manage and invest equity to create value and generate superior returns for our investor customers

1. Slide refers to Property FUM unless otherwise stated

1 year 3 years 5 years	Access Accessing equity from listed, wholesale and retail investors Deploy Creating value through attractive investment opportunities Manage Funds management, asset management, leasing and development services Invest Investing alongside our capital partners
	Gross equity allotted $1.6bn Acquisitions $1.7bn Development Capex $0.5bn Group FUM $80.9bn $6.5bn Decrease in Pl $0.2bn6.5% Divestments $2.4bn Property FUM $65.5bn $6.3bn Net Acquisitions -$0.7bn Gross Transactions $4.1bn
	Gross equity allotted $9.1bn Acquisitions $16.2bn Development Capex $6.2bn Property FUM growth $13.2bn$4.4bn p.a. Increase in Pl $0.4bn↑14.5% Divestments $6.8bn Net Acquisitions $9.4bn Gross Transactions $23.0bn
	Gross equity allotted $19.5bn Acquisitions $31.5bn Development Capex $9.2bn Property FUM growth $35.1bn$7.0bn p.a. Increase in Pl $0.9bn↑49.6% Divestments $9.9bn Net Acquisitions $21.6bn Gross Transactions $31.5bn 5

Charter Hall Group 2024 Full Year Results

Highlights and Strategy

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 Full Year Results

6

==> picture [73 x 7] intentionally omitted <==

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

Highlights and Strategy
----- End of picture text -----

Group EBITDA margins

• Margin expansion over 5yrs achieved through platform scale

• Annuity EBITDA margin continues to expand, with PI & FM EBITDA growth outpacing expense growth

Group EBITDA margins, FY19 vs FY24 (%)

==> picture [594 x 355] intentionally omitted <==

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

79.3%
76.2%
74.4%
EBITDA Margin
65.8%
Annuity EBITDA Margin
FY19 FY20 FY21 FY22 FY23 FY24
1. Excludes earnings derived from PIM
2. Annuity EBITDA margin includes PI EBITDA and funds management EBITDA, excluding transaction and performance fees
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

7

2 Group Funds Management

Gateway Plaza Leopold (CQR)

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

Charter Hall Group 2024 Full Year Results

8

Group Funds Management

Group funds management portfolio

• Diversification of equity sources and by sector

• 31% Industrial & Logistics, 31% Office, 20% Listed Equities, 18% Retail and Social Infrastructure

Group FUM by equity source

Group FUM by sector

==> picture [803 x 324] intentionally omitted <==

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

Social Infrastructure
$3.9bn
Direct Equity Wholesale Equity SC Retail 4.8%
$9.2bn $59.8bn $4.0bn
11.3% 73.9% 5.0%
Office
Net Lease Retail
$25.1bn
$6.7bn
31.1%
Listed Funds 8.3%
$12.0bn
14.8%
$80.9bn $80.9bn
Listed Equities
$16.0bn
19.8%
Industrial & Logistics
$25.1bn
31.1%
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

9

Group Funds Management

Property Funds Under Management (FUM) growth

• Total property FUM of $65.5bn

• 2X FUM growth over 5 years despite cap rate volatility

Property FUM growth ($bn)

Property FUM by equity source ($bn)

==> picture [905 x 316] intentionally omitted <==

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

5-year Property FUM CAGR of 16.6%
($6.1bn)
Wholesale 18.5%
80.0
$71.9bn
$71.9bn ($2.4bn) $1.7bn $0.5bn 75.0 Listed 13.7%
70.0 Direct 12.2% $65.6bn $65.5bn
$65.5bn
$10.5bn
65.0
60.0 $10.5bn $8.8bn
$52.3bn $13.3bn
55.0
$12.0bn
$13.5bn
50.0
$40.5bn $8.2bn
45.0 $48.1bn
40.0 $10.8bn $44.7bn
$6.1bn $41.6bn
35.0 $30.4bn
30.0 $8.2bn $33.3bn
$5.0bn
25.0
$6.3bn $26.3bn
20.0
15.0 $19.1bn
10.0
5.0
0.0
Jun-23 Net Property Divestments Acquisitions Capex and Jun-24 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24
Revaluations Developments
Growth 33.2% 29.0% 25.5% 9.5% (8.8%)
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

10

Group Funds Management

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 June 2024	65.5	11.4	1,618	3,266	3.4	8.1	97.9	5.5
30 June 2023	71.9	11.9	1,663	3,252	3.7	8.2	97.9	4.8

Property FUM by equity source

WALE by sector

==> picture [898 x 281] intentionally omitted <==

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

Property FUM by equity source Property FUM by sector WALE by sector
Social
Listed Equities
Infrastructure $0.6bn 10.1 years
Direct Equity $3.9bn 1.0% Anchor WALE 12.6
$8.8bn SC Retail 6.0%
Wholesale Equity 11.6
13.5% $4.0bn
$44.7bn
6.1%
68.2%
Office
$25.1bn 9.3
Net Lease Retail 38.4%
Listed Funds $6.7bn
$12.0bn 10.2%
18.3% 6.3
$65.5bn $65.5bn
4.6
Industrial &
Logistics
$25.1bn
38.4%
SC Retail Office Industrial & Net Lease Social
Logistics Retail Infrastructure
Charter Hall Group
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

11

Group Funds Management

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 Full Year Results

12

Group Funds Management

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 Full Year Results

13

Group Funds Management

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 [293 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 Full Year Results

14

Group Funds Management

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 Full Year Results

15

Group Funds Management

Modern, high-occupancy Social Infrastructure platform

Properties for essential services with low correlation to economic cycle

• 19.5 year WALE achieved on all leasing transactions nationally

• High portfolio occupancy of 99.9%

• 12.6 year WALE across our Social Infrastructure portfolio

• 26% like for like valuation growth since FY20

• Positive industry fundamentals providing future growth opportunities

==> picture [480 x 483] intentionally omitted <==

Geoscience Australia, Narrabundah , Canberra (CLW, CQE & DIF4)

Charter Hall Group 2024 Full Year Results

16

Group Funds Management

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 Full Year Results

17

Group Funds Management

FY24 property transaction activity

$4.1bn of transaction activity, comprising over 75 transactions with 23 active funds/partnerships

($m)		Industrial & Logistics	Office	Net Lease Retail	Shopping Centre Retail	Social Infrastructure / Other	Total
Acquisitions Divestments Net transactions Gross transactions		0.5	0.5	0.1	0.1	0.5	1.7
		(0.8)	(0.8)	(0.1)	(0.3)	(0.3)	(2.4)
		(0.3)	(0.3)	(0.0)	(0.2)	0.2	(0.7)
		1.3	1.3	0.2	0.5	0.8	4.1

==> picture [199 x 114] intentionally omitted <==

Rosebud Plaza, Rosebud (CQR)

==> picture [199 x 114] intentionally omitted <==

Eastgate, Bondi Junction (CQR)

==> picture [199 x 114] intentionally omitted <==

Bunnings, Claremont (DIF4)

==> picture [199 x 114] intentionally omitted <==

Coles Distribution Centre, Edinburgh (DIF4)

Charter Hall Group 2024 Full Year Results

18

Group Funds Management

Development to drive deployment and FUM growth Development completions of $1.3bn over the last 12 months

– 90% of Industrial committed projects are pre-leased[1]

• 69% of Office committed projects are pre-leased[1]

Completion value ($m)

Completion value ($m)
Completions (last 12 months)	Committed projects Uncommitted projects4 Total pipeline5
Industrial & Logistics 836	2,103 4,189 6,292
Net Lease Retail -	- - -
Office2 402	2,779 3,418 6,197
Social Infrastructure 29	- - -
Shopping Centre Retail3 42	42 - 42
Total 1,309	4,924 7,607 12,532

1. Based on GLA (Industrial) and NLA (Office)

2. $1.4bn of uncommitted Office developments have approved DA’s

3. Reflects development spend only and excludes existing centre value

4. Includes potential end value of uncommitted development projects

5. $6.1bn of committed and uncommitted development projects are included in FUM as at 30 June 2024

==> picture [409 x 483] intentionally omitted <==

Artist impression: Chifley Square, South Tower, Sydney (CTT)

Charter Hall Group 2024 Full Year Results

19

3 Property Investment

Eastgate, Bondi Junction (CQR)

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

Charter Hall Group 2024 Full Year Results

20

Property Investment

Property Investment portfolio Property Investment portfolio of $2.8bn

			Portfolio Value	No. of	WALE	Occupancy	WARR	WACR	WADR
			($bn)	Properties	(years)	(%)	(%)	(%)	(%)
30	June	2024	2.8	1,607	7.2	97.4	3.4	5.7	6.8
30	June	2023	3.0	1,576	7.4	97.6	3.6	4.9	6.1

Sector allocation

Geographic allocation

==> picture [835 x 273] intentionally omitted <==

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

Listed Equities
Social Infrastructure $89m NZ
WA
$272m 3.2% 2%
TAS 8%
9.9%
1%
SC Retail ACT
$171m Office 8%
6.2% $1,211m
43.9% SA NSW
40%
4%
Net Lease Retail
$2.8bn $2.8bn
$361m
13.1% VIC
19%
Industrial & Logistics
$654m
23.7%
QLD
17%
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

21

Property Investment

Diversified Property Investment earnings

• Property Investment portfolio provides growth and resilience given quality and strong tenant customer composition

• No single asset is more than 4% of portfolio investments

• 17% of CHPT net income CPI-linked with 3.4% WARR

• Government now makes up ~29% of portfolio income

==> picture [440 x 387] intentionally omitted <==

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

Property Investment earnings
(by sector)
Listed
Equities
6%
Social Infrastructure
10%
Office
45%
SC Retail
8%
Net Lease Retail
12%
Industrial & Logistics
19%
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

22

Property Investment

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 Full Year Results

23

4 Financial Result

555 Collins Street Melbourne (CPOF)

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

Charter Hall Group 2024 Full Year Results

24

Financial Result

Earnings summary

• PI EBITDA increased by 9.1% , excludes co-investment finance costs and elimination of co-investment FM revenue

• DI EBITDA of $36.4m excludes coinvestment finance costs

• FM EBITDA of $271.6m reflects stable management revenue, offset by lower transaction and performance revenue and elimination of co-investment FM revenue

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

• 5.5x EBITDA to finance costs ratio

($m)	FY23	FY24	Change %
PropertyInvestment(PI)EBITDA1	248.5	271.0	9.1%
Development Investment(DI)EBITDA	36.6	36.4	(0.5%)
Funds Management(FM)EBITDA1,2	375.4	271.6	(27.7%)
EBITDA	660.5	579.0	(12.3%)
Depreciation	(8.2)	(11.5)	40.2%
Net finance costs3	(80.8)	(106.0)	31.2%
Operating earnings pre-tax	571.5	461.5	(19.3%)
Tax	(130.3)	(102.8)	(21.1%)
Operating earnings post-tax	441.2	358.7	(18.7%)
Non-operating items
Net fair value movements on investments & property	(220.7)	(461.7)
Other non-operatingitems4	(24.4)	(119.1)
Statutory earnings after tax	196.1	(222.1)
OEPSpre-tax (cps)	121.8	97.6	(19.9%)
OEPSpost tax(cps)	93.3	75.8	(18.7%)
Distributionper security (cps)	42.5	45.1	6.0%
Frankingcredit distribution(cps)	8.2	13.1	59.8%
Payout Ratio	46%	59%

1. Includes elimination of co-investment FM revenue, increasing PI and decreasing PFM (FY24 $38.4m & FY23 $47.9m) 2. Includes PIM NPAT (FY24 $9.8m & FY23 $14.0m)

2. Includes net interest expense on balance sheet borrowings (FY24 $19.8m & FY23 $17.1m) and co-investment share of funds’ interest expense (FY24 $86.2m & FY23 $63.7m) 4. Includes PIM impairment (FY24 $48.4m & FY23 $9.1m), net losses on derivatives (FY24 $43.9m & FY23 $8.5m), amortisation expense (FY24 $23.2m & FY23 $18.7m)

Charter Hall Group 2024 Full Year Results

25

Financial Result

Funds management

• FY23 FM EBITDA included $165.7m of transaction and performance revenue compared to $57.0m in FY24

• Development revenue uplift reflects strong development activity levels

• Leasing revenue decline reflects elevated leasing transaction activity in FY23, occupancy maintained at 97.9%

• Operating expenses reduced reflecting strong cost control

($m)	FY23	FY24	Change %
Funds management revenue	306.3	294.7	(3.8%)
Transaction and performance revenue	165.7	57.0	(65.6%)
Transaction and performance revenue	165.7	57.0	(65.6%)
Investment management revenue	472.0	351.8	(25.5%)
Property, facilities and project management revenue	47.8	49.6	3.8%
Development revenue	29.3	33.6	14.7%
Leasing revenue	30.6	23.4	(23.5%)
Property services revenue	107.8	106.6	(1.1%)
Gross FM revenue	579.8	458.4	(20.9%)
Elimination of co-investment FM revenue	(47.9)	(38.4)	(19.8%)
Operating expenses	(156.5)	(148.4)	(5.2%)
FM EBITDA	375.4	271.6	(27.7%)
FM EBITDA Margin	73.0%	67.6%	(5.4%)
FM EBITDA Margin (ex PF and TX fees)	62.2%	63.0%	0.8%

Charter Hall Group 2024 Full Year Results

26

Financial Result

Balance sheet and return metrics

• Available cash of $383 million

• Strong balance sheet maintained with low gearing at 3.0%

• Investment capacity of $683 million available for fund creation and growth opportunities

• Continued strong return on capital metrics

($m)	30 Jun 2023	30 Jun 2024
Cash	401	383
Property investment	2,951	2,758
Development investment	131	74
Receivables	140	100
Other assets1	314	196
Intangibles	113	113
Total assets	4,052	3,624
Borrowings1	482	482
Other liabilities	315	322
Total liabilities	797	803
Total equity	3,255	2,821
Contributed equity per stapled security	$3.91	$3.91
NTA per stapled security2	$6.28	$5.49
Balance sheet gearing	2.2%	3.0%
Look through gearing	33.6%	37.8%
Headstock investment capacity3	701	683
Return metrics
Return on NTA (pre-tax)4	19.5%	15.5%
Return on NTA (post-tax)4	14.9%	12.1%
Return on contributed equity (pre-tax)5	31.1%	24.9%
Return on contributed equity (post-tax)5	23.8%	19.4%

1. Net of swap mark-to-market of $20m relating to the USPP note and A$MTN (representing USPP and A$MTN repayment values of $231.5m and $250m, respectively)

2. Net tangible assets (NTA) per stapled security ($) is calculated using assets less liabilities, net of intangible assets and related deferred tax

3. Investment capacity calculated as cash plus undrawn debt

5. Return on NTA is calculated as total operating earnings pre-tax/ post-tax per security divided by the opening NTA per security for the 12 months to 30 June 2024

6. Return on contributed equity is calculated as total operating earnings pre-tax/ post-tax per security divided by the opening contributed equity per security for the 12 months to 30 June 2024

Charter Hall Group 2024 Full Year Results

27

Financial Result

Platform capital profile

• $6.6bn of available liquidity plus committed and uncalled equity

• $10.7bn of new and refinanced debt facilities in FY24

• $6.4bn ($3.0bn increase in the period) of sustainable finance facilities, representing ~21% of all platform facilities

• Weighted average gearing across the funds is 34.9%

• Six investment grade external credit ratings currently held with both Moody’s and Standard & Poor’s

Funds platform debt metrics1	30 Jun 2023	30 Jun 2024
Total facility limits ($m)	29,068	30,054
Total undrawn debt ($m)	5,171	5,782
Total cash ($m)	852	795
Weighted average debt maturity (yrs.)2	3.9	3.7
Weighted average cost of debt (%)3	4.4%	4.4%
Weighted average interest rate hedging (%)	59%	62%

Gearing by Equity Source[4]

==> picture [373 x 211] intentionally omitted <==

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

Average Gearing
40.0%
34.9%
35.0% 39.4%
35.5%
30.0%
29.4%
25.0%
20.0%
15.0%
10.0%
5.0%
-
% Property Wholesale Direct 5 Listed 6
FUM
68 % 14 % 18 %
Balance Sheet Gearing (%)
----- End of picture text -----

1. Total platform includes Corporate debt facility limits of $831.5m, drawn to $520.5m, with $383.0m as cash balance 2. Duration is based on facility limits

2. Passing cost of debt includes floating rate, hedge rate, margins, line fee but excludes undrawn line fees and amortised borrowing costs 4. Gearing has been adjusted for any contracted divestments post 30 June 2024

3. Reflects aggregate balance sheet gearing for both Charter Hall Direct and Folkestone Funds 6. Reflects aggregate balance sheet gearing of all listed REITs

Charter Hall Group 2024 Full Year Results

28

5 Guidance

Criterion Industries Glendenning Logistics Estate Glendenning (CLP)

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

Charter Hall Group 2024 Full Year Results

29

Guidance

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 Full Year Results

30

6 Additional Information

Charter Hall Offices

275 George Street, Brisbane (CPOF)

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

Charter Hall Group 2024 Full Year Results

31

Additional Information

Management bench experience Charter Hall Executive Committee (EXCO)

==> picture [72 x 72] intentionally omitted <==

David Harrison Managing Director & Group CEO 37 years industry experience

==> picture [72 x 72] intentionally omitted <==

Sean McMahon

• Chief Investment Officer

• 34 years industry experience

==> picture [62 x 62] intentionally omitted <==

Anastasia Clarke

• Chief Financial Officer

• 32 years industry experience

==> picture [62 x 62] intentionally omitted <==

Avi Anger

• Diversified CEO 21 years industry experience

==> picture [71 x 72] intentionally omitted <==

Carmel Hourigan

• Office CEO 32 years industry experience

==> picture [72 x 72] intentionally omitted <==

Steven Bennett

• Direct CEO 23 years industry experience

==> picture [71 x 72] intentionally omitted <==

==> picture [72 x 72] intentionally omitted <==

==> picture [62 x 62] intentionally omitted <==

Richard Stacker

Natalie Devlin

Ben Ellis

Chief Experience Industrial & Retail CEO Officer Logistics CEO 25 years industry 27 years industry 30 years industry experience experience experience

Charter Hall Group 2024 Full Year Results

32

Additional Information

Charter Hall Group Property Platform[1]

==> picture [484 x 424] intentionally omitted <==

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

$0.2bn
$10.5bn
$4.7bn
$3.0bn
$28.0bn
$16.7bn
$0.7bn
$0.5bn
----- End of picture text -----

==> picture [120 x 172] intentionally omitted <==

1. Excludes Maxim and other smaller investments

Charter Hall Group 2024 Full Year Results

33

Additional Information

Charter Hall investment strategies

Wholesale Listed Funds Direct Funds $59.8bn $12.0bn $9.2bn Pooled Partnerships Listed CPIF Industrial PIM ASX:CLW Industrial $13.1bn $6.5bn $15.1bn $5.8bn $3.7bn CPOF Office ASX:CQR Office $9.4bn $10.8bn $4.0bn $4.1bn Retail ASX:CQE Retail $3.9bn $2.2bn $0.2bn 1 Social Infra/ Other Social Infra/Other $1.0bn $1.2bn

1. Including PIM fund of $0.3bn

Charter Hall Group 2024 Full Year Results

34

Additional Information

Charter Hall sector valuation movement – June 2024

	Valuation	Valuation	Cap rate	Cap rate	June 2024
	movement	movement	increases	increases	cap rate
	(6 months)	(12 months)	(6 months)	(12 months)
Industrial & Logistics	(1.9%)	(6.9%)	28 bps	85 bps	5.3%
Net Lease Retail	(2.3%)	(1.2%)	11 bps	29 bps	5.0%
Office	(5.9%)	(11.9%)	38 bps	77 bps	5.8%
Social Infrastructure	(2.1%)	(5.1%)	25 bps	44 bps	5.2%
Shopping Centre Retail	(0.1%)	(3.3%)	6 bps	31 bps	6.0%
Platform Total	(3.6%)	(8.3%)	28 bps	67 bps	5.5%

Charter Hall Group 2024 Full Year Results

35

Additional Information

Four-year valuation cycle

Cap rate movements more than offset by valuation growth

• On average across all sectors, cap rates have risen over the last two years by almost the same amount they fell during Jun-20 to Jun-22

• Despite this cap rate reversion, most sectors have higher values compared to Jun-20, driven by contracted and market rental growth

• Although Industrial cap rates have been the most volatile, peak to trough ~125bps, Industrial FUM has grown the most due to strong market rent growth

• Office like-for-like (LFL) percentage valuation growth is near flat as income growth is outpaced by materially higher cap rates in Jun-24 compared to Jun-20

Platform Sector LFL valuationgrowth	1
Industrial +32.0%
Office -2.8%
ShoppingCentre Retail +17.2%
Net Lease Retail +26.6%
Social Infrastructure +26.4%
CHC Platform +11.9%
1. Like-for-like (LFL) valuation growth from Jun-20 to Jun-24

Charter Hall sector LFL WACR over the last 4 years

==> picture [585 x 386] intentionally omitted <==

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

6.50%
6.00%
5.50%
5.00%
4.50%
4.00%
3.50%
Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24
Office Industrial Shopping Centre Retail
Net Lease Retail Social Infrastructure CHC Platform
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

36

Additional Information

Scaleand cross sector capability create significant sale and leaseback opportunities Sale and leaseback transactions continue to grow our NNN exposure

Charter Hall sale and leaseback transactions (by tenant industry)

Existing Charter Hall sale and leaseback partnerships

==> picture [415 x 336] intentionally omitted <==

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

Other
Capital Goods 5%
3% Food & Staples
Transportation
Retailing
4%
23%
Retailing
9%
Household &
Personal
Products $11bn
8% in sale & leaseback
transactions
Energy
Government &
19%
Universities
9%
Telecommunication Food, Beverage
Services & Tobacco
9% 11%
----- End of picture text -----

==> picture [427 x 345] intentionally omitted <==

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

Government &
universities
Food & beverage
retail and
production
Transportation &
logistics
Fuel &
Packaging convenience
retail
Other major
corporates &
multinationals
----- End of picture text -----

Charter Hall Group 2024 Full Year Results

37

Additional Information

Wholesale pooled and partnerships property funds

==> picture [47 x 47] intentionally omitted <==

Gearing[1] 35.5% WALE 7.9yrs CHC investment $1.7bn

FUM $44.7bn

==> picture [55 x 45] intentionally omitted <==

Occupancy 97.3%

==> picture [53 x 42] intentionally omitted <==

Cap rate 5.3%

==> picture [49 x 45] intentionally omitted <==

==> picture [376 x 436] intentionally omitted <==

Australia Post headquarters, 480 Swan Street, Richmond, Melbourne (CPOF)

1. Gearing has been adjusted for any contracted divestments post 30 June 2024

Charter Hall Group 2024 Full Year Results

38

Additional Information

Major wholesale property investment portfolio returns Relative to sector specific IPD/MSCI Core Wholesale indices

==> picture [903 x 302] intentionally omitted <==

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

15.6%
14.6%
10.3% 10.6% 10.6%
7.7%
5.2%
1.5% 1.4% 1.4%
0.5% 0.5%
CHOT CPOF CPIF CLP LWHP LWIP
5 years 5 years 5 years 5 years 5 years 5 years
Net Return (% p.a) MSCI/IPD Sector Benchmarks
----- End of picture text -----

Office (% p.a) Industrial (% p.a)

Net Lease Retail (% p.a) Benchmark (% p.a)

Charter Hall Group 2024 Full Year Results

39

Additional Information

Listed property funds

==> picture [47 x 47] intentionally omitted <==

FUM $12.0bn

Occupancy 99.3%

==> picture [53 x 42] intentionally omitted <==

Cap rate 5.5%

==> picture [55 x 45] intentionally omitted <==

==> picture [49 x 45] intentionally omitted <==

Gearing[1] 29.4%

WALE 9.6yrs

CHC investment[2] $0.7bn

==> picture [376 x 436] intentionally omitted <==

Bunnings, Caboolture (CLW)

1. Reflects aggregate balance sheet gearing of all listed REITs. Gearing has been adjusted for any contracted divestments post Jun-24

2. Held at accounting value not market value

Charter Hall Group 2024 Full Year Results

40

Additional Information

Direct property funds

==> picture [47 x 47] intentionally omitted <==

FUM $8.8bn

Occupancy 98.9%

==> picture [53 x 42] intentionally omitted <==

Cap rate 5.9%

==> picture [55 x 45] intentionally omitted <==

==> picture [49 x 45] intentionally omitted <==

Gearing[1] 39.4% WALE 7.2yrs

CHC investment $0.3bn

==> picture [376 x 436] intentionally omitted <==

Woolworths, Translink Distribution Centre, Translink (DIF4 & CPIF)

1. Direct gearing includes both Charter Hall and Folkestone Direct Funds and has been adjusted for contracted divestments post 30 June 2024

Charter Hall Group 2024 Full Year Results

41

Additional Information

Direct funds have returned an average of 6.9% p.a. since inception

25%

==> picture [22 x 8] intentionally omitted <==

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

20%
----- End of picture text -----

==> picture [874 x 285] intentionally omitted <==

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

14.4%
15%
13.2%
9.8%
10% 9.1%
7.7% 7.4%
6.3%
5.6% 5.6% 5.8%
5% 3.8% 4.0%
3.2% 3.0%
1.9%
0.6%
-
(2.8%)
(5%)
(4.6%)
(10%)
DOF 1 PFA1 DIF31 DIF4 BW Trust LWF WPS1 WPS2 Maxim2
2014-2024 2017-2024 2014-2024 2016-2024 2014-2024 2017-2024 2020-2024 2022-2024 2014-2024
Australian Office Australian Office Australian Industrial & Australian Industrial & Australian Industrial & Australian Diversified Australian Diversified Australian Diversified Australian Diversified
Logistics Logistics Logistics
3 4
Direct Fund (% p.a.) Benchmark (% p.a.)
----- End of picture text -----

1. Returns refer to the following unit classes; DIF3 – Wholesale, PFA – Ordinary and DOF – Wholesale A.

2. Benchmark refers to S&P/ASX 300 A-REIT Accumulation Index. Charter Hall Maxim Property Securities Fund and Benchmark Index returns series as at June 2024, over the past 10-year return period. Past performance is not a reliable indicator of future performance. 3. DOF, DIF3, DIF4, LWF – returns assume Bonus Units or Entitlement Offer as per respective PDS.

3. Benchmark refers to the headline MSCI/IPD Unlisted Core Wholesale Property Fund Index returns series as at June 2024, since the respective fund inception dates. Years shown are indicative of inception year to 30 June 2024, though returns are as at exact inception date. Past performance is not a reliable indicator of future performance.

Charter Hall Group 2024 Full Year Results

42

Additional Information

CHPT Property Investment portfolio

	Ownership stake (%) Charter Hall Investment ($m) Charter Hall PI Net Income ($m) Charter Hall PI EBITDA ($m) WALE (years) WACR (%) WADR (%) WARR (%) PI Net Income Yield1 (%)
	Industrial & Logistics
	Charter Hall Prime Industrial Fund (CPIF) 1.3 110.2 4.1 6.7 9.7 5.1 7.0 3.2 3.5
	Charter Hall PGGM Industrial Partnership (CHPIP) 12.0 33.9 1.1 3.2 7.6 5.6 7.0 3.0 2.5
	CoreLogisticsPartnership (CLP) 4.9 83.7 5.2 10.6 9.0 5.1 7.0 3.2 3.7
	Long WALE Hardware Partnership (LWHP) 16.8 217.4 7.7 16.7 5.7 5.0 6.2 2.6 3.2
	Charter Hall Direct Industrial Fund No. 4 (DIF4) 1.8 33.3 1.2 2.0 9.6 5.4 7.0 3.1 4.5
	Office
	Charter Hall Prime Office Fund (CPOF) 4.8 230.4 13.2 23.8 6.5 5.7 6.7 3.5 4.5
	Charter Hall Office Trust (CHOT) 15.7 224.2 10.4 26.9 7.4 5.2 6.6 3.6 3.7
	Charter Hall Direct PFA Fund (PFA) 12.6 120.8 9.8 16.8 5.4 6.4 7.1 3.5 5.7
	52 Martin Place 50.0 120.3 1.9 5.9 31.0 4.8 6.5 3.8 3.9
	Charter Hall Direct Office Fund (DOF) 8.7 115.2 9.6 15.1 5.8 6.1 6.8 3.6 5.9
	Brisbane Square Wholesale Fund (BSWF) 16.8 110.9 5.6 13.6 9.6 5.4 6.6 3.3 4.2
	Charter Hall Genge Office Trust (CHGOT) 49.9 71.0 6.9 11.2 3.4 5.9 7.0 3.5 8.8
	Other Office investments3 96.4 5.4 12.4 n/a n/a n/a n/a n/a
	Shopping Centre Retail
	Charter Hall Retail REIT (ASX:CQR)4, 5, 8 9.3 241.1 15.9 27.2 7.2 5.8 7.0 4.0 5.8
	Net Lease Retail
	CH DJ Trust (CHDJT)2 21.6 61.1 2.4 5.9 16.7 5.1 6.8 2.5 3.5
	HPI 50.0 46.0 1.4 2.3 n/a n/a n/a n/a n/a
	Other Net Lease Retail investments 18.9 1.0 1.3 n/a n/a n/a n/a n/a
	Social Infrastructure
	Charter Hall Social Infrastructure REIT (ASX:CQE)4 8.6 119.2 5.1 9.6 12.4 5.4 n/a 3.49 4.1
	Charter Hall Exchanges Trust (CHET) 6.5 28.8 1.7 2.4 16.2 4.6 6.1 6.5 4.5
	Other Social Infrastructure 78.8 5.2 5.2 n/a n/a n/a n/a n/a
	Diversified
	Charter Hall Long WALE REIT (ASX:CLW)4 10.6 350.4 19.9 36.1 10.5 5.4 5.8 4.3 4.7
	Charter Hall DVP Fund (DVP) 13.2 61.0 1.0 4.0 6.3 4.1 4.9 3.4 1.4
	Charter Hall PGGM Industrial Partnership 2 (CHPIP2) 12.0 83.5 3.3 8.5 4.8 5.8 6.8 3.3 3.4
	Other investments6 101.7 9.1 3.5 n/a n/a n/a n/a n/a
	Property Investment Total 6.97 2,758.2 148.1 271.0 7.2 5.7 6.8 3.4 4.7

1. PI Net Income Yield is calculated as operating earnings divided by weighted average investment during the period. Excludes MTM movements in NTA during the year

2. Ownership stake reflects look-through ownership of the property via 43.2% ownership in CH DJ Trust

3. Includes 242X, 201E, CHAIT, CCT, No.1 Brisbane, CHKIP, CHAB241A and CHCOT

4. Held at accounting value not market value

Refers to contracted weighted average rent reviews of the specialty tenants only

Includes DVAP, DVAP3, Maxim, Maxim Property Income Fund, LWF, DVP2, CHALWF, RP2 and others

Reflects CHPT percentage of total equity under management

Discount rate for shopping centres only

• Weighted average rent review on like-for-like properties for FY24

Charter Hall Group 2024 Full Year Results

43

Additional Information

CHPT Property Investment portfolio – future disclosure format

	Ownership stake (%)	Charter Hall Investment ($)	Charter Hall PI EBITDA Income ($m)	WALE (years)	WACR (%)	WADR (%)	WARR (%)
Industrial & Logistics	4.0	653.7	57.0	8.3	5.2	6.7	3.1
Office	10.4	1,211.1	135.7	6.2	5.8	6.7	3.5
Shopping Centre Retail	6.7	171.2	21.3	4.8	6.1	7.0	2.8
Net Lease Retail	7.2	361.3	32.4	12.4	4.9	6.8	4.3
Social Infrastructure & Other1,2	8.4	361.0	24.5	6.4	7.3	7.3	3.5
Property Investment Total	6.93	2,758.2	271.0	7.2	5.7	6.8	3.4

1. Includes Listed Equities investments

2. Property Stats relate to Social Infrastructure portfolios only

3. Reflects CHPT proportionate co-investment in total equity under management

Charter Hall Group 2024 Full Year Results

44

Additional Information

Major fund performance review testing periods

Major fund performance review testing periods	Major fund performance review testing periods	Major fund performance review testing periods
Fund Testingfrequency
Counter Cyclical Trust(CCT) FY25		FY25
	Charter Hall Direct Office Fund(DOF) 5yearly– FY25, etc
Brisbane Square Wholesale Fund(BSWF) 3yearly– FY25, FY28 etc
Charter Hall 242 Exhibition St Trust(242X) 3yearly– FY25, FY28 etc
Charter Hall Exchanges Trust(CHET) FY25
Charter Hall Direct Industrial Fund No. 3(DIF3) FY25
Charter Hall Prime Industrial Fund(CPIF) 3yearly– FY25, FY28 etc
Charter Hall DVP Fund(DVP) 7yearly– FY26, etcplus individual asset divestments		FY26
LongWALE Hardware Partnership (LWHP) 4yearly– FY26, etc
Charter Hall Direct Industrial Fund No. 4(DIF4) 5yearly– FY27, etc		FY27
Core Logistics Partnership (CLP) 3yearly– FY27, etc
Charter Hall PGGM Industrial Partnerships(CHPIP 1 & 2) 8yearly– FY27, etc
Charter Hall Prime Office Fund(CPOF) 3yearly– FY27, etc
Charter Hall Office Trust(CHOT) FY27
Charter Hall Direct PFA Fund(PFA) 5yearly– FY28, etcplus individual asset divestments		FY28
60 KingWilliam Trust 7yearly– FY27, etc
Charter Hall Direct LongWALE Fund(LWF) 5yearly– FY28, etc
Charter Hall DVP2 Fund(DVP2) 4yearly- FY29, etc		FY29
BW Trust 5yearly- FY29, etc
Retail PartnershipSeries 6(RP6) 7yearly- FY29, etc
Charter Hall Wholesale Telco Exchange Portfolio(TEF) 5yearly- FY29, etc

Charter Hall Group 2024 Full Year Results

45

Additional Information

Fund key and glossary

Listed entities

	Listed entities
	ASX:CHC Charter Hall Group
	ASX:CLW Charter Hall Long WALE REIT
	ASX:CQR Charter Hall Retail REIT
	ASX:CQE Charter Hall Social Infrastructure REIT

Direct funds

Direct funds
DOF	Charter Hall Direct Office Fund
PFA	Charter Hall Direct PFA Fund
DIF2, DIF3, DIF4	Charter Hall Direct Industrial Fund series
BW Trust	BW Trust
LWF	Charter Hall Direct Long WALE Fund
WPS1, WPS2	Charter Hall Wholesale Property series
MAXIM	Charter Hall Maxim Property Securities Fund

Glossary

Glossary
CAGR	Compound Annual Growth Rate
DI	Development Investments
FUM	Funds Under Management
NTA	Net Tangible Assets
OEPS	Operating Earnings per Security
FM	Funds Management
PI	Property Investments
PIM	Paradice Investment Management
WACR	Weighted Average Cap Rate
WADR	Weighted Average Discount Rate
WALE	Weighted Average Lease Expiry
Charter Hall Group WARR	Weighted Average Rent Review
~~2024 Full Year Results~~

Wholesale funds

Wholesale funds
BSWF	Brisbane Square Wholesale Fund
CCT	Charter Hall Counter Cyclical Trust
CHAB247	Charter Hall Abacus 247 Adelaide Street Trust
CHAIT	Charter Hall Australian Investment Trust
CHCOT	Charter Hall Canberra Office Trust
CHKIP	Charter Hall Koala Investment Partnership
CHOT	Charter Hall Office Trust
CPOF	Charter Hall Prime Office Fund
CTT	Charter Hall Chifley Tower Trust
CHGOT	Charter Hall Genge Office Trust
CHALWF	Charter Hall ALDI Logistics Wholesale Fund
CLP	Core Logistics Partnership
CHPIP1, CHPIP2	Charter Hall PGGM Industrial Partnerships
CPIF	Charter Hall Prime Industrial Fund
BPH	Charter Hall Bunnings Holding Trust
LWHP	Long WALE Hardware Partnership
CPRF	Charter Hall Prime Retail Fund
RP1, RP2, RP6	Retail Partnership series
DVAP	Charter Hall DVAP Fund
CHAP1	Charter Hall AREIT Partnership No. 1
DVP, DVP2	Charter Hall DVP Fund Series
CHET	Charter Hall Exchanges Trust
CHAPF	Charter Hall Ampol Property Fund
BPP	Charter Hall bp Partnership
LWIP, LWIP2	Long WALE Investment Partnership series

46

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 Full Year Results

47