Hmc Capital Limited · ASX:HMC
Hmc Capital — Home Consortium — Merger or Acquisition (July 2020)
38 slides from Hmc Capital's merger presentation, Jul 1, 2020
Slide 1: Acquisition and Equity Raising Presentation (ASX Release)
ASX RELEASE For personal use only 1 July 2020 ACQUISITION AND EQUITY RAISING PRESENTATION Home Consortium provides the attached Acquisition and Equity Raising Presentation. -ENDS- For further information, please contact: INVESTORS Will McMicking Tom Kohlen Finance Director Investor Relations Executi
Slide 2: Acquisition and equity raising presentation
For personal use only Acquisition and equity raising presentation 1 July 2020 NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION OR RELEASE IN THE UNITED STATES
Slide 3: Important Notices and Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Important Notices and Disclaimer For personal use only This presentation (Presentation) has been prepared by Home Consortium (comprised of Home Consortium Limited (ACN 138 990 593) an
Slide 4: Important Notices and Disclaimer (Continued)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Important Notices and Disclaimer Continued For personal use only Financial data All dollar values are in Australian dollars (A$). Investors should note that this Presentation contains
Slide 5: Important Notices and Disclaimer (Continued)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Important Notices and Disclaimer Continued For personal use only Disclaimer The Joint Lead Managers have acted as lead managers of the Placement. The Joint Lead Managers and Joint Und
Slide 6: Transaction overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Transaction overview For personal use only Acquisitions ▪ HomeCo has agreed to acquire: ̶ 3 Woolworths anchored convenience-based neighbourhood centres for total consideration of $127
Slide 7: Investment rationale and financial impacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Investment rationale and financial impacts For personal use only ✓ ▪ Quality assets and tenant mix ̶ Increases daily needs and HealthCo services tenant exposure to 47%1, consistent wi
Slide 8: Sources and uses
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sources and uses For personal use only Sources of funds $m Equity raise–Institutional placement 140.0 Equity raise–SPP1 30.0 Issue of scrip to Aurrum 20.0 Debt1 8.4 Total sources 198.
Slide 9: HomeCo is executing on its stated strategy to own, develop & manage
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HomeCo is executing on its stated strategy to own, develop & manage For personal use only Own Develop Manage ▪ 36 freehold centres1 ▪ Jun-20 valuation uplift3 ▪ Well positioned to del
Slide 10: Asset overview—Woolworths anchored centres
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Asset overview—Woolworths anchored centres 79% of income derived from supermarket and health & services tenants For personal use only Property Woolworths anchored centres opened in 20
Slide 11: Asset overview—Aurrum Erina
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Asset overview—Aurrum Erina For personal use only Property description 250 bed residential aged care home operated by Aurrum Aged Care. Original 181 beds constructed in 2003 and under
Slide 12: Portfolio impact
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio impact For personal use only Portfolio metrics Pro-forma rent review composition (by gross rent) Jun-20 Jun-201 Acquisitions1 pro-forma 11% Fixed Number of properties 30 5 3
Slide 13: Timetable
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Timetable For personal use only Event 2020 Record date for SPP 7.00pm (Sydney time), Tuesday, 30 June Announcement of the Placement Wednesday, 1 July Placement bookbuild Wednesday, 1
Slide 14: Aurrum Erina acquisition approval
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Aurrum Erina acquisition approval Aurrum Erina acquisition subject to securityholder approval with voting intentions received from entities related to Spotlight and Chemist Warehouse
Slide 15: Healthcare and wellness sector is opportunity rich
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Healthcare and wellness sector is opportunity rich For personal use only ▪ Total current market size of Healthcare & Wellness sectors is approximately $228 billion ▪ Population growth
Slide 16: Healthcare & wellness update
For personal use only Healthcare & wellness update
Slide 17: Residential aged care sector opportunity
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Residential aged care sector opportunity Total investment for new and rebuilt places over the next decade estimated at $56 billion For personal use only Overview Operational residenti
Slide 18: Healthcare & Wellness exposure
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Healthcare & Wellness exposure HomeCo has established a material services exposure comprising health, childcare & education, government services and wellness tenants For personal use
Slide 19: HealthCo St Mary's case study—Concept Design
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HealthCo St Mary’s case study—Concept Design For personal use only 17
Slide 20: HealthCo St Mary's case study—Centre plan
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HealthCo St Mary’s case study—Centre plan For personal use only 18
Slide 21: Appendix A: Pro-forma balance sheet
For personal use only Appendix A: Pro-forma balance sheet
Slide 22: Pro-forma balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix A Pro-forma balance sheet For personal use only Acquisitions and Dec-19 Dec-19 NTA Jun-20 preliminary Jun-20 Pro-forma Dec-19 $ million Placement / 100% consolidated adjusted
Slide 23: Appendix B: Key risks
For personal use only Appendix B: Key risks
Slide 24: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only This section discusses some of the key risks associated with an investment in HomeCo. A number of risks and uncertainties may adversely affe
Slide 25: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only Investors should also note that there is no assurance that the due diligence conducted was conclusive and that all material issues and risks
Slide 26: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only There is a risk that rental income may be materially different to that expected. Rental income may decline for a number of reasons, includin
Slide 27: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only Risks involved with development activities In seeking to maximise returns for securityholders, HomeCo continually seeks to develop its exist
Slide 28: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only Insurance risk HomeCo maintains appropriate insurance coverage in respect of its portfolio where insurance coverage is available on commerci
Slide 29: Key Risks
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix B Key Risks For personal use only No assurance can be given that the securities issued under the Placement will trade at or above the office price. None of HomeCo, its direct
Slide 30: Appendix C: Summary of Underwriting Arrangements
For personal use only Appendix C: Summary of Underwriting Arrangements
Slide 31: Summary of Underwriting Arrangements
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix C Summary of Underwriting Arrangements For personal use only Goldman Sachs Australia Pty Ltd (GS) and Jarden Australia Pty Ltd are acting as joint lead managers of the Placem
Slide 32: Summary of Underwriting Arrangements
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix C Summary of Underwriting Arrangements For personal use only j) if any of the obligations of the relevant parties under any of the contracts that are material to the business
Slide 33: Appendix D: International offer restrictions
For personal use only Appendix D: International offer restrictions
Slide 34: International offer restrictions
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix D International offer restrictions For personal use only This document does not constitute an offer of new stapled ordinary shares ("New Securities") of the Company in any ju
Slide 35: International offer restrictions
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix D International offer restrictions For personal use only Singapore This document and any other materials relating to the New Securities have not been, and will not be, lodged
Slide 36: Appendix E: Woolworths Acquisition Images
For personal use only Appendix E: Woolworths Acquisition Images
Slide 37: Woolworths centres—Images & tenancy plan
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix E Woolworths centres—Images & tenancy plan For personal use only Woolworths Vincentia Woolworths Vincentia tenancy plan Woolworths Vincentia internal Woolworths Vincentia int
Slide 38: Woolworths centres—Images & tenancy plan
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Appendix E Woolworths centres—Images & tenancy plan For personal use only Woolworths Rosenthal Woolworths Prestons Woolworths Rosenthal tenancy plan Woolworths Prestons tenancy plan 3