HMC Capital (HMC) Investor Day 2025 Presentation summary

Company overview and strategy

• HMC Capital operates five scalable platforms in real estate, private equity, private credit, digital infrastructure, and energy transition, targeting high-conviction global megatrends.

• Ambition to grow AUM from $19bn to $50bn+ in a capital-light manner, supported by a strong balance sheet and risk management culture.

• High ROE business model, founder-led, with strong shareholder alignment and deep operational capability.

• Investment strategy focuses on long-term trends: ageing population, decarbonisation, digitalisation, and deglobalisation.

• Leadership team includes experienced executives across all verticals, supporting diversified growth.

Digital infrastructure

• DigiCo portfolio includes stabilised and development assets in the US and Australia, targeting cloud, AI, and edge computing demand.

• Data centre demand is driven by cloud (20% CAGR), internet apps (15% CAGR), and AI, with inference expected to dominate future growth.

• US and APAC markets remain vital, with location and connectivity as key differentiators for inference workloads.

• Portfolio strategy balances operating, co-location, and development assets, targeting IRRs of 8–30%+.

• Capital partnering strategy aims to accelerate growth by introducing institutional partners across asset types.

Real estate

• Focus on Australian retail real estate, leveraging structural tailwinds from omni-channel retail and resilient daily-needs tenants.

• Bespoke mandates include listed and unlisted funds targeting core, value-add, and development opportunities with major supermarket anchors.

• Urban planning and rigid zoning support asset resilience and limit new competition.

• Development strategies target underutilised land and repositioning legacy assets for higher returns.