Healthco Healthcare & Wellness Reit · ASX:HCW
Healthco Healthcare & Wellness Reit — H1 FY22 Earnings Presentation
33 slides from Healthco Healthcare & Wellness Reit's earnings presentation, Feb 18, 2022
Slide 1: HY22 Financial Results Presentation
HealthCo Healthcare and Wellness REIT ARSN 652 057 639 HCW Funds Management Limited ACN 104 438 100, AFSL 239882 ASX RELEASE 18 February 2022 HY22 FINANCIAL RESULTS PRESENTATION HealthCo Healthcare and Wellness REIT (ASX: HCW) provides the attached HY22 Financial Results Presentation. -ENDS- For fur
Slide 2: 1H FY22 Results Presentation
Proxima Southport, QLD Morayfield Health Hub, QLD Genesis Care Shepparton, VIC Camden Health Precinct, NSW 1H FY22 TO PRESENTATION RESULTS PRESENTATION….. RETAIL BROKER NETWORKS 18 February 2022….…. AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 3: Acknowledgement of Country
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx ACKNOWLEDGEMENT HealthCo REIT acknowledges the Traditional Custodians of OF COUNTRY country throughout Australia and celebrates their diverse culture and connections to land, sea and
Slide 4: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Agenda Presenters 1. Highlights & Strategy 2. Portfolio Overview Sam Morris HealthCo Senior Portfolio Manager 3. Investments 4. Financial Performance Christian Soberg HealthCo CFO 5.
Slide 5: Highlights and Strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Morayfield Health Hub, QLD 1. Highlights and strategy 1. Highlights and Strategy….…. 3 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 6: 1H FY22 highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 1H FY22 highlights Solid financial (FY22 FFO/unit upgrade reaffirmed and NTA increase) and operating (100% cash collection) performance since IPO FINANCIAL OPERATIONS GROWTH 7.4 cents
Slide 7: HealthCo strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HealthCo strategy HealthCo offers exposure to a high quality and diversified healthcare portfolio which offers stable and growing distributions and long-term capital growth HealthCo P
Slide 8: Strong embedded growth opportunity
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strong embedded growth opportunity Significant growth opportunity embedded in existing portfolio with capacity to pursue further accretive acquisitions and developments Potential NOI
Slide 9: Portfolio Overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Proxima Southport, QLD 2. Highlights 1. Portfolio overview and strategy 2. Portfolio Overview….…. 7 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 10: Portfolio overview and update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio overview and update HealthCo has continued to grow its high quality and diversified healthcare portfolio and enhanced key portfolio metrics Portfolio statistics1 Portfolio s
Slide 11: Key portfolio statistics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Key portfolio statistics Long term leases to high quality operators with contracted rental growth are key mitigants against rising inflation and interest rates Rent composition1 Top 2
Slide 12: Portfolio valuation summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio valuation summary Portfolio valuation1 increased 26% to $700m in Dec-21 with an as-complete valuation of ~$880m Valuation overview (31 December 2021) HealthCo portfolio valu
Slide 13: Investments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital - Camden Precinct, NSW 3. Growth 1. Highlights and strategy 3. Investments….…. 11 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 14: Acquisitions since IPO
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisitions since IPO ~$200m of accretive healthcare acquisitions since IPO have further enhanced HCW’s portfolio characteristics Proxima Southport, QLD Camden Stage 1, NSW Metro Chi
Slide 15: Development pipeline
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Development pipeline HealthCo is well progressed with its current $140m development pipeline, building upon significant in-house development expertise Planning Pre- Brownfield develop
Slide 16: Development pipeline update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Development pipeline update Strong progress has been made on the development pipeline The George Private Hospital – Camden Stage 1 (NSW) Proxima – Gold Coast Health & Innovation Preci
Slide 17: Camden Precinct overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Camden Precinct overview HealthCo is creating a $500m+ Health & Innovation Precinct in Camden, the fastest growing LGA in Australia1 with a catchment population of >1 million by 20312
Slide 18: Camden Precinct – development status
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Camden Precinct – development status The George Private Hospital is on track to open in H2 FY23 and EOIs have been received from leading private hospital operators regarding Camden Pr
Slide 19: Sustainability
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Aurrum Aged Care - Erina, NSW 4. Sustainability 1. Highlights and strategy 4. Sustainability….…. 17 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 20: HomeCo's commitment to sustainability
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HomeCo’s commitment to sustainability The external manager of HealthCo is committed to sustainable practices that drive long term value creation and achieve a positive impact on the c
Slide 21: Sustainability progress at HealthCo
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sustainability progress at HealthCo HealthCo is progressively implementing HomeCo’s Sustainability Commitments across its operations to support long-term value creation and the creati
Slide 22: Financial Results
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Guardian Childcare - Five Dock, NSW 5. Financial performance 1. Highlights and strategy 5. Financial Results….…. 20 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 23: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary FFO of $5.8m for the period to 31 December 2021 $m H1 FY22 Total revenue 10.8 FFO Property expenses (1.8) Responsible entity fees (1.4) ▪ HCW reported FFO of $5.8m fo
Slide 24: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet NTA of $1.94 per unit (versus PDS of $1.86 per unit) $m 31-Dec 21 NTA Cash and cash equivalents 56.1 ▪ NTA of $1.94 per unit as at 31 December 2021 Trade and other recei
Slide 25: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Strong net cash capital position with $456m cash and undrawn debt facilities $m 31-Dec-21 Cash Liquidity Senior facility undrawn 400.0 ▪ HCW had $56m net cash as at
Slide 26: Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Health Hub - Cairns, QLD 5. Outlook and strategy 1. Highlights 6. Guidance….…. 24 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 27: Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Guidance HealthCo is pleased to reaffirm FY22 FFO and DPU guidance 5.0 cents1 7.4 cents FY22 FFO/unit FY22 DPU Upgraded Oct-21 PDS guidance reaffirmed guidance reaffirmed (+16%) ▪ Hea
Slide 28: Supplementary Information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Genesis Care - Nambour, QLD Supplementary Appendix - Supplementary Information information 1. Highlights and strategy ….…. 26 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 29: HealthCo portfolio construction
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HealthCo Portfolio construction Significant addressable market opportunity of >$200bn and a further ~$87bn of investment required over the next 20 years1 Recurrent Forecast government
Slide 30: Geographically diverse and strategically located portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Geographically diverse and strategically located portfolio National portfolio with strong weighting to Australia’s Eastern seaboard 40 42% Assets QLD: $295m Brisbane Metro $201m NT QL
Slide 31: Portfolio summary metrics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio summary metrics Current portfolio value at $700m and ~$880m on an as-complete basis WALE Occupancy Property State Classification Fair value Cap rate Site area (sqm) (by inco
Slide 32: Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Contacts Investors and Analysts Media Misha Mohl Christian Soberg John Frey Group Head of Strategy & IR HealthCo Chief Financial Officer Corporate communications Home Consortium +61 4
Slide 33: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Disclaimer This presentation (Presentation) has been prepared by HCW Funds Management Limited (ABN 58 104 438 100, AFSL 239882) (Responsible Entity) as responsible entity of HealthCo
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