Pinnacle Investment Management Group Limited · ASX:PNI
Pinnacle Investment Management — Shareholder Meeting (October 2026)
88 slides from Pinnacle Investment Management's shareholder meeting presentation, Oct 29, 2026
Slide 1: Welcome to the 2026 Annual General Meeting
al use only P INNAC LE INVE STM ENT MA NA GE MENT GRO U P LIM ITED (P NI) Welcome to the 2026 Annual General Meeting The meeting will commence at 9:00am (Sydney time) 3 0 t h Octo be r, 20 2 6
Slide 2: Agenda
Agenda 2 01 Formal Business 3 02 Managing Director’s Address 22 al use only FY26 Themes FY26 Financial Results Latest Update – Q1 FY27 Growth Agenda 43 Corporate Responsibility 51 03 Q&A 59 04 Additional Information 60
Slide 3: Formal Business
al use only 01 Formal Business
Slide 4: Formal Business
Formal Business 4 • Item 1 – Tabling of FY26 financial statements • Item 2 – Adoption of Remuneration Report al use only • Item 3 – Election and Re-election of Directors • Item 4 – Acquisition of Shares by Andrew Chambers under the Omnibus Incentive Plan • Item 5 – Ratification of prior issue of Sha
Slide 5: How to ask a question
How to ask a question (for shareholders joining online) 5 • To ask a written question, select the Q & A icon • Select the topic your question relates to from the drop-down list al use only • Type your question in the text box and press the send button • To ask a verbal question, follow the instructi
Slide 6: How to vote
How to vote (for shareholders joining online) 6 • When the poll is open, select the vote icon at the top of the screen • To vote, select either For, Against or Abstain al use only • You will see a vote confirmation • To change or cancel your vote, click on "click here to change your vote" at any tim
Slide 7: Item 1 – Tabling of FY26 financial statements
Item 1 – Tabling of FY26 financial statements 7 al use only
Slide 8: Item 2 – Adoption of Remuneration Report
Item 2 – Adoption of Remuneration Report 8 To consider and, if thought fit, pass the following advisory, non-binding resolution as an ordinary resolution: al use only “To adopt the Remuneration Report for the financial year ended 30 June 2026 for the purposes of section 250R(2) of the Corporations A
Slide 9: Item 2 – Adoption of Remuneration Report
Item 2 – Adoption of Remuneration Report 9 RESOLUTION 2 Resolution by proxy Adoption of Remuneration Report % of eligible proxies in favour 96.92 al use only Total number votes cast For 138,922,128 Against 3,686,601 Open usable 733,684 Excluded votes 22,086,629 Abstain 11,335
Slide 10: Item 3(a) – Election of Matthew Lamb
Item 3(a) – Election of Matthew Lamb 10 To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only "That Matthew Lamb, a Director appointed in accordance with clause 15.1(f) of the Constitution and retires in accordance with clause 15.1(g) of the Constituti
Slide 11: Item 3(a) – Election of Matthew Lamb
Item 3(a) – Election of Matthew Lamb 11 RESOLUTION 3(a) Resolution by proxy Election of Matthew Lamb % of eligible proxies in favour 91.89 al use only Total number votes cast For 152,007,649 Against 12,682,239 Open usable 733,684 Excluded votes 0 Abstain 16,805
Slide 12: Item 3(b) – Re-election of Andrew Chambers
Item 3(b) – Re-election of Andrew Chambers 12 To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only “That Andrew Chambers, who retires from the office of Director by rotation pursuant to clause 15.4(a)(ii) of the Constitution and, being eligible, offer
Slide 13: Item 3(b) – Re-election of Andrew Chambers
Item 3(b) – Re-election of Andrew Chambers 13 RESOLUTION 3(b) Resolution by proxy Re-election of Andrew Chambers % of eligible proxies in favour 90.74 al use only Total number votes cast For 150,093,799 Against 14,596,367 Open usable 733,684 Excluded votes 0 Abstain 16,527
Slide 14: Item 3(c) – Re-election of Christa Lenard
Item 3(c) – Re-election of Christa Lenard 14 To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only “That Christa Lenard, who retires from the office of Director by rotation pursuant to clause 15.4(a)(ii) of the Constitution and, being eligible, offers
Slide 15: Item 3(c) – Re-election of Christa Lenard
Item 3(c) – Re-election of Christa Lenard 15 RESOLUTION 3(c) Resolution by proxy Re-election of Christa Lenard % of eligible proxies in favour 98.78 al use only Total number votes cast For 163,389,857 Against 1,300,309 Open usable 733,684 Excluded votes 0 Abstain 16,527
Slide 16: Item 4 – Acquisition of Shares by Andrew Chambers
Item 4 – Acquisition of Shares by Andrew Chambers under the Omnibus Incentive Plan 16 To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only “That, subject to the passing of the resolution the subject of item 3(b), under and for the purposes of Listing
Slide 17: Item 4 – Acquisition of Shares by Andrew Chambers
Item 4 – Acquisition of Shares by Andrew Chambers under the Omnibus Incentive Plan 17 RESOLUTION 4 Acquisition of Shares by Andrew Chambers under the Omnibus Resolution by proxy Incentive Plan % of eligible proxies in favour 97.99 al use only Total number votes cast For 140,460,266 Against 2,144,367
Slide 18: Item 5 – Ratification of prior issue of Shares (PAM)
Item 5 – Ratification of prior issue of Shares as partial consideration under the PAM Transaction 18 To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only “That, under and for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders ap
Slide 19: Item 5 – Ratification of prior issue of Shares (PAM)
Item 5 – Ratification of prior issue of Shares as partial consideration under the PAM Transaction 19 RESOLUTION 5 Ratification of prior issue of Shares as partial consideration Resolution by proxy under the PAM Transaction % of eligible proxies in favour 99.42 al use only Total number votes cast For
Slide 20: Item 6 – Approval to issue Shares (AVI)
Item 6 – Approval to issue Shares as partial consideration under the AVI Transaction 20 • To consider and, if thought fit, pass the following resolution as an ordinary resolution: al use only “That, under and for the purposes of Listing Rule 7.4 and for all other purposes, Shareholders approve and r
Slide 21: Item 6 – Approval to issue Shares (AVI)
Item 6 – Approval to issue Shares as partial consideration under the AVI Transaction 21 RESOLUTION 6 Approval to issue Shares as partial consideration under the AVI Resolution by proxy Transaction % of eligible proxies in favour 99.45 al use only Total number votes cast For 163,522,647 Against 166,5
Slide 22: Managing Director’s Address
al use only 02 Managing Director’s Address
Slide 23: Managing Director’s Address
Managing Director’s Address 23 • FY26 Highlights • FY26 Results • Financial Results al use only • Performance Fees • Funds Under Management • Latest Update – Q1 FY27 • FUM & Flows • Performance • Growth Agenda • Three Horizons of Growth • Horizon 2 • Horizon 3 • Affiliate Updates • Corporate Respons
Slide 24: Pinnacle: A Preeminent Multi-Affiliate Platform
Pinnacle: A Preeminent Multi-Affiliate Platform 24 A high-quality, scalable multi-affiliate platform compounding earnings and dividends through cycles • Diversified and Resilient: 19 Affiliates across public and private markets, spanning asset classes, styles and geographies. Our ‘supported independ
Slide 25: FY26 Highlights
FY26 Highlights 25 Strong cor e ear nings gr ow th Continuing investment excellence • Pinnacle NPAT up 31% on FY25 • 81% of Affiliate strategies with a track record of five years or longer • Excluding returns on PI and the non-cash profit recorded on the have outperformed over a five-year period ste
Slide 26: High EPS growth supported by diversified, scalable model
High EPS growth is supported by a diversified, scalable and cash-generative business model 26 High compounding returns achieved by executing our unique model and Three Horizons of growth1, in parallel, across more addressable markets • Pinnacle’s business model is globally distinct, compelling and s
Slide 27: FY26 Financial Highlights
FY26 Financial Highlights 27 FY26 FY25 Change Earnings & Returns NPAT $176.7m $134.4m 31% Diluted EPS 78.1c 62.4c 25% DPS 60.0c 60.0c 0% DPR 77% 96% Franking 72% 79% 30 Jun 26 30 Jun 25 Change al use only Affiliate Performance Aggregate Affiliate FUM (at 100%) $229.4bn3 $179.4bn 28% Aggregate Retail
Slide 28: Strong growth in core earnings
Strong growth in core earnings 28 (AUD $m) FY26 FY25 FY24 FY23 Reported NPAT 176.7 134.4 90.4 76.5 Returns on Principal Investments (PI) (2.3) 23.9 17.4 14.2 Non-recurring returns on other investments 46.21 - (3.4) 2 0.62 Net interest expense (5.2) (3.7) (5.6) (5.2) Adjusted NPAT 138.0 114.2 81.9 66
Slide 29: Track record of earnings growth through market cycles
Track record of earnings growth through market cycles 29 The strength and diversity of our platform generates material earnings growth for our shareholders through cycles and over th e long-term. Expansion into much larger, global markets sets the stage for the next phase of growth NPAT growth: 2016
Slide 30: Performance fees
Performance fees 30 Pinnacle Affiliates continue to outperform benchmarks, resulting in continued FUM growth and performance fee generation Closing FUM & number of strategies subject to performance fees • It remains a key strategy of Pinnacle and Affiliates to grow FUM that has the ability to earn p
Slide 31: Evolution & Growth | FUM & Flows
Evolution & Growth | FUM & Flows 31 FUM ($bn)1 Dome st ic Insti tut iona l Re ta il Int ernat iona l Int ernat iona l % 300 Re ta il % Dome stic Insti tutiona l % Re ta il & I nte rnational % • FUM has grown at a CAGR of 27.8% p.a. over the last ten years (25.1% excluding $6.8bn ‘acquired’ in Jul 20
Slide 32: Evolution of FUM by channel type
Evolution of FUM by channel type 32 Horizon 2 build-out of Wholesale & Retail and International distribution platform has driven growth, diversification, profitability and resilience 30 Jun 26 - $229.4bn 30 Jun 16 - $19.8bn 50.7 0.5 al use only 2.6 Domes tic Institutional 103.8 International 16.7 Re
Slide 33: Evolution of FUM | private markets & international
Evolution of FUM | private markets & international 33 Private Markets Asset Growth1 • At 30 June 202 6, FUM in private markets asset cla sses was $37.8bn 40 $1.5bn / 6% of total FUM at 30 June 2016 → $37.8bn / 16% of • 16% of to tal FUM total FUM at 30 June 2026 • Up from $1.5bn / 6% of to tal FUM a
Slide 34: Evolution of international platform
Evolution of international platform 34 Cumulative International Flows by Affiliate • Pinnacle has deliberately globalized its platform, investing across all Three Horizons: 35 30 • Organic growth of existing Affiliates and strategies into international markets 25 • New Affiliate ‘start-ups’ and new
Slide 35: Latest Update – Q1 FY27 – FUM and flows
Latest Update – Q1 FY27 – FUM and flows 35 • Total Affiliate FUM (at 100%) at 30 September 2026 of $238.1 billion – up $8.7 billion or 4% from $229.4 billion at 30 June 2026 (up $6.3 billion or 3%, excluding FUM ‘acquired’ by Antipodes during the quarter) • Total Affiliate Retail FUM (at 100%) at 30
Slide 36: Latest Update – Q1 FY27 – FUM and flows
Latest Update – Q1 FY27 – FUM and flows 36 • Net flows positive for the quarter, led by a strong retail result in both Australian and international channels • Australian retail net inflows driven by resilient demand for global equities, global credit, Australian equities and real assets Internationa
Slide 37: Continuing strong investment performance of Affiliates
37 Inception Inception 5Y (p.a.) 10Y (p.a.) Continuing strong investment (p.a.) Date Pinnacle Investment Management performance of Affiliates to 30 Hyperion Asset Management - Gross Performance September 2026 Hyperion Australian Growth Companies Fund -3.95% 6.33% 10.31% 1/10/2002 Outperformance -11.
Slide 38: Continuing strong investment performance of Affiliates
38 Inception Inception 5Y (p.a.) 10Y (p.a.) Continuing strong investment Pinnacle Investment Management (p.a.) Date performance of Affiliates to 30 Resolution Capital - Gross Performance Resolution Capital Global Property Securities Fund (Managed Fund) 1.86% 4.71% 8.26% 30/09/2008 September 2026 Out
Slide 39: Continuing strong investment performance of Affiliates
39 Inception Inception Continuing strong investment 5Y (p.a.) 10Y (p.a.) (p.a.) Date Pinnacle Investment Management performance of Affiliates to 30 Firetrail Investments - Gross Performance Firetrail Australian High Conviction Fund 8.05% - 8.35% 14/03/2018 September 2026 Outperformance 0.37% - -0.35
Slide 40: Performance of Affiliates to 30 September 2026
40 Incepti on Incepti on 1Y 3Y ( p.a.) 5Y ( p.a.) 10Y ( p.a.) ( p.a.) Date Performance of Affiliates to 30 Pinnacle Investment Management Hype r ion Asse t Man age m e n t - Gr oss Pe r for m an c e September 2026 Hyperion Australian Growth Companies Fund -26.50% 1.85% -3.95% 6.33% 10.31% 1/10/2002
Slide 41: Performance of Affiliates to 30 September 2026
41 Inception Incepti on Incepti Inceptionon 1Y 1Y 3Y 3Y ( p.a(p.a.) .) 5Y 5Y (p.a.) ( p.a 10Y( p.a .) 10Y (p.a.) .) (p.a.) ( p.a .) DDate a te Performance of Affiliates to 30 Pinnacle Investment Pinnacle InvestmentManagement Management Pal i sade In ve st m e n t Par t n e r s - Gr o ss Pe r fo r m
Slide 42: Performance of Affiliates to 30 September 2026
42 Incepti on Incepti on Performance of Affiliates to 30 1Y 3Y (p.a.) 5Y (p.a.) 10Y (p.a.) (p.a.) Date Pinnacle Investment Management September 2026 Riparian Capital Partners - Gross Performance Riparian Water Fund 11.24% 7.49% 6.83% - 6.45% 1/12/2019 Outperformance 4.24% 0.49% -0.17% - -0.55% Langd
Slide 43: Growth Agenda
al use only Growth Agenda
Slide 44: Three Horizons of growth
Three Horizons of growth 44 Prepared for, and seeking, further expansion opportunities – committed to fully leveraging our established global multi-affiliate platform by selectively expanding and deepening our model internationally, while maintaining unwavering discipline on quality and valuation •
Slide 45: Future growth drivers
Future growth drivers 45 An excellent platform in place to move ahead with sustained growth Distribution Robust, Flexible Start-Up Affiliate Existing Affiliate Acquisitive Platform Expansion Operating Platform Enablement Expansion Growth • Investment in (and • Robust, flexible • Develop investment •
Slide 46: Horizon 2 in review
Horizon 2 in review 46 Investment in our Horizon 2 initiatives have a strong track record of delivering strong returns over the medium to long term with limited initial capital requirements Cumulative Return on Investment in Horizon 2 Initiatives – updated to FY26 (excluding any consideration of inc
Slide 47: Horizon 2 development and growth of Listed Products capability
Horizon 2 development and growth of Listed Products capability 47 • In Australia, Pinnacle now has >$12bn ($7bn ETFs and $5bn Pinnacle Affiliate Australian Listed Product FUM LICs) across 22 listed funds (16 ETFs and 6 LICs). 14,000 • Pinnacle is the largest listed active fund issuer in Australia by
Slide 48: Capacity Graph – continued expansion into adjacent capabilities
Capacity Graph – continued expansion through growth into adjacent capabilities 48 Through careful and consistent investment across our Three Horizons, we have increased both FUM and the platform capacity through strategic diversification – providing the opportunity for further growth without any fur
Slide 49: Horizon 3 – the story so far
Horizon 3 – the story so far 49 Horizon 3 has been a key part of Pinnacle’s growth strategy since inception, adding complementary, high-quality, market-ready investment capability that we can assist to grow more rapidly by leveraging our platform Resolution Capital Metrics Cumulative Return on Inves
Slide 50: International opportunity for the PNI platform
International opportunity for the PNI platform 50 Purposeful expansion into larger international markets – through growing global Affiliate presence, expanding globally relevant product suite and increasing global distribution footprint – provides the opportunity to continue to deliver growth PNI Pe
Slide 51: Corporate Responsibility
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Slide 52: Our Approach to Sustainability
Our Approach to Sustainability 52 We are committed to building a sustainable, inclusive and resilient firm This means fostering a work environment that recruits, retains and supports exceptional people with diverse experience, aligning firm growth with our climate ambitions, expanding the reach and
Slide 53: PNI Foundation
PNI Foundation 53 • Pinnacle is passionate about enabling better lives through investment excellence. This is strongly reflected through a longstanding commitment - together with Affiliates – to the PNI Foundation and its role as a key driver of employee and investor philanthropic interests and the
Slide 54: PNI Group FY26 Aggregate Giving
PNI Group FY26 Aggregate Giving 54 • In 2026 the PNI Foundation made total donations of $823,000 across its four core focus areas, including al use only to 18 long-term NFP partners • Affiliates donated a further $350,000 to 11 of these partners • A further $126,000 was gifted across the broader NFP
Slide 55: PNI Foundation – FY26 NFP Partners
PNI Foundation – FY26 NFP Partners Multiple partnerships with 18 NFPs are driving long-term sustainable impact across four core focus areas: MENTAL HEALTH AND WELLBEING Offering support through community connection, prevention and early intervention strategies al use only DOMESTIC AND FAMILY VIOLENC
Slide 56: Conclusion
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Slide 57: Pinnacle differentiation
Pinnacle differentiation 57 A preeminent multi-affiliate investment firm al use only 1. Distinguished from competitors 2. High quality, experienced, 3. All the advantages, benefits and by comprising the highest dedicated, passionate superior conditions of a quality investment management investment p
Slide 58: Conclusion: high rates of EPS growth should be sustainable
Conclusion: high rates of EPS growth should be sustainable 58 Pinnacle should be able to continue to compound EPS growth at high rates • Pinnacle’s fundamental business model has been winning for 20 years • The model and philosophy are unchanged, strong and sustainable al use only • Investment excel
Slide 59: Q&A
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Slide 60: Additional Information
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Slide 61: FY26 in review
al use only FY26 in review
Slide 62: FY26 financial results
FY26 financial results 62 FY26 ($m) FY25 ($m) % Chang e • NPAT attributable to shareholders of $176.7m PINNACLE • 31% increase on FY25 (25% increase in diluted EPS) Pinna cle Pare nt Revenue1 93.2 65.5 42% • Performance fees earned by Pinnacle Affiliates, post-tax, contributed $35.6m of 2 ,3 Pinnacl
Slide 63: FY26 financial results – balance sheet
FY26 financial results 63 30 Jun 20 26 ($m) 30 Jun 20 25 ($m) % Chang e • Ca sh and PI of $286.0m CURRENT A SSETS • Includes $188.5m inve sted in stra tegies managed by Pinna cle Affiliate s Cash and cash equivalents 89.5 26.6 237% • CBA facility expanded to $250m and fully-drawn Financial assets 19
Slide 64: Investment Performance
Investment Performance 64 Our industry leading portfolio of high performing Affiliates continues to outperform benchmarks and provides an engine for co ntinued FUM growth and performance fee generation Affiliate strategies outperformance over benchmarks 2 (alpha) – over 5-year period, p.a. (before f
Slide 65: Growth, strategic expansion and strong performance across global platform
Growth, strategic expansion and strong performance across Pinnacle’s global platform 65 Seed FUM and Middle office and fund Technology and other working capital administration firm infrastructure FY26 Highlights: Distribution and RE, compliance, Interface for client services finance, legal outsource
Slide 66: Revenue and margin performance and key drivers
Revenue and margin performance and key drivers 66 Strong revenue growth, with notable contribution from newer Affiliates; increasing revenues from previous Horizon 2 initiatives driving margin improvement from funds management activities Affiliate Revenues1,3 Summary results – Affiliates (at 100%) 2
Slide 67: Diversification → resilience of core earnings
Diversification → resilience of core earnings 67 A broadly diversified platform in place to move ahead with sustained growth 30 June 2026 FUM1 by Affiliate (%)2 Change in FUM1 by Asset Class (%) 0.7% 0.4% Life Cycle 30 Jun 26 0.6% 2 1.3% 1.3% 0.4% Metrics ▪ Australian Equities 2.2% PAM ▪ Global Equi
Slide 68: FY26 Market Update – Institutional & International
al use only FY26 Market Update – Institutional & International
Slide 69: Institutional & International
Institutional & International 69 MARKET UPDATE Institutional (Australia) International • $12.3bn net inflows in FY26 • $10.9bn net inflows in FY26 • $5.9bn was from wholesale/retail & family office Strong inflows into core global equities and global fixed al use only • income • Key flows generated f
Slide 70: Growth & Evolution of International FUM
Growth & Evolution of International FUM 70 Progressive expansion of international distribution across institutional and wealth channels has substantially increased the Affiliates’ growth, diversification and profit potential by extending their reach into more addressable markets and attracted new af
Slide 71: FY26 Market Update – Wholesale & Retail
al use only FY26 Market Update – Wholesale & Retail
Slide 72: Australian Wholesale and Retail: Market Update
Australian Wholesale and Retail: Market Update 72 As of 30 Ju n e 2 02 6 $10.2bn in Australian Wholesale and Retail net inflows for FY26 • 1H net inflows $6.8bn. 2H net inflows $3.4bn Wh o le sa le a nd R etai l f l ow s ( N et ) • $8.0bn net inflows into Listed Equities and Listed Real Assets $6.9b
Slide 73: Pacific Asset Management – Update
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Slide 74: Overview of Pacific Asset Management
Overview of Pacific Asset Management 74 Highly diversified asset management platform with an innovative approach and extensive UK distribution footprint Overview Founded in 2016, PAM is a UK-based global asset management platform, managing a range of single manager and multi-asset solutions: US$13.0
Slide 75: Attractive financial profile and strong growth since initial investment
Attractive financial profile and continuation of strong growth since Pinnacle’s initial investment 75 Continuation of strong AUM growth Significant uplift in earnings and margin performance Total AUM (1) (£bn) EBITDA (£m) and margin (%) 14.0 40% 35% 20.0 35% 18.0 12.0 al use only 16.0 30% 10.0 14.0
Slide 76: Acquisition of Asset Value Investors (AVI)
Acquisition of Asset Value Investors (AVI): Expanding PAM’s ‘Home for Growth’ 76 High-quality earnings, clear growth levers and a compelling path to scalable upside. A differentiated, high-quality investment franchise 1 • Specialist UK investment manager with c. £1.9bn AUM, established in 1985 • Fla
Slide 77: Transaction Overview
Transaction Overview 77 Attractive valuation with significant upside through execution. • PAM has acquired a 100% interest in Asset Value Investors Limited (AVI) for a total consideration of ~£40.0m • Consideration was wholly cash (for the departing shareholder) and a combination of cash and Pinnacl
Slide 78: Affiliate summaries
al use only Affiliate summaries
Slide 79: FY26 funds under management
FY26 funds under management 79 9 5 4 3,5 6 7 8 10 Pinnacle (total) Hyperion Plato Solaris RCL Palisade Antipodes Spheria Two Trees Firetrail Metrics Omega Longwave Riparian Coolabah Aikya Five V Langdon Life Cycle PAM VSS Advantage ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m) ($m)1 ($m)1 ($m) (
Slide 80: Pinnacle Affiliates
Pinnacle Affiliates 80 Japan & Asia Buyout, Private Solutions, Renewables and Sustainability • Mid-market private equity leader in Japan, with one of the largest independent, multi-strategy private markets platforms focused on Japan and Asia • Pursues attractive risk-adjusted returns for investors t
Slide 81: Pinnacle Affiliates
Pinnacle Affiliates 81 Global & Australian Credit (Long Only & Long-Short) • CCI’s edge is in generating alpha by exploiting mispricings in liquid, high-grade credit in contrast to traditional fixed-income managers that drive returns through adding more interest rate duration, credit default and/or
Slide 82: Pinnacle Affiliates
Pinnacle Affiliates 82 Australian & Global Growth Equities • Investment process focused on high quality and innovative structural growth businesses • Founded in 1996 • Headquartered in Brisbane, Australia al use only Global & Canadian Small Cap Equities • Active and engaged owners of world class sma
Slide 83: Pinnacle Affiliates
Pinnacle Affiliates 83 Australian Small & Mid Cap Equities • Investment philosophy centered on the view that quality is the long-term driver of small cap excess returns • Fundamental understanding determines how value is created or destroyed by companies for shareholders • Systematic processes provi
Slide 84: Pinnacle Affiliates
Pinnacle Affiliates 84 Modern, highly diversified, asset management platform • Technology enabled adviser solutions – proprietary technology platform that enables turnkey solutions for end clients • Single Manager solutions – support, enable and distribute high quality, boutique investment managers
Slide 85: Pinnacle Affiliates
Pinnacle Affiliates 85 Australian and Global Systematic Equities (Long Only & Long-Short) • Income, Enhanced/Core, Low Volatility, Long Short (Global and Australian Alpha) and Tax-Exempt Equities; • Customised alpha models and portfolio construction for accumulation and retirement solutions • Extens
Slide 86: Pinnacle Affiliates
Pinnacle Affiliates 86 Australian Equities (Long Only and Long-Short) • No predetermined or consistent style bias (‘core’ style) expressed across long only, long -short and income strategies • Analysts empowered as portfolio managers • 100% of short-term incentives linked to client alpha (no alpha,
Slide 87: Pinnacle Investment Management Group Limited (PNI)
Pinnacle Investment Management Group Limited (PNI) 87 This presenta tio n has been prepared by Pinnacle Investment Mana gement Group Limited ABN 22 10 0 3 25 184 (P NI). The informa tio n in this presentation is current a s at 29 October 2026. PNI has prepared this pre sentation base d on informatio
Slide 88: Disclaimer
Disclaimer 88 Lonsec Research The Lonsec Ratings presented in thi s document are publi shed by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421445. The Ratings are limited to "General Advice" (as defined i n the Corporations Act 2001 (Cth)) and based solely on consideration of the investment meri
Pinnacle Investment Management Group — Shareholder Meeting (October 2026) on 6ix