GOODMAN GROUP — Investor Presentation 2020

Dec 6, 2020

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Dispatch of investor newsletter to Securityholders

Date 7.12.2020

Attached is the Goodman investor newsletter dispatched to Securityholders today and available on the Goodman website at http://www.goodmaninvestorinsight.com/dec20

– ENDS –

Authorised for release to the ASX by Carl Bicego, Company Secretary and Group Head of Legal.

Investors Investors Media James Inwood Phillip Henderson Kerrie Muskens Tel: + 612 9230 7400 Tel: + 612 9230 7400 Tel: + 612 9230 7400

About Goodman

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Continental Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.

Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

GRP01-7-2190\0.2

Next The Strategy 2030 in In the level numbers in place the making community Global Key facts Property Sustainability Doing good environment highlights 02 05 06 08 10

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December 2020
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The global landscape has changed. We are in the middle of an event that is causing rapid and pronounced change in the way we live, work, and consume.

Goodman Group has significant expertise, financial strength, and a strategic property portfolio to grow our business through various market conditions.

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Goodman
celebrates 25 years
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Season’s
Greetings
From the team at Goodman
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South Sydney, Australia. Home to Goodman’s first property investments.

Next level

INVESTOR INSIGHT DECEMBER 2020

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Goodman Interlink, Hong Kong SAR, China.
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“Customers’ demand for our sites globally has seen the scale and quality of our development program increase. Development WIP has doubled over the past 12 months with strong levels of pre-commitment and long lease terms being sought by our customers, as they secure essential infrastructure to support their operations.”

Greg Goodman CEO, Goodman Group

• The acceleration of e-commerce has made the global industrial asset class increasingly sought after

• We are witnessing a further shift of capital towards investment in industrial real estate which is supporting increased values

• Limited supply in our markets and robust customer demand is translating into strong portfolio performance

• E-commerce sales growth is, in turn, driving the need for more data storage.

Our long-term strategy to own properties in strategic infill locations that are close to consumers remains imperative. While land is scarce in our target markets, we have successfully developed, acquired, upgraded or repurposed buildings that meet our customers’ needs for the long term.

INVESTOR INSIGHT DECEMBER 2020

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Goodman celebrates 25 years

Since we first listed on the ASX 25 years ago, Goodman has grown from its Australian foundations into a truly global company with approximately 70% of earnings from international markets and a consistent company culture that is also adapted into each local market.

Throughout this time, Goodman has remained focused on executing its strategy – to own high-quality properties in locations where our customers can be close to consumers.

Scan QR code to watch video

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INVESTOR INSIGHT DECEMBER 2020

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1 Key facts

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97.8[%]

$51.7 bn

Occupancy

Total assets under management

Total assets under management have grown to $51.7 billion located in key consumer markets around the world.

The limited supply in our markets and growing demand is reflected in stable occupancy at 97.8%.

$7.3 bn 2 $1.7 bn 3 Development Development work in progress commencements

Work in progress has grown to $7.3 billion reflecting the desirability and limited supply of land in our markets.

Development commencements were undertaken with a long average lease term of 14.9 years. Activity was predominantly in the Asia-Pacific region.

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83[%]

$48.4 bn

External assets under management

Development within partnerships

Continued progress of development projects, acquisitions and positive revaluations, have seen AUM across the Partnerships grow to $48.4 billion.

With 83% of developments undertaken within Partnerships, we have further aligned our interests with our investors.

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3.4[m]

Square metres leased

New leasing across the global platform for the first quarter reflects $447.3 million of property income per annum with like-for-like rental growth of 2.9%.

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$0.9 bn 3
Development
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Development completions

We completed $0.9 billion of developments around the world of which 92% were pre-committed.

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346

Properties in partnerships

Partnerships provide a diversified income across countries and industries.

1. All figures are in AUD.

2. As at 30 September 2020.

3. For the three months to 30 September 2020.

Read more on goodman.com

INVESTOR INSIGHT DECEMBER 2020

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Property highlights
Strong demand from our customers, particularly
those engaged in the digital economy, has
continued in the first quarter and maintained
our confidence to further increase development
activity. WIP has grown to $7.3 billion and is
expected to increase further in FY21.
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Oakdale South Industrial Estate Sydney, Australia

Already occupying six facilities across our Oakdale estate, global logistics provider DHL required a new, larger facility to support the company’s increased demand from existing customers. The 33,606 sqm facility was developed with sustainability features such as solar panels, a rainwater harvest tank and LED lighting, and underwent an extensive fit-out to meet DHL’s specific needs. The facility will be used for pharmaceutical goods.

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Crossways Commercial Park

Dartford, United Kingdom

Crossways Commercial Park demonstrates our selective approach to building logistics facilities in strategic locations close to key infrastructure. Due for completion in mid-2021, the development will comprise 477,370 sq ft of prime distribution and logistics space across three properties, well-positioned for last mile delivery. The development will be one of Goodman’s most sustainable in the United Kingdom.

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Savill Link

Auckland, New Zealand

14,000 sqm manufacturing and distribution facility completed at Savill Link industrial park for innovative packaging company, NCI Packaging. Ideally located close to Auckland CBD and airport, the property recently won an Award of Excellence in Industrial Property at the Property Council of New Zealand Property Awards. The award acknowledges that the development symbolises excellence in project vision and innovation, design and construction, and owner / user satisfaction.

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INVESTOR INSIGHT DECEMBER 2020

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Our 2030 strategy is structured around three pillars.

Sustainable properties

People and culture

Corporate performance

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Redbank Motorway Estate, Brisbane, QLD
Sustainability highlight
Redbank solar panels
As the focus on climate change continues to grow, the
importance of adopting sustainable approaches towards
the generation of renewable energy has received a
renewed focus.
Solar panel systems have therefore formed part of
Goodman’s base building development specifications,
reducing greenhouse gas emissions from operations
and developments.
At our Redbank Motorway Estate in Brisbane, Australia
we have implemented a number of ecologically sustainable
development initiatives that maximise efficiency and
minimise environmental impact.
We recently worked in partnership with Australia Post at
the estate to facilitate the installation of 1 megawatt of solar
on the expansive roof area of the 50,000 sqm warehouse.
Using this space for 3,244 solar panels generates enough
energy to power a small suburb. This energy efficient
measure helps to contribute towards our target of a carbon
neutral status and to use 100% renewable energy by 2025.
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Using this space for 3,244 solar panels generates enough energy to power a small suburb. This energy efficient measure helps to contribute towards our target of a carbon neutral status and to use 100% renewable energy by 2025.

Scan QR code to watch video

INVESTOR INSIGHT DECEMBER 2020

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UKHarvest headquarters, London, United Kingdom

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Doing good
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Providing 1 million meals during COVID-19

UKHarvest is a not-for-profit perishable food rescue operation that provide much needed assistance to vulnerable people. They collect quality excess food from commercial outlets and deliver it direct and free of charge, to charities.

The organisation is seeing incredibly high demand for food and support this year due to the COVID-19 pandemic. To help support UKHarvest manage this demand, Goodman Foundation provided additional funding to enable the organisation to secure a new warehouse and office facility.

The new facility allows for larger storage, refrigeration and freezer capacity, and has enabled UKHarvest to meet the increasing demand for fresh and nutritious food at a critical time.

Since the mandatory COVID-19 lockdown began in Britain, UKHarvest have responded by:

• Tripling the amount of food rescued, and delivering the equivalent of 1 million meals over June, July and August, to the rural and coastal areas they support

• Delivered food directly to the most vulnerable, through the emergency food hubs which are now operating across the south coast

• Expanded their online education offer and community services to help those unable to leave their own homes

• Changed the way they work in their warehouses, enforcing new health and safety rules to keep staff and volunteers safe.

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Supporting Australia’s youth

Young people under the age of 25 make up one third of all homeless people in Australia. Without support and a safe place to call home, many of these people disengage with education, employment and are exposed to factors which are detrimental to their health.

Stepping Stone House are a not-for-profit organisation that work to transform the lives of these young people. The organisation provides accommodation and personal development to help homeless and at-risk youth aged between 12-24 become independent and the very best they can be.

Goodman has supported Stepping Stone House since 2014 via funding for programs, donations and volunteering, as well as participating in their annual fundraising event – Sleep Under the Stars. Through our Do Good program, we also recently helped the organisation build a new brand identity and website just in time for its virtual 2020 Sleep Under the Stars event, which raised more than $633,000 to support disadvantaged youth.

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Charli, STEPtember Trainer
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Stepping Stone House – Sleep Under the Stars
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Stepping up for cerebral palsy

Did you know that 17 million people around the world are living with cerebral palsy? It’s the most common physical disability in childhood.

Cerebral Palsy Alliance (CPA) provides family-centred therapies, life skills programs, equipment and support for people and their families living with cerebral palsy. They respond to the changing needs of their clients based on the latest research, technology and therapies.

Steptember is CPA’s major annual fundraising initiative. It’s a fun event that challenges you to take at least 10,000 steps per day – whether that be by walking, running, bike riding or through a variety of other activities – during the month of September.

Goodman stepped up for our final Steptember challenge this year, after several years as global partner of the event. During our time as partner, Goodman team members from all over the world took millions of steps and raised A$3.9 million to help improve the lives of children and adults living with cerebral palsy.

Steptember went virtual this year, so to celebrate our final Steptember challenge, we created a ‘virtual relay’ video featuring Goodman people from all over the globe.

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Scan QR code to watch video

INVESTOR INSIGHT DECEMBER 2020

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Voting results from the AGM held on 19 November, 2020

	Resolution	Number of votes	Total %
1.	To appoint the Auditor of Goodman Logistics (HK) Limited
	Votes cast ‘FOR’ the resolution	1,503,659,399	98.24
	Votes cast ‘AGAINST’ the resolution	26,881,479	1.76
2a.	Re-election of Mr Stephen Johns as a Director of Goodman Limited
	Votes cast ‘FOR’ the resolution	1,498,540,223	97.92
	Votes cast ‘AGAINST’ the resolution	31,766,848	2.08
2b.	Election of Mr Stephen Johns as a Director of Goodman Logistics (HK) Limited
	Votes cast ‘FOR’ the resolution	1,499,167,588	98.03
	Votes cast ‘AGAINST’ the resolution	30,151,431	1.97
3.	Election of Mr Mark Johnson as a Director of Goodman Limited
	Votes cast ‘FOR’ the resolution	1,522,412,944	99.46
	Votes cast ‘AGAINST’ the resolution	8,304,308	0.54
4.	Adoption of the Remuneration Report
	Votes cast ‘FOR’ the resolution	1,292,104,830	86.39
	Votes cast ‘AGAINST’ the resolution	203,492,458	13.61
5.	Issue of Performance Rights under the Long Term Incentive Plan to Mr Gregory Goodman
	Votes cast ‘FOR’ the resolution	1,094,996,137	73.18
	Votes cast ‘AGAINST’ the resolution	401,211,504	26.82
6.	Issue of Performance Rights under the Long Term Incentive Plan to Mr Danny Peeters
	Votes cast ‘FOR’ the resolution	1,095,650,047	73.23
	Votes cast ‘AGAINST’ the resolution	400,555,653	26.77
7.	Issue of Performance Rights under the Long Term Incentive Plan to Mr Anthony Rozic
	Votes cast ‘FOR’ the resolution	1,095,652,547	73.23
	Votes cast ‘AGAINST’ the resolution	400,555,653	26.77

To see questions discussed at the AGM, go to www.goodman.com/goodman-group-agm

Upcoming key dates

30 December 2020 Ex date, distribution for the six months ending 31 December 2020

• 31 December 2020 Record date, distribution for the six months ending 31 December 2020 19 February 2021 Half year results – FY21 25 February 2021 Half year distribution payment – FY21

Note: Future dates may be subject to change. For our upcoming event calendar, go to www.goodman.com/investor-centre

Goodman Group Office Security registrar Securityholders can update the following information with Goodman Limited Registered offices Computershare Investor Computershare online at ABN 69 000 123 071 Level 17 Services Pty Limited www.investorcentre.com: Goodman Industrial Trust 60 Castlereagh Street Level 5 ARSN 091 213 839 Sydney NSW 2000 115 Grenfell Street – change of address details – request to receive GPO Box 4703 Adelaide SA 5000 Responsible Entity communication online Sydney NSW 2001 Goodman Funds GPO Box 1903 – request to have payments made Management Limited T: 1300 791 100 Adelaide SA 5001 directly to a bank account ABN 48 067 796 641 (within Australia) – provision of tax file numbers or AFSL Number 223621 +61 2 9230 7400 T: 1300 723 040 – general queries about your (outside Australia) (within Australia) securityholding. Goodman Logistics (HK) +61 3 9415 4043 Limited F: +61 2 9230 7444 (outside Australia) If you would like to provide any Company No. 1700359 Suite 901, Three Pacific Place, F: +61 8 8236 2305 feedback on the Investor Insight ARBN 155 911 149 1 Queen’s Road East, Hong Kong newsletter, please email us at E: www.investorcentre.com/ info-au @goodman.com. T: +852 2249 3100 contact F: +852 2525 2070 www .computershare.com E: info-au@goodman.com www .goodman.com

To stay up to date with the latest news visit www.goodman.com or follow us on:

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The information in this document has been prepared by Goodman Group (Goodman Limited (ABN 69 000 123 071), Goodman Funds Management Limited (ABN 48 067 796 641; AFSL Number 223621) as the Responsible Entity for Goodman Industrial Trust (ARSN 091 213 839) and Goodman Logistics (HK) Limited (Company Number 1700359; ARBN 155911149 – A Hong Kong company with limited liability). This document is a summary of general background information about the Group’s activities current at the date of the document. It is information in a summary form and does not purport to be complete. It is to be read in conjunction with the Goodman Group Financial Report for the year ended 30 June 2019 and Goodman Group’s other announcements released to ASX (available at www.asx.com.au). This document contains certain forward-looking statements, expectations, estimates and projections (“forward-looking statements”) which involve known and unknown risks, uncertainties and other factors that may cause actual results and outcomes to differ materially from those expressed or implied in such statements. Due care and attention has been used in the preparation of, or sourcing from third parties, such forward-looking statements. Neither the Group, nor any other person, gives any representation, warranty, assurance or guarantee that the occurrence of the events expressed or implied in any forward looking-statements in this document will actually occur and there can be no assurance that actual outcomes will not differ materially from these forward-looking statements. This document does not constitute an offer, invitation, solicitation, recommendation, advice or recommendation with respect to the issue, purchase, or sale of any stapled securities or other financial products in the Group. This document does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or to any “US person” (as defined in Regulation S under the US Securities Act of 1933, as amended. This document is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with professional advice, when deciding if an investment is appropriate. December 2020.