Vital Infrastructure Property Trust · TSX:VITL.UN
Vital Infrastructure Property Trust — Q4 2025 Earnings Presentation
24 slides from Vital Infrastructure Property Trust's earnings presentation, Mar 19, 2026
Slide 1: Q4 2025 Investor Presentation
Q4 2025 Investor Presentation March 19, 2026 TSX: VITL.UN Frankston Public Hospital, Australia
Slide 2: Presenters
Presenters Zach Vaughan Stephanie Karamarkovic CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER • +20 years of real estate investment and • 17 years of real estate finance and asset management experience accounting experience • Accomplished executive with strong • Responsible for accounting and finan
Slide 3: Tailwinds for Healthcare Infrastructure Investing
Tailwinds for Healthcare Infrastructure Investing Demographics – Aging Population Growing Healthcare Spending Movement to Outpatient Facilities Hospital Caxias, Brazil 3
Slide 4: Vital Owns and Manages Critical Healthcare Infrastructure Along a Patient's Journey
Vital Owns and Manages Critical Healthcare Infrastructure Along a Patient’s Healthcare Journey Where we focus HOME MEDICAL CLINIC / AMBULATORY IN - PATIENT SPECIALIZED OUTPATIENT DIAGNOSTIC SURGERY CENTRE HOSPITALS REHABILITATION FACILITY IMAGING CENTRE CENTRES HOME H O S P IC E S KILLED N U RS IN G
Slide 5: Demographics - Aging Population
Demographics - Aging Population In th e n e xt d e c a d e , Ca n a d ia n ’s a g e d 6 5 a n d a b o ve w ill a c c o u n t fo r ~ 1/4 o f th e p o p u la tio n ... a 2 8 % in c re a s e fro m to d a y +2M 24.0% 22.0% PEOPLE (6 5 +) 20.0% % o f Po p u la tio n (6 5 +) 18.0% 16.0% 14.0% 12.0% Source
Slide 6: Growing Healthcare Spending
Growing Healthcare Spending Sp e n d in g o n Ca n a d ia n He a lth c a re is e xp e c te d to g ro w a t ~ 5 % p a fo r th e n e xt 2 5 ye a rs A N N U A L P H Y S IC IA N H E A L T H C A R E S P E N D IN G V IS IT S & C O S T S – U S A ( 1) – C AN AD A(2 ) Age 2 Vis its / ye a r < 45 $ 5 ,10 0 /
Slide 7: Movement to Outpatient
Movement to Outpatient Pro c e d u re s in US Ou tp a tie n t Fa c ilitie s c o n tin u e to g ro w (1) 125 2,500 120 2,400 Technology Advances 2,300 115 In - p a tie n t a d m is s io n s 2,200 110 Ou tp a tie n t Vis its 2,100 105 2,000 Cost Efficiency 100 1,900 95 1,800 90 1,700 Better Patient Ou
Slide 8: Building Canada's Future Healthcare Infrastructure
Building Canada’s Future Healthcare Infrastructure Sig n ific a n t In ve s tm e n t in Mo d e rn He a lth c a re In fra s tru c tu re is Ne e d e d in Ca n a d a “Compared to inpatient settings, ambulatory centres can provide surgery times that are shorter, with faster recoveries, lower infection r
Slide 9: Development Opportunities
Development Opportunities Ad a p tive lo c a l m a rke t c o n d itio n s to p ro vid e s ig n ific a n t g ro w th o p p o rtu n itie s De s ig n a nd c ons truc tion of a p urp os e b uilt, four- s tore y m e d ic a l Vital Infrastructure Property Trust has outp a tie nt a nd a m b ula tory s ur
Slide 10: Healthcare Infrastructure
Healthcare Infrastructure We a re a g lo b a l o w n e r/o p e ra to r o f He a lth c a re In fra s tru c tu re 133 $5.6B 13.0M 96% 12.3 PROPERTIES GROSS ASSETS SQ.FT. OCCUPANCY WALE (YRS) 6 ~7,500 ~240 1,300+ BBB(low) COUNTRIES HOSPITAL BEDS OPERATING THEATRES TENANTS INVESTMENT GRADE CREDIT RATING
Slide 11: Portfolio Overview
Portfolio Overview NOI is s tro n g ly d ive rs ifie d b y re g io n s & a s s e t m ix 1 REGIONS ASSET MIX Other North 2% Ame ric a Brazil 36% 25% Inpatient Facilities 52% Europe Outpatient 22% Facilities 46% Australia 17% Ca xia s D’Or Hos pita l, Bra zil 1. Prop ortiona te NOI 11
Slide 12: Non-Discretionary Tenants
Non - Discretionary Tenants Re s ilie n t c a s h flo w s u n d e rp in n e d b y No n - Dis c re tio n a ry s p e n d in g Dis c re tio na ry Hospital / Surgery <5% Primary & General Care Specialty Care Diagnostics & Ancillary Services Wellness & Preventative Health 7% 3% Medical Research & Educati
Slide 13: Strong Cash Flow Durability
Strong Cash Flow Durability Vita l’s te n a n t re ve n u e s a re s u p p o rte d b y h ig h q u a lity & h ig h ly ra te d c re d it 4% >95% GOVERNMENT + PRIVATE INSURANCE 47% 49% <5% NON- CREDIT AA+ (Government & Self-Pay) A (Private Insurance) Non-Credit St. John of God Specialist Centre, Austra
Slide 14: Lease Maturity Profile
Lease Maturity Profile 1 100% 90% >64% 80% OF LEASES MATURE POST 2034 70% >64% % o f le a s e s e xp irin g 60% 50% <5% AVERAGE ANNUAL LEASE 40% EXPIRY OVER THE NEXT 8YRS 30% ~88% 20% 10% RENEWAL RATE ACHIEVED ON OVER 780K SQUARE FEET OF 0% EXPIRING LEASES IN FY 2025 2026 2027 2028 2029 2030 2031 20
Slide 15: REIT Universe – Listed REIT Sector
REIT Universe – Listed REIT Sector Th e Ca n a d ia n REIT u n ive rs e is d o m in a te d b y tra d itio n a l p ro p e rty s e c to rs , He a lth c a re / Se n io r Livin g m a ke u p < 14 % o f th e to ta l Offic e Storage 5% 2% Diversified ANNUAL 5% COMPANY TICKER SHARE PRICE ($ ) MARKET CAP DIS
Slide 16: Why Invest in Vital?
Why Invest in Vital? Op p o rtu n ity to Ac c e s s a n Es ta b lis h e d Glo b a l Po rtfo lio o f Critic a l He a lth c a re In fra s tru c tu re Unique Asset Base: Only Ca na d ia n REIT owning c ritic a l He a lthc a re Infra s truc ture Sector Fundamentals: De fe ns ive a nd re c e s s ion re s
Slide 17: 2025 Achievements
2025 Achievements Strengthened Portfolio through Improved Financial Flexibility Occupancy and Lease Renewals through Balance Sheet Optimization Increased s a me - p rop e rty NOI(1) b y 3.1% and secured 1.1 million sq. We re d u c e d le ve ra g e to the low - 50 % ra ng e , a c h ie ve d ft. in new
Slide 18: Appendix
QF VMITAL | cpcrcsr INFRASTRUCTURE | TRUST Appendix
Slide 19: 2025 Year In Review
2025 Year In Review Fin a n c ia l a n d Op e ra tin g Pe rfo rm a n c e O P E R A T IN G P R IO R IT IE S DECEMBER 31, DECEMBER 3 1, % CHANGE OUTCOME 2024 2025 SPNOI Gro w th (1) 4.0% 3.1% (0 .9 % ) 3 - 4 % a n n u a l g ro w th a c h ie ve d 3% - 4% ANNUAL SPNOI GROWTH Fu n d s Fro m Op e ra tio n
Slide 20: 2025 Year In Review – Balance Sheet KPIs
2025 Year In Review Ba la n c e Sh e e t KPI’s B ALAN C E S H E E T P R IO R IT IE S DECEMBER 31, DECEMBER 3 1, <50% 2024 2025 % CHANGE OUTCOME AUM ($M) 8,281.6 Su c c e s s fu l a s s e t d is p o s a l s tra te g y 5,630.5 (3 2 .0 % ) a n d b u s in e s s s im p lific a tio n DEBT TO GBV De b t ($
Slide 21: Board of Trustees / Management
Board of Trustees / Management Vita l' s s tro n g g o ve rn a n c e fra m e w o rk e n s u re s d ive rs ity is c o n s id e re d in d e te rm in in g o p tim a l b o a rd c o m p o s itio n . POSITION APPOINTED TO POSITION INDEPENDENCE Bo a rd o f Trus te e s Bobby Julien Cha ir 2025 Ind e p e nd
Slide 22: Summary
Summary Vita l In fra s tru c tu re Pro p e rty Tru s t Ticker VITL.UN Listed Exchange TSX Distribution Payable (C$) $0.03 / Monthly Unit Price (1) $5.34 Market Capitalization (C$) (1) $1.3 Billion Distribution Yield (1) 6. 7% 52 - Week Trading Range (1) $4.44 - $6.0 7 Volume Weighted Avg. Price (20
Slide 23: Non-IFRS Measures
Non - IFRS Measures As d e fin e d in th e Q4 2 0 2 5 MD&A 1. Ad jus te d EBITDA 8 . Inve s tme nt Pro p e rtie s o n a Pro p o rtio na te Ba s is 2 . AFFO 9 . Liq uid ity 3 . AFFO p e r Unit 10 . Ne t As s e t Va lue (“NAV”) 4 . AFFO Pa yo ut Ra tio 11. Ne t Op e ra ting Inc o me 5 . De b t to Ad j
Slide 24: Forward Looking Disclaimer
Forward Looking Disclaimer This presentation provides a summary description of Vital Infrastructure Property Trust developments and acquisitions on the terms proposed the valuations to be realized on (“Vital” or the “REIT”). This presentation should be read in conjunction with and is property sales
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