Qualitas Real Estate Income Fund Units · ASX:QRI
Qualitas Real Estate Income Fund Units — Investor Presentation (June 2019)
20 slides from Qualitas Real Estate Income Fund Units's investor presentation, Jun 19, 2019
Slide 1: Qualitas Real Estate Income Fund
Qualitas Real Estate Income Fund ARSN 627 917 971 Placement – June 2019 ARRANGER Commercial-in-Confidence | June 20191
Slide 2: Agenda
Agenda 1 The Offer 2 QRI Update 3 About Qualitas Commercial-in-Confidence | June 2019 2
Slide 3: The Offer
The Offer Commercial-in-Confidence | June 20193
Slide 4: Key Offer Details
Key Offer Details Trust Qualitas Real Estate Income Fund ARSN 627 917 971 Manager QRI Manager Pty Ltd Responsible Entity The Trust Company (RE Services) Limited ASX code QRI Listing Date 27 November 2018 Offer Placement of up to 21,675,889 new units to professional and sophisticated investors Subscr
Slide 5: Introduction
Introduction The Trust is seeking to raise capital, via a Placement, to support investments in upcoming loan pipeline. Following listing of QRI on 27 November 2018, QRI Manager Pty Ltd (Manager) has invested 78% of the Trust’s capital from the initial capital raise as of 31 May 2019. The Manager has
Slide 6: QRI Update
QRI Update Commercial-in-Confidence | June 20196
Slide 7: Market Update and Implications for QRI
Market Update • The first half of 2019 saw continued softening house prices, negative market sentiment and uncertainty around government policy settings. • Senior loans present the deepest pool of opportunities Implications for QRI in the current market. • Lower construction starts and housing appro
Slide 8: Market Opportunity
Market Opportunity There is a growing funding gap in the Australian commercial real estate finance market, as banks retreat due to regulatory pressure and capital requirements. Supportive $282 billion Macroeconomic Market Commercial Bank Withdrawal Environment and Opportunity for Real Estate Real Es
Slide 9: Qualitas Real Estate Income Fund Opportunity
Qualitas Real Estate Income Fund Opportunity The Qualitas Group is a deeply experienced investment manager, providing finance for real estate projects and assets. Access to High Compelling Performing Manager Investment 1 2 • Disciplined and experienced Manager • Liquid investment opportunity secured
Slide 10: Fund Achievements since IPO
Fund Achievements since IPO November 2018 31 May 2019 Achievements Capital deployment ✓ Manager has invested 78% of QRI capital since listing QRI Monthly Return and Deployment5 ✓ Expected to achieve full deployment by 30 June 2019 1 6% 100% or shortly thereafter 5.13%p.a. 4.98%p.a. ✓ Predominantly i
Slide 11: Portfolio Composition as of May 2019
Portfolio Composition as of 31 May 2019 The Trust portfolio is 78% invested and well diversified by investment type, loan type, property sector and geography1. The Trust portfolio is characterised by lower risk-adjusted returns and sound loan performance. Total invested capital $181m (78%) Fund Comm
Slide 12: Recent Investments
Recent Investments Loans within the Trust Portfolio1: Wolli Creek, NSW Baulkham Hills, NSW Brunswick West, VIC New Farm, QLD Arch Finance Senior Construction Senior Investment Mezz Construction Senior Land Warehouse Trust note program LVR 61% LVR 70% LVR 70% LVR 75% LTC 70% LTC 84% Exposure to portf
Slide 13: About Qualitas
About Qualitas Commercial-in-Confidence | June 2019 13
Slide 14: The Qualitas Group
The Qualitas Group Historical Track Record Since Inception1 The Qualitas Group has a disciplined track record of strong risk-adjusted Gross Asset Value returns and successful investment management, currently with circa of Investments: $2.3 billion of Committed Capital. A$ 10.19 billion2 years of rea
Slide 15: Experienced Team
Experienced Team Institutional platform with 70+ experienced real estate investment professionals, including on-the-ground investment team of 22 with deep, longstanding relationships within the market. Andrew Schwartz Mark Fischer Tim Johansen Kathleen Yeung Gerd Mayer Group Managing Director Managi
Slide 16: Qualitas Advisory Board
Qualitas Advisory Board Michael Schoenfeld Elana Rubin Carol Schwartz AM Chairman Non-Executive Non-Executive Since April 2012 Since June 2013 Founding Member • Elana is a Director of Mirvac Group, AfterPay Touch Group, • Carol is a RBA Board Member and Non-Executive Director • Michael is a Chartere
Slide 17: Institutional-Grade Governance
Institutional-Grade Governance The Advisory Board and dedicated internal committees maintain oversight over Qualitas Group operations and investments policies. Advisory Board Trustee Board Portfolio Allocation Qualitas Investment Committee Committee1 • Group governance and oversight • Governance and
Slide 18: Investment Principles
Investment Principles At the centre of the Trust’s Investment Strategy are four Investment Principles, against which all the Trust’s investment opportunities will be assessed. Quantum of Returns Assessment of Known Risks • Seek to accurately forecast returns • Seek to diligently consider and assess
Slide 19: Investment Process
Investment Process Qualitas applies a highly selective, repeatable investment filtering and due diligence process for each investment opportunity. Active asset and risk management is undertaken throughout the life of the loan. Active Risk Monitoring and Reporting Framework Active Asset Management •
Slide 20: Important Information
Important Information The document relates to a potential offer by The Trust Company (RE Services) Limited ABN 45 BondAdviser has acted on information provided to it and the content of the 003 278 831 AFSL 235 150 (Perpetual) as responsible entity of the Qualitas Real Estate Income research report i
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