Hmc Capital Limited · ASX:HMC
Hmc Capital — Home Consortium — H1 FY2022 Earnings Presentation
31 slides from Hmc Capital's earnings presentation, Feb 24, 2022
Slide 1: HY22 Financial Results Presentation (ASX Release)
ASX RELEASE For personal use only 24 February 2022 HY22 FINANCIAL RESULTS PRESENTATION Home Consortium (ASX: HMC) provides the attached HY22 Financial Results Presentation. -ENDS- For further information, please contact: INVESTORS Misha Mohl Will McMicking Group Head of Strategy & Investor Relations
Slide 2: 1H FY22 Results
For personal use only 1H FY22 RESULTS Establishing scalable platforms for sustainable long-term growth 24 February 2022
Slide 3: Acknowledgement of Country
ACKNOWLEDGEMENT OF COUNTRY For personal use only Home Consortium 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 resp
Slide 4: Agenda
AGENDA For personal use only David Di Pilla Managing Director and 1 GROUP HIGHLIGHTS CEO 2 FUNDS MANAGEMENT Will McMicking Group CFO 3 FINANCIAL RESULT 4 OUTLOOK & GUIDANCE Sid Sharma Group COO 5 SUPPLEMENTARY INFORMATION Misha Mohl Group Head of Strategy & IR
Slide 5: Group Highlights
For personal use only ASX: HMC ASX: HDN ASX: HCW HomeCo Hawthorn East (HomeCo Daily Needs REIT) 1 GROUP HIGHLIGHTS
Slide 6: 1H FY22 Highlights
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 1H FY22 Highlights Significant progress establishing strong, scalable platforms supporting record growth in AUM For personal use only FINANCIAL FUNDS MANAGEMENT 11.0cps ($31.9m) $5.2b
Slide 7: Funds Management
For personal use only ASX: HMC ASX: HDN ASX: HCW HomeCo Hawthorn East (HomeCo Daily Needs REIT) 2 FUNDS MANAGEMENT
Slide 8: Transformational Six Month Period
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 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 A
Slide 9: External AUM Increases to $5.2bn (+280%)
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx External AUM Increases to $5.2bn (+280%) HMC has established scalable real estate growth platforms underpinned by permanent capital sources and strong megatrends For personal use only
Slide 10: Demonstrating Strong Alignment
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Demonstrating Strong Alignment Reduction to HDN base management fee of 5 basis points for GAV >$5bn For personal use only ▪ HMC has agreed to enhance HDN’s cost structure following Ba
Slide 11: Funds Management Strategy & Outlook
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds Management Strategy & Outlook Well positioned to maintain strong growth trajectory and grow AUM >$10bn by 2024 For personal use only Vision ▪ Our ambition is to be Australia’s l
Slide 12: Strategic Objectives and Priorities to Accelerate FUM
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strategic Objectives and Priorities to Accelerate FUM Overtime we expect to transition towards a more capital light model as we pursue large- scale capital partnership opportunities F
Slide 13: Strategic Hires
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Strategic Hires Recent hires expand HMC’s elite team & ability to execute complex, large-scale transactions For personal use only Nicholas Harris Victoria Hardie Gavin Mullet Christia
Slide 14: Potential Sources of Capital
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Potential Sources of Capital HMC is developing a distribution strategy to broaden its sources of capital in the future For personal use only Long term target capital sources Australia
Slide 15: HMC Capital Partners Fund I – Overview & Investment Strategy
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx HMC Capital Partners Fund I – Overview & Investment Strategy Targeting outsized equity returns from high conviction real asset investment opportunities For personal use only Investmen
Slide 16: Sustainability at Home Consortium
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sustainability at Home Consortium We are committed to sustainable practices that drive long term value creation and achieve a positive impact on the communities in which we operate Fo
Slide 17: Sustainability at HMC
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Sustainability at HMC Progressively implementing HomeCo’s Sustainability Commitments For personal use only ✓ Progressing toward Net Zero by 2028. Progressively implementing the Smart
Slide 18: Financial Result
For personal use only ASX: HMC ASX: HDN ASX: HCW HomeCo Hawthorn East (HomeCo Daily Needs REIT) 3 FINANCIAL RESULT
Slide 19: Earnings summary
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Earnings summary 1H FY22 FFO (pre-tax) of $31.9m or 11.0 cents per share (51% increase vs. 1H FY21) For personal use only $ million 1H FY21 1H FY22 INVESTMENT Direct property earnings
Slide 20: Funds management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Funds management Strong growth in funds management income streams supported by HDN and part period contribution from HCW For personal use only $ million 1H FY21 1H FY22 Base managemen
Slide 21: Balance sheet
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Balance sheet Transition to capital light balance sheet model continues For personal use only $ million 30-Jun-21 31-Dec-21 Cash and cash equivalents 11.7 144.0 Investment property 18
Slide 22: Capital management
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Capital management Well positioned to support future funds management activities For personal use only $ million 30-Jun-21 31-Dec-21 Bank debt facility ▪ Dec-21 net cash position of $
Slide 23: Outlook & Guidance
For personal use only ASX: HMC ASX: HDN ASX: HCW HomeCo Hawthorn East (HomeCo Daily Needs REIT) 4 OUTLOOK & GUIDANCE
Slide 24: FY22 Outlook and Guidance
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 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 +1
Slide 25: Supplementary Information
For personal use only ASX: HMC ASX: HDN ASX: HCW HomeCo Hawthorn East (HomeCo Daily Needs REIT) 5 SUPPLEMENTARY INFORMATION
Slide 26: Group Development Pipeline
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Group Development Pipeline HMC continues to grow its development pipeline and capability For personal use only HomeCo Daily Needs REIT ✓ Strategic last mile infrastructure network spa
Slide 27: Direct Property Investments
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Direct Property Investments HMC will release additional growth capital from the sale of its remaining property assets For personal use only Site area Site Coverage Occupancy WALE Fair
Slide 28: Additional financial information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx Additional financial information For personal use only Detailed income statement FFO reconciliation to operating profit/(loss) after tax $ million 1H FY21 1H FY22 $ million 1H FY21 1H
Slide 29: Further Information
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 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 communic
Slide 30: Disclaimer
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx 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
Slide 31: Thank You
IBDROOT\PROJECTS\IBD-HK\KAURY2017\605978_1\IPO\Cornerstone presentation\2019.09.09 Amalfi Investor Presentation.pptx THANK YOU For personal use only 1H FY22 RESULTS Establishing scalable platforms for sustainable long-term growth 24 February 2022 29