Healthco Healthcare & Wellness Reit · ASX:HCW
Healthco Healthcare & Wellness Reit — H1 FY2023 Earnings Presentation
36 slides from Healthco Healthcare & Wellness Reit's earnings presentation, Feb 17, 2023
Slide 1: HealthCo REIT 1H FY23 Results Presentation
The George Private Hospital, Camden (NSW) HealthCo REIT 1H FY23 Results Presentation 17 February 2023
Slide 2: Acknowledgement of Country
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acknowledgement of Country HealthCo acknowledges the Traditional Custodians of country throughout Australia and celebrates their diverse culture and connections to land, sea and commu
Slide 3: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Presenters Agenda 1. Highlights Sam Morris 2. Portfolio overview Senior Portfolio Manager 3. Investments 4. Developments Christian Soberg Chief Financial Officer 5. Financial results
Slide 4: 1. Highlights and strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Eden Park Drive, Macquarie Park (NSW) 1. Highlights and strategy 1. Highlights.…. 3 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 5: 1H FY23 highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 1H FY23 highlights Period of significant investment, strong operational performance and the formation of strategic partnerships with leading health and life sciences tenants OPERATION
Slide 6: Embedded growth within HealthCo’s portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Embedded growth within HealthCo’s portfolio HealthCo is well progressed on unlocking the significant embedded NOI growth1 potential within its portfolio across leasing, contracted acq
Slide 7: 2. Portfolio overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Vitality Village Health Hub, Sunshine Coast (QLD) 2. Highlights 1. Portfolio overview and strategy 2. Portfolio overview….…. 6 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 8: Portfolio update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio update HealthCo has continued to grow its high quality and diversified healthcare portfolio Portfolio statistics1 Portfolio subsectors – income split and key tenants1,4,7 Ju
Slide 9: Key portfolio statistics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Key portfolio statistics Long term leases to high quality operators with contracted rental growth Rent composition1 Lease expiry profile1, 2 Contracted rental 11% 1 68% of portfolio e
Slide 10: Sustainability at HealthCo
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sustainability at HealthCo HealthCo is serving Australian communities by facilitating access to essential health and wellbeing services that deliver a positive social impact 2016 FY23
Slide 11: 3. Investments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Springfield Health Hub, Springfield (QLD) 3. Growth 1. Highlights and strategy 3. Investments….…. 10 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 12: Acquisitions and strategic partnerships
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisitions and strategic partnerships $177m of acquisitions within key healthcare and life sciences precincts Asset Description $m Comments Vitality Village Health Hub (QLD) $28.9m
Slide 13: Strategic partnership with Mater at Springfield Health Hub
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strategic partnership with Mater at Springfield Health Hub Mater’s anchor tenancy completes the successful redevelopment of Springfield Health Hub with occupancy increasing to 99% Str
Slide 14: Macquarie Park life sciences acquisition and strategic partnership
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Macquarie Park life sciences acquisition and strategic partnership HCW’s first life sciences acquisition of scale in a desirable & established innovation precinct in metropolitan Sydn
Slide 15: 4. Developments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital, Camden (NSW) 3. Growth 1. Highlights and strategy 4. Developments….…. 14 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 16: Developments overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Developments overview Continued progress unlocking the value accretive $500m+ development pipeline Planning Project Pre-commitments1 Completion Investment Target returns approval Curr
Slide 17: The George Private Hospital (Camden Stage 1)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital (Camden Stage 1) Completed on-time and on-budget with lease commencement in Jan-23 The George Private Hospital, Camden (NSW) Development case study key sta
Slide 18: The George Private Hospital (Camden Stage 1)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital (Camden Stage 1) HealthCo has successfully developed a new greenfield hospital in Australia’s fastest growing LGA Recovery area Operating theatre Outdoor r
Slide 19: Camden Precinct update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Camden Precinct update HealthCo is creating a $500m+ Health & Innovation Precinct in Camden to support the growing need for critical health infrastructure 781 bed private hospital The
Slide 20: Proxima
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Proxima Health hub in the Gold Coast Health and Knowledge precinct - construction and leasing activity expected to accelerate over coming months Proxima development update Gold Coast
Slide 21: 5. Financial results
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Aurrum Aged Care, Erina (NSW) 5. Financial performance 1. Highlights and strategy 5. Financial results….…. 20 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 22: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary 1H FY23 FFO of 3.1 cpu $m 1H FY22 1H FY23 FFO Income ▪ 1H FY23 FFO of 3.1 cpu which represents +9% growth vs Property income 10.8 18.4 Interest income - 0.1 1H FY22 o
Slide 23: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet NTA of $2.00 per unit in line with June 2022, with property valuations underpinned by income growth $m Jun-22 Dec-22 Cash and cash equivalents 2.7 4.3 NTA Trade and othe
Slide 24: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Well capitalised to pursue future growth opportunities $m Jun-22 Dec-22 Liquidity ▪ Strong liquidity position of $276m as at 31 December 2022 Senior secured facilit
Slide 25: 6. Guidance and outlook
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Morayfield Health Hub (QLD) 5. Outlook and strategy 1. Highlights 6. Guidance and outlook….…. 24 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 26: FY23 Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx FY23 Guidance HealthCo is pleased to upgrade FY23 FFO guidance by 4% to 7.1cpu and reaffirm DPU guidance of 7.5 cents 7.1 cents 7.5 cents FY23 FFO/unit FY23 DPU +15% growth on FY221 H
Slide 27: Key messages
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Key messages Attractive sector & portfolio fundamentals underpin compelling long-term growth opportunity COMPELLING SECURE INCOME VALUE ADD FUNDAMENTALS GROWTH DEVELOPMENT PIPELINE ▪
Slide 28: Supplementary information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Explorers Early Learning, Tarneit (VIC) Supplementary Appendix - Supplementary information information 1. Highlights and strategy ….…. 27 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE RE
Slide 29: Healthcare sector real estate opportunity
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Healthcare sector real estate opportunity Healthcare real estate provides attractive risk adjusted returns underpinned by attractive megatrends which support long-term demand for heal
Slide 30: Portfolio investment strategy and outlook
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio investment strategy and outlook Diversified healthcare investment strategy enables HCW to tailor its investment approach based on current market fundamentals and pricing dyn
Slide 31: Investments in Australia’s growth corridors
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Investments in Australia’s growth corridors A key part of HealthCo’s strategy is to pursue accretive acquisitions and developments in Australia’s leading metropolitan markets and grow
Slide 32: Camden catchment overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Camden catchment overview Fundamentals supported by structural megatrends and a pre-existing undersupply in healthcare infrastructure ✓ >700 private hospital bed deficit in the catchm
Slide 33: Rouse Hill
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Rouse Hill HealthCo’s existing Health Hub asset is located opposite the proposed Rouse Hill Public Hospital, with planning progressed for a future private hospital Rouse Hill Hospital
Slide 34: Portfolio summary metrics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio summary metrics Current total owned portfolio value of $779m WALE Asset State Classification Fair Value ($m) Cap Rate (%) Site Area (sqm) Occupancy5 (by income)4 Aged Care E
Slide 35: Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Contacts Investors and Analysts Media Andrew Dodds Christian Soberg John Frey HMC Capital HealthCo Chief Financial Officer Corporate communications Corporate Finance & IR Manager HMC
Slide 36: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 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
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