Healthco Healthcare & Wellness Reit · ASX:HCW
Healthco Healthcare & Wellness Reit — HealthCo REIT — FY2022 Earnings Presentation
33 slides from Healthco Healthcare & Wellness Reit's earnings presentation, Aug 12, 2022
Slide 1: HealthCo REIT FY22 results presentation
Explorers Early Education, Beaconsfield (VIC) Aurrum Aged Care, Erina (NSW) Springfield Health Hub (QLD) Camden Health Precinct (NSW) HealthCo REIT FY22 results presentation 12 August 2022
Slide 2: Acknowledgement of Country
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acknowledgement of Country HealthCo acknowledges the Traditional Custodians of country throughout Australia and celebrates their diverse culture and connections to land, sea and commu
Slide 3: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Agenda Presenters 1. Highlights 2. Portfolio overview Sam Morris Senior Portfolio Manager 3. Investments 4. Financial results Christian Soberg Chief Financial Officer 5. Guidance 2
Slide 4: Key messages
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Key messages Our decision to be patient and protect our capital puts HealthCo in a strong position to execute its long-term growth strategy PROACTIVE PORTFOLIO AND CAPITAL MANAGEMENT
Slide 5: 1. Highlights and strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George, Camden (NSW) 1. Highlights and strategy 1. Highlights.…. 4 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 6: FY22 highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx FY22 highlights FY22 FFO ahead of guidance, continued development progress and strong balance sheet for value accretive opportunities OPERATIONS GROWTH FINANCIAL 100% ~$200m 5.1 cpu /
Slide 7: Proactive capital management strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Proactive capital management strategy HealthCo has remained disciplined and preserved its funding capacity and flexibility 1 ▪ Since listing, HealthCo has evaluated over $2bn of poten
Slide 8: Strong embedded growth opportunity
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strong embedded growth opportunity HealthCo is well progressed on unlocking the embedded 90% NOI growth potential within its portfolio across leasing, contracted acquisitions and deve
Slide 9: 2. Portfolio overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Think Childcare, Seaford (VIC) 2. Highlights 1. Portfolio overview and strategy 2. Portfolio overview….…. 8 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 10: HealthCo overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HealthCo overview HealthCo offers exposure to a high quality and diversified healthcare portfolio Diversified spectrum of Health & Wellness real estate 39 $722m 3.0% 10.2yr underpinne
Slide 11: Portfolio update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio update HealthCo has grown its high quality and diversified healthcare portfolio and enhanced key portfolio metrics Portfolio statistics1 Portfolio subsectors – income split
Slide 12: Key portfolio statistics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Key portfolio statistics Long term leases to high quality operators with contracted rental growth are key mitigants against rising inflation and interest rates Rent composition1 Top 2
Slide 13: Sustainability at HealthCo
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sustainability at HealthCo HealthCo’s purpose is to serve Australian communities by increasing access to health and wellbeing services 2016 2017 - 2019 FY22 ESG progress Case study: B
Slide 14: 3. Investments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital, Camden (NSW) 3. Growth 1. Highlights and strategy 3. Investments….…. 13 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 15: Investments in Australia's growth corridors
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Investments in Australia’s growth corridors A key part of HealthCo’s strategy is to pursue accretive acquisitions and developments in Australia’s leading metropolitan markets and grow
Slide 16: Acquisitions and disposals
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisitions and disposals ~$200m1 of accretive healthcare acquisitions since IPO have further enhanced Healthco’s portfolio characteristics Transaction Asset Description Comments Val
Slide 17: Developments summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Developments summary HealthCo is well progressed with its $125m committed development pipeline with a total future development pipeline in excess of $500m Planning Brownfield developm
Slide 18: Camden Precinct overview
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Camden Precinct overview HealthCo is creating a $500m+ Health & Innovation Precinct in Camden, the fastest growing LGA in Australia1 1 ✓ +$500m+ total projected cost of all stages 782
Slide 19: The George Private Hospital update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx The George Private Hospital update The George Private Hospital is on track to be completed in Q1 CY23 The George Private Hospital Camden Advertiser (June 2022) Hospital overview ▪ Mod
Slide 20: Development pipeline update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Development pipeline update Progress made on Camden stages 2 and 3, with value-add development opportunity for health precinct at Rouse Hill Camden Stages 2 & 3 (NSW) Rouse Hill (NSW)
Slide 21: Development pipeline update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Development pipeline update Strong progress has been made HealthCo’s development pipeline in Queensland Springfield – Health Hub (QLD) Proxima – Gold Coast Health & Innovation Precinc
Slide 22: 4. Financial results
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Think Childcare, Yallambie (VIC) 5. Financial performance 1. Highlights and strategy 4. Financial results….…. 21 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 23: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary FY22 FFO of 5.1 cpu exceeded upgraded guidance $m FY22 Property revenue 29.1 FFO Property expenses (4.6) ▪ FY22 FFO of 5.1 cpu, which exceeded PDS forecast by 18% and
Slide 24: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet June 2022 NTA of $2.01 per unit, representing an 8% increase vs PDS forecast $m 30 Jun-22 NTA Cash and cash equivalents 2.7 ▪ NTA of $2.01 per unit as at 30 June 2022 Tr
Slide 25: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Net cash and total liquidity of $413m as at 30 June 2022 $m 30-Jun-22 PF 30-Jun-22 Liquidity Liquidity ▪ Strong liquidity position of $413m as at 30 June 2022 pro f
Slide 26: 5. Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Proxima, Gold Coast (QLD) 5. Outlook and strategy 1. Highlights 5. Guidance….…. 25 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 27: FY23 outlook and guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx FY23 outlook and guidance Continued earnings growth and portfolio expansion in FY23 FY23 guidance 6.8 cents 7.5 cents FY23 FFO/unit1 FY23 DPU +10% growth on FY22 (annualised)2 ▪ Consi
Slide 28: Appendix - Supplementary information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Genesis Care, Nambour, QLD Supplementary Appendix - Supplementary information information 1. Highlights and strategy ….…. 27 AUSTRALIA’S LEADING DIVERSIFIED HEALTHCARE REIT
Slide 29: FY23 FFO guidance bridge
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx FY23 FFO guidance bridge FY23 Guidance FFO/unit of 6.8 cents represents +10% growth from FY221 +2.0cpu (1.4cpu) 4 ▪1 Operating portfolio: NOI growth on operating portfolio ▪ Sale of S
Slide 30: Healthcare sector real estate opportunity
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Healthcare sector real estate opportunity Healthcare real estate provides attractive risk adjusted returns underpinned by attractive megatrends which support long-term demand for heal
Slide 31: Portfolio summary metrics
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Portfolio summary metrics Current portfolio value at $722m WALE # Asset State Classification Fair Value ($m) Cap rate (%) Site Area (sqm) Occupancy3 (by income)2 Aged Care Erina NSW O
Slide 32: Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Contacts Investors and Analysts Media Misha Mohl Christian Soberg John Frey Group Head of Strategy & IR HealthCo Chief Financial Officer Corporate communications Home Consortium +61 4
Slide 33: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Disclaimer This presentation (Presentation) has been prepared by HCW Funds Management Limited (ABN 58 104 438 100, AFSL 239882) (Responsible Entity) as responsible entity of HealthCo