Annual Shareholder Meetings 2023

•
•

---

•
•
•
•

•
•
•
•

---

1
Stride Property Group | Annual Shareholder Meetings 2023
Stride Property Group
Annual Shareholder
Meetings
2023

2
Stride Property Group | Annual Shareholder Meetings 2023
2
Boards of Directors
Tim Storey
Chair of Boards,
Independent
Michelle Tierney
Independent
Ross Buckley
Chair of Audit and Risk
Committee, Independent
Jacqueline Cheyne
Chair of Sustainability
Committee, Independent
Nick Jacobson
Independent
Tracey Jones
Independent

3
Stride Property Group | Annual Shareholder Meetings 2023
3
Management
Philip Littlewood
Chief Executive Officer
Jennifer Whooley
Chief Financial Officer
Louise Hill
Company Secretary and General
Manager Corporate Services

4
Stride Property Group | Annual Shareholder Meetings 2023
4
Stride Property Group | Annual Shareholder Meetings 2023
Chair’s Address
Chief Executive Officer’s
Presentation
Consideration of FY23
Annual Report
Resolution for Stride
Property Limited
Resolutions for Stride Investment
Management Limited
General Business
Agenda

5
Stride Property Group | Annual Shareholder Meetings 2023
5
Stride Property Group | Annual Shareholder Meetings 2023
Chair’s Address

6
Stride Property Group | Annual Shareholder Meetings 2023
6
Capital management initiatives
1.SPL commitments include: the settlement of 110 Carlton Gore Road, Auckland (settled 31 May 2023); building upgrades at 34 Shortland Street, Auckland; various capital expenditure commitments contracted for (refer note 3.4 to the consolidated
financial statements); and the estimated FY24 impact of other capital management initiatives announced at Stride’s HY23 results in November 2022.
2.Calculated as bank debt as a percentage of investment property. Includes (1) SPL’s office and retail properties, (2) debt associated with these properties, and (3) the ‘as is’ value of 110 Carlton Gore Road, Auckland, as at 31 March 2023 (in
accordance with SPL’s debt facility agreement) and excludes SPL's interest in the Industre joint operation and associated bank debt which are reported as part of the assets and liabilities of SPL (see note 3.2 to the consolidated financial
statements for further information).
Unconditional
agreement to sell
22 The Terrace
May 2023
36%
committed
1
LVR
2
as at 31 March 2023
Refined
dividend
policy
Stride is
progressing a
series of proactive
cost and capital
management
initiatives to protect
shareholder value
in the current
volatile economic
environment
Established
DRP
Cost
management
initiatives

7
Stride Property Group | Annual Shareholder Meetings 2023
36%
committed
1
LVR
~80%
committed
1
drawn debt
fixed
3.96%
weighted
average cost
of debt
$400m
green loan
facilities
2
1.SPL commitments include: the settlement of 110 Carlton Gore Road, Auckland (settled 31 May 2023); building upgrades at 34 Shortland Street, Auckland; various capital expenditure commitments contracted for (refer note 3.4 to the consolidated
financial statements); and the estimated FY24 impact of other capital management initiatives announced at Stride’s HY23 results in November 2022.
2.Facilities are classified as green loans under a Green Finance Framework that has been developed to be consistent with the Asia Pacific Loan Market Association (APLMA) Green Loan Principles (2021).
As at31 March 2023
Capital management

8
Stride Property Group | Annual Shareholder Meetings 2023
8
Stride Property Group | Annual Shareholder Meetings 2023
Chief Executive
Officer’s Presentation

9
Stride Property Group | Annual Shareholder Meetings 2023
9
FY23 highlights
1.Excludes properties categorisedas “Development and Other” and “Assets classified as held for sale” in the consolidated financial statements.
2.Distributable profit is a non-GAAP measure and consists of (loss)/profit before income tax, adjusted for determined non-recurring and/or non-cash items,
share of (loss)/profit in equity-accounted investments, dividends received from equity-accounted investments and current tax. Further information, including
the calculation of distributable profit and the adjustments to (loss)/profit before income tax, is set out in note 4.2 to theconsolidated financial statements.
Loss after income tax
$(116.7)m
Distributable profit
2
after
current income tax
$57.6m
Profit before other expense/
and income tax
$53.5m
Stride office and town centre
portfolio
1
market rental growth
+7.1%

10
Stride Property Group | Annual Shareholder Meetings 2023
Products
Stride is an active portfolio manager with $3.4 billion
of committed
1
Assets Under Management as at
31 March 2023, including $2.3 billion of external
Assets Under Management
Sector focus:Office and Town Centre
2
Large Format RetailRetail Shopping CentresIndustrial
SPL investment:100%18.8%2.1%51.7%
$1,119m
$294m
$553m
$1,033m
$1,090m
$387m
$412m
$716m
$798m
1.Commitments include: (1) SPL: the settlement of 110 Carlton Gore Road, Auckland (settled 31 May 2023); building upgrades at 34 Shortland Street, Auckland; and various capital expenditure commitments contracted for (refer note 3.4 to the
consolidated financial statements); (2) Investore: the development of the Countdown at HakarauRoad, Kaiapoi, and other capital expenditure commitments; (3) Diversified: the disposal of RemarkablesPark Town Centre; and (4) Industre: estimated
costs of construction for two committed developments.
2.Stride office and town centre property excludes SPL's interest in the Industre portfolio which is reported as part of the assets of SPL in the consolidated financial statements (see note 3.2 to the consolidated financial statements for further
information).
Office
Retail Shopping Centres /
Town Centres
Large Format Retail
Industrial
Property categorised as
‘Developments and other’
Commitments

11
Stride Property Group | Annual Shareholder Meetings 2023
11
Diversified revenue sources
Stride combines a property ownership
business (SPL) with a real estate investment
management business (SIML)
1.Stride’s revenue comprises SIML management fees and SPL revenue. SPL revenue comprises income derived from SPL’s directly held property plus revenue derived from its interests in the Stride Products which is calculated based on
net Contract Rental on a proportionate look-through basis as at 31 March 2023. Management fees comprise FY23 management fees from Stride Products (i.e. excluding fees from SPL).
FY23 look-through revenue sources
1
Activity
and
performance
fees
5%
Recurring
management
fees
16%
Industrial
16%
Large
Format
Retail
11%
Retail Shopping
Centres
21%
Office
31%

12
Stride Property Group | Annual Shareholder Meetings 2023
SIML management fee income
FY23 management fee
1
income:
•$23.3m total management fees, down slightly from FY22
•$17.6m recurring fees, representing 9.5% growth compared to FY22
•Lower activity fees due to lower performance fees and transaction activity
Note: Numbers in chart may not sum due to rounding.
1.Net of management fees received from SPL.
$12.6m
$12.3m
$13.5m
$16.1m
$17.6m
$2.1m
$5.0m
$10.7m
$8.2m
$5.7m
$14.7m
$17.3m
$24.2m
$24.3m
$23.3m
FY19FY20FY21FY22FY23
SIML management fee growth
1
Activity and performance fees
Recurring fees

13
Stride Property Group | Annual Shareholder Meetings 2023
13
•110 Carlton Gore Road office property acquired
31 May 2023
•Office portfolio transformed to focus on newer,
high quality, sustainable properties
•Strong sales growth at Stride’s shopping centre
assets supported rental and leasing activity
Active portfolio manager
•Strong sales activity across the portfolio
with moving annual turnover up $61m or
14.0% from FY19 (pre-Covid)
•Strong sales activity helping to drive rentals,
with rent reviews
1
during FY23 resulting in
8.3% increase on previous rentals
1.101 rent reviews were completed across 39% of the Diversified portfolio by area, excluding properties categorisedas ‘Development and Other’ and ‘Investment properties held for sale’ in the financial statements.

14
Stride Property Group | Annual Shareholder Meetings 2023
14
•5 properties developed since JV
commencement in 2020, including one
development nearing completion
•10 further properties have development
potential, providing growth opportunities
in a constrained market
•Strong demand for industrial property
driving higher rents
Active portfolio manager (cont)
•$28.1m of acquisitions completed in FY23,
including development land at Kaiapoi with
construction of a new Countdown
commenced
•Proactive approach to capital management
helping to insulate earnings from the full
effects of higher interest rates

15
Stride Property Group | Annual Shareholder Meetings 2023
15
Sustainability
Stride has made significant advances in developing its sustainability and climate change strategy
Targets set
•Reduce scope 1 and 2 greenhouse gas emissions
by 42% by 2030 from FY20 baseline year
Green ratings
•74% of office properties
1
by value are rated 4 star
NABERSNZ or 5 Green Star
•Green rating improvement plan underway for two
office properties
People and community
•Continued support for community initiatives
•Employee Diversity, Equity and Inclusion committee
established
1.On a pro forma basis as at 31 March 2023 as if the property at 110 Carlton Gore Road had settled as at that date. Excludes 55Lady Elizabeth
Lane, Wellington, and 22 The Terrace, Wellington.

16
Stride Property Group | Annual Shareholder Meetings 2023
16
Outlook
1.Refer footnote 5 on page 6.
16
•With its resilient portfolio,
prudent capital management
and diversified business, Stride
considers it is well positioned to
weather the current economic
conditions
•Stride will continue to support
the growth and portfolio
optimisation of its Products
•Stride will look to establish a
new Stride Product when
market conditions are
conducive
•Dividend guidance of 8.00cps
for FY24, subject to market
conditions

17
Stride Property Group | Annual Shareholder Meetings 2023
17
Stride Property Group | Annual Shareholder Meetings 2023
Formal Business
17

18
Stride Property Group | Annual Shareholder Meetings 2023
18
Stride Property Group | Annual Shareholder Meetings 2023
Stride Property
Limited Resolution
18

19
Stride Property Group | Annual Shareholder Meetings 2023
19
Resolution 1: Auditor’s Remuneration
That the Directors be authorisedto fix the
remuneration of PwC as auditor of Stride
Property Limited for the ensuing year

20
Stride Property Group | Annual Shareholder Meetings 2023
SPL proxy votes received
Resolution 1: Auditor’s Remuneration
Proxy Votes LodgedForAgainstDiscretionary
304,309,25396.16%0.18%
3.66%

21
Stride Property Group | Annual Shareholder Meetings 2023
21
Stride Property Group | Annual Shareholder Meetings 2023
Stride Investment
Management
Limited Resolutions
21

22
Stride Property Group | Annual Shareholder Meetings 2023
22
Resolution 1: Auditor’s Remuneration
That the Directors be authorisedto fix the
remuneration of PwC as auditor of Stride
Investment Management Limited for the
ensuing year

23
Stride Property Group | Annual Shareholder Meetings 2023
23
Resolution 2: Election of Director Tracey Jones
That Tracey Jones be elected
as a Director of Stride
Investment Management
Limited

24
Stride Property Group | Annual Shareholder Meetings 2023
24
Resolution 3: Re-election of Director Michelle Tierney
That Michelle Tierney be
re-elected as a Director of
Stride Investment
Management Limited

25
Stride Property Group | Annual Shareholder Meetings 2023
25
Resolution 4: Directors’ Remuneration
Table 1: Proposed Director Fee Increase
Current
aggregate
1
director fees
per annum
Proposed
aggregate
1
director fees
per annum
Proposed
Increase
($)
Proposed
Increase
(%)
Chair
$172,500$176,000+$3,500+2.0%
Non-executive Directors (x5)
$97,500$99,000+$1,500+1.5%
Chair of the Audit and Risk
Committee
$13,500$15,000+$1,500+11.1%
Chair of the Sustainability
Committee
$7,500$10,000+$2,500+33.3%
Allowance for Additional
Work and Attendance
2
$144,500$144,500--
1.Aggregate Fees are the combined annual Director fees for SPL and SIML.
2.The allowance for additional work and attendance is an aggregate sum available to the Boards to remunerate Directors for significant extra attendances and work. It is
not an amount payable per Director. The allowance for additional work and attendances has not been allocated to Directors for the past five financial years.

26
Stride Property Group | Annual Shareholder Meetings 2023
26
Resolution 4: Directors’ Remuneration
That, in accordance with NZX Listing Rule
2.11.1, the amount payable to any person
who from time to time holds office as a
Director of Stride Investment Management
Limited be increased as set out in Table 1
contained in the Explanatory Notes to the
Notice of Meeting dated 29 May 2023, with
effect from 1 July 2023

27
Stride Property Group | Annual Shareholder Meetings 2023
SIML proxy votes received
Resolution 1: Auditor’s Remuneration
Proxy Votes LodgedForAgainstDiscretionary
304,448,943
96.15%0.18%3.66%
Resolution 2: Election of Director Tracey Jones
Proxy Votes LodgedForAgainstDiscretionary
304,396,955
96.11%0.11%3.78%
Resolution 3: Re-election of Director Michelle Tierney
Proxy Votes LodgedForAgainstDiscretionary
304,352,158
95.88%0.51%3.61%
Resolution 4: Directors’ Remuneration
Proxy Votes LodgedForAgainstDiscretionary
304,266,920
95.86%0.54%3.60%

28
Stride Property Group | Annual Shareholder Meetings 2023
28
Stride Property Group | Annual Shareholder Meetings 2023
General Business and
Shareholder Questions
28

29
Stride Property Group | Annual Shareholder Meetings 2023
29
Stride Property Group | Annual Shareholder Meetings 2023
Thank you
Stride Property Group
Level 12, 34 Shortland Street
Auckland 1010, New Zealand
PO Box 6320
Victoria Street West
Auckland 1142, New Zealand
P +64 9 912 2690
W strideproperty.co.nz
Important Notice: The information in this presentation is an
overview and does not contain all information necessary to make
an investment decision. It is intended to constitute a summary of
certain information relating to the performance of Stride Property
Group for the year ended 31 March 2023. Please refer to the Stride
Property Group Annual Report 2023 for further information in
relation to the year ended 31 March 2023. The information in this
presentation does not purport to be a complete description of
Stride Property Group. In making an investment decision, investors
must rely on their own examination of Stride Property Group,
including the merits and risks involved. Investors should consult
with their own legal, tax, business and/or financial advisors in
connection with any acquisition of securities.
No representation or warranty, express or implied, is made as to
the accuracy, adequacy or reliability of any statements, estimates
or opinions or other information contained in this presentation, any
of which may change without notice. To the maximum extent
permitted by law, each of Stride Property Limited, Stride
Investment Management Limited (together, the Stride Property
Group) and their respective directors, officers, employees, agents
and advisers disclaim all liability and responsibility (including
without limitation any liability arising from fault or negligence on the
part of Stride Property Group, its directors, officers, employees and
agents) for any direct or indirect loss or damage which may be
suffered by any recipient through use of or reliance on anything
contained in, or omitted from, this presentation.
This presentation is not a product disclosure statement or other
disclosure document.