Hmc Capital Limited · ASX:HMC
Hmc Capital — Corporate Update (April 2023)
34 slides from Hmc Capital's corporate update, Apr 28, 2023
Slide 1: Western Sydney Asset Tour Presentation
ASX RELEASE For personal use only 28 April 2023 WESTERN SYDNEY ASSET TOUR PRESENTATION HMC Capital (ASX: HMC) provides the attached presentation which will be given to attendees of a Western Sydney asset tour taking place today. This announcement is authorised for release by the Board. For further i
Slide 2: Healthcare & Life Sciences Fund; Last Mile Logistics
For personal use only Healthcare & Life Last Mile Logistics Sciences Fund 0
Slide 3: Journey Tracks to Sacred Sites
For personal use only 1 Journey Tracks to Sacred Sites Tony Sorby (2021) © the artist courtesy Kate Owen Gallery
Slide 4: Presenters
For personal use only Sid Sharma Sam Morris Group COO & HealthCo HDN CEO Senior Portfolio Manager Paul Doherty Christian Soberg HDN HealthCo Portfolio Fund Manager Chief Financial Officer Marie Nguyen Matia Jelinic LML Unlisted Fund LML Unlisted Fund Fund Manager Assistant Fund Manager 2
Slide 5: Western Sydney Asset Tour
| use only Western Sydney Asset Tour ona For pers HMCopital
Slide 6: HMC Capital Western Sydney Exposure
HMC Capital Western Sydney Exposure ~$2bn invested in Western Sydney across daily needs and healthcare investments positioned to benefit from strong future population growth and infrastructure investment For personal use only ~$1.4bn1 Daily Needs ~$0.6bn Healthcare HDN HCW HCW / UHCF Fund LML Fund A
Slide 7: Nepean Private Hospital
HMCopital use only — Nepean Private Hospital <= Unlisted Healthcare Fund (~50% HCW) FOr perso
Slide 8: Nepean Private Hospital
Nepean Private Hospital Established private hospital leased to Healthscope and co-located with Nepean Public Hospital For personal use only Asset summary ▪ Located in Penrith, one of Sydney’s fast growing catchments ▪ Benefits from a direct connection to Nepean Public Hospital Overview via a private
Slide 9: Nepean Private Hospital
Nepean Private Hospital For personal use only 7
Slide 10: The George Private Hospital
HMCopital ly use on — The George Private Hospital = HealthCo For perso
Slide 11: The George Private Hospital
The George Private Hospital HealthCo has successfully developed a new greenfield hospital in Australia’s fastest growing LGA with the project completing on-time and on-budget in 1Q 2023 For personal use only Asset summary ▪ Recently completed greenfield private hospital located within Overview a new
Slide 12: Camden Health and Innovation Precinct overview
Camden Health and Innovation Precinct overview $500m+ Health & Innovation Precinct in Camden, Australia’s fastest growing LGA For personal use only 781 bed private hospital The specialising in paediatrics and George ~10,000sqm facility built to house maternity Health clinical trials (including a pha
Slide 13: The George Private Hospital
The George Private Hospital For personal use only 11
Slide 14: Sydney SW Private Hospital
ly use on = Sydney SW Private Hospital = Unlisted Healthcare Fund (~50% HCW) FOr perso HMCopital 12
Slide 15: Sydney Southwest Private Hospital
Sydney Southwest Private Hospital Established private hospital leased to Healthscope co-located with one of NSW’s largest and most active public hospitals For personal use only Asset summary ▪ Established private hospital located in Liverpool, within the Liverpool Health and Academic Precinct Overvi
Slide 16: Sydney Southwest Private Hospital
Sydney Southwest Private Hospital For personal use only 14
Slide 17: Menai Marketplace / Last Mile Logistics Fund
use only ———| @ < For perso Menai Marketplace Last Mile Logistics Fund HMCopital 15
Slide 18: Last Mile Logistics (LML) Overview
Last Mile Logistics (LML) Overview Proposed $1bn LML unlisted fund on-track to be established in 2H FY23 For personal use only The Omni-channel Model ▪ Target core plus transition assets (sub regional, neighbourhood & LFR Investment strategy assets) with upside via repositioning into essential last
Slide 19: LML Investment Mandate
LML Investment Mandate The LML Fund will not acquire assets that fall under HDN’s investment mandate without HDN being offered the opportunity first For personal use only HomeCo Daily Last Mile Logistics Comment Needs REIT Fund Subsectors Subregional ✓ ▪ HDN has no exposure to discount department
Slide 20: Menai Marketplace
Menai Marketplace Strategic location, tenancy mix and low site coverage support compelling repositioning opportunity For personal use only Investment Highlights Key location with flexible zoning ✓ Dominant retail asset located in one of Sydney metropolitans largest LGAs ✓ Opportunity to significantl
Slide 21: Menai Marketplace Last Mile Upgrades
Menai Marketplace Last Mile Upgrades For personal use only CURRENT STATE Sub-optimal customer facing omni-channel facilities Sub-optimal facilities with shared loading dock between retailers and home deliveries No pick up points for specialty tenants Unutilised loading infrastructure current
Slide 22: Menai Location and Catchment
Menai Location and Catchment For personal use only Highlights1 ▪ Menai Marketplace is located 30km South of the Sydney CBD in the Sutherland Shire ▪ Sutherland Shire LGA is the sixth largest in Sydney by population and is expected to grow by 10% to 2036, reaching 266,020 ▪ Dominant asset with limite
Slide 23: Menai Marketplace
For personal use only Menai Marketplace 21
Slide 24: Appendix: Healthcare Industry Overview
se only Ss 5 — Appendix | = Healthcare Industry Overview For pers HMCopital 22
Slide 25: Appendix I: Healthcare Sector Industry Overview
Appendix I: Healthcare Sector Industry Overview For personal use only Growing and ageing population1,2 Escalating hospital visits among older patients3 Growth (%) in hospital separations: Australian population growth (2010-2025) Admissions by age 2017 to 2021 0.2 (A$ millions) 50.0 17.1% CAGR 0-14 1
Slide 26: Appendix I: Healthcare Sector Industry Overview
Appendix I: Healthcare Sector Industry Overview For personal use only Growing strain on public hospitals1 Private health insurance membership growth2 Public hospital beds per 1,000 population Hospital membership by age group (# Beds / 1,000 people) (A$ millions) 5.0 11.8 4.8 11.7 4.6 11.6 4.4 11.5 4
Slide 27: Appendix I: Healthcare Sector Industry Overview
Appendix I: Healthcare Sector Industry Overview For personal use only Australian Private Hospital Funding (2020-21)1,2,3 Australian Private Hospital market size by revenue1,2 ~$20bn of Private Hospital funding was provided in 2020-21 Strong growth pre-COVID expected to return in coming years COVID-1
Slide 28: Backlog of elective surgery and public hospital overflow to drive private profitability
[ Appendix ] I: Healthcare Sector Industry Overview Backlog The of elective private systemsurgery and apublic will play key hospital overflow to drive role in alleviating post public COVID growth hospital of private elective surgery hospital operator profitability backlogs For personal use only Publ
Slide 29: Demand drivers for mental health care services
Appendix I: Healthcare Sector Industry Overview For personal use only Demand drivers for mental health care services1 ▪ Mental health conditions are the leading chronic disease in Australians aged 15-64 ▪ In 2020-21, over two in five (44% or 8.6m people) of Australians aged 16-85 years had experienc
Slide 30: A growing and ageing population is driving demand for healthcare
Appendix II: LEK Consulting Industry Report A growing and ageing population is driving demand for healthcare and wellness services For personal use only 1 Notes: 1. Based on an analysis by AIHW on FY16. Only includes a subset of total expenditure. Sources: ABS, AIHW. 28
Slide 31: HealthCo's target sectors accounted for $194bn of expenditure
Appendix II: LEK Consulting Industry Report Within the overall market, HealthCo’s target sectors accounted for $194bn of total expenditure in FY19 and have been growing at c.4.3% p.a. (in aggregate) For personal use only 1 Notes: Excludes payments made towards Workers compensation, vehicle insurance
Slide 32: Current value of health property assets estimated at $218bn
Appendix II: LEK Consulting Industry Report The current value of health property assets across these sectors is estimated at $218bn For personal use only 1 Sources: L.E.K. research & analysis; Value of building commencements, December 2020, BisOxford Economics. 30
Slide 33: Estimated investment in health property for net new capacity $85bn
Appendix II: LEK Consulting Industry Report The estimated investment in health property for net new capacity to meet long term demand growth is + $85bn For personal use only 1 Sources: L.E.K. research & analysis. 31
Slide 34: Disclaimer
Disclaimer For personal use only This presentation (Presentation) has been prepared by HMC Capital Limited (ACN 138 990 593) (“HMC Capital”) Summary information This Presentation contains summary information about the current activities of HMC Capital and its subsidiaries as at the date of this Pres