Slide 1: ASX Release: 1H FY21 Financial Results Presentation
ASX RELEASE For personal use only 24 February 2021 1H FY21 FINANCIAL RESULTS PRESENTATION Home Consortium (ASX: HMC) provides the attached 1H FY21 Financial Results Presentation. -ENDS- For further information, please contact: INVESTORS Will McMicking Tom Kohlen Chief Financial Officer Investor Rela
Slide 2: Home Consortium 1H FY21 Financial Results Presentation
For personal use only Home Consortium 1H FY21 Financial Results presentation 24 February 2021
Slide 3: Agenda
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx For personal use only Agenda 1. Highlights 2. Property investments 3. Funds management 4. Financial performance 5. Outlook 6. Supplementary information David Di Pilla Sid Sharma Will
Slide 4: 1H FY21 highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 1H FY21 highlights1 For the period 30-Jun-20 to 31-Dec-20 For personal use only Financial Property Investments Funds Management +38% TSR $634m $1.7bn SINCE IPO IN OCT-19 23 DIRECT PRO
Slide 5: Total shareholder return since IPO
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Total shareholder return since IPO HMC has significantly outperformed the S&P/ASX 200 Index (+31.0%) and the S&P/ASX 200 AREIT Index (+50.2%) since IPO For personal use only 23-Nov-20
Slide 6: Funds management strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management strategy Well positioned to meaningfully grow earnings and FUM by leveraging existing asset base For personal use only ▪ HMC is transitioning towards becoming a capit
Slide 7: 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 HomeCo strategic focus Own Own Develop Develop Manage Manage ▪▪ $1.7 $1.7billion billiontotal
Slide 8: ESG policy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx ESG policy HomeCo’s ESG ambition is to be a leader amongst its peers – to create an institutional grade strategy and approach to investing and asset management For personal use only H
Slide 9: Property Investments
For personal use only HomeCo Hawthorn East (HomeCo Daily Needs REIT) Property Investments
Slide 10: Direct property investments – summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Direct property investments – summary For personal use only Portfolio statistics Current Portfolio Jun-201 In-specie / Disposals2 Completed Acquisitions (31-Dec-20)3 Number of propert
Slide 11: Direct property investments – major developments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Direct property investments – major developments For personal use only Leasing Forecast cash FY21 developments Anchor tenant(s) Status Target open pre-commitments1 yield 1. Cairns (QL
Slide 12: Acquisitions update
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Acquisitions update ~$150m in contracted acquisitions over Q4 CY20 predominantly focused on HealthCo properties For personal use only Overview of recent acquisitions WALE Acquisitions
Slide 13: Selective asset divestments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Selective asset divestments Following recent transactions, HomeCo now has significant gearing capacity and liquidity to accelerate its capital light growth strategy For personal use o
Slide 14: Funds management
For personal use only HomeCo Hawthorn East (HomeCo Daily Needs REIT) Funds management
Slide 15: Asset recycling
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Asset recycling Asset recycling to drive further FUM growth under a capital light model For personal use only Establish funds Asset recycling initiatives management vehicles Establish
Slide 16: Funds management – HomeCo Daily Needs REIT
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management – HomeCo Daily Needs REIT Since listing, HDN has grown to comprise ~$1bn in daily needs focused properties Daily Needs REIT For personal use only Key highlights Key H
Slide 17: Funds management – HomeCo Daily Needs REIT growth
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management – HomeCo Daily Needs REIT Significant NTA and income growth is expected for HDN Daily Needs REIT For personal use only Attractive Valuation uplift Income Cap rate por
Slide 18: Funds management – HealthCo
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management – HealthCo HomeCo is well progressed towards establishing HealthCo by 1H FY22 For personal use only HealthCo status update HealthCo rationale: Why target Health, Well
Slide 19: HealthCo proposed seed assets
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management – HealthCo ~$350m of Health, Wellness & Government proposed assets to be used to seed HealthCo fund For personal use only HealthCo proposed seed assets Property State
Slide 20: Financial Performance
For personal use only HomeCo Keysborough (HomeCo Daily Needs REIT) Financial Performance
Slide 21: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary For personal use only 1H FY20A 1H FY21A $ million ▪ HomeCo’s earnings now comprise two key sources: Freehold Consolidated Direct property income 28.9 37.2 ▪ Property
Slide 22: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet For personal use only $ million 30-Jun-20 31-Dec-20 Cash and cash equivalents 29.6 89.8 ▪ NTA of $2.39 per unit as at 31-Dec-20 which reflects the impact from Trade / ot
Slide 23: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Strong capital position with 13.6% gearing and $200 million cash and undrawn debt For personal use only $ million 30-Jun-20 31-Dec-20 Senior secured facility summa
Slide 24: Outlook
For personal use only HomeCo HomeCo Braybrook Braybrook (HomeCo Daily Needs REIT) Outlook
Slide 25: Outlook and dividend
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Outlook and dividend For personal use only ▪ HomeCo provides FY21 FFO guidance of no less than $35.0m (12.9 cents per security) ̶ FY21 guidance reaffirms the 4% upgrade provided on 4
Slide 26: Supplementary Information
For personal use only Supplementary Information
Slide 27: HomeCo FUM
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HomeCo FUM For personal use only HMC.ASX HomeCo Daily Needs REIT Health, Wellness & Government Direct Property Investments (HDN.ASX) Services Fund (HealthCo) FUM (A$m)1 ▪ ~$1bn ▪ ~$45
Slide 28: Ability to leverage existing asset base and grow FUM and FFO
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Ability to leverage existing asset base and grow FUM and FFO Existing asset base supports significant growth in fee generating FUM and FFO For personal use only Funds Under Management
Slide 29: HomeCo portfolio
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HomeCo portfolio Direct property portfolio summary metrics For personal use only Trading Site area Site Coverage Occupancy WALE (by Fair Value Property State Classification GLA (sqm)
Slide 30: Additional financial information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Additional financial information For personal use only FFO reconciliation to statutory profit/(loss) after tax Investment property bridge 1H FY20A 1H FY21A 1H FY21A $ million $ millio
Slide 31: Disclaimer and Contacts
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Disclaimer and Contacts For personal use only Disclaimer NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES The information provided in this presentation has been prepared by Home C