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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 2025 Annual General Meeting 6 NOVEMBER 2025 For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 Vicinity Centres acknowledges the Traditional Custodians of the land and pays respect to Elders past and present. As a business that operates in many locations across the nation, we recognise and respect the cultural heritage, beliefs, and relationship with the land, which continue to be important to the Traditional Custodians living today. 2 ACKNOWLEDGEMENT OF COUNTRY Vicinity’s First Nation’s Artwork for Reconciliation – Emma Hollingsworth’s ‘Looking Forward’ For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 3 AGENDA 5 Chairman’s address 7 CEO and Managing Director’s address 12 Formal business of the AGM 31 Close of meeting TREVOR GERBER Chairman PETER HUDDLE CEO and Managing Director WELCOME For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 4 YOUR BOARD TREVOR GERBER Chairman PETER HUDDLE CEO and Managing Director TIFFANY FULLER Director TIM HAMMON Director PETER KAHAN Director JANETTE KENDALL Director GEORGINA LYNCH Director DION WERBELOFF Director ANGUS McNAUGHTON Director For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 TREVOR GERBER Chairman’s address Chadstone, VIC For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 6 Chatswood Chase, NSW 1. Comparable net property income (NPI) growth excludes reversal of prior year provisions, transactions and development impacts. 2. Vicinity’s premium asset portfolio comprises Chadstone, Outlet Centres, CBD Centres and Lakeside Joondalup. FY25 YEAR IN REVIEW Strategic execution and positive portfolio metrics support FY25 result amid tightening retail supply and strengthening shopper sentiment $1,004.6m STATUTORY NET PROFIT FY24: $547.1m Completed CHADSTONE DEVELOPMENT The Market Pavilion and One Middle Road office tower Acquired 50% OF LAKESIDE JOONDALUP, WA Successfully integrated and growth plans mobilised and commenced +3.7% COMPARABLE NPI GROWTH1 Led by Vicinity's premium assets2 FY24: +4.1% 99.5% PORTFOLIO OCCUPANCY Jun-24: 99.3% 14.8cps DELIVERED TOP OF GUIDANCE RANGE FY24: 14.6cps 26.6% GEARING Jun-24: 27.2% Improved EMPLOYEE ENGAGEMENT UP 40bps Jun-25: 7.8 Jun-24: 7.4 Stage 1 open CHATSWOOD CHASE DEVELOPMENT Pre-leasing largely finalised and completed negotiations with LVMH and other market-leading brands 12.0cps ANNUAL DISTRIBUTION FY24: 11.75cps Divested $457m OF NON-STRATEGIC ASSETS Providing positive portfolio mix impact and important source of funding for growth Commenced MAIN WORKS AT GALLERIA New entertainment and lifestyle precinct and complete mall revitalisation For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 PETER HUDDLE CEO and Managing Director’s address Chatswood Chase, NSW For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 8 1. Funds From Operations (FFO) and Adjusted FFO per security expected to be in the ranges of 15.0-15.2 and 12.8-13.0 cents, respectively. 2. Earnings guidance assumes no material deterioration in economic conditions. 1Q FY26 STRATEGIC AND OPERATIONAL UPDATE Continued strategic execution amid encouraging retail sales environment; FY26 earnings guidance reaffirmed Chadstone THE MARKET PAVILION Trading performance maintained into 1Q FY26 Chatswood Chase STAGE 1 REOPENING Comprising >60 existing and new-to-centre retailers 99.5% PORTFOLIO OCCUPANCY Jun-25: 99.5% +5.9% SPECIALTY and MINI MAJORS SALES GROWTH in 1Q FY26 Positive momentum continued; 4Q FY25: +6.0% and 3Q FY25: +3.1% Reaffirmed EARNINGS GUIDANCE FOR FY261,2 Distribution payout to be within the target range of 95-100% of AFFO Galleria REVITALISATION COMMENCED New entertainment and lifestyle precinct and total mall revitalisation +2.9% LEASING SPREAD FY25: +2.5% 14.2% OCCUPANCY COST RATIO Jun-25: 14.1% +4.4% TOTAL PORTFOLIO SALES GROWTH IN 1Q FY26 All retail categories delivered growth Chatswood Chase, NSW Chadstone, VIC – Dining Laneway Galleria, WA – artist’s impression For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 9 1. Sales are reported for comparable centres, which excludes divestments and development-impacted centres in accordance with Shopping Centre Council of Australia (SCCA) guidelines. 2. Some major tenants reported 53 weeks for FY24 and has been adjusted accordingly. 3. Other retail includes cinemas, travel agents, auto accessories, lotteries and other entertainment. 4. Metric refers to retail sales growth for specialty and mini majors. Premium retail centres include Chadstone, Outlet portfolio, CBDs and Lakeside Joondalup. Core portfolio includes all retail assets outside of Premium asset portfolio. 1Q FY26 RETAIL SALES Active portfolio remixing driving specialty and mini major sales growth in 1Q FY26; cautiously optimistic outlook maintained Portfolio sales1 (versus prior year) 3Q FY25 4Q FY25 1Q FY26 Sep-25 MAT Specialty stores 1.0 4.3 5.7 3.1 Mini majors 7.7 9.5 6.4 8.6 Specialties and mini majors 3.1 6.0 5.9 4.8 Supermarkets2 1.7 2.5 0.8 1.3 Discount department stores2 2.1 5.9 1.7 1.8 Other retail3 (3.2) 4.1 4.6 0.1 Department stores 5.2 1.7 4.2 2.4 Total portfolio 2.4 5.1 4.4 3.5 Food retail 4.3 11.2 7.4 7.2 Food catering 4.1 5.2 4.4 4.9 Apparel & footwear (0.9) 3.0 4.4 2.2 Jewellery 9.4 7.3 7.5 5.9 Leisure 11.5 16.0 11.2 11.8 Homewares 5.5 6.5 7.3 6.8 General retail (0.7) 4.4 5.5 2.5 Mobile phones (1.1) 3.2 7.1 3.6 Retail services 5.6 5.2 4.1 5.3 Total specialties and mini majors 3.1 6.0 5.9 4.8 $13,268/sqm SPECIALTY PRODUCTIVITY +5.3% CORE CENTRE4 RETAIL SALES GROWTH IN 1Q FY26 +6.4% PREMIUM CENTRE4 RETAIL SALES GROWTH IN 1Q FY26 +4.4% TOTAL PORTFOLIO RETAIL SALES GROWTH IN 1Q FY26 All categories delivered growth. Supermarkets and Discount Department stores cycling strong comparative periods +3.8% LUXURY RETAIL SALES GROWTH IN 1Q FY26 QueensPlaza, QLD +5.9% SPECIALTY AND MINI MAJORS RETAIL SALES GROWTH IN 1Q FY26 Discretionary retail categories key drivers For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 10 CHADSTONE’S THE MARKET PAVILION AND ONE MIDDLE ROAD OFFICE TOWER New era for Chadstone’s prosperity with The Market Pavilion and One Middle Road office tower, trading performance maintained into 1Q FY26 1. Relative to previous corresponding period. +5.9% 1Q FY26 SALES FOR STATIC CENTRE 4Q FY25: +4.4% +35% 1Q FY26 VISITATION FOR TOTAL CENTRE1 4Q FY25: +36% $66m THE MARKET PAVILION RETAIL SALES 4Q FY25: $67m >$18k/sqm THE MARKET PAVILION SPECIALTY RETAIL SALES PRODUCTIVITY Premium centre average: $16,599 For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 11 SUCCESSFUL STAGE 1 REOPENING AT CHATSWOOD CHASE ON 23 OCTOBER 2025 Feedback from retail partners, shoppers and the local community has been resoundingly positive For personal use only
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Vicinity Centres 2025 Annual General Meeting | 6 November 2025 FOR FURTHER INFORMATION PLEASE CONTACT: AUTHORISATION The Disclosure Committee has authorised that this document be given to ASX. DISCLAIMER This document is a presentation of general background information about the activities of Vicinity Centres (ASX:VCX) current at the date of lodgement of the presentation. It is information in a summary form and does not purport to be complete. It is to be read in conjunction with the 2025 Annual Report lodged wit h the Australian Securities Exchange on 20 August 2025. This presentation contains forward-looking statements, including statements, indications and guidance regarding future performance. The forward-looking statements are based on information available to Vicinity Centres as at the date of this presentation (6 November 2025). These forward-looking statements are not guarantees or predictions of future results or performance expressed or implied by t he forward-looking statements and involve known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Vicinity Centres. The actual results of Vicinity Centres may differ materially from those expressed or implied by these forward-looking statements, and you should not place undue reliance on such forward-looking statements. Except as required by law or regulation (including the ASX Listing Rules), we do not undertake to update these forward-looking statements. 12 JANE KENNY General Manager Investor Relations & Corporate Communications T +61 3 7001 4291 E jane.kenny@vicinity.com.au CONTACT DETAILS AND DISCLAIMER For personal use only