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Centuria Industrial REIT FY25 results SOUTHSIDE INDUSTRIAL ESTATE VIC 6 AUGUST 2025 | ASX:CIP For personal use only
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2Centuria ASX:CIP Speakers Grant Nichols Head of Listed Funds & Fund Manager – Centuria Industrial REIT Michael Ching Assistant Fund Manager – Centuria Industrial REIT Jesse Curtis Head of Funds Management – Centuria Capital Limited For personal use only
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Agenda 1. Overview 2. Financial results 3. Operational performance 4. Development 5. Outlook and guidance 6. Appendices 204-208 BANNISTER ROAD, CANNING VALE WA Acknowledgement of Country Our Group manages property throughout Australia and New Zealand. Accordingly, Centuria pays its respects to the traditional owners of the land in each country, to their unique cultures and to their Elders past and present. 3Centuria ASX:CIP 3Centuria ASX:CIP For personal use only
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4Centuria ASX:CIP Centuria Capital Group: A leading Australasian ASX 200 funds manager Note: Assets under management (AUM) as at 30 June 2025. All figures above are in Australian dollars (currency exchange ratio of AU$1.000:NZ$1.0768 as at 30 June 2025). Numbers presented may not add up precisely to the totals provided due to rounding. 1. CPF2L is a wholly owned subsidiary of CNI and the responsible entity for CIP. 2. AUM includes assets exchanged to be settled, cash and other assets and the impact of revaluations during the period. Centuria Capital Group (ASX:CNI) $20bn+ GROUP AUM2 Centuria is highly aligned with CIP as its external manager 1 and largest unitholder Centuria Industrial REIT (ASX:CIP) $3.9bn AUM Index inclusions: • S&P/ASX 200 Index • FTSE EPRA Nareit Global Developed Index. CIP is Australia’s largest ASX listed domestic pure play industrial REIT. Centuria is one of Australasia’s largest industrial fund managers. 25+ year history servicing a deep network of retail, wholesale and institutional investors. Proven manager of high conviction traditional and alternative investments with dedicated in-house expertise. 450+ real estate properties and real estate finance loans under management. For personal use only
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Overview Section one 12-13 & 14-17 DANSU COURT, HALLAM VIC For personal use only
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6Centuria ASX:CIP CIP: Vision, strategy and objectives VISION To be Australia’s leading domestic pure play industrial REIT. Australia’s largest domestic ASX-listed pure play industrial REIT . Overseen by an active management team with deep real estate expertise. Strongly supported by Centuria Capital Group. Centuria Industrial REIT (CIP) Portfolio construction A portfolio of high-quality Australian industrial assets diversified by geography, sub-sector, tenants and lease expiry. Active management Focus on ‘fit for purpose’ assets that align to the needs of our high-quality customers to ensure high retention and occupancy. Capital management A robust and diversified capital structure with appropriate gearing. Maximise development opportunities Unlock development potential or reposition assets to maximise returns for unitholders. Key objectives A clear and simple strategy Deliver income and capital growth to investors from a portfolio of high-quality Australian industrial assets. For personal use only
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7Centuria ASX:CIP 1. Includes divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. Settlement expected in FY26. 2. Based on management estimate. 3. Based on management estimate of comparable land sales. 4. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works. 5. By income. 6. Includes Heads of Agreement (HOA). 7. On a net basis compared to prior passing rents. 8. Weighted Average Capitalisation Rate. 9. Proforma adjustment for divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. 10. Gearing is defined as total interest-bearing liabilities divided by total assets. 11. NTA per unit is calculated as net assets divided by number of units on issue. 12. Reflects gross increase. Excludes capital expenditure incurred. 13. Guidance remains subject to unforeseen circumstances and material changes in operating conditions. 85% Urban infill exposure 5.8% Like-for-like NOI growth in FY25 c.60% Portfolio value underpinned by land3 FY26 FFO GUIDANCE13 18.0 – 18.5 cpu Up to 6% above FY25 FY25 highlights $140m divestments achieved +12% premium to book1 provides substantial opportunity for future valuation growth Ongoing disconnect between trading price and value Buy-back announced c.20% portfolio under-renting remains2 provides significant tailwind for potential future earnings growth PORTFOLIO FINANCIAL 95.1% Portfolio occupancy4,5 $57m Like-for-like valuation gain in 2HFY2512 150,900 sqm FY25 lease terms agreed6 34% positive re-leasing spreads7 33.2% proforma gearing9,10 FY26 DISTRIBUTION GUIDANCE13 16.8 cpu 3% above FY25 $3.92 net tangible assets (NTA) per unit11 5.86% WACR8 17.5 cpu FY25 FFO delivered 20% Discount to NTA12 For personal use only
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8Centuria ASX:CIP Significant earnings upside remains Vacant FY26 FY27 FY28 FY29 4.9% 4.3% 11.7% 8.9% 14.9%Proportion under-rented Lease expiry profile by % income c.65% of these leases expiring over the next three years are under-rented5 Earnings growth expected to accelerate over the medium term 43 Portfolio c.20% under-rented on average2. Under-renting yet to fully flow into earnings +5%p.a. average Net Operating Income growth expected over the medium term Debt costs expected to stabilise or potentially decrease over the medium term providing earnings tailwind Forecast downtime impedes FY26 earnings by 1.8 cents per unit 17.0 17.2 17.5 18.0 18.5 FY23 FY24 FY25 FY26 guidance FY27+FY27+ 1 Increased occupancy to drive like for like earnings growth in outer years 1. Guidance remains subject to unforeseen circumstances and material changes in operating conditions. 2. Based on management estimate. 3. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works. 4. Excludes 74-94 Newton Road, Wetherill Park NSW and 346 Boundary Road, Derrimut Vic which are earmarked for development. 5. By number of leases. For personal use only
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9Centuria ASX:CIP Australian industrial markets Low national vacancy with challenged supply pipeline 1. Source: Cushman & Wakefield Research: Australian Market Overview – Logistics and Industrial. Infill vacancy is almost half of urban fringe1 • Infill market vacancy lower than urban fringe markets • 85% CIP portfolio in core urban infill markets across Australia • Tighter vacancy in infill markets will persistently drive higher rental growth 0.0% 5.0% 10.0% Jun-20 Dec-20 Jun-21 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Infill Non-infill Infill Vacancy Rate 2.4% Non-Infill Vacancy Rate 4.0% 0 50 100 150 200 250 300 Western Sydney Melbourne West Melbourne North Brisbane South Brisbane Trade Coast Market Rent Economic Rent Market vs economic rents1 • +750,000sqm of supply earmarked for delivery by Q4 FY26 has been pushed out / delayed. • 28% decline in speculative supply with a further 35% supply which could be paused • 10-25% rental growth needed to activate supply For personal use only
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10Centuria ASX:CIP Australian industrial markets • Five sub-markets account for 60% of national vacancy, which are markets CIP has limited exposure 49% 54% 51% 66% 77% 68% 19% 11% 17% 10% 6% 11% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2020 2021 2022 2023 2024 2025 3,000-10,000sqm 10,000-15,000sqm 15,000-20,000sqm 20,000sqm + 0 200 400 600 800 1,000 1,200 Melbourne West Melbourne North Brisbane South Sydney Outer West Sydney South West Other 60% of total vacancy Lease deals by warehouse size (by number)1 Vacancy by sub-market (‘000 sqm)1 • c.70% of transactions in CIP’s target unit size • Higher volume of deals creating more competition for space in our target tenancy size range driving rents and lower downtime Urban infill markets and smaller tenancy sizes are outperforming CIP average tenancy size of 7,600 sqm aligns with highest industrial leasing activity 1. Source: Cushman & Wakefield Research: Australian Market Overview – Logistics and Industrial. For personal use only
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11Centuria ASX:CIP CIP’s infill portfolio construction capitalises on industry growth drivers 85% Located in strategic infill locations1 99% Freehold ownership1 c.7,600sqm Avg. tenancy size 5.86% Weighted average capitalisation rate (WACR) $38m Avg. asset size across active portfolio2 310 SPEARWOOD AVENUE, BIBRA LAKE WA A predominantly infill portfolio Providing tenants with proximity to customer bases and reliable, skilled workforce. Exposure to growth sub-sectors Significant portfolio exposure to ecommerce, data centres and cold storage. Critical mass in core markets Ability to partner with tenants to expand their operations within core industrial markets. Geographically diversified Providing exposure to Australia’s better performing industrial markets. Lowering total supply chain costs Transport and labour remains the most expensive elements of supply chain costs. Well sized tenancies Providing tenancy size options that see the highest activity of leasing transactions. 1. By value. 2. CIP Active portfolio excludes assets with a WALE of greater than 15 years, being Telstra Data Centre, Clayton Vic and 46 Robinson Road East, Virginia Qld. CIP portfolio strategic metrics For personal use only
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Financial results Section two 7-11 & 25-27 GAUGE CIRCUIT, CANNING VALE WA For personal use only
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13Centuria ASX:CIP Funds from operations (FFO)1 67-69 MANDOON ROAD, GIRRAWEEN NSW Revenue FY25 FY24 Variance Net property income $m 192.3 180.9 11.5 Other income $m (0.0) 2.2 (2.2) Share of net profit of equity accounted investments $m 3.5 3.1 0.4 Interest income $m 1.4 1.4 - Total revenue $m 197.2 187.6 9.6 Expenses Responsible entity fees $m (23.0) (23.1) 0.1 Finance costs $m (59.0) (51.4) (7.6) Management and other administrative expenses $m (4.0) (3.7) (0.3) Total expenses $m (86.0) (78.2) (7.8) Equity accounted investments $m (0.3) (0.2) (0.1) Funds from operations1 $m 110.9 109.3 1.6 Weighted average units on issue m 634.9 634.9 - Funds from operations per unit1 cpu 17.5 17.2 0.3 Distribution $m 103.5 101.6 1.9 Distribution per unit cpu 16.3 16.0 0.3 Payout ratio % 93 93 - Delivered guidance of 16.3cpu for FY25 Reflects increase in cost of debt Delivered FFO guidance of 17.5cpu in FY25 Strong re-leasing spreads driving 5.8% like for like NOI growth 13Centuria ASX:CIP 13Centuria ASX:CIP 1. FFO is CIP’s underlying and recurring earnings from its operations. This is calculated as the statutory net profit adjusted for certain non-cash and other items. For personal use only
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14Centuria ASX:CIP Capital management $455m refinanced Strong lender support on competitive terms in FY25 Baa2 stable Moody’s rating maintained Strong balance sheet maintained with 33.2%1,2 proforma gearing. 86% debt hedged3 1. Gearing is defined as total interest bearing liabilities divided by total assets. 2. Proforma adjustment for divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. 3. Includes $75m of forward dated swaptions commencing December 2025. 4. Exchangeable Note at Face Value of $300m. 5. Exchangeable Note on a 5 year term. Noteholders have a one -off Put Option to redeem the notes in year 3 (March 2026) at 100% of the face value. 6. Assumes Exchangeable Note is redeemed in March 2026. Weighted average debt expiry increases to 3.1years if the Notes are not redeemed. 7. Assumes all swaptions are not exercised. Weighted average hedge maturity increases to 1.4 years if these options are exercise d. 8. Interest cover is defined as earnings before interest, tax depreciation and amortisation (EBITDA) divided by interest expense . 300 250 200 355 50 350 300 FY26 FY27 FY28 FY29 FY30 FY31 Key debt metrics FY25 FY24 Facility limit4 $m 1,805 1,505 Drawn amount4 $m 1,363 1,348 Headroom $m 442 157 Weighted average debt expiry year 2.96 3.3 Proportion hedged % 863 93 Weighted average hedge maturity year 1.17 1.9 All in cost of debt % 4.5 3.9 Interest cover ratio8 times 2.6 2.9 Gearing1 % 33.22 34.0 Debt and hedge maturity profile ($m) Domestic and International banks A$MTN Exchangeable note4,5 Possible exchangeable note put option exercise • Current Exchangeable Noteholders have the right to redeem Exchangeable Notes for 100% of the principal amount in March-2026 (Put Option). Whether, and to what extent, Exchangeable Noteholders will elect to exercise the Put Option is unknown and will depend on market conditions at the time. • Sufficient debt facilities have already been secured should the Put Options be exercised • Alternatively, if there is market appetite, CIP may issue a similar product that would replace the existing Exchangeable Note. For personal use only
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Operational performance Section three 82 RODEO DRIVE, GREGORY HILLS NSW For personal use only
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16Centuria ASX:CIP Australia’s largest listed domestic pure-play industrial REIT 1. At CIP ownership share of joint venture assets. 2. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works. 3. Includes landholding on development projects. WA 9% total portfolio 5.1 yrs WALE SA 3% total portfolio 5.3 yrs WALE Vic 36% total portfolio 9.4 yrs WALE Qld 20% total portfolio 9.2 yrs WALE NSW 32% total portfolio 4.1 yrs WALE 100% exposure to Australian industrial property Portfolio snapshot FY251 Number of assets # 87 Book value $m 3,890 WACR % 5.86 GLA sqm 1,293,790 Average asset size sqm 14,871 Average tenancy size sqm 7,610 Occupancy by income2 % 95.1 WALE by income2 years 7.1 Landholding3 ha 296 Freehold ownership % 99 Located in infill markets % 85 Number of tenant customers # 127 88% Australian east coast exposure 85% Located in core urban infill markets For personal use only
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17Centuria ASX:CIP High quality tenant customers CIP’s portfolio is constructed to attract and service some of Australia's best industrial tenant customers 1. By income Tenant industry sector diversifications 1 92% Listed, multinational or national tenant customers 8% Other Top 10 tenant customers Income Locations Telstra 9% 1 Woolworths 7% 4 Arnott’s 7% 2 AWH 4% 2 Visy 4% 2 Fantastic Furniture 2% 1 Green’s General Foods 2% 2 Bidfood Australia 2% 1 Opal ANZ 2% 1 K&S Freighters 2% 1 30% of portfolio GLA multi-location customers. 99% of leases are net or triple net. Leveraging CIP’s scale to generate a ‘networking effect’ to grow and service customers across multiple locations. Strong relationships providing insights and visibility on future demand. For personal use only
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18Centuria ASX:CIP $42.0m / 15% premium to book value $38.0m / 23% premium to book value $33.6m / in line with book value $26.8m / 11% premium to book value 680 BOUNDARY ROAD, RICHLANDS QLD369 RIVERGATE PLACE, MURARRIE QLD2 616 BOUNDARY ROAD, RICHLANDS QLD75-95 & 105 CORIO QUAY ROAD, GEELONG VIC Disposals consistently above book value support buy-back rationale $140m of divestments in FY25 at an average 12% premium to book value1 FY25 divestments delivered c.12-19% IRR Divestments highlight substantial opportunity for future valuation growth $260m of non-core divestments since FY23 at an average 8% premium to book values FY25 non-core divestments 1. Includes divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. Settlement expected in FY26. 2. Exchanged in May 2025. Settlement expected in August 2025. 3. Exchanged in July 2025. Settlement expected in April 2026. For personal use only
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19Centuria ASX:CIP FY25 strategic acquisitions • Strong track record in creating critical mass and future redevelopment optionality in land constrained markets. • Strategic consolidation achieved through targeted individual acquisitions. • Fit for purpose assets provide ongoing lease income and value-add development optionality in the medium to long term. 1. Under a co-ownership agreement, CIP maintains equal voting rights on the management of the asset and has a pre -emptive right to purchase the remaining interest in the asset. Studley Court, Derrimut Vic Fulton Drive, Derrimut Vic Port of Melbourne Vic 2 3 4 1 Wetherill Park NSW – see next page 876 LORIMER STREET, PORT MELBOURNE VIC • $8m acquisition • Adjoins CIP-owned 870 Lorimer Street, consolidating 0.5ha site • Location provides medium-term opportunity to develop 160+ apartments 7-11 & 25-27 GAUGE CIRCUIT, CANNING VALE WA • $11.6m acquisition of 30% interest1 • Adjoins CIP-owned 16-18 Baile Road, Canning Vale • Capital efficient investment with pre-emptive rights to acquire remaining 70% interest Unlocking organic growth opportunities across CIP’s deliberately curated portfolio For personal use only
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20Centuria ASX:CIP Portfolio valuations 1. Weighted average capitalisation rate (WACR). 2. Based on management estimate of comparable land sales. 3. NTA per unit is calculated as net assets divided by number of units on issue. 4. Reflects gross increase. Excludes capital expenditure incurred. 5. At CIP ownership share of joint venture assets. 6. Past performance is not a reliable indicator of future performance. 7. Based on closing unit price of $3.12 on 30 June 2025. 8. The example growth is based on the premium to book valuations that was achieved in recent divestments. This assumes that simi lar valuation growth could potentially be achieved across other assets in the future. This is not a forecast or guarantee and is provided for illustrative purposes onl y. c.42% of the portfolio by value externally revalued in June 2025 WACR1 5.86% Active portfolio 6.0% c.60% underpinned by land value2 Four assets divested in FY25 at or above book value. An average 12% premium underpins CIP portfolio valuations and NTA3 FY25 valuation ($’000) FY24 valuation ($’000) Valuation movement4 ($’000) FY25 WACR1 FY24 WACR1 Movement WACR1 Like for like portfolio/ weighted average summary 5,6 3,841 3,737 104 5.86% 5.79% 0.07% Acquisitions 20 - 20 6.18% Divestments - 86 (86) 6.57% Development 30 11 19 Total portfolio/ weighted average 3,890 3,834 56 5.86% 5.81% 0.05% Sensitivity assuming future valuation growth aligned with recent divestment metrics8 CIP trades at a c.20% discount to current NTA 3,890 4,357 Current Adjusted for 12% valuation growth Book value 3.92 4.65 Current Adjusted for 12% valuation growth NTA 7 For personal use only
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21Centuria Centuria and CIP memberships CIP ESG highlights 1. CIP will account for zero scope 2 emissions by being powered by the equivalent of 100% renewable electricity through a combin ation of on-site solar and large scale generation certificate deals which match our consumption. The zero scope 2 target applies to scope 2 emissions for existing assets that fall under the operational control of CIP. 2. CPF2L is the Responsible Entity Board for CIP. 3. 5 star Green Star Buildings v1 targeted for 13 -19 Caribou Drive, Direk Vic and 50-64 Mirage Road, Direk Vic. 21 JAY STREET, TOWNSVILLE QLD Centuria ASX:CIP 21 Supporting partner Climate change (Environment) Targeting zero scope 2 emissions by 20281 Valued stakeholders (Social) Centuria raised c.$500k for community groups and charities and spent c.$280k with certified social enterprises 90% of Centuria employees are proud to work at Centuria 50% female representation on CIP Board2 Responsible business practices (Governance) Targeting portfolio-wide Green Star Performance v2.0 rating GRESB participation with results expected in October 2025 c.2,200 courses completed by Centuria staff across compliance competencies, risk and safety Developments underway targeting 5 star Green Star ratings3 For personal use only
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Development Section four ARTIST IMPRESSION: 346 BOUNDARY ROAD, DERRIMUT VIC For personal use only
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23Centuria ASX:CIP Development summary CIP has established a track record in unlocking embedded value from infill sites. 1. On a gross basis. Excludes capital expenditure incurred. 2. Estimated value on completion. Includes land, development cost and estimated development upside. Development funding of ~$140m over the next 12-24 months could be satisfied by limited ongoing asset sales alone. 100% of future development pipeline currently income producing providing optionality and timing flexibility. 100% of future development pipeline is in infill markets where supply is severely constrained. 4 ~60,500 sqm ~$140m ~$245m projects GLA Devex end value2 15-19 Caribou Drive, Direk SA Construction completed on a new c.6,700sqm modern industrial facility to meet substantial demand in Adelaide. Adjoins CIP-owned 9-13 Caribou Drive. Lease terms agreed prior to completion delivering a +7% yield on cost Current projects 50-64 Mirage Road, Direk SA Commenced c.21,000sqm development with flexible design, which can be split into three separate tenancies ranging from 4,000sqm to 10,000sqm. Expected practical completion Q3FY26. 102-128 Bridge Road, Keysborough Vic Major refurbishment of c.8,700sqm cold store tenancy complete. The tenancy was fully leased prior to completion resulting in $18m valuation uplift in June 20251 Completed projects 1 ~21,000 sqm ~$34m ~$47m project GLA Devex end value2 Current project estimates 12-24 month pipeline estimates Strategic divestments can continue to support development funding requirements For personal use only
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24Centuria ASX:CIP CIP data centre exposure TELSTRA DATA CENTRE, CLAYTON VIC Centuria data centre capability • Centuria has a 50% JV with data centre operator, ResetData, together launching the first Australian sovereign public AI-Factory. • Sovereign data policy requires data on Australian citizens to be captured and retained in Australia – significantly driving demand for domestic DC infrastructure. Next generation of data centres • Liquid cooling replaces air for better efficiency and heat management. • High density racks boost compute power in smaller spaces , potentially reducing footprints. • AI region architectural require higher power than those seen traditionally. Next wave of data centre expansion • Cloud and enterprise co-location remains strong but the growth of AI workloads is driving demand for data centre capacity, power and cooling. • Notably, a new wave of AI providers, many transitioning from crypto, are entering the market, bringing more power rich deployments. • Centuria conducting preliminary power availability assessments and development potential across four CIP sites. 24Centuria ASX:CIP • Infill assets, located closer to the end users, are ideal for data centres as they reduce latency, enhance real time data processing and improved overall user experience while leveraging existing infrastructure. • CIP manages over $450 million of data centre properties. • Bluechip customers include Telstra and Fujitsu.For personal use only
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Outlook and guidance Section five 870 & 876 LORIMER STREET, PORT MELBOURNE VIC For personal use only
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26Centuria ASX:CIP +5.0% p.a. Projected NOI growth over the medium term c.20% under-renting1 +12% premium achieved on sales Provides opportunity for future valuation growth c.60% Valuations underpinned by land2 FY26 priorities 9-13 CARIBOU DRIVE, DIREK SA Generate further earnings growth through leasing and mark to market of significant under-renting. Further progress CIP’s development pipeline, contributing to NTA and earnings growth. Consideration of ways to further leverage Centuria’s industrial capability including potential joint ventures and unit or asset acquisitions from Centuria’s unlisted industrial funds. Continued assessment of sub-sector strategies including the Data Centre potential and composition across the CIP portfolio. 1. Based on management estimates. 2. Based on management estimates on comparable land sales. Generate earnings and NTA accretion via conducting an on market buy-back. 26Centuria ASX:CIP 26Centuria ASX:CIP For personal use only
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27Centuria ASX:CIP FY26 guidance1 1. Guidance remains subject to unforeseen circumstances and material changes in operating conditions. WETHERILL PARK INDUSTRIAL ESTATE NSW FFO per unit1 18.0c – 18.5c Distribution per unit1 16.8c Distributions expected to be paid in quarterly instalments 27Centuria ASX:CIP Up to 6% above FY25 3% above FY25For personal use only
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Appendices STUDLEY COURT INDUSTRIAL ESTATE VIC Section six Appendix A: Growth drivers for industrial real estate Appendix B: Sydney and Melbourne industrial land supply Appendix C: Exposure to the major industrial sub-sectors Appendix D: CIP portfolio Appendix F: Lease expiry by state Appendix F: Key vacancies and upcoming expiries Appendix G: Income statement Appendix H: FFO reconciliation Appendix I: Balance sheet Appendix J: Hedging profile Appendix K: Portfolio valuation summary Appendix L: Investment property portfolio For personal use only
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29Centuria ASX:CIP Appendix A: Growth drivers for industrial real estate Key themes providing market tailwinds 1. Source: Colliers Research – The Essential Core of I&L Demand. Demographics1Increased ecommerce adoption1 Supply imbalance1 • Recent population growth indicates c.5.5sqm of Australian industrial demand per capita • Industrial market would need to expand by 20% to accommodate increased projected population growth by 2030, from current c.4.5sqm per capita • Changing demographic shifts and technology advancements adding further complexity to space requirement. • Each additional c.$1bn of online sales requires c.300,000 – 350,000 sqm of specialised 3PL or fulfilment industrial facilities. • Average annual demand of 1.5million sqm projected from 2025 to 2030 to support the growth in online retail penetration. • Higher construction costs, capital constraints and continued planning delays impacting supply. • Only 16 million sqm of long-term future developments expected due to constraints on land availability. • Only 5yrs of land supply available for development. Fresh food and pharmaceutical demand1 Increased data centre demand Onshoring • Increased consumption of fresh produce and increased fresh food exports. • An ageing population increasing pharmaceutical demand. Every $1bn of health expenditure generates c.5,500 – 6,000sqm of temperature-controlled facilities. • Australia has materially lower refrigerated warehouse capacity than comparable international markets. • Rapid growth by significant activity in generative AI related industries, cloud, content and gaming. • Continued expansion by US based public cloud providers in Australia to further drive demand. • Organisations continue to build supply chain resilience and reduce cost volatility through onshoring/reshoring elements of production and assembly. • Advances in technology and automation making onshoring more efficient and cost effective. For personal use only
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30Centuria ASX:CIP Sydney industrial land supply • New land supply concentrated around the new Badgerys Creek Airport precinct, Kemps Creek and Eastern Creek. • Current planning delays and increased infrastructure costs delaying new supply coming to market. Melbourne industrial land supply • Majority of urban infill markets currently built out with minimal supply response available. • Urban fringe markets of Truganina and Ravenhall in the outer West and Pakenham in the outer south east provide the majority of Melbourne’s industrial land supply. LAND SUPPLY – SOURCE SA1 PROPERTY INCLUDES INDUSTRIAL ZONED LAND AND UNZONED POTENTIAL FUTURE LAND SUPPLY CIP’s portfolio is well positioned in supply constrained urban infill markets and largely insulated from the supply response Appendix B CIP assets For personal use only
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31Centuria ASX:CIP Appendix C: Exposure to the major industrial sub-sectors1 A well-balanced portfolio across the major industrial sub-sectors 1. By value. 1% development land. Cold storageManufacturing and production Transport logisticsDistribution centres Data centres BIBRA LAKE, WA SOMERTON, VIC ENFIELD, NSW DERRIMUT, VIC CAVAN, SA ARNDELL PARK, NSW BANYO, QldCLAYTON, VIC GIRRAWEEN, NSW 7% portfolio value 24% portfolio value 14% portfolio value 42% portfolio value 12% portfolio value MALAGA, WA For personal use only
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32Centuria ASX:CIP Appendix D: CIP portfolio An active portfolio providing exposure to strong market rental growth and value-add opportunities 1. CIP Active portfolio excludes assets with a WALE of greater than 15 years, being Telstra Data Centre, Clayton Vic and 46 Robi nson Road East, Virginia Qld. 2. At CIP ownership share of joint venture assets. 3. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works. 1 ASHBURN ROAD, BUNDAMBA QLD Active portfolio1,2 Long WALE portfolio 85 assets 2 assets $3,221m Book value $670m Book value 6.0% WACR 5.1% WACR 1,221,898 sqm Gross lettable area 71,892 sqm Gross lettable area 94.2% Occupancy by income3 100.0% Occupancy by income 4.1 years WALE by income 24.9 years WALE by incomeby income 286 ha Landholding 10 ha Landholding Long WALE portfolio • Long WALE portfolio generates stable cashflow under triple net income streams; Leased to iconic Australian blue-chip brands, Telstra and Arnott’s. • Stable cashflows provide income ballast for CIP to undertake value-add and development opportunities across the active portfolio. Active portfolio • An active portfolio providing exposure to strong market rental growth and value-add opportunities. • 286ha of land with 99% freehold ownership; Valuations substantially underpinned by an average land value of c.$1,100/sqm. 32Centuria ASX:CIP For personal use only
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33Centuria ASX:CIP Appendix E: Leasing expiry by state Sub portfolio expiry profile (% by income) 1. SA: WALE 5.3-years, occupancy 100%; GLA 58,399 sqm; 8.0% Expiry in FY27; 8.3% Expiry in FY29; 83.7% Expiry in FY30+. 9.1 3.9 11.7 8.5 14.0 52.9 Vacant FY26 FY27 FY28 FY29 FY30+ WALE 4.1yrs OCCUPANCY 90.9% GLA 388,483 sqm 5.8 7.3 13.9 12.8 7.3 52.9 Vacant FY26 FY27 FY28 FY29 FY30+ WALE 9.2yrs OCCUPANCY 94.2% GLA 233,349 sqm 2.8 4.8 14.3 7.8 19.7 50.6 Vacant FY26 FY27 FY28 FY29 FY30+ WALE 9.4yrs OCCUPANCY 97.2% GLA 406,611sqm - 9.5 0.7 7.9 17.7 64.2 Vacant FY26 FY27 FY28 FY29 FY30+ WALE 5.1yrs OCCUPANCY 100% GLA 189,605 sqm NSW Vic Qld WA For personal use only
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34Centuria ASX:CIP Appendix F: Key vacancies and upcoming expiries 1. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works. 2. Excludes 74-94 Newton Road, Wetherill Park NSW and 346 Boundary Road, Derrimut Vic which are earmarked for development. 3. CIP owns 50% of this asset. 23-41 GALWAY AVENUE, MARLESTON SA Current key vacancies1 GLA (SQM) % of portfolio area 56-88 Lisbon Street, Fairfield East 23,588 1.8 22 Hawkins Crescent, Bundamba 18,956 1.5 90 Bolinda Road, Campbellfield 9,311 0.7 164-166 Newton Road, Wetherill Park 7,893 0.6 51 Musgrave Road, Coopers Plains 3,550 0.3 870 Lorimer Street, Port Melbourne 2,392 0.2 Upcoming key expiries2 GLA (SQM) % of portfolio area Expiry period 513 Mt Derrimut Road, Derrimut 12,695 1.0 2H FY26 680 Boundary Road, Richlands 12,633 1.0 2H FY26 95-105 South Gippsland Highway, Dandenong South3 6,802 0.5 1H FY26 55 Musgrave Road, Cooper Plains 6,325 0.5 2H FY26 49 Temple Drive, Thomastown 5,471 0.4 2H FY26 51 Musgrave Road, Coopers Plains 5,293 0.4 1H FY26 48-54 Kewdale Road, Welshpool 5,275 0.4 1H FY26 102-128 Bridge Road, Keysborough 4,286 0.3 Various For personal use only
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35Centuria ASX:CIP Appendix G: Income statement 1. FFO is the Trust’s underlying and recurring earnings from its operations. This is calculated as the statutory net profit adju sted for certain non-cash and other items. 149 KERRY ROAD, ARCHERFIELD QLD FY25 FY24 Revenue Net property income $’000 192,323 180,812 Other income $’000 0 2,231 Share of net profit of equity accounted investments $’000 3,468 3,117 Interest income $’000 1,364 1,436 Total revenue $'000 197,155 187,596 Expenses Responsible entity fees $’000 (23,023) (23,092) Finance costs $’000 (58,967) (51,382) Management and other administrative expenses $’000 (3,998) (3,677) Total expenses $'000 (85,988) (78,151) Funds from operations (consolidated) $'000 111,167 109,445 Equity accounted investments $’000 (276) (187) Funds from operations1 $’000 110,890 109,258 Straight lining of rental income $’000 8,782 6,179 Net gain on fair value of investment properties $’000 47,416 (37,880) Gain / (loss) on swap revaluation $’000 (8,098) (12,961) Rent free abatement $’000 (20,717) (12,190) Amortisation of incentives and leasing fees $’000 (5,383) (4,322) Other transaction related costs $’000 (105) (122) Non controlling interest - Statutory adjustment $’000 276 187 Statutory net profit (attributable to CIP) $'000 133,061 48,149 35Centuria ASX:CIP For personal use only
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36Centuria ASX:CIP Appendix H: FFO Reconciliation 1. FFO is the Trust’s underlying and recurring earnings from its operations. This is calculated as the statutory net profit adju sted for certain non-cash and other items. 140 FULTON DRIVE, DERRIMUT VIC 36Centuria ASX:CIP FFO per unit cents 17.5 17.2 Distribution per unit cents 16.3 16.0 Maintenance capex ($'000) 8,616 6,734 Capex incentives ($'000) 2,587 648 Statutory net profit (attributable to CIP) ($'000) 133,061 48,149 Straight lining of rental income ($'000) (8,782) (6,179) Net (gain) on fair value of investment properties ($'000) (47,416) 37,880 (Gain) / loss on swap revaluation ($'000) 8,098 12,961 Rent free abatement ($'000) 20,717 12,190 Amortisation of incentives and leasing fees ($'000) 5,383 4,322 Other transaction related costs ($'000) 105 122 Non controlling interest - Statutory adjustment ($'000) (276) (187) Funds from operations1 ($'000) 110,890 109,258 Distribution ($'000) 103,492 101,588 FY25 FY24 For personal use only
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37Centuria ASX:CIP Appendix I: Balance sheet 1. Drawn debt net of borrowing costs. 2. NTA per unit is calculated as net assets divided by number of units on issue. 3. Gearing is defined as total interest-bearing liabilities divided by total assets. 4. Proforma adjustment for divestment of 69 Rivergate Place, Murarrie Qld which exchanged in May 2025 and 680 Boundary Road, Richlands Qld which exchanged in July 2025. 29 PENELOPE CRESCENT, ARNDELL PARK NSW FY25 FY24 Cash $’000 15,038 16,536 Investment properties $’000 3,819,555 3,764,000 Equity accounted investments $’000 71,168 71,015 Trade & other receivables $’000 22,149 19,488 Derivative financial instruments $’000 510 12,380 Total assets $'000 3,928,420 3,883,419 Interest bearing liabilities1 $’000 1,359,202 1,334,878 Derivative financial instruments $’000 15,420 29,859 Other liabilities $’000 66,519 60,972 Total liabilities $'000 1,441,141 1,425,709 Net assets $'000 2,487,279 2,457,710 No. units on issues ‘000 634,931 634,931 Net tangible assets per unit2 $ 3.92 3.87 Gearing3 % 33.24 34.0 37Centuria ASX:CIP For personal use only
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38Centuria ASX:CIP Appendix J: Hedging profile 60-80 SOUTHLINK ROAD, PARKINSON QLD 751 417 217 34 3.2% 3.2% 3.2% 3.0% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% $0 $100 $200 $300 $400 $500 $600 $700 $800 FY26 FY27 FY28 FY29 Avg. hedging Avg. hedge rate • Average hedging and hedge rate above excludes the $300m exchangeable note issued with an all-in coupon of 3.95% • Assumes all extendable swaptions are exercised 38Centuria ASX:CIP millions 1 1. Includes $75m of forward dated swaptions commencing December 2025. For personal use only
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39Centuria ASX:CIP Appendix K: Portfolio valuation summary1,2 1. Past performance is not a reliable indicator of future performance. 2. At CIP ownership share of joint venture assets. 3. Reflects gross increase. Excludes capital expenditure incurred. 4. Weighted average capitalisation rate. 10-12 WILLIAMSON ROAD, INGLEBURN NSW FY25 valuation FY24 valuation Valuation movement3 FY25 WACR4 FY24 WACR4 Movement WACR4 State ($M) ($M) ($M) (%) (%) (%) (BPS) NSW 1,229 1,167 62 10.7% 5.78% 5.72% 0.06% Vic 1,383 1,349 35 2.7% 5.60% 5.49% 0.10% Qld 774 776 (2) (0.3%) 6.02% 5.98% 0.04% WA 354 349 5 1.5% 6.78% 6.76% 0.01% SA 101 97 4 3.8% 5.88% 5.76% 0.12% Like for like portfolio/ weighted average 3,841 3,737 104 2.8% 5.86% 5.79% 0.07% Acquisitions 20 - 20 6.18% Divestments - 86 (86) 6.57% Development 30 11 19 Total portfolio/ weighted average 3,890 3,834 56 1.5% 5.86% 5.81% 0.05% For personal use only
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40Centuria ASX:CIP Appendix L: Investment portfolio 1. By income Property Ownership Book value ($m) Cap rate GLA (SQM) WALE (YRS)1 Occupancy %1 Sub sector NSW 56-88 Lisbon Street, Fairfield East 100% 200.0 5.50% 60,223 0.7 53.0% Distribution Centre 2 Woolworths Way, Warnervale 100% 105.0 6.25% 54,196 6.1 100.0% Distribution Centre 10 Williamson Road, Ingleburn 100% 97.0 6.00% 27,377 5.1 100.0% Manufacturing 92-98 Cosgrove Road, Enfield 100% 89.0 5.75% 20,051 4.7 100.0% Transport Logistics 67-69 Mandoon Road, Girraween 100% 85.0 5.75% 25,418 2.4 100.0% Cold Storage 37–51 Scrivener Street, Warwick Farm 100% 77.0 5.88% 28,629 7.0 100.0% Manufacturing 82 Rodeo Road, Gregory Hills 100% 74.0 5.63% 22,481 5.5 100.0% Transport Logistics 12 Williamson Road, Ingleburn 100% 66.8 5.75% 22,240 11.3 100.0% Manufacturing 457 Waterloo Road, Chullora 100% 50.0 5.88% 16,051 5.3 100.0% Transport Logistics 164 Newton Road, Wetherill Park 100% 47.8 5.75% 11,883 1.8 38.7% Distribution Centre 6 Macdonald Road, Ingleburn 100% 47.5 6.00% 12,370 3.7 100.0% Transport Logistics 160 Newton Road, Wetherill Park 100% 42.5 6.00% 13,233 3.3 100.0% Distribution Centre 74-94 Newton Road, Wetherill Park 100% 39.5 6.25% 15,378 0.5 100.0% Distribution Centre 29 Penelope Crescent, Arndell Park 100% 35.1 5.50% 9,419 1.4 100.0% Distribution Centre 29 Glendenning Road, Glendenning 51% 33.8 5.75% 10,862 3.4 100.0% Manufacturing 8 Penelope Crescent, Arndell Park 100% 33.2 5.50% 11,420 2.2 100.0% Distribution Centre 144 Hartley Road, Smeaton Grange 100% 25.8 5.50% 8,710 4.8 100.0% Distribution Centre 52-74 Quarry Road, Erskine Park 51% 19.4 5.50% 4,131 1.4 100.0% Distribution Centre 8 Lexington Drive, Bella Vista 51% 17.5 5.50% 4,458 6.8 100.0% Distribution Centre 75 Owen Street, Glendenning 100% 16.0 5.75% 4,670 0.8 100.0% Distribution Centre 8 Hexham Place, Wetherill Park 100% 15.4 5.75% 3,217 3.4 100.0% Distribution Centre 11 Hexham Place, Wetherill Park 100% 11.7 5.25% 2,066 4.4 100.0% Distribution Centre Vic Telstra Data centre, Clayton 100% 417.0 5.00% 27,107 25.2 100.0% Data Centre 90-118 Bolinda Road, Campbellfield 100% 115.0 5.38% 45,422 3.1 81.6% Distribution Centre 207-219 Browns Road, Noble Park 100% 74.3 6.25% 43,321 2.8 100.0% Distribution Centre 102–128 Bridge Road, Keysborough 100% 69.0 6.38% 24,739 5.6 99.1% Transport Logistics 324-332 Frankston-Dandenong Road, Dandenong South 100% 62.0 5.85% 28,821 2.0 100.0% Distribution Centre 45 Fulton Drive, Derrimut 100% 59.5 5.50% 10,848 1.2 100.0% Cold Storage 24-32 Stanley Drive, Somerton 100% 53.0 5.75% 24,350 10.1 100.0% Manufacturing 95-105 South Gippsland Highway, Dandenong South 50% 51.7 5.38% 20,265 2.6 100.0% Distribution Centre 110 Northcorp Boulevard, Broadmeadows 100% 40.2 5.50% 15,375 7.4 100.0% Manufacturing 2 Keon Parade, Keon Park 100% 37.8 6.00% 18,805 6.1 100.0% Manufacturing For personal use only
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41Centuria ASX:CIP Appendix L: Investment portfolio 1. By income Property Ownership Book value ($m) Cap rate GLA (SQM) WALE (YRS)1 Occupancy %1 Sub sector Vic (continued) 14-17 Dansu Court, Hallam 100% 35.0 6.25% 17,070 4.3 100.0% Transport Logistics 500 Princes Highway, Noble Park 100% 33.3 7.00% 13,925 2.7 91.0% Transport Logistics 30 Fulton Drive, Derrimut 100% 30.8 5.63% 13,130 - 0.0% Distribution Centre 513 Mt Derrimut Rd, Derrimut 100% 28.0 6.00% 12,695 0.8 100.0% Transport Logistics 590 Heatherton Road, Clayton South 100% 26.0 5.50% 9,575 6.5 100.0% Distribution Centre 12–13 Dansu Court, Hallam 100% 25.5 6.00% 11,527 3.3 100.0% Distribution Centre 140 Fulton Drive, Derrimut 100% 23.0 6.00% 11,405 3.2 100.0% Distribution Centre 69 Studley Court, Derrimut 50% 22.9 6.00% 7,183 4.5 100.0% Transport Logistics 49 Temple Drive, Thomastown 100% 22.3 6.00% 12,668 1.4 100.0% Manufacturing 51-65 Wharf Road, Port Melbourne 100% 22.2 5.25% 3,720 8.0 100.0% Distribution Centre 159-169 Studley Court, Derrimut 100% 22.2 5.75% 7,725 4.6 100.0% Distribution Centre 179 Studley Court, Derrimut 100% 19.6 6.00% 10,106 2.9 100.0% Distribution Centre 119 Studley Court, Derrimut 100% 15.3 6.00% 5,497 3.2 100.0% Distribution Centre 870 Lorimer Street, Port Melbourne 100% 14.0 5.25% 2,392 - 0.0% Distribution Centre 95 Fulton Drive, Derrimut 100% 14.0 6.00% 5,331 1.5 100.0% Distribution Centre 43-49 Wharf Road, Port Melbourne 100% 12.5 5.50% 2,378 4.0 100.0% Distribution Centre 346 Boundary Road, Derrimut 100% 11.1 6.50% 4,213 - 0.0% Distribution Centre 40 Scanlon Drive, Epping 50% 11.1 6.25% 4,685 5.0 100.0% Distribution Centre 31-35 Hallam Road, Hallam 100% 7.8 6.25% 4,823 1.2 100.0% Transport Logistics 85 Fulton Drive, Derrimut 100% 7.8 6.25% 3,419 2.1 100.0% Distribution Centre 876 Lorimer Street, Port Melbourne 100% 8.0 5.00% 1,436 6.3 100.0% Distribution Centre Qld 46 Robinson Road East, Virginia 100% 252.5 5.25% 44,785 24.5 100.0% Manufacturing 1 Lahrs Road, Ormeau 100% 52.8 6.00% 9,544 9.7 100.0% Cold Storage 60-80 Southlink Road, Parkinson 100% 52.5 6.00% 8,430 1.4 100.0% Cold Storage 33-37 & 43-45 Mica Street, Carole Park 100% 42.1 6.50% 18,213 4.2 100.0% Manufacturing 69 Rivergate Place, Murarrie 100% 42.0 6.50% 11,353 2.9 100.0% Distribution Centre 149 Kerry Road, Archerfield 100% 40.0 6.50% 13,774 4.0 100.0% Manufacturing 46 Gosport Street, Hemmant 100% 38.5 6.50% 12,578 2.2 100.0% Manufacturing 22 Hawkins Crescent, Bundamba 100% 35.5 6.75% 18,956 - 0.0% Distribution Centre 680 Boundary Road, Richlands 100% 31.0 5.75% 12,633 0.8 100.0% Distribution Centre For personal use only
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42Centuria ASX:CIP Appendix L: Investment portfolio 1. By income 2. Excludes development assets and 30 Fulton Drive, Derrimut Vic which has been withdrawn and currently undergoing significant repositioning works Property Ownership Book value ($m) Cap rate GLA (SQM) WALE (YRS)1 Occupancy %1 Sub sector Qld (continued) 21 Jay Street, Townsville 100% 28.3 7.50% 10,291 6.9 100.0% Distribution Centre 1 Ashburn Road, Bundamba 50% 24.0 6.75% 13,314 4.6 100.0% Distribution Centre 5/243 Bradman Street, Acacia Ridge 100% 23.1 6.25% 9,884 4.3 100.0% Distribution Centre 51 Depot Street, Banyo 100% 21.4 5.63% 4,099 8.5 100.0% Cold Storage 55 Musgrave Road, Coopers Plains 100% 21.3 6.75% 10,962 2.1 100.0% Transport Logistics 31 Gravel Pit Road, Darra 100% 19.9 6.00% 9,083 1.9 100.0% Distribution Centre 35 Cambridge Street, Coorparoo 100% 14.8 6.50% 5,902 3.0 100.0% Manufacturing 24 West Link Place, Richlands 100% 13.6 6.25% 5,062 3.3 100.0% Transport Logistics 42 Hoepner Road, Bundamba 50% 10.8 6.25% 5,001 1.8 100.0% Distribution Centre 51 Musgrave Road, Coopers Plains 100% 9.8 7.50% 9,485 0.4 68.6% Distribution Centre WA 310 Spearwood Avenue, Bibra Lake 100% 80.0 7.25% 59,565 7.1 100.0% Distribution Centre Lot 14 Sudlow Road, Bibra Lake 100% 49.5 7.25% 39,485 7.1 100.0% Distribution Centre 48-54 Kewdale Road, Welshpool 100% 44.2 6.50% 19,029 2.8 100.0% Distribution Centre 16 Mulgul Road, Malaga 100% 39.0 6.50% 6,561 5.3 100.0% Data Centre 204-208 Bannister Road, Canning Vale 100% 34.0 6.25% 12,383 5.4 100.0% Distribution Centre 103 Stirling Cres & 155 Lakes Rd, Hazelmere 100% 33.8 6.34% 9,970 2.2 100.0% Manufacturing 23 Selkis Road, Bibra Lake 100% 32.3 6.50% 19,173 7.0 100.0% Manufacturing 16-18 Baile Road, Canning Vale 100% 25.6 6.75% 11,048 3.2 100.0% Transport Logistics 92 Robinson Avenue, Belmont 100% 15.8 7.00% 7,019 4.0 100.0% Transport Logistics 7-11 & 25-27 Gauge Circuit, Canning Vale 30% 11.6 7.00% 5,373 2.3 100.0% Transport Logistics SA 23-41 Galway Avenue, Marleston 100% 40.0 5.75% 23,593 6.5 100.0% Manufacturing 9-13 & 15-19 Caribou Drive, Direk 100% 30.0 6.00% 13,749 4.8 100.0% Distribution Centre 32-54 Kaurna Avenue, Edinburgh Park 100% 25.0 6.00% 12,825 6.5 100.0% Manufacturing 27-30 Sharp Court, Cavan 100% 20.8 5.88% 8,232 2.3 100.0% Distribution Centre TOTAL STABILISED 3,875.4 5.86% 1,293,790 7.1 95.1%2 50-64 Mirage Road, Direk 100% 14.8 Development TOTAL PORTFOLIO 3,890.2 5.86% 1,293,790 7.1 95.1%2 For personal use only
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43Centuria ASX:CIP Disclaimer This presentation has been prepared by Centuria Property Funds No.2 Limited (ABN 38 133 363 185, AFSL 340304) (CPF2L) as responsible entity of Centuria Industrial REIT (ARSN 099 680 252) (‘CIP’ or the ‘Trust’). This presentation contains selected summary information and does not purport to be all-inclusive or to contain all of the information that may be relevant, or which a prospective investor may require in evaluations for a possible investment in CIP. It should be read in conjunction with CIP’s periodic and continuous disclosure announcements. The recipient acknowledges that circumstances may change and that this presentation may become outdated as a result. This presentation and the information in it are subject to change without notice and CPF2L is not obliged to update this presentation. This presentation is provided for general information purposes only. It is not a product disclosure statement, pathfinder document or any other disclosure document for the purposes of the Corporations Act and has not been, and is not required to be, lodged with the Australian Securities & Investments Commission. It should not be relied upon by the recipient in considering the merits of CIP or the acquisition of securities in CIP. Nothing in this presentation constitutes investment, legal, tax, accounting or other advice and it is not to be relied upon in substitution for the recipient’s own exercise of independent judgment with regard to the operations, financial condition and prospects of CIP. Past performance is not a reliable indicator of future performance The information contained in this presentation does not constitute financial product advice. Before making an investment decision, the recipient should consider their own financial situation, objectives and needs, and conduct their own independent investigation and assessment of the contents of this presentation, including obtaining investment, legal, tax, accounting and such other advice as they consider necessary or appropriate. This presentation has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. It is not an invitation or offer to buy or sell, or a solicitation to invest in or refrain from investing in, securities in CIP or any other investment product. The information in this presentation has been obtained from and based on sources believed by CPF2L to be reliable. To the maximum extent permitted by law, CPF2L and its related bodies corporate make no representation or warranty, express or implied, as to the accuracy, completeness, timeliness or reliability of the contents of this presentation. To the maximum extent permitted by law, CPF2L does not accept any liability (including, without limitation, any liability arising from fault or negligence) for any loss whatsoever arising from the use of this presentation or its contents or otherwise arising in connection with it. This presentation may contain forward-looking statements, guidance, forecasts, estimates, prospects, projections or statements in relation to future matters (‘Forward Statements’). Forward Statements can generally be identified by the use of forward looking words such as “anticipate”, “estimates”, “will”, “should”, “could”, “may”, “expects”, “plans”, “forecast”, “target” or similar expressions. Forward Statements including indications, guidance or outlook on future revenues, climate-related targets, distributions or financial position and performance or return or growth in underlying investments are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Forward Statements are subject to known and unknown risks, uncertainties, contingencies and other factors that are in some cases beyond CPF2L’s control, and which may cause actual results, performance, achievements or climate-relate targets to differ materially from those expressed or implied by the Forward Statements. No independent third party has reviewed the reasonableness of any such statements or assumptions. No member of CPF2L represents or warrants that such Forward Statements will be achieved or will prove to be correct or gives any warranty, express or implied, as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement contained in this presentation. Except as required by law or regulation, CPF2L assumes no obligation to release updates or revisions to Forward Statements to reflect any changes. The reader should note that this presentation may also contain pro forma financial information. Distributable earnings is a financial measure which is not prescribed by Australian Accounting Standards (AAS) and represents the profit under AAS adjusted for specific non-cash and significant items. The Directors consider that distributable earnings reflect the core earnings of the Trust. All dollar values are in Australian dollars ($ or A$) unless stated otherwise.For personal use only
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Sydney (head office) (02) 8923 8923 Level 41, Chifley Tower 2 Chifley Square Sydney NSW 2000 Melbourne (03) 9616 6500 Level 47 101 Collins Street Melbourne Vic 3000 Brisbane (07) 3905 7000 Suite 2802, Riverside Centre Level 28, 123 Eagle Street Brisbane Qld 4000 AUSTRALIA NEW ZEALAND Perth (08) 9321 7133 Level 27 140 St Georges Terrace Perth WA 6000 Auckland +64 (9) 300 6161 Level 2, Bayleys House, 30 Gaunt Street, Wynyard Quarter, Auckland 1010 For personal use only