Hmc Capital Limited · ASX:HMC
Hmc Capital — Macquarie Australia Conference 2022
22 slides from Hmc Capital's conference presentation, May 3, 2022
Slide 1: Presentation - Macquarie Australia Conference 2022
For personal use only 3 May 2022 ASX RELEASE PRESENTATION - MACQUARIE AUSTRALIA CONFERENCE 2022 HMC Capital (ASX: HMC) provides the attached presentation which will be delivered to the Macquarie Australia Conference 2022 today. Authorised for release by the Board. For further information, please con
Slide 2: Macquarie Conference Presentation
For personal use only Macquarie Conference Presentation Establishing scalable platforms for sustainable long-term growth 03 May 2022 0
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY For personal use only HMC Capital 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, present and emerging and extend that respect
Slide 4: Funds Management Strategy & Outlook
Funds Management Strategy & Outlook Well positioned to maintain strong growth trajectory and achieve AUM of $10bn well ahead of 2024 target For personal use only Vision ▪ Our ambition is to be Australia’s leading diversified alternative asset manager ▪ Ability to originate and execute complex, large
Slide 5: HMC Capital Track Record
HMC Capital Track Record HMC has delivered outsized returns and growth since listing For personal use only Total shareholder return since IPO1 Assets Under Management Earnings per share growth2 172.1% +151% +163% HCW 33.7 $1.0bn+ Development HDN Pipeline HDN in-specie 4.65 distribution $5.2bn 29.0 9
Slide 6: HMC Capital Track Record
HMC Capital Track Record HMC has successfully evolved into a capital light fund manager with scalable growth platforms For personal use only 2016 2017 - 2019 OCT 19 JUL 20 NOV 20 DEC 20 Acquisition of former HMC establishes in- Home Consortium HMC announces HDN listed on the HMC announces Masters Ho
Slide 7: Transformational Six Month Period
Transformational Six Month Period HMC successfully executed 2 strategic transactions which have the potential to create significant long-term shareholder value For personal use only HealthCo Healthcare & Wellness REIT IPO Acquisition of Aventus Group ✓ IPO completed in September 2021 ✓ Transformativ
Slide 8: Funds Management Update: Acquisition of Aventus Group
Funds Management Update Acquisition of Aventus Group For personal use only Acquisition of Aventus Group ✓ Merger integration is largely complete across key operational, financial reporting, IT, legal and administration work steams ✓ Expected cost synergies have exceeded initial expectations with HMC
Slide 9: HDN Development Pipeline Overview
HDN Development Pipeline Overview Significant development opportunities with latent embedded value identified For personal use only $500m+ INVESTMENT OPPORTUNITIES 0 ~$33m 1 MINOR DEVELOPMENT PROJECTS FY22 COMPLETIONS Brownfield and remix opportunities Belrose NSW Health & Services 50 $90m+ Caringba
Slide 10: Establishment of HMC Capital Partners Fund I
Funds Management Update Establishment of HMC Capital Partners Fund I For personal use only HMC Capital Partners Fund I ✓ HMC is on-track to launch HMC Capital Partners Fund I in May 2022 with a $500m target first close1 ✓ The unlisted open-ended fund will offer investors the opportunity to gain expo
Slide 11: Strategic Hires
Strategic Hires Recent hires expand HMC’s elite team & ability to execute complex, large-scale transactions and enhances leadership capability For personal use only Nicholas Harris Victoria Hardie Gavin Mullet Christian Soberg Rowan Griffin Chris Boyd Head of Funds Managing Director – Managing Direc
Slide 12: HMC Capital Partners
For personal use only HMC Capital Partners HMC is on-track to launch HMC Capital Partners Fund I in May 2022 10
Slide 13: Why Alternative Assets?
Why Alternative Assets? Alternatives provide large addressable markets and a natural hedge against rising inflation, interest rates and potential market volatility For personal use only Why Alternatives? 1. ✓ Large addressable markets 2. ✓ Exposure to powerful megatrends 3. ✓ Low correlation to trad
Slide 14: Significant Growth in Investor Demand for Alternatives
Significant Growth in Investor Demand for Alternatives Demand for alternatives is growing exponentially as investors seek greater diversification and exposure to non-correlated assets For personal use only Forecast growth in global pension fund allocation to alternatives1 5% 30% 40% 2000 2021 20302
Slide 15: HMC Capital Partners Investment Mandate
HMC Capital Partners Investment Mandate HMC Capital Partners Fund I will target outsized equity returns and leverage its flexible mandate to invest across the capital structure depending on the market cycle For personal use only The Fund will focus on unlocking value inherent within mispriced real-a
Slide 16: HMC Capital Partners Investment Philosophy
HMC Capital Partners Investment Philosophy Detailed top-down and bottom-up analysis underpinned by HMC Capital’s broader ESG policy For personal use only Macro thematics Detailed company analysis ‘Top-down’ ‘Bottom-up’ ▪ Industry structure ▪ Barriers to entry / economic moats HIGH CONVICTION ▪ Econo
Slide 17: Supplementary Information
For personal use only Supplementary Information 15
Slide 18: FY22 Outlook and Guidance
FY22 Outlook and Guidance Targeting at least 121% growth in pre-tax FFO per share growth in FY22 For personal use only FY22 PRE-TAX FFO FY22 DPS 29.0 cps1 12.0 cps 41% payout ratio +15.9cps growth2 FY22 GUIDANCE ▪ HMC reaffirms FY22 FFO (pre-tax) guidance to at least 29.0 cents per share − FY22 FFO
Slide 19: Why Alternative Assets? (cont.)
Why Alternative Assets? (cont.) Alternatives have historically delivered superior risk adjusted returns while providing protection in high inflation environments For personal use only Alternative assets – outperformance vs traditional equity1 Alternative real assets outperform during inflationary pe
Slide 20: Investment Process
Investment Process Clear and robust Investment Process driven through best-in-class origination capability For personal use only ORIGINATION PROCESS ✓ Screen and identify value opportunities: Screen ASX/NZX by size, sector, shareholder returns, trading multiples, discount to fundamental value, ROIC,
Slide 21: Further Information
Further Information For personal use only Investors and analysts Media Misha Mohl Will McMicking John Frey Group Head of Strategy & IR Group Chief Financial Officer Corporate communications Home Consortium Home Consortium +61 422 371 575 +61 451 634 991 +61 411 361 361 misha.mohl@home-co.com.au will
Slide 22: Disclaimer
Disclaimer For personal use only This presentation (Presentation) has been prepared by Home Consortium Limited (ACN 138 990 593) and Home Consortium Developments Limited (ACN 635 859 700) Summary information This Presentation contains summary information about the current activities of Home Consorti