360 Capital Mortgage REIT · ASX:TCF
360 Capital Mortgage REIT — HY25 Earnings Presentation
23 slides from 360 Capital Mortgage REIT's earnings presentation, Feb 6, 2025
Slide 1: HY25 Results Presentation
For personal use only 360 Capital Mortgage REIT (ASX:TCF) HY25 Results Presentation 6 February 2025 P.1
Slide 2: Table of contents
Table of contents For personal use only 1 Snapshot and key highlights 4 2 Track record and value proposition 7 3 Loan activity and portfolio 10 4 Financials 13 5 Capital Management 16 6 Outlook and guidance 19 P.2
Slide 3: Why invest in TCF?
Why invest in TCF? Highly Attractive Yield For personal use only Forecast FY25 distribution yield of 10.2%1 paid monthly. Consistent Income Distributions have increased by 118%2 since 360 Capital took over management of TCF in September 2020. Benefits from Higher Rates Senior registered mortgages ar
Slide 4: 1. Snapshot and key highlights
REAL ASSETS PRIVATE EQUITY PUBLIC EQUITY CREDIT For personal use only 1. Snapshot and key highlights
Slide 5: HY25 financial highlights
360 Capital Mortgage REIT (ASX:TCF) – HY25 financial highlights Regular monthly income from private credit investments secured against Australian real estate For personal use only 10.2% 118% Aligned Sponsor Forecast FY25 distribution Increase in distributions 360 Capital Group is TCF’s largest unith
Slide 6: HY25 operational highlights
360 Capital Mortgage REIT (ASX:TCF) – HY25 operational highlights Regular monthly income from private credit investments secured against Australian real estate By Sector: For personal use only 68.9% 95.9% Portfolio LVR1,2 Senior loans1,2 Residential, Commercial, 85.9% 13.6% 11.6% $8.9m W. Avg. Inter
Slide 7: 2. Track record and value proposition
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 2. Track record and value proposition
Slide 8: 360 Capital Group private credit track record
360 Capital Group (ASX:TGP) private credit track record Established & Successful Track Record in Real Estate Credit For personal use only Cumulative Private Credit AUM 18 years $400m $450.0m Founded in 2006, 360 Capital has $400.0m been successful in investing through Private credit transactions $40
Slide 9: Value proposition – regular income with capital protection
Value proposition – regular income with capital protection 62.0 cpu Consistent Income For personal use only 360 Capital has increased distributions by 58.0 cpu 118% since taking over in September 20201 Distributions have increased year on year since 360 54.0 cpu Capital took over management of TCF i
Slide 10: 3. Loan activity and portfolio
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 3. Loan activity and portfolio Illustrative photo only
Slide 11: HY25 loan portfolio activity
HY25 loan portfolio activity Summary of HY25 Loan Activity For personal use only $23.1m 95.9% 11.6% 68.9% Invested in loans Senior loan investments1 Weighted Average Interest Rate1 Weighted Average LVR Ratio1 HY25 Loan Book Activity $60.0m $50.0m $23.1m $40.0m $33.5m $30.0m -$14.2m $24.6m $20.0m $10
Slide 12: Loan portfolio summary
Loan portfolio summary For personal use only Senior investment Junior investment Senior investment Senior investment Senior investment Snapshot: Residual land lots Snapshot: Waterfront luxury Snapshot: Brand new service Snapshot: Completed four and Snapshot: Completed three and Northwest Sydney apar
Slide 13: 4. Financials
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 4. Financials
Slide 14: HY25 Profit & loss highlights
HY25 Profit & loss highlights HY25 HY24 Change Change Profit & loss statement Total revenue HY25 revenue increased by 31.2% ($’000) ($’000) ($’000) (%) For personal use only $1.6m compared to HY24, as a result of higher interest rates received on new real estate Investment income 1 1,568 1,195 (Dece
Slide 15: Balance sheet highlights – December 2024
Balance sheet highlights – December 2024 31-Dec-24 30-Jun-24 Change Change 1 Balance sheet Capital Raising The Trust undertook a Placement and ($’000) ($’000) ($’000) (%) For personal use only Conditional Placement at NAV raising $8.9m $8.9 million, increasing TCF’s total assets by 35.9%. Cash and c
Slide 16: 5. Capital Management
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 5. Capital Management
Slide 17: Capital Raising
Capital Raising Successful Placement and Conditional Placement raising $8.9 million Market Capitalisation Key Benefits of Capital Raising For personal use only $40.0m Increased Scale and Relevance 36.1% increase in market capitalisation 36.1% increase in Market Capitalisation post Capital Raising1 $
Slide 18: Increased liquidity and trading price
Increased liquidity and trading price Unitholders approved the off-market liquidity mechanism in December 2024 Liquidity mechanism and Management Agreement Improved trading price and liquidity For personal use only On 20th December 2024 Unitholders approved the Liquidity Volume Close $ Mechanism and
Slide 19: 6. FY25 outlook and guidance
For personal use only 6. FY25 outlook and guidance
Slide 20: Peer comparison
360 Capital Mortgage REIT (ASX:TCF) - peer comparison One of two ASX-Listed Mortgage REITS, balance of peers are diversified across sectors some with overseas exposure For personal use only Distribution Yield1 Premium/(Discount) to NAV2 10.50% 8.00% 10.20% 10.00% 6.0% 6.00% 4.8% 4.6% 9.50% 4.00% 9.0
Slide 21: Capital management - FY25 outlook and guidance
Capital management - FY25 outlook and guidance Continue marketing and other initiatives to maintain trading price, including introduction For personal use only of 6 monthly liquidity mechanism at NAV 1 Seek additional research coverage given TCF’s unique position as one of only two ASX NTA gap and l
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by 360 Capital FM Limited (ACN 090 664 396) (Responsible Entity) as responsible entity for 360 Capital Mortgage For personal use only REIT (ARSN 115 632 990) (‘TCF’). This material is a summary and does not purport to be complete. It is not intended to
Slide 23: Contact details
Contact details Tony Pitt For personal use only Executive Chairman +61 2 8405 8860 Tony.Pitt@360capital.com.au James Storey Chief Executive Officer +61 2 8405 8860 James.Storey@360capital.com.au Glenn Butterworth Chief Financial Officer +61 2 8405 8860 Glenn.Butterworth@360capital.com.au Identifying
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