Homeco Daily Needs Reit · ASX:HDN
Homeco Daily Needs Reit — H1 2021 Earnings Presentation
26 slides from Homeco Daily Needs Reit's earnings presentation, Feb 17, 2021
Slide 1: HomeCo Daily Needs REIT – 1H FY21 Financial Results Presentation (ASX release)
Managed by HMC Funds Management Limited (ACN 105 078 635; AFSL 237257) as responsible entity of the HomeCo Daily Needs REIT (ARSN 645 086 620) ASX RELEASE 17 February 2021 HOMECO DAILY NEEDS REIT – 1H FY21 FINANCIAL RESULTS PRESENTATION HomeCo Daily Needs REIT (ASX: HDN) provides the attached 1H FY2
Slide 2: 1H FY21 Financial Results presentation
Daily Needs REIT 1H FY21 Financial Results presentation 17 February 2021
Slide 3: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Daily Needs REIT Agenda 1. Highlights 2. Portfolio update 3. Financial performance 4. Outlook 5. Supplementary information Update David Di Pilla Sid Sharma Paul Doherty Will McMicking
Slide 4: 1H FY21 highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 1H FY21 highlights Daily Needs REIT For the period from IPO to 31-Dec-20 Operational Financial Developments & Investments 98.7% 99% ~25,000sqm GLA OCCUPANCY2 CASH COLLECTIONS NOV-20 T
Slide 5: On track to deliver on strategy detailed in PDS
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Product Disclosure Statement Daily Needs REIT HDN is on track to deliver on its strategy detailed in October 2020 1 Provide exposure to portfolio of stabilised, predominately metro-lo
Slide 6: Model Portfolio strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Model Portfolio strategy Daily Needs REIT Unique defensive exposure with enhanced diversification and tenant credit quality 3. High quality contracted and 1. Geographic diversificatio
Slide 7: Portfolio update
HomeCo Gregory Hills (NSW) Portfolio update Daily Needs REIT
Slide 8: Trading update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Trading update Daily Needs REIT 99% unadjusted cash collection of monthly billings since IPO from Nov-20 to Jan-21 Cash collection (% of unadjusted contracted rent) ▪ Foot traffic: 19
Slide 9: Acquisitions update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisitions update Daily Needs REIT $104m of acquisitions since IPO driving valuation and FFO growth Overview of recent acquisitions Bunnings Seven Hills, NSW Marsden Park Shopping C
Slide 10: Portfolio statistics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio statistics Daily Needs REIT Highly complementary acquisitions further enhance portfolio Portfolio statistics HDN Product Disclosure Marsden Park + Bunnings Current portfolio
Slide 11: Major developments update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Major developments update Daily Needs REIT Value accretive developments tracking to budget and timetable Leasing Major development projects Anchor tenants Target open Forecast cash yi
Slide 12: Brownfield developments update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Brownfield developments update Daily Needs REIT Low site coverage provides opportunity to unlock additional income and value Leasing Est. investment Brownfield development projects Pl
Slide 13: Significant NTA Growth Potential
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Significant NTA Growth Potential Daily Needs REIT Expected to release further balance sheet capacity for growth Attractive Valuation uplift Income Cap rate portfolio characteristics g
Slide 14: Financial performance
Click to edit Master title style HomeCo Prestons HomeCo Gregory Hills (NSW)(NSW) Financial performance Daily Needs REIT
Slide 15: Earnings summary (IPO to 31-Dec-20)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary (for the ~40 days from IPO to 31-Dec-20) Daily Needs REIT 1H FY21. $ million (Nov 20–Dec 20) Property income 6.6 ▪ HDN reported FFO of $3.1m for the period to 31 Dece
Slide 16: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet Daily Needs REIT NTA of $1.34 per unit (versus PDS balance of $1.33 per unit) $ million 31 Dec 2020 . Cash and cash equivalents 6.4 ▪ NTA of $1.34 per unit as at 31 Dece
Slide 17: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Daily Needs REIT Strong capital position with 34.5% gearing and $154.4 million cash and undrawn debt $ million 31-Dec-2020 ▪ HDN entered into a $400 million 3-year
Slide 18: Outlook
Bunnings Seven Hills (NSW) Outlook Daily Needs REIT
Slide 19: Outlook
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Outlook Daily Needs REIT HomeCo Daily Needs REIT is pleased to provide the following guidance: ▪ FY21 FFO guidance of $20.5m (4.2 cents per unit) reflecting a 9% upgrade to the PDS FY
Slide 20: Targeting strong FFO growth
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Targeting strong FFO growth Daily Needs REIT Delivering stable growing income streams with additional opportunities for growth FFO growth drivers are embedded within the HDN Portfolio
Slide 21: Supplementary information
HomeCo Keysborough (VIC) Supplementary information Daily Needs REIT
Slide 22: High quality and diversified tenant mix
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx High quality and diversified tenant mix Daily Needs REIT Defensive tenant mix with top 15 tenants representing ~57% of gross rental income Tenant mix (by income)1 – PDS vs Current por
Slide 23: Geographically diverse and strategically located portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Geographically diverse and strategically located portfolio 94% weighted to metropolitan growth corridors1 Daily Needs REIT Brisbane / Gold Coast Perth Butler Joondalup Ellenbrook CBD
Slide 24: HomeCo portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HomeCo portfolio Daily Needs REIT Portfolio summary metrics Trading Site Coverage Occupancy WALE (by Property State Classification GLA (sqm) Site area (sqm) occupancy Fair Value ($m)
Slide 25: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Disclaimer Daily Needs REIT This presentation (Presentation) has been prepared by HMC Funds Management Limited (ACN 106 078 635, AFSL 237 257) (Responsible Entity) as responsible enti
Slide 26: Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Contacts Daily Needs REIT Investors Will McMicking Group Chief Financial Officer +61 451 634 991 william.mcmicking@home-co.com.au Tom Kohlen Group Investor Relations Executive +61 419
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