HMC Capital (HMC) Investor presentation summary

Strategic focus and business model

• Concentrates on high conviction investments in sectors driven by megatrends: demographics, decarbonisation, digitalisation, and deglobalisation.

• Refined strategy to focus on real estate, digital infrastructure, private credit, and energy transition, leveraging a capital-light model.

• Operating model involves seeding undervalued assets, scaling through development and repositioning, and syndicating capital to drive recurring earnings.

Platform simplification and scaling

• Scaling back US digital operations and recycling capital to focus on higher-growth Australian data centre platform.

• Integration of funds management support functions and simplification initiatives expected to deliver $15m in annual cost savings.

• Strengthened balance sheet through asset sales, notably a ~$1bn Chicago data centre sale, funding expansion in Sydney.

Growth in core verticals

• Over $1bn in new private credit AUM from institutional mandates, positioning for >$3bn AUM medium-term.

• Real estate AUM at $10.2bn with active growth in retail and logistics developments.

• Energy transition pipeline of 5.7GW, representing a ~$10bn growth opportunity, with committed equity for major BESS projects.

• Digital infrastructure expansion focused on the SYD1 data centre, with $1bn capex and 88MW IT capacity planned for 2027-29.