Winton Land Limited · NZX:WIN
Winton Land — Shareholder Meeting (October 2026)
33 slides from Winton Land's shareholder meeting presentation, Oct 23, 2026
Slide 1: Market Announcement: Winton's 2026 Annual Meeting Materials
MARKET ANNOUNCEMENT NZX: WIN / ASX: WTN For personal use only 23 October 2026 WINTON’S 2026 ANNUAL MEETING MATERIALS Winton (NZX: WIN / ASX: WTN) today holds its annual meeting of shareholders online. Winton has provided NZX with a copy of the presentation and speech to be made at the annual meeting
Slide 2: Annual Meeting of Shareholders FY26: Business Update
personal use only 1. Business Update ANNUAL MEETING OF SHAREHOLDERS FY26
Slide 3: Voting and asking questions
Voting and asking questions personal use only Voting Card Question box 22 2
Slide 4: Winton Board
personal use only Winton Board 33 3
Slide 5: Agenda
1. Chair Address 2. Asset Overview 3. Resolutions 4. Other Business and Shareholder Questions personal use only Jimmy’s Point, Launch Bay Hobsonville Point 4
Slide 6: Chairman Address
personal use only Ayrburn, Arrowtown CHAIRMAN ADDRESS
Slide 7: Where We Stand
Where We Stand Where we stand today personal use only • Restored a compliant and credible board • Ended the trading suspension • Put our own money on the table • Started the rebuild of our leadership team • Re-committed to our people Our commitment to all shareholders 1. Governance you can trust 2.
Slide 8: Key Highlights
Key Highlights For the 12 months ending 30 June 2026 (FY26): personal use only $188.8m Revenue 430 Units delivered and settled $45.6m EBITDA $38.8m Cash $22.7m Net profit after tax c.5,400 Unit¹ landbank yield Notes: 1. Units comprise residential land lots, dwellings, townhouses, apartments, retirem
Slide 9: FY26 Financial Performance
FY26 Financial Performance Revenue up 21.5% - margin uplift drives profit growth. personal use only Financial Performance Statement of Financial Performance FY26 FY25 NZ$m (unless indicated otherwise) Year Ended Year Ended Movement • Revenue $188.8m, up 21.5% (FY25: $155.4m); 430 units settled, up 1
Slide 10: Asset Overview
personal use only Northbrook, Wānaka ASSET OVERVIEW
Slide 11: Residential Development FY26
RESIDENTIAL Residential Development FY26 Winton’s longstanding pre-sale strategy continues to deliver, achieving FY26 revenue $148.1 million. personal use only Northlake, Wanaka • Stages 18B/18C completed and titled, concluding 125 lots; 41 units remaining (pre-sold or available) • Stage 15 settled
Slide 12: Fast-track Approvals
Fast-track Approvals Sunfield and Ayrburn Screen Hub both approved under the Fast-track Approvals Act 2024. personal use only Sunfield, Auckland • Approved by the Expert Panel, 10 March 2026 • Auckland Council appealed to the High Court on a point of law (filed 9 April 2026) • Appeal heard 15–16 Sep
Slide 13: Retirement: Northbrook Wānaka
RETIREMENT Northbrook Wānaka Stage 2 Underway Northbrook Wānaka marked its first birthday on 14 May 2026. personal use only • Steady move-ins over the first year; entry prices tracking in line with expectations • Wellness Spa opened 4 February 2026: heated indoor pool, spa, sauna, gym, yoga/Pilates
Slide 14: Retirement: Goodfellows Lakeside
RETIREMENT Goodfellows Lakeside A new lifestyle village in Lakeside, Te Kauwhata for those over 60. personal use only Kennet Display Home, Goodfellows Lakeside • Launched 2 May 2026 with 18 lots released in Stage 1; Stage 1 delivers 72 homes of an eventual 210 Residents’ Lounge, Goodfellows Lakeside
Slide 15: Commercial: Cracker Bay
COMMERCIAL Cracker Bay continued to establish itself as a distinctive waterfront precinct during FY26. personal use only • Office building 88% occupied across four levels; Level 1 the only floor • Bravo opened 26 February 2026: overwater restaurant and all-day dining unleased on the Waitematā Harbou
Slide 16: Commercial: Ayrburn
COMMERCIAL FY26 marked the first full year with all Ayrburn venues trading. personal use only • Hospitality revenue $35.8m, up 69.4%: all venues trading for the full year • Billy's and The Woolshed named Michelin Selected in 2026, recognising New Zealand's most exceptional restaurants • Second Ayrbu
Slide 17: Dividend and Outlook
Dividend and Outlook Navigating softer conditions — focus on recurrent income, Sunfield and South Island developments. • Unemployment at 5.6% and still rising; net migration below long- personal use only term average • Encouraging signs: building consents above long-run average, concrete volumes bac
Slide 18: Resolutions
personal use only Northbrook, Wānaka RESOLUTIONS
Slide 19: Voting and asking questions
Voting and asking questions personal use only Voting Card Question box 18 18 18
Slide 20: Resolution 1: Election of Michael Stiassny as Director
Resolution 1: Election of Michael Stiassny as Director That Michael Stiassny, having been appointed by the Board and only holding office until the Annual Meeting of Shareholders, be elected as Director of the personal use only Company. The Board unanimously recommends that shareholders vote in favou
Slide 21: Resolution 2: Auditor's Remuneration
Resolution 2: Auditor’s Remuneration That the Board be authorised to fix the fees and expenses of Ernst & Young as the auditor of the Company for the ensuing year. personal use only The Board unanimously recommends that shareholders vote in favour of this resolution. Lakeside, Te Kauwhata 20
Slide 22: Proxy Vote Outcomes
Proxy Vote Outcomes RESOLUTION FOR AGAINST PROXY personal use only DISCRETION Election of Michael Stiassny as 248,099,223 4,881 79,559 Director (99.97%) (0.00%) (0.03%) Auditor’s Remuneration 248,099,471 5,359 80,567 (99.97%) (0.00%) (0.03%) 21
Slide 23: Other Business and Shareholder Questions
personal use only Northbrook, Wānaka OTHER BUSINESS AND SHAREHOLDER QUESTIONS
Slide 24: Thank You for Attending
personal use only The Manure Room and The Woolshed, Ayrburn THANK YOU FOR ATTENDING
Slide 25: Important Notice and Disclaimer
DISCLAIMER Important Notice and Disclaimer This disclaimer applies to this document and the accompanying material (“Document”) or any information contained in it. The information included in this Document should be read in conjunction with the audited consolidated financial statements for the year e
Slide 26: Winton: Best by Design
WINTON BEST BY DESIGN
Slide 27: Chair's Speech: Presentation to the Annual Meeting
MARKET ANNOUNCEMENT NZX: WIN / ASX: WTN For personal use only 23 October 2026 PRESENTATION TO THE WINTON ANNUAL MEETING OF SHAREHOLDERS At 11.00am on Friday, 23 October 2026. Chair Michael Stiassny Welcome, and thank you for joining us at Winton’s Annual Meeting of Shareholders for 2026, which is be
Slide 28: Chair's Speech: Meeting Formalities
I would also like to welcome representatives from our FY26 auditors, Ernst & Young, our external legal counsel, Chapman Tripp, and the team from our share registrar, MUFG Pension & Market Services, who are here with us today. The share registrar will help conduct the voting on the formal business la
Slide 29: Where We Have Been
Where we have been I will not dwell on the events of recent months, but neither will I pretend they didn't happen. A number of directors resigned earlier this year, citing a fundamental misalignment with the majority shareholder. Trading in our shares was suspended because we fell short of the For p
Slide 30: Controlling Shareholder
Winton has a controlling shareholder holding around 55% of the company, alongside other significant holders and several thousand smaller shareholders. Let me say clearly: a committed, long-term majority shareholder is not a problem — it can be a strength. It provides stability of ownership, strategi
Slide 31: Speech: FY26 Results
That work began on 2 September, it continues today, and it will be evident at your next annual meeting. The turmoil of recent months is behind us. The task of putting this company back on track — for all of its shareholders and all of its people — is now ahead of us, and it is well in hand. Thank yo
Slide 32: Speech: Residential Development
General Manager, Project Delivery Thank you Michael. Winton’s residential development business again underpinned the result, contributing revenue of For personal use only $148.1 million and EBITDA of $41.8 million. FY26 was a landmark year for Lakeside at Te Kauwhata, with 317 units settling across
Slide 33: Speech: Commercial and Retirement
including a heated pool and spa, gym and residents’ lounge. A full sales campaign commenced this month. Cracker Bay continued to establish itself as a distinctive waterfront precinct during FY26. The modernised office building is now 88% occupied across its four levels, and the car park continues Fo