Vital Healthcare Property Trust · NZX:VHP
Vital Healthcare Property Trust — Shareholder Meeting (November 2025)
27 slides from Vital Healthcare Property Trust's shareholder meeting presentation, Nov 6, 2025
Slide 1: Annual Meeting
Annual Meeting 6 NOVEMBER 2025 Endoscopy Auckland, Auckland
Slide 2: Questions
Questions U N I T H O L D E R & P R OX Y H O L D E R Q & A PA R T I C I PAT I O N WRIT TEN QUESTIONS Questions may be submitted ahead of the meeting. If you have a question to submit during the live meeting, please select the Q&A tab on the right half of your screen at anytime. Type your question in
Slide 3: Voting
Voting Once the voting has been opened, the resolutions and voting options will allow voting. To vote, simply click on the Vote tab, select your voting direction from the options shown on the screen. You can vote for all resolutions at once or by each resolution. Your vote has been cast when the tic
Slide 4: Meeting agenda
Meeting agenda ▸ Introduction to the Meeting from the Independent Presented by: Chair of the Manager Graham Stuart ▸ Address by the Independent Chair of the Manager Independent Chair ▸ Address by the Fund Manager ▸ Adoption of Annual Financial Statements Chris Adams Fund Manager ▸ Questions ▸ Re-ele
Slide 5: Board of the Manager
Board of the Manager V I TA L’ S M A N A G E R H AS A N I N D E P E N D E N T C H A I R A N D A M A J O R I T Y OF I N D E P E N D E N T D I R E C TO R S Ormiston Hospital Stage 1 Expansion, Auckland Graham Stuart Mike Brady1 Angela Bull Dr. Michael Stanford Zachary Vaughan1 — — — — — Independent Ch
Slide 6: In Attendance
In Attendance IN PERSON OR VIRTUALLY MANAGEMENT TEAM SUPERVISOR, AUDIT AND LEGAL Paul Cassidy Chris Adams Trustees Executors Limited (Vital's Supervisor) Fund Manager Raveen Kaur Vanessa Flax Trustees Executors Limited (Vital's Supervisor) Vice President, Regional General Counsel and Company Secreta
Slide 7: Address by the Independent Chair of the Manager
Address by the Independent Chair of the Manager Graham Stuart Independent Chair
Slide 8: Address by the Independent Chair of the Manager
Address by the Independent Chair of the Manager ▸ Fund Performance and Market Context ▸ Strategy and Board Decisions ▸ Capital Management and Development ▸ Long-Term Strategy and Sustainability ▸ Board and Management Changes ▸ Sector Outlook Epworth Eastern, Box Hill VITA L HEA LTHC A R E PR OPER TY
Slide 9: Overview of Vital as at September 2025
Overview of Vital as at 30 September 2025 V I TA L I S T H E O N LY S P E C I A L I ST H E A LT H CA R E L A N D LO R D L I ST E D O N T H E N Z X Vital Healthcare Property Trust (Vital) is: ~$3.3bn 332 properties (AUS & NZ) ▸ Fourth largest NZX listed property group; ▸ Externally managed by a subsi
Slide 10: Governance Highlights
Governance Highlights B E ST P R A C T I C E CO R P O R AT E G OV E R N A N C E ▸ 2025 Annual Report includes voluntary disclosure ▸ Updated Modern Slavery Statement lodged in ▸ Extensive programme of investor roadshows, against NZX Corporate Governance Code – all Australia and review and updating o
Slide 11: Comparative Return
Comparative Return V I TA L M A I N TA I N S LO N G - T E R M O U T P E R F O R M A N C E VS B E N C H M A R K O N A TO TA L R E T U R N 1 B AS I S SINCE TOTAL RETURN TO 30 SEPTEMBER 2025 1YR 5YR 10YR INCEPTION 2 ▸ Vital has delivered above VHP 25.8% -1.7% 6.9% 10.1% benchmark returns over the short
Slide 12: Key events over FY25 – Q1 FY26 to date
Key events over FY25 – Q1 FY26 to date Q1 2025 ▸ Grace Hospital Oropi Day Unit (Stage 4 of 5) reached practical completion ▸ Vital marked 25 years of being listed on the NZX ▸ A$16.0m Maitland Private Hospital expansion reached practical completion Grace Hospital including Oropi Day Unit, Tauranga Q
Slide 13: Key events over FY25 - Q1 FY26 to date (continued)
Key events over FY25 - Q1 FY26 to date (continued) Q3 2025 Q1 2026 to date ▸ Health Minister Simeon Brown officially opened Boulcott Hospital expansion and practical ▸ GenesisCare Integrated Cancer and Health Centre completion achieved awarded 6 Star Green Star Design & As Built v1.3 certified ratin
Slide 14: Address by the Fund Manager
Address by the Fund Manager Chris Adams Fund Manager
Slide 15: Q1 Portfolio Highlights
Q1 Portfolio Highlights CIVIC, HEALTH AND ARTS PROPERTY AWARD V I TA L H AS A H I G H - Q U A L I T Y, H I G H A C U I T Y P O R T F O L I O W H I C H I S B E I N G ORMISTON HOSPITAL - STAGE 1 EXPANSION E N H A N C E D B Y N O N - CO R E ASS E T S A L E S A N D C A P I TA L WO R K S 2025 NEW ZEALAND
Slide 16: Development Highlights
Development Highlights N E W O R E X PA N D E D ASS E T S Boulcott Hospital Expansion, Wellington This ~$24.8m, major hospital refurbishment and expansion reached practical completion on 30 July 2025 and was officially opened by the Hon Simeon Brown, Minister of Health on 4 August 2025. The facility
Slide 17: Development Highlights (continued)
Development Highlights (continued) $19.6m REMAINING COMMITTED DEVELOPMENT SPEND DEVELOPMENT PROJECTS UNDER CONSTRUCTION RDX, Gold Coast Wakefield Hospital Grace Hospital, Tauranga Level 5 Expansion, Wellington This ~A$134.2m development, targeting 6 Fitout works to the Level 5 ward are under This ~$
Slide 18: Q1 Financial Highlights
Q1 Financial Highlights B A L A N C E S H E E T R E M A I N S ST R O N G ▸ 5.0% growth in net property income on a same property and constant 2.82cpu No debt expiring until March 2027 AFFO currency basis compared to the prior corresponding period. $2.56 3.6 years weighted average debt expiry ▸ Cash
Slide 19: ESG Highlights
ESG Highlights D R I V I N G P R O G R E SS A N D P E R F O R M A N C E A C R O SS S U STA I N A B I L I T Y 2nd Climate Related Disclosure Vital retains GRESB Global Sector released in October 2025 Leader status ▸ Builds on the strong foundations set in year one. Awarded Global Sector Leader for Li
Slide 20: Sustainable Buildings
Sustainable Buildings Vital is committed to delivering high-performing, sustainable healthcare assets by achieving Green Star certifications Genesis Care Integrated Cancer Centre Playford Health Hub Stage 2 RDX - 6 Star Green Star Design rating achieved Targeting our first 5 Star Green Star Developm
Slide 21: Outlook & Guidance
Outlook & Guidance A F O C U S O N F U N DA M E N TA LS TO D R I V E O P E R AT I O N A L P E R F O R M A N C E A N D U N I T H O L D E R VA L U E Vital is a 'best in class' investment platform. FY26 FOCUS MEDIUM TERM SUSTAINABILITY ▸ 9.75 cpu distribution ▸ Sector tailwinds ▸ Core of everything gui
Slide 22: Annual Financial Statements
Annual Financial Statements Graham Stuart Independent Chair Playford Health Hub, Adelaide
Slide 23: Re-election of Angela Bull
Re-election of Angela Bull Angela Bull Independent Director
Slide 24: Voting
Voting R E S O L U T I O N 1 – T H AT A N G E L A B U L L B E A P P O I N T E D AS A N I N D E P E N D E N T D I R E C TO R OF N O R T H W E ST H E A LT H CA R E P R O P E R T I E S M A N A G E M E N T L I M I T E D , T H E M A N A G E R OF V I TA L H E A LT H CA R E P R O P E R T Y T R U ST Vote Ty
Slide 25: General Business
General Business Ormiston Hospital Stage 1 Expansion, Auckland
Slide 26: Closing Remarks
Closing Remarks Thank you for attending today’s Annual Meeting Boulcott Hospital, Wellington
Slide 27: Disclaimer
Disclaimer This presentation has been prepared by Northwest Healthcare Properties Management Limited (the "Manager") as manager of the Vital Healthcare Property Trust (the "Trust"). The details in this presentation provide general information only. It is not intended as investment, legal, tax or fin
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