CHARTER HALL GROUP - Investor Presentation 2021

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Charter Hall Group Development Showcase

31 March 2021

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David Harrison
Managing Director
& Group CEO
Carmel Hourigan
Office CEO
Andrew Borger
Head of Development
- Office
Richard Stacker
Industrial &
Logistics CEO
Andrew Simons
Head of Development
– Industrial &
Logistics
Charter Hall Group
2021 Development Showcase
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Agenda

Welcome and Overview of Development at Charter Hall
Office Platform – How Development adds value
Office Development Strategy; Opportunities; Case Studies
Office Q&A
Industrial & Logistics Platform – How Development adds value
Industrial & Logistics Development Strategy; Opportunities; Case Studies
Industrial & Logistics Q&A

Cover: Artist impression, 555 Collins Street, Melbourne

Left: MidWest Logistics Hub 500 Dohertys Road, Truganina

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Charter Hall Group
2021 Development Showcase
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Welcome and Overview of Development at Charter Hall

David Harrison, Group Managing Director & Group CEO

MidWest Logistics Hub 442-540 Dohertys Road Truganina

Overview of Development at Charter Hall

Development within the $46.4bn Charter Hall strategic framework

Attracting capital through access to a development pipeline of stock not available on-market
– Newer assets with less obsolescence risk
Access – Development gains retained within funds leading to better returns
– Benefits of cross-sector tenant customer relationships
– Deal sourcing and execution teams that provide off-market opportunities
–
Deploy Pipeline of future opportunities for on-going deployment of capital

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Manage

Inhouse development capabilities securing opportunities and managing process
– De-risked projects secured through tenant pre-commitments
– Tier 1 Builders that deliver against fixed-price contracts
Investment in people and capability to provide development opportunities
– Co-investment partner sharing in development gains
– Securing and warehousing opportunities that sit outside fund mandates
Invest

Overview of Development at Charter Hall

Development platform attracts capital and enhances returns

Development has become an increasing proportion of fund growth

NSW and VIC account for 74% of development during the period

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Development completed by state Cumulative development completions by sector
FY15 – 1HFY21 FY15-1HFY21
$3.0bn
WA Office, $2.8bn
SA 3%
9%
$2.5bn
TAS
1%
$2.0bn
Industrial &
Logistics,
$1.7bn
NSW $1.5bn
43%
$5.0bn
VIC $1.0bn
31%
$0.5bn Long WALE
Retail,
$0.3bn
$0.0bn
NT
QLD
1%
12%
Industrial & Logistics Office Long WALE Retail
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Charter Hall Group 2021 Development Showcase

Overview of Development at Charter Hall

Development – committed and uncommitted

– $3.6bn of committed development represents projects that have been pre-leased and construction commenced

$3.4bn of uncommitted represents captive opportunities that provide a pathway to further committed developments

Note: All figures as at 31 December 2020.

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Total uncommitted pipeline
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Total committed pipeline

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Shopping Centre Retail Shopping Centre Retail
Social Infrastructure 0.5% Social Infrastructure 1%
5% 1%
Industrial & Logistics
Industrial & Logistics
30%
36%
$3.6bn $3.4bn
Long WALE Retail Office
2%
62%
Office
63%
CQE RP6 CQE CQR
CLW 10% 1% 1% 1%
BP1 1% CPIF
1% CPIF Mandates 23%
Mandates 23% 19%
8%
DIF4
PFA
2%
4%
PFA DIF4
10% $3.6bn 6% $3.4bn
CLP
CLP 8%
0% Other
2%
CCT
CHOT 18%
13% CPOF
26% CPOF
22%
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Charter Hall Group 2021 Development Showcase

Overview of Development at Charter Hall

New office development analysis – Developments under construction

Tenant customers continue to seek quality accommodation

Pre-commitments Analysis (Box Size by NLA%)

Occupier growth in pre-lease tenants

Financial services tenants represent the majority of pre-lease lease accommodation
Government sector occupiers have also anchored modern and quality developments. Charter Hall accounts for 45% of national government office pre-lease projects under construction

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Consolidation, centralisation and organic growth in business requirements have resulted in tenant customers trading up to more space in newer developments

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iQ Westmead, 158-164 Hawkesbury Road, Westmead

Source: Charter Hall Research (March 2021). CBD markets and Parramatta.

Charter Hall Group

2021 Development Showcase

Overview of Development at Charter Hall

Accelerated structural trends driving industrial & logistics demand

Charter Hall platform benefiting from major structural shifts

Total food turnover ($ million)

Online retail penetration (%)

Goods and services consumption growth (%)

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Online retailing reached levels not expected for 4-to-6 years. 10.0 $ millions % of total turnover
$15,000 50%
In the 12 months to January, an estimated $45.6bn was spent online across Australia – 5.0
approximately 49.1% higher than the 12 months to January 2020. $14,000 48%
0.0
$13,000 46%
~2.0x
Online penetration -5.0 There was no recession in goods $12,000 Food turnover makes up 41% of 44%
doubled with new consumption. total retail turnover, hence our
market entrants, -10.0 focus
expanded omni-channel $11,000 42%
strategies and impacts
14% of COVID-19 -15.0 $10,000 40%
Goods consumption (%) Food turnover
12% impact of Implied -20.0 Services consumption (%) $9,000 Share of total retail turnover - RHS (%) 38%
~2.0x COVID-19 -25.0 $8,000 36%
10% Online penetration Dec-12 Dec-14 Dec-16 Dec-18 Dec-20 Dec-12 Dec-14 Dec-16 Dec-18 Dec-20
doubled in post-GFC Based on
period, strong AUD 5-year
and increased growth rate
8% adaption
Other major trends in a Post COVID-19 world
~0.4x
6% Moderate growth led by online pure-play – Increased buffer stock - Efficient inventory volumes and continuity plans will now be reassessed
operators / deal sites in the wake of COVID-19 to mitigate future supply chain disruptions risks
4%
–
Onshoring - non-discretionary essential product manufacturing has expanded domestically.
Continuity plans are also in focus across the food production and pharmaceutical sectors
2%
–
Digitalisation and data centres - Digital infrastructure requirements could grow 39x by 2030 [1]
0%
2005 2010 2015 2020
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Online retailing reached levels not expected for 4-to-6 years.

In the 12 months to January, an estimated $45.6bn was spent online across Australia – approximately 49.1% higher than the 12 months to January 2020.

Source: NAB, ABS

Bentley Advisory, Charter Hall Research.

Charter Hall Group

2021 Development Showcase

Overview of Development at Charter Hall

The Charter Hall competitive advantage

Cross-sector tenant relationships drive development opportunities

Gross Rent (%)	12.5%	6.4%	5.9% 5.2%	5.1% 3.3% 2.7% 2.1% 1.9% 1.8% 1.6% 1.5% 1.5% 1.4% 1.1% 1.0% 0.8% 0.8% 0.7% 0.7% Top 20 platform tenants by net income	5.1% 3.3% 2.7% 2.1% 1.9% 1.8% 1.6% 1.5% 1.5% 1.4% 1.1% 1.0% 0.8% 0.8% 0.7% 0.7% Top 20 platform tenants by net income
	Government	Woolworths	Wesfarmers Coles Group	Telstra AMPOL BP ALDI Macquarie Group	Metcash Inghams Amazon Goodstart Early Learning Common- wealth Bank Suncorp A.P. Eagers Arnott's Visy Coca Cola Secure Parking
Industrial & Logistics	10.2%	25.1%	14.3% 49.5%	0.1% - - 86.5% -	99.4% 100% 10.0% - - - 100% 100% 100% 100% -
Long WALE Retail	-	40.7%	68.5% 10.5%	- 100% 100% - -	- - - - - - - - - - -
Office	89.0%	0.6%	0.3% 7.8%	72.2% - - - 100%	- - 90.0% - 90.1% 100% - - - - 100%
Social Infrastructure	-	-	- -	25.9% - - - -	- - - 100.0% - - - - - - -
Shopping Centre Retail	0.8%	33.6%	16.8% 32.2%	1.9% - - 13.5% -	0.6% - - - 9.9% - - - - - -
Total	100%	100%	100% 100%	100% 100% 100% 100% 100%	100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Note: All figures as at 31 December 2020.

Charter Hall Group

2021 Development Showcase

Overview of Development at Charter Hall

Development Investment (DI) earnings contribution

DI EBITDA an on-going contributor to Group earnings

Projects that initially did not fit into existing fund development mandates where the Group took initial development ownership

Office

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60 King William Street, Adelaide

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6 Hassall Street, Parramatta

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Industrial
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Coles Fulfilment Centre, Horsley Park

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Bunnings Distribution Centre, Bringelly

Long WALE Retail

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Miller Road, Altona

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Innovation Quarter (iQ), 158-164 Hawkesbury Road, Westmead

Charter Hall Group 2021 Development Showcase

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Charter Hall Group
2021 Development Showcase
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Office Platform – How Development adds value Carmel Hourigan, Office CEO

130 Lonsdale Street, Melbourne

Office Development

Office capability and team

Large national team with extensive capabilities and track-record

140+ team of Commercial specialists

Expertise across transactions, development, asset management, property management, capital works, marketing & customer experience and sustainability.

Driven customer focused culture with a focus on team diversity, professional development and innovation.

• Leading investment manager

$21.2bn office portfolio comprising 74 assets spread over 1.6m sqm of NLA.

• Track-record of transacting

82 acquisitions worth $10.0bn and 36 divestments worth $3.1bn undertaken over the past 5.5 years.

• Landlord of choice

Received 79% in March 19 tenant customer satisfaction survey.

74 Sydney

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28
Asset & Property
Funds Development Melbourne
Management,
Management Management
Capital Works
19
Brisbane
15
3 23 11
Perth
Marketing &
Transactions Accounting
Customer 5
Management & Finance
Experience Adelaide
Top 4 Australian
Divestments $21.3bn $21.2bn Office Managers [1]
24%
$15.5bn
$12.9bn
$13.1bn
Gross Transactions
Over 5.5-years
76%
Acquisitions
Peer 1 Charter Hall Peer 2 Peer 3
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Based on publicly disclosed information as at 31 December 2020.

Charter Hall Group 2021 Development Showcase

Office Development

Charter Hall manages Australia’s most resilient office portfolio

Largest manager of Australian office for third-party capital, with a market leading exposure to government tenants and longest WALE vs key peers

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Largest manager of Australian office for Market leading exposure to government
Longest WALE vs comparable portfolios
third-party capital tenants
Office AUM ($bn) [1] Office exposure to government tenants (% net income) Office WALE (years) [2]
1 $21.2bn $21.2bn 1 26% 1 6.7 yrs
2 $8.5bn $21.3bn 2 15% 2 6.7 yrs
3 $8.0bn $15.5bn 3 14% 3 5.1 yrs
4 $9.0bn $12.9bn 4 7% 4 4.2 yrs
External Balance sheet
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Source: December 2020 results.

Co-investment stakes in funds included in external AUM.DXS AUM adjusted for assets held for sale (Grosvenor Place, Sydney & 60 Miller Street, North Sydney). 2. By income.

Charter Hall Group

2021 Development Showcase

Office Development

We deliver outperformance to our fund investors

CPOF has consistently outperformed the MSCI core office benchmark

Total returns per annum – Core Unlisted Office Funds vs. MSCI Core Office Index (to January 2021)

5 years	7 years	10 years














CPOF AWOF GWOF ICPF APPF MSCI	CPOF AWOF GWOF ICPF APPF MSCI	CPOF AWOF GWOF ICPF APPF MSCI

Source: MSCI

Charter Hall Group 2021 Development Showcase

Office Development

CPOF has delivered $1.9bn of value creation above contributed equity Tactical shift to higher quality, modern assets through capital recycling and developed to core

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$bn
Legend
7.5 # Asset Acquisition
7.0 # Asset Disposal
# Developed to Core (completed)
NTA plus
6.5
# Development Pipeline distributions
6.0
5.5
5.0
4.5
Contributed
Equity
4.0
3.5
Contributed
3.0 Equity
2.5
2.0
1.5
1.0
0.5
-
Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Dec-20
Cumulative Contributed Equity NN T A plus recognised profitA Plus Distributions GAV
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Charter Hall Group 2021 Development Showcase

Office Development

CPOF’s development projects have delivered enhanced returns to investors Develop to Core strategy has contributed an average of 25% to annual investor returns over the last 5 years

Development contribution to CPOF returns

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16.8%
20.9% 20.3%
31.4%
35.9%
83.2%
79.1% 79.7%
68.6%
64.1%
FY16 FY17 FY18 FY19 FY20
Income & Core Capital Return Development Returns
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Value Creation
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Western Sydney University, Parramatta

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Enhanced returns
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130 Lonsdale Street, Melbourne

Charter Hall Group 2021 Development Showcase

Office Development

Flight to quality – Divergent impact of downturns

Economic downturns historically trigger a flight to quality in both occupier and investor demand

Age Profile of CBD Office Buildings (% of total stock)

Average Prime Grade Building Age (years)

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50%
40%
30%
20%
10%
0%
Sydney Melbourne Brisbane Adelaide Perth
< 5 Years 6-10 Years 11-15 Years 16-25 Years 26-35 Years 35+ Years
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Direct Vacancy Rate of CBD Office Buildings (by age)

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25%
Market: < 10 Years 22.2%
Market: > 10 Years
20% CPOF - 3.3%
CHOT - 3.4%
14.9%
15%
12.2% 12.3% 12.4% 11.9%
9.3%
10%
5% 3.4% 3.5%
1.9%
0%
Sydney Melbourne Brisbane Adelaide Perth
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Source: JLL, Charter Hall Research (4Q20).

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25
21 21
20
20 17 17
15 11 11 13
10 7 6 7 6
3
5 1
0
Sydney Melbourne Brisbane Adelaide Perth
Market CPOF CHOT
Occupied stock (millions, sqm)
10
9
8
7
6
5
4
Prime Secondary
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
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Occupied stock (millions, sqm)

Charter Hall Group 2021 Development Showcase

Office Development

Charter Hall have deep development experience and develop to core within funds

Projects completed 100% leased; Average WALE of 11.2 years and delivered significant valuation gains

100% pre-leased prior to completion

100% pre-leased at construction commenced

100% leased 6mths post PC

100% pre-leased 12mths prior to completion

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333 George Street, Sydney

Grade	A-Grade
NLA	14,523 sqm
Valuation on completion	$296.0m
Occupancy	100%
WALE on completion	8.8 years

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169 Macquarie Street, Parramatta

Grade	A-Grade
NLA	26,498 sqm
Valuation on completion	$253.0m
Occupancy	100%
WALE on completion	15 years

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GPO Exchange, Adelaide

Grade	A-Grade
NLA	25,788 sqm
Valuation on completion	$260.0m
Occupancy	100%
WALE on completion	11 years

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130 Lonsdale Street, Melbourne

Grade	Premium
NLA	60,590 sqm
Valuation on completion	$738.0m
Occupancy	100%
WALE on completion	10.8 years

Charter Hall Group 2021 Development Showcase

Office Development

Charter Hall maintain strong cross-sector customer relationships

We have leveraged our deep, cross sector tenant relationships to achieve pre-commitments for our market leading development pipeline

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30-55 Main Beach 28B McPherson Street,
Road, Pinkenba Banksmeadow
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140 Lonsdale Street, Melbourne

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Grade A-Grade
NLA 22,760 sqm
Val. on
~$388m
completion
NLA $/sqm $17,000
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570 Bourke Street, Melbourne Brisbane

343 Albert Street,

60 King William Street, Adelaide

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Grade A-Grade
NLA 42,687 sqm
Val. on
~$413m
completion
NLA $/sqm $9,670
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2 Park Street, Sydney

2 Market Street, Sydney

555 Collins Street, Melbourne

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Grade A-Grade
NLA 51,606 sqm
Val. on
~$720m
completion
NLA $/sqm $13,950
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171 Collins Street, Melbourne

GPO Exchange, Adelaide

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Grade A-Grade
NLA 25,788 sqm
Val. on
$260m
completion
NLA $/sqm $10,000
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Charter Hall Group

2021 Development Showcase

Office Development Strategy; Opportunities; Case Studies Andrew Borger, Head of Development – Office

Artist impression: 60 King William Street, Adelaide

Charter Hall Group 2021 Development Showcase

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Office Development
Charter Hall Group
2021 Development Showcase
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Office Development as value-add driver

Identify, secure, convert and deliver Develop to Core product providing superior returns and assets.

Achieved through:

Add value to existing portfolio
Assess potential value adds for Acquisition DD
Originate on and off market site acquisition
Create repeat leasing with existing tenant customers
Originate and deliver scale Higher Education and Life Science projects
Deliver projects
Oversee project delivery for third party developments acquired by Charter Hall managed Funds

Raine Square, Perth

Office Development

Office development pipeline - committed

Australia’s largest office development portfolio under construction by NLA: $2.25bn under construction, Total NLA 173,215 and 60% Office pre-commit

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150 Lonsdale Street, Melbourne Total NLA: 696 On Comp GAV ($m): 91

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6 Hassall Street, Parramatta

Total NLA: 28,910 On Comp GAV ($m): 340

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555, Collins Street (North), Melbourne Total NLA: 51,606 On Comp GAV ($m): 720

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60 King William Street, Adelaide Total NLA: 42,687 On Comp GAV ($m): 413

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140 Lonsdale Street, Melbourne Total NLA: 22,760 On Comp GAV ($m): 388

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iQ, Westmead Total NLA: 11,743 On Comp GAV ($m): 103

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Safecom, Adelaide Total NLA: 6,532 On Comp GAV ($m): 80

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Mater, Brisbane Total NLA: 8,281 On Comp GAV ($m): 113

Charter Hall Group 2021 Development Showcase

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Office Development
Charter Hall Group
2021 Development Showcase
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Office development pipeline - uncommitted Further $2.25bn of future pipeline

Projects	Status	State	NLA (sqm)
360 Queen Street	DA approved	QLD	44,150
iQ, Westmead Stage 2	DA approved	NSW	16,757
iQ, Westmead Stage 3	DA to be lodged	NSW	14,384
555 Collins Street (South)	DA approved	VIC	35,228
343 Albert Street	DA approved	QLD	43,871
309 North Quay	DA submitted	QLD	50,893
Total			205,283

Artist impression: 360 Queen Street, Brisbane

Office Development

Demand for office space varies by industry - growth is expected to be led by tech, healthcare and government tenant customers

Five year growth in occupier demand (sqm)

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1,200,000
116,883 1,048,777
1,000,000
21,407
26,818
30,669
39,872
60,107
800,000 62,938
69,947
73,946
600,000
120,585
425,605
400,000
200,000
-
Professional, Scientific Accommodation and Administrative and Public Administration Health Care and Financial and Education and Construction Information Media and Rental, Hiring and Real Other Services Total
and Technical Food Services Support Services and Safety Social Assistance Insurance Services Training Telecommunications Estate Services
Services
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Source: JLL, DAE, Charter Hall research as at August 2020.

Other includes: Rental, Hiring & Real Estate Services, Construction, Financial & Insurance Services, Transport, Postal & Warehousing, Information, Media & Telecoms, Other Services and Admin & Support Services.

Charter Hall Group

2021 Development Showcase

Office Development

Charter Hall Office top tenant customers

Primarily exposed to high quality government or blue-chip tenants in resilient industries

Charter Hall Office platform – top 20 tenant customers by net income

26.0%

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8.6%
4.4%
3.2% 3.0% 2.6%
1.6% 1.6% 1.5% 1.4% 1.3% 1.3% 1.1% 1.1% 1.0% 1.0% 1.0% 0.9% 0.9% 0.9%
Top 20 tenants % of office platform rent [1] % Office rent from government tenants Unique government tenants Average tenant retention since Jun-15
64% 26% 57 76%
Government
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Source: Company information as at 31 December 2020. 1. Government includes tenancies with multiple agencies .

Charter Hall Group

2021 Development Showcase

Office Development

Deep relationships across government tenant customers

26% of Office rent from government tenant customers

Top 15 government tenant customers (by rent)

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$35m Office
$30m
Industrial & Logistics
$25m $24m
Shopping Centre Retail
$16m
$14m
$13m $12m
$9m $8m $8m $7m $6m $5m $5m
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Government leases by levels

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Local
8%
Federal
43%
State
49%
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Government leases by sector

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Industrial
23%
Office
77%
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Government leases by location

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Other
WA
4%
6%
QLD
19%
NSW
52%
VIC
19%
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Source: Company information as at 31 December 2020.

Charter Hall Group 2021 Development Showcase

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Office Development
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Charter Hall Group
2021 Development Showcase
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Technology for the new breed of digital tenant

Delivering Australia’s smartest office buildings that future proofs business and seamlessly supports staff.

Touch-less access
Cyber security
Artificial Intelligence (AI)
Number plate recognition
Electric vehicle charging
Facial recognition / biometric security
Internet of things (IoT)
Seamless WI-FI
Interactive holographics
Wired score
Data and dashboards
Building App – Charli

Office Development

Future proofing our portfolio via sustainability initiatives

Largest Portfolio by NLA of 6 star Green star developments in Australia

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WELL accreditation

CHOT and CPOF assets have been registered for a WELL Portfolio rating with Brisbane and Melbourne workplaces registered for WELL Certification. In addition, 130 Lonsdale Street, GPO Exchange, 555 Collins Street, Innovation Quarter Westmead and 6 Hassall Street have been registered for individual buildingcertification

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Potential cross sector initiatives, including solar and battery strategy to generate green power on our industrial assets for office base building loads
Energy Committee addressing current and projected energy requirements with regard to volatility in energy market due to transition to low carbon economy and uncertainties with national energy policy

Renewable energy

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Sustainable portfolio

8 office funds in top 11 portfolios in NABERS Sustainable Portfolios index and average NABERS Energy rating of 4.88 stars across the office platform
6 office funds also responded to the Global Real Estate Sustainability Benchmark (GRESB) in 2020
Piloted programs to improve NABERS waste, water and energy ratings towards 6 star (e.g. 171 CollinsStreet)
Undertaken review of tenant carbon reduction commitments and engaging with tenants to support their carbon reduction commitments and reduce their energy footprint

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5 star Green Star Design and As Built ratings and potential for 6 star Green Star pilot
Piloting carbon neutral developments and targeting being carbon neutral by 2030
Commenced design work to enable 100% renewable energyoperations

New office projects

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Net zero target

Committed to net zero Scope 1 and 2 emissions by 2030 for office platform
Office platform aligned with the TCFD framework and CHC discloses our climate strategy and emissions reduction approach in our Annual Report and annual Sustainability Report
Climate Strategy evolving to prepare our business for a low carbon economy

Charter Hall Group 2021 Development Showcase

Office Development

A move to scale has seen the rise of precincts in Australia’s CBD’s Charter Hall has demonstrated deep expertise

$1.5bn Wesley Precinct including:

130 Lonsdale Street, Melbourne
60,600sqm NLA Premium Office and Retail
Value $738m
140 Lonsdale Street, Melbourne
22,760sqm NLA A-Grade
Value $388m
150 Lonsdale Street, Melbourne
28,000sqm NLA A-Grade
Value $269m

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29
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Charter Hall Group 2021 Development Showcase

Office Development

130 Lonsdale Street,

Melbourne

Valuation on completion: $738m
NLA: 60,590sqm
Occupancy on completion: 100%
WALE on completion: 10.8 years
PC: March 2020
Design and construction cost: $333m
Building quality:
Premium
6 star NABERS Energy
5 Star NABERS Energy
Gold WELL rating

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Charter Hall Group 2021 Development Showcase

Office Development

60 King William Street, Adelaide

– Valuation on completion: $413m

– NLA: 42,687sqm

– Office pre-commit: 72%

10 year lease to Commonwealth Government
Forecast PC: Mid 2023
Design and construction cost: $178m
Building quality:

– A-Grade and Premium lifting

6 Star Green Star
5 Star NABERS Energy
4 Star NABERS Water
Gold WELL rating

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Charter Hall Group 2021 Development Showcase

Office Development

Higher education broadening into life sciences

Australia’s largest portfolio of higher education projects with a portfolio in excess of $1bn. Deep expertise in curriculum design understanding, delivery, and operations.

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iQ Westmead – Labs and Research

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6 Hassall Street – Engineering and Architecture

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1 Parramatta Square, Law and Business

Charter Hall Group 2021 Development Showcase

Office Development

6 Hassall Street, Parramatta

Engineering Business Success

Valuation on completion: $340m
NLA: 28,910sqm
Office pre-commit: 47%
15 year lease to Western Sydney University
Forecast PC: Q3 2021
Design and construction cost: $127m
Building quality:
A-Grade
6 star Green Star
5 Star NABERS Energy
4 Star NABERS Water
Gold WELL rating

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Charter Hall Group 2021 Development Showcase

Office Development

555 Collins Street (North), Melbourne

Valuation on completion: $720m

– NLA: 51,606sqm

8 year lease to Amazon
Forecast PC: CY 2023
Design and construction cost: $297m
Building quality:
Premium
6 Star Green Star
5 Star NABERS Energy
4 Star NABERS Water
Platinum WELL rating

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South North
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Charter Hall Group 2021 Development Showcase

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Office Development
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Future development opportunity – Shelley Street precinct, Sydney Charter Hall has demonstrated deep expertise

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Barangaroo Ferry Terminal
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Barangaroo International Towers 1, 2 & 3 (not CPOF assets)
Floor plates typical 2,350sqm , Land ~ 5,700sqm per tower
Current FSR ~18.1:1
Access to Trains
Wynyard Station Pedestrian Tunnel
10
Shelley
Street
FSR 11.7:1
12
Shelley
Street
FSR 4.5:1
1
Shelley
Street
FSR 7:1
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Charter Hall Group 2021 Development Showcase

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Charter Hall Group
2021 Development Showcase
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Office Q&A

Artist impression: 360 Queen Street, Brisbane

Industrial & Logistics Platform – How Development adds value Richard Stacker, Industrial & Logistics CEO

Chullora Logistics Park 2 Hume Highway, Chullora

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Industrial & Logistics capability and team

Large national team with extensive capabilities and track-record

48 Sydney

60+ team of Industrial specialists

Expertise across transactions, development, asset management, property management, supply chain / automation and sustainability.

Driven customer focused culture with a focus on team diversity, professional development and innovation.

• Development Capability

Team of 20 specialists providing develop to core assets on behalf of our Funds.

• Leading Investment Manager

Average Fund performance since inception on Industrial platform of 12.3%.

• Track-record of transacting

99 acquisitions worth $6.8bn and 35 divestments worth $0.6bn undertaken over the past 6 years. 65% completed off market and 42% were sale and leaseback with corporates choosing Charter Hall as their landlord.

Funds Asset & Property Development 14 Management Management Management Melbourne 4 3 11 5 Brisbane

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Transactions Accounting Support 3
Management & Finance Functions
Perth
Divestments 8% Top 5 Australian
$13.4b Industrial Managers [1]
$12.3b
$6.9bn
Gross Transactions
$4.7b
Over 6-years $4.0b $3.7b
92% Goodman Charter Hall Dexus Logos Frasers
Acquisitions
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Based on publicly disclosed information as at 31 December 2020. Relates to only industrial & logistics holdings i.e. excludes office/business parks Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Leasing volumes continue at record levels

Strong occupier demand activity, driven by non discretionary retail, growing omni channel requirements and online retailers, coupled with steady but constrained supply

Gross leasing volumes (sqm millions)

Supply (sqm millions)

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3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Sydney Melbourne
Brisbane Adelaide
Perth National 10-year annual average
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Record leasing volumes across the Melbourne and Sydney industrial market contributed to the largest year of leasing activity

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3.0
2.5
2.0
1.5
1.0
0.5
0.0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Pre-leased Speculative National 10-year annual average
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2020 recorded an uptick in completions. This was a lagged response to the abovetrend leasing demand recorded across Sydney and Melbourne over recent years. Speculative construction activity remained limited and in-line with longer-term levels.

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Multi sector relationships – Charter Hall Group

Growth through Charter Hall’s cross sector customer engagement & collaboration

Customer cross-sector occupancy

Charter Hall has deep relationships across office, retail and industrial sectors creating multi tenancy opportunities for customers including Australian Government, Woolworths, Wesfarmers, Coles, ALDI, Amazon & Bunnings.

Non-discretionary retail customer opportunities
Existing non-discretionary retail customers presenting opportunity for industrial portfolio include Priceline, Liquorland, Terry White Pharmacy and Officeworks.
Office customer opportunities

Existing office customers presenting opportunity for industrial portfolio include BHP, Santos, Orica, Aurizon, Unilever, Telstra, Caltex, Officeworks, Rebel Sports.

Top 20 Charter Hall Group Customers

Top 20 Charter Hall Industrial Customers

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Government 12.5%
Coles 9.6%
Woolworths 6.4%
ALDI 6.9%
Wesfarmers 5.9%
Inghams 6.1%
Coles Group 5.2% Metcash 6.0%
Telstra 5.1% Woolworths 5.9%
AMPOL 3.3% A.P. Eagers 3.3%
BP 2.7% Arnott's 2.9%
ALDI 2.2% Visy 2.8%
Macquarie Group 1.9% Coca Cola 2.6%
Toll 1.8%
Metcash 1.8%
Bunnings 1.8%
Inghams 1.7%
Prixcar Services 1.8%
Amazon 1.5%
Australia Post 1.8%
Goodstart Early Learning 1.5%
Australian Federal Police 1.5%
Commonwealth Bank 1.4%
Linfox 1.5%
Suncorp 1.1%
Primo 1.4%
A.P. Eagers 1.0%
Hastings Deering Australia 1.2%
Arnott's 0.8%
Chemist Warehouse 1.1%
Visy 0.8%
Volkswagen 1.0%
Coca Cola 0.7%
Mazda Australia 1.0%
Secure Parking 0.7%
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Industrial ◼ Office ◼ Retail ◼ Social Infrastructure by Net Income

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Key customers national coverage & leveraging multi sector relationship across Charter Hall

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Consumer Staples Government E-Tailers
NSW 61k sqmFY18 FY20sqm30k FY15sqm40k - 119k sqmFY15x11 - 19k sqmFY20 17k sqmFY20 FY17sqm22k 21k sqmFY16x2 3k sqmFY21
FY21
VIC FY17sqm69k FY20sqm30k FY20sqm38k 94k sqmFY16/18x2 FY16sqm90k 73k sqmFY15x6 25k sqmFY22 - - 7k sqm FY18 sqm27k x2 -
QLD - - FY20sqm89k - 31k sqmFY18 92k sqmFY15x8 81k sqmFY17 7k sqmFY21 - 7k sqm FY20 - 3k sqm FY21
WA FY08sqm82k - 2k sqmFY16 FY12sqm98k 37k sqmFY15x5 FY16sqm42k FY19sqm27k - 7k sqmFY20 - -
SA/NT/TAS FY14sqm68k - FY12/2058k sqm FY19sqm68k 96k sqmFY15x6 - - - -
CH Industrial 6 Tenancies337k sqm 6 Tenancies215k sqm 5 Tenancies377k sqm 37 Tenancies443k sqm 4 Tenancies157k sqm 2 Tenancy36k sqm 8 Tenancies91k sqm 2 Tenancies7k sqm
181k sqm 119k sqm 2k sqm - - 550k sqm 3k sqm -
CH Retail
32 Tenancies 36 Tenancies 1 Tenancies 42 Tenancies 18 Tenancies
41k sqm 1k sqm - - - - 6k sqm 56k sqm
CH Office
2 Tenancies 2 Tenancies 3 Tenancies 3 Tenancies
All Sectors 559k sqm 335k sqm 379k sqm 443k sqm 157k sqm 586k sqm 100k sqm 63k sqm
40 Tenancies 44 Tenancies 6 Tenancies 37 Tenancies 4 Tenancies 44 Tenancies 29 Tenancies 5 Tenancies
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*Industrial/Logistics, Retail, & Office

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FY16
117’sqm
x3
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Year tenancy commenced GLA (or site area on land lease) of tenancy Number of properties/tenancies

Solid fill denotes Charter Hall Industrial asset Border denotes development build to core Denotes potential opportunity for CH to provide occupancy Denotes x1000 sqm of lettable area

Charter Hall Group

2021 Development Showcase

Industrial & Logistics Development

CPIF & CLP Fund growth driven by consistent development activity

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CPIF Today
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CPIF & CLP Fund growth driven by consistent development activity CPIF Today
CPIF Inception 7.0 Legend
6.0 Developed Development Landbank Stabilised Sold GAV
Committed Uncommitted
Created
5.0 11.3% $1.7bn of
CPIF Value
4.0 5-year
NTA +
return Distributions
3.0
Equity
Cumulative
2.0
1.0
0.0
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
2.5 CLP Today
CLP Inception
2.0
GAV
1.5 NTA +
12.5% Distributions Created
$1.1bn of
CLP
1.0 5-year Value
return
Equity
0.5 Cumulative
0.0
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
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Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Industrial sector growth & returns from developments

The Develop to Core strategy for our funds has delivered a total $3.9bn or 31% of the Industrial Sectors $12.3bn FUM with a cumulative annual growth rate of 24% over the past 5 years

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Industrial Sector FUM
Stable
Development
$12.3bn
$3.9bn
$9.1bn
$7.1bn $2.8bn
$5.8bn
$2.1bn
$4.8bn
$1.7bn
$1.3bn $8.4bn
$6.3bn
$5.0bn
$4.1bn
$3.5bn
Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
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Note: Uplift net of acquisition cost write-off.

Charter Hall Group 2021 Development Showcase

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Charter Hall Group
2021 Development Showcase
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Industrial & Logistics Development Strategy; Opportunities; Case Studies

Andrew Simons, Head of Development – Industrial & Logistics

MidWest Logistics Hub 500 Dohertys Road, Truganina

Industrial & Logistics Development

Development pipeline

Focus on Develop to Core strategy for the Funds by deploying capital in major markets, securing high quality pre-leases and creating development margin that enhances Fund returns
In CY20 15 buildings delivered nationally with a GAV of $690m
In CY21 delivery of 17 buildings with a value of $900m. Comprising 8 buildings in Melbourne, 7 in Sydney and 2 in Brisbane
Construction is well underway on 2 large Coles/Ocado facilities (NSW & VIC) with PC of early 2022 and a GAV of $370m
Our total committed development of $1.1bn equates to 370,000sqm of space. The total committed and uncommitted development pipeline is $2.3bn - 950,000sqm of space

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Coles Ocado, Wetherill Park

Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)	Development Pipeline Committed ($m) Weighting Committed GLA (sqm) Uncommitted ($m) Uncommitted GLA (sqm) Total ($m) GLA (sqm)
NSW	492,200	45%	121,000	505,400	266,205	997,600	387,205
VIC	515,500	47%	219,678	408,800	188,130	924,300	407,808
QLD	56,800	5%	16,600	182,400	86,500	239,200	103,100
SA	31,700	3%	11,689	72,000	24,500	103,700	36,189
WA	-	0%	-	25,000	15,000	25,000	15,000
ALL 1,096,200 100% 368,967 1,193,600 580,335 2,289,800 949,302

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Sustainability and ESG

A commitment by Charter Hall and its tenant customers to ESG will result in 11,000 Kilowatts of solar installed by 2023

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Solar capacity - I&L Development
12,000
10,000
8,000
6,000
4,000
2,000
0
2020 2021 2022 2023
Financial year
Cumulative (kW)
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11,000 Kilowatts will power 2,000 houses pa

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Development ESG commitment

8-year track record of sustained improvement in our GRESB ratings
In 2020 CPIF’s development projects achieved the highest rating of all Global GRESB development participants

Industrial Fund’s commitment to continual increasing GRESB score

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CPIF CLP LWR DIF4 76
71
60
56
50
45
42
39
2013 2014 2015 2016 2017 2018 2019 2020
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The Charter Hall Industrial Development team is committed to achieving a minimum 5-star Green Star on all new developments and will also partner with committed tenants to target 6-star Green Star projects.

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Industrial Development Case Study 1

MidWest Logistics Hub 442-540 Dohertys Road, Truganina

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Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

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MidWest Logistics Hub 442-540 Dohertys Road, Truganina

Site area	60ha with 48ha (NDA)
On completion GLA	250,000sqm
On completion GAV	$550m (The acquisition feasibility was at $330m)
Tenant mix	– Toll (Mars Contract) – 45,000sqm – Bridgestone – 24,000sqm – Ingham’s – 25,000sqm – Uniqlo – 46,000sqm – Coles – 45,000sqm – Encore Tissue – 15,000sqm
Estate WALE – 14 Years
Solar – 3.8Mw

– The land was purchased in 2018 as a greenfield infill site requiring major new road and service infrastructure and a projected 6-year pre-lease and delivery program

The Estate is now 85% committed and will be completed 2 years ahead of the original program
All projects are pre-leased, purpose-built facilities on long term leases to strong covenants

Results Summary

MidWest Logistics Hub has dominated the pre-lease market in Melbourne's West over the last 3 years due to its prime infill location, the ability to accommodate large requirements and Charter Hall's strong multi-sector relationships with the likes of Coles and Ingham's

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Industrial Development Case Study 2 Tradecoast Industrial Park 679 Curtain Avenue Pinkenba

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Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

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Tradecoast Industrial Park 679 Curtin Avenue, Pinkenba

Site area	11.5ha
On completion GLA	77,000sqm
On completion GAV	$120m
Tenant mix	– AP Eagers – Sandvik – Caroma – Amazon – Australia Post – DHL
Results Summary – The Tradecoast estate was a strategic and staged effort to acquire 3 adjoining land parcels in this tightly held and land-constrained airport precinct – The significant achievement was firstly to reposition existing buildings and deliver 3 new buildings in two years, to complete and fully lease the estate – Secondly, to achieve the high quality of Covenants within the estate, which are all Charter Hall multi-state repeat tenant customers – Charter Hall's Trade Coast Estate is recognised as one of Brisbane's premium industrial estates due to its location, connectivity to the Airport, Brisbane Port, direct access to major road infrastructure and the premium tenant mix

Site area	11.5ha	11.5ha
On completion GLA	77,000sqm
On completion GAV	$120m
	–	AP Eagers
	–	Sandvik
Tenant mix	–	Caroma
	–	Amazon
	–	Australia Post
	–	DHL

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Charter Hall is focused on resilient customer industries

Consumer staples dominate Charter Hall’s Industrial customers, representing 52% of total rent
Our strategic relationships with consumer staple customers has driven an 8% increase in weighting over the past 3-years
The Industrial sector FUM has grown $5.2bn (from $7.1bn to $12.3bn) over the past 3-years including $1.2bn of development completions of which 44% were for consumer staple customers
There is a further $2.3bn development pipeline of which $1.1bn is committed and 65% of which is for Consumer Staple customers

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Other Other Other
Resources Resources
Resources
Government 4% 6% Government 3% 6% Government 6%
3% [3%]
3% 4% Diversified Retail
Diversified Retail Diversified Retail 6%
6% 7%
Building &
Building & Hardware 6% Dec 44% Consumer Staples Building & Hardware 6% Dec 46% Consumer Staples Hardware 6% Dec Consumer
2018 2019 9% 2020 52% Staples
Automotive
12% 11%
Automotive Automotive
15%
19% 17%
Logistics
Logistics Logistics
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Note: Industry %’s include all committed developments shown at point in time.

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

COVID-19 has accelerated structural trends

Charter Hall platform benefitting from major structural shifts

Online grocery revenue

Online grocery retail revenue has reached levels not anticipated for 5 to 6 years
Woolworths and Coles account for over 70% of the Online Grocery market

$ billions

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$16
Post-COVID Forecast ($ million)
$14 Pre-COVID Forecast ($ million)
Online Grocery Revenue
$12
$10
$8
$6
$4
$2
$0
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Grocery industrial and warehouse market share, by area

The Charter Hall Group represents 49% of Australia’s grocery logistics real estate with the next largest player only 9%.

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51% Rest of market
49 % Charter Hall
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Source: IBIS World, Charter Hall Research (March 2021).

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Industrial development - Case study 3

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NSW - Wetherill Park Precinct

– Marley Spoon (Woolworths)

Tenant mix

– Coles (Ocado)

Wetherill Park has become a highly sought-after area of Western Sydney due to its location east of the M7 and proximity to the Sydney orbital road network

Charter Hall is developing two prime industrial estates in Wetherill Park that are anchored by on-line grocery businesses that will capitalise on the direct access to Sydney's major road infrastructure network

Woolworths-backed Marley Spoon will be operating out of their first Australian automated facility at our Wetherill Park Distribution Centre to be completed in March 2021

Summary

Charter Hall is building Coles first l arge-scale automated Fulfilment Centre at our Horsley Drive Business Park to deliver Coles online grocery strategy, in joint venture with UK based Ocado

These brands are two examples of customers partnering with Charter Hall to deliver high spec, modern food logistics warehousing solutions tailored to their business needs

Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Online grocery and automation

Coles

Partnership with Ocado
Ocado undertaking a global roll out
Hub and spoke (last mile) model
Ocado are one of the largest global players
Online global rollout of Ocado in other countries including Japan, USA, Canada and Europe

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Charter Hall Group 2021 Development Showcase

Industrial & Logistics Development

Online grocery and automation

Woolworths

Partnership with US based Takeoff technologies using Knapp automation
Micro-fulfilment centres located inside or adjoining existing supermarkets
It holds 10,000 of the most in demand grocery products

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Charter Hall Group

2021 Development Showcase

Industrial & Logistics Development

Grocery logistics and the growth in demand Charter Hall continues to target grocery tenant customers in this growing sector

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Grocery logistics market - sqm
0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000
Charter Hall
Peer 1
Peer 2
Peer 3
Peer 4
Peer 5
Peer 6
Peer 7
Peer 8
Peer 9
Peer 10
Peer 11
Peer 12
Peer 13
Peer 14
Peer 15
Existing Proposed / Under Development (to 2024)
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Source: Charter Hall Research.

Charter Hall Group 2021 Development Showcase

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Charter Hall Group
2021 Half YearResultsDevelopment Showcase
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Industrial & Logistics Q&A

Additional Information

Further information

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David Harrison

Managing Director & Group CEO

Charter Hall Group

+61 2 8651 9142 [email protected]

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Philip Cheetham Head of Listed Investor Relations

Charter Hall Group

+61 2 8651 9214 [email protected]

Presentation authorised by the Chair and MD & Group CEO

Charter Hall Group 2021 Development Showcase

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charterhall.com.au/chc

IMPORTANT NOTICE & DISCLAIMER

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

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

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

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

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

All information contained herein is current as at 31 December 2020 unless otherwise stated. All references to dollars ($) are to Australian dollars, unless otherwise stated.

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CHARTER HALL GROUP — Investor Presentation 2021

64645_rns_2021-03-30_d13276da-a5af-42b8-a2e6-0ae2d8e784b3.pdf

Agenda

Development within the $46.4bn Charter Hall strategic framework

Development platform attracts capital and enhances returns

Development has become an increasing proportion of fund growth

Development – committed and uncommitted

Total committed pipeline

New office development analysis – Developments under construction

Pre-commitments Analysis (Box Size by NLA%)

Occupier growth in pre-lease tenants

Accelerated structural trends driving industrial & logistics demand

Charter Hall platform benefiting from major structural shifts

Total food turnover ($ million)

Online retail penetration (%)

The Charter Hall competitive advantage

Cross-sector tenant relationships drive development opportunities

Development Investment (DI) earnings contribution

DI EBITDA an on-going contributor to Group earnings

Office capability and team

• Leading investment manager

• Track-record of transacting

• Landlord of choice

Charter Hall manages Australia’s most resilient office portfolio

Source: December 2020 results.

We deliver outperformance to our fund investors

CPOF has consistently outperformed the MSCI core office benchmark

Development contribution to CPOF returns

Flight to quality – Divergent impact of downturns

Charter Hall have deep development experience and develop to core within funds

100% pre-leased 12mths prior to completion

Charter Hall maintain strong cross-sector customer relationships

140 Lonsdale Street, Melbourne

60 King William Street, Adelaide

555 Collins Street, Melbourne

GPO Exchange, Adelaide

Office Development as value-add driver

Office development pipeline - committed

Source: JLL, DAE, Charter Hall research as at August 2020.

Charter Hall Office top tenant customers

Primarily exposed to high quality government or blue-chip tenants in resilient industries

Deep relationships across government tenant customers

26% of Office rent from government tenant customers

Technology for the new breed of digital tenant

Future proofing our portfolio via sustainability initiatives

Largest Portfolio by NLA of 6 star Green star developments in Australia

WELL accreditation

Renewable energy

Sustainable portfolio

New office projects

Melbourne

60 King William Street, Adelaide

Higher education broadening into life sciences

6 Hassall Street, Parramatta

555 Collins Street (North), Melbourne

Industrial & Logistics capability and team

• Development Capability

• Leading Investment Manager

• Track-record of transacting

Leasing volumes continue at record levels

Supply (sqm millions)

Multi sector relationships – Charter Hall Group

Top 20 Charter Hall Group Customers

Key customers national coverage & leveraging multi sector relationship across Charter Hall

CPIF & CLP Fund growth driven by consistent development activity

Industrial sector growth & returns from developments

Development pipeline

Sustainability and ESG

Development ESG commitment

MidWest Logistics Hub 442-540 Dohertys Road, Truganina

Tradecoast Industrial Park 679 Curtin Avenue, Pinkenba

Charter Hall is focused on resilient customer industries

COVID-19 has accelerated structural trends

Charter Hall platform benefitting from major structural shifts

Online grocery revenue

$ billions

Grocery industrial and warehouse market share, by area

Industrial development - Case study 3

NSW - Wetherill Park Precinct

CHARTER HALL GROUP Investor Presentation 2021