Hmc Capital Limited · ASX:HMC
Hmc Capital — Macquarie Conference 2026
20 slides from Hmc Capital's conference presentation, May 6, 2026
Slide 1: Macquarie Conference Presentation Business Update
Macquarie Conference Presentation Business Update 6th May 2026
Slide 2: 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 3: Strategy Overview
Strategy Overview 3 HMC Capital | Macquarie Conference
Slide 4: High Conviction Investor
High Conviction Investor We invest in assets underpinned by favourable structural megatrends which are shaping the global economy Demographics Decarbonisation Digitalisation Deglobalisation Demographic shifts are defined by aging The global shift to an electrified energy system Digitalisation is res
Slide 5: Simplifying to Scale and Strengthen
Simplifying to Scale and Strengthen Increased focus on scalable, high ROE platforms generating sustainable and recurring earnings SIMPLIFY & FOCUS 1 – Focusing on higher growth Australian data centre platform via capital recycling & scale back of US operations including StratCap – HMCCP to return ca
Slide 6: Refining Our Group Strategy
Refining Our Group Strategy Focusing on core strengths to execute a more resilient and sustainable growth strategy PURPOSE To create value in quality overlooked or underutilised real assets and “Why” construct high performing portfolios in sectors underpinned by long-term megatrends HMC Capital is a
Slide 7: Executing Key Priorities
Executing Key Priorities Enhanced focus on scalable platforms and recurring funds management income SIMPLIFY SCALE & STRENGTHEN Simplification & Scale Efficiencies − Recycle capital out of DGT’s US portfolio and − Strong balance sheet ~$0.9bn1 of liquidity to exploring capital management initiatives
Slide 8: Earnings Framework
Earnings Framework High ROE business supported by scalable funds management platform and strategic principal investments Funds Management + Investments = Value Creation Management Performance Transaction Co-investments Principal Investments Scalable platform with operating leverage Fees Fees Fees (D
Slide 9: Scaling High ROE Platforms
Scaling High ROE Platforms HMC is currently progressing $4bn+ of capital light growth opportunities across the group REAL ESTATE DIGITAL INFRASTRUCTURE PRIVATE CREDIT ENERGY TRANSITION ESTABLISHED 2017 2024 2024 2024 ASSETS UNDER MANAGEMENT1 $10.2bn $5.3bn $2.2bn $1.3bn ACTIVE ▪ HARP: $600m additio
Slide 10: Digital Infrastructure
Digital Infrastructure Executing capital management initiatives to improve securityholder returns and close the discount to NAV SYD1 On 6 May DGT (ASX: DGT) announced a major capital management update to support its long-term growth strategy and enhance securityholder returns: ✓ Sale of Chicago (CHI
Slide 11: Private Credit
Private Credit Over $1bn incremental AUM from institutional mandates in advanced stages of documentation HMC Private Credit Platform AUM ($bn) Over $1bn of incremental AUM1 from multiple institutional investors in advanced documentation, focused on CRE private credit opportunities in Australia >3bn
Slide 12: Private Equity
Private Equity HMCCP to return capital to external investors with HMC retaining core listed stakes on balance sheet TRACK RECORD OF UNLOCKING VALUE RETURN OF CAPITAL TO UNITHOLDERS GOING FORWARD ▪ HMCCP has demonstrated that the ▪ Trustees of HMCCP have concluded that, ▪ HMC retains its pro-rata sta
Slide 13: FY26 Guidance & Growth Outlook
FY26 Guidance & Growth Outlook 13 HMC Capital | Macquarie Conference
Slide 14: FY26 Guidance Reaffirmed
FY26 Guidance Reaffirmed HMC fund management earnings maintaining growth trajectory and tracking to guidance ▪ Funds management EBITDA of $85m ▪ Co-investment distributions of $32m FY26 pre-tax operating EPS − Distributions of $32m from HDN & DGT (HCW not currently paying distributions) target reaff
Slide 15: FY26 Guidance and Growth Outlook
FY26 Guidance and Growth Outlook On-track to deliver >40cps1,5 of Operating EPS and materially grow underlying EPS (excl. FV gains) in FY27+ FY26 Operating EPS (pre-tax) Cents per share 45.0 FY27+ 40c+ >40c Recurring growth drivers 40.0 35.0 30.0 ~27c 25.0 Includes ~$15m of Earnings from 20.0 DGT ca
Slide 16: Well Positioned for the Next Phase of Growth
Well Positioned for the Next Phase of Growth Simplified model with increased focus on high ROE platforms generating recurring funds management cash flows SIMPLIFY & FOCUS Focusing on scalable, real asset-backed verticals with recurring earnings STRENGTHEN & SCALE HIGH ROE PLATFORMS Real Estate | Dig
Slide 17: Further Information
Further Information Investors and Analysts Media Renee Jacob HMC Capital Alan Jury Jim Kelly Head of Investor Relations Corporate Communications Corporate Communications +61 407 328 092 +61 418 833 149 +61 412 549 083 renee.jacob@hmccapital.com.au alan.jury@sodali.com jim.kelly@sodali.com Authorised
Slide 18: Glossary
Glossary Term Meaning Term Meaning BESS / NEM / Battery Energy Storage Systems / National Electricity Market / Final LML Last Mile Logistics fund. FID Investment Decision. CHI1 DGT Chicago data centre asset SMA Separately Managed Account. CRE Commercial Real Estate. SYD1 DGT Sydney 1 data centre. DG
Slide 19: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by HMC Capital Limited (ACN 138 990 593) (“HMC Capital”) Summary information This Presentation contains summary information about the current activities of HMC Capital and its subsidiaries as at the date of this Presentation. The informat
Slide 20: HMC Capital | Macquarie Conference
20 HMC Capital | Macquarie Conference