Qualitas Real Estate Income Fund Units · ASX:QRI
Qualitas Real Estate Income Fund Units — HY2020 Earnings Presentation
18 slides from Qualitas Real Estate Income Fund Units's earnings presentation, Feb 27, 2020
Slide 1: HY 2020 Results Presentation
Qualitas For personal use only Real Estate Income Fund (ASX:QRI) ARSN 627 917 971 HY 2020 Results Presentation ASX Release Issued by QRI Manager Pty Ltd on 27 February 2020 1
Slide 2: QRI - Executive Summary
QRI - Executive Summary For personal use only 1 Australian owned, on-ground real estate investment manager, local knowledge, proven experience – partnering with clients to develop long term relationships. 2 QRI provides exposure to the Australian property market in a liquid, regular income1 paying f
Slide 3: QRI Benefits
QRI Benefits For personal use only Experienced, local-based Manager of Australian commercial real estate (CRE) loans Regular and stable monthly cash distributions1 Capital preservation characteristics as all loans secured by real property mortgages Provides exposure to the property market without do
Slide 4: Manager market outlook & strategy
Manager market outlook & strategy Market Conditions & Outlook Manager Strategy For personal use only HY 2020 • The Australian CRE debt market exhibited sound fundamentals due to • Given the market conditions and outlook, the Manager’s strategy RBA rate cuts and improving sentiment. is to continue to
Slide 5: Half-year results highlights – December 2019
Half-year results highlights – 31 December 2019 For personal use only Net Profit Distributions Net Tangible Assets $9.9m 4.9932 $1.6009 HY 2020 cents per unit1 per unit 31 December 2019 Net Return % Invested Capital Net Tangible Assets 6.17% 91% $361m p.a. HY 2020 % Total Net Tangible Assets Total a
Slide 6: Half-year financials summary – December 2019
Half-year financials summary – 31 December 2019 For personal use only HY 2020 HY 20191 31 December 2019 30 June 2019 Trust Profit & Loss Trust Balance Sheet $000’s $000’s $000’s $000’s Total investment Cash and cash equivalents 4,325 3,152 12,915 727 income Total expenses 2,971 423 Other assets 2,64
Slide 7: Fund performance
Fund performance Investment 8% 100% ✓ Initial 6 month ramp up of deployment1 of IPO For personal use only capital and returns. Annualised Return % performance 75% % Deployment 6% ✓ Trust returns and distributions have increased 50% in-line with deployment of capital. 4% ✓ During HY 2020 period, achi
Slide 8: Key Fund Details
Key Fund Details QUALITAS REAL ESTATE INCOME FUND For personal use only The Manager seeks to invest the Trust’s capital in a portfolio of investments that provide Unitholders Investment Strategy with exposure to predominantly Australian secured real estate loans. Manager QRI Manager Pty Ltd Responsi
Slide 9: Portfolio Composition as of December 2019
Portfolio Composition as of 31 December 20191 Loan Type For personal use only Predominantly invested in senior loans Underweight to mezzanine loans 9% 7% (Target 20%-35% of Trust capital) 3% AFWT notes, 8% Mezzanine 4% 21% Senior 88% Loan portfolio metrics 38% 100% located in Australia, mainly NSW a
Slide 10: Recent Investments
Recent Investments Loans within the Trust Portfolio1: For personal use only Arch Finance Warehouse Trust note program Neutral Bay, NSW Beecroft, NSW Merrylands, NSW Moonee Ponds, VIC Senior Construction Senior Investment Senior Land Senior Investment Exposure to portfolio of ~200 senior first mortga
Slide 11: Market Opportunity
Market Opportunity AUSTRALIAN COMMERCIAL REAL ESTATE (CRE) DEBT MARKET1 For personal use only Market Growth CRE debt market grows year on year, +3.4% p.a. to Sep-19 Senior loans represent deepest pool of opportunities Senior Banks loans Bank Withdrawal Increased regulation (APRA, Basel III), rigid l
Slide 12: Commercial Real Estate Capital Structure
Commercial Real Estate Capital Structure For personal use only Where does CRE debt rank in the security and repayment waterfall? Lowest QRI • First ranking security over property Senior debt 1st • Repaid first from asset sale proceeds Risk / Return scale QRI • Second ranking security over property 2
Slide 13: About Qualitas
For personal use only About Qualitas 13
Slide 14: Qualitas Group
Qualitas Group For personal use only Historical Track Record Since Inception1 VALUE PROPOSITION Gross Asset Value of Investments: Specialised in property investing across the entire capital structure, A$ 12.3 billion2 both debt and equity Offers investors access to real estate debt and equity invest
Slide 15: Management Team
Management Team For personal use only Andrew Schwartz Mark Fischer Tim Johansen Gerd Mayer Kathleen Yeung Philip Dowman Group Managing Director Global Head of Global Head of Chief Risk Officer Global Head of Strategy Chief Financial Officer & Co-Founder Real Estate Capital 32 years experience 16 yea
Slide 16: Investment Process
Investment Process Qualitas applies a bank-like, repeatable investment process to source, filter and select suitable loan For personal use only opportunities on behalf of our investors, and to ensure active asset management is undertaken throughout the life of each loan. Loan investment life cycle F
Slide 17: Stakeholder engagement and communication
Stakeholder engagement and communication For personal use only Shareholder Engagement Regular unitholder Investor presentations Website Media emails Monthly, semi and Industry Monthly NAV Independent Research annual financial results Conferences Research Coverage ASX Release | 27 February 2020 17
Slide 18: Important Information
Important Information This document has been prepared by QRI Manager Pty Ltd ACN 625 857 070 (Manager), the This document includes “forward looking statements”. Such forward- looking investment manager of the Trust. The Trust Company (RE Services) Limited ABN 45 003 278 statements are not guarantees
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