Managed by NorthWest Healthcare Properties Management Limited

FY21 ANNUAL RESULTS PRESENTATION

12 August 2021

CONTENTS

Page

Overview

3

FY21 highlights

4

Portfolio

12

Developments

17

Financial results & capital management

22

Outlook & guidance

28

Appendices

31

All amounts are in NZD unless otherwise shown

PRESENTED BY:

Aaron Hockly

Michael Groth

Fund Manager

Chief Financial Officer

Richard Roos

Chris Adams

Exec. Director, Portfolio

Exec. Director, Projects

2

VITAL HEALTHCARE PROPERTY TRUST | ANNUAL RESULTS 2021

OVERVIEW OF VITAL

VITAL IS THE FOURTH LARGEST LISTED PROPERTY VEHICLE AND THE ONLY SPECIALIST HEALTHCARE LANDLORD ON THE NZX

AUSTRALIA

$2.63bn

41* properties (A/NZ)

7

4

NEW ZEALAND

1

12

$1.93bn

5

$701m

12

29* properties (AUS)

TASMANIA

12* Properties (NZ)

Vital Healthcare Property Trust (Vital) is:

  • the owner of a $2.63 billion healthcare property portfolio in New Zealand (27% of assets) and Australia (73%);
  • the only NZX-listed specialist healthcare landlord (NZX ticker: VHP) with no ASX- listed equivalent;
  • externally managed by a subsidiary of Toronto-listed, global healthcare real estate owner and manager, NorthWest Healthcare Properties REIT (TSX ticker: NWH);
  • the fourth-largestNZX-listed property vehicle; and
  • targeting 2-3% AFFO and DPU growth per annum over the medium term, whilst retaining a conservative pay-out ratio

*Excludes strategic assets

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VITAL HEALTHCARE PROPERTY TRUST | ANNUAL RESULTS 2021

FY21 HIGHLIGHTS

4

VITAL HEALTHCARE PROPERTY TRUST

DELIVERY OF STRATEGY

DELIVERING FOR VITAL UNITHOLDERS IN ACCORDANCE WITH STRATEGY

Continued deployment of Vital's 5-year portfolio strategy resulting in:

  • Earnings growth
  1. FY21 AFFO: 11.54cpu; 10.4% above FY20
  1. FY22 guidance: at least 11.80cpu; 2.0% above FY21
    1. 6.3% average growth per annum FY20-FY22
  • Increased distributions to unitholders on a prudent payout ratio
    1. FY21 distributions: 8.875cpu; 1.4% above FY20
  1. FY22 guidance: 9.5cpu; 7.0% above FY21

o 4.2% average growth per annum FY20-FY22

  • Continued portfolio improvement:
  1. extension of market leading WALE to 18.7 years
  1. maintenance of low average building age to keep maintenance capex costs low and enhance tenant / patient experience
    1. reduction of single tenant exposure from 45% to 28%
  • Development pipeline expansion to:
    1. provide future earnings growth
  1. match latest healthcare delivery trends particularly in precincts and ambulatory care

1Includes impact of acquisitions, disposals, developments and Healthe Care split of surgical and speciality businesses

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VITAL HEALTHCARE PROPERTY TRUST | ANNUAL RESULTS 2021

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Vital Healthcare Property Trust published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 22:10:04 UTC.