Homeco Daily Needs Reit · ASX:HDN
Homeco Daily Needs Reit — Bell Potter Foundations Real Estate Conference 2023
12 slides from Homeco Daily Needs Reit's conference presentation, Nov 22, 2023
Slide 1: Bell Potter Conference Presentation ASX Release
HomeCo Daily Needs REIT ARSN 645 086 620 HMC Funds Management Limited ACN 105 078 635, AFSL 237257 ASX RELEASE 22 November 2023 BELL POTTER CONFERENCE PRESENTATION HomeCo Daily Needs REIT (ASX: HDN) provides the attached presentation which will be delivered to For personal use only the Bell Potter F
Slide 2: Bell Potter Conference 22 November 2023
For personal use only Bell Potter Conference 22 November 2023
Slide 3: Acknowledgement of Country
Acknowledgement of Country HomeCo Daily Needs REIT For personal use only acknowledges the Traditional Custodians of country throughout Australia and celebrates their diverse culture and connections to land, sea and community. We pay our respect to their Elders past and present and extend that respec
Slide 4: Overview of HDN
Overview of HDN Daily Needs REIT $4.7bn portfolio diversified by subsector, tenant and geography OVERVIEW Key portfolio metrics For personal use only $4.7bn ~$2.4bn $1.48 32.8% 91.5% Landbank (sqm) 2.5m sqm Portfolio Market NTA/unit Gearing2 Hedging3 value Cap1 Site coverage 37% ▪1 S&P/ASX 200 daily
Slide 5: Investment Strategy
Investment Strategy Daily Needs REIT Owner and developer of strategic last mile infrastructure focused on daily needs & services MODEL PORTFOLIO STRONG INVESTMENT ACCRETIVE DEVELOPMENT STRATEGIC REAL ESTATE For personal use only CONSTRUCTION FUNDAMENTALS PIPELINE INFRASTRUCTURE Portfolio Target $357
Slide 6: Strengthening operational metrics
Strengthening operational metrics Daily Needs Tenants increasingly recognise the value of HDN’s strategic last mile real estate REIT OCCUPANCY1 CASH RENT COLLECTION RELEASING SPREADS For personal use only Underpinned by exposure to predominantly national tenant base, metropolitan locations and focus
Slide 7: $220m of accretive capital recycling
$220m of accretive capital recycling Daily Needs Asset disposals supporting portfolio valuations with strong IRR’s achieved REIT For personal use only ~$142m disposed of in-line with DISPOSALS Midland (WA) Box Hill (VIC) book value at combined ▪ Midland LFR centre (Perth, WA) ▪ Box Hill LFR centre (
Slide 8: Cranbourne expansion project now complete
Cranbourne expansion project now complete Daily Needs REIT High ROIC pad site development project 100% pre-committed by leading national daily needs tenants For personal use only $7m capex 10%+ ROIC1 100% pre-committed 2,700sqm additional GLA First stage of broader precinct redevelopment opportunity
Slide 9: Development projects remain on track
Development projects remain on track Daily Needs 100% pre-committed1 tenant demand-led development strategies on track to achieve ~7% ROIC REIT2 Glenmore Park, NSW Mackay, QLD Gregory Hills Home, NSW For personal use only 4 level Health & Services precinct anchored by Construction of additional leis
Slide 10: Outlook & guidance
Outlook & guidance Daily Needs REIT FY24 guidance reaffirmed For personal use only FY24 Outlook & Guidance ▪ FY24 FFOpu guidance of 8.6 cents1 and distribution guidance of 8.3 cents is reaffirmed ▪ Targeting comparable NOI growth of 4.0% in FY242 ▪ HDN will continue to actively recycle capital to fu
Slide 11: Contacts
Contacts Daily Needs REIT For personal use only Investors and analysts Media Andrew Dodds Sid Sharma John Frey HMC Capital HDN CEO Corporate Communications Corporate Finance & IR Manager +61 423 810 851 +61 434 361 318 +61 411 361 361 andrew.dodds@hmccapital.com.au sid.sharma@hmccapital.com.au john@
Slide 12: Disclaimer
Disclaimer Daily Needs REIT This presentation (Presentation) has been prepared by HMC Funds Management Limited (ACN 106 078 635, AFSL 237 257) (Responsible Entity) as responsible entity of HomeCo Daily Needs REIT (ARSN 645 086 620). For personal use only Summary information This Presentation contain
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