ersonal use only

H1 FY22

RESULTS

BRIEFING

31 December 2021

Bonny View Tavern, Bald Hills, QLD

Investment thesis

ersonal use only

Strong investment fundamentals:

  • 5.9% - forecast yield for FY22 (as at 7/2/2022 Security Price)
  • $3.82 NTA per security, up 15.8% from June 2021
  • WALE 10.6 years and average option period of an additional 18.8 years
  • Rent reviews linked to CPI - 71.2% of leases by income reference CPI, provides a natural hedge in an inflationary environment

Strong tenant covenant across the 56 properties owned by HPI

  • 42 leased to Queensland Venue Company ("QVC"), which is a joint venture between Coles Limited and Australian Venue Company ("AVC")
  • 8 leased to AVC
  • 6 leased to other experienced operators

2

Contents

only

H1 FY22 highlights

use

ESG

H1 FY22 financial results

Property portfolio

ersonal

Acquisitions

Pub refurbishments

Outlook

3

ersonal use only

H1 FY22 highlights

H1 FY22 highlights

only

$58.9m1 of equity raised

use

Acquisition of 2 pubs for $35.6m1

Income producing investment in our existing portfolio

totalling $69.2m1 via a capex and lease harmonisation

projects

Completed retail development at Ferry Road yielding

ersonal

8.0%

5 year option at Trinity Beach exercised, extending

lease from June 2022 to June 2027

1 Before costs

A strong working relationship with our principal tenant continues to present investment opportunities

Multiple capital refurbishment programs are improving operational performance of the underlying pub business

Increasing geographic and tenant diversification of our property portfolio

$3.0m indirect investment into Harvest Funds, a pub freehold going concern investment vehicle, providing future opportunities and options

5

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Disclaimer

Hotel Property Investments Ltd. published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 21:39:20 UTC.