Qualitas Limited · ASX:QAL
Qualitas — Macquarie Australia Conference 2024
11 slides from Qualitas's conference presentation, May 7, 2024
Slide 1: Macquarie Qualitas Australia (ASX:QAL) Conference
Macquarie Qualitas Australia (ASX:QAL) Conference 7 May 2024
Slide 2: High growth investment opportunity investing in multi-trillion dollar asset classes
High growth investment opportunity investing in multi-trillion dollar asset classes WHY QUALITAS AS AN INVESTMENT OPPORTUNITY? • Founder-led with 15+ year track record of performance DIFFERENTIATORS QUALITAS OVERVIEW through market cycles FUM1 • Funds management earnings stability underpinned by $8.
Slide 3: Significant organic growth in core funds management business since IPO
Significant organic growth in core funds management business since IPO with long runway ahead ATTRACTING DEEP POOLS OF NEW CAPITAL WITH EXISTING STRONG GROWTH IN QUALITY RECURRING EARNINGS1 INVESTORS RECOMMIT AT INCREASING SIZE $8.1bn 8% 94% 10% $35.6m 95% $9.7m $4.2bn 14% $18.3m 20% 82% $1.2m $25.9
Slide 4: Deployment pipeline linked to the rise of private credit, population growth and construction cost
Deployment pipeline linked to the rise of private credit, population growth and construction cost Total deployment value linked to population growth, construction cost and DEPLOYMENT UPDATE1 demand for apartments – elevated construction costs and increasing demand for apartments translates to increa
Slide 5: Widening gap for capital in today's residential development market
Widening gap for capital in today’s residential development market – ripe with opportunities INVEST WHERE THE MOST ATTRACTIVE OPPORTUNITIES ARE FY17 – FY23 CAGR 4,500 Qualitas’ private credit deployment in the 120,000 55% vs. 6% residential sector increased by 117% 82% 4,000 Qualitas private Authori
Slide 6: Our private credit strategy is at the forefront of decade-long residential thematic
Our private credit strategy is at the forefront of decade-long residential thematic QUALITAS IS ONE OF FEW ALTERNATIVE FINANCIERS WITH LARGE-SCALE CAPITAL NEEDED TO FINANCE HIGH-DENSITY HOUSING $42bn - $51bn 300k 79k Construction financing needed for known FY26 and FY27 221k pipeline and residual st
Slide 7: Pathway to reach $18bn organically with near term focus on people and systems
Pathway to reach $18bn2 organically with near term focus on people and systems • Attracting one to two new strategic capital partnerships each year to reach $18bn Potential for bolt-on NEAR TERM • $105m of balance sheet capital committed and drawn as at December 2023 with opportunities but STRATEGIC
Slide 8: No change to outlook and guidance
No change to outlook and guidance FY24 OUTLOOK FY24 GUIDANCE • Interim dividend of 2.25cps declared. Estimated range $37m – $41m • FY24 dividend per share in line with target dividend payout ratio of between 50% to 95% of operating earnings. NPBT1 Outlook statements and guidance have been made based
Slide 9: Key takeaways
Key takeaways Private credit focused fund • Founder-led with 15+ year track record and earnings stability underpinned by 1 manager on path to achieve long duration capital with limited redemption risk significant scale Macro and thematic driven • Deployment pipeline backed by decade-long megatrends
Slide 10: Thank you
Thank you MELBOURNE OFFICE SYDNEY OFFICE BRISBANE OFFICE Level 38, 120 Collins Street, Level 5, 1 Bligh Street, Level 14, 167 Eagle Street, Melbourne VIC 3000 Sydney NSW 2000 Brisbane QLD 4000 QAL INVESTOR ENQUIRES P: +61 3 9612 3939 E: investor.relations@qualitas.com.au qualitas.com.au
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by and its sole responsibility of Qualitas Limited (ACN 655 057 588). To the maximum extent permitted by law, the information contained in this presentation is given without any liability whatsoever to Qualitas Limited, any of its related entities, or Q