Investor Presentaiton

MIRVAC LIVING SECTORS INVESTOR DAY BTR has outperformed globally BTR HAS DELIVERED STRONG PERFORMANCE IN OTHER MATURE MARKETS US DIRECT RETURNS AND VOLATILITY 12% 8 4 0 Residential (Apartments) RISING SECTOR ALLOCATION 100% real estate portfolio 15 75 50 25 0 2019 2023 US Industrial Retail Office 10 yr returns 10 yr St Dev Source: CBRE December 2022 2019 2023 Europe 2019 2023 Asia-Pacific Residential Niche & Other Office Retail Industrial/Logistics Source: PREA investor intentions Survey 2019-2023, LaSalle ISA Property Review Aug 2023 EUROPEAN RESIDENTIAL - LONG TERM RISK ADJUSTED RETURN OUTPERFORMANCE EUROPEAN ECONOMIC CAP RATES BY SECTOR 10.0% 8.0 6.0 4.0 mirvac 6.9% 5.7% 5.4% 4.2% 2.0 Jul 07 Jul 09 Jul 11 Jul 13 Jul 15 Jul 17 Jul 19 Jul 21 Jul 23 Office Retail Residential - Industrial UK STRONG LONG RUN RETURNS WITH LOW VOLATILITY 500 (Dec 2007 Index =100) 400 300 200 100 0 Dec 07 Nov 08 Oct 09 Sep 10 Aug 11 Jul 12 Jun 13 May 14 Apr 15 Mar 16 Office Feb 17 Jan 18 Dec 18 Source: Green Street, July 2023 Nov 19 Oct 20 Sep 21 Retail Residential Industrial Source: MSCI, LaSalle ISA Property Review Aug 2023 - Aug 22 10 OCTOBER 2023 22

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