DEXUS (DXS) Investor presentation summary

Strategic vision and priorities

• Aims to be globally recognized as Australasia's leading real asset manager, focusing on delivering superior risk-adjusted returns for securityholders and capital partners.

• Strategic priorities include unlocking business potential, leveraging sector expertise, and maintaining a high-quality balance sheet with broad access to capital.

• Targets large, growing markets across office, industrial, retail, healthcare, infrastructure, and alternatives, with a multi-sector skillset and active management approach.

• Measures of success include adjusted funds from operations, investment performance, capital strength, employee engagement, and customer satisfaction.

Financial and portfolio overview

• Total funds under management (FUM) stand at $51.5 billion, with an investment portfolio of $15.3 billion and third-party FUM of $36.2 billion.

• Portfolio spans office ($20.5b), industrial ($10.5b), retail ($9.8b), and growth markets ($10.3b), supported by a diverse investor base.

• Over 35,800 listed investors and more than 150 unlisted institutional investors contribute to capital diversity.

Value creation and capital allocation

• Value creation driven by asset-level outperformance, optimized capital allocation, and investing alongside clients.

• Capital allocation focuses on recycling non-core assets, increasing capital efficiency, and favoring reinvestment in growth markets.

• Securities buyback program screens favorably at current trading levels, with preferences tilted toward growth markets.