1H21 FINANCIAL RESULTS

25 FEBRUARY 2021

ANNUAL GENERAL MEETING ǀ 20 NOVEMBER 2019 ǀ PAGE 1

PEET IS WELL POSITIONED TO LEVERAGE MARKET RECOVERY

  • 1• 1H21 operating earnings of $10.1m - up 101%

  • 2• Strong sales growth in 1H21 across national portfolio - up 50%

  • 3• Contracts on hand up 15% providing positive momentum into 2H21

  • 4• Government stimulus packages have supported a further improvement in sales and enquiry activity

  • 5• Non-core divestment program ahead of expectations with $39m under contract

  • 6• Focused on driving operating leverage with >80% of the land bank expected to be in development by FY23

LARGEST 'PURE PLAY' RESIDENTIAL DEVELOPER IN AUSTRALIA

INTEGRATED MODEL WITH PROVEN CAPITAL PARTNERING CAPABILITY

  • Significant and diversified land bank encompassing more than 45,800 lots across 52 projects

  • Integrated platform with broad product expertise across land, medium density townhouses and low rise apartments

  • Flexible and unique funding model underpinned by proven capital partnering capability of c.34,000 lots held in capital efficient arrangements

BROAD CUSTOMER AND PRODUCT REACH

SCALE PIPELINE WITH LOW COST BASE

Diversified land bank

strategically located in growth corridors of major cities in every mainland state of Australia

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Peet Limited published this content on 25 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 00:31:01 UTC.