Slides
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2026 Annual General Meeting 28 October 2026
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 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. ACKNOWLEDGEMENT OF COUNTRY 2 ‘Looking Forward’ by Emma Hollingsworth, featured in Vicinity’s Innovate Reconciliation Action Plan.
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 WELCOME Trevor Gerber Chairman Peter Huddle CEO and Managing Director Chairman’s address Page 5 Formal business of the AGM Page 9 CEO and Managing Director’s address Page 7 Close of meeting Page 20 Agenda 3
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 4 Your Board TREVOR GERBER Chairman PETER HUDDLE CEO and Managing Director TIFFANY FULLER Director TIM HAMMON Director PETER KAHAN Director JANETTE KENDALL AM Director GEORGINA LYNCH Director DION WERBELOFF Director ANGUS McNAUGHTON Director PATRICK ALLAWAY Chair-elect
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Chairman’s address Trevor Gerber Chatswood Chase, NSW
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 FY26 YEAR IN REVIEW Strategic execution, enhanced portfolio quality and resilient fundamentals underpin a strong FY26 result 1. Represents premia to June 2025 book values. 2. Comparable NPI growth excludes reversal of prior year provisions, transactions and development impacts. 3. Represents headline gearing adjusted for the acquisition of the residual 75% interest in Uptown (settled August 2026) and div estment of Taigum Square (settled October 2026) and ancillary land at Ellenbrook Central (due to settle in November 2026). 4. Weighted average drawn debt maturity, 3.8 years as at 30 June 2025. Completed CHATSWOOD CHASE Home to most comprehensive and compelling luxury offer in NSW outside of Sydney CBD Acquired UPTOWN & DFO EASTERN CREEK Invested $563m in upweighting portfolio to CBD and Outlets in Brisbane and Sydney +4.2% COMPARABLE NPI GROWTH2 Enhanced asset quality and strong portfolio metrics FY25: +3.7% 26.1% GEARING Proforma gearing3: 26.5% Jun-25: 26.6% NTA uplift NET TANGIBLE ASSETS Up 19 cents per security, or 7.7% to $2.59 over FY26 Divested NON-STRATEGIC ASSETS1 $327.2m, at 18.2% premium. $447.2m at 18.4% premium including Taigum Square 8.0 EMPLOYEE ENGAGEMENT SCORE Up by 0.2 points 78% participation rate Feb-25: 7.8 99.6% PORTFOLIO OCCUPANCY Tight supply of quality retail floor space and retailer demand FY25: 99.5% $2.0b+ DEBT TRANSACTIONS WAM4 extended from 3.8 years to 5.1 years $1,391.2m STATUTORY NET PROFIT FY25: $1,004.6m 15.2 cps DELIVERED TOP OF GUIDANCE RANGE FY25: 14.8cps 12.40 cps ANNUAL DISTRIBUTION FY25: 12.00 cps Chatswood Chase, NSW
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CEO and Managing Director’s address Peter Huddle Chadstone, VIC
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 8 1Q FY27 strategic and operational update Portfolio fundamentals remain resilient despite a more uncertain operating environment; FY27 guidance reaffirmed Reaffirmed EARNINGS GUIDANCE FOR FY271,2 Distribution payout to be within the target range of 95-100% of AFFO 1. Funds From Operations (FFO) and Adjusted FFO per security expected to be in the ranges of 16.0-16.2 and 13.9-14.1 cents, respectively. 2. Our guidance remains subject to unforeseen circumstances and material changes in operating conditions, including retailer per formance and financial circumstances. 3. Sales are reported for comparable centres, which excludes divestments and development -impacted centres in accordance with Shopping Centre Council of Australia (SCCA) guidelines. 4. 4Q FY26 retail sales impacted by earlier timing of Easter. 5. Other retail includes cinemas, travel agents, auto accessories, lotteries and other entertainment. 6. Activewear retailers recategorised from Leisure to Apparel & Footwear effective 1Q FY27. 14.6% OCCUPANCY COST RATIO Jun-26: 14.4% Uptown acceleration DEVELOPMENT APPLICATION SUBMITTED Mixed-use evolution CHATSWOOD CHASE DEVELOPMENT APPLICATION SUBMITTED Galleria OPENING 5 NOVEMBER Elevated retail, dining and entertainment offer 99.6% PORTFOLIO OCCUPANCY Jun-26: 99.6% +5.1% LEASING SPREAD FY26: +4.2% +3.6% SPECIALTY & MINI MAJORS SALES GROWTH IN 1Q FY27 +3.0% TOTAL PORTFOLIO SALES GROWTH IN 1Q FY27 Portfolio sales3 (Growth versus prior year) 3Q FY26 4Q FY264 1Q FY27 Sep-26 MAT % of MAT Specialty stores 2.9 0.9 1.2 2.8 42% Mini majors 3.7 4.2 8.5 5.4 22% Specialties and mini majors 3.2 2.0 3.6 3.7 64% Supermarkets 2.9 2.0 2.4 2.2 18% Discount department stores 5.1 0.3 2.8 2.8 9% Other retail5 7.1 (4.4) 3.9 4.5 7% Department stores (3.3) (5.4) (6.5) (3.5) 3% Total portfolio 3.4 1.2 3.0 3.2 100% Food retail 5.9 1.4 2.6 3.7 4% Food catering 3.1 3.5 3.4 3.3 8% Apparel & footwear6 1.7 (0.2) 3.5 2.4 29% Jewellery 2.0 5.0 9.4 9.0 4% Leisure6 3.1 2.4 (2.0) 0.2 1% Homewares 4.6 3.6 0.3 4.5 7% General retail 7.3 5.5 6.1 6.9 6% Mobile phones 0.1 0.6 (1.2) 1.9 0% Retail services 2.7 2.6 3.8 3.9 4% Total specialties and mini majors 3.2 2.0 3.6 3.7 64% Total specialties and mini majors (excluding luxury) 4.4 2.6 4.2 4.2 59%
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Vicinity Centres 2026 Annual General Meeting | 28 October 2026 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 June 2026 Annual Report lodged with the Australian Securities Exchange on 20 August 2026. 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 (28 October 2026). These forward -looking statements are not guarantees or p redictions of future results or performance expressed or implied by the forward - looking statements and involve known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond t he 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. DISCLAIMER JANE KENNY General Manager, Investor Relations & Corporate Communications T: +61 3 7001 4291 E: jane.kenny@vicinity.com.au 9