Homeco Daily Needs Reit · ASX:HDN
Homeco Daily Needs Reit — FY2025 Earnings Presentation
34 slides from Homeco Daily Needs Reit's earnings presentation, Aug 14, 2025
Slide 1: FY25 Results Presentation
FY25 Results Presentation 14 August 2025
Slide 2: Acknowledgement of Country
Acknowledgement of Country HomeCo. Daily Needs REIT acknowledges the Traditional Custodians of Country throughout Australia and celebrates their diverse culture and connections to land, sea and community. We pay our respect to their Elders part and present and extended that respect to all Aboriginal
Slide 3: Agenda
Agenda 01 02 03 04 05 06 Results Portfolio Growth Financial Outlook & Supplementary Overview Update Opportunities Results Guidance Information Paul Doherty Sid Sharma Will McMicking HDN Fund Manager HMC Capital Managing Director, HMC Capital Group CFO Real Estate & HDN CEO 3
Slide 4: Results Overview
01 Results Overview 4 Lutwyche (QLD)
Slide 5: FY25 highlights & outlook
FY25 highlights & outlook FFO/unit and DPU growth underpinned by strong comparable NOI growth Delivering FFO/unit growth despite interest rate headwinds FY25 Performance FY26 Outlook 6.7% CAGR 8.8 cents 8.5 cents 9.0 cents 8.6 cents 8.80 6.804 FFO per unit DPU FFO per unit DPU +2.3% vs. FY24 +2.4% v
Slide 6: FY25 operational performance
FY25 operational performance Operational excellence driving revenue growth, while enhancing portfolio composition and maintaining a strong balance sheet Property income growth Operations Growth 5.0% growth +4.0% +6.0% ~$270m +6.0% $365m $355m Comparable NOI Leasing spreads Gross valuation gain FY25
Slide 7: 5 Year scorecard
5 Year scorecard Creating long term value in our assets since IPO Operational Stability Accretive Developments Portfolio Growth $327m $4.1bn >99% Development Capex Gross asset value uplift Cash collections & occupancy since IPO Delivering an additional >98,000m GLA, over 25 $0.8bn seed portfolio val
Slide 8: Investment strategy
Investment strategy Creating daily needs community hubs supporting the growth strategies of Australia’s leading retailers Model portfolio Strong fundamental Accretive Last mile real estate construction investments development pipeline infrastructure Portfolio Target $428/sqm $650m+ ~12.2m people ~50
Slide 9: Portfolio Update
02 Portfolio Update 9 Caringbah (NSW)
Slide 10: Property portfolio summary
Property portfolio summary $4.9bn portfolio diversified by subsector, tenant and geography Key portfolio metrics Tenant mix Rent composition Portfolio value $4,920m Supermarket Health & Wellness 20% 12% Landbank (sqm) 2.4m sqm Site coverage 36% Neighbourhood CPI WACR1 5.56% 17% Large Format Retail W
Slide 11: Highly defensive and diversified income streams
Highly defensive and diversified income streams Diversified tenant base of Australia’s leading retailers Top 10 tenants – by gross income Portfolio subsectors – gross income split and key tenants1 8.2% 4.5% 40% Neighbourhood 4.4% 4.0% 3.1% 40% Large format 2.7% Retail 2.6% 2.2% ~35% of gross 1.6% in
Slide 12: Property portfolio summary
Property portfolio summary $4.9bn metropolitan east coast focused portfolio HDN has a leading strategic network of sites located across metropolitan 47 20% growth corridors Properties1 QLD: $1.0bn Properties1 11 Total portfolio NT Greater Brisbane & Gold 17% Portfolio value $4.9bn Coast Tenants ~1,3
Slide 13: Sustainability achievements
Sustainability achievements Continuing to drive long term value through the creation of healthy communities Environment For our Real Estate platform, we are on track to achieve ~32% reduction in scope 1 and scope 2 emissions (vs FY22 baseline)1 achieved through smart Energy Management Systems (EMS)
Slide 14: Growth Opportunities
03 Growth Opportunities 14 Gregory Hills (NSW)
Slide 15: Creating value from existing footprint
Creating value from existing footprint Active Projects FY26 Commencements Pipeline $170m $80m - $120m $650m Targeting a >7% ROIC1 Targeted commencements Development pipeline 1 Castle Hill, NSW 4 Tuggerah, NSW 1 Leppington, NSW 1 Cranbourne, VIC Estimated capex: ~$25m Estimated capex: ~$44m Daily nee
Slide 16: Active projects: Tuggerah
Active projects: Tuggerah Development of adjoining vacant land pre-leased to leading retailers, targeting a 7% ROIC1 Tuggerah, NSW — Leading LFR precinct on the NSW Central Coast — ~11,200sqm Leisure and lifestyle development leased to leading ASX listed and national retailers including Officeworks,
Slide 17: Active projects: Castle Hill
Active projects: Castle Hill Centre expansion 100% leased to leading retailers delivering a 10% ROIC1 Castle Hill, NSW — Premium quality LFR centre serving Sydney’s northwest growth area — Leisure and lifestyle development leased to leading national retailers — Stage 1 completed, 100% leased2 to lea
Slide 18: Active projects: Lutwyche
Active projects: Lutwyche Lutwyche repositioning strategy estimated to deliver a ~20% net valuation gain since acquisition Lutwyche, QLD — Triple supermarket anchored daily needs centre, 5km north of the Brisbane CBD generating >$120m in annual supermarket sales — A value accretive remix strategy dr
Slide 19: Additional active projects under construction
Additional active projects under construction Tenant demand-led development strategies expected to achieve ~7%+ ROIC1 Armstrong Creek Town Centre, VIC Woolworths supermarket & 2,200sqm ~$52m 1H FY27 online home delivery hub and specialty ~8,500sqm Estimated Target retail GLA CAPEX completion Const
Slide 20: Investments in HMC Capital's unlisted retail funds
Investments in HMC Capital’s unlisted retail funds Strategic investments in complimentary strategies providing additional development and future acquisition pipeline Last Mile Retail Strategy Greenfield Strategy HMC Last Mile Retail Logistics Property (LML) Fund HMC Unlisted Grocery Fund (HUG) Fund
Slide 21: Financial Results
04 Financial Results 21 Coomera City Centre (QLD)
Slide 22: Earnings summary
Earnings summary FY25 FFO of 8.8 cents per unit $ million FY24 FY25 Property NOI 272.9 288.3 Distribution from equity-accounted investments 2.1 3.1 Investment management fees1 (27.5) (28.2) Other corporate expenses (4.0) (4.2) Strong comparable NOI Growth of 4.0% driven by – positive leasing spreads
Slide 23: Balance sheet
Balance sheet Resilient portfolio provides platform for continued asset recycling and organic growth $ million 31 Dec 24 30 Jun 25 Cash and cash equivalents 15.4 18.0 – HDN has a robust balance sheet at Jun-25 with net assets of $3.1bn Assets held for sale 115.0 41.5 – Jun-25 gearing is 35.2%. This
Slide 24: Capital management
Capital management Strong liquidity of $107.9m and 35.2% gearing $ million 31 Dec 24 30 Jun 25 Debt summary – Jun-25 gearing is 35.2%, however, this will be impacted post Jun-25 by the sale of Bundall ($41.5m) and Facility limit (bank debt) 1,850.0 1,850.0 acquisition of Warilla Grove ($56.5m). Gear
Slide 25: Outlook & Guidance
05 Outlook & Guidance 25 Mornington (VIC)
Slide 26: FY26 Outlook and guidance
FY26 Outlook and guidance FFO and DPU guidance of 9.0cpu and 8.6cents respectively 9.0 cents 8.6 cents +4.0% ~$80-$120m FY26 development FY26 FFO/unit FY26 DPU Comparable NOI growth commencements FY26 Outlook – Strong top-line revenue growth underpinned by high quality and defensive cash flows Robus
Slide 27: Supplementary Information
06 Supplementary Information 27 Leppington (NSW)
Slide 28: Additional financial information
Additional financial information Statutory profit to FFO reconciliation Portfolio value to balance sheet reconciliation $ million FY24 FY25 $ million 30 Jun 25 Property income 355.4 364.7 Portfolio valuation 4,830.2 Share of (loss)/profit of equity-accounted investees 0.5 (1.0) Right of use asset -
Slide 29: FY25 leasing
FY25 leasing Strong rental reversion & affordable portfolio rents underpin long-term outlook for sustainable and non-cyclical income growth Releasing spreads Incentives HDN continues to generate leading releasing spreads underpinned by Consistently low incentives driving real rental growth strategic
Slide 30: Portfolio summary metrics
Portfolio summary metrics Occupancy WALE Asset State GLA (sqm) Site area (sqm) Site Coverage (%) 1 Fair Value ($m) Cap rate (%) (by area)2 (by income)3 Operating Armstrong Creek VIC 12,537 59,065 21% 99% 5.9 115 5.19% Bankstown NSW 17,420 40,240 43% 100% 4.9 96 5.75% Belrose NSW 36,816 44,265 83% 10
Slide 31: HDN owns strategic last mile infrastructure
HDN owns strategic last mile infrastructure Strategic footprint spanning 2.4 million sqm in Australia’s leading metropolitan markets & growth corridors weighted towards capital cities Greater Melbourne Greater Sydney Greater Brisbane & Gold Coast Murrindindi Woy Woy Coral Sea Sunshine Coast Rosentha
Slide 32: Further Information
Further Information Investors and Analysts Media Paul Doherty John Frey HMC Capital Corporate communications HDN Fund Manager HMC Capital +61 447 245 435 +61 411 361 361 paul.doherty@hmccapital.com.au john@brightoncomms.com.au Authorised for release by the Board of HMC Funds Management Limited Level
Slide 33: Disclaimer
Disclaimer This presentation (Presentation) has been prepared by HMC Funds Management Limited (ACN 106 078 635, AFSL 237 257) (Responsible Entity) as responsible entity of HomeCo Daily Needs REIT (ARSN 645 086 620). Summary information This Presentation contains summary information about the current
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