FY23 Annual Results Presentation

10 AUGUST 2023

Artist Impression of RDX

Contents

Overview of Vital

3

FY23 highlights

4

Financial results and capital management

7

Portfolio and divestments

12

Developments

17

Future focus

22

Appendices

24

5 largest assets and asset groupings

26

Additional portfolio and development information

32

Additional financial information

40

Presenters

Aaron Hockly

Fund Manager & SVP

Michael Groth

Chief Financial Officer

Richard Roos

Exec. Director, Portfolio

Chris Adams

Exec. Director, Projects

All amounts are in NZD unless otherwise shown

VITAL HEALTHCARE PROPERTY TRUST  |  ANNUAL RESULTS 2023  |  2

Overview of Vital1

VITAL IS THE ONLY SPECIALIST HEALTHCARE LANDLORD LISTED ON THE NZX

WHY INVEST IN VITAL

17.8 years

WALE

~$3.4bn

4 51 PROPERTIES

(AUS & NZ)

5.3%

LIKE-FOR-LIKE,

SAME PROPERT Y NET PROPERT Y INCOME GROWTH2

N T

12%

5%

Q L D

WA7%

SA24%

N SW

23% V I C

~$2.4bn TAS

30 PROPERTIES (AUS)

~$1.0bn

15 PROPERTIES (NZ)

25%

N Z

3%

DEFENSIVEHIGH

SECTORDEMAND

HIGH QUALITY

EARNINGS

PORTFOLIO

GROWTH

DEVELOPMENT

UPSIDE

Vital seeks to deliver stable and growing total Unit Holder returns, including an attractive risk-adjusted income distribution, sourced from healthcare property

1 As at 30 June 2023; number of properties excludes strategic assets.

VITAL HEALTHCARE PROPERTY TRUST  |  ANNUAL RESULTS 2023 

|  3

2 3.6% on a constant currency basis

FY23 highlights

Continuing to deliver for Unit Holders

Resilient property portfolio

  18.1% net property income growth; 3.6% like-for-like constant currency

  >99% rent collected for FY23

  ~99% occupancy

  Modest softening of cap rates (4.58% to 5.05%)

Continuing to deliver for Unit

Supported by a strengthened Holders balance sheet

  Debt extended and greater percentage fixed; no debt expiring until March 2025

  Proceeds from asset sales applied to repay debt; ultimately recycled into new high quality developments

  A$180m of debt headroom available to fund development pipeline

Enables delivery of core purpose

  9.75cpu distributions for FY23; consistent with guidance

  Payout ratio ~90%

  Strong underlying net property income growth expected to lead to AFFO per unit growth over the medium term

  Delivery of ESG initiatives (noted in Annual Report)

Portfolio enhancements underway

  ~NZ$155m of non-core divestments transacted

  Further asset sales being considered: ~NZ$100m to be divested in FY24

  ~NZ$545m of developments underway in core health care precincts

  Developments, divestments and asset management initiatives including ESG will lead to a higher quality, better leased portfolio over the medium term

VITAL HEALTHCARE PROPERTY TRUST  |  ANNUAL RESULTS 2023  |  5

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Disclaimer

Vital Healthcare Property Trust published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 20:52:36 UTC.