Centurion Corporation (OU8) investor relations material

Corporate overview

• Living-sector portfolio spans PBWA, PBSA, BTR and KWA across five countries; AUM S$3.1b, with 85,528 operational beds and apartments across 43 properties as at 30 June 2026.

• Core platforms include Westlite for worker accommodation and dwell and EPIISOD for student accommodation; two operational KWA assets were added in Pilbara, Western Australia.

• Portfolio includes 25 owned-and-operated assets with S$0.9b AUM and 18 managed assets with S$2.2b AUM; managed-asset AUM excludes third-party managed assets.

• 1H 2026 milestones included entry into KWA and inclusion in multiple indices, including FTSE ASEAN All-Share and MSCI Small Cap.

1H 2026 financial performance

• Revenue rose 31% YoY to S$184.9m; gross profit was S$146.0m and gross margin increased 2pp to 79%.

• Net profit from core business increased 34% to S$87.7m; net profit after tax fell 36% to S$53.1m, after a S$34.5m fair-value loss on investment properties.

• PBWA revenue increased 32% to S$143.1m, with segment profit up 35% to S$97.6m; PBSA revenue rose 31% to S$40.6m, with segment profit up 53% to S$22.9m.

• Singapore generated 70% of revenue; Australia revenue rose 113% to S$16.5m, while UK revenue increased 3% to S$23.2m.

• Cash and bank balances were S$301.7m at 30 June 2026; net gearing was 24% versus 12% at 31 December 2025, and interest coverage was 5.6x.

Portfolio performance and outlook

• Singapore PBWA occupancy averaged 94% versus 99% in 1H 2025 as new capacity ramped up; occupancy is expected to improve in 2H 2026. Malaysia occupancy was 73% versus 83%, with improvement expected as quota applications ease in select industries.

• UK PBSA occupancy was 98% versus 97% in 1H 2025; Australia was 95% versus 91%, with occupancy expected to remain stable in Australia in 2H 2026.

• Australia PBSA revenue more than doubled to S$16.5m, supported by EPIISOD Macquarie Park and positive rental reversions; UK PBSA revenue grew 3% to S$23.2m.

• Hong Kong worker accommodation occupancy was 70%; Hong Kong student accommodation occupancy was 98%, up from 40% in 1H 2025. Xiamen BTR occupancy was 85% in 1H 2026.

• 2H 2026 revenue guidance is ~S$190m, up 22% YoY, supported by new capacity and assets, Westlite Mandai consolidation, strong occupancy in Singapore, the UK and Australia, and moderate rental reversions.