AUL FY2023 Investor Presentation

Building balance sheet flexibility and resilience 400 350 300 250 200 150 18 100 91 115 50 5 33 35 Australian Unity Real Wellbeing 30 June 2022 ($m) 30 June 2023 ($m) ■Series D AUL Bonds 400 ■Mutual Capital Instruments 350 Repaid Revolving Loan 300 Undrawn Revolving Loan 250 Other external loans 200 350 ■Repaid Development Loan 350 6 Undrawn Development Loan 150 18 207 Undrawn Revolving Loan (New) 100 207 100 Drawn Development Loan 5 сл 115 50 8 ■Retirement Village Investment Notes 33 35 0 Perpetual ■Series C AUL Bonds FY2023 FY2024 FY2025 FY2026 FY2027 Perpetual FY2023 FY2024 FY2025 FY2026 FY2027 Continued to build flexibility into the balance sheet, positioning for strategic opportunities to be realised. Key activities during FY2023 included: • Refinancing of $100m of corporate bank facilities for 3.25 years, increasing the tenor of the debt portfolio . . Walmsley RAC centre successfully reached practical completion in FY23 and has recorded a strong first half year operationally, repaying a total of $16m. Repayment of $9m corporate bank facility As of June 2023, the Group has $135m of undrawn committed debt facilities, $124m of cash and one significant maturity in 20252 On 28 August Australian Unity Limited and Westpac Banking Corporation entered into a sustainability linked loan for $50m for 3 years, that is linked to the delivery of CSV, such that the interest rate is adjusted by discounts or penalties depending on the Group's achievement of growth in our community and social value measurement. 1 Funding maturity profile shows consolidated interest bearing liabilities as at 30 June 2022 and 30 June 2023 that contribute to the Covenant Gearing Ratio debt (excluding Authorised Deposit-Taking Institution (ADI) borrowings) and Australian Unity Limited's Mutual Capital Instruments, which contribute towards gearing ratio equity. 2 Australian Unity is giving consideration to an offer of Simple Corporate Bonds, including a potential offer to holders of Australian Unity Bonds Series C (ASX: AYUHC) to roll their investment into a new instrument. Net proceeds of such an issue would be used for general corporate purposes including the repayment of debt. No decision has been made to proceed with any offer, and any offer would be subject to appropriate market conditions being maintained. Any offer would be made under a 2-part' Simple Corporate Bonds prospectus and if any transaction were to proceed, investors wishing to participate would need to apply using an application form accompanying the prospectus. 18

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