Homeco Daily Needs Reit · ASX:HDN

Homeco Daily Needs Reit — IPO Roadshow (October 2020)

33 slides from Homeco Daily Needs Reit's IPO roadshow presentation, Oct 12, 2020

  1. Slide 1: HomeCo Daily Needs REIT IPO Briefing Presentation ASX Release

    ASX RELEASE For personal use only 12 October 2020 HOMECO DAILY NEEDS REIT IPO BRIEFING PRESENTATION Home Consortium provides the attached HomeCo Daily Needs REIT IPO Briefing Presentation. -ENDS- For further information please contact: INVESTORS Will McMicking Tom Kohlen CFO Investor Relations Execu

  2. Slide 2: HomeCo Daily Needs REIT IPO Briefing Presentation

    For personal use only – Briefing HomeCo Daily Needs REIT IPO2020 Half Year Results Presentation 26 February October2020 2020

  3. Slide 3: Important notices

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Important notices For personal use only NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES This presentation (Presentation) has been prepared by Home Consortium (a

  4. Slide 4: Important notices (continued)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Important notices (continued) For personal use only Past Performance Past performance information given in this Presentation is given for illustrative purposes only

  5. Slide 5: Agenda

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx For personal use only Agenda I. Overview of HomeCo Daily Needs REIT II. Acquisitions III. Growth strategy IV. Financials V. Supplementary information 3

  6. Slide 6: Overview of HomeCo Daily Needs REIT

    For personal use only Photo: HomeCo Hawthorn East Overview of HomeCo Daily Needs REIT

  7. Slide 7: Establishment of HomeCo Daily Needs ASX-listed REIT

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Establishment of HomeCo Daily Needs ASX-listed REIT Transaction overview and timing For personal use only Summary HomeCo Daily Needs REIT post completion  HomeCo (H

  8. Slide 8: HomeCo Daily Needs REIT investment highlights

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HomeCo Daily Needs REIT investment highlights Portfolio of stabilised, convenience based assets targeting consistent growing distributions For personal use only 1 

  9. Slide 9: HomeCo Daily Needs REIT at a glance

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HomeCo Daily Needs REIT at a glance High quality and defensive exposures across target sub-sectors, tenants and geographies For personal use only Portfolio statistic

  10. Slide 10: Model portfolio

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Model portfolio Model portfolio weighting has historically delivered enhanced returns1 For personal use only Correlation benchmarking (2007–2019) Total returns and v

  11. Slide 11: Geographically diverse and strategically located portfolio

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Geographically diverse and strategically located portfolio 94% weighted to metropolitan growth corridors1 For personal use only Brisbane / Gold Coast Perth Butler Jo

  12. Slide 12: High quality and diversified tenant mix with long lease expiry profile

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx High quality and diversified tenant mix with long lease expiry profile Defensive tenant mix with top 10 tenants representing ~50% of gross rental income For personal

  13. Slide 13: Board of Directors

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Board of Directors The proposed HomeCo Daily Needs REIT Board will consist of an Independent Chairman and majority Independent Directors For personal use only Simon

  14. Slide 14: Acquisitions

    For personal use only Photo: HomeCo Joondalup Acquisitions

  15. Slide 15: Glenmore Park Town Centre (Sydney, NSW)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Glenmore Park Town Centre (Sydney, NSW) Neighbourhood centre located in high growth corridor in Western Sydney For personal use only Description Woolworths, Coles &

  16. Slide 16: Gregory Hills Town Centre (Sydney, NSW)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Gregory Hills Town Centre (Sydney, NSW) Neighbourhood centre located in high growth corridor in South West Sydney For personal use only Description Woolworths anchor

  17. Slide 17: Growth strategy

    For personal use only Photo: HomeCo Mornington Growth strategy

  18. Slide 18: Targeting strong total returns

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Targeting strong total returns Delivering stable growing income streams with additional opportunities for growth For personal use only Target annual total returns Co

  19. Slide 19: Investment criteria and objectives

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Investment criteria and objectives For personal use only Overall investment objectives Ownership of a stabilised portfolio of convenience based assets targeting cons

  20. Slide 20: Development opportunities

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Development opportunities Only 31% of HomeCo Daily Needs REIT’s ~630,000sqm land bank is currently converted to GLA1, 2 For personal use only  Pad developments are

  21. Slide 21: Financials

    For personal use only Photo: HomeCo Braybrook Financials

  22. Slide 22: Statements of profit and loss

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Statements of profit and loss For personal use only Statutory and pro forma statements of profit and loss Reconciliation to FFO Statutory Statutory forecast – Pro fo

  23. Slide 23: Pro forma statement of financial position

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Pro forma statement of financial position For personal use only Pro forma statement of financial position at the Completion Date Key metrics A$ 000s Cash and cash eq

  24. Slide 24: Supplementary information

    For personal use only Supplementary information

  25. Slide 25: HMC strategic rationale

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HMC strategic rationale The in-specie distribution of HomeCo Daily Needs REIT provides the foundation for the next phase of HMC’s ‘Own, Develop and Manage’ strategy

  26. Slide 26: Management Fees

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Management Fees1 For personal use only Investment Management Agreement 0.65% of the REIT's GAV up to $1.5 billion; 0.55% for the portion of the Management Fee REIT's

  27. Slide 27: HomeCo Daily Needs REIT | Asset summary

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HomeCo Daily Needs REIT | Asset summary For personal use only Glenmore Park Town Centre Gregory Hills Town Centre HomeCo Hawthorn East HomeCo Vincentia State NSW Sta

  28. Slide 28: Asset summary (continued)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HomeCo Daily Needs REIT | Asset summary (continued) For personal use only HomeCo Mornington HomeCo Keysborough HomeCo Butler HomeCo Prestons State VIC State VIC Stat

  29. Slide 29: Asset summary (continued)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx HomeCo Daily Needs REIT | Asset summary (continued) For personal use only HomeCo Richlands HomeCo Ellenbrook State QLD State WA Ind. value ($m) 24 Ind. value ($m) 13

  30. Slide 30: Specific assumptions

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Specific assumptions For personal use only Risk Commentary  Rental income comprises the majority of the REIT’s revenue and is generated through operating leases. Re

  31. Slide 31: Specific assumptions (continued)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Specific assumptions (continued) For personal use only Risk Commentary Net interest expense  Borrowings under the new Debt Facility are forecast to incur an all-in

  32. Slide 32: Summary of key risks

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Summary of key risks For personal use only Risk Commentary HomeCo Daily Needs REIT  HomeCo Daily Needs REIT will be a new standalone ASX listed entity with no previ

  33. Slide 33: Summary of key risks (continued)

    ibdroot\projects\IBD-HK\gazelle2020\661298_1\Presentations\2020-09-18 Investor Presentation\2020.10.12 HomeCo Daily Needs REIT vF.pptx Summary of key risks (continued) For personal use only Risk Commentary  HomeCo is expected to retain a substantial Unitholding in the REIT. As such, HomeCo and its

HomeCo Daily Needs REIT — IPO Roadshow (October 2020) on 6ix