Homeco Daily Needs Reit · ASX:HDN
Homeco Daily Needs Reit — FY2021 Earnings Presentation
31 slides from Homeco Daily Needs Reit's earnings presentation, Aug 19, 2021
Slide 1: HomeCo Daily Needs REIT - FY21 Financial Results Presentation (ASX release)
Managed by HMC Funds Management Limited (ACN 105 078 635; AFSL 237257) as responsible entity of the HomeCo Daily Needs REIT (ARSN 645 086 620) ASX RELEASE 19 August 2021 HOMECO DAILY NEEDS REIT - FY21 FINANCIAL RESULTS PRESENTATION HomeCo Daily Needs REIT (ASX: HDN) provides the attached FY21 Financ
Slide 2: FY21 Financial Results Presentation
Daily Needs FY21 Financial Results presentation REIT FY21 Financial Results Presentation 18 19 August 2021 August 2021
Slide 3: Acknowledgement of Country
Acknowledgement of Country HomeCo Daily Needs REIT acknowledges the Traditional Custodians of country throughout Australia and celebrates their diverse culture and their connections to land, sea and community. We pay our respect to their Elders past, present and emerging and extend that respect to a
Slide 4: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Daily Needs REIT Agenda 1. Highlights and Strategy 2. Portfolio Update 3. Financial Performance 4. Outlook and Guidance 5. Supplementary Information Paul Doherty Sid Sharma Will McMic
Slide 5: FY21 Highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx FY21 Highlights Significant progress made since IPO in November 2020 Daily Needs REIT ASSET FINANCIAL INVESTMENT MANAGEMENT 14% 99% +82% EARNINGS BEAT CASH COLLECTION GROWTH IN PORTFO
Slide 6: Model Portfolio strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Model Portfolio strategy Portfolio construction designed to provide resilient, sustainable and growing total returns Daily Needs REIT Growing Markets Resilient Sub-Sectors Quality Ten
Slide 7: Portfolio Update
HomeCo Gregory Hills (NSW) HomeCo Town Centre Victoria Point (QLD) Portfolio Update Daily Needs REIT
Slide 8: Portfolio highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio highlights Resilient growing income streams notwithstanding uncertain macro backdrop Daily Needs REIT Trading occupancy Cash rent collection since IPO Occupancy 99.3% 97.8%
Slide 9: Portfolio statistics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio statistics Highly complementary acquisitions further enhance portfolio Daily Needs REIT 1H FY21 FY21 FY21 Portfolio statistics (31-Dec-20)1 (30-Jun-21)2 (Pro forma)2,3 Numbe
Slide 10: Brownfield current developments update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Brownfield current developments update Accretive developments on-track to deliver >10% ROIC1 Daily Needs REIT Planning Leasing Brownfield development projects Construction Target open
Slide 11: Brownfield current developments update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Brownfield current developments update Works commenced Daily Needs REIT HomeCo Gregory Hills (NSW) Gregory(NSW) HomeCo Penrith Hills (NSW) HomeCo Braybrook (VIC) 9
Slide 12: Future brownfield development pipeline
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Future brownfield development pipeline ~$100m of future brownfield developments identified and in planning Daily Needs REIT 7 ~$100m ~20,000m2 8.0%+ Opportunities identified Future pi
Slide 13: Acquisition track record
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisition track record Strategic acquisitions value add leasing and development upside potential Daily Needs REIT 1H21 (2 months) 2H21 (6 months)1 Marsden (QLD) Seven Hills Bunnings
Slide 14: Strong valuation support underpins future NTA growth
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strong valuation support underpins future NTA growth Expected to release further balance sheet capacity for growth Daily Needs REIT Attractive Valuation uplift = Income Cap rate portf
Slide 15: HDN owns a strategic network of last mile infrastructure
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HDN owns a strategic network of last mile infrastructure Fulfilment hubs providing integration of customer experience across all channels Daily Needs REIT HDN is positioned to benefit
Slide 16: The secular shift to omni-channel is a megatrend
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The secular shift to omni-channel is a megatrend Retailers are leveraging their existing store networks for both in-store and on-line fulfilment Daily Needs REIT Online grocery penetr
Slide 17: HDN management team
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HDN management team High quality dedicated management team with proven track record of value-add Daily Needs REIT Funds Management & Asset Management Development Leasing Finance Sid S
Slide 18: Financial Performance
Click to edit Master title style HomeCo Prestons HomeCo Gregory Hills (NSW)(NSW) Financial Performance Daily Needs REIT
Slide 19: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary FY21 FFO per unit has exceeded PDS forecast Daily Needs REIT FY21 FY21 $m PDS budget Actual FY21 FFO is $2.6m (+13.8%) ahead of the PDS forecast or 0.2 Property NOI
Slide 20: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet 30 June 2021 pro-forma NTA of $1.35 per unit (versus $1.33 PDS) Daily Needs REIT PDS 30 Jun 21 Adjust. 1 30 Jun 21 $m (Nov 20) PF Key movement since the Nov-20 PDS bal
Slide 21: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Strong liquidity position of $253 million Daily Needs REIT $m Dec-20 Jun-21 Jun-21 Actual Actual Pro-forma1 HDN completed an upsize and extension of its existing
Slide 22: Outlook and Guidance
Bunnings Seven Hills (NSW) Outlook and Guidance Daily Needs REIT
Slide 23: Outlook and Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Outlook and Guidance Reaffirming FY22 FFO guidance of 8.3 cpu Daily Needs REIT 8.3 cents 8.0 cents ~5% FY22 FFO/UNIT FY22 DPU FY22 LFL NOI growth Guidance reaffirmed FY22 guidance a
Slide 24: Supplementary Information
HomeCo Keysborough (VIC) Supplementary Information Daily Needs REIT
Slide 25: Building on HDN's strong FFO growth trajectory since IPO
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Building on HDN’s strong FFO growth trajectory since IPO HMC has demonstrated strong alignment with HDN and is committed to HDN’s strategy to Daily Needs REIT deliver stable and growi
Slide 26: High quality and diversified tenant mix
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx High quality and diversified tenant mix Defensive tenant mix with top 15 tenants representing ~52% of gross rental income Daily Needs REIT Tenant mix (by income)1 – Dec-20 vs Current
Slide 27: Geographically diverse and strategically located portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Geographically diverse and strategically located portfolio 88% weighted to metropolitan growth corridors1 Daily Needs REIT Brisbane / Gold Coast Perth Butler Joondalup Ellenbrook CBD
Slide 28: Portfolio summary metrics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio summary metrics Daily Needs REIT Site Coverage Occupancy WALE Property State Classification GLA (sqm) Site area (sqm) Fair Value ($m) Cap rate (%) (%)1 (by area)2 (by income
Slide 29: Additional financial information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Additional financial information Daily Needs REIT Statutory profit to FFO reconciliation Statutory profit to operating cash flow reconciliation $m FY21 FY21 $m FY21 PDS budget Actual
Slide 30: Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Contacts Daily Needs REIT Investors and analysts Media Misha Mohl Will McMicking John Frey Head of Strategy & Investor Relations Group Chief Financial Officer Corporate communications
Slide 31: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Disclaimer Daily Needs REIT This presentation (Presentation) has been prepared by HMC Funds Management Limited (ACN 106 078 635, AFSL 237 257) (Responsible Entity) as responsible enti
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