Vital Healthcare Property Trust : Craig’s IP Advisor Network Presentation – December 2021

Financial

▸

▸ 10.4% increase in AFFO per unit (FY21) FY22 AFFO guidance of at least 11.80 cpu;

▸ up at least 2% on FY21

FY22 distribution guidance of 9.5 cpu; 7.0% ▸ above FY21

Equity raising reduced gearing to ~34%1

• >99% of rent collected for FY21 and Q1
• FY22 despite COVID-19
• Market leading,18.0-year WALE maintained 60,000sqm of new, renewed or extended2
• leasing during FY21

Strategic asset sales continue to be considered in line with Vital's 5yr StrategyPortfolio

• $286m of acquisitions completed in FY21, plus ~$145m3 completed to date during
• FY22
  10 developments underway and at varying stages from commencement to nearing
• completion
  Actively considering both stabilised and
  development opportunities in excess of

$350mAcquisitions and Developments

Debt▸ facility extension and expansion Tranches totalling A$175m secured on 7-year terms, including the introduction of a new financier

▸ to further improve lender diversity

Tranches totalling A$40m secured for a term of 5 ▸ years

▸ A$100m multi-currency tranche for a 2.5-year term Vital's next refinancing event is in FY23

▸Equity raising

Successful completion of $115m Placement, fully underwritten at $2.90 per unit (3.7% discount to 12

• October 21 closing price)
• Nearly two times oversubscribed
  Allotment of 39,655,172 units for the Placement
• occurred on 20 October 2021
  UPP for $27.8m closed on 3 November 2021 at an issue price of $2.8521

ACQUISITION OF THE TENNYSON CENTRE

• The Tennyson Centre is one of Adelaide's leading 'Cancer Centres of Excellence', a high- quality ambulatory care facility located in a strategic metropolitan location, acquired for
• ~A$93m
  The asset has strong leasing fundamentals with high quality tenants operating in the identification, assessment and treatment of cancer through oncology, radiotherapy, imaging
• and consulting services
  The transaction includes 1,920sqm of adjoining land held for future development

ACQUISITION OF HUTT VALLEY HEALTH HUB

• Hutt Valley Health Hub is a purpose-built seismically resilient medical office building and
• ambulatory facility, acquired for $46.5m (plus transaction costs)
  The existing building was completed in late 2019 consistent with the Manager's focus on developing and acquiring new and recently constructed buildings. The acquisition will increase Vital's future expansion land holding to ~3,200sqm to meet both public and private healthcare
• demand
  The property adjoins Vital's existing asset, Boulcott Hospital, as well as the main public hospital
• for the region, Hutt Hospital.
  Post settlement Vital's yield for the campus will reflect ~4.5% across the Hutt Valley Health Hub and Boulcott Hospital

$2.7bn

Portfolio value

5

4

3

2

13

Key Metrics

8.0%99.0%

$460.2m

committed development pipeline ($276m cost to complete)