Investor Presentaiton

Summary and Outlook FY23 Outlook Listings -13.8% national listings decline -20% in Sydney/Melbourne Short term volatility Longer term listings will return as in previous cycles Yield 8% controllable yield despite disproportionate impact in highest yielding markets Continued strong depth uptake and pricing supports longer term targets for 12% through-the-cycle growth Operating costs 18% H2 expense decline versus H1 reflects cost discipline Balance cost efficiencies with investment for future growth 42 | FY23 Results Presentation Domain

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