Hmc Capital Limited · ASX:HMC
Hmc Capital — 2025 Macquarie Australia Conference
31 slides from Hmc Capital's conference presentation, May 6, 2025
Slide 1: Macquarie Conference Presentation (ASX Release)
ASX RELEASE 6 May 2025 MACQUARIE CONFERENCE PRESENTATION HMC Capital (ASX: HMC) provides the attached presentation which will be delivered to the 2025 Macquarie Australia Conference today. This announcement is authorised for release by the Board. For further information, please contact: INVESTORS An
Slide 2: Macquarie Conference Presentation
Macquarie Conference Presentation 6 May 2025 1 HMC Capital | Macquarie Conference
Slide 3: Acknowledgement of Country
Acknowledgement of Country HMC Capital 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 Str
Slide 4: Overview
HM Copia! Overview
Slide 5: HMC Capital Today
HMC Capital Today HMC continues to reinvest earnings into high growth verticals $50bn AUM target Strong balance Growing recurring Why we remain so remains on track sheet & sufficient earnings base confident investment capacity – Ambition to grow AUM to – HMC’s strong balance – Underpinned by funds R
Slide 6: HMC Capital's Track Record
HMC Capital’s Track Record High ROE and scalable business model underpinned by market leading deal-making capability Pre-tax EPS track record (cents) HMC Point of Difference? Our transition to a high ROE alternative Ability to execute large, asset manager has driven complex transactions significant
Slide 7: HMC Capital's Pathway to $50bn+ of AUM
HMC Capital’s Pathway to $50bn+ of AUM FUM TODAY1 MEDIUM-TERM ▪ 3 new unlisted daily needs retail funds expected to drive AUM 1 Real Estate $10bn growth as the next interest rate easing cycle gets underway ~$20bn+ ▪ Evolution of listed vs. unlisted capital mix key to growth ▪ Currently fund raising
Slide 8: HMC Capital's Pathway to $50bn+ of AUM
HMC Capital’s Pathway to $50bn+ of AUM Importantly, HMC does not need to raise additional equity to reach $50bn of AUM HMC YEARS IN HMC CAPITAL INVESTMENT PLATFORM RECYCLED ▪ AUM mix over the medium-term to be focused on institutional investors 1 Real Estate $0.65bn 5 ✓ ▪ HUG & HARP Funds closed in
Slide 9: Divisional Update
HM Copia! Divisional Update
Slide 10: Digital Infrastructure
Digital Infrastructure DigiCo has 3 key near term share price catalysts Platform Highlights Trading Update & Outlook – 3 key share price catalysts Assets Under Management1 Australian co- – SYD1/iseek integration to form national co-location platform and unlock synergies $5bn ✓ location platform inte
Slide 11: SYD1 Densification and Optimisation project
SYD1 Densification and Optimisation project Transformational upgrade with minimal disruption Project overview ▪ Planned Densification and Optimisation Project (D&O) provides a significant expansion opportunity for SYD1 ▪ Expected to deliver an additional 62 MW of IT power, increasing capacity to 88
Slide 12: Digital Infrastructure
Digital Infrastructure Global hyperscaler digital infrastructure requirements continue to grow Microsoft 3Q25 – “We continue to expand our data center capacity. This quarter alone, we opened DCs in 10 countries across four continents” – “And in our AI services, while we continue to bring data center
Slide 13: Digital Infrastructure – Capital Partnering Strategy
Digital Infrastructure – Capital Partnering Strategy Opportunity to accelerate growth across the DigiCo platform through the introduction of capital partners Target levered 12 – 15% 8 – 12% 15 – 30%+ project IRR DigiCo ownership 50 – 75% 50 – 75% ~50% Australian Colocation Assets US Operating Assets
Slide 14: Energy Transition
Energy Transition High-quality operating portfolio and growth pipeline positioned to capitalise on market volatility Platform Highlights Trading Update & Outlook Assets Under Management1 – Good progress on pre-completion transition planning for Neoen Victorian Portfolio, ensuring Seed Asset smooth t
Slide 15: Energy Transition
Energy Transition Energy market volatility is persistent and increasing, creating energy arbitrage opportunity for the right assets National Electricity Market avg. intra-day 2H price spreads (2021-24, $/MWh)1 ▪ Volatility has increased significantly in recent years allowing owners of flexible asset
Slide 16: Private Equity
Private Equity HMCCP Fund I has demonstrated our ability to deliver outsized and uncorrelated returns Platform Highlights Trading Update & Outlook Assets Under Management1 Performance track – ~29% annualised return, net of fees2, since inception representing ~19%p.a. outperformance $0.6bn ✓ record v
Slide 17: HMCCP Fund II to be launched July 2025
HMCCP Fund II to be launched 1 July 2025 Subject to Fund I unitholder approval in May, HMCCP Fund II investment strategy has been refined to expand the opportunity set & play to our unique capability Investment ▪ Flexible mandate, investing in our best ideas and highest conviction opportunities acro
Slide 18: Private Credit
Private Credit Leading domestic private credit investment manager with broad capability and institutional scale Platform Highlights Trading Update & Outlook Assets Under Management1 HMC plans to be a – HMC is focused on making Payton’s pooled funds a market leader in the key topics on market leader
Slide 19: Private Credit
Private Credit HMC will increase private credit transparency and reporting standards for its’ pooled funds performance HMC’s approach to provisioning PAYTON POOLED FUNDS TARGETS Business model set up for managing ~10% of clients/projects in defensive asset Clients / projects under Asset management a
Slide 20: Private Credit
Private Credit Current AUM exposure ▪ 80% of the book is in Payton's Investment exposure Security type Geographic exposure core middle market residential development finance strategy. Remainder of the book is in 1% low complexity industrial / 8% 7% 1% 3% 21% warehouse assets 23% 32% 49% 49% ▪ Only o
Slide 21: Private Credit
Private Credit Looking forward, institutional quality risk governance – 3 Lines of Defence (3LoD) Model The 3LoD model is a banking industry risk management framework Property Risk Group LINE 2 Borrower Services Team ▪ Dedicated property risk Investment Committee LINE 1 assessment team providing LIN
Slide 22: Real Estate
Real Estate Scalable platform with proven capability to value-add in sectors with attractive long-term fundamentals Platform Highlights Trading Update & Outlook Assets Under Management1 – HDN remains on track for its FY25 FFO guidance with leasing spreads, occupancy, cash collections and development
Slide 23: Real Estate – Healthscope Update
Real Estate – Healthscope Update Platform Highlights Trading Update & Outlook Assets Under Management1 – Healthscope have part paid rent over March and April 2025. HCW and UHF have termination $10bn and cross default rights in the event of any continued and persisting breaches of the lease by the te
Slide 24: Trading Update
HM Copia! Trading Update
Slide 25: Trading Update
Trading Update HMC is well placed to maintain a strong operating EPS growth trajectory supported by scalable growth platforms and significant investment capacity FY25 Trading Update Pre-tax Operating EPS Track Record (cents) ▪ Based on HMC year-to-date performance, annualised FY25 Operating EPS (pre
Slide 26: Additional Information
HM Copia! Additional Information
Slide 27: Further Information
Further Information Investors and Analysts Media Andrew Dodds John Frey HMC Capital Corporate communications Corporate Finance and HMC Capital Investor Relations Manager +61 423 810 851 +61 411 361 361 andrew.dodds@hmccapital.com.au john@brightoncomms.com.au Authorised for release by the Board of HM
Slide 28: Disclaimer
Disclaimer This presentation (Presentation) is dated 6 May 2025 and has been prepared by HMC Capital Limited ACN 138 990 593 (HMC) and, to the extent this Presentation relates to HMC Capital Partners Fund 1, that information is provided by HMC Capital Limited as a corporate authorised representative
Slide 29: Disclaimer
Disclaimer Investment risk An investment in HMC shares is subject to known and unknown risks, some of which are beyond the control of HMC and its directors. HMC does not guarantee any particular rate of return or the performance of HMC nor does it guarantee any particular tax treatment. Financial in
Slide 30: Disclaimer
Disclaimer Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and a
Slide 31: HM Copia!
HM Copia!