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Investor Presentaiton

MACQUARIE AUSTRALIA CONFERENCE Reimagine Urban Life ✓ Continue to increase resilience of Investment portfolio mirvac Current position Active management has driven strong uplift in portfolio quality > ~$4.2bn of assets disposed over last 10 years > ~$6bn of assets created over last 8 years (13 new assets across BTR, Industrial and Office) > 97.5% occupied Investment portfolio > Established new BTR asset class (6% of portfolio) > Industrial 100% Sydney exposed > 100% urban retail > Prime, modern, sustainable, low capex Office portfolio² Portfolio quality and development has driven excess returns over all time periods All property returns: Mirvac portfolio versus market benchmark based on compound average annual returns 12.0% 8.0 7.8% 7.5% 6.1% 4.0 5.5% 9.2% 6.1% 10.1% 10.0% 7.9% 7.8% FUTURE FOCUS Continue to lift exposure to high-quality, modern, capex light assets Focus on cash flow resilient sectors Current Investment portfolio³ with positive structural tailwinds Increased exposure to living sectors including BTR and Land Lease communities Lift industrial exposure Moderate office exposure with focus on modern prime assets Maintain urban retail focus Office 60% Retail 22% Industrial 12% Build to Rent 6% 0 1 YRS 3 YRS 5 YRS Source: RIA commercial property market return indicator as at December 2022 1. By portfolio valuations as at 31 December 2022. 10 YRS 12 YRS Mirvac portfolio Benchmark 2. 98% of Office portfolio Prime (46% premium), 10 year average age, 84% built or refurbished by Mirvac, 5.3 Star average NABERS rating, 0.24% maintenance capex (4.5 year pa average) as at 31 December 2022. 3. By total property portfolio valuations, which includes IPUC, assets held for sale/on market for sale, and properties being held for development as at 31 December 2022. 4. 100% share end value of developments completed N2 24 31 Heritage Lanes, 80 Ann Street, Brisbane MAY 2023 06 23 16
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