Announcement PDF Appendix 4E Rule 4.3A PRELIMINARY FINAL REPORT Period ending on or after 30 June 2024 For FINBAR GROUP LIMITED (ACN 009 113 473) Results for Announcement to the Market Note: To be read in conjunction with 2024 Financial Report, lodged on the same date as this document The following information must be given to ASX under listing rule 4.3A. 1. Details of the reporting period and the previous corresponding period. Refer to 30th June 2024 Financial Report attached 2. Key information in relation to the following. This information must be identified as “Results for announcement to the market”. 2.1 The amount and percentage change up or down from the previous corresponding period of revenue from ordinary activities. Revenue $194,344,000 (2023: $33,965,000) Percentage change 472.19% (2023: -62.72%) 2.2 The amount and percentage change up or down from the previous corresponding period of profit (loss) from ordinary activities after tax attributable to members. Comprehensive Profit* $16,427,000 (2023: $2,782,000) Percentage change 490.47% (2023: -74.65%) *Profit for year including revaluation of property, plant and equipment recognised through reserves. 2.3 The amount and percentage change up or down from the previous corresponding period of net profit (loss) for the period attributable to members. Comprehensive Profit* $16,427,000 (2023: $2,782,000) Percentage change 490.47% (2023: -74.65%) *Profit for year including revaluation of property, plant and equipment recognised through reserves. 2.4 The amount per security and franked amount per security of final and interim dividends or a statement that it is not proposed to pay dividends. Final Dividend 2023 Paid during period: $0.00 (2022: $0.02) Interim Dividend 2024 Paid during period: $0.00 (2023: $0.00) Final Dividend 2024 Proposed: $0.08 2.5 The record date for determining entitlements to the dividends (if any). 12 September 2024 2.6 A brief explanation of any of the figures in 2.1 to 2.4 necessary to enable the figures to be understood. Refer to attached information release 3. A statement of comprehensive income together with notes to the statement, prepared in compliance with AASB 101 Presentation of Financial Statements or the equivalent foreign accounting standard. Refer to 30th June 2024 Financial Report attached Note: statement of comprehensive income may be referred to as profit and loss statement in certain jurisdictions. 4. A statement of financial position together with notes to the statement. The statement of financial position may be condensed but must report as line items each significant class of asset, liability, and equity element with appropriate sub-totals. Refer to 30th June 2024 Financial Report attached Note: statement of financial position may be referred to as balance sheet in certain jurisdictions. Appendix 4E PRELIMINARY FINAL REPORT Period ending on or after 30 June 2024 For FINBAR GROUP LIMITED (ACN 009 113 473) 5. A statement of cash flows together with notes to the statement. The statement of cash flows may be condensed but must report as line items each significant form of cash flow and comply with the disclosure requirements of AASB 107 Statement of Cash Flows, or for foreign entities, the equivalent foreign accounting standard. Refer to 30th June 2024 Financial Report attached 6. A statement of retained earnings, or a statement of changes in equity, showing movements. Refer to 30th June 2024 Financial Report attached 7. Details of individual and total dividends or distributions and dividend or distribution payments. The details must include the date on which each dividend or distribution is payable and (if known) the amount per security of foreign sourced dividend or distribution. Final Dividend 2024 Declared to be paid 10 October 2024: $21,770,000 8. Details of any dividend or distribution reinvestment plans in operation and the last date for the receipt of an election notice for participation in any dividend or distribution reinvestment plan. The company has a dividend reinvestment plan under which holders of ordinary shares may elect to have all or part of their dividend entitlements satisfied by the issue of new ordinary shares rather than being paid in cash. The DRP will not be active for dividends relating to the 2024 financial year. 9. Net tangible assets per security with the comparative figure for the previous corresponding period. $256,499,000/272,123,142 (issued capital) = $0.94 per share (2023: $0.88) 10. Details of entities over which control has been gained or lost during the period, including the following: Refer to 30th June 2024 Financial Report attached 10.1 Name of the entity. Refer to 30th June 2024 Financial Report attached 10.2 The date of the gain or loss of control. Refer to 30th June 2024 Financial Report attached 10.3 Where material to an understanding of the report – the contribution of such entities to the reporting entity’s profit from ordinary activities during the period and the profit or loss of such entities during the whole of the previous corresponding period. Refer to 30th June 2024 Financial Report attached 11. Details of associates and joint venture entities including the following. 11.1 Name of the associate or joint venture entity. Refer to 30th June 2024 Financial Report attached 11.2 Details of the reporting entity’s percentage holding in each of these entities. Refer to 30th June 2024 Financial Report attached 11.3 Where material to an understanding of the report - aggregate share of profits (losses) of these entities, details of contributions to net profit for each of these entities, and with comparative figures for each of these disclosures for the previous corresponding period. Refer to 30th June 2024 Financial Report attached Appendix 4E PRELIMINARY FINAL REPORT Period ending on or after 30 June 2024 For FINBAR GROUP LIMITED (ACN 009 113 473) 12. Any other significant information needed by an investor to make an informed assessment of the entity’s financial performance and financial position. Refer to 30th June 2024 Financial Report attached 13. For foreign entities, which set of accounting standards is used in compiling the report (e.g. International Financial Reporting Standards). Not applicable 14. A commentary on the results for the period. The commentary must be sufficient for the user to be able to compare the information presented with equivalent information for previous periods. The commentary must include any significant information needed by an investor to make an informed assessment of the entity’s activities and results, which would include but not be limited to discussion of the following: Refer to attached information release 14.1 The earnings per security and the nature of any dilution aspects. Refer to 30th June 2024 Financial Report attached 14.2 Returns to shareholders including distributions and buy backs. Refer to 30th June 2024 Financial Report attached 14.3 Significant features of operating performance. Refer to 30th June 2024 Financial Report attached 14.4 The results of segments that are significant to an understanding of the business as a whole. Refer to 30th June 2024 Financial Report attached 14.5 A discussion of trends in performance. Refer to attached information release 14.6 Any other factors which have affected the results in the period or which are likely to affect results in the future, including those where the effect could not be quantified. Refer to attached information release 15. A statement as to whether the report is based on accounts which have been audited or subject to review, are in the process of being audited or reviewed, or have not yet been audited or reviewed. Based on accounts that have been audited 16. If the accounts have not yet been audited and are likely to contain an independent audit report that is subject to a modified opinion, emphasis of matter or other matter paragraph, a description of the modified opinion, emphasis of matter or other matter paragraph. Not applicable 17. If the accounts have been audited and contain an independent audit report that is subject to a modified opinion, emphasis of matter or other matter paragraph, a description of the modified opinion, emphasis of matter or other matter paragraph. Not applicable 2024 ANNUAL REPORT DEVELOPING BETTER LIFESTYLES SINCE 1995 1 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t 2 20 2 4 F i nb a r G r oup L i m i t e d A nnua l Re p or t Contents 3 27 5 29 Chairman’s Report Managing Director’s Report 7 FY24 Highlights 9 Key Financial Metrics 14 Project History 15 Finbar Milestones 17 Modern Amenities ESG at Finbar 30 Completed Projects 34 Projects Under Construction 38 New to Market 40 Future Projects 44 Investment Properties Civic Heart 25 Our Finbar 46 Financial Report 3 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Chairman’s Report “ Now, with the completion of Civic Heart and additional completions due shortly, we are in a position to begin returning these earnings to our loyal shareholders who have demonstrated patience and trust in our strategy. JOHN CHAN Dear Shareholders, I am pleased to present Finbar Group’s Annual Report for the 2024 financial year. This year has been marked by significant achievements and a strong financial result for our company. Finbar has reported a total comprehensive income of $16.4 million for the year ended June 30, 2024. This result represents a substantial improvement from the previous year’s figure of just under $3 million, especially considering the challenging market conditions we have faced. Our flagship project, Civic Heart, has been the most significant contributor to this year’s results. I am delighted to announce that the Board has resolved to declare a dividend of $0.08 per share, fully franked. This dividend recognises the absence of distributions over the past couple of years as we retained capital for our major projects. Now, with the completion of Civic Heart and additional completions due shortly, we are in a position to begin returning these earnings to our loyal shareholders who have demonstrated patience and trust in our strategy. The Civic Heart development, which has spanned a decade from planning to completion stands as Perth’s tallest building outside the CBD. We are immensely proud of this achievement, particularly given the tough conditions faced by our industry in recent years. In the final days of the financial year, we settled 194 lots at Civic Heart, with a value of $212 million. I extend my thanks and acknowledge the commitment of our primary contractor ” - Hanssen in concluding the Civic Heart construction through an incredibly challenging construction environment. The past few years have presented significant challenges for the property development industry, with rapidly rising construction costs, labour shortages, and supply chain disruptions. Despite these headwinds, we have successfully navigated this period, thanks in large part to our long-standing partnerships and the dedication of our team. 4 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t Finbar has reported a total comprehensive income of $16.4 million for the year ended June 30, 2024. I would like to extend my sincere thanks to our joint venture partners for their continuing commitments to our success. These enduring relationships have been crucial in enabling us to undertake large-scale projects like Civic Heart, providing the capital and support necessary for such ambitious developments. Looking ahead, we see positive signs in the Perth property market. The continued lift in property values is helping to offset the COVID related increased construction costs, although we still need to see further price growth to improve project feasibility. With only 2,016 houses and 914 apartments currently available for sale across Perth, we anticipate ongoing strong demand for our products. In closing, I would like to acknowledge our executive team and all Finbar staff for their hard work and commitment over the past year. Their efforts, particularly on long-term projects like Civic Heart, involve significant emotional investment and dedication, which is evident in the quality of our developments. I would also like to announce that our long-serving Chief Financial Officer and Company Secretary, Ed Bank, will be retiring at the end of December this year. On behalf of the Board, I extend our deepest gratitude for his invaluable contribution over the past 19 years. Ed’s commitment to our Company over a long period of time has been most valued. Thank you to all our shareholders for your ongoing support and patience. We look forward to rewarding your faith in Finbar in the coming year as we continue to deliver high-quality residential developments and see the significant return of additional capital from the imminent completion of major projects. John Chan Chairman 5 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Managing Director’s Report “ The completion of Civic Heart has been the defining achievement of this financial year. As Western Australia’s largest residential project and Perth’s tallest building outside the CBD, it represents a decade of planning, perseverance, challenges, and execution. DARREN PATEMAN Dear Shareholders, The 2024 financial year has been a period of significant achievement for Finbar, marked by the completion of our landmark Civic Heart project and a strong financial performance in the face of ongoing industry challenges. I am pleased to present to you a detailed overview of our performance and outlook. Financial performance I am delighted to report a total comprehensive income of $16.4 million for the year ended June 30, 2024. This result, a substantial improvement from the previous year’s figure of just under $3 million, reflects the successful delivery of our key project and the resilience of our business model during challenging market conditions. Our strong financial position is further evidenced by our cash balance of $220 million at year-end. While this figure is noteworthy, it should be considered alongside the $173.5 million in loans and borrowings on our balance sheet on June 30, directly related to Civic Heart’s construction facility which was subsequently repaid on July 4, ensuring all remaining unsettled stock at Civic Heart is now debt free. Project delivery The completion of Civic Heart has been the defining achievement of this financial year. As Western Australia’s largest residential project and Perth’s tallest building outside the CBD, it represents a decade of planning, perseverance, challenges, and execution. The settlement of 194 lots valued at $212 million in the final days of the financial year was a satisfying conclusion to this monumental project. Civic Heart, which has achieved a total of $355.5 million in sales to date with $266 million now settled, stands as a testament to Finbar’s capability to deliver large-scale, complex developments even in challenging market conditions. Just 55 of the total 334 lots are yet to sell at Civic Heart. We are now in the final stages of completing The Point in Rivervale and Aurora in Applecross, with both projects expected to reach completion in September and October this year, respectively. We have secured $81.5 million in sales at The Point, equating to ” 82% of the stock on offer. At Aurora, we have sold 70 of 121 lots, totalling $67.65 million. While The Point has been more exposed to the construction cost increases of recent years, potentially impacting its profitability, Aurora’s premium location is expected to deliver more robust margins. These projects will add to our portfolio of completed stock, providing ongoing sales opportunities in the coming year. We have commenced construction on Garden Towers in East Perth, with 65% of the 344 lots having sold. We have also seen strong sales for our recently launched Bel-Air project in Rivervale, with 57% of its apartments sold since marketing began in May 2024. We anticipate commencing construction on Bel-Air before the end of the calendar year. These new projects demonstrate our confidence in the market and our ability to continue delivering quality developments that meet buyer expectations despite the higher construction price environment in which we are now operating. 6 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t Market conditions and outlook The Perth property market continues to present both challenges and opportunities. While we have seen some stabilisation in construction costs, labour costs remain elevated. The long anticipated and now continual increase in values of our product is helping the Company adapt to this new construction cost environment. Our experienced team is focused on innovative design to meet evolving market needs, and efficient construction methods to mitigate these cost pressures. Strategic focus As we move forward, our focus remains on efficient project delivery, prudent capital management, and an agile structure to help us respond rapidly to changing market demands and conditions. We continue to advocate for policy changes that would support the property sector, including the extension of stamp duty concessions to completed stock and a review of the foreign buyer surcharge. These measures could stimulate further activity in the market and support the delivery of muchneeded housing stock. The chronic undersupply of housing in Perth, with only 2,016 houses and 914 apartments currently available for sale, underpins the ongoing demand for our products. We believe the medium and high-density sector will play a crucial role in meeting the state’s housing needs, with WA on track to fall more than 15,000 homes short of its National Housing Accord target. This scenario positions Finbar favourably to contribute significantly to addressing this shortfall and should also support further pricing growth whilst this demand remains unsatisfied. Our Finbar to Rent and Finbar Sales divisions continue to grow, contributing $414,000 and $436,000 respectively to our after-tax profit. These divisions provide valuable diversification to our income streams, enable us to stay connected and engaged with our valued clients after delivery, and enhance our understanding of the rental market, informing our development decisions. Our project pipeline remains strong, with several approved developments ready to launch when market conditions align. This positions us well to meet future demand without the immediate need for new site acquisitions. However, we remain alert to potential opportunities that may arise in the market, maintaining our disciplined approach to land acquisition. The performance of our investment property in Karratha, Pelago has been particularly noteworthy, contributing $2.34 million to our profit before tax, excluding a lift in book value of the underlying asset. Acknowledgements I would like to extend my sincere thanks to our financiers CBA, NAB, Westpac for their continued support and confidence in our business. Our design and construction partners, SS Chang Architects and Hanssen, have been instrumental in our success, and we are grateful for their ongoing collaboration. To our Finbar team, your dedication and hard work over multiple years, especially on long-term projects like Civic Heart, is deeply appreciated. The emotional investment you bring to each project is evident in the quality of our developments and the satisfaction of our customers. Lastly, I join our chairman in extending our gratitude to Ed Bank, our retiring CFO and Company Secretary, for his 19 years of outstanding service to Finbar. Ed’s contribution to the company’s growth and financial management has been invaluable, and we wish him all the best in his well-earned retirement from corporate life. As we look to the future, we are well-positioned to capitalise on the opportunities in the Perth property market. Our strong balance sheet, experienced team, and pipeline of quality projects provide a solid foundation for continued success. We thank our shareholders for their continued support and look forward to delivering strong results and the distribution of earnings to you in the coming year. Darren Pateman Managing Director 7 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t FY24 Highlights Total Revenue $194.3M Total Comprehensive Income $16.4M Dividend 8c per share Earnings Per Share 6.1c Total Sales * 319 Settlements * 233 Lots Valued at $246.4M $4.2m average sales of completed apartments per month* *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. Other Highlights Presale Book Value* Future Pipeline* Under Construction* $18.4m 602 Lots | Valued at $439.7M 641 Lots | Valued at $536.7M $1.1B average sales of off-the-plan apartments per month* *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t 8 9 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Key Financial Metrics SOURCE OF EARNINGS TOTAL EARNINGS * Development Income 90% Rental Income 4% Other 6% Civic Heart 92% DEVELOPMENT INCOME * RENTAL INCOME *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. AT238 7% Dianella 1% Pelago 79% Fairlaines 17% Other 4% 10 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t Key Financial Metrics (continued) TOTAL COMPREHENSIVE INCOME $MILLION $16.4 $13.8 $11.4 $11.0 $7.1 $8.9 $5.1 2017 $2.8 2018 2019 2020 2021 2022 2023 2024 FULLY FRANKED DIVIDEND $ PER SHARE Interim Dividend 0.06 0.06 Final Dividend 0.08 0.06 0.04 0.04 0.03 0.00 2017 2018 2019 2020 2021 2022 2023 2024 EARNINGS PER SHARE $ PER SHARE $0.06 $0.06 $0.04 $0.04 $0.02 $0.02 $0.03 $0.01 2017 2018 2019 2020 2021 2022 2023 2024 11 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Key Financial Metrics (continued) PROJECT PIPELINE VALUE * $2.0 $BILLION $1.8 $1.2 2017 2018 2019 $1.3 $1.4 $1.5 $1.4 $1.1 2020 2021 2022 2023 2024 Finbar maintains a robust Project Pipeline of $1.1 BILLION to ensure that the company can capitalise on changing market conditions and bring new product to the market as quickly and efficiently as possible to maximise shareholder returns. PRESALES BOOK VALUE * $MILLION $414.8 $439.7 $349.0 $257.5 $194.5 $175.2 $122.6 $45.6 2017 2018 2019 2020 2021 2022 2023 2024 Sales achieved at Bel-Air, Civic Heart, Aurora, The Point and Garden Towers has contributed to FY2024 presales of $439.7 MILLION. TOTAL DEVELOPED UNITS * UNITS 5293 2017 5675 2018 5984 2019 6402 6527 6655 6776 7110 2020 2021 2022 2023 2024 Total Developed Units reached 7,110 by the end of FY2024 with the addition of 334 units from the completion of Civic Heart. Finbar continues to position itself as the largest residential apartment developer in Western Australia. *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. 12 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t Key Financial Metrics (continued) 400 700 $334 $329 350 300 600 $304 TOTAL SALES AND VALUE* $273 $268 $277 500 $214 200 $86 $45 $0 $4 $6 1 15 24 1996 1997 1998 $17 $17 $94 $95 200 $37 100 178 54 50 100 230 245 309 591 305 211 138 321 184 338 547 403 430 266 235 406 264 200 454 414 195 319 1999 2000 2001 2002 2024 2003 2004 2005 2006 2007 2008 2009 2010 2011 Number Of Sales 1.8 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 700 1.6 1.5 600 1.2 1.1 1 0.8 0.8 0.6 1.1 1.1 500 0.8 0.7 0.7 300 0.5 0.5 0.5 200 0.4 0.3 0.4 0.1 0.2 0.0 1 15 1996 1997 0.1 0.1 100 24 178 54 50 100 230 245 309 591 305 211 138 321 184 338 547 403 430 266 235 406 264 200 454 414 195 319 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Number Of Sales 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Average Sales Per Day 700 $852 $850 900 AVERAGE SALES VALUE* 800 600 $730 $629 700 Thousands 0 2024 1000 $557 600 $686 $678 $617 $577 $706 $626 $611 $601 $598 $526 $519 $647 500 $559 $549 400 $462 500 400 400 0.7 0.6 0.6 0.5 0.6 1.2 0.9 0.9 0.8 1.2 $330 $319 $299 $232 300 $333 $389 $365 $372 300 $255 200 200 100 100 0 Units AVERAGE SALES PER DAY* 1.4 0 0 Total Value 1.6 Sales 300 $110 100 0 $148 $140 $134 $133 150 $166 $167 $158 $143 400 $195 Units $198 1 15 24 178 54 50 100 230 245 309 591 305 211 138 321 184 338 547 403 430 266 235 406 264 200 454 414 195 319 1996 1997 1998 2000 2001 2002 1999 2003 2004 2005 2006 2007 2008 2009 Number Of Sales 2010 2011 2012 2013 2014 2015 2016 Average Sales Value *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. 2017 2018 2019 2020 2021 2022 2023 2024 0 Units Millions 250 50 $271 13 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Key Financial Metrics (continued) FOREIGN BUYER SALES* 112 120 100 74 Sales 80 60 40 43 25 28 FY10 FY11 46 62 52 44 47 20 20 25 FY20 FY21 34 39 40 FY23 FY24 0 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY22 FY24 - SALES ACROSS AGE GROUP* 30% 26% 25% 25% 18% 20% 16% 15% 10% 10% 5% 5% 0 18-24 25-34 35-39 40-49 50-59 60+ FY24 - LOCATION OF BUYER FROM THE DEVELOPMENTS* 30% 25% 23% 20% 16% 16% 14% 15% 10% 10% 7% 6% 4% 5% 0% 2.5km or less 2.6-5km 4% 6-10km 11-20km 21-30km 31-40km Regional Interstate Overseas WA *This is a non-statutory (non-IFRS) measure used by management to assess the performance of the business and includes information from equity accounted investees. 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t Project History 2024 334 CIVIC HEART South Perth 2023 121 AT238 Perth 2021 128 DIANELLA APARTMENTS Dianella 125 RIVERENA Rivervale 2020 123 ONE KENNEDY Maylands 167 SABINA Applecross 2019 128 PALMYRA APARTMENTS EAST Palmyra 59 REVA SOUTH PERTH South Perth 250 VUE TOWER East Perth 2018 244 AIRE WEST PERTH West Perth 138 AURELIA South Perth 2017 227 CONCERTO East Perth 143 MOTIVE West Leederville 2016 116 LINQ Northbridge 169 UNISON ON TENTH Maylands 2015 154 63 47 264 ARBOR NORTH Rivervale NORWOOD PERTH Perth TOCCATA East Perth SUBI STRAND Subiaco 2014 188 8 98 194 SPRING VIEW TOWERS Rivervale 52 MILL POINT RD South Perth ECCO APARTMENTS Perth AU APARTMENTS East Perth 2013 188 131 115 43 PELAGO EAST Pegs Creek (Karratha) ST MARKS Highgate ADAGIO East Perth KNIGHTSGATE Currambine 2012 111 114 128 31 LIME Victoria Park PELAGO WEST Pegs Creek (Karratha) FAIRLANES PERTH East Perth 18 ON PLAIN East Perth 2011 202 X2 APARTMENTS East Perth 2010 75 THE EDGE Victoria Park 85 THE SAINT East Perth 2009 34 50 62 197 71 71 VERVE Perth HORIZON CENTRAL Maylands HORIZON SIXTH Maylands ROYALE Perth REFLECTIONS EAST East Perth REFLECTIONS WEST East Perth 14 29 YEARS 77 LANDMARK DEVELOPMENTS 7110 UNITS COMPLETED 2009 21 CIRCLE EAST Northbridge 16 CIRCLE WEST Northbridge 114 CODE Perth 2008 113 111 123 81 49 CERESA Rivervale INFINITY East Perth ALTAIR East Perth DOMUS Perth DEL MAR Mandurah 2007 80 76 60 104 SOHO East Perth AVENA Rivervale SOL APARTMENTS West Perth ONE28 East Perth 2005 54 43 98 64 14 ARUM Rivervale SAMPHIRE Rivervale WESTRALIAN East Perth COSMOPOLITAN East Perth RIVERSTONE South Perth 2004 94 51 25 45 MARKETRISE West Perth 175 HAY East Perth BLUE 2 South Perth KINGSTON West Perth 2003 30 ST THOMAS SQUARE Subiaco 47 MONTEREY BAY Port Mandurah 2001 54 47 11 25 2000 68 THE RISE East Perth 76 WELLINGTON PLACE East Perth 1 ALBANY HIGHWAY MEDICAL CENTRE Victoria Park 1999 1 CORFIELD STREET MEDICAL CENTRE Gosnells 12 MATILDA BAY APARTMENTS Crawley 1998 78 PADDINGTON PLACE West Perth 1997 5 167 MELVILLE PARADE South Perth 15 SEVILLE ON THE POINT South Perth 1996 3 THE LINKS South Perth 5 19 RENWICK STREET South Perth BLUEWATER South Perth CHELSEA GARDENS West Perth 85 MILL POINT ROAD South Perth THE 10TH TEE The Vines 15 2 0 2 4 F i n ba r G r oup L i m i t e d A nnua l Re p or t Finbar Milestones 1990s 1995 Lists on ASX as Property Development Company operating out of a 2 bedroom Como apartment Commenced 1st Development Seville on the Point, South Perth 1997 Completed 1st Development Seville on the Point, South Perth 1998 $1m net profit milestone Maiden net profit $0.7m 2010s 2010 Secured first Pilbara project, Pelago West, Karratha $20m net profit milestone 2012 3000 2013 apartments milestone Pelago West awarded Judge’s and UDIA High Density Development Completed company’s first Pilbara project 2013 Relocated to Fairlanes building, East Perth (13 staff) Fairlanes awarded winner UDIA High Density Development $30m net profit milestone 2012 2020s 2020 25th Year on the ASX 2021 Launched internal sales division – Finbar Sales Sabina awarded Property Council WA Best Residential Development and UDIA Judges Commendation in the High Density Development Category 2021 FINALIST 16 2 0 2 4 F i n bar G r oup L i m i t e d A nnua l Re p or t 29 years on the ASX Our reputation is everything to us. Since we listed Finbar on the ASX 29 years ago, we have built our name on the back of an uninterrupted run of successful developments, from ou