1Q25 METRICS – SALES OF OCCUPATION RIGHTS

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz

NZX & ASX RELEASE

8 April 2025


1Q25 METRICS – SALES OF OCCUPATION RIGHTS

Summerset Group reported 290 sales for the quarter ending 31 March 2025, comprising 132
new sales and 158 resales.

“Total sales for Q1 this year were 14% higher than the same time last year, with resales
increasing by 31%, while new sales were down slightly year-on-year,” says Summerset CEO
Scott Scoullar.

“This is a pleasing start to the year, January was quite slow, as is typical while our prospective
residents are on holiday, but we had a strong February and March.

“As we move into Q2 we have a solid pipeline of contracts, which we’ll be working through to
settlement. We’ve seen a 32% year-on-year increase of contracted new sale stock compared to
Q1 2024.”

Mr Scoullar said Summerset’s geographical diversity continued to show its strength in Q1 with
almost every region in New Zealand seeing increased sales year-on-year.

“We achieved a good balance of sales throughout the country with 50% of our sales coming
from outside Auckland, Wellington and Christchurch during this quarter.”

Mr Scoullar said the company remains on track to build 650-730 homes across New Zealand
and Australia in 2025, including delivery of its first village centre in Australia at Cranbourne
North.

ENDS

YTD25 SALES OF OCCUPATION RIGHTS

1Q25 YTD25
New sales 132 132
Resales 158 158
Total 290 290

FY24 SALES OF OCCUPATION RIGHTS


1Q24
2Q24 3Q24
4Q24
FY24
New sales 134 156 129 169 588
Resales 121 177 160 192 650
Total 255 333 289 361 1238

NOTES:

• Occupation right sales volumes represent the number of occupation rights settled in the period and differ from
retirement unit deliveries which represents the number of new homes for which construction was completed in the
period.
• The quarterly sales metrics provided may not necessarily reflect NZ IFRS financial performance for the
corresponding period. In particular, key items in the income statement, such as the fair value movement of
investment property, are dependent on several variables, of which one is occupation right sales. NZ IFRS
financial performance is calculated for the periods ending 30 June and 31 December each year.


For investor relations enquiries: For media enquiries:
Margaret Warrington Louise McDonald
Chief Financial Officer Senior Communications & Media Advisor
investor.relations@summerset.co.nz louise.mcdonald@summerset.co.nz
+64 21 246 3793


ABOUT SUMMERSET

• Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 40 villages completed or in development nationwide
• In addition, Summerset has seven proposed sites at Belmont (Auckland), Rotorua (Bay
of Plenty), Mission Hills (Napier), Masterton (Wairarapa), Otaihanga (Kāpiti Coast),
Rolleston (Canterbury), Mosgiel (Dunedin)
• Summerset also has three villages in development (Cranbourne North, Chirnside Park
and Torquay) and four other properties in Victoria, Australia (Craigieburn, Drysdale,
Mernda and Oakleigh South)
• Summerset provides a range of living options and care services to more than 8,700
residents