Healthco Healthcare & Wellness Reit · ASX:HCW
Healthco Healthcare & Wellness Reit — FY2026 Earnings Presentation
24 slides from Healthco Healthcare & Wellness Reit's earnings presentation, Aug 18, 2026
Slide 1: FY26 Results Presentation
FY26 Results Presentation 18 August 2026 | ASX:HCW
Slide 2: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by HCW Funds Management Limited (ABN 58 104 438 100, AFSL 239882) (Responsible Entity) as responsible entity of HealthCo Healthcare & Wellness REIT (ARSN 652 057 639). Summary information This Presentation contains summary information abo
Slide 3: Agenda
Agenda 1 Highlights Christian Soberg Fund Manager 2 Healthscope Update 3 Portfolio Overview Sid Sharma 4 Financial Results HMC Capital Managing Director, Real Estate 5 Guidance & Outlook 3
Slide 4: Acknowledgement of Country
Acknowledgement of Country HCW acknowledges the Traditional Custodians of Country throughout Australia and celebrates their diverse culture and connections to land, sea and community. We pay our respect to their Elders past and present and extend that respect to all Aboriginal and Torres Strait Isla
Slide 5: Highlights
1 Highlights 5 The George Centre (Sydney)
Slide 6: FY26 results overview
FY26 results overview Strong portfolio performance with 100% rent collection, strong balance sheet and substantial progress on the Healthscope situation Financials Portfolio Operations Capital management 4.0c $1.34bn 100% 29.0% FFO/unit Portfolio valuation2 Rent collection Gearing6 7.7c 6.06% 99% $1
Slide 7: Healthscope update
2 Healthscope update 7 Knox Private Hospital (Melbourne)
Slide 8: Healthscope update
Healthscope update Alternative operator arrangements1 across the $1.3bn hospital portfolio2 support continuity of healthcare services, tenant diversification and sustainable rents Portfolio of 11 private hospitals in Sydney, Melbourne, Brisbane and Perth3 Status update Northpark (VIC) VRC (VIC) Pine
Slide 9: Portfolio overview
3 Portfolio overview 9 Springfield (Brisbane)
Slide 10: HCW portfolio overview
HCW portfolio overview $1.34bn1 diversified portfolio of critical healthcare infrastructure with 100% rent collection, 99% occupancy and 81% CPI-linked rent Portfolio metrics Portfolio subsectors and key tenants1,8 Geographic split by value Number of properties 21 39% 64% 14% 9% 5% 6% Portfolio valu
Slide 11: Portfolio subsectors
Portfolio subsectors $1.34bn diversified portfolio across Private Hospitals, Government and Life Sciences, Primary and Speciality Care and Aged Care Hospitals (64% of portfolio) Government and Life Sciences (9%) Asset description Modern day and short-stay private hospital Asset description providing
Slide 12: Portfolio metro locations
Portfolio metro locations 97%1 of the HCW portfolio is located in major metro healthcare catchments with strong population growth in Sydney, Melbourne, Brisbane and Perth Sydney Melbourne Brisbane 36% 32% 23% of portfolio of portfolio of portfolio Northpark Ringwood GC Ringwood Rouse Hill Melbourne
Slide 13: Development pipeline
Development pipeline ~$500m development pipeline in Sydney provides future growth opportunities1 Rouse Hill (Sydney) Private Hospital Located within a rapidly growing healthcare precinct anchored by the new $900m+ Rouse Hill Public Hospital ~$150m 100% >7% Estimated capex HCW ownership Target yield
Slide 14: Financial results
4 Financial results 14 Proxima (Gold Coast)
Slide 15: Earnings summary
Earnings summary HCW’s underlying portfolio earnings remained resilient in FY26 Earnings summary ($m) FY25 FY26 Property NOI1 58.0 50.9 FFO UHF distribution 10.0 - ▪ FY26 FFO of 4.0 cpu was impacted by the non-declaration of Responsible entity fees (6.2) (5.5) distributions from UHF, preserving bala
Slide 16: Balance sheet
Balance sheet Strong balance sheet with NTA/unit of $1.35 Balance sheet ($m) Jun-25 Dec-25 Jun-26 Cash and cash equivalents Portfolio valuation 40.5 52.5 55.6 Trade and other receivables 1.7 1.6 1.7 ▪ Portfolio valuation of $1.34bn6, a 3% decline relative to Dec-25 with Derivative financial instrume
Slide 17: Capital management
Capital management $158m of cash and undrawn debt; gearing below the target range Liquidity Debt facilities summary ($m) Dec-25 Jun-26 ▪ Cash and undrawn debt of $158m as at Jun-26 Liquidity ▪ Debt maturity extended to Dec-27 Cash at bank 52.5 55.6 Gearing Senior facilities undrawn 102.7 102.7 ▪ HCW
Slide 18: Guidance and outlook
5 Guidance and outlook 18 Sydney Southwest Private Hospital (Sydney)
Slide 19: Guidance and outlook
Guidance and outlook Distributions to recommence in FY27 subject to the Healthscope situation being resolved 1 FY27 DPU guidance of 6.0 cents subject to the Healthscope situation being resolved 1 ▪ FY27F FFO of ≥ 4.0 cpu reflects initially lower cash distributions from UHF2 ≥ 4.0 cents ▪ FY27 Underl
Slide 20: Appendix: Additional information
Appendix BW update photo Additional information 20 Campbelltown Private Hospital (Sydney)
Slide 21: Sustainability
Sustainability In line with HMC Capital, the Real Estate platform is reviewing its sustainability strategy to align with the wider business evolution Mater Springfield Health Hub, Queensland Environment Solar installed at 100% of HCW’s feasible assets within our operational control1. This represents
Slide 22: Portfolio summary
Portfolio summary High-quality critical infrastructure portfolio with a total value of $1.34bn1 WALE Asset State Fair Value ($m) Cap Rate (%) Site Area (sqm) Occupancy3 (by income)2 Hospitals Camden NSW 95.0 5.63% 8,036 11.5 100% The Geelong Clinic VIC 38.5 6.63% 14,935 12.8 100% Northpark Private H
Slide 23: Additional financial information
Additional financial information HCW FFO reconciliation $m FY25 FY26 Funds from operations (FFO) 36.5 21.9 FFO adjustments: Fair value movements - investment properties1 (61.2) (49.1) Fair value movements – derivatives (5.5) 1.1 Share of profit/(loss) of equity accounted investees1, 2 (30.2) (20.4)
Slide 24: Contacts
Contacts Investors and Analysts Media Christian Soberg Renee Jacob John Frey Fund Manager Investor Relations Corporate communications +61 450 417 712 +61 407 328 092 +61 411 361 361 christian.soberg@hmccapital.com.au renee.jacob@hmccapital.com.au john@brightoncomms.com.au Authorised for release by t
HealthCo Healthcare & Wellness REIT — FY2026 Earnings Presentation on 6ix