Hmc Capital Limited · ASX:HMC
Hmc Capital — Shareholder Meeting (November 2025)
38 slides from Hmc Capital's shareholder meeting presentation, Nov 19, 2025
Slide 1: Annual General Meeting 2025
For personal use only Annual General Meeting 2025 Wednesday, 19 November 2025 1 HMC Capital | 2025 AGM Presentation
Slide 2: 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 and present and extend that respect to all Abo
Slide 3: HMC Capital Board of Directors
HMC Capital Board of Directors For personal use only Chris Saxon David Di Pilla Greg Hayes The Hon. Kelly O’Dwyer Independent Non- Group Managing Non-Executive Independent Non- Executive Chair Director and CEO Director Executive Director Susan Roberts Dr. Chris Roberts AO Fiona Pak-Poy Independent N
Slide 4: Agenda
Agenda For personal use only 01 02 03 Welcome & Chair & CEO Formal Introduction Address Business Presenters Chris Saxon David Di Pilla Independent Non-Executive Managing Director & Chair Group CEO 4 HMC Capital | 2025 AGM Presentation
Slide 5: Chair's Address
5 For personal use only Chair’s Address
Slide 6: Results Overview
Results Overview HMC has now established five highly scalable growth platforms For personal use only FY25 Highlights FY25 Results Overview ✓ Real Estate Operating EPS (pre-tax) Assets Under Management1 − Growing unlisted platform, 32% unlisted AUM growth in FY25 56.0cps $18.7bn ✓ − Two new daily nee
Slide 7: Managing Director & Group CEO's Address
For personal use only Managing Director & Group CEO’s Address 7
Slide 8: HMC Capital Platform
HMC Capital Platform Addressing key priorities to restore market confidence and focus on long-term growth opportunity For personal use only Strong Fundamentals, Scalable Platform, Clear Path Forward Overview HMC’s share price does not reflect the company’s strong fundamentals and long-term growth po
Slide 9: Investment Strategy
Investment Strategy Targeted and long-term investment approach focused on high conviction megatrends For personal use only Demographics Decarbonisation Digitalisation Deglobalisation Structural trend driving greater onshoring of Growing and ageing populations, evolving Investment opportunity of a ge
Slide 10: Assets Under Management
Assets Under Management HMC manages $18.7bn of alternative assets across listed & unlisted funds on behalf of a broad investor base For personal use only AUM split by sector Key Highlights 6% Real Estate 4% ✓ Focused investment strategy on alternative assets supported by favourable megatrends which
Slide 11: Sustainability
Sustainability Aligning our Sustainability Framework with HMC's evolution to continue creating positive long-term impact For personal use only Update Key FY25 highlights Environmental: ▪ Following the Group’s expansion into the Energy - For our Real Estate platform, we achieved ~32% reduction in sco
Slide 12: Funds Management
For personal use only 12 Funds Management
Slide 13: Real Estate
Real Estate Real Estate platform continues to grow organically through establishment of new unlisted institutional partnerships For personal use only Development capability and track record key to AUM growth and attracting third party capital partners Assets Under Management1 Listed Unlisted $9.9bn
Slide 14: Private Credit
Private Credit Scalable platform supported by market leading governance, disclosure and risk management practices For personal use only Assets Under Management Since acquiring the CRE private credit platform in Jul-24, the business has been successfully integrated and repositioned for sustainable lo
Slide 15: Private Credit
Private Credit Well positioned for growth following significant investment in platform capability, people and practices For personal use only Key focus areas of ASIC review Governance ✓ Strong Governance Structures: HMC Private Credit Trustee Board has recently appointed 3 new directors to achieve m
Slide 16: Private Equity
Private Equity HMCCP Fund I has demonstrated our ability to deliver outsized and uncorrelated returns For personal use only FY26 YTD progress Assets Under Management1 $0.6bn ✓ Continued strong performance of HMCCP Fund 1 – 28% annualised performance since inception, net of fees2,3 – Fund holds a sig
Slide 17: Digital Infrastructure
Digital Infrastructure DGT exceeded its PDS EBITDA guidance and has almost doubled contracted IT capacity since listing For personal use only Unique listed platform with large scale expansion opportunity Assets Under Management1 $5.3bn ▪ $99m FY25 Annualised EBITDA (ahead of PDS guidance) +$4.6bn on
Slide 18: Digital Infrastructure Strong Sector Tail Winds
Digital Infrastructure Strong Sector Tail Winds AI adoption is catalysing the next wave of data centre demand For personal use only AUSTRALIA’S CURRENT SUPPLY PIPELINE IS EXPECTED TO FALL WELL SHORT ACCELERATION OF DEMAND FOR AI, DRIVING RAPID MARKET SHIFT OF MEETING DEMAND GROWTH Estimated Global D
Slide 19: Energy Transition
Energy Transition Focussed strategy to realise value in the integrated operational & development portfolios of NVP & Stor Energy For personal use only Assets Under Management1 FY26 YTD progress $1bn+ ✓ Established high quality integrated Energy Transition Platform with acquisition of Neoen Victorian
Slide 20: Significant optionality across Energy portfolio
Significant optionality across Energy portfolio The portfolio provides multiple avenues to access liquidity and crystalise value over the near term For personal use only Indicative equity value1 ($bn) of FID-ready development assets & existing operating portfolio 1.9 Multiple options to realise sign
Slide 21: Energy Transition sector has strong growth tailwinds
Energy Transition sector has strong growth tailwinds Significant growth in energy demand together with higher intraday price volatility resulting in strong demand for For personal use only operating and actionable development assets across a broad buyer universe Demand: Strong demand growth driven b
Slide 22: Guidance and Outlook
Guidance and Outlook HMC is well placed to maintain a strong operating EPS growth trajectory supported by scalable growth For personal use only platforms and significant investment capacity FY26 Outlook ▪ Re-affirming FY26 pre-tax earnings target of at least 40 cps1, representing 29% CAGR since FY20
Slide 23: Formal Business
For personal use only 23 Formal Business
Slide 24: Annual Report 2025
Annual Report 2025 Financial Report, Directors’ Report and Auditor’s Report For personal use only To receive and consider the Financial Report, Directors’ Report and Auditor’s Report for the year ended 30 June 2025. Note: Shareholders are not required to vote on the Financial Report, Directors’ Repo
Slide 25: Resolution: Remuneration Report
Resolution 1 Remuneration Report For personal use only To consider and, if thought fit, to pass the following non-binding Resolution as an ordinary resolution: “That the Remuneration Report for the year ended 30 June 2025 be adopted.” Note: Resolution 1 is advisory only and does not bind the Directo
Slide 26: Proxy Voting Results
Resolution 1 Proxy Voting Results For personal use only For: 96.88% Open: 0.21% Against: 2.91% 26 HMC Capital | 2025 AGM Presentation
Slide 27: Re-Election of Director – Gregory Hayes
Resolution 2 Re-Election of Director – Gregory Hayes For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That Gregory Hayes, being eligible, be re-elected as a Director of the Company.” 27 HMC Capital | 2025 AGM Presentation
Slide 28: Proxy Voting Results
Resolution 2 Proxy Voting Results For personal use only For: 97.65% Open: 0.24% Against: 2.11% 28 HMC Capital | 2025 AGM Presentation
Slide 29: Election of non-Board endorsed Director candidate – Stephen Mayne
Resolution 3 Election of non-Board endorsed Director candidate – Stephen Mayne For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That Stephen Mayne, being eligible, be elected as a Director of the Company.” 29 HMC Capital | 2025 AGM P
Slide 30: Proxy Voting Results
Resolution 3 Proxy Voting Results For personal use only For: 1.43% Open: 0.13% Against: 98.44% 30 HMC Capital | 2025 AGM Presentation
Slide 31: Issue of Performance Rights to David Di Pilla
Resolution 4 Issue of Performance Rights to David Di Pilla For personal use only To consider and, if thought fit, to pass the following Resolution as an ordinary resolution: “That, pursuant to and in accordance with Listing Rule 10.14 and for all other purposes, approval is given for the Company to
Slide 32: Proxy Voting Results
Resolution 4 Proxy Voting Results For personal use only For: 97.76% Open: 0.18% Against: 2.06% 32 HMC Capital | 2025 AGM Presentation
Slide 33: Renewal of Proportional Takeover Bid Provisions
Resolution 5 Renewal of Proportional Takeover Bid Provisions For personal use only To consider and, if thought fit, to pass the following Resolution as a special resolution: “That, for the purposes of section 648G of the Corporations Act 2001 (Cth) and for all other purposes, the proportional takeov
Slide 34: Proxy Voting Results
Resolution 5 Proxy Voting Results For personal use only For: 98.74% Open: 0.12% Against: 1.14% 34 HMC Capital | 2025 AGM Presentation
Slide 35: Closing Remarks
For personal use only 35 Closing Remarks
Slide 36: Further Information
Further Information For personal use only Investors and Analysts Media Renee Jacob John Frey HMC Capital Corporate Communications Head of Investor Relations +61 407 328 092 +61 411 361 361 renee.jacob@hmccapital.com.au john@brightoncomms.com.au Authorised for release by the Board of HMC Capital Limi
Slide 37: Disclaimer
Disclaimer For personal use only This presentation (Presentation) has been prepared by HMC Capital Limited (ACN 138 990 593) (“HMC Capital”) Summary information This Presentation contains summary information about the current activities of HMC Capital and its subsidiaries as at the date of this Pres
Slide 38: For personal use only
For personal use only 38