Vital Healthcare Property Trust · NZX:VHP
Vital Healthcare Property Trust — Investor Presentation (June 2024)
13 slides from Vital Healthcare Property Trust's investor presentation, June 2024
Slide 1: Presentation to Craigs Investment Partners: Delivering on our strategy
ye eed en eg Pe ey S a ( e A U a | Beha: Nee g Presentation to Craigs} Investment Partners Delivering on our strategy
Slide 2: Contents
Contents Presenter Aaron Hockly SENIOR VICE PRESIDENT AND FUND MANAGER Investing in healthcare property across Australia wo and New Zealand Strategy Reaffirmed Financial Highlights Portfolio Overview Vital’s Development Pipeline NZ Hospital Landscape Australian Private Healthcare Landscape Market Dy
Slide 3: Investing in healthcare property across Australia and New Zealand
Investing in healthcare property across Australia and New Zealand VITAL IS THE ONLY SPECIALIST HEALTHCARE LANDLORD LISTED ON THE NZX NT 12% 4% 8% 22% ~NZ$3.3bn al TAS AUS ~NZ$2.3bn =NZ~NZ$1.0bn 25* PROPERTIES 15* PROPERTIES DEFENSIVE SECTOR > Non-diseretionary or high priority discretionary spending
Slide 4: Strategy reaffirmed
Strategy reaffirmed IN DECEMBER 2023, VITAL'S MAJORITY INDEPENDENT BOARD APPROVED AN UPDATED STRATEGY The update is substantially in line with previously announced strategy. Key elements include: — Healthcare property continues to be attractive due to the underlying tenant demand and relatively low
Slide 5: Financial highlights
Financi lights 7 xy NZS$2.72 NTA 39.5% ~NZ$146m cern trad ng balance sheet Net Property ~30% discount to NTA . gearing Income target range 35-45%; cy23 covenant 50% % y =y ith 4.1% >NZ$222m of 5.21% WACR HY24 like-for-like, same non-core assets at31 December 2023 i i (5.02% Aus; 5.61% NZ) Speeala ce
Slide 6: Portfolio overview
Portfolio overview AUSTRALASIA'S HIGHEST QUALITY INVESTABLE HEALTHCARE PORTFOLIO GEOGRAPHIC DIVERSIFICATION (BY VALUE) CPI aligned leases support income growth 4.1% growth over HY24 for same properties on a like-forlike and constant currency basis; 1.8% (excl. FX) growth in net property income after
Slide 7: Vital's development pipeline
Vital’s development pipeline 7 * CURRENT COMMITTED DEVELOPMENTS ARE ON TRACK; NEW DEVELOPMENTS WILL ONLY TO a “7 tee BE COMMITTED TO WHERE MARKET CONDITIONS ARE SUPPORTIVE = ic enesi NZ$171.4m 5.7% ~NZ$2b remaining to be spent on committed aoe average potential development development pipeline devel
Slide 8: New Zealand Hospital Landscape
New Zealand Hospital Landscape PRIVATE HOSPITALS ARE BECOMING AN INCREASINGLY IMPORTANT ASSET FOR HEALTHCARE DELIVERY IN NEW ZEALAND FOR BOTH PUBLIC AND PRIVATELY FUNDED PATIENTS The NZ Public Hospital System requires significant capital expenditure to correct for decades of under- investment Figure
Slide 9: Australian Private Healthcare Landscape
Australian Private Healthcare Landscape The Australian Healthcare System delivers some of the best healthcare outcomes in the world The healthcare sector is adequately resourced; however, it comes at a high cost, and there is limited availability of beds. Average $6,370 $4,910 USD per Healthcore USD
Slide 10: Market Dynamics in Australian Private Hospitals
Market Dynamics in Australian Private Hospitals INSURERS AND OPERATORS EXIST IN A CODEPENDENT ECONOMIC CYCLE, WHICH IS CURRENTLY OFF-BALANCE WITH HIGH PROFITS FOR INSURERS AND LOW PROFITS FOR OPERATORS COVID provided a significant windfall to health fund via reduced claims; operators bore brunt with
Slide 11: Why invest in Vital
Why invest in Vital Mgjority independent board; @ 25-year business experience in a q 2209 A é-8 Australian & NZ health system ras) experienced & stable a Strong ESG Leadership management team High quality, pure healthcare Committed development Ey portfolio diversified across all Fi pipeline of NZ$17
Slide 12: Disclaimer
Disclaimer This document has been prepared by Northwest Healthcare Properties Management Limited (the Manager) as manager of the Vital Healthcare Property Trust (the Trust). This document provides general information only and is not intended as investment, legal, tax, financial product or financial
Slide 13: Vital Healthcare Property Trust
www.vhpt.co.nz . V ita | HEALTHCARE PROPERTY TRUST Belmont Private Managed by Northwest
Vital Healthcare Property Trust — Investor Presentation (June 2024) on 6ix