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Charter Hall Retail REIT 2026 Annual General Meeting Charter Hall Retail REIT 2026 Annual General Meeting ASX:CQR
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Charter Hall Social Retail REIT 2026 Full Year Results 2 1. Independent Chair’s Address: Roger Davis 2. Retail CEO & CQR Fund Manager’s Address: Ben Ellis 3. Questions 4. Items of Business Agenda Front cover: from left Arana Hills Plaza, Arana Hills, QLD Bunnings Ampol, Dee Why, NSW Acknowledgement of Country Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We pay our respects to Elders past and present and recognise their continued care and contribution to Country. Charter Hall managed asset NAIDOC Week at 130 Lonsdale Street, Melbourne VIC Charter Hall Retail REIT 2026 Annual General Meeting 2
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1 Salamander Bay Square Salamander Bay, NSW Independent Chair’s Address: Roger Davis 3
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Charter Hall Retail REIT 2026 Annual General Meeting 4 Independent Chair’s Address Board of Directors Roger Davis Independent Chair David Harrison Managing Director & Group CEO Michael Gorman Independent Director Sue Palmer Independent Director Joanne Donovan Head of Retail Finance Ben Ellis Retail CEO & CQR Fund Manager Management Team Kate Melrose Independent Director Paul Craig Independent Director
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Charter Hall Retail REIT 2026 Annual General Meeting FY26 highlights Independent Chair’s Address Property performance Financials Capital management Property Investment value $5.2bn1 High quality convenience retail portfolio NTA per unit $5.03 +8.4% on June 25 Balance sheet gearing 2 30.9% Portfolio occupancy 99.1% +0.2% on June 25 12 month levered portfolio return 15.8% Debt margin reduction -40bps to 125bps Following debt refinance Same property NPI growth 3.0% Shopping centre +3.0%, net lease +3.0% Operating earnings 26.4cpu +4.0% on FY25 (in line with upgraded guidance) Weighted average cost of debt (WACD) 5.0% 5 Operating Earnings FY26 delivered 26.4cpu FY27 guidance 27.3cpu No less than 3.5% growth Garden State Hotel, VIC Ampol, Marsden Park, NSW Arana Hills, QLD ↑ 1. Proforma adjusted for divestment of 3 metro assets ($210m) and acquisition of Yeppoon Central, QLD ($65m) that occurred in Ju ly 26 2. Proforma adjusted for transactions above plus post balance date refinance & increase of BP Australia debt facility
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Charter Hall Group 2026 Annual General Meeting FY26 Sustainability achievements Independent Chair’s Address By integrating sustainability across our platform and leveraging our scale, we attract and retain capital while delivering for our customers and employees – creating enduring value for all. Net Zero1 Operating at Net Zero Scope 1 and Scope 2 emissions from 1 July 2025 through onsite solar, renewable electricity PPA and residual emissions compensated by nature-based carbon offsets (4%) Creating positive community impact $595k spent with Two Good Co. to deliver school holiday activations and the sales driver cookbook giveaway campaign, driving shopper engagement, while supporting over 850 hours of Charter Hall volunteering, and funding 1,000+ Littles Care Packs for children in need. ESG leadership Maintained 2 nd place among listed Retail entities in Australia and New Zealand in the 2025 GRESB Assessment and maintained an ‘A’ ranking under the GRESB Public Disclosure. Clean energy 19.5MW of solar installed across 76% of shopping centers with suitable roof space. 15.4MWh of battery capacity installed at eight sites, an uplift of 4.1MWh from FY25. First Nations Won the SCCA Community Award for the ‘Drawing Us Together’ campaign, delivered across 17 centres and engaging 1,100+ students in stories from 13 First Nations authors. Independent benchmarking Progressed towards maintaining Green Star Performance certification for the shopping centre retail portfolio under the updated rating tool. NABERS energy Maintained 5 Star NABERS Energy across shopping centre retail portfolio 2. Achieved 4.1 Star NABERS Water in shopping centre retail assets2. Uplift of 0.2 stars from FY25. Giving back during the festive season Donated over $26k to The Salvation Army Christmas Appeal through the ‘Elf-mas Hunt’ activation, with centres contributing $5 per participant to provide food, gifts and essential to families facing hardship. Responsible supply chain Strengthened frontline employees' capability to identify and respond to modern slavery risks, and deepened industry collaboration to support ongoing knowledge-sharing. Further detail is available in our sixth Modern Slavery Statement 1. For assets which the REIT owns and where Charter Hall Group has operational control, Charter Hall Group has offset Scope 1 re lated emissions and procured 100% renewable electricity for Scope 2 emissions from 1 July 2025 to reach Net Zero 2. The NABERS portfolio rating only includes assets in operational control. Data as of 30 June 2026 Environment Governance Social 6
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Charter Hall Retail REIT 2026 Annual General Meeting 2 Waverley Gardens Mulgrave, VIC Retail CEO & CQR Fund Manager’s Address: Ben Ellis 7
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Charter Hall Retail REIT 2026 Annual General Meeting Convenience Retail CQR Convenience Retail Strategy To deliver the highest property income and earnings growth from the convenience retail sector CQR Fund Manager’s Address 8 Continued Portfolio Curation Enhanced by: Active Asset Management Prudent Capital Management Non-discretionary retail which is resilient through economic cycles Income growth driven by diverse rent review structures Capex and outgoings efficient net leases Strategic locations with high visibility, convenient access and low site coverage High quality tenant covenants with long term tenure Australia’s largest Convenience Retail platform
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Charter Hall Retail REIT 2026 Annual General Meeting Charter Hall has Australia’s largest convenience retail platform Fully integrated property model with a nationwide presence for end-to-end service offering CQR Fund Manager’s Address 17 QLD SA NT TAS 122 NSW & ACT 18 VIC 12 WA 1. Includes Bunnings 2. 5 year average as ranked by Charter Hall retail tenants – Annual CentreSAT survey through Monash Business School’s ACRS Research unit 169 Retail specialists across functions & states $18bn Assets under management1 >900 Convenience retail properties #1 Preferred landlord amongst peers for five years2 9
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Charter Hall Retail REIT 2026 Annual General Meeting Portfolio Summary CQR Fund Manager’s Address – $5.3bn diversified convenience retail portfolio across shopping centres $2.5bn (51% by income) and net lease $2.8bn (49% by income) – Portfolio occupancy at 99.1% – Portfolio WALE of 7.1 years with majors WALE of 8.9 years – Tenant arrears of less than 0.5% Portfolio value by segment Convenience retail portfolio snapshot Jun 25 Jun 26 Value ($bn) 4.8 5.3 Weighted average cap rate 5.74% 5.45% Number of assets 699 730 Occupancy 98.9% 99.1% WALE 7.0 years 7.1 years Portfolio value by state NSW 34% QLD 32% WA 12% VIC 10% NZ 7% ACT, TAS, SA, NT 5% 10 Shopping Centres $2.5bn 47% Energy and Convenience $1.6bn 30% Hospitality $0.9bn 17% Bunnings $0.3bn 6%
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Charter Hall Retail REIT 2026 Annual General Meeting 100% 100% 100% 100% 100% 86% 79% 78% 75% 71% 61% - - - - - 14% 21% 22% 25% 29% 39% $2.2bn $2.5b $2.8b $2.8b $3.0b $3.3b $3.6b $4.3b $4.3b $4.0b $4.8b $5.3b - $1.0b $2.0b $3.0b $4.0b $5.0b $6.0b FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Shopping centre retail Net lease retail Total convenience retail APT1 & APT2 bp AU LWIP2 Z Energy + Gull Curation towards net lease has significantly improved tenant covenant and resilience of CQR’s income Portfolio curation and diversification Strategic shift to a diverse range of major anchor tenants and rent review mechanisms to underpin income growth in all cycles CQR Fund Manager’s Address bp NZ 53% 47% 11 Vintage of acquisition
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Charter Hall Retail REIT 2026 Annual General Meeting Strategic shift to net lease retail driving NTA growth 1. Like for like investment basis 2. Equity IRR since inception assumes average portfolio gearing for ungeared joint ventures 3. At 30 June 2026 market FX rate of 1.22 AUD/NZD - Pivot to capital efficient net lease, with asset values supported by high underlying land values and inflation linked rent growth, driving CQR’s income quality and resilience - Leveraged Charter Hall Group platform to unlock on and off market opportunities including the take private of HPI together with Sale and Lease Back of bp and Ampol portfolios in Australia and New Zealand - Delivered +$317m value creation CQR Fund Manager’s Address Equity Investment Equity Value1 Value Created Uplift % $368m 2024/2025 $440m 2026 $72m Equity IRR 20.6% 19.6% $214m 2019/2020 $364m 2026 $150m Equity IRR 16.3% 70.0% $132m 2022 $152m 2026 $20m Equity IRR 12.6%2 15.2% $131m 2019/2020 $193m 2026 $63m Equity IRR 18.1%2 48.1% $64m 2022 $85m 2026 $21m Equity IRR 19.3%2 32.8% $57m 2022 $67m 2026 $10m Equity IRR 18.5%2 17.5% Total (AUD)3 $907m $1,224m $317m Avg. Equity IRR 18.0% 35.0% NZ AU AU NZ NZ AU Australia New Zealand 12
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Charter Hall Retail REIT 2026 Annual General Meeting CQR Fund Manager’s Address Credit Rating: BBB Credit Rating: A+ Credit Rating: BBB+ Credit Rating: A- Baa1 Baa2 Non-discretionary spend supporting resilient cashflows Supported by strong tenant covenants Income by category Top 10 tenant customer groups (by base rent) 0.6% 1.1% 1.9% 2.0% 2.6% 3.4% 3.7% 4.2% 4.4% 4.7% 5.0% 5.3% 16.7% 21.7% 22.8% Homewares Mobile phones Leisure/Jewellery Other retail Apparel Food/Liquor retail General retail Non retail Bunnings Mini-majors (SC) Retail services Food catering Hospitality Energy & Convenience Majors (SC) 13 1.2% 1.4% 2.6% 3.0% 3.9% 7.4% 8.5% 10.7% 10.8% 11.6% Top 10 tenant customer groups (by base rent) 61% of rent
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Charter Hall Retail REIT 2026 Annual General Meeting Outlook and Guidance CQR Fund Manager’s Address 1. Based on FY27 DPS guidance of 26.4cps divided by CQR share price of $3.61 as at 28 October 2026 Australian population growth Limited supply driving down retail space per capita Continue to enhance portfolio quality through curation & asset management Strongest earnings growth amongst peers Continued income & NTA growth Based upon information currently available and barring unforeseen events CQR has now curated its portfolio to its target 50% shopping centre and 50% net lease convenience retail FY27 guidance FY27 operating earnings of no less than 27.3 cpu FY27 distribution per unit of no less than 26.4 cpu This represents a distribution yield1 of 7.3% OEPS growth over FY26 +3.5% DPS growth over FY26 +3.5% Capital efficiency through tenant retention & strategic partnerships 14
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Charter Hall Retail REIT 2026 Annual General Meeting 3 Bunnings Toowoomba, QLD Questions 15
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Charter Hall Retail REIT 2026 Annual General Meeting BP Kings Way South Melbourne, VIC Items of Business 16 4
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Charter Hall Retail REIT 2026 Annual General Meeting 17 Items of Business Resolution 1 Election of Independent Director – Kate Melrose To consider, and if thought fit, pass the following resolution, as an advisory, non-binding resolution of Unitholders: “That Ms Kate Melrose be elected as a Director of Charter Hall Retail Management Limited”.
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Charter Hall Retail REIT 2026 Annual General Meeting Resolution 1 – Proxies Election of Independent Director – Kate Melrose 18 Items of Business FOR: 99.82% OPEN: .14% AGAINST: .04%
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Charter Hall Retail REIT 2026 Annual General Meeting 5 Ampol Dee Why, NSW Meeting Closed 19
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Charter Hall Retail REIT 2026 Annual General Meeting charterhall.com.au/ cqr IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the sole responsibility of Charter Hall Retail Management Limited (ABN 46 069 709 468, Australian Financial Services Licence Number 246 996) (“CHRML”) as the responsible entity for Charter Hall Retail REIT (ARSN 093 143 965) (“CQR” or “the REIT”). It is a presentation of general background information and CQR’s activities as at 30 June 2026 unless otherwise stated. It is a summary and does not purport to be complete. It 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. A reader should, before making any decisions in relation to their investment or potential investment in CQR, seek their own professional advice. This presentation is not an offer or invitation for subscription or purchase of securities or other financial products. Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the control of CQR, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from those expressed or implied in such statements. All information herein is current as at 30 June 2026 unless otherwise stated, and all references to dollars ($) or A$ are Australian Dollars unless otherwise stated. Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board Further information