Qualitas Limited · ASX:QAL
Qualitas — 2024 Macquarie Australia Conference
13 slides from Qualitas's conference presentation, May 7, 2024
Slide 1: 2024 Macquarie Conference Presentation (ASX Announcement)
ASX Announcement Qualitas Limited (ASX: QAL) 7 May 2024 2024 Macquarie Conference Presentation Qualitas Limited (ASX: QAL) (Qualitas or Company) provides the attached copy of Qualitas’ 2024 Macquarie Conference presentation being given today. Authorised for release by the Group Managing Director. Fo
Slide 2: About Qualitas
About Qualitas Qualitas Limited ACN 655 057 588 (Qualitas) is an ASX-listed Australian alternative real estate investment manager with approximately A$8.1 billion1 of committed funds under management. Qualitas matches global capital with access to attractive risk adjusted investments in real estate
Slide 3: Macquarie Australia Conference, 7 May 2024
For personal use only Macquarie Qualitas Australia (ASX:QAL) Conference 7 May 2024
Slide 4: 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? For personal use only • Founder-led with 15+ year track record of performance DIFFERENTIATORS QUALITAS OVERVIEW through market cycles FUM1 • Funds management earnings stabil
Slide 5: Significant organic growth in core funds management business since IPO
Significant organic growth in core funds management business since IPO with long runway ahead For personal use only 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.
Slide 6: 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 For personal use only Total deployment value linked to population growth, construction cost and DEPLOYMENT UPDATE1 demand for apartments – elevated construction costs and increasing demand for apartment
Slide 7: Widening gap for capital in today's residential development market
Widening gap for capital in today’s residential development market – ripe with opportunities For personal use only 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 Qu
Slide 8: 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 For personal use only 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 pi
Slide 9: 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 For personal use only • 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 oppor
Slide 10: No change to outlook and guidance
No change to outlook and guidance For personal use only 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 guidanc
Slide 11: Key takeaways
Key takeaways For personal use only 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 d
Slide 12: Thank you
For personal use only 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 qualit
Slide 13: 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