Investor Presentaiton

MACQUARIE AUSTRALIA CONFERENCE Reimagine Urban Life Residential well placed for undersupplied market mirvac <1.4% 80% PRE-SOLD Residential vacancy³ > 288 (1,133 FYTD) lot sales in Q3 remain subdued impacted by rising interest rates, fewer product launches and lower first home buyer activity > Pick up in leads over the quarter and into April, above 10 year average > Pre-sales balance increased modestly to ~$1.8bn¹ > 319 (1,126 FYTD) settlements, heavy Q4 skew expected, wet weather continues to hamper delivery schedules > Defaults remain low 0.2%² > Flexible launch program in place ready to take advantage of pickup in activity APARTMENTS IN ESTABLISHED PRECINCTS SELLING WELL Underlying market fundamentals remain supportive 76% PRE-SOLD 74% PRE-SOLD Pavilions, NSW F 100% SOLD Ascot Green, QLD Waterfront Isle, QLD New residential leads improving 16,000 leads 12,000 8,000 4,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY19 FY20 Q2 Green Square, NSW Note: All images are artist impressions, final design may differ. Australian housing supply/demand balance Net new dwelling supply minus total households housing requirement 40,000 dwellings 20,000 0 (20,000) (40,000) (60,000) Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY21 FY22 Q2 FY23 Q3 2023 2024 2025 Apartments MPC 2026 2027 >40% Discount between apartment and established house price +2% Total Australian population growth CY20225 2022 forecast 2023 forecast Source: National Housing Finance and Investment Corporation 1. Represents Mirvac's share of total pre-sales and includes GST. 2. 12-month rolling default rate as at 31 March 2023. 3. Source: SQM Research/Macrobond March 2023. Vacancy rate (all dwellings, seasonally adjusted), Sydney, Melbourne & Brisbane. 4. Source: CoreLogic Greater Sydney 6 month median, March 2023. 5. Source: Reserve Bank of Australia, Monetary Policy, Demand and Supply, 5 April 2023. MAY 2023 15

View entire presentation