360 Capital Mortgage REIT · ASX:TCF
360 Capital Mortgage REIT — FY2025 Earnings Presentation
24 slides from 360 Capital Mortgage REIT's earnings presentation, Aug 7, 2025
Slide 1: 360 Capital Mortgage REIT FY25 Results Presentation
For personal use only 360 Capital Mortgage REIT (ASX:TCF) FY25 Results Presentation 7 August 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 14 5 Capital Management 17 6 Outlook and guidance 20 P.2
Slide 3: Why invest in TCF?
Why invest in TCF? Highly Attractive Yield For personal use only Target Return of Cash Rate +4.0% - All loans fixed rate with a Weighted Average Interest Rate of 11.8% Consistent Income Distributions have increased by 126.5%1 since 360 Capital took over management of TCF in September 2020. Portfolio
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: FY25 financial highlights
360 Capital Mortgage REIT (ASX:TCF) – FY25 financial highlights Regular monthly income from private credit investments secured against Australian real estate For personal use only 10.4% 21.5% Aligned Sponsor FY25 distribution yield1 FY25 Total Unitholder Return 360 Capital Group is TCF’s largest uni
Slide 6: FY25 operational highlights
360 Capital Mortgage REIT (ASX:TCF) – FY25 operational highlights Regular monthly income from private credit investments secured against Australian real estate By Sector: For personal use only 69.2% 96.4% Portfolio LVR1,2 Senior loans1,2 Residential, Commercial, 88.0% 12.0% 11.8% $13.8m W. Avg. Inte
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 $440m $500.0m Founded in 2006, 360 Capital has been successful in investing through Private credit transactions $450.0m $43
Slide 9: Value proposition – regular income with capital protection
Value proposition – regular income with capital protection 70.0 cpu For personal use only 66.0 cpu 62.0 cpu Consistent Income Distributions have increased year on year since 360 58.0 cpu Capital took over management of TCF in September 2020. 54.0 cpu 50.0 cpu 46.0 cpu Benefits from Higher Rates 42.0
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: FY25 loan portfolio activity
FY25 loan portfolio activity Summary of FY25 Loan Activity For personal use only $45.8m 96.4% 11.8% 69.2% Invested in loans Senior loan investments1 Weighted Average Interest Rate1 Weighted Average LVR Ratio1 FY25 Loan Book Activity $80.0m $45.8m $70.0m $60.0m $50.0m $40.0m $38.1m -$32.3m $30.0m $24
Slide 12: Loan portfolio summary
Loan portfolio summary For personal use only Senior investment Junior investment Senior investment Senior investment Snapshot: Residual land lots and Snapshot: Waterfront luxury Snapshot: Brand new service station Snapshot: Completed four and five- freestanding house construction in apartment develo
Slide 13: Loan portfolio summary
Loan portfolio summary For personal use only Senior investment Senior Investment Senior Investment Senior Investment Snapshot: Completed three and four- Snapshot: Residual land lots in Snapshot: Completed four and five- Snapshot: Completed four and five- bedroom houses in Sydney Sydney bedroom house
Slide 14: 4. Financials
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 4. Financials
Slide 15: FY25 Profit & loss highlights
FY25 Profit & loss highlights FY25 FY24 Change Change FY25 revenue increased by 70.3% Profit & loss statement Total revenue compared to FY24, as a result of ($’000) ($’000) ($’000) (%) For personal use only $3.8m additional loan investments following capital raisings during the year. The Investment
Slide 16: Balance sheet highlights – June 2025
Balance sheet highlights – June 2025 30-Jun-25 30-Jun-24 Change Change Balance sheet1 For personal use only Capital Raising ($’000) ($’000) ($’000) (%) The Trust raised a total of $13.6m during $13.6m FY25 and a further $8.1m post period. Cash and cash equivalents 64 268 Trade and other receivables
Slide 17: 5. Capital Management
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 5. Capital Management
Slide 18: Disciplined Growth Strategy
Disciplined Growth Strategy Capital raisings and price growth has increased market cap 66.3%1 to $37.4m in FY25, with a further $8.2m increase post-period. Market Capitalisation Key Benefits of Capital Raisings For personal use only 102.7% increase in Market Increased Scale and Relevance Capitalisat
Slide 19: 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 20 December 2024 Unitholders approved the Liquidity $6.60 120,000 Mechanism and 10
Slide 20: 6. FY26 outlook and guidance
For personal use only 6. FY26 outlook and guidance
Slide 21: 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 FY25 Implied DPU Yield Premium/(Discount) to NAV 11.0% 10.00% 9.19% 10.4% 10.5% 8.00% 10.0% 6.00% 9.40% 9.5% 4
Slide 22: Capital management - FY26 outlook and guidance
Capital management - FY26 outlook and guidance For personal use only Continue marketing and other initiatives to maintain trading price 1 Seek additional research coverage given TCF’s unique position as one of only two ASX NTA gap and liquidity listed Australian Mortgage REITs Continue to increase c
Slide 23: 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 24: 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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